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The virtual power plant market size is forecast to increase by USD 11.13 billion at a CAGR of 25.66% between 2023 and 2028. The virtual power plant (VPP) market is experiencing significant growth due to the increasing integration of renewable energy sources, such as wind, photovoltaic cells, geothermal systems, and micro hydropower, with electric power systems. This trend is driven by the global push towards decarbonization and electrification. The adoption of advanced technologies like artificial intelligence (AI), machine learning, and data analytics is also increasing in the VPP market, enhancing efficiency and reliability in power distribution. However, challenges persist, including the lack of expertise and inadequate infrastructure for managing and integrating these decentralized energy sources into the grid. Emergency generators play a crucial role in ensuring power reliability during grid instability or outages. Overall, the VPP market is poised for continued growth as the world transitions to more sustainable and decentralized power systems.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Technology
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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