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Peer to Peer Lending Market By Business Model, Type, and End User: Global Opportunity Analysis and Industry Forecast, 2020-2027

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    Report

  • 250 Pages
  • May 2020
  • Region: Global
  • Allied Market Research
  • ID: 5125481
Description Jump to:
The global virtual power plant market was valued at $1.3 billion in 2019, and is projected to reach $5.9 billion by 2027, growing at a CAGR of 21.3% from 2020 to 2027.



Virtual power plant, an aggregated decentralized power plant, consisting of decentralized power systems with the purpose to integrate different distributed energy sources such as solar PV cells, wind turbines, and hydroelectric plants. Additionally, virtual power plant offers efficient power generation even at peak load periods with a scope to trade or sell power in trading market. Virtual power plant is medium scale power generating unit integrating different renewable energy sources for solar, wind and other flexible power consumers and storage systems. A virtual power plant consists of different mixed assets that are connected via central control system processing wide range of information, such as current prices at the power exchange, price and weather forecasts, and grid information of the system operators.

Growing penetration for renewable energy in power generation sector coupled with shifting trend of power grids from centralized to distributed is expected to drive the market growth. Further reduction in energy cost and easy accessibility of energy storage will boost the market demand. For instance, Tesla reported in their recent virtual power plant project 70% decrease in grid consumption, while bills have been reduced by up to 30%. Additionally, VPP is highly efficient and flexible to deliver during the peak load electricity in a short notice period compared to conventional power plant set up that will further drive the market growth. Flexibility in trading with virtual power plant due to price volatility attracted lot of new participants. Customers can sell excess energy at trade market as well as buy energy at lower price. Such features of virtual power plant is expected to further fuel the demand. However, high-frequency of electromagnetic and radio waves leads to health concerns in infants and old people, which may hamper this growth. Nonetheless, stringent government regulations regarding eco-friendly power generation will further enhance the market for renewable energy, thus fueling the demand for virtual power plant market.

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

Major players have adopted product launch, business expansion, and partnerships to sustain the intense market competition. The key players profiled in the report include ABB Ltd., AGL Energy, AutoGrid Systems, Inc., Enbala Power Networks, Enel X Inc., General Electric Company, Siemens AG, Schneider Electric SE, Limejump Ltd., and others.

KEY BENEFITS FOR STAKEHOLDERS
  • The global virtual power plant market analysis covers in-depth information of major industry participants.
  • Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
  • Major countries have been mapped according to their individual revenue contribution to the regional market.
  • The report provides an in-depth analysis of the global virtual power plant market forecast for the period 2020–2027.
  • The report outlines the current global virtual power plant market trends and future estimations of the global virtual power plant market from 2019 to 2027 to understand the prevailing opportunities and potential investment pockets.
  • The key drivers, restraints, and global virtual power plant market opportunity and their detailed impact analysis is elucidated in the study.

KEY MARKET SEGMENTS

By Technology
  • Distribution Generation
  • Demand Response
  • Mixed Asset

By End User
  • Commercial
  • Industrial
  • Residential

By Region
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest of LAMEA
Frequently Asked Questions about the Global Virtual Power Plant Market

What is the estimated value of the Global Virtual Power Plant Market?

The Global Virtual Power Plant Market was estimated to be valued at $1.3 billion in 2019.

What is the growth rate of the Global Virtual Power Plant Market?

The growth rate of the Global Virtual Power Plant Market is 20.8%, with an estimated value of $5.9 billion by 2027.

What is the forecasted size of the Global Virtual Power Plant Market?

The Global Virtual Power Plant Market is estimated to be worth $5.9 billion by 2027.

Who are the key companies in the Global Virtual Power Plant Market?

Key companies in the Global Virtual Power Plant Market include Avant Inc., Funding Circle Limited, Kabbage Inc., Lending Club Corporation, LendingTree LLC, On Deck Capital Inc., Prosper Marketplace Inc., RateSetter, Social Finance Inc. and Zopa Limited.
Report AttributeDetails
No. of Pages250
PublishedMay 2020
Forecast Period2019 - 2027
Estimated Market Value ( USD ) in 2019 $ 1.3 billion
Forecasted Market Value ( USD ) by 2027 $ 5.9 billion
Compound Annual Growth Rate20.8%
Regions CoveredGlobal
No. of Companies Mentioned10

Table of Contents

Chapter 1: Market Overview
1.1. Market Definition and Scope
1.2. Key Forces Shaping Global Peer to Peer Lending Market
1.3. Market Dynamics
1.3.1. Drivers
1.3.1.1. Lesser Operating Cost and Low Market Risk
1.3.1.2. Technologically Advanced With Added Transparency Over Traditional Banking System
1.3.2. Restraints
1.3.2.1. Risk of Losing All Money and Higher Government Restraints
1.3.2.2. Lesser Awareness of P2P Lending Benefits Among Population
1.3.3. Opportunities
1.3.3.1. Growing Chinese Market and Rise of Small Business Lending
Chapter 2: Global Peer to Peer Lending Market, by Business Model
2.1. Overview
2.2. Traditional Lending
2.2.1. Key Market Trends, Growth Factors and Opportunities
2.2.2. Market Size and Forecast, by Region
2.2.3. Market Analysis, by Country
2.3. Alternate Marketplace Lending
2.3.1. Key Market Trends, Growth Factors and Opportunities
2.3.2. Market Size and Forecast, by Region
2.3.3. Market Analysis, by Country
Chapter 3: Global Peer to Peer Lending Market, by Loan Type
3.1. Overview
3.2. Consumer Credit Loans
3.2.1. Key Market Trends, Growth Factors and Opportunities
3.2.2. Market Size and Forecast, by Region
3.2.3. Market Analysis, by Country
3.3. Small Business Loans
3.3.1. Key Market Trends, Growth Factors, and Opportunities
3.3.2. Market Size and Forecast, by Region
3.3.3. Market Analysis, by Country
3.4. Student Loans
3.4.1. Key Market Trends, Growth Factors, and Opportunities
3.4.2. Market Size and Forecast, by Region
3.4.3. Market Analysis, by Country
3.5. Real Estate Loans
3.5.1. Key Market Trends, Growth Factors, and Opportunities
3.5.2. Market Size and Forecast, by Region
3.5.3. Market Analysis, by Country
Chapter 4: Global Peer to Peer Lending Market, by End-user
4.1. Overview
4.2. Business
4.2.1. Key Market Trends, Growth Factors and Opportunities
4.2.2. Market Size and Forecast, by Region
4.2.3. Market Analysis, by Country
4.3. Personal
4.3.1. Key Market Trends, Growth Factors and Opportunities
4.3.2. Market Size and Forecast, by Region
4.3.3. Market Analysis, by Country
Chapter 5: Peer to Peer Lending Market, by Region
5.1. Overview
5.1.1. Market Size and Forecast, by Region
5.2. North America
5.2.1. Key Market Trends, Growth Factors, and Opportunities
5.2.2. Market Size and Forecast, by Business Model
5.2.3. Market Size and Forecast, by Loan Type
5.2.4. Market Size and Forecast, by End-user
5.2.5. Market Analysis, by Country
5.2.5.2. U. S.
5.2.5.2.1. Market Size and Forecast, by Business Model
5.2.5.2.2. Market Size and Forecast, by Loan Type
5.2.5.2.3. Market Size and Forecast, by End-user
5.2.5.3. Canada
5.2.5.3.1. Market Size and Forecast, by Business Model
5.2.5.3.2. Market Size and Forecast, by Loan Type
5.2.5.3.3. Market Size and Forecast, by End-user
5.3. Europe
5.3.1. Key Market Trends, Growth Factors and Opportunities
5.3.2. Market Size and Forecast, by Business Model
5.3.3. Market Size and Forecast, by Loan Type
5.3.4. Market Size and Forecast, by End-user
5.3.5. Market Analysis, by Country
5.3.5.1. UK
5.3.5.1.1. Market Size and Forecast, by Business Model
5.3.5.1.2. Market Size and Forecast, by Loan Type
5.3.5.1.3. Market Size and Forecast, by End-user
5.3.5.2. Germany
5.3.5.2.1. Market Size and Forecast, by Business Model
5.3.5.2.2. Market Size and Forecast, by Loan Type
5.3.5.2.3. Market Size and Forecast, by End-user
5.3.5.3. France
5.3.5.3.1. Market Size and Forecast, by Business Model
5.3.5.3.2. Market Size and Forecast, by Loan Type
5.3.5.3.3. Market Size and Forecast, by End-user
5.3.5.4. Netherlands
5.3.5.4.1. Market Size and Forecast, by Business Model
5.3.5.4.2. Market Size and Forecast, by Loan Type
5.3.5.4.3. Market Size and Forecast, by End-user
5.3.5.5. Spain
5.3.5.5.1. Market Size and Forecast, by Business Model
5.3.5.5.2. Market Size and Forecast, by Loan Type
5.3.5.5.3. Market Size and Forecast, by End-user
5.3.5.6. Italy
5.3.5.6.1. Market Size and Forecast, by Business Model
5.3.5.6.2. Market Size and Forecast, by Loan Type
5.3.5.6.3. Market Size and Forecast, by End-user
5.3.5.7. Rest of Europe
5.3.5.7.1. Market Size and Forecast, by Business Model
5.3.5.7.2. Market Size and Forecast, by Loan Type
5.3.5.7.3. Market Size and Forecast, by End-user
5.4. Asia-Pacific
5.4.1. Key Market Trends, Growth Factors and Opportunities
5.4.2. Market Size and Forecast, by Business Model
5.4.3. Market Size and Forecast, by Loan Type
5.4.4. Market Size and Forecast, by End-user
5.4.5. Market Analysis, by Country
5.4.5.1. Australia
5.4.5.1.1. Market Size and Forecast, by Business Model
5.4.5.1.2. Market Size and Forecast, by Loan Type
5.4.5.1.3. Market Size and Forecast, by End-user
5.4.5.2. India
5.4.5.2.1. Market Size and Forecast, by Business Model
5.4.5.2.2. Market Size and Forecast, by Loan Type
5.4.5.2.3. Market Size and Forecast, by End-user
5.4.5.3. Japan
5.4.5.3.1. Market Size and Forecast, by Business Model
5.4.5.3.2. Market Size and Forecast, by Loan Type
5.4.5.3.3. Market Size and Forecast, by End-user
5.4.5.4. South Korea
5.4.5.4.1. Market Size and Forecast, by Business Model
5.4.5.4.2. Market Size and Forecast, by Loan Type
5.4.5.4.3. Market Size and Forecast, by End-user
5.4.5.5. Singapore
5.4.5.5.1. Market Size and Forecast, by Business Model
5.4.5.5.2. Market Size and Forecast, by Loan Type
5.4.5.5.3. Market Size and Forecast, by End-user
5.4.5.6. Rest of Asia-Pacific
5.4.5.6.1. Market Size and Forecast, by Business Model
5.4.5.6.2. Market Size and Forecast, by Loan Type
5.4.5.6.3. Market Size and Forecast, by End-user
5.5. LAMEA
5.5.1. Key Market Trends, Growth Factors and Opportunities
5.5.2. Market Size and Forecast, by Business Model
5.5.3. Market Size and Forecast, by Loan Type
5.5.4. Market Size and Forecast, by End-user
5.5.5. Market Analysis, by Country
5.5.5.1. Latin America
5.5.5.1.1. Market Size and Forecast, by Business Model
5.5.5.1.2. Market Size and Forecast, by Loan Type
5.5.5.1.3. Market Size and Forecast, by End-user
5.5.5.2. Middle East
5.5.5.2.1. Market Size and Forecast, by Business Model
5.5.5.2.2. Market Size and Forecast, by Loan Type
5.5.5.2.3. Market Size and Forecast, by End-user
5.5.5.3. Africa
5.5.5.3.1. Market Size and Forecast, by Business Model
5.5.5.3.2. Market Size and Forecast, by Loan Type
5.5.5.3.3. Market Size and Forecast, by End-user
Chapter 6: Company Profiles
6.1. Avant, LLC.
6.1.1. Company Overview
6.1.2. Key Executives
6.1.3. Company Snapshot
6.1.4. Product Portfolio
6.1.5. Key Strategic Moves and Developments
6.2. Funding Circle
6.2.1. Company Overview
6.2.2. Key Executives
6.2.3. Company Snapshot
6.2.4. Product Portfolio
6.2.5. Key Strategic Moves and Developments
6.3. Kabbage Inc.
6.3.1. Company Overview
6.3.2. Key Executives
6.3.3. Company Snapshot
6.3.4. Product Portfolio
6.3.5. Key Strategic Moves and Developments
6.4. Lending Club Corporation
6.4.1. Company Overview
6.4.2. Key Executives
6.4.3. Company Snapshot
6.4.4. Product Portfolio
6.4.5. Business Performance
6.4.6. Key Strategic Moves and Developments
6.5. Lendingtree, LLC
6.5.1. Company Overview
6.5.2. Key Executives
6.5.3. Company Snapshot
6.5.4. Operating Business Segments
6.5.5. Product Portfolio
6.5.6. Business Performance
6.6. Ondeck
6.6.1. Company Overview
6.6.2. Key Executives
6.6.3. Company Snapshot
6.6.4. Product Portfolio
6.6.5. Business Performance
6.6.6. Key Strategic Moves and Developments
6.7. Prosper Funding LLC
6.7.1. Company Overview
6.7.2. Key Executives
6.7.3. Company Snapshot
6.7.4. Product Portfolio
6.7.5. Business Performance
6.7.6. Key Strategic Moves and Developments
6.8. Ratesetter
6.8.1. Company Overview
6.8.2. Key Executives
6.8.3. Company Snapshot
6.8.4. Product Portfolio
6.8.5. Business Performance
6.8.6. Key Strategic Moves and Developments
6.9. Social Finance, Inc
6.9.1. Company Overview
6.9.2. Key Executives
6.9.3. Company Snapshot
6.9.4. Product Portfolio
6.9.5. Key Strategic Moves and Developments
6.10. Zopa Bank Limited
6.10.1. Company Overview
6.10.2. Key Executives
6.10.3. Company Snapshot
6.10.4. Product Portfolio
6.10.5. Key Strategic Moves and Developments

Executive Summary

According to the report titled, 'Peer to Peer Lending Market By Business Model, Type, and End User: Opportunity Analysis and Industry Forecast, 2020-2027', the global peer to peer (P2P) lending market was valued at $67.93 billion in 2019, and is projected to reach $558.91 billion by 2027, growing at a CAGR of 29.7% from 2020 to 2027.

Peer to peer (P2P) lending, also referred to as market place lending, is a method of online debt financing, which allows creditors to lend varying sums of money to small business and individual borrowers. P2P lending transactions are not only economical for borrowers but also a profitable investment opportunity for retail lenders. Moreover, it allows individuals to give loans to other individuals or participate in pools of loans, thus limiting the market risk. Although P2P companies do not lend their own funds, they act as mediators to both borrower and lender.

Furthermore, low operating cost and minimal market risk for lenders and borrowers are the major factors driving the growth of the market. In addition, digitization in the banking sectors, which adds to the transparency over traditional banking system fuels the growth of the market.

However, risk of losing all money coupled with implementation of stringent government regulations for loan processing and low awareness of P2P lending benefits among population hamper the growth of the market. On the contrary, development of the Chinese market, which has led to increase in number of lenders and borrowers across the country, and rise number of small business lending entities are expected to provide remunerative opportunities for the expansion of the global peer to peer lending market growth during the forecast period.

By business model, the global peer to peer lending market was led by the traditional lending segment in 2019, and is projected to maintain this trend in the near future. This is attributed to rise in adoption of traditional P2P lending in developing nations and lack of availability of modern technologies. However, the market place lending model is gradually being adopted across the globe, and is anticipated to surpass the traditional model in the next few years. Thus, providing a lucrative opportunity for the peer to peer lending market trends.

The global peer to peer lending market industry was dominated by China in 2019, attributable to increase in trend of online market place lending in China and rise in greater knowledge among the investors and borrowers in alternate funding process. However, India is expected to witness the highest growth rate during the forecast period, due to rise in penetration of digital lending supported by increase in number of start-ups and several government initiatives to increase the P2P lending firms across the country.

Key Findings of the Study:

On the basis of business model, the traditional lending segment led the peer to peer lending market size, in terms of revenue in 2019.
By type, the business model segment garnered the highest peer to peer lending market share in 2019.
In Europe, UK generated the highest revenue in 2019.
Depending on end user, the small business loan segment is anticipated to exhibit substantial growth during the forecast period.

The key players operating in the peer to peer lending market analysis are Avant Inc., Funding Circle Limited, Kabbage Inc., Lending Club Corporation, LendingTree, LLC, On Deck Capital, Inc., Prosper Marketplace Inc., RateSetter, Social Finance Inc., and Zopa Limited.. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.

Companies Mentioned

  • Avant Inc.
  • Funding Circle Limited
  • Kabbage Inc.
  • Lending Club Corporation
  • LendingTree LLC
  • On Deck Capital Inc.
  • Prosper Marketplace Inc.
  • RateSetter
  • Social Finance Inc.
  • Zopa Limited

Methodology

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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