Virtual Power Plant Market Share, Size, Future Demand, and Emerging Trends The virtual power plant market size was USD 3,367.7 million in 2022, and it will propel at a rate of 16.9% in the years to come, reaching USD 12,273.3 million by 2030, as per a market research company, P&S Intelligence. The demand response category had the largest share, about 65%, in the years to come, and it will maintain its dominance in the future. This is credited to the higher acceptance of this technology in developed countries, because of direct benefits provided to customers in shape of incentives for changing their power consumption; an increase in the necessity for energy consumption; and it lets users to contribute to the reduction of energy load during the periods of peak demand with the use of VPP software and solutions. Browse detailed - https://www.psmarketresearch.com/market-analysis/virtual-power-plant-market North America had the largest share, in excess of 40%, in the recent past, and it will lead the virtual power plant market in the near future. This is mostly because of the increasing capacity of renewable power projects, accompanied by the expansion of smart grid networks that are equipped with VPP technology, and the increasing acceptance rate of grid balancing solutions for, commercial, residential, and industrial consumers. It is because of the growing consciousness of benefits of renewable power, the demand for virtual power plants will increase in the near future.