Global Virtual Power Plant (VPP) Market Report 2023: Featuring ABB, AGL Energy, AutoGrid, Blue Pillar and Cisco System Among Others - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Virtual Power Plant (VPP) Market Report 2023-2033" report has been added to ResearchAndMarkets.com's offering.

This report will prove invaluable to leading firms striving for new revenue pockets if they wish to better understand the industry and its underlying dynamics. It will be useful for companies that would like to expand into different industries or to expand their existing operations in a new region.

Virtual Power Plants are Gaining Importance in the Power Distribution Sector

Electricity supply and demand must be matched, and any imbalance between them can disrupt the frequency and affect power quality, causing power outages and other problems. In the past, power companies adjusted supply by controlling thermal and hydroelectric power generation based on precise calculations.

However, as renewable energies such as solar and wind power generation, which are difficult to control, become the main source of power, the challenge is to secure the capability to adjust these sources. With this background, virtual power plants (VPPs) are attracting attention.

The VPP bundles and remotely controls distributed power resources such as solar power generation facilities, storage batteries, and electric vehicles owned by consumers. VPPs are also expected to further enhance disaster resilience.

VPPs connect large storage batteries via a network to not only renewable energy sources such as solar and wind power generation, but also distributed energy resources such as private power generation facilities of consumers in buildings and factories, as well as fuel cells, and aggregate, control, and remotely integrate and manage them using IoT.

Energy supply and demand optimization technology stabilises the power of the entire network and controls surpluses, allowing the system to function as a power plant, supplying power to other consumers and the network in an emergency.

Segments Covered in the Report

by Component

• Energy Generation Technology
• Energy Storage Technologies
• Information Communication Technology (ICT)

by End-User

• Industrial VPP
• Commercial VPP
• Residential VPP
• Other End-User

by Information Communication Technology (ICT)

• Energy Management Systems (EMS)
• Supervisory Control and Data Acquisition (SCADA)
• Distribution Management System (DMS)
• Smart Meters
• Other Information Communication Technology (ICT)

by Energy Generation Technology

• Wind Based Energy Generation
• Small Hydro-Plants
• Solar Production
• Combined Heat and Power (CHP)
• Small Power Plants
• Other Energy Generation Technology

by Energy Generation Technology

• Battery Energy Storage System (BESS)
• Supercapacitor Energy Storage (SCES)
• Super Conductor Magnetic Energy Storage (SMES)
• Hydraulic Pumped Energy Storage (HPES)
• Flywheel Energy Storage (FWES)
• Other Energy Storage Technology

Leading companies and the potential for market growth

• ABB Ltd.
• AGL Energy Ltd
• AutoGrid
• Blue Pillar
• Cisco Systems, Inc.
• Enel S.P.A
• Enernoc, Inc.
• General Electric Company
• Hitachi, Ltd.
• International Business Machines Corporation
• Next Kraftwerke
• Robert Bosch GmbH
• Schneider Electric SE
• Siemens AG
• Toshiba Corporation

Overall world revenue for Virtual Power Plant (VPP) Market, 2023 to 2033 in terms of value the market will surpass US$520.7 million in 2023, this work calculates. We predict strong revenue growth through to 2033. this work identifies which organizations hold the greatest potential. Discover their capabilities, progress, and commercial prospects, helping you stay ahead.

How will the Virtual Power Plant (VPP) Market, 2023 to 2033 report help you?

In summary, this 340+ page report provides you with the following knowledge:

• Revenue forecasts to 2033 for Virtual Power Plant (VPP) Market, 2023 to 2033 Market, with forecasts for component, end-user, Information communication technology (ICT), energy generation technology, energy generation technology and company size, each forecast at a global and regional level - discover the industry's prospects, finding the most lucrative places for investments and revenues.
• Revenue forecasts to 2033 for four regional and 20 key national markets - See forecasts for the Virtual Power Plant (VPP) Market, 2023 to 2033 market in North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. Also forecasted is the market in the US, Canada, Mexico, Brazil, Germany, France, UK, Italy, China, India, Japan, and Australia among other prominent economies.
• Prospects for established firms and those seeking to enter the market - including company profiles for 15 of the major companies involved in the Virtual Power Plant (VPP) Market, 2023 to 2033.

For more information about this report visit https://www.researchandmarkets.com/r/awuc98

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