Market Research Report
Global Virtual Power Plant Market, Forecast to 2022
|Published by||Frost & Sullivan||Product code||498183|
|Published||Content info||76 Pages
Delivery time: 1-2 business days
|Global Virtual Power Plant Market, Forecast to 2022|
|Published: April 28, 2017||Content info: 76 Pages||
Changing Consumer Roles in the Utility Industry will Spur the Demand for Virtual Power Plant Solutions
This research service analyzes the Virtual Power Plant (VPP) market by end users (demand management, power trading), region (North America, Europe, Asia-Pacific, and Rest-of-world), trends, and revenue forecast till 2022. VPP promises significant improvements in grid reliability and resilience and early adoption has taken place in Western Europe and North America. This research service hopes to solve issues around peak power demand and facilitate the adoption of distributed energy resources. This study also discusses key trends and analyzes the implemented business models (supply-side, demand-side, and mixed-asset models) for VPP across the globe. Additionally, there is also focus on the top participants in the global market such as ABB, Next Kraftwerke, Siemens, VPP Intelligent Energy, Enbala Power Networks, and AutoGrid, Viridity Energy. The study also discusses the growth opportunities for companies in the global VPP market along with strategic imperatives for success and growth for the companies.
VPP solutions aggregate all the distributed energy resources along the grid. Traditional utility business models are likely to be disrupted due to growing Distributed Energy Resources (DERs) along the grid. A number of different vendors together contribute to the value chain of a VPP system. These include solar Photovoltaic (PV) companies, battery storage providers, wind turbine manufacturers, demand response companies, software solution providers, communication vendors, and building energy management solution providers.
The study period is from 2016 to 2022, with 2016 as the base year. The forecast period is from 2017 to 2022. Frost & Sullivan's revenue estimation represents only the software component of the virtual power plant solution and does not include power-plant systems such as PV panels, wind turbines, fuel cells, batteries, and other components. Market information for the base year has been obtained from both primary and secondary research data and analyses. Key trends and information on market size, tiers of competition, and other variables are based on discussions with key industry stakeholders in the value chain.