VPP is a relatively new yet appealing idea that requires extensive study in order to be implemented. This paper offers a systematic overview of the literature on various VPP meanings, elements, and their relationships. An analysis of various optimization strategies seeks to enhance either the VPP structure or the VPP operation under consideration.

Governments from various regions are introducing initiatives to control the growth of pollution. Developed and developing countries’ governments are estimated to implement objectives, regulations, and favorable policies for electric vehicle deployment and its demand.

Growing implementation of test benches in various industrial applications, such as semiconductor and electronics, industrial manufacturing, and automotive are primarily influencing the market’s growth in the coming years.

The growth in demand for smart factory and Industry 4.0, the growing focus of manufacturers on reducing operational and maintenance costs, surging demand for FDM systems, and rising investments for FDM solutions by automation companies are the critical growth factors for the market in the coming years.

The growing implementation of battery-powered outdoor power equipment for maintaining gardening and lawns actions, growing landscaping services demand, and rising gardening activities across residential areas are the key factors driving the market’s growth.