Global Virtual Power Plant Market Forecast 2019-2028

KEY FINDINGS

The global virtual power plant market is estimated to record a CAGR of 22.54% during the forecast period, 2019-2028. The factors propelling the growth of the market are the growing renewable energy generation, government initiatives, increasing demand for cloud based energy management system, and rising trends in the adoption of decentralized power generation.

MARKET INSIGHTS

A virtual power plant is a cloud-based control center that is cable of functioning in a centralized or distributed manner. Energy generation has undergone tremendous transformation in the last decade, due to the growing demand for distributed energy resource management systems. The renewable energy continued to grow in 2019, with an increase of 12.2% from that of 2018. Energy generation was fueled by conventional sources like nuclear and coal, resulting in increased greenhouse gas emissions. At present, it is majorly driven by renewable energy sources like solar and wind, due to government initiatives and support. The fluctuations in the generation of renewables can be regulated by ramping up and down power generation, along with power consumption of controllable unites using VPP (virtual power plant). Such aspects are projected to increase the adoption of virtual power plants across the globe, during the forecast period.

Energy management has become a necessity for each and every organization operating across several sectors in the world. This has resulted in cloud-based energy management software becoming a critical tool for conducting proficient operations in the organizations. Thus, with the increasing adoption of cloud based energy management system, the market studied is expected to witness steady growth. However, privacy concerns and initial investment costs are projected to restrict market growth.

REGIONAL INSIGHTS

The global virtual power plant market is segregated into Asia Pacific, North America, Europe, and the rest of the world, for geographical analysis. North America dominated the global market in 2019. The regional growth prospects are characterized by favorable government initiatives, technological advancements, and policies that entail the reduction of greenhouse gas emissions.

COMPETITIVE INSIGHTS

The global market studied is deemed to be highly competitive. Some of the leading companies registering their presence in the market include, ABB, Autogrid Systems Inc, Statkraft, Next Kraftwerke, Enel X, 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

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. NORTH AMERICA
  • 8.1.1. UNITED STATES
  • 8.1.2. CANADA
• 8.2. EUROPE
  • 8.2.1. UNITED KINGDOM
  • 8.2.2. GERMANY
  • 8.2.3. FRANCE
  • 8.2.4. ITALY
  • 8.2.5. DENMARK
  • 8.2.6. FINLAND
  • 8.2.7. REST OF EUROPE
• 8.3. ASIA PACIFIC
  • 8.3.1. JAPAN
  • 8.3.2. AUSTRALIA
  • 8.3.3. CHINA
  • 8.3.4. SOUTH KOREA
  • 8.3.5. REST OF ASIA PACIFIC
• 8.4. REST OF WORLD
  • 8.4.1. LATIN AMERICA
  • 8.4.2. MIDDLE EAST & AFRICA

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: GLOBAL VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
• TABLE 4: GLOBAL VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY, FORECAST YEARS, 2019-2028 (IN $ MILLION)
• TABLE 5: GLOBAL DEMAND RESPONSE MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
• TABLE 6: GLOBAL DEMAND RESPONSE MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)
• TABLE 7: GLOBAL DISTRIBUTED GENERATION MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
• TABLE 8: GLOBAL DISTRIBUTED GENERATION MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)
• TABLE 9: GLOBAL MIXED ASSETS MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
• TABLE 10: GLOBAL MIXED ASSETS MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)
• TABLE 11: GLOBAL VIRTUAL POWER PLANT MARKET, BY SOURCE, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
• TABLE 12: GLOBAL VIRTUAL POWER PLANT MARKET, BY SOURCE, FORECAST YEARS, 2019-2028 (IN $ MILLION)
• TABLE 13: GLOBAL DISTRIBUTED ENERGY GENERATION SYSTEM MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
• TABLE 14: GLOBAL DISTRIBUTED ENERGY GENERATION SYSTEM MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)
• TABLE 15: GLOBAL ENERGY STORAGE SYSTEM MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
• TABLE 16: GLOBAL ENERGY STORAGE SYSTEM MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)
• TABLE 17: GLOBAL VIRTUAL POWER PLANT MARKET, BY END-USER, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
• TABLE 18: GLOBAL VIRTUAL POWER PLANT MARKET, BY END-USER, FORECAST YEARS, 2019-2028 (IN $ MILLION)
• TABLE 19: GLOBAL INDUSTRIAL MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
• TABLE 20: GLOBAL INDUSTRIAL MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)
• TABLE 21: GLOBAL COMMERCIAL MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
• TABLE 22: GLOBAL COMMERCIAL MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)
• TABLE 23: GLOBAL RESIDENTIAL MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
• TABLE 24: GLOBAL RESIDENTIAL MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)
• TABLE 25: GLOBAL VIRTUAL POWER PLANT MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
• TABLE 26: GLOBAL VIRTUAL POWER PLANT MARKET, BY GEOGRAPHY, FORECAST YEARS, 2019-2028 (IN $ MILLION)
• TABLE 27: NORTH AMERICA VIRTUAL POWER PLANT MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
• TABLE 28: NORTH AMERICA VIRTUAL POWER PLANT MARKET, BY COUNTRY, FORECAST YEARS, 2019-2028 (IN $ MILLION)
• TABLE 29: EUROPE VIRTUAL POWER PLANT MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
• TABLE 30: EUROPE VIRTUAL POWER PLANT MARKET, BY COUNTRY, FORECAST YEARS, 2019-2028 (IN $ MILLION)
• TABLE 31: ASIA PACIFIC VIRTUAL POWER PLANT MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
• TABLE 32: ASIA PACIFIC VIRTUAL POWER PLANT MARKET, BY COUNTRY, FORECAST YEARS, 2019-2028 (IN $ MILLION)
• TABLE 33: REST OF WORLD VIRTUAL POWER PLANT MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
• TABLE 34: REST OF WORLD VIRTUAL POWER PLANT MARKET, BY REGION, 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: GLOBAL VIRTUAL POWER PLANT MARKET, GROWTH POTENTIAL, BY TECHNOLOGY, IN 2019
• FIGURE 8: GLOBAL VIRTUAL POWER PLANT MARKET, BY DEMAND RESPONSE, 2019-2028 (IN $ MILLION)
• FIGURE 9: GLOBAL VIRTUAL POWER PLANT MARKET, BY DISTRIBUTED GENERATION, 2019-2028 (IN $ MILLION)
• FIGURE 10: GLOBAL VIRTUAL POWER PLANT MARKET, BY MIXED ASSETS, 2019-2028 (IN $ MILLION)
• FIGURE 11: GLOBAL VIRTUAL POWER PLANT MARKET, GROWTH POTENTIAL, BY SOURCE, IN 2019
• FIGURE 12: GLOBAL VIRTUAL POWER PLANT MARKET, BY DISTRIBUTED ENERGY GENERATION SYSTEM, 2019-2028 (IN $ MILLION)
• FIGURE 13: GLOBAL VIRTUAL POWER PLANT MARKET, BY ENERGY STORAGE SYSTEM, 2019-2028 (IN $ MILLION)
• FIGURE 14: GLOBAL VIRTUAL POWER PLANT MARKET, GROWTH POTENTIAL, BY END-USER, IN 2019
• FIGURE 15: GLOBAL VIRTUAL POWER PLANT MARKET, BY INDUSTRIAL, 2019-2028 (IN $ MILLION)
• FIGURE 16: GLOBAL VIRTUAL POWER PLANT MARKET, BY COMMERCIAL, 2019-2028 (IN $ MILLION)
• FIGURE 17: GLOBAL VIRTUAL POWER PLANT MARKET, BY RESIDENTIAL, 2019-2028 (IN $ MILLION)
• FIGURE 18: NORTH AMERICA VIRTUAL POWER PLANT MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)
• FIGURE 19: UNITED STATES VIRTUAL POWER PLANT MARKET, 2019-2028 (IN $ MILLION)
• FIGURE 20: CANADA VIRTUAL POWER PLANT MARKET, 2019-2028 (IN $ MILLION)
• FIGURE 21: EUROPE VIRTUAL POWER PLANT MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)
• FIGURE 22: UNITED KINGDOM VIRTUAL POWER PLANT MARKET, 2019-2028 (IN $ MILLION)
• FIGURE 23: GERMANY VIRTUAL POWER PLANT MARKET, 2019-2028 (IN $ MILLION)
• FIGURE 24: FRANCE VIRTUAL POWER PLANT MARKET, 2019-2028 (IN $ MILLION)
• FIGURE 25: ITALY VIRTUAL POWER PLANT MARKET, 2019-2028 (IN $ MILLION)
• FIGURE 26: DENMARK VIRTUAL POWER PLANT MARKET, 2019-2028 (IN $ MILLION)
• FIGURE 27: FINLAND VIRTUAL POWER PLANT MARKET, 2019-2028 (IN $ MILLION)
• FIGURE 28: REST OF EUROPE VIRTUAL POWER PLANT MARKET, 2019-2028 (IN $ MILLION)
• FIGURE 29: ASIA PACIFIC VIRTUAL POWER PLANT MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)
• FIGURE 30: JAPAN VIRTUAL POWER PLANT MARKET, 2019-2028 (IN $ MILLION)
• FIGURE 31: AUSTRALIA VIRTUAL POWER PLANT MARKET, 2019-2028 (IN $ MILLION)
• FIGURE 32: CHINA VIRTUAL POWER PLANT MARKET, 2019-2028 (IN $ MILLION)
• FIGURE 33: SOUTH KOREA VIRTUAL POWER PLANT MARKET, 2019-2028 (IN $ MILLION)
• FIGURE 34: REST OF ASIA PACIFIC VIRTUAL POWER PLANT MARKET, 2019-2028 (IN $ MILLION
• FIGURE 35: REST OF WORLD VIRTUAL POWER PLANT MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)
• FIGURE 36: LATIN AMERICA VIRTUAL POWER PLANT MARKET, 2019-2028 (IN $ MILLION)
• FIGURE 37: MIDDLE EAST & AFRICA VIRTUAL POWER PLANT MARKET, 2019-2028 (IN $ MILLION)