Virtual Power Plant Market Trend, Business Opportunities, Challenges, Drivers and Restraint Research Report by 2030

The global virtual power plant market size is expected to reach USD 4,471.30 Million by 2030, according to a new study by Polaris Market Research. 

The major factors that boost the industry growth include its benefits for energy generation, expansion of smart grids, and growing demand for renewable energy. Virtual energy plants are used to maximize energy generation from existing sources, incorporate multiple renewable energy sources, and, as a result, reduce carbon emissions.

Any expansion of the smart grid would directly impact the virtual energy plant business. Furthermore, factors such as a growing share of renewable energy in the energy generation mix and falling solar generation and energy storage prices are expected to increase the virtual power plant business.

Request Sample Copy of Research Report @

(The sample of this report is readily available on request. The report sample contains a brief introduction to the research report, Table of Contents, Graphical introduction of regional analysis, Top players in the market with their revenue analysis and our research methodology.)

Based on the technology, the demand response segment accounted for the leading share in the industry in 2021. Due to increased expenditures in demand-response systems, the demand response category is expected to hold the most significant market share. Its popularity is fast growing due to its long-term benefits for end-users and capacity to improve the grid’s energy efficiency. It also offers perks like peak load control and the chance to earn prizes by engaging in demand response programs.

Market players such as International Business Machines Corporation, General Electric, AGL Energy, ABB, Schneider Electric, Siemens. AutoGrid, Blue Pillar, Inc., Enbala Power Networks, Inc., Next Kraftwerke., Enel X, Cisco Systems, Inc., Hitachi, Ltd., Robert Bosch GmbH are key players operating in the global market.

See also  Virtual Power Plant Market Demand, Revenue Forecast and Interesting Opportunities from 2023 to 2032

In November 2021, SunPower Corp., a leading solar technology and energy services company, has announced the opening of its Virtual Power Plant (VPP) solution, which allows SunVaultTM energy storage consumers to be compensated for allowing the versatility to use stored energy throughout peak demand, resulting in a more stable electric grid in their community. Thus, these strategies adopted by the major players are boosting market growth.

Inquire more about this report before purchase @

(You may enquire a report quote OR available discount offers to our sales team before purchase.)

Polaris Market Research has segmented the virtual power plant market report based on technology, source, end-user, and region:

Virtual Power Plant, Technology Outlook (Revenue – USD Million, 2018 – 2030)

  • Demand Response
  • Distributed Generation
  • Mixed Asset

Virtual Power Plant, Source Outlook (Revenue – USD Million, 2018 – 2030)

  • Solar
  • Wind
  • Small Hydro
  • Batteries
  • Others

Virtual Power Plant, End-User Outlook (Revenue – USD Million, 2018 – 2030)

  • Industrial
  • Commercial
  • Residential

 Browse detail report with in-depth TOC

About Us:
Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defense, among different ventures present globally.

Contact Us:

See also  Massive Growth In Drug Of Abuse Testing Services Market Set To Witness Huge Growth By 2030

Polaris Market Research

Phone: +1-929-297-9727