Global Virtual Power Plant Market Size & Outlook
The global virtual power plant market size was estimated at USD 5,005.8 million in 2024 and is projected to reach USD 16,654.8 million by 2030, growing at a CAGR of 22.3% from 2025 to 2030.
Revenue, 2024 (US$M)
$5,005.8
Forecast, 2030 (US$M)
$16,654.8
CAGR, 2025 - 2030
22.3%
Report Coverage
Worldwide
Global virtual power plant market, 2018-2030 (US$M)
Related Markets
Global virtual power plant market highlights
- The global virtual power plant market generated a revenue of USD 5,005.8 million in 2024 and is expected to reach USD 16,654.8 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 22.3% by 2030.
- In terms of segment, demand response accounted for a revenue of USD 2,901.6 million in 2024.
- Mixed Asset is the most lucrative technology segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2024.
- Country-wise, Australia is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 5,005.8 million |
| Market revenue in 2030 | USD 16,654.8 million |
| Growth rate | 22.3% (CAGR from 2025 to 2030) |
| Largest segment | Demand response |
| Fastest growing segment | Mixed Asset |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Distributed Energy Resource, Demand Response, Mixed Asset |
Other key industry trends
- In terms of revenue, the North America accounted for 37.2% of the global virtual power plant market in 2024.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Australia is the fastest growing regional market and is projected to reach USD 656.5 million by 2030.
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Virtual Power Plant Market Scope
Virtual power plant market segmentation & scope
Virtual Power Plant Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Sunverge Energy | View profile | 51-100 | San Francisco, California, United States, North America | https://www.sunverge.com/ |
| Limejump | View profile | 11-50 | London, England, United Kingdom, Europe | http://www.limejump.com |
| Autogrid | View profile | 101-250 | Redwood City, California, United States, North America | http://www.auto-grid.com |
| Next Kraftwerke | View profile | 251-500 | Cologne, Nordrhein-Westfalen, Germany, Europe | https://www.next-kraftwerke.com |
| Siemens | View profile | 10001+ | Munich, Bayern, Germany, Europe | https://www.siemens.com |
| Toshiba Corporation | View profile | 10001+ | Tokyo, Tokyo, Japan, Asia | http://www.toshiba.com/tai/ |
| Centrica PLC | View profile | 21014 | Maidenhead Road, Millstream, Windsor, Berkshire, United Kingdom, SL4 5GD | https://www.centrica.com |
| Tesla Inc | View profile | 140473 | 1 Tesla Road, Austin, TX, United States, 78725 | https://www.tesla.com |
| ABB Ltd | View profile | 108700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | https://www.abb.com |
| Hitachi Ltd | View profile | 322525 | 6-6, Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8280 | http://www.hitachi.com |
Global virtual power plant market size, by regions, 2018-2030 (US$M)
Top 10 countries: Virtual power plant market size, 2024 (US$M)
Global virtual power plant market share, by technology, 2024 & 2030 (%, US$M)
Virtual power plant market: Opportunity assessment by country
Global virtual power plant market, by region, 2024 (US$M)
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