Global Virtual Power Plant Market (2017-2023): Key Players are IBM Corporation, Virtidity Energy, ABB, Hitachi, Schneider Electric & Siemens - Research and Markets

DUBLIN--()--The "Global Virtual Power Plant Market Insights, Opportunity Analysis, Market Shares and Forecast, 2017 -2023" report has been added to Research and Markets' offering.

Decreasing cost of solar energy generation is contributing towards the growth of the market. According to Solar Energy Industry Association, cost of solar energy installation is decreased by 60% in past 10 years (2008-2017). Factor attributing towards decrease in prices is increasing solar PV installation. In 2017 till date, in the U.S., total solar PV installation is around 13 GW that is expected to rise to 100 GW solar PV installation by the end of 2021 in the U.S.

Reducing prices of solar power is increasing the demand for solar power across the globe. The increasing demand for solar power has resulted into increase in installation of new solar power plant. Thus, the adoption of virtual power plant is expected to gradually rise in solar power generation. Hence, reducing solar energy installation cost is driving the growth in global virtual power plant market. In addition to driving factor there are factors such as adverse health effects due to radio frequency exposure is restricting the growth of the global virtual power plant market.

North America held the highest revenue share in 2016 in global virtual power plant market. Growth in North American virtual power plant market is mainly driven by rising adoption of solar energy by U.S. corporations such as Apple Inc., Walmart, Target, etc. The rising concern to generate solar energy is one of the key factor that is boosting the adoption of virtual power plant.

Companies Mentioned

  • ABB
  • Autogrid Systems, Inc.
  • Blue Pillar
  • Cisco Systems, Inc.
  • Enernoc
  • Flexitricity
  • General Electric
  • Hitachi
  • IBM Corporation
  • Open Access Technology International, Inc. (OATI)
  • Power Analytics
  • Robert Bosch
  • Schneider Electric
  • Siemens
  • Viridity Energy

Key Topics Covered:

1. Introduction

2. Market Overview

3. Market Determinants

4. Market Segmentation

5. Competitive Landscape

6. Geographical Analysis

7. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/2dc54r/global_virtual

Contacts

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press@researchandmarkets.com
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Related Topics: Electricity

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Electricity