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.
Market Analysis and Insights: Global Virtual Power Plant (VPP) Market
The global Virtual Power Plant (VPP) market size is projected to reach US$ 2708.3 million by 2028, from US$ 601.3 million in 2021, at a CAGR of 23.7% during 2022-2028.

On the basis of product

type, FM Model represent the largest share of the worldwide Virtual Power Plant market, with 52% share. In the applications, Commercial segment is estimated to be the largest end-use industry segment of the market, with 38% share of global market. Europe holds the major share in the market, with a share of 56%.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Virtual Power Plant (VPP) market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Virtual Power Plant (VPP) market in terms of revenue.
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Global Virtual Power Plant (VPP) Scope and Market Size
Virtual Power Plant (VPP) market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Virtual Power Plant (VPP) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
OC Model
FM Model
Segment by Application
Commercial
Industrial
Residential
By Company
Ørsted
Duke Energy
RWE
Enbala
Bosch
GE Digital Energy
EnerNOC
Schneider Electric（AutoGrid）
Siemens
Viridity Energy
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA