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The global virtual power plant market is expected to grow from USD 193.4 million in 2016 to USD 709.2 million by 2021 Carson Wentz Eagles Jersey , at a CAGR of 29.68% from 2016 to 2021. Virtual power plants are employed to optimize power generation from existing sources, integrate various renewable energy sources, and, ultimately, reduce the carbon footprint on the environment. Any growth in the smart grid would directly impact the virtual power plant market.
To provide an in-depth understanding of the competitive landscape, the report includes profiles of some of the leading players in the virtual power plant solutions market, namely Brian Dawkins Eagles Jersey , ABB Ltd. (Switzerland), Siemens AG (Germany), Schneider Electric SE (France), General Electric Company (U.S.), EnerNOC, Inc. (U.S.), Comverge Randall Cunningham Eagles Jersey , Inc. (U.S.), Limejump Ltd. (U.K.), among others. Leading players are trying to penetrate the markets in developing economies and are adopting various strategies to increase their market share.
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Major strategies adopted by the players include contracts & agreements, new product launches, expansions & investments, mergers & acquisitions, and joint ventures & collaborations. Contracts & agreements was the most commonly adopted strategy from 2015 to October 2018. Industry players also adopted new product development Authentic Clayton Thorson Jersey , which was the second most widely followed strategy, during the same period. A key integrated solution provider has been highlighted in the paragraphs below.
APR Energy offers fast-track cost-efficient power generation solutions to independent utilities, industrial customers, and government institutions. The company offers power generation solutions through turnkey and customized approaches. APR Energy offers power solutions to mitigate power outages, improve grid optimization, and increase stabilization. The solutions offered by the company are used for a range of applications, including supplemental base load capacity Authentic Shareef Miller Jersey , natural disasters, seasonal peak shaving, backup for scheduled or unscheduled outages, dedicated industrial power, and grid stability and support.
View Report Summary -
The key players in power rental market have merger and acquisition activities carried out by these companies have helped them to expand their market share. In September 2018, United Rental entered in an agreement to acquire BlueLine Rental, a leading provider of rental equipment in US and Canada for construction and manufacturing industry. In July 2017 Authentic JJ Arcega-Whiteside Jersey , Aggreko acquired energy storage company Younicos to tap new markets and provide customers around the world with a reliable, cheaper, and cleaner source of energy.
Critical questions the report answers:
鈥?Where will all these developments take the industry in the mid to long term?
鈥?What are the upcoming industry applications for virtual power plants?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
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MarketsandMarkets鈩?provides quantified B2B research on 30,000 high growth niche opportunitiesthreats which will impact 70% to 80% of worldwide companies鈥?revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets鈩?for their painpoints around revenues decisions.
MarketsandMarkets鈥檚 flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200 Authentic Miles Sanders Jersey ,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
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