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Virtual Power Plant Market Trends

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Report ID: 3033
Published Date: Dec 23, 2024
Report Format: PDF, PPT

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Virtual Power Plant Market Trends

Growth Drivers

Rising Demand for Renewable Energy
Easy Implementation and Flexibility in Trading in Virtual Power Plants

Restraints

High-Frequency Electromagnetic Radiation from Virtual Power Plants
Rising Cyber Security Attacks

Virtual Power Plant Market: Key Insights

Base Year	2024
Forecast Year	2025-2037
CAGR	26.9%
Base Year Market Size (2024)	USD 1.83 billion
Forecast Year Market Size (2037)	USD 40.5 billion
Regional Scope	North America (U.S., and Canada) Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific) Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Latin America (Mexico, Argentina, Brazil, Rest of Latin America) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:

Virtual Power Plant Market Size & Share, Growth Forecasts 2037

Author Credits: Dhruv Bhatia

Report ID: 3033
Published Date: Dec 23, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of virtual power plant is estimated at USD 2.25 billion.

Virtual Power Plant Market size was valued at USD 1.83 billion in 2024 and is likely to cross USD 40.5 billion by 2037, registering more than 26.9% CAGR during the forecast period i.e., between 2025-2037.

Asia Pacific industry is poised to hold largest revenue share by 2037, ascribed to rapid industrialization and rising energy demand by major economies in the region.

The major players in the market are AutoGrid Systems, Inc., Cisco Systems, Inc., Cpower, Flexitricity Limited, Schneider Electric, and others.

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