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Market Research Report

Europe Virtual Power Plant Market Forecast 2019-2028

Published by Inkwood Research Product code 959963
Published Content info 115 Pages
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Europe Virtual Power Plant Market Forecast 2019-2028
Published: September 10, 2020 Content info: 115 Pages
Description

KEY FINDINGS

The Europe virtual power plant market is expected to harbor a CAGR of 20.98%, across the forecast years of 2019 to 2028. The major factors responsible for propelling the market growth are the investments, policies, and initiatives to propagate the region's electricity generation through renewable energy, and continual technological innovations.

MARKET INSIGHTS

The Europe virtual power plant market growth is assessed by analyzing the United Kingdom, France, Denmark, Finland, Italy, Germany, and the rest of Europe. Germany is the leading energy-efficient country for industrial consumers, across Europe. Likewise, the nation introduced energy-efficient initiatives under the National Action Plan on Energy Efficiency, in 2016, for setting up energy-saving pilot programs. The initiatives primarily focused on technologies for recovering waste heat and encouraging sustainable solutions using integrated heat and power systems, providing incentives for improving the efficacy of heating systems, and pilot programs for consumer energy savings.

Germany is also progressing toward power generation through renewable sources of energy. For instance, as per the International Energy Agency (IEA), the country accounted for more than 54% of electricity generated from renewable energy in March 2019. However, the increasing dependency on renewable energy is projected to destabilize the power grid. German grid operators face the major challenge of balancing the interaction between transmission and the distribution grid, particularly during peak hours. As a result, virtual power plants are extremely vital for grid balancing. Additionally, these services and solutions assist in aggregating the decentralized generation units, under a centralized platform. Thus, such factors are anticipated to drive the region's market growth, during the forecast years.

COMPETITIVE INSIGHTS

Prominent companies operating in the market are, Next Kraftwerke, Open Access Technology International Inc, Flexitricity Limited, Schneider Electric, Statkraft, ABB, 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: 14875

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. EUROPE
    • 8.1.1. UNITED KINGDOM
    • 8.1.2. GERMANY
    • 8.1.3. FRANCE
    • 8.1.4. ITALY
    • 8.1.5. DENMARK
    • 8.1.6. FINLAND
    • 8.1.7. REST OF EUROPE

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: EUROPE VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
  • TABLE 4: EUROPE VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY, FORECAST YEARS, 2019-2028 (IN $ MILLION)
  • TABLE 5: EUROPE VIRTUAL POWER PLANT MARKET, BY SOURCE, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
  • TABLE 6: EUROPE VIRTUAL POWER PLANT MARKET, BY SOURCE, FORECAST YEARS, 2019-2028 (IN $ MILLION)
  • TABLE 7: EUROPE VIRTUAL POWER PLANT MARKET, BY END-USER, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
  • TABLE 8: EUROPE VIRTUAL POWER PLANT MARKET, BY END-USER, FORECAST YEARS, 2019-2028 (IN $ MILLION)
  • TABLE 9: EUROPE VIRTUAL POWER PLANT MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
  • TABLE 10: EUROPE 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: EUROPE VIRTUAL POWER PLANT MARKET, GROWTH POTENTIAL, BY TECHNOLOGY, IN 2019
  • FIGURE 8: EUROPE VIRTUAL POWER PLANT MARKET, BY DEMAND RESPONSE, 2019-2028 (IN $ MILLION)
  • FIGURE 9: EUROPE VIRTUAL POWER PLANT MARKET, BY DISTRIBUTED GENERATION, 2019-2028 (IN $ MILLION)
  • FIGURE 10: EUROPE VIRTUAL POWER PLANT MARKET, BY MIXED ASSETS, 2019-2028 (IN $ MILLION)
  • FIGURE 11: EUROPE VIRTUAL POWER PLANT MARKET, GROWTH POTENTIAL, BY SOURCE, IN 2019
  • FIGURE 12: EUROPE VIRTUAL POWER PLANT MARKET, BY DISTRIBUTED ENERGY GENERATION SYSTEM, 2019-2028 (IN $ MILLION)
  • FIGURE 13: EUROPE VIRTUAL POWER PLANT MARKET, BY ENERGY STORAGE SYSTEM, 2019-2028 (IN $ MILLION)
  • FIGURE 14: EUROPE VIRTUAL POWER PLANT MARKET, GROWTH POTENTIAL, BY END-USER, IN 2019
  • FIGURE 15: EUROPE VIRTUAL POWER PLANT MARKET, BY INDUSTRIAL, 2019-2028 (IN $ MILLION)
  • FIGURE 16: EUROPE VIRTUAL POWER PLANT MARKET, BY COMMERCIAL, 2019-2028 (IN $ MILLION)
  • FIGURE 17: EUROPE VIRTUAL POWER PLANT MARKET, BY RESIDENTIAL, 2019-2028 (IN $ MILLION)
  • FIGURE 18: EUROPE VIRTUAL POWER PLANT MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)
  • FIGURE 19: UNITED KINGDOM VIRTUAL POWER PLANT MARKET, 2019-2028 (IN $ MILLION)
  • FIGURE 20: GERMANY VIRTUAL POWER PLANT MARKET, 2019-2028 (IN $ MILLION)
  • FIGURE 21: FRANCE VIRTUAL POWER PLANT MARKET, 2019-2028 (IN $ MILLION)
  • FIGURE 22: ITALY VIRTUAL POWER PLANT MARKET, 2019-2028 (IN $ MILLION)
  • FIGURE 23: DENMARK VIRTUAL POWER PLANT MARKET, 2019-2028 (IN $ MILLION)
  • FIGURE 24: FINLAND VIRTUAL POWER PLANT MARKET, 2019-2028 (IN $ MILLION)
  • FIGURE 25: REST OF EUROPE VIRTUAL POWER PLANT MARKET, 2019-2028 (IN $ MILLION)
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