Virtual Power Plant Market will achieve at 29.68% CAGR up
to 2021
The global virtual power plant market is expected to grow from USD 193.4 million in 2016 to
USD 709.2 million by 2021, at a CAGR of 29.68% from 2016 to 2021. Virtual power plants are
employed to optimize power generation from existing sources, integrate various renewable
energy sources, and, ultimately, reduce the carbon footprint on the environment. Any growth in
the smart grid would directly impact the virtual power plant market.
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.
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The following are the major objectives of the study.
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To define and segment the virtual power plant market with respect to technology, end-
user, and region
To provide detailed information on major factors influencing the growth of the market
(drivers, restraints, opportunities, and industry-specific challenges)
To strategically analyze the virtual power plant market with respect to individual growth
trends, future expansions, and contribution to the market
To analyze market opportunities for stakeholders, and details of a competitive landscape
for market leaders
To forecast the growth of the virtual power plant market with respect to the major
geographical regions (Asia-Pacific, Europe, North America, and Rest of the World)
To strategically profile key players, and comprehensively analyze their market ranking and
core competencies
To analyze competitive developments such as new product launches, mergers &
acquisitions, expansions, and supply contracts in the virtual power plant market
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Critical questions the report answers: