The global virtual power plant market is expected to reach a market size of USD 3,724.2 million by 2028 at a relatively robust CAGR over the forecast period, according to latest analysis by Emergen Research. This growth can be attributed to factors such as increasing initiatives of various governments regarding adoption of renewable sources of energy, which is driving renewable power generation activities.
The latest report by emergen research, titled ‘Global virtual power plant market’, covers the current situation of the virtual power plant market that has been gravely impacted by the COVID-19 outbreak. The market intelligence report analyzes the pandemic’s drastic impact on the global economy, including the severe disruptions to this business sphere.
Global virtual power plant market revenue growth is primarily driven by a variety of factors and trends, some of which include rising focus by major companies on product/service expansion into new and untapped domestic and international markets, rising investments in strategic agreements and mergers, and rapidly growing competition in the virtual power plant market.The coronavirus outbreak has beleaguered the virtual power plant market business landscape and posed severe threats to the developmental scope of various manufacturers and buyers involved in this sector. The report further discusses the profound impact of the global virtual power plant market scenario, accompanied by speculations about its post-COVID-19 scenario.
Covid -19 impact analysis:
The latest research report is touted as the first document covering the current market situation that is substantially affected by the COVID-19 outbreak. The pandemic has brought about enormous changes in the global economic landscape, which, in turn, has disrupted the virtual power plant market industry’s functioning.The economic slowdown and dynamic changes in the demands will further affect the growth of the industry. The report covers the impact analysis of the COVID-19 pandemic on the overall virtual power plant market. The report further discusses the profound impact of the global virtual power plant market scenario, accompanied by speculations about its post-COVID-19 scenario.
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Emergen Research has segmented the global virtual power plant market on the basis of end-use, technology, and region:
End-use Outlook (Revenue, USD Million; 2021–2028)
Industrial and Commercial
Technology Outlook (Revenue, USD Million; 2021–2028)
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Top key vendors in virtual power plant market include are: ABB, AutoGrid Systems, Inc., Blue Pillar, Cisco systems, Inc., Cpower Energy Management, Enel X, General Electric, Hitachi, Ltd., IBM, and Next Kraftwerke
Summary of the key points of the report:
Report Overview: This section provides data and information pertaining to the key market manufacturers, their product offerings, historical and future timelines considered, and market scope. It further highlights the principal market segments, including product types, application gamut, end-user industries, and regional analysis.
Executive Summary: This section of the report provides an extensive assessment of the competitive landscape, regional mapping, CAGR, and crucial parameters such as key market drivers, restraints, trends, challenges, growth prospects, and other micro- and macro-economic indicators.
COVID-19 Impact Analysis: In this section of the report, our research team has closely investigated the impact of the COVID-19 pandemic on various aspects of the virtual power plant market industry, including production capacity, consumption rate, demand and supply ratio, import-export status, estimated revenue generation, and market shares of each region.
Company Profiles: This component of the report depicts the company profiles of the leading players participating in the virtual power plant market industry. The market value & volume, production capacity, product portfolios, and other vital aspects of these players have been assessed in this report.
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Key questions addressed in the report:
What is the projected growth rate likely to be witnessed by each market region?
Which of the leading virtual power plant market regions accounts for the maximum market share over the forecast years?
What sales estimates every region is expected to hold in the virtual power plant market in the near future?
What is each regional segment’s current valuation?
What are the estimated remunerations of these regions over the forecast timeline?
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Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Virtual Power Plant Market Segmentation & Impact Analysis
4.1. Virtual Power Plant Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
184.108.40.206. Increasing demand for renewable power generation
220.127.116.11. Cost-effectiveness of solar Generation
18.104.22.168. Increasing adoption of emerging technologies in the power generation sector
4.2.3. Market restraints analysis
22.214.171.124. Limited availability of technologically skilled workforce
126.96.36.199. High installation cost of the virtual power plant
188.8.131.52. Present challenging economic conditions due to the pandemic
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
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