Global Virtual Power Plant (VPP) Software as a Service Market Overview:
A virtual power plant is a system that combines multiple different types of power sources to generate a consistent overall power supply. Virtual power plant (VPP) software as a service is being adopted by energy operators because it is more dependable, accurate, and enables highly optimised planning and dispatch. A virtual power plant includes a central IT control system and distributed energy resources. A virtual power plant (VPP) is a decentralised power generation network. The VPP is intended to relieve grid strain by intelligently distributing the electricity provided by individual units during peak demand periods.
Growth Drivers
- Rising Adoption of Virtual Power Network (VPP)
Roadblocks
- Lack of Awareness about Virtual Power Plant (VPP)
Opportunities
- Big Data Architecture, Advanced Analytics, and Machine Learning (ML)
- Rising Demand for Virtual Power Plant (VPP)
Challenges
- Reduce Deployment Costs Owing To Its Modular Architecture and Easy Configurability
Competitive Landscape:
Companies in the market are concentrating on providing better client experiences. Competitiveness is also boosted by technological advancements in networking.
Some of the key players profiled in the report are Viridity Energy (United States), Sunverge Energy, Inc. (United States), ENGIE (United States), Energy & Meteo Systems GmbH (Germany), AutoGrid Systems (United States), Advanced Microgrid Solutions (United States), Green Charge (United States), Enbala Networks (United States) and Stem Inc. (United States). Additionally, following companies can also be profiled that are part of our coverage like GreenSync Pty Ltd. (Australia) and Next Kraftwerke GmbH (Germany). Analyst at AMA Research see United States Players to retain maximum share of Global Virtual Power Plant (VPP) Software as a Service market by 2026.
Considering Market by , the sub-segment i.e. will boost the Virtual Power Plant (VPP) Software as a Service market.In September, 2021: AutoGrid Systems Inc., announced that Clean Power Alliance (CPA) of California, utilizing the company’s VPP solutions and scheduling coordinator services in California ISO (CAISO). The agreement delivers improved capabilities to CPA's Power Response Program, which will help to stabilise California's power grid infrastructure, contribute to cleaner energy across the state, and promote positive climate change.
What Can be Explored with the Virtual Power Plant (VPP) Software as a Service Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Virtual Power Plant (VPP) Software as a Service Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Virtual Power Plant (VPP) Software as a Service
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Virtual Power Plant (VPP) Software as a Service market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Virtual Power Plant (VPP) Software as a Service market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes End-Use Industries, Energy Regulatory Agencies and Government Agencies.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.