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Virtual Power Plant Market by Technology - Global Opportunity Analysis and Industry Forecast, 2017-2023

  • ID: 4403063
  • Report
  • Region: Global
  • 180 pages
  • Allied Analytics LLP
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The global virtual power plant market was valued at $762 million in 2016, and is expected to reach at $4,587 million by 2023, registering a CAGR of 25.9% from 2017 to 2023. Virtual Power plant (VPP) comprises of a multitude of decentralized, grid-connected energy units installed as an integrated component for flexible electricity production. The number of distributed resources are centrally controlled and managed as part of an interrelated network.

Rise in demand for renewable energy in power generation sector, changes in dynamic of power grids from centralized to distributed, and moderating costs and easy accessibility of energy storage drive the growth of the virtual power plant market. However, health concerns over high frequency human exposure of electromagnetic and radio waves hamper the potential of the market for different end users. Conversely, emerging shift toward electric vehicles and promotion of intelligent office buildings and smart grids, is expected to create opportunities in the market.

The global virtual power plant market is segmented based on technology, end user, and geography. By technology, it is classified into distribution generation, demand response, and mixed asset. Based on end user, it is divided into commercial, industrial, and residential. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

In 2016, North America occupied the highest market share, followed by Europe. The U.S. is expected to account for around half of the share of the global market by 2023, and is expected to witness substantial growth in the emerging countries such as China, South Korea, and Australia. The prominent players in the global virtual power plant market focus on product development and agreement as their key strategies to gain significant market share.

The key players profiled in the report are as follows

ABB Ltd.
AGL Energy
AutoGrid Systems, Inc.
Comverge, Inc.
Enbala Power Networks
EnerNOC, Inc.
General Electric Company
Siemens AG
Schneider Electric SE
Limejump Ltd.

KEY BENEFITS FOR STAKEHOLDERS

This report provides an extensive analysis of the current trends, emerging estimations, and dynamics in the global virtual power plant market.
In-depth analysis of market is conducted and estimations for key segments from 2016 to 2023 are provided.
Comprehensive analysis of factors that drive and restrain the market growth is provided.
Market share for all segments with respect to each geographical segment is detailed in the report.
Key market players are profiled and their strategies are analyzed thoroughly, which provides a competitive outlook of the global industry trends

Virtual Power Plant Market Key Segments:

By Technology

Distribution Generation
Demand Response
Mixed Asset

By End User

Commercial
Industrial
Residential

By Region

North America
U.S.
Canada
Europe
UK
Germany
France
Denmark
Finland
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Australia
Rest of Asia-Pacific
Note: Product cover images may vary from those shown
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CHAPTER 1 INTRODUCTION

1.1. Report description
1.2. Key benefits
1.3. Key market segments
1.4. Research methodology

1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2 EXECUTIVE SUMMARY

2.1. CXO perspective

CHAPTER 3 MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings

3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.2.3. Top player positioning

3.3. PATENT ANALYSIS

3.3.1. Patent analysis by year
3.3.2. Patent analysis by company
3.3.3. Patent analysis by region
3.3.4. Patent analysis by product

3.4. PORTERS FIVE FORCES ANALYSIS

3.4.1. Bargaining power of suppliers
3.4.2. Bargaining power of buyers
3.4.3. Threat of substitutes
3.4.4. Threat of new entrants
3.4.5. Competitive rivalry

3.5. MARKET DYNAMICS

3.5.1. Drivers

3.5.1.1. Rising demand for renewable energy in power generation sector
3.5.1.2. Changing dynamic of power grids from centralized to distributed
3.5.1.3. Reducing cost and easy accessiblity of energy storage

3.5.2. Restraints

3.5.2.1. Health concerns over high frequency human exposure of electromagnetic and radio waves

3.5.3. Opportunity

3.5.3.1. Emerging shift towards electric vehicles
3.5.3.2. Promotion of intelligent office buildings and smart grids

CHAPTER 4 VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY

4.1. OVERVIEW

4.1.1. Market Size and forecast

4.2. DISTRIBUTION GENERATION

4.2.1. Key Market trends, growth factors, and opportunities
4.2.2. Market size and forecast

4.2.2.1. By Geography

4.3. DEMAND RESPONSE

4.3.1. Key Market trends, growth factors, and opportunities
4.3.2. Market size and forecast

4.3.2.1. By Geography

4.4. MIXED ASSET

4.4.1. Key Market trends, growth factors, and opportunities
4.4.2. Market size and forecast
4.4.2.1. By Geography

CHAPTER 5 VIRTUAL POWER PLANT MARKET, BY END USER

5.1. OVERVIEW

5.1.1. Market size and forecast

5.2. INDUSTRIAL

5.2.1. Key Market trends, growth factors, and opportunities
5.2.2. Market size and forecast

5.2.2.1. By Geography

5.3. COMMERCIAL

5.3.1. Key Market trends, growth factors, and opportunities
5.3.2. Market size and forecast

5.3.2.1. By Geography

5.4. RESIDENTIAL

5.4.1. Key Market trends, growth factors, and opportunities
5.4.2. Market size and forecast

5.4.2.1. By Geography

CHAPTER 6 VIRTUAL POWER PLANT MARKET, BY GEOGRAPHY

6.1. OVERVIEW

6.1.1. Market Size and Forecast

6.2. NORTH AMERICA

6.2.1. Key Market Trends, Growth Factors and Opportunities
6.2.2. Market Size and Forecast

6.2.2.1. By Technology
6.2.2.2. By End User
6.2.2.3. By Country

6.2.3. U.S.

6.2.3.1. Market Size and Forecast

6.2.3.1.1. By Technology
6.2.3.1.2. By End User

6.2.4. Canada

6.2.4.1. Market Size and Forecast

6.2.4.1.1. By Technology
6.2.4.1.2. By End User

6.3. EUROPE

6.3.1. Key Market Trends, Growth Factors and Opportunities
6.3.2. Market Size and Forecast

6.3.2.1. By Technology
6.3.2.2. By End User
6.3.2.3. By Country

6.3.3. UK

6.3.3.1. Market Size and Forecast

6.3.3.1.1. By Technology
6.3.3.1.2. By End User

6.3.4. Germany

6.3.4.1. Market Size and Forecast

6.3.4.1.1. By Technology
6.3.4.1.2. By End User

6.3.5. France

6.3.5.1. Market Size and Forecast

6.3.5.1.1. By Technology
6.3.5.1.2. By End User

6.3.6. Denmark

6.3.6.1. Market Size and Forecast

6.3.6.1.1. By Technology
6.3.6.1.2. By End User

6.3.7. Finland

6.3.7.1. Market Size and Forecast

6.3.7.1.1. By Technology
6.3.7.1.2. By End User

6.3.8. Rest of Europe

6.3.8.1. Market Size and Forecast

6.3.8.1.1. By Technology
6.3.8.1.2. By End User

6.4. ASIA-PACIFIC

6.4.1. Key Market Trends, Growth Factors and Opportunities
6.4.2. Market Size and Forecast

6.4.2.1. By Technology
6.4.2.2. By End User
6.4.2.3. By Country

6.4.3. China

6.4.3.1. Market Size and Forecast

6.4.3.1.1. By Technology
6.4.3.1.2. By End User

6.4.4. Japan

6.4.4.1. Market Size and Forecast

6.4.4.1.1. By Technology
6.4.4.1.2. By End User

6.4.5. South Korea

6.4.5.1. Market Size and Forecast

6.4.5.1.1. By Technology
6.4.5.1.2. By End User

6.4.6. Australia

6.4.6.1. Market Size and Forecast

6.4.6.1.1. By Technology
6.4.6.1.2. By End User

6.4.7. Rest of Asia-Pacific

6.4.7.1. Market Size and Forecast

6.4.7.1.1. By Technology
6.4.7.1.2. By End User

CHAPTER 7 COMPANY PROFILES

7.1. ABB, LTD.

7.1.1. Company overview
7.1.2. Operating business segments
7.1.3. Business performance
7.1.4. Key strategies and developments

7.2. AGL ENERGY

7.2.1. Company overview
7.2.2. Operating business segments
7.2.3. Business performance
7.2.4. Key strategies and developments

7.3. AUTOGRID SYSTEMS, INC.

7.3.1. Company overview
7.3.2. Operating business segments
7.3.3. Business performance
7.3.4. Key strategies and developments

7.4. COMVERGE,, INC .

7.4.1. Company overview
7.4.2. Operating business segments
7.4.3. Business performance
7.4.4. Key strategies and developments

7.5. ENBALA POWER NETWORTKS

7.5.1. Company overview
7.5.2. Operating business segments
7.5.3. Business performance
7.5.4. Key strategies and developments

7.6. ENERNOC, INC.

7.6.1. Company overview
7.6.2. Operating business segments
7.6.3. Business performance
7.6.4. Key strategies and developments

7.7. GENERAL ELECTRIC COMPANY.

7.7.1. Company overview
7.7.2. Operating business segments
7.7.3. Business performance
7.7.4. Key strategies and developments

7.8. SIEMENS AG

7.8.1. Company overview
7.8.2. Operating business segments
7.8.3. Business performance
7.8.4. Key strategies and developments

7.9. SCHNEIDER ELECTRIC SE

7.9.1. Company overview
7.9.2. Operating business segments
7.9.3. Business performance
7.9.4. Key strategies and developments

7.10. LIMEJUMP LTD.

7.10.1. Company overview
7.10.2. Operating business segments
7.10.3. Business performance
7.10.4. Key strategies and developments
Note: Product cover images may vary from those shown
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The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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