Energy and Power Virtual Power Plant Market | Page 2

by the chemical industry. This growth is attributed to rapidly increasing industrial activities
especially in Asia-Pacific & rising focus on renewable energy in developed countries like the U.S.
North America: The leading market for virtual power plant solutions
The North American region holds the largest market for virtual power plant solutions, driven by
rapidly growing use of renewables in order to reduce carbon footprint, shift from centralized to
distribution generation and decline in costs of solar PV and battery energy storage would propel
the market growth. The other major drivers include increasing power demand, and strict
government regulations on energy efficiency.
To provide an in-depth understanding of the competitive landscape, the report includes profiles
of some of the leading players in the virtual power plant solutions market, namely, ABB Ltd.
(Switzerland), Siemens AG (Germany), Schneider Electric SE (France), General Electric Company
(U.S.), EnerNOC, Inc. (U.S.), Comverge, Inc. (U.S.), Limejump Ltd. (U.K.), among others. Leading
players are trying to penetrate the markets in developing economies and are adopting various
strategies to increase their market share.
About MarketsandMarkets
MarketsandMarkets provides quantified B2B research on 30,000 high growth niche
opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently
servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as
clients. Almost 75,000 top officers across eight industries worldwide approach
MarketsandMarkets for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth
markets following the "Growth Engagement Model – GEM". The GEM aims at proactive
collaboration with the clients to identify new opportunities, identify most important customers,
write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the
company and its competitors. MarketsandMarkets now coming up with 1,500 MicroQuadrants
(Positioning top players across leaders, emerging companies, innovators, strategic players)
annually in high growth emerging segments. MarketsandMarkets is determined to benefit more
than 10,000 companies this year for their revenue planning and help them take their
innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT"
connects over 200,000 markets and entire value chains for deeper understanding of the unmet
insights along with market sizing and forecasts of niche markets.