Virtual Power Plant Market Size, Share, By Technology (Distribution Generation, Demand Response, and Mixed Asset), By Source (Renewable Energy, Energy Storage, and Cogeneration), By End-User (Utilities, Commercial, Industrial, and Residential), and Region (North America, Europe, Asia Pacific, Middle East and Africa, and South America) - Trends, Analysis and Forecast till 2034

Increasing use of distributed energy resources (DERs):

• The advent of DERs, such as smart appliances, rooftop solar panels, electric vehicles, and energy storage devices, has produced a complex, decentralized energy environment. By utilizing this distributed infrastructure, VPPs may effectively pool and oversee resources to form a single, centralized entity that can participate in energy markets and grid operations. With this integration, renewable energy sources can be used more efficiently, the grid can handle peak demand less stress, and DER owners can make more money.