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Market Research Report

Asia Pacific Virtual Power Plant Market Forecast 2019-2028

Published by Inkwood Research Product code 959962
Published Content info 114 Pages
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Asia Pacific Virtual Power Plant Market Forecast 2019-2028
Published: September 10, 2020 Content info: 114 Pages
Description

KEY FINDINGS

The Asia Pacific virtual power plant market is anticipated to grow with a CAGR of 25.54%, during the forecast years of 2019 to 2028. The key market propellers include increased government initiatives to reduce greenhouse gas emissions, technical advancements, and rising awareness regarding the value proposition of adopting virtual power plants.

MARKET INSIGHTS

The Asia Pacific virtual power plant market growth is evaluated by studying Japan, Australia, China, South Korea, and the rest of the Asia Pacific. Over the forecast period, South Korea is projected to be among the most prospective markets for virtual power plants. The country's market is expected to observe strong growth due to the swift market penetration of control technologies and automation, particularly in digital energy monitoring applications. South Korea is also endeavoring to satisfy its long-term energy demand, and minimize greenhouse gases by utilizing limited amounts of carbon-intensive fuel. Moreover, this measure would improve energy-efficiency, considerably.

South Korea has also introduced numerous initiatives and technical advancements for setting up virtual power plants in the country. For Instance, Busan City Bas collaborated with Shihwa SNC, to develop a virtual power plant pilot project in April 2019. With a duration of 30 months, this project would be operational in South Korea and Malaysia.

In 2018, South Korea's renewable energy share accounted for 8% of the total power generated. Likewise, the government also issued policy measures to hike the percentage stake of renewable energy, within the energy mix to 20%, by the end of the next decade. Thus, these factors are expected to drive the region's market growth for virtual power plants.

COMPETITIVE INSIGHTS

Some of the distinguished players operating in the market are, Hitachi Ltd, Autogrid Systems Inc, Viridity Energy, Tesla, IBM Corporation, Open Access Technology International Inc, etc.

Our report offerings include:

  • Explore key findings of the overall market
  • Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
  • Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
  • Market Segmentation cater to a thorough assessment of key segments with their market estimations
  • Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
  • Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
  • Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
  • Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
Table of Contents
Product Code: 14856

TABLE OF CONTENTS

1. RESEARCH SCOPE & METHODOLOGY

  • 1.1. STUDY OBJECTIVES
  • 1.2. SCOPE OF STUDY
  • 1.3. METHODOLOGY
  • 1.4. ASSUMPTIONS & LIMITATIONS

2. EXECUTIVE SUMMARY

  • 2.1. MARKET SIZE & ESTIMATES
  • 2.2. MARKET OVERVIEW

3. MARKET DYNAMICS

  • 3.1. MARKET DEFINITION
  • 3.2. KEY DRIVERS
    • 3.2.1. INCREASING TRENDS IN ADOPTION OF DECENTRALIZED POWER GENERATION
    • 3.2.2. GROWTH IN RENEWABLE ENERGY GENERATION
    • 3.2.3. RISING DEMAND FOR CLOUD BASED ENERGY MANAGEMENT SYSTEM
    • 3.2.4. GOVERNMENT INITIATIVES
  • 3.3. KEY RESTRAINTS
    • 3.3.1. INITIAL INVESTMENT IS HIGH FOR THE MARKET
    • 3.3.2. PRIVACY CONCERNS

4. KEY ANALYTICS

  • 4.1. KEY INVESTMENT INSIGHTS
  • 4.2. PORTER'S FIVE FORCE ANALYSIS
    • 4.2.1. BUYER POWER
    • 4.2.2. SUPPLIER POWER
    • 4.2.3. SUBSTITUTION
    • 4.2.4. NEW ENTRANTS
    • 4.2.5. INDUSTRY RIVALRY
  • 4.3. OPPORTUNITY MATRIX
  • 4.4. VENDOR LANDSCAPE
  • 4.5. VALUE CHAIN ANALYSIS
    • 4.5.1. POWER PRODUCERS
    • 4.5.2. VIRTUAL POWER PLANT
    • 4.5.3. DIRECTED ENERGY OPERATORS (DSOS)
    • 4.5.4. END-USERS
  • 4.6. KEY BUYING CRITERIA
    • 4.6.1. TECHNOLOGY
    • 4.6.2. SCALABILITY
    • 4.6.3. PRICE
    • 4.6.4. FEASIBILITY
  • 4.7. REGULATORY FRAMEWORK
  • 4.8. IMPACT OF COVID 19 PANDEMIC ON VIRTUAL POWER PLANT MARKET

5. MARKET BY TECHNOLOGY

  • 5.1. DEMAND RESPONSE
  • 5.2. DISTRIBUTED GENERATION
  • 5.3. MIXED ASSETS

6. MARKET SOURCE

  • 6.1. DISTRIBUTED ENERGY GENERATION SYSTEM
  • 6.2. ENERGY STORAGE SYSTEM

7. MARKET BY END-USER

  • 7.1. INDUSTRIAL
  • 7.2. COMMERCIAL
  • 7.3. RESIDENTIAL

8. GEOGRAPHICAL ANALYSIS

  • 8.1. ASIA PACIFIC
    • 8.1.1. JAPAN
    • 8.1.2. AUSTRALIA
    • 8.1.3. CHINA
    • 8.1.4. SOUTH KOREA
    • 8.1.5. REST OF ASIA PACIFIC

9. COMPANY PROFILES

  • 9.1. ABB
  • 9.2. AUTOGRID SYSTEMS INC
  • 9.3. STATKRAFT
  • 9.4. NEXT KRAFTWERKE
  • 9.5. ENEL X
  • 9.6. GENERAL ELECTRIC
  • 9.7. HITACHI LTD
  • 9.8. FLEXITRICITY LIMITED
  • 9.9. IBM CORPORATION
  • 9.10. OPEN ACCESS TECHNOLOGY INTERNATIONAL INC
  • 9.11. ROBERT BOSCH
  • 9.12. SCHNEIDER ELECTRIC
  • 9.13. SIEMENS
  • 9.14. VIRIDITY ENERGY
  • 9.15. ENBALA
  • 9.16. TESLA

LIST OF TABLES

  • TABLE 1: MARKET SNAPSHOT - VIRTUAL POWER PLANT
  • TABLE 2: REGULATORY FRAMEWORK
  • TABLE 3: ASIA PACIFIC VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
  • TABLE 4: ASIA PACIFIC VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY, FORECAST YEARS, 2019-2028 (IN $ MILLION)
  • TABLE 5: ASIA PACIFIC VIRTUAL POWER PLANT MARKET, BY SOURCE, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
  • TABLE 6: ASIA PACIFIC VIRTUAL POWER PLANT MARKET, BY SOURCE, FORECAST YEARS, 2019-2028 (IN $ MILLION)
  • TABLE 7: ASIA PACIFIC VIRTUAL POWER PLANT MARKET, BY END-USER, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
  • TABLE 8: ASIA PACIFIC VIRTUAL POWER PLANT MARKET, BY END-USER, FORECAST YEARS, 2019-2028 (IN $ MILLION)
  • TABLE 9: ASIA PACIFIC VIRTUAL POWER PLANT MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
  • TABLE 10: ASIA PACIFIC VIRTUAL POWER PLANT MARKET, BY COUNTRY, FORECAST YEARS, 2019-2028 (IN $ MILLION)

LIST OF FIGURES

  • FIGURE 1: KEY INVESTMENT INSIGHTS
  • FIGURE 2: PORTER'S FIVE FORCE ANALYSIS
  • FIGURE 3: OPPORTUNITY MATRIX
  • FIGURE 4: VENDOR LANDSCAPE
  • FIGURE 5: VALUE CHAIN ANALYSIS
  • FIGURE 6: KEY BUYING CRITERIA
  • FIGURE 7: ASIA PACIFIC VIRTUAL POWER PLANT MARKET, GROWTH POTENTIAL, BY TECHNOLOGY, IN 2019
  • FIGURE 8: ASIA PACIFIC VIRTUAL POWER PLANT MARKET, BY DEMAND RESPONSE, 2019-2028 (IN $ MILLION)
  • FIGURE 9: ASIA PACIFIC VIRTUAL POWER PLANT MARKET, BY DISTRIBUTED GENERATION, 2019-2028 (IN $ MILLION)
  • FIGURE 10: ASIA PACIFIC VIRTUAL POWER PLANT MARKET, BY MIXED ASSETS, 2019-2028 (IN $ MILLION)
  • FIGURE 11: ASIA PACIFIC VIRTUAL POWER PLANT MARKET, GROWTH POTENTIAL, BY SOURCE, IN 2019
  • FIGURE 12: ASIA PACIFIC VIRTUAL POWER PLANT MARKET, BY DISTRIBUTED ENERGY GENERATION SYSTEM, 2019-2028 (IN $ MILLION)
  • FIGURE 13: ASIA PACIFIC VIRTUAL POWER PLANT MARKET, BY ENERGY STORAGE SYSTEM, 2019-2028 (IN $ MILLION)
  • FIGURE 14: ASIA PACIFIC VIRTUAL POWER PLANT MARKET, GROWTH POTENTIAL, BY END-USER, IN 2019
  • FIGURE 15: ASIA PACIFIC VIRTUAL POWER PLANT MARKET, BY INDUSTRIAL, 2019-2028 (IN $ MILLION)
  • FIGURE 16: ASIA PACIFIC VIRTUAL POWER PLANT MARKET, BY COMMERCIAL, 2019-2028 (IN $ MILLION)
  • FIGURE 17: ASIA PACIFIC VIRTUAL POWER PLANT MARKET, BY RESIDENTIAL, 2019-2028 (IN $ MILLION)
  • FIGURE 18: ASIA PACIFIC VIRTUAL POWER PLANT MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)
  • FIGURE 19: JAPAN VIRTUAL POWER PLANT MARKET, 2019-2028 (IN $ MILLION)
  • FIGURE 20: AUSTRALIA VIRTUAL POWER PLANT MARKET, 2019-2028 (IN $ MILLION)
  • FIGURE 21: CHINA VIRTUAL POWER PLANT MARKET, 2019-2028 (IN $ MILLION)
  • FIGURE 22: SOUTH KOREA VIRTUAL POWER PLANT MARKET, 2019-2028 (IN $ MILLION)
  • FIGURE 23: REST OF ASIA PACIFIC VIRTUAL POWER PLANT MARKET, 2019-2028 (IN $ MILLION)
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