Delray Beach, FL, Nov. 05, 2025 (GLOBE NEWSWIRE) -- The global Virtual Power Plant Market size is expected to grow from USD 1.9 billion in 2024 to USD 5.5 billion by 2029, at a CAGR of 23.4% according to a new report by MarketsandMarkets™. Virtual power plant systems are primarily used to integrate diverse renewable energy sources and enhance grid stability. They enable efficient management of decentralized energy resources, optimizing power generation and consumption in real-time. Virtual power plants are essential because they provide enhanced grid stability by optimizing and integrating diverse energy sources, contributing to increased energy efficiency and the seamless incorporation of renewable energy into power systems. This results in a more resilient and sustainable energy infrastructure.

The virtual power plant market is growing due to the increased adoption of renewable energy sources, advancements in energy storage technologies, and the need for grid flexibility, allowing for optimized integration of distributed energy resources and enhanced grid resilience. Growth in the smart grid directly influences the market. Additionally, factors such as an increasing share of renewable energy, declining costs of solar generation and energy storage, and a shift from centralized to distributed generation drive virtual power plant market expansion.

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Virtual Power Plant Market Scope:

Report CoverageDetailsMarket SizeUSD 5.5 billion by 2029Growth Rate23.4% of CAGRLargest MarketNorth AmericaMarket Dynamics