Middle East & Africa Virtual Power Plant Market Size & Outlook
The virtual power plant market in Middle East & Africa is expected to reach a projected revenue of US$ 1,857.4 million by 2030. A compound annual growth rate of 24.4% is expected of Middle East & Africa virtual power plant market from 2025 to 2030.
Revenue, 2024 (US$M)
$500.4
Forecast, 2030 (US$M)
$1,857.4
CAGR, 2025 - 2030
24.4%
Report Coverage
Middle East & Africa
Related Markets
MEA virtual power plant market highlights
- The MEA virtual power plant market generated a revenue of USD 500.4 million in 2024.
- The market is expected to grow at a CAGR of 24.4% from 2025 to 2030.
- In terms of segment, demand response was the largest revenue generating technology in 2024.
- Mixed Asset is the most lucrative technology segment registering the fastest growth during the forecast period.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2025 to 2030.
MEA data book summary
| Market revenue in 2024 | USD 500.4 million |
| Market revenue in 2030 | USD 1,857.4 million |
| Growth rate | 24.4% (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 |
| 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, MEA region accounted for 10.0% of the global virtual power plant market in 2024.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,395.3 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
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 |
MEA virtual power plant market size, by country, 2018-2030 (US$M)
Middle East & Africa Virtual Power Plant Market Outlook Share, 2024 & 2030 (US$M)
Related statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
