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Market Research Report
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1020710

Virtual Power Plant Market: Current Analysis and Forecast (2021-2027)

Published: | UnivDatos Market Insights Pvt Ltd | 134 Pages | Delivery time: 1-2 business days

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Virtual Power Plant Market: Current Analysis and Forecast (2021-2027)
Published: July 1, 2021
UnivDatos Market Insights Pvt Ltd
Content info: 134 Pages
Delivery time: 1-2 business days
  • Description
  • Table of Contents

Renewable Energy is penetrating the market and thus more and more consumers are adopting the distributed energy resources (DER). Electricity providers are adopting virtual power plants (VPPs) which help balance renewable generation variability and supply grid resources. VPPs or VPSs are also known as "the internet of energy". With the help of VPP, elements from all the different renewable sources can be accumulated at one single central control centre i.e., VPP.

Currently, the biggest VPP is running in Europe by the Norwegian company Statkraft, and the plant is based in Germany. The output generated by this VPP is over 10,000 MW coming from around 1,400 independent power producers. This includes 1,300 wind farms, 100 solar units as well as bioenergy and hydropower generators.

Based on technology, the virtual power plants market is segmented into Distribution Generation, Demand Response, and Mixed Asset. Amongst technology, the demand response segment of the virtual power plants market was valued at US$ XX billion in 2020 and is likely to reach US$ XX billion by 2027 and is growing at a CAGR of XX% from 2021-2027.

Based on end-user, the virtual power plant market is segmented into Commercial, Industrial, and Residential. Amongst end-user, industrial segment accounted for a market valuation of US$ XX billion in 2020 and is expected to reach US$ XX billion by the year 2027, at a CAGR of XX% over the analysed period.

For a better understanding of the market adoption of Virtual Power Plants Industry, the market is analysed based on its worldwide presence in the countries such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Asia-Pacific will dominate the Virtual Power Plants market on account of increasing forms on energy production and increasing demand for electricity.

Some of the major players operating in the market include Next Kraftwerke, EnerNOC, Schneider Electric, AGL Energy, Flexitricity, Siemens, Cummins, GE, ABB, and Comverge. Several M&As along with partnerships have been undertaken by these players to boost their presence in different regions.

Virtual Power Plants Market was valued at US$ XX billion in 2020 and is projected to expand significantly with a CAGR of XX% from 2021-2027F to US$ XX billion in 2027. The Virtual Power Plants Market is expected to witness a boost on account of the increasing use of renewable energy

Product Code: UMEP21334

TABLE OF CONTENTS

1 MARKET INTRODUCTION

  • 1.1. Market Definitions
  • 1.2. Objective of the Study
  • 1.3. Limitation
  • 1.4. Stake Holders
  • 1.5. Currency Used in Report
  • 1.6. Scope of the Virtual Power Plant Market Study

2 RESEARCH METHODOLOGY OR ASSUMPTION

  • 2.1. Research Methodology for the Virtual Power Plant Market
    • 2.1.1. Main Objective of the Virtual Power Plant Market

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 VIRTUAL POWER PLANT MARKET REVENUE, 2021-2027F

6 MARKET INSIGHTS BY TECHNOLOGY

  • 6.1. Distribution Generation
  • 6.2. Demand Response
  • 6.3. Mixed Asset

7 MARKET INSIGHTS BY END-USER

  • 7.1. Commercial
  • 7.2. Industrial
  • 7.3. Residential

8 MARKET INSIGHTS BY REGION

  • 8.1. NORTH AMERICA VIRTUAL POWER PLANT MARKET
    • 8.1.1. United States
    • 8.1.2. Canada
    • 8.1.3. Rest of North America
  • 8.2. EUROPE VIRTUAL POWER PLANT MARKET
    • 8.2.1. United Kingdom
    • 8.2.2. Germany
    • 8.2.3. France
    • 8.2.4. Spain
    • 8.2.5. Italy
    • 8.2.6. Rest of Europe
  • 8.3. ASIA-PACIFIC VIRTUAL POWER PLANT MARKET
    • 8.3.1. China
    • 8.3.2. Japan
    • 8.3.3. India
    • 8.3.4. Australia
    • 8.3.5. Rest of Asia-Pacific
  • 8.4. REST OF THE WORLD VIRTUAL POWER PLANT MARKET

9 VIRTUAL POWER PLANT MARKET DYNAMICS

  • 9.1. Drivers
  • 9.2. Challenges
  • 9.3. Impact Analysis
  • 9.4. Opportunity

10 VIRTUAL POWER PLANT MARKET OPPORTUNITIES

11 VIRTUAL POWER PLANT MARKET TRENDS

12 DEMAND AND SUPPLY SIDE ANALYSIS

  • 12.1. Demand Side Analysis
  • 12.2. Supply Side Analysis
    • 12.2.1. Top Product Launches
    • 12.2.2. Top Business Partnerships
    • 12.2.3. Top Business Expansions, Investments and Divestitures
    • 12.2.4. Top Merger and Acquisitions

13 VALUE CHAIN ANALYSIS

14 COMPETITIVE SCENARIO

15 COMPANY PROFILED

  • 15.1. Next Kraftwerke
  • 15.2. EnerNOC
  • 15.3. Schneider Electric
  • 15.4. AGL Energy
  • 15.5. Flexitricity
  • 15.6. Siemens
  • 15.7. Cummins
  • 15.8. GE
  • 15.9. ABB
  • 15.10. Comverge

16 DISCLAIMER