Global Virtual Power Plant Market
- 4100.00 Dollar US$
- Published date: February 5, 2021
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- Pune, Ahmadnagar, Maharashtra, India
Global Virtual Power Plant Market is expected to reach US$800 Mn by 2027 at a CAGR of XX % during the forecast period. Virtual Power Plant (VPP) refers to a cluster of small-scale generators, such as power (CHP) units and combined heat and, backup generator sets, biogas plants, which collectively act akin to a single large power plant.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
The increase in residential energy storage system, as well as the increase in penetration of smart grid technologies, is some of the major driving factors expected to propel the virtual power plant market during the forecast period. Health concerns over high frequency human exposure of radio and electromagnetic waves hamper the potential of the market for different end users.
The increase in residential energy storage system, as well as the increase in penetration of smart grid technologies, is some of the major driving factors expected to propel the virtual power plant market during the forecast period. Health concerns over high frequency human exposure of radio and electromagnetic waves hamper the potential of the market for different end users.
Global Virtual Power Plant Market is segmented by technology, end-user application, and region. Among technology segment, the demand Response segment is likely to have larger Virtual Power Plant Market share during the forecast period, owing to various benefits including earning incentives by participating in demand response program and peak load management.
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