With 26.5% of CAGR, Virtual Power Plant Market size to surpass USD 4.61 billion by 2030
The Global Virtual Power Plant Market size was valued at USD 703.47 Million in 2022 and is projected to reach USD 4.61 Billion by 2030, growing at a CAGR of 26.5% from 2023 to 2030. A virtual power plantis a cloud-based distributed power plant that aggregates the capacities of heterogeneous distributed energy resources to enhance power generation, trading or selling power on the electricity market, and demand side options for load reduction.