DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Virtual Power Plant Market - Global Trends & Forecasts to 2021" report to their offering.
The virtual power plant market is projected to reach USD 709.2 million by 2021, at a CAGR of 29.68% from 2016 to 2021.
Virtual power plant are used in the industrial, commercial and residential sector which includes residential buildings, commercial building such as hospitals, educational institutions, office towers, municipalities, universities, among others. Increasing share of renewable energy in the power generation mix, growth in smart grid, and lowering costs for solar and energy storage would drive the Virtual power plant market. But few factors such as health safety concerns regarding Electromagnetic Frequency (EMF) and Radio Frequency (RF) exposure could restrain the market growth of virtual power plants.
With regard to the technology segment, mixed asset are expected to constitute the fastest growing market from 2016 to 2021. Mixed asset includes multiple technologies such as solar power, battery storage, and energy efficiency systems which helps in storing energy through off peak hours and thus reducing the energy consumption by energy efficient systems as well as supply clean power.
- ABB, Ltd.
- Autogrid Systems, Inc.
- Blue Pillar
- Cisco Systems, Inc.
- Enernoc, Inc
- Flexitricity Limited
- General Electric
- Hitachi, Ltd.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Virtual Power Plant Market, By Technology
8 Virtual Power Plant Market, By End-User
9 Virtual Power Plant Market, By Region
10 Competitive Landscape
11 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/5pmjqp/virtual_power