France Virtual Power Plant Market Size & Outlook
France virtual power plant market, 2018-2030 (US$M)
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France virtual power plant market highlights
- The France virtual power plant market generated a revenue of USD 237.1 million in 2023 and is expected to reach USD 965.7 million by 2030.
- The France market is expected to grow at a CAGR of 22.2% from 2024 to 2030.
- In terms of segment, demand response was the largest revenue generating technology in 2023.
- Mixed Asset is the most lucrative technology segment registering the fastest growth during the forecast period.
Virtual power plant market data book summary
| Market revenue in 2023 | USD 237.1 million |
| Market revenue in 2030 | USD 965.7 million |
| Growth rate | 22.2% (CAGR from 2023 to 2030) |
| Largest segment | Demand response |
| Fastest growing segment | Mixed Asset |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Distributed Energy Resource, Demand Response, Mixed Asset |
| Key market players worldwide | Siemens, Toshiba Corporation, Next Kraftwerke, Hitachi Ltd, ABB Ltd, Tesla Inc, Autogrid, Limejump, Sunverge Energy, Centrica PLC |
Other key industry trends
- In terms of revenue, France accounted for 5.7% of the global virtual power plant market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany virtual power plant market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 965.7 million by 2030.
Demand response was the largest segment with a revenue share of 48.38% in 2024. Horizon Databook has segmented the France virtual power plant market based on distributed energy resource, demand response, mixed asset covering the revenue growth of each sub-segment from 2018 to 2030.
The France virtual power plant market is expected to grow rapidly in the coming years. The virtual power plant market in France is driven by innovative energy solutions catering to its digitally savvy population. This reflects France's commitment to sustainable energy development and digital transformation in the energy sector.
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Virtual Power Plant Market Scope
Virtual Power Plant Market Companies
| Name | Profile | # Employees | HQ | Website |
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France virtual power plant market size, by technology, 2018-2030 (US$M)
France Virtual Power Plant Market Outlook Share, 2024 & 2030 (US$M)
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