Global Virtual Power Plants Strategic Business Report 2023-2030: Optimal Management of Renewable Energy Sources Throws the Spotlight on VPPs

Dublin, Oct. 13, 2023 (GLOBE NEWSWIRE) -- The "Virtual Power Plants - Global Strategic Business Report" report has been added to's offering.

Global Virtual Power Plants Market to Reach $3.7 Billion by 2030

The global market for Virtual Power Plants estimated at US$556.1 Million in the year 2022, is projected to reach a revised size of US$3.7 Billion by 2030, growing at a CAGR of 26.5% over the analysis period 2022-2030.

Demand Response, one of the segments analyzed in the report, is projected to record 26.2% CAGR and reach US$2.8 Billion by the end of the analysis period. Growth in the Distributed Generation segment is estimated at 24.5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $323.5 Million, While China is Forecast to Grow at 33.7% CAGR

The Virtual Power Plants market in the U.S. is estimated at US$323.5 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$231.2 Million by the year 2030 trailing a CAGR of 33.7% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 21.1% and 25.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 26.4% CAGR.

What`s New?

  • Special discussions on the global economic climate and market sentiment
  • Coverage on global competitiveness and key competitor percentage market shares
  • Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and trademarked research platform
  • Complimentary updates for one year
  • Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes


  • Virtual Power Plants - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Growing Investments in Energy Infrastructure: The Cornerstone for Growth in the Market
  • Growing Investments in Energy Infrastructure Provides a Launch Pad for the Rise & Proliferation of VPPs: Estimated Global Power Generation Infrastructure Requirement (in US$ Billion) for China, India, Latin America, and North America over the Period 2010-2030
  • How the Energy Industry is Impacted by the Pandemic & What's the New Normal?
  • Global Energy Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
  • Global Utilities Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
  • Beyond the Current Challenges, the Pandemic Will Fuel Our Energy Transition
  • Global Clean Technologies Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
  • Virtual Power Plants (VPPs): Meaning, Importance, Functioning & Benefits
  • Recent Market Activity
  • Innovations


  • Distributed Energy Generation: A Key Energy Transformation Goal & Foundation for the Rise of the Concept of Virtual Power Plants (VPPs)
  • Role of Virtual Power Plants (VPP) in a Decentralized Power Grid
  • Growing Value of Demand Response (DR) Throws the Focus on VPPs as an Effective Tool to Achieve DR Goals
  • Rise of Smart Cities & Smart Grids Bodes Well for Increased Investments in VPPs
  • Smart Cities Get a COVID-19 Boost
  • Focus on Reshaping City Resilience to Future Pandemics & Crisis Will Spur Rejuvenated Spending on Smart City Projects in the Post COVID-19 Period, Providing a Goldmine of Opportunities for VPPs: Global Smart City Spending (In US$ Billion) for the Years 2021, 2024 & 2027
  • Smart Grid: A Critical Part of Energy Infrastructure in Smart Cities & a Strong Business Case for VPPs
  • Global Smart Grid Market Opportunity (In US$ Billion) for Years 2021, 2023 & 2024
  • Growing Digitalization of Energy to Further Spur the Rise of VPPs
  • COVID-19 Fast-Forwards Digital Revolution Across Industries
  • Over 60% of Companies in North America, Europe & Asia Expect to Witness Higher Velocity of Change in Digital Transformation During the Years 2020 through 2023: Global Digital Transformation Growth (In %)
  • Special Focus on Energy Digitalization
  • Global Opportunities for Digital Technologies in the Energy Industry by Segment (In US$ Billion)
  • IoT Makes Electricity Generation Efficient, Affordable and Sustainable: Global IoT in Energy Market (In US$ Billion) for the Years 2019, 2021, 2023, 2025 & 2026
  • Optimal Management of Renewable Energy Sources Throws the Spotlight on VPPs
  • Rise of Renewables Throws the Spotlight on VPPs: Global Projected Net Capacity Additions of Renewable Energy (In GW) for the Period 2019 to 2024
  • Growing Share of Renewables Against the Backdrop of the Focus on Decarbonization of Human Civilization to Open New Opportunities for VPPs: World Energy Production (In Billion Kilowatt Hours) by Energy Source for the Years 2020, 2030 and 2040
  • Concept of Blockchain-Based Decentralized Virtual Power Plants Gains Momentum & Preeminence
  • Global Market for Blockchain Technology in the Energy Sector (In US$ Billion) for Years 2020, 2022, 2024 & 2026
  • Rise in Energy Trading to Benefit Market Growth


  • IBM Corporation
  • Siemens AG
  • General Electric Company
  • Schneider Electric SE
  • Open Access Technology International, Inc.
  • Enel X North America, Inc.
  • ENBALA Power Networks, Inc.
  • EnBW Energie Baden-Wuerttemberg AG
  • Advanced Microgrid Solutions (AMS)
  • Blue Pillar, Inc.
  • Power Analytics Corporation
  • AGL Energy Ltd.
  • Energy Pool Developpement SAS
  • Power Technology Engineered Solutions
  • Equiwatt

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