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Virtual Power Plants - Global Strategic Business Report

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    Report

  • 245 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4806189
The global market for Virtual Power Plants is estimated at US$701.6 Million in 2023 and is projected to reach US$3.7 Billion by 2030, growing at a CAGR of 22.9% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Demand Response Technology segment, which is expected to reach US$2.8 Billion by 2030 with a CAGR of 22.6%. The Distributed Generation Technology segment is also set to grow at 21.2% CAGR over the next 8 years.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $407.7 Million in 2023, and China, forecasted to grow at an impressive 28.9% CAGR to reach $231.2 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Virtual Power Plants Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Virtual Power Plants Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Virtual Power Plants Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as IBM Corporation, Siemens AG, General Electric Company, and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 40 Featured):

  • IBM Corporation
  • Siemens AG
  • General Electric Company
  • Schneider Electric SE
  • Open Access Technology International, Inc.
  • Enel X North America, Inc.
  • ENBALA Power Networks, Inc.
  • EnBW Energie Baden-Wuerttemberg AG
  • Advanced Microgrid Solutions (AMS)
  • Blue Pillar, Inc.
  • Power Analytics Corporation
  • AGL Energy Ltd.
  • Energy Pool Developpement SAS
  • Power Technology Engineered Solutions
  • Equiwatt

MarketGlass Platform

Our reports are enhanced by the MarketGlass platform, which brings together industry experts and influencers to provide high-quality, accurate insights. This unique platform allows us to gather comprehensive data and market perspectives, ensuring you receive the most reliable and detailed analysis available.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Virtual Power Plants - Global Key Competitors Percentage Market Share in 2023 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
  • Growing Investments in Energy Infrastructure: The Cornerstone for Growth in the Market
  • Growing Investments in Energy Infrastructure Provides a Launch Pad for the Rise & Proliferation of VPPs: Estimated Global Power Generation Infrastructure Requirement (in US$ Billion) for China, India, Latin America, and North America over the Period 2010-2030
  • How the Energy Industry is Impacted by the Pandemic & What’s the New Normal?
  • Global Energy Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
  • Global Utilities Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
  • Virtual Power Plants (VPPs): Meaning, Importance, Functioning & Benefits
  • Recent Market Activity
  • Innovations
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Distributed Energy Generation: A Key Energy Transformation Goal & Foundation for the Rise of the Concept of Virtual Power Plants (VPPs)
  • Role of Virtual Power Plants (VPP) in a Decentralized Power Grid
  • Growing Value of Demand Response (DR) Throws the Focus on VPPs as an Effective Tool to Achieve DR Goals
  • Rise of Smart Cities & Smart Grids Bodes Well for Increased Investments in VPPs
  • Smart Grid: A Critical Part of Energy Infrastructure in Smart Cities & a Strong Business Case for VPPs
  • Global Smart Grid Market Opportunity (In US$ Billion) for Years 2021, 2023 & 2024
  • Growing Digitalization of Energy to Further Spur the Rise of VPPs
  • Special Focus on Energy Digitalization
  • Global Opportunities for Digital Technologies in the Energy Industry by Segment (In US$ Billion)
  • IoT Makes Electricity Generation Efficient, Affordable and Sustainable: Global IoT in Energy Market (In US$ Billion) for the Years 2019, 2021, 2023, 2025 & 2026
  • Optimal Management of Renewable Energy Sources Throws the Spotlight on VPPs
  • Rise of Renewables Throws the Spotlight on VPPs: Global Projected Net Capacity Additions of Renewable Energy (In GW) for the Period 2019 to 2024
  • Growing Share of Renewables Against the Backdrop of the Focus on Decarbonization of Human Civilization to Open New Opportunities for VPPs: World Energy Production (In Billion Kilowatt Hours) by Energy Source for the Years 2020, 2030 and 2040
  • Concept of Blockchain-Based Decentralized Virtual Power Plants Gains Momentum & Preeminence
  • Global Market for Blockchain Technology in the Energy Sector (In US$ Billion) for Years 2020, 2022, 2024 & 2026
  • Rise in Energy Trading to Benefit Market Growth
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Virtual Power Plants by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 2: World 7-Year Perspective for Virtual Power Plants by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2024 & 2030
  • Table 3: World Recent Past, Current & Future Analysis for Demand Response by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 4: World 7-Year Perspective for Demand Response by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • Table 5: World Recent Past, Current & Future Analysis for Distributed Generation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 6: World 7-Year Perspective for Distributed Generation by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Mixed Asset by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 8: World 7-Year Perspective for Mixed Asset by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • Table 9: World Recent Past, Current & Future Analysis for Industrial & Commercial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 10: World 7-Year Perspective for Industrial & Commercial by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • Table 11: World Recent Past, Current & Future Analysis for Residential by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 12: World 7-Year Perspective for Residential by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • Table 13: World Virtual Power Plants Market Analysis of Annual Sales in US$ Thousand for Years 2020 through 2030
III. MARKET ANALYSIS
UNITED STATES
  • Virtual Power Plants Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
  • Table 14: USA Recent Past, Current & Future Analysis for Virtual Power Plants by Technology - Demand Response, Distributed Generation and Mixed Asset - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 15: USA 7-Year Perspective for Virtual Power Plants by Technology - Percentage Breakdown of Value Revenues for Demand Response, Distributed Generation and Mixed Asset for the Years 2024 & 2030
  • Table 16: USA Recent Past, Current & Future Analysis for Virtual Power Plants by End-Use - Industrial & Commercial and Residential - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 17: USA 7-Year Perspective for Virtual Power Plants by End-Use - Percentage Breakdown of Value Revenues for Industrial & Commercial and Residential for the Years 2024 & 2030
CANADA
  • Table 18: Canada Recent Past, Current & Future Analysis for Virtual Power Plants by Technology - Demand Response, Distributed Generation and Mixed Asset - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 19: Canada 7-Year Perspective for Virtual Power Plants by Technology - Percentage Breakdown of Value Revenues for Demand Response, Distributed Generation and Mixed Asset for the Years 2024 & 2030
  • Table 20: Canada Recent Past, Current & Future Analysis for Virtual Power Plants by End-Use - Industrial & Commercial and Residential - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 21: Canada 7-Year Perspective for Virtual Power Plants by End-Use - Percentage Breakdown of Value Revenues for Industrial & Commercial and Residential for the Years 2024 & 2030
JAPAN
  • Virtual Power Plants Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
  • Table 22: Japan Recent Past, Current & Future Analysis for Virtual Power Plants by Technology - Demand Response, Distributed Generation and Mixed Asset - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 23: Japan 7-Year Perspective for Virtual Power Plants by Technology - Percentage Breakdown of Value Revenues for Demand Response, Distributed Generation and Mixed Asset for the Years 2024 & 2030
  • Table 24: Japan Recent Past, Current & Future Analysis for Virtual Power Plants by End-Use - Industrial & Commercial and Residential - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 25: Japan 7-Year Perspective for Virtual Power Plants by End-Use - Percentage Breakdown of Value Revenues for Industrial & Commercial and Residential for the Years 2024 & 2030
CHINA
  • Virtual Power Plants Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
  • Table 26: China Recent Past, Current & Future Analysis for Virtual Power Plants by Technology - Demand Response, Distributed Generation and Mixed Asset - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 27: China 7-Year Perspective for Virtual Power Plants by Technology - Percentage Breakdown of Value Revenues for Demand Response, Distributed Generation and Mixed Asset for the Years 2024 & 2030
  • Table 28: China Recent Past, Current & Future Analysis for Virtual Power Plants by End-Use - Industrial & Commercial and Residential - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 29: China 7-Year Perspective for Virtual Power Plants by End-Use - Percentage Breakdown of Value Revenues for Industrial & Commercial and Residential for the Years 2024 & 2030
EUROPE
  • Virtual Power Plants Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
  • Table 30: Europe Recent Past, Current & Future Analysis for Virtual Power Plants by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 31: Europe 7-Year Perspective for Virtual Power Plants by Geographic Region - Percentage Breakdown of Value Revenues for France, Germany, Italy, UK and Rest of Europe Markets for Years 2024 & 2030
  • Table 32: Europe Recent Past, Current & Future Analysis for Virtual Power Plants by Technology - Demand Response, Distributed Generation and Mixed Asset - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 33: Europe 7-Year Perspective for Virtual Power Plants by Technology - Percentage Breakdown of Value Revenues for Demand Response, Distributed Generation and Mixed Asset for the Years 2024 & 2030
  • Table 34: Europe Recent Past, Current & Future Analysis for Virtual Power Plants by End-Use - Industrial & Commercial and Residential - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 35: Europe 7-Year Perspective for Virtual Power Plants by End-Use - Percentage Breakdown of Value Revenues for Industrial & Commercial and Residential for the Years 2024 & 2030
FRANCE
  • Virtual Power Plants Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
  • Table 36: France Recent Past, Current & Future Analysis for Virtual Power Plants by Technology - Demand Response, Distributed Generation and Mixed Asset - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 37: France 7-Year Perspective for Virtual Power Plants by Technology - Percentage Breakdown of Value Revenues for Demand Response, Distributed Generation and Mixed Asset for the Years 2024 & 2030
  • Table 38: France Recent Past, Current & Future Analysis for Virtual Power Plants by End-Use - Industrial & Commercial and Residential - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 39: France 7-Year Perspective for Virtual Power Plants by End-Use - Percentage Breakdown of Value Revenues for Industrial & Commercial and Residential for the Years 2024 & 2030
GERMANY
  • Virtual Power Plants Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
  • Table 40: Germany Recent Past, Current & Future Analysis for Virtual Power Plants by Technology - Demand Response, Distributed Generation and Mixed Asset - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 41: Germany 7-Year Perspective for Virtual Power Plants by Technology - Percentage Breakdown of Value Revenues for Demand Response, Distributed Generation and Mixed Asset for the Years 2024 & 2030
  • Table 42: Germany Recent Past, Current & Future Analysis for Virtual Power Plants by End-Use - Industrial & Commercial and Residential - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 43: Germany 7-Year Perspective for Virtual Power Plants by End-Use - Percentage Breakdown of Value Revenues for Industrial & Commercial and Residential for the Years 2024 & 2030
ITALY
  • Table 44: Italy Recent Past, Current & Future Analysis for Virtual Power Plants by Technology - Demand Response, Distributed Generation and Mixed Asset - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 45: Italy 7-Year Perspective for Virtual Power Plants by Technology - Percentage Breakdown of Value Revenues for Demand Response, Distributed Generation and Mixed Asset for the Years 2024 & 2030
  • Table 46: Italy Recent Past, Current & Future Analysis for Virtual Power Plants by End-Use - Industrial & Commercial and Residential - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 47: Italy 7-Year Perspective for Virtual Power Plants by End-Use - Percentage Breakdown of Value Revenues for Industrial & Commercial and Residential for the Years 2024 & 2030
UNITED KINGDOM
  • Virtual Power Plants Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
  • Table 48: UK Recent Past, Current & Future Analysis for Virtual Power Plants by Technology - Demand Response, Distributed Generation and Mixed Asset - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 49: UK 7-Year Perspective for Virtual Power Plants by Technology - Percentage Breakdown of Value Revenues for Demand Response, Distributed Generation and Mixed Asset for the Years 2024 & 2030
  • Table 50: UK Recent Past, Current & Future Analysis for Virtual Power Plants by End-Use - Industrial & Commercial and Residential - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 51: UK 7-Year Perspective for Virtual Power Plants by End-Use - Percentage Breakdown of Value Revenues for Industrial & Commercial and Residential for the Years 2024 & 2030
REST OF EUROPE
  • Table 52: Rest of Europe Recent Past, Current & Future Analysis for Virtual Power Plants by Technology - Demand Response, Distributed Generation and Mixed Asset - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 53: Rest of Europe 7-Year Perspective for Virtual Power Plants by Technology - Percentage Breakdown of Value Revenues for Demand Response, Distributed Generation and Mixed Asset for the Years 2024 & 2030
  • Table 54: Rest of Europe Recent Past, Current & Future Analysis for Virtual Power Plants by End-Use - Industrial & Commercial and Residential - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 55: Rest of Europe 7-Year Perspective for Virtual Power Plants by End-Use - Percentage Breakdown of Value Revenues for Industrial & Commercial and Residential for the Years 2024 & 2030
ASIA-PACIFIC
  • Virtual Power Plants Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
  • Table 56: Asia-Pacific Recent Past, Current & Future Analysis for Virtual Power Plants by Technology - Demand Response, Distributed Generation and Mixed Asset - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 57: Asia-Pacific 7-Year Perspective for Virtual Power Plants by Technology - Percentage Breakdown of Value Revenues for Demand Response, Distributed Generation and Mixed Asset for the Years 2024 & 2030
  • Table 58: Asia-Pacific Recent Past, Current & Future Analysis for Virtual Power Plants by End-Use - Industrial & Commercial and Residential - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 59: Asia-Pacific 7-Year Perspective for Virtual Power Plants by End-Use - Percentage Breakdown of Value Revenues for Industrial & Commercial and Residential for the Years 2024 & 2030
REST OF WORLD
  • Table 60: Rest of World Recent Past, Current & Future Analysis for Virtual Power Plants by Technology - Demand Response, Distributed Generation and Mixed Asset - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 61: Rest of World 7-Year Perspective for Virtual Power Plants by Technology - Percentage Breakdown of Value Revenues for Demand Response, Distributed Generation and Mixed Asset for the Years 2024 & 2030
  • Table 62: Rest of World Recent Past, Current & Future Analysis for Virtual Power Plants by End-Use - Industrial & Commercial and Residential - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 63: Rest of World 7-Year Perspective for Virtual Power Plants by End-Use - Percentage Breakdown of Value Revenues for Industrial & Commercial and Residential for the Years 2024 & 2030
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • IBM Corporation
  • Siemens AG
  • General Electric Company
  • Schneider Electric SE
  • Open Access Technology International, Inc.
  • Enel X North America, Inc.
  • ENBALA Power Networks, Inc.
  • EnBW Energie Baden-Wuerttemberg AG
  • Advanced Microgrid Solutions (AMS)
  • Blue Pillar, Inc.
  • Power Analytics Corporation
  • AGL Energy Ltd.
  • Energy Pool Developpement SAS
  • Power Technology Engineered Solutions
  • Equiwatt

Table Information