Virtual Power Plant Market
Virtual Power Plant Market By Technology (demand response, distributed generation, and mixed asset), By End-user (industrial, commercial, and residential), By Region (North America, Latin America, Europe, Middle East, and Africa, Asia Pacific, and Rest of the World) | Virtual Power Plant Industry Analysis on Size, Share, Growth, Trends, Demand, Competitive Analysis, and Forecast Report 2020-2025
Published: March 2021 | Report ID: 022| Report Pages: 160
Virtual Power Plant Market Research Analysis 2020-2025:
Virtual Power Plant Market size was valued at USD 1.3 Billion in 2019, and it is expected to reach 5 Billion by the end of the 2025, with growth at a CAGR of 21% during the assessment period 2020-2025.
A virtual powerhouse Plant may be a cloud-based circulated powerhouse that aggregates the volumes of heterogeneous distributed energy resources (DER) for the commitments of enhancing power generation, moreover as exchange or selling power on the electricity industry. They are dynamic, deliver worth in real time, and may respond speedily to changing customer load circumstances.
Australia, Europe, and therefore the US are among the foremost noticeable integrates of virtual power plants. These regions have revealed huge deftness in rising virtual power plants that can collate electricity. The Upsurge in smaller power plant connections, are helping from new technological expansions and professional models are decreasing the economies of the scale.
A virtual power plant is included of an important IT control organization and distributed energy assets often renewable energy assets like solar, hydropower, wind and biomass units as well as flexible power customers, by act together all the participating units via a remote control unit.
Virtual Power Plant Market Report Statistics:
|
REPORT STATISTICS |
DETAILS |
|
Market Size Available |
2019 – 2025 |
|
Base Year |
2019 |
|
Forecast Period |
2020 – 2025 |
|
Segments Covered |
By Technology, By Ens USer, and By Region |
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Regions Covered |
North America, Latin America, Middle East & Africa, Europe, Asia Pacific |
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Virtual Power Plant Market Growth Analysis:
The growth of virtual power plant market is determined by numerous factors in regions, across the world. The key factor enhancing the market growth is the rising demand for power over a reliable power basis is predictable to drive the global market over the assessment period. Virtual power plant supports in bringing energy peak usage eras and the end-users can save up the extra energy in the energy storage policies such as batteries. The impressive growth in the manufacturing industry, completely in the Asia Pacific region is predicted to push the overall virtual power plant market during the assessment period.
Virtual Power Plant Market Regional Analysis:
Europe accounted for uppermost virtual power plant market share owing to the occurrence of large number of market players and new government enterprises through different European countries on 100% green energy. Asia-Pacific holds highest progress in the global virtual power plant market.
Virtual Power Plant Market Segmentation Analysis:
The virtual power plant market can be additionally categorized depending on technology into demand response, distributed generation, and mixed asset. Depending on end-user, it is sub divided into industrial, commercial, and residential
Virtual Power Plant Market Key Companies Covered:
The Major Companies profiled in the global Virtual Power Plant market report are ABB Ltd, Autogrid Systems, Inc., Blue Pillar, Inc., Cisco Systems, Inc., Comverge, Cpower Energy Management, Enbala Power Networks, Inc., Enernoc, Inc, Flexitricity Limited, General Electric Company, Hitachi, Ltd, International Business Machines Corporation, Robert Bosch GmbH, Schneider Electric SE, and Siemens AG.
Virtual Power Plant Market Segmentation:
By Technology:
- Demand Response
- Distributed Generation
- Mixed Asset
By End User:
- Industrial
- Commercial
- Residential
Geographical Classification:
- North America
- Latin America
- Middle East and Africa
- Europe
- Asia Pacific
- Rest of the World
Key Players:
- ABB Ltd
- Autogrid Systems, Inc
- Blue Pillar, Inc.
- Cisco Systems, Inc
- Comverge
- Cpower Energy Management
- Enbala Power Networks, Inc
- Enernoc, Inc
- Flexitricity Limited
- General Electric Company
1. Preface
1.1 Market Definition and Scope
1.2 Base Currency, Base Year and Forecast Periods
1.3 Key Research Objectives
1.4 Research Highlights
2. General Study Assumptions
3. Research Methodology
3.1 Introduction
3.2 Secondary Research
3.3 Primary Research
3.4 Analysis Design
3.5 Study Timeline
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Market Trends
5. Supply Chain Analysis
6. Company Strategy Analysis
6.1 Merger and Acquisition Analysis
6.2 Agreements, Collaborations and Joint Ventures
6.3 Regional Presence
6.4 New Product Launches
7. Market Outlook
7.1 Technological Advancement
7.2 Pricing Analysis
7.3 Epidemiology
7.4 Product Landscape Analysis (Brand Tracking Analysis & Pipeline Analysis)
8. Market Segmentation
8.1 Overview
8.2 Global Virtual Power Plant Market , By Water Depth, forecast year 2020-2025
8.2.1 Demand Response
8.2.2 Distributed Generation
8.2.3 Mixed Assets
8.2.4 Market Size Estimations & Forecasts (2020-2025)
8.2.5 Y-o-Y Growth Analysis
8.2.6 Market Investment Opportunities Analysis
8.3 Global Virtual Power Plant Market, By End User, forecast year 2020-2025
8.3.1 Industrial
8.3.2 Commercial
8.3.3 Residential
8.3.4 Market Size Estimations & Forecasts (2020-2025)
8.3.5 Y-o-Y Growth Analysis
8.3.6 Market Investment Opportunities Analysis
9. Market Regional and Country Analysis, Forecast 2020-2025
9.1 Overview
9.2 Regional Trends
9.3 Impact Analysis
9.4 Key Findings
9.5 Global Virtual Power Plant Market, by Region, 2020-2025
9.5.1 By Technology
9.5.2 By End User
10. Competitive Landscape Analysis
10.1 Market Player
10.1.1 Company Revenue
10.1.2 Business unit
10.1.3 Product Mapping
10.1.4 Geographical Locations
10.2 Company Share Analysis
11. Strategic Analysis
11.1 PESTLE analysis
11.2 Porter’s Five analysis
11.2.1 Bargaining Power of Suppliers
11.2.2 Bargaining Power of Consumers
11.2.3 Threat of New Entrants
11.2.4 Threat of Substitute Products and Services
11.2.5 Competitive Rivalry within the Industry
12. Company Profiles
12.1 ABB
12.1.1 Overview
12.1.2 Product Portfolio
12.1.3 Financial Details
12.1.4 SWOT Analysis
12.1.5 Market Strategies
12.2 Autogrid Systems, Inc
12.3 Blue Pillar, Inc
12.4 Cisco Systems, Inc
12.5 Comverge
12.6 Cpower Energy Management
12.7 Enbala Power Networks, Inc
12.8 Enernoc, Inc
12.9 Flexitricity Limited
12.10 General Electric Company
13. Market Guidance
14. Appendix