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Virtual Power Plant Market by Technology and Application: Global Opportunity Analysis and Industry Forecast, 2017 - 2023
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Opportunity Analysis and Industry Forecast, 2016-2023 Virtual Power Plant Market by Technology and Application: Global Opportunity Analysis and Industry Forecast, 2017 - 2023 • Pages: 180 Tables: 64 Charts: 26
Global virtual power plant market is expected to reach at $4,587 million by 2023, registering a CAGR of 25.9% from 2017 to 2023.
North America and Europe collectively accounted for more than four-fifths share of the global market • Asia-Pacific is expected to grow at a higher rate during the forecast period • The industrial segment accounted for around half the share of global market • Residential end users are expected to grow with a high CAGR
Key Findings of The Study • The industrial segment is expected to grow at a CAGR of 26.0% during the forecast period. • In Europe, Germany is estimated to grow at the highest CAGR of 26.0%, in terms of value. • Demand response technology segment occupied more than three-fifths of the global market share in 2016. • The U.S. accounted for over half of the global market in 2016, and is expected to continue its dominance till 2022.
Key Players of market: The major companies profiled in the report include, ABB Ltd., AGL Energy, AutoGrid Systems, Inc., Comverge, Inc., Enbala Power Networks, EnerNOC, Inc., General Electric Company, Siemens AG, Schneider Electric SE, Limejump Ltd., and others.
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