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Market Research Report

GLOBAL VIRTUAL POWER PLANT MARKET FORECAST 2018-2026

Published by Inkwood Research Product code 612362
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GLOBAL VIRTUAL POWER PLANT MARKET FORECAST 2018-2026
Published: March 12, 2018 Content info: 145 Pages
Description

KEY FINDINGS

Driven by a growing demand for a cloud-based energy management system and a rapid shift to distributed generation, the global virtual power plant market is slated to showcase a CAGR of 26.65% for the forecast years of 2018-2026. Increasing renewable energy development in emerging countries and the on-going development of smart grids are factors that could significantly propel the market ahead.

MARKET INSIGHTS

The Global Virtual Power Plant market's segment includes end-users and technology. The End-users for this market can be classified as both commercial and industrial or residential end-users. The Virtual Power Plant technology segment comprises of mixed assets, demand response and distributed generation. Demand Response is a popular technology in this market. Increasing renewable energy development in emerging countries could present this market with abundant growth opportunities.

REGIONAL INSIGHTS

Asia-Pacific, Europe, North America and rest of world are the regions according to which the geographical segmentation of the global virtual power plant market has been done. While the Asia-Pacific is expected to be the fastest growing region, North America is expected to generate the highest revenue share. Virtual power plants are increasingly being installed in North America owing to its wide-scale adoption. Several organizations are focused on optimizing the energy distribution in a cost-effective manner while simultaneously minimizing any wastage of energy.

COMPETITIVE INSIGHTS

Acquisitions or mergers are the primary strategy adopted by market players like Autogrid Systems Inc, Abb Ltd, Blue Pillar, Enernoc (Acquired By Enel Green Power North America, Inc.), Cisco Systems Inc, General Electric, Flexitricity Limited (Acquired By Alpiq), Hitachi Ltd, IBM Corporation, Power Analytics Corporation (Causam Energy), Open Access Technology International Inc, Robert Bosch, Siemens, Schneider Electric, Viridity Energy (Acquired By Ormat Technologies), and Enbala.

Table of Contents
Product Code: 14897

Table of Contents

1. RESEARCH SCOPE

  • 1.1. STUDY GOALS
  • 1.2. SCOPE OF THE MARKET STUDY
  • 1.3. WHO WILL FIND THIS REPORT USEFUL?
  • 1.4. STUDY AND FORECASTING YEARS

2. RESEARCH METHODOLOGY

  • 2.1. SOURCES OF DATA
    • 2.1.1. SECONDARY DATA
    • 2.1.2. PRIMARY DATA
  • 2.2. TOP DOWN APPROACH
  • 2.3. BOTTOM-UP APPROACH
  • 2.4. DATA TRIANGULATION

3. EXECUTIVE SUMMARY

  • 3.1. MARKET SUMMARY
  • 3.2. KEY FINDINGS
    • 3.2.1. NORTH AMERICA HOLDS MAJOR SHARE OF THE VIRTUAL POWER PLANT MARKET
    • 3.2.2. DEMAND RESPONSE TO LEAD THE TECHNOLOGY SEGMENT
    • 3.2.3. COMMERCIAL AND INDUSTRIAL SECTOR TO DOMINATE THE END-USER SEGMENT
    • 3.2.4. RISING RENEWABLE ENERGY GENERATION TO DRIVE THE MARKET
    • 3.2.5. AUSTRALIA VIRTUAL POWER PLANT MARKET POSSESS IMMENSE GROWTH OPPORTUNITIES

4. MARKET DYNAMICS

  • 4.1. MARKET DEFINITION
  • 4.2. DRIVERS
    • 4.2.1. RAPID SHIFT TO DISTRIBUTED GENERATION FROM CENTRALIZED GENERATION
    • 4.2.2. RISING RENEWABLE ENERGY GENERATION AS COMPARED TO CONVENTIONAL ENERGY
    • 4.2.3. REDUCING SOLAR ENERGY GENERATION COST
    • 4.2.4. RISING DEMAND FOR CLOUD-BASED ENERGY MANAGEMENT SYSTEM
  • 4.3. RESTRAINTS
    • 4.3.1. HIGH CAPITAL COST REQUIRED FOR SOFTWARE AND CONTROL SYSTEMS
    • 4.3.2. ADVERSE HEALTH EFFECT DUE TO RADIO FREQUENCY EXPOSURE
  • 4.4. OPPORTUNITIES
    • 4.4.1. INCREASING RENEWABLE ENERGY DEVELOPMENT IN EMERGING COUNTRIES
    • 4.4.2. INCREASING DEVELOPMENT OF SMART GRIDS
    • 4.4.3. RISING DEMAND FOR ELECTRIC VEHICLES
  • 4.5. CHALLENGES
    • 4.5.1. SECURITY AND PRIVACY CONCERNS
    • 4.5.2. LACK OF SKILLED PROFESSIONALS

5. MARKET BY END-USERS

  • 5.1. COMMERCIAL & INDUSTRIAL
  • 5.2. RESIDENTIAL

6. MARKET BY TECHNOLOGY

  • 6.1. DEMAND RESPONSE
  • 6.2. DISTRIBUTION GENERATION
  • 6.3. MIXED ASSETS

7. KEY ANALYTICS

  • 7.1. PORTER'S 5 FORCE MODEL
    • 7.1.1. THREAT OF NEW ENTRANTS
    • 7.1.2. THREAT OF SUBSTITUTE PRODUCTS
    • 7.1.3. BARGAINING POWER OF BUYERS
    • 7.1.4. BARGAINING POWER OF SUPPLIERS
    • 7.1.5. INTENSITY OF COMPETITIVE RIVALRY
  • 7.2. KEY BUYING CRITERIA
    • 7.2.1. TECHNOLOGY
    • 7.2.2. SCALABILITY
    • 7.2.3. PRICE
    • 7.2.4. FEASIBILITY
  • 7.3. VALUE CHAIN ANALYSIS
    • 7.3.1. POWER PRODUCERS
    • 7.3.2. VIRTUAL POWER PLANT
    • 7.3.3. DIRECTED ENERGY OPERATORS (DSOS)
    • 7.3.4. END-USERS
  • 7.4. REGULATORY FRAMEWORK
  • 7.5. KEY TRENDS
    • 7.5.1. RISE IN ELECTRICITY DEMAND
    • 7.5.2. INVESTMENTS IN VIRTUAL POWER PLANTS
  • 7.6. INVESTMENT OUTLOOK
    • 7.6.1. REGIONAL OUTLOOK
    • 7.6.2. OPPORTUNITIES IN EMERGING TECHNOLOGIES

8. GEOGRAPHICAL ANALYSIS

  • 8.1. NORTH AMERICA
    • 8.1.1. US
    • 8.1.2. CANADA
  • 8.2. EUROPE
    • 8.2.1. UNITED KINGDOM
    • 8.2.2. FRANCE
    • 8.2.3. GERMANY
    • 8.2.4. SPAIN
    • 8.2.5. REST OF EUROPE
  • 8.3. ASIA-PACIFIC
    • 8.3.1. CHINA
    • 8.3.2. INDIA
    • 8.3.3. JAPAN
    • 8.3.4. AUSTRALIA
    • 8.3.5. REST OF ASIA-PACIFIC
  • 8.4. REST OF WORLD
    • 8.4.1. LATIN AMERICA
    • 8.4.2. MIDDLE EAST & AFRICA

9. COMPETITIVE LANDSCAPE

  • 9.1. MARKET SHARE ANALYSIS
    • 9.1.1. ABB
    • 9.1.2. AUTOGRID SYSTEMS INC.
    • 9.1.3. ENBALA TECHNOLOGY
    • 9.1.4. SIEMENS AG
    • 9.1.5. VIRIDITY ENERGY (ACQUIRED BY ORMAT TECHNOLOGIES)
  • 9.2. TOP WINNING STRATEGIES
  • 9.3. COMPANY PROFILES
    • 9.3.1. ABB
      • 9.3.1.1. OVERVIEW
      • 9.3.1.2. PRODUCT PORTFOLIO
      • 9.3.1.3. STRATEGIC INITIATIVES
      • 9.3.1.4. SCOT ANALYSIS
      • 9.3.1.5. STRATEGIC ANALYSIS
    • 9.3.2. AUTOGRID SYSTEMS, INC.
      • 9.3.2.1. OVERVIEW
      • 9.3.2.2. PRODUCT PORTFOLIO
      • 9.3.2.3. STRATEGIC INITIATIVE
      • 9.3.2.4. SCOT ANALYSIS
      • 9.3.2.5. STRATEGIC ANALYSIS
    • 9.3.3. BLUE PILLAR
      • 9.3.3.1. OVERVIEW
      • 9.3.3.2. PRODUCT PORTFOLIO
      • 9.3.3.3. STRATEGIC INITIATIVES
      • 9.3.3.4. SCOT ANALYSIS
      • 9.3.3.5. STRATEGIC ANALYSIS
    • 9.3.4. CISCO SYSTEMS, INC.
      • 9.3.4.1. OVERVIEW
      • 9.3.4.2. PRODUCT PORTFOLIO
      • 9.3.4.3. SCOT ANALYSIS
      • 9.3.4.4. STRATEGIC ANALYSIS
    • 9.3.5. ENERNOC (ACQUIRED BY ENEL GREEN POWER NORTH AMERICA, INC.)
      • 9.3.5.1. OVERVIEW
      • 9.3.5.2. PRODUCT PORTFOLIO
      • 9.3.5.3. STRATEGIC INITIATIVE
      • 9.3.5.4. SCOT ANALYSIS
      • 9.3.5.5. STRATEGIC ANALYSIS
    • 9.3.6. GENERAL ELECTRIC
      • 9.3.6.1. OVERVIEW
      • 9.3.6.2. PRODUCT PORTFOLIO
      • 9.3.6.3. STRATEGIC INITIATIVES
      • 9.3.6.4. SCOT ANALYSIS
      • 9.3.6.5. STRATEGIC ANALYSIS
    • 9.3.7. HITACHI LTD
      • 9.3.7.1. OVERVIEW
      • 9.3.7.2. PRODUCT PORTFOLIO
      • 9.3.7.3. STRATEGIC INITIATIVES
      • 9.3.7.4. SCOT ANALYSIS
      • 9.3.7.5. STRATEGIC ANALYSIS
    • 9.3.8. FLEXITRICITY LIMITED (ACQUIRED BY ALPIQ)
      • 9.3.8.1. OVERVIEW
      • 9.3.8.2. PRODUCT PORTFOLIO
      • 9.3.8.3. SCOT ANALYSIS
      • 9.3.8.4. STRATEGIC ANALYSIS
    • 9.3.9. IBM CORPORATION
      • 9.3.9.1. OVERVIEW
      • 9.3.9.2. PRODUCT PORTFOLIO
      • 9.3.9.3. SCOT ANALYSIS
      • 9.3.9.4. STRATEGIC ANALYSIS
    • 9.3.10. OPEN ACCESS TECHNOLOGY INTERNATIONAL INC.
      • 9.3.10.1. OVERVIEW
      • 9.3.10.2. PRODUCT PORTFOLIO
      • 9.3.10.3. STRATEGIC ANALYSIS
      • 9.3.10.4. SCOT ANALYSIS
      • 9.3.10.5. STRATEGIC ANALYSIS
    • 9.3.11. POWER ANALYTICS CORPORATION (CAUSAM ENERGY)
      • 9.3.11.1. OVERVIEW
      • 9.3.11.2. PRODUCT PORTFOLIO
      • 9.3.11.3. STRATEGIC INITIATIVES
      • 9.3.11.4. SCOT ANALYSIS
      • 9.3.11.5. STRATEGIC ANALYSIS
    • 9.3.12. ROBERT BOSCH
      • 9.3.12.1. OVERVIEW
      • 9.3.12.2. PRODUCT PORTFOLIO
      • 9.3.12.3. SCOT ANALYSIS
      • 9.3.12.4. STRATEGIC ANALYSIS
    • 9.3.13. SCHNEIDER ELECTRIC
      • 9.3.13.1. OVERVIEW
      • 9.3.13.2. PRODUCT PORTFOLIO
      • 9.3.13.3. STRATEGIC INITIATIVES
      • 9.3.13.4. SCOT ANALYSIS
      • 9.3.13.5. STRATEGIC ANALYSIS
    • 9.3.14. SIEMENS
      • 9.3.14.1. OVERVIEW
      • 9.3.14.2. PRODUCT PORTFOLIO
      • 9.3.14.3. STRATEGIC INITIATIVES
      • 9.3.14.4. SCOT ANALYSIS
      • 9.3.14.5. STRATEGIC ANALYSIS
    • 9.3.15. VIRIDITY ENERGY (ACQUIRED BY ORMAT TECHNOLOGIES)
      • 9.3.15.1. OVERVIEW
      • 9.3.15.2. PRODUCT PORTFOLIO
      • 9.3.15.3. STRATEGIC INITIATIVES
      • 9.3.15.4. SCOT ANALYSIS
      • 9.3.15.5. STRATEGIC ANALYSIS
    • 9.3.16. ENBALA
      • 9.3.16.1. OVERVIEW
      • 9.3.16.2. PRODUCT PORTFOLIO
      • 9.3.16.3. STRATEGIC INITIATIVES
      • 9.3.16.4. SCOT ANALYSIS
      • 9.3.16.5. STRATEGIC ANALYSIS

LIST OF TABLES

  • TABLE 1 GLOBAL VIRTUAL POWER PLANT MARKET BY GEOGRAPHY 2018-2026 ($ MILLION)
  • TABLE 2 COST REDUCTION POTENTIAL FOR SOLAR AND WIND POWER (2015-2025)
  • TABLE 3 SMART GRID INVESTMENTS IN EUROPE AND OTHER REGIONS
  • TABLE 4 GLOBAL VIRTUAL POWER PLANT MARKET BY END-USER 2018-2026 ($ MILLION)
  • TABLE 5 GLOBAL COMMERCIAL & INDUSTRIAL MARKET BY GEOGRAPHY 2018-2026 ($ MILLION)
  • TABLE 6 GLOBAL RESIDENTIAL MARKET BY GEOGRAPHY 2018-2026 ($ MILLION)
  • TABLE 7 GLOBAL VIRTUAL POWER PLANT MARKET BY TECHNOLOGY 2018-2026 ($ MILLION)
  • TABLE 8 GLOBAL DEMAND RESPONSE MARKET BY GEOGRAPHY 2018-2026 ($ MILLION)
  • TABLE 9 GLOBAL DISTRIBUTION GENERATION MARKET BY GEOGRAPHY 2018-2026 ($ MILLION)
  • TABLE 10 GLOBAL MIXED ASSETS MARKET BY GEOGRAPHY 2018-2026 ($ MILLION)
  • TABLE 11 INVESTMENTS IN VIRTUAL POWER PLANTS
  • TABLE 12 GLOBAL VIRTUAL POWER PLANT MARKET BY GEOGRAPHY 2018-2026 ($ MILLION)
  • TABLE 13 NORTH AMERICA VIRTUAL POWER PLANT MARKET BY COUNTRY 2018-2026 ($ MILLION)
  • TABLE 14 EUROPE VIRTUAL POWER PLANT MARKET BY COUNTRY 2018-2026 ($ MILLION)
  • TABLE 15 APAC VIRTUAL POWER PLANT MARKET BY COUNTRY 2018-2026 ($ MILLION)
  • TABLE 16 ROW VIRTUAL POWER PLANT MARKET BY REGION 2018-2026 ($ MILLION)

LIST OF FIGURES

  • FIGURE 1 GLOBAL VIRTUAL POWER PLANT MARKET BY TECHNOLOGY 2018-2026 ($ MILLION)
  • FIGURE 2 NORTH AMERICA VIRTUAL POWER PLANT MARKET 2018-2026 ($ MILLION)
  • FIGURE 3 GLOBAL DEMAND RESPONSE VIRTUAL POWER PLANT MARKET 2018-2026 ($ MILLION)
  • FIGURE 4 GLOBAL COMMERCIAL AND INDUSTRIAL MARKET 2018-2026 ($ MILLION)
  • FIGURE 5 AUSTRALIA VIRTUAL POWER PLANT MARKET 2018-2026 ($ MILLION)
  • FIGURE 6 NEW INVESTMENT IN RENEWABLE ENERGY IN DEVELOPING COUNTRIES (2004-2015) ($ MILLIONS)
  • FIGURE 7 TARGETS FOR THE SHARE OF RENEWABLE POWER SUPPLY IN ASEAN COUNTRIES
  • FIGURE 8 GLOBAL COMMERCIAL & INDUSTRIAL MARKET 2018-2026 ($ MILLION)
  • FIGURE 9 GLOBAL RESIDENTIAL MARKET 2018-2026 ($ MILLION)
  • FIGURE 10 GLOBAL DEMAND RESPONSE MARKET 2018-2026 ($ MILLION)
  • FIGURE 11 GLOBAL DISTRIBUTION GENERATION MARKET 2018-2026 ($ MILLION)
  • FIGURE 12 GLOBAL MIXED ASSETS MARKET 2018-2026 ($ MILLION)
  • FIGURE 13 ELECTRICITY DEMAND PROJECTION TILL 2040
  • FIGURE 14 INVESTMENT PROPOSITION FOR GLOBAL VIRTUAL POWER PLANT MARKET BY REGION - 2017
  • FIGURE 15 INVESTMENT PROPOSITION FOR GLOBAL VIRTUAL POWER PLANT MARKET BY TECHNOLOGIES - 2017
  • FIGURE 16 UNITED STATES VIRTUAL POWER PLANT MARKET 2018-2026 ($ MILLION)
  • FIGURE 17 CANADA VIRTUAL POWER PLANT MARKET 2018-2026 ($ MILLION)
  • FIGURE 18 UNITED KINGDOM VIRTUAL POWER PLANT MARKET 2018-2026 ($ MILLION)
  • FIGURE 19 FRANCE VIRTUAL POWER PLANT MARKET 2018-2026 ($ MILLION)
  • FIGURE 20 GERMANY VIRTUAL POWER PLANT MARKET 2018-2026 ($ MILLION)
  • FIGURE 21 SPAIN VIRTUAL POWER PLANT MARKET 2018-2026 ($ MILLION)
  • FIGURE 22 REST OF EUROPE VIRTUAL POWER PLANT MARKET 2018-2026 ($ MILLION)
  • FIGURE 23 CHINA VIRTUAL POWER PLANT MARKET 2018-2026 ($ MILLION)
  • FIGURE 24 INDIA VIRTUAL POWER PLANT MARKET 2018-2026 ($ MILLION)
  • FIGURE 25 JAPAN VIRTUAL POWER PLANT MARKET 2018-2026 ($ MILLION)
  • FIGURE 26 AUSTRALIA VIRTUAL POWER PLANT MARKET 2018-2026 ($ MILLION)
  • FIGURE 27 REST OF ASIA-PACIFIC VIRTUAL POWER PLANT MARKET 2018-2026 ($ MILLION)
  • FIGURE 28 LATIN AMERICA VIRTUAL POWER PLANT MARKET 2018-2026 ($ MILLION)
  • FIGURE 29 MIDDLE EAST & AFRICA VIRTUAL POWER PLANT MARKET 2018-2026 ($ MILLION)
  • FIGURE 30 MARKET SHARE ANALYSIS OF GLOBAL VIRTUAL POWER PLANT MARKET - 2017 (%)
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