DUBLIN--(BUSINESS WIRE)--The "Virtual Power Plant Market by Technology, by Consumer, by Geography - Global Market Size, Share, Development, Growth, and Demand Forecast, 2013-2023" report has been added to ResearchAndMarkets.com's offering.
The market growth is mainly driven by the growing penetration of renewable energy sources in the energy mix across different parts of the world.
Demand response has been recording the highest share in the virtual power plant market, due to its lower development cost and higher operational efficiency. The technology also offers incentives to customers in the form of lower electricity bills in case the customers alter their electricity consumption during peak hours.
In terms of value, electric vehicles is expected to be the fastest growing consumer category in the virtual power plant market. The growing focus on the usage of pollution-free vehicles is boosting the demand for these vehicles in North America and Europe.
Globally, North America has been leading the global virtual power plant market in terms of value, with an estimated share of more than 40% in 2017. The U.S. and Canada are focusing more on the promotion of clean energy sources including wind, solar, and other renewable sources of electricity. Also, these countries are investing in the upgradation of power evacuation infrastructure through innovative technological solutions such as smart grids. The ongoing addition of renewable power projects along with the development of smart grids are likely to boost the virtual power plant market in North America.
Some of the major players operating in the global virtual power plant market are Enbala Power Networks, AutoGrid Systems Inc., Sunverge Energy Inc., AGL Energy Limited (AGL), Limejump Ltd, EnerNoc Inc., ENGIE Storage Services NA LLC, ABB Ltd., Schneider Electric SE, and Siemens AG.
Key Topics Covered
1. Research Background
2. Research Methodology
3. Executive Summary
5. Global Market Size and Forecast
6. North America Market Size and Forecast
7. Europe Market Size and Forecast
8. APAC Market Size and Forecast
9. MEA Market Size and Forecast
10. LATAM Market Size and Forecast
11. Competitive Landscape
12. Company Profiles
- Enbala Power Networks
- AGL Energy Limited (AGL)
- AutoGrid Systems Inc.
- Limejump Ltd.
- Sunverge Energy Inc.
- EnerNoc Inc.
- ENGIE Storage Services NA LLC
- ABB Group
- Schneider Electric SE
- Siemens AG
For more information about this report visit https://www.researchandmarkets.com/research/45rlwn/global_virtual?w=4