The Market Reports

Synopsis

The global market for Virtual Power Plant was estimated to be worth US$ 1333 million in 2024 and is forecast to a readjusted size of US$ 5947 million by 2031 with a CAGR of 24.2% during the forecast period 2025-2031.

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. A Virtual Power Plant (VPP) is an aggregated portfolio of Distributed Energy Resources and Controllable Loads into energy blocks which can be used to participate in Energy Markets and offer Services to the System Operator.

Global core virtual power plant manufacturers include Generac (Enbala), Schneider Electric (AutoGrid), Siemens, GE Digital Energy, ABB, etc. The top 5 companies hold a share about 55%. Europe is the largest market, with a share over 51%, followed by North America and China, with share about 21% and 14%. In terms of product type, FM Model is the largest segment with a share of 53%. And in terms of application, the largest application is commercial, occupied for 44 percent.

This report aims to provide a comprehensive presentation of the global market for Virtual Power Plant, focusing on the total sales revenue, key companies market share and ranking, together with an analysis of Virtual Power Plant by region & country, by Type, and by Application.

The Virtual Power Plant market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Virtual Power Plant.

Market Segmentation

By Company

• Ørsted
• Duke Energy
• RWE
• Enbala
• Bosch
• GE Digital Energy
• EnerNOC
• Schneider Electric（AutoGrid）
• Siemens
• Viridity Energy

Segment by Type

• OC Model
• FM Model

Segment by Application

• Commercial
• Industrial
• Residential

Segment by Region

• North America: United States, Canada, and Mexico
• Europe: United Kingdom, Germany, France, Spain, Italy, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, and Rest of Asia Pacific
• Middle East & Africa: Saudi Arabia, South Africa, and Rest of MEA
• Latin America: Brazil, Argentina, and Rest of Latin America

*If you need a regional or country-specific version, or customized segmentation, we can tailor the report to your requirements.