Market Executive Summary

The global Virtual Power Plant (VPP) market is projected to grow from US$ 1333 million in 2024 to US$ 4885 million by 2030, at a Compound Annual Growth Rate (CAGR) of 24.2% during the forecast period.

Global core virtual power plant (VPP) manufacturers include Schneider Electric (AutoGrid), Siemens, Generac (Enbala), GE Digital Energy and ABB. The top 5 companies hold a share about 56%. Europe is the largest market, with a share over 50%, followed by Asia Pacific and North America with the share about 25% and 20%.  

Based on the product type, the Virtual Power Plant (VPP) is primarily split into OC Model and FM Model. FM model is the largest segment, with a share over 50%. Based on the Virtual Power Plant (VPP) application, the Virtual Power Plant (VPP) market is segmented into several major parts, like Commercial, Industrial and Residential. The largest application is commercial, followed by residential.

A virtual power plant (VPP) is a cloud-based distributed power plant that aggregates the capacities of heterogeneous distributed energy resources (DER) for the purposes of enhancing power generation, as well as trading or selling power on the electricity market. A Virtual Power Plant (VPP) is an aggregated portfolio of Distributed Energy Resources and Controllable Loads into energy blocks which can be used to participate in Energy Markets and offer Services to the System Operator. 

Report Includes

This report presents an overview of global market for Virtual Power Plant (VPP) market size. Analyses of the global market trends, with historic market revenue data for 2019 - 2023, estimates for 2024, and projections of CAGR through 2030.

This report researches the key producers of Virtual Power Plant (VPP), also provides the revenue of main regions and countries.  of the upcoming market potential for Virtual Power Plant (VPP), and key regions/countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.

This report focuses on the Virtual Power Plant (VPP) revenue, market share and industry ranking of main companies, data from 2019 to 2024. Identification of the major stakeholders in the global Virtual Power Plant (VPP) market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.

This report analyzes the segments data by Type and by Application, revenue, and growth rate, from 2019 to 2030. Evaluation and forecast the market size for Virtual Power Plant (VPP) revenue, projected growth trends, production technology, application and end-user industry.

Descriptive company profiles of the major global players, including Ørsted, Duke Energy, RWE, Enbala, Bosch, GE Digital Energy, EnerNOC, Schneider Electric?AutoGrid?, Siemens, Viridity Energy, etc.

Global Virtual Power Plant (VPP) Companies Covered

Ørsted, Duke Energy, RWE, Enbala, Bosch, GE Digital Energy, EnerNOC, Schneider Electric?AutoGrid?, Siemens, Viridity Energy.

Global Virtual Power Plant (VPP) Market, Segment by Type

OC Model

FM Model

Global Virtual Power Plant (VPP) Market, Segment by Application

Commercial

Industrial

Residential

Chapter Outline

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: Revenue of Virtual Power Plant (VPP) in global and regional level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world. This section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.

Chapter 3: Detailed analysis of Virtual Power Plant (VPP) companies’ competitive landscape, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by Type, covering the revenue, and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 5: Provides the analysis of various market segments by Application, covering the revenue, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6: North America (US & Canada) by Type, by Application and by country, revenue for each segment.

Chapter 7: Europe by Type, by Application and by country, revenue for each segment.

Chapter 8: China by Type, and by Application, revenue for each segment.

Chapter 9: Asia (excluding China) by Type, by Application and by region, revenue for each segment.

Chapter 10: Middle East, Africa, and Latin America by Type, by Application and by country, revenue for each segment.

Chapter 11: Provides profiles of key companies, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Virtual Power Plant (VPP) revenue, gross margin, and recent development, etc.

Chapter 12: Analyst's Viewpoints/Conclusions