Virtual Power Plant Market insights

BANGALORE, India - July 22, 2022 - PRLog -- virtual power plant market was valued at USD 1.3 Billion in 2019 and is projected to reach USD 5.9 Billion by 2027, growing at a CAGR of 21.3% from 2020 to 2027. The virtual power plant market is expected to rise due to rising renewable energy penetration in the power generation sector, as well as shifts in power grid dynamics from centralized to distributed. The consumer demand will be boosted by further reductions in energy costs and the ease with which energy storage can be accessed.

Key Benefits for Stakeholders

• The global Virtual Power Plant market analysis covers in-depth information of major industry participants.
• Porter's five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
• Major countries have been mapped according to their individual revenue contribution to the regional market.
• The report provides an in-depth analysis of the global Virtual Power Plant market forecast for the period 2020–2027.
• The report outlines the current virtual power plant market trends and future estimations of the market from 2019 to 2027 to understand the prevailing opportunities and potential investment pockets.
• The key drivers, restraints, and virtual power plant market opportunity and their detailed impact analysis is elucidated in the study.

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