Virtual Power Plant Sector: Growth Drivers and Challenges
Growth Drivers
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Rising Demand for Renewable Energy
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Easy Implementation and Flexibility in Trading in Virtual Power Plants
Challenges
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High-Frequency Electromagnetic Radiation from Virtual Power Plants
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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 |
|
Browse key industry insights with market data tables & charts from the report:
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.
