Press Release

United States Virtual Power Plant Market to Grow at an Impressive Rate until 2025

Growing awareness in the market concerning the opportunities in renewable energy to drive the growth of United States virtual power plant market

According to TechSci Research report, United States Virtual Power Plant Market By Technology (Demand Response, Distributed Generation, Mixed Asset), By End User (Residential, Commercial, Industrial (Petroleum Refining, Chemicals Industry, Metals & Mining, Others), By Source (Renewables, CHP, Energy Storage, Other Local Generation), By Component (Software vs. Service), By Company, By Region, Forecast & Opportunities, 2025, the United States virtual power plant market is expected to grow at an impressive rate during the forecast period on account of increasing penetration of smart grid technologies. Additionally, ongoing technological advancements in the power generation sector are further expected to create lucrative opportunities for the market growth. Moreover, easy accessibility of energy storage is further estimated to aid the growth of US virtual power plant market over the coming years. Changes in dynamics of power grids from being centralized to distributed is propelling the market growth. Furthermore, moderating costs coupled with easy accessibility of energy storage are some other factors that are projected to aid the growth of market in the country through 2025. Besides this, there is an emerging shift towards adoption of electric vehicles which is further boosting the market growth. Due to the promotion of intelligent office buildings and smart grids, the virtual power plant market is anticipated to rev up during the next 5 years. However, the factor that might act as major impediment to the growth of US virtual power plant market during the forecast period is health concerns over high frequency human exposure of electromagnetic and radio waves.

Browse XX market data Tables and XX Figures spread through XXX Pages and an in-depth TOC on " United States Virtual Power Plant Market"

https://www.techsciresearch.com/report/united-states-virtual-power-plant-market/4826.html

The United States virtual power plant market is segmented based on technology, end user, source, component, company and region. Based of technology, the market is fragmented into demand response, distributed generation and mixed asset. Out of these, the demand response segment dominated the market until 2019 and is projected to maintain its dominance in the market during the forecast period as well. This is mainly due to various advantages it offers, which include peak load management and earning incentives by participating in demand response program. Also, the mixed asset segment is forecast to register high growth in the years to come which can be attributed to its efficiency in reducing energy consumption as well as suppling clean power in targeted ways. This is expected to drive the segmental growth. In terms of source, the market is segregated into renewables, CHP, energy storage, other local generation. Out of these, the renewable segment is expected to dominate the market oner the coming years, on account of surging requirement for renewable energy in power generation sector.

EnerNOC, Inc., Comverge, Cpower, ABB Ltd, Siemens AG, Schneider Electric SE, General Electric Company, Flexitricity Limited, AGL Energy and others are some of the leading players operating in United States virtual power plant market. The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their market share.

Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=4826

Customers can also request for 10% free customization on this report.

“The United States virtual power plant market is expected to grow at a high pace during the forecast period. The market is expected to grow significantly on account of expanding infrastructure and industrial sectors. In addition to this, extensive use of these solutions in commercial as well as residential sectors is further expected to fuel the market in the country during the forecast period.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“United States Virtual Power Plant Market By Technology (Demand Response, Distributed Generation, Mixed Asset), By End User (Residential, Commercial, Industrial (Petroleum Refining, Chemicals Industry, Metals & Mining, Others), By Source (Renewables, CHP, Energy Storage, Other Local Generation), By Component (Software vs. Service), By Region, Forecast & Opportunities, 2025”, has evaluated the future growth potential of United States virtual power plant market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in United States virtual power plant market.

Contact

Mr. Ken Mathews

708 Third Avenue,

Manhattan, NY,

New York – 10017

 

Tel: +1-646-360-1656

 

Email: sales@techsciresearch.com

Relevant News