Virtual Power Plant Market worth 709.2 Million USD by 2021

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Virtual Power Plant Market worth 709.2 Million
USD by 2021
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Demand Response the largest virtual power plant
market by technology Among the three major
technologies of virtual power plant solutions
demand response held the largest market share in
2015. This virtual power plant technology has
become more popular due to its various benefits
such as end users earn incentives by managing
power usage and also save electricity on a large
scale. The U.S. is the worlds first country to
implement demand response and thus North America
is the largest market for this technology as well
as for virtual power plant solutions as a whole.
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Commercial Industrial held the largest
application segment of virtual power plant
market Based on end-user, commercial
industrial have larger market for virtual power
plant solutions compared to residential end-user
segment. Industrial end-users are among the
highest adopters of virtual power plant solutions
and services and hence provide major contribution
to the market growth. The peak load of
electricity is highest in the petroleum refining
industry, followed closely 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. Request
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Browse gtgt 66 market data
tables 32 figures
144 pages and in-depth TOC on Virtual
Power Plant Market Early buyers will receive
10 customization on this report. This is a
Premium Report Priced at US 5650 for single
user. Corporate User US8150 This study
answers several questions for the stakeholders,
primarily which market segments to focus on in
the next two to five years to prioritize efforts
and investments.
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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. Request Sample _at_
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• Target Audience
• The target audience of this report includes
• Electric Utilities
• Smart Grid Hardware, Software Technology
  Vendors and Service Providers
• Distributed Energy Generation Solution Providers
• Demand Response Aggregators
• Microgrid Developers
• Smart Electric Meter Vendors
• Transmission System Operators
• Distribution Grid Operators
• Energy Storage Device/Equipment Manufacturers and
  Integrators
• Energy Regulatory Agencies
• Investors and Financial Community Professionals
• Government Agencies
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• Key players -
• 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. These
  include
• 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.)
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