Virtual Power Plant Market by Technology, by Consumer, by Geography - Global Market Size, Share, Development, Growth, and Demand Forecast, 2013-2023

  • ID: 4517520
  • Report
  • Region: Global
  • 125 pages
  • P&S Market Research
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The market growth is mainly driven by the growing penetration of renewable energy sources in the energy mix across different parts of the world.

Virtual power plant refers to an integrated system consisting of centralized control system connected to power generating, distributing, and transmitting units which regulate, optimize, and manage the supply of electricity from distributed power generating sources to the consumers.

Insights on Market Segments:

Demand response has been recording the highest share in the virtual power plant market, due to its lower development cost and higher operational efficiency. The technology also offers incentives to customers in the form of lower electricity bills in case the customers alter their electricity consumption during peak hours.

In terms of value, electric vehicles is expected to be the fastest growing consumer category in the virtual power plant market. The growing focus on the usage of pollution-free vehicles is boosting the demand for these vehicles in North America and Europe.

North America is expected to be the largest market for virtual power plants

Globally, North America has been leading the global virtual power plant market in terms of value, with an estimated share of more than 40% in 2017. The U.S. and Canada are focusing more on the promotion of clean energy sources including wind, solar, and other renewable sources of electricity. Also, these countries are investing in the upgradation of power evacuation infrastructure through innovative technological solutions such as smart grids. The ongoing addition of renewable power projects along with the development of smart grids are likely to boost the virtual power plant market in North America.

Growing capacity of renewable power projects is expected to drive the market growth

Renewable energy is growing at a rapid pace as majority of nations across the world are moving away from conventional sources of energy as they have limited reserves. Majority of nations are investing heavily in renewable power projects in order to increase the share of renewable energy in the overall energy mix. For instance, China plans to produce 150-200 GW of solar power by the end of 2020. The growth of renewable power projects, particularly distributed energy resources, will require advanced power evacuation infrastructure in order to ensure reliable supply of electricity, which in turn would call for greater construction of these plants. Thus, the growing need for effective utilization of renewable power projects is expected to encourage the growth of the virtual power plant market.

Fast growing power sector in developing countries is laying opportunities for market growth

Countries such as India, Brazil, and Indonesia witness frequent power shortages due to low quality of power infrastructure. The rapid economic growth in these countries has helped in promoting investment in the power sector to support industrial and commercial activities. The growing investment in the power sector has resulted in growth opportunities for innovative solutions such as virtual power plants, which are needed for long term sustainability of newly developed power projects. Thus, the expanding power sector in emerging countries is laying opportunities for the growth of the virtual power plant market.

Virtual Power Plant Market - Competitive Landscape

Some of the major players operating in the global virtual power plant market are Enbala Power Networks, AutoGrid Systems Inc., Sunverge Energy Inc., AGL Energy Limited (AGL), Limejump Ltd, EnerNoc Inc., ENGIE Storage Services NA LLC, ABB Ltd., Schneider Electric SE, and Siemens AG.
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1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation by Technology
1.3.2 Market Segmentation by Consumer
1.3.3 Market Segmentation by Geography
1.3.4 Analysis Period
1.3.5 Market Data Reporting Unit
1.3.5.1 Value
1.3.5.2 Capacity
1.4 Key Stakeholders

2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown of Primary Research Respondents
2.2.1.1 by region
2.2.1.2 by industry participant
2.2.1.3 by company type
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions for the Study

3. Executive Summary
3.1 Voice of Industry Experts/KOLs

4. Introduction
4.1 Definition of Market Segments
4.1.1 by Technology
4.1.1.1 Demand Response
4.1.1.2 Supply Side
4.1.1.3 Mixed Asset
4.1.2 by Consumer
4.1.2.1 Residential
4.1.2.2 Commercial
4.1.2.3 Industrial
4.1.2.4 Electric Vehicles
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Trends
4.3.1.1 Growing investments in setting up new virtual power plants
4.3.1.2 Transition from centralized to decentralized power systems
4.3.2 Drivers
4.3.2.1 Growing capacity of renewable power projects
4.3.2.2 Aging and inadequate power evacuation infrastructure
4.3.2.3 Impact analysis of drivers on market forecast
4.3.3 Restraints
4.3.3.1 Lack of awareness among consumers
4.3.3.2 Impact analysis of restraints on market forecast
4.3.4 Opportunities
4.3.4.1 Fast growing power sector in emerging economies

5. Global Market Size and Forecast
5.1 by Technology
5.2 by Consumer
5.3 by Region

6. North America Market Size and Forecast
6.1 by Technology
6.2 by Consumer
6.3 by Country

7. Europe Market Size and Forecast
7.1 by Technology
7.2 by Consumer
7.3 by Country

8. APAC Market Size and Forecast
8.1 by Technology
8.2 by Consumer
8.3 by Country

9. MEA Market Size and Forecast
9.1 by Technology
9.2 by Consumer
9.3 by Country

10. LATAM Market Size and Forecast
10.1 by Technology
10.2 by Consumer
10.3 by Country

11. Competitive Landscape
11.1 Competitive Benchmarking of Key Players
11.2 Product Benchmarking of Key Players
11.3 Global Strategic Developments of Key Players

12. Company Profiles
12.1 Enbala Power Networks
12.1.1 Business Overview
12.1.2 Product and Service Offerings
12.1.3 Strategic Growth Plans
12.2 AGL Energy Limited (AGL)
12.2.1 Business Overview
12.2.2 Product and Service Offerings
12.2.3 Key Financial Summary
12.2.4 Strategic Growth Plans
12.3 AutoGrid Systems Inc.
12.3.1 Business Overview
12.3.2 Product and Service Offerings
12.3.3 Strategic Growth Plans
12.4 Limejump Ltd
12.4.1 Business Overview
12.4.2 Product and Service Offerings
12.5 Sunverge Energy Inc.
12.5.1 Business Overview
12.5.2 Product and Service Offerings
12.5.3 Strategic Growth Plans
12.6 EnerNoc Inc.
12.6.1 Business Overview
12.6.2 Product and Service Offerings
12.6.3 Key Financial Summary
12.6.4 Strategic Growth Plans
12.7 ENGIE Storage Services NA LLC
12.7.1 Business Overview
12.7.2 Product and Service Offerings
12.8 ABB Group
12.8.1 Business Overview
12.8.2 Product and Service Offerings
12.8.3 Key Financial Summary
12.8.4 Strategic Growth Plans
12.9 Schneider Electric SE
12.9.1 Business Overview
12.9.2 Product and Service Offerings
12.9.3 Key Financial Summary
12.9.4 Strategic Growth Plans
12.10 Siemens AG
12.10.1 Business Overview
12.10.2 Product and Service Offerings
12.10.3 Key Financial Summary
12.10.4 Strategic Growth Plans

13. Appendix
13.1 Abbreviations
13.2 Sources and References

List of Tables
Table 1 Analysis Period of the Study
Table 2 Drivers For the Market: Impact Analysis
Table 3 Restraints For the Market: Impact Analysis
Table 4 Global Virtual Power Plant Market, by Technology, Mw (2013-2017)
Table 5 Global Virtual Power Plant Market, by Technology, Mw (2018-2023)
Table 6 Global Virtual Power Plant Market, by Technology, $M (2013-2017)
Table 7 Global Virtual Power Plant Market, by Technology, $M (2018-2023)
Table 8 Global Virtual Power Plant Market, by Consumer, Mw (2013-2017)
Table 9 Global Virtual Power Plant Market, by Consumer, Mw (2018-2023)
Table 10 Global Virtual Power Plant Market, by Consumer, $M (2013-2017)
Table 11 Global Virtual Power Plant Market, by Consumer, $M (2018-2023)
Table 12 Global Virtual Power Plant Market, by Region, Mw (2013-2017)
Table 13 Global Virtual Power Plant Market, by Region, Mw (2018-2023)
Table 14 Global Virtual Power Plant Market, by Region, $M (2013-2017)
Table 15 Global Virtual Power Plant Market, by Region, $M (2018-2023)
Table 16 North America Virtual Power Plant Market, by Technology, Mw (2013-2017)
Table 17 North America Virtual Power Plant Market, by Technology, Mw (2018-2023)
Table 18 North America Virtual Power Plant Market, by Technology, $M (2013-2017)
Table 19 North America Virtual Power Plant Market, by Technology, $M (2018-2023)
Table 20 North America Virtual Power Plant Market, by Consumer, Mw (2013-2017)
Table 21 North America Virtual Power Plant Market, by Consumer, Mw (2018-2023)
Table 22 North America Virtual Power Plant Market, by Consumer, $M (2013-2017)
Table 23 North America Virtual Power Plant Market, by Consumer, $M (2018-2023)
Table 24 North America Virtual Power Plant Market, by Country, Mw (2013-2017)
Table 25 North America Virtual Power Plant Market, by Country, Mw (2018-2023)
Table 26 North America Virtual Power Plant Market, by Country, $M (2013-2017)
Table 27 North America Virtual Power Plant Market, by Country, $M (2018-2023)
Table 28 Europe Virtual Power Plant Market, by Technology, Mw (2013-2017)
Table 29 Europe Virtual Power Plant Market, by Technology, Mw (2018-2023)
Table 30 Europe Power Plant Market, by Technology, $M (2013-2017)
Table 31 Europe Virtual Power Plant Market, by Technology, $M (2018-2023)
Table 32 Europe Virtual Power Plant Market, by Consumer, Mw (2013-2017)
Table 33 Europe Virtual Power Plant Market, by Consumer, Mw (2018-2023)
Table 34 Europe Virtual Power Plant Market, by Consumer, $M (2013-2017)
Table 35 Europe Virtual Power Plant Market, by Consumer, $M (2018-2023)
Table 36 Europe Virtual Power Plant Market, by Country, Mw (2013-2017)
Table 37 Europe Virtual Power Plant Market, by Country, Mw (2018-2023)
Table 38 Europe Virtual Power Plant Market, by Country, $M (2013-2017)
Table 39 Europe Virtual Power Plant Market, by Country, $M (2018-2023)
Table 40 Apac Virtual Power Plant Market, by Technology, Mw (2013-2017)
Table 41 Apac Virtual Power Plant Market, by Technology, Mw (2018-2023)
Table 42 Apac Virtual Power Plant Market, by Technology, $M (2013-2017)
Table 43 Apac Virtual Power Plant Market, by Technology, $M (2018-2023)
Table 44 Apac Virtual Power Plant Market, by Consumer, Mw (2013-2017)
Table 45 Apac Virtual Power Plant Market, by Consumer, Mw (2018-2023)
Table 46 Apac Virtual Power Plant Market, by Consumer, $M (2013-2017)
Table 47 Apac Virtual Power Plant Market, by Consumer, $M (2018-2023)
Table 48 Apac Virtual Power Plant Market, by Country, Mw (2013-2017)
Table 49 Apac Virtual Power Plant Market, by Country, Mw (2018-2023)
Table 50 Apac Virtual Power Plant Market, by Country, $M (2013-2017)
Table 51 Apac Virtual Power Plant Market, by Country, $M (2018-2023)
Table 52 Mea Virtual Power Plant Market, by Technology, Mw (2013-2017)
Table 53 Mea Virtual Power Plant Market, by Technology, Mw (2018-2023)
Table 54 Mea Virtual Power Plant Market, by Technology, $M (2013-2017)
Table 55 Mea Virtual Power Plant Market, by Technology, $M (2018-2023)
Table 56 Mea Virtual Power Plant Market, by Consumer, Mw (2013-2017)
Table 57 Mea Virtual Power Plant Market, by Consumer, Mw (2018-2023)
Table 58 Mea Virtual Power Plant Market, by Consumer, $M (2013-2017)
Table 59 Mea Virtual Power Plant Market, by Consumer, $M (2018-2023)
Table 60 Mea Virtual Power Plant Market, by Country, Mw (2013-2017)
Table 61 Mea Virtual Power Plant Market, by Country, Mw (2018-2023)
Table 62 Mea Virtual Power Plant Market, by Country, $M (2013-2017)
Table 63 Mea Virtual Power Plant Market, by Country, $M (2018-2023)
Table 64 Latam Virtual Power Plant Market, by Technology, Mw (2013-2017)
Table 65 Latam Virtual Power Plant Market, by Technology, Mw (2018-2023)
Table 66 Latam Virtual Power Plant Market, by Technology, $M (2013-2017)
Table 67 Latam Virtual Power Plant Market, by Technology, $M (2018-2023)
Table 68 Latam Virtual Power Plant Market, by Consumer, Mw (2013-2017)
Table 69 Latam Virtual Power Plant Market, by Consumer, Mw (2018-2023)
Table 70 Latam Virtual Power Plant Market, by Consumer, $M (2013-2017)
Table 71 Latam Virtual Power Plant Market, by Consumer, $M (2018-2023)
Table 72 Latam Virtual Power Plant Market, by Country, Mw (2013-2017)
Table 73 Latam Virtual Power Plant Market, by Country, Mw (2018-2023)
Table 74 Latam Virtual Power Plant Market, by Country, $M (2013-2017)
Table 75 Latam Virtual Power Plant Market, by Country, $M (2018-2023)
Table 76 Benchmarking of Key Players
Table 77 Enbala Power Networks - At a Glance
Table 78 Agl Energy Limited- At a Glance
Table 79 Agl Energy Limited (Agl)- Key Financial Summary
Table 80 Autogrid Systems Inc.- At a Glance
Table 81 Limejump Ltd- At a Glance
Table 82 Sunverge Energy Inc.- At a Glance
Table 83 Enernoc Inc.- At a Glance
Table 84 Enernoc Inc.- Key Financial Summary
Table 85 Engie Storage Services Na Llc- At a Glance
Table 86 Abb Group - At a Glance
Table 87 Abb Group- Key Financial Summary
Table 88 Schneider Electric Se- At a Glance
Table 89 Schneider Electric Se - Key Financial Summary
Table 90 Siemens Ag - At a Glance
Table 91 Siemens Ag - Key Financial Summary

List of Figures
Fig 1 Research Scope
Fig 2 Research Methodology
Fig 3 Regional Split of Primary and Secondary Research
Fig 4 Breakdown of Primary Research by Region
Fig 5 Breakdown of Primary Research by Industry Participant
Fig 6 Breakdown of Primary Research by Company Type
Fig 7 Data Triangulation Approach
Fig 8 Global Virtual Power Plant Market Summary
Fig 9 Opinion of Industry Experts/Kols
Fig 10 Global Virtual Power Plant Market, by Technology, Mw (2013-2023)
Fig 11 Global Virtual Power Plant Market, by Consumer, Mw (2013-2023)
Fig 12 Worldwide Major Markets For Virtual Power Plant
Fig 13 North America Virtual Power Plant Market Snapshot
Fig 14 North America Virtual Power Plant Market, by Technology, Mw (2013-2023)
Fig 15 North America Virtual Power Plant Market, by Consumer, Mw (2013-2023)
Fig 16 North America Virtual Power Plant Market, by Country, Mw (2013-2023)
Fig 17 Europe Virtual Power Plant Market Snapshot
Fig 18 Europe Virtual Power Plant Market, by Technology, Mw (2013-2023)
Fig 19 Europe Virtual Power Plant Market, by Consumer, Mw (2013-2023)
Fig 20 Europe Virtual Power Plant Market, by Country, Mw (2013-2023)
Fig 21 Apac Virtual Power Plant Market Snapshot
Fig 22 Apac Virtual Power Plant Market, by Technology, Mw (2013-2023)
Fig 23 Apac Virtual Power Plant Market, by Consumer, Mw (2013-2023)
Fig 24 Apac Virtual Power Plant Market, by Country, Mw (2013-2023)
Fig 25 Mea Virtual Power Plant Market Snapshot
Fig 26 Mea Virtual Power Plant Market, by Technology, Mw (2013-2023)
Fig 27 Mea Virtual Power Plant Market, by Consumer, Mw (2013-2023)
Fig 28 Mea Virtual Power Plant Market, by Country, Mw (2013-2023)
Fig 29 Latam Virtual Power Plant Market Snapshot
Fig 30 Latam Virtual Power Plant Market, by Technology, Mw (2013-2023)
Fig 31 Latam Virtual Power Plant Market, by Consumer, Mw (2013-2023)
Fig 32 Latam Virtual Power Plant Market, by Country, Mw (2013-2023)
Fig 33 Benchmarking of Key Players In Virtual Power Plant Market, by Technology (2017)
Fig 34 Enernoc Inc. - Revenue Split by Segment and Geography (2016)
Fig 35 Abb Group - Revenue Split by Segment and Geography (2016)
Fig 36 Schneider Electric Se- Revenue Split by Segment and Geography (2016)
Fig 37 Siemens Ag - Revenue Split by Segment (2017)
Fig 38 Siemens Ag - Revenue Split by Geography (2017)
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