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Virtual Power Plant Market size be at Forefront size 2026 Virtual Power Plant Market size be at Forefront size 2026 BriefingWire.com, 5/05/2021 - Market Scenario Global Virtual Power Plant Market is expected to reach US$800 Mn by 2026 at a CAGR of 30.50% during the forecast period. Virtual Power Plant (VPP) refers to a cluster of small-scale generators, such as power (CHP) units and combined heat and, backup generator sets, biogas plants, which collectively act akin to a single large power plant. Virtual Power Plan Market The increase in residential energy storage system, as well as the increase in penetration of smart grid technologies, is some of the major driving factors expected to propel the virtual power plant market during the forecast period. Health concerns over high frequency human exposure of radio and electromagnetic waves hamper the potential of the market for different end users.

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