Global Virtual Power Plant Market 2019-2025

Global Virtual Power Plant Market Size, Share & Trends Analysis Report by Technology (Distribution Generation, Demand Response, and Mixed Asset), By End-User (Residential and Non-Residential) and Forecast, 2019-2025.

The virtual power plant is a collection of distributed energy resources (DER) that can be utilized to make contracts in the wholesale market and to provide services to the system operator. There are various factors that contribute to the growth of virtual power plant market such as the growing demand for energy and rising demand of renewable energy sources. Additionally, rising trends towards distributed energy sources is augmenting the growth of the virtual power plant market during the forecast period. However, health related risk due to the radio frequency and electromagnetic frequency (EMF) revelation would restrain the global virtual power plant market. Moreover, increasing adoption of electric vehicles and the advancement of smart grids would provide the growth opportunity during the forecast period.

Geographically, the global virtual power plant market is classified into North America, Europe, Asia-Pacific and Rest of the World. North American virtual power plant market is projected to have a significant market share due to the shift towards distributed energy source from a centralized energy source in the region. The Asia-Pacific market is estimated to have significant growth in the global virtual power plant market. The market growth is attributed due to the rising adoption of renewable energy sources coupled with increasing environmental pollutions in the emerging economies such as China, India, and others.

Moreover, the global virtual power plant market is influenced by product development and technological advancements offered by the market players. The key players of the virtual power plant market include ABB, Ltd., Cisco Systems, Inc., General Electric Co., Hitachi, Ltd., IBM Corp., Robert Bosch GmbH, Siemens AG, Spirae, LLC, Autogrid Systems, Inc., Toshiba Corp., and others. These players are playing a significant role in the growth of the virtual power plant market by providing various products and adopting several strategies such as a merger and acquisition, partnerships, collaboration, and others.

Research Methodology

The market study of the global virtual power plant market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.

Secondary Sources Include

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalogue

The report is intended for virtual power plant systems providers, Distributed Energy Generation Solution Providers, government, and private organizations for overall market analysis and competitive analysis. The report provides an in-depth analysis of the market size and growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation

1. Global virtual power plant Market Research and Analysis, By Technology
2. Global virtual power plant Market Research and Analysis, By End-User

The Report Covers

• Comprehensive research methodology of the global virtual power plant market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global virtual power plant market.
• Insights about market determinants which are stimulating the global virtual power plant market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.