Global Virtual Power Plant Market 2019-2028

MARKET OUTLOOK

According to this report, the global market for the virtual power plant is expected to display a CAGR of 21.57% during the forecast period of 2019-2028.
The rise in the adoption of decentralized power generation, an increase in renewable energy generation, and the use of cloud-based energy management systems are the key factors driving the growth of the market. Further, the development of the electric vehicle market generates an opportunity for the studied market’s progress. Australia’s virtual power market is also opening up opportunities during the anticipated period 2019-2028.

However, the lack of skilled labor and high initial investment cost are hampering the growth of the global market. Additionally, the outbreak of COVID-19 and privacy concern factors are challenging the future of this market.

REGIONAL OUTLOOK

The global virtual power plant market covers the Asia-Pacific, North America, Latin America, Europe, and the Middle East and Africa regions.
The Asia-Pacific is projected to become the fast-growing market globally during the years of 2019-2028. Due to the rise in urban development, there is a need to increase energy efficiency, enhance energy security, and reduce electricity costs. This common goal is shared by countries like China, Japan, and Australia. Moreover, other countries in this region are also focused on investing in the generation of renewable energy to decarbonize electricity generation. Earlier, Japan had initiated new energy-efficient measures to utilize the unused heat sources.

Further, the region has already moved and adopted policies to generate power from clean energy sources to reduce energy consumption in the future. Several prominent companies in this region have launched initiatives and developed strategies to improve technologies that can be used in virtual power plants for efficient energy consumption.

COMPETITIVE OUTLOOK

The key companies involved in the market include Robert Bosch, IBM Corporation, Next Kraftwerke, Enel X, Siemens, Viridity Energy, General Electric, Flexitricity Limited, Enbala, Statkraft, ABB Ltd, Schneider Electric, Open Access Technology International Inc, AutoGrid Systems Inc, and Hitachi Ltd.
The American company AutoGrid Systems Inc offers an advanced application suite for the flexible management of applications. This permits electricity retailers and renewable energy project developers to efficiently operate distributed energy resources (DERs). The AutoGrid Virtual Power Plant combines customer-owner flexible storage, distributed generation, and demand-side sources to monetize in various energy markets. Further, the company functions worldwide.

1. Global Virtual Power Plant Market - Summary

2. Industry Outlook

2.1. Market Definition
2.2. Key Insights
2.2.1. Demand Leads Technology Segment
2.2.2. Rise in Renewable Energy Generation to Drive Market
2.2.3. Integration of Blockchain Enhances Capabilities of Virtual Power Plants
2.3. Porter's Five Forces Analysis
2.3.1. Threat of New Entrants
2.3.2. Threat of Substitute
2.3.3. Bargaining Power of Suppliers
2.3.4. Bargaining Power of Buyers
2.3.5. Threat of Competitive Rivalry
2.4. Key Impact Analysis
2.4.1. Price
2.4.2. Scalability
2.4.3. Technology
2.4.4. Feasibility
2.5. Market Attractiveness Index
2.6. Vendor Scorecard
2.7. Industry Components
2.7.1. Power Producers
2.7.2. Virtual Power Plant
2.7.3. Directed Energy Operators (Dsos)
2.7.4. End-Users
2.8. Regulatory Framework
2.9. Market Drivers
2.9.1. Growing Adoption of Decentralized Power Generation
2.9.2. Increase in Renewable Energy Generation
2.9.3. Rise in Trend of Cloud-Based Energy Management Systems
2.9.4. Government Initiatives to Favor Market
2.10. Market Restraints
2.10.1. High Initial Investment
2.10.2. Lack of Skilled Professionals
2.11. Market Opportunities
2.11.1. Australian Market Possess Immense Growth Opportunities
2.11.2. Growth in Electric Vehicle Market to Generate Opportunities
2.12. Market Challenges
2.12.1. Privacy Concerns
2.13. Impact of Covid-19 Pandemic on Virtual Power Plant Market

3. Global Virtual Power Plant Market Outlook - by Technology

3.1. Demand Response
3.2. Distributed Generation
3.3. Mixed Assets

4. Global Virtual Power Plant Market Outlook - by Source

4.1. Distributed Energy Generation System
4.2. Energy Storage System

5. Global Virtual Power Plant Market Outlook - by End-User

5.1. Industrial
5.2. Commercial
5.3. Residential

6. Global Virtual Power Plant Market - Regional Outlook

6.1. North America
6.1.1. Market by Technology
6.1.2. Market by Source
6.1.3. Market by End-User
6.1.4. Country Analysis
6.1.4.1. United States
6.1.4.2. Canada
6.2. Europe
6.2.1. Market by Technology
6.2.2. Market by Source
6.2.3. Market by End-User
6.2.4. Country Analysis
6.2.4.1. United Kingdom
6.2.4.2. Germany
6.2.4.3. France
6.2.4.4. Spain
6.2.4.5. Italy
6.2.4.6. Russia
6.2.4.7. Rest of Europe
6.3. Asia-Pacific
6.3.1. Market by Technology
6.3.2. Market by Source
6.3.3. Market by End-User
6.3.4. Country Analysis
6.3.4.1. China
6.3.4.2. Japan
6.3.4.3. India
6.3.4.4. South Korea
6.3.4.5. Asean Countries
6.3.4.6. Australia & New Zealand
6.3.4.7. Rest of Asia-Pacific
6.4. Latin America
6.4.1. Market by Technology
6.4.2. Market by Source
6.4.3. Market by End-User
6.4.4. Country Analysis
6.4.4.1. Brazil
6.4.4.2. Mexico
6.4.4.3. Rest of Latin America
6.5. Middle East and Africa
6.5.1. Market by Technology
6.5.2. Market by Source
6.5.3. Market by End-User
6.5.4. Country Analysis
6.5.4.1. United Arab Emirates
6.5.4.2. Turkey
6.5.4.3. Saudi Arabia
6.5.4.4. South Africa
6.5.4.5. Rest of Middle East & Africa

7. Competitive Landscape

7.1. ABB Ltd
7.2. Autogrid Systems Inc
7.3. Statkraft
7.4. Next Kraftwerke
7.5. Enel X
7.6. General Electric
7.7. Hitachi Ltd
7.8. Flexitricity Limited
7.9. IBM Corporation
7.10. Open Access Technology International Inc
7.11. Robert Bosch
7.12. Schneider Electric
7.13. Siemens
7.14. Viridity Energy
7.15. Enbala

8. Methodology & Scope

8.1. Research Scope & Deliverables
8.2. Sources of Data
8.3. Research Methodology

List of Tables

Table 1. Global Virtual Power Plant Market, by Geography, 2019-2028 (In $ Million)
Table 2. Market Attractiveness Index
Table 3. Vendor Scorecard
Table 4. Regulatory Framework
Table 5. Global Virtual Power Plant Market, by Technology, 2019-2028 (In $ Million)
Table 6. Global Virtual Power Plant Market, by Source, 2019-2028 (In $ Million)
Table 7. Global Virtual Power Plant Market, by End-User, 2019-2028 (In $ Million)
Table 8. Global Virtual Power Plant Market, by Geography, 2019-2028 (In $ Million)
Table 9. North America Virtual Power Plant Market, by Country, 2019-2028 (In $ Million)
Table 10. North America Virtual Power Plant Market, by Technology, 2019-2028 (In $ Million)
Table 11. North America Virtual Power Plant Market, by Source, 2019-2028 (In $ Million)
Table 12. North America Virtual Power Plant Market, by End-User, 2019-2028 (In $ Million)
Table 13. Europe Virtual Power Plant Market, by Country, 2019-2028 (In $ Million)
Table 14. Europe Virtual Power Plant Market, by Technology, 2019-2028 (In $ Million)
Table 15. Europe Virtual Power Plant Market, by Source, 2019-2028 (In $ Million)
Table 16. Europe Virtual Power Plant Market, by End-User, 2019-2028 (In $ Million)
Table 17. Asia-Pacific Virtual Power Plant Market, by Country, 2019-2028 (In $ Million)
Table 18. Asia-Pacific Virtual Power Plant Market, by Technology, 2019-2028 (In $ Million)
Table 19. Asia-Pacific Virtual Power Plant Market, by Source, 2019-2028 (In $ Million)
Table 20. Asia-Pacific Virtual Power Plant Market, by End-User, 2019-2028 (In $ Million)
Table 21. Latin America Virtual Power Plant Market, by Country, 2019-2028 (In $ Million)
Table 22. Latin America Virtual Power Plant Market, by Technology, 2019-2028 (In $ Million)
Table 23. Latin America Virtual Power Plant Market, by Source, 2019-2028 (In $ Million)
Table 24. Latin America Virtual Power Plant Market, by End-User, 2019-2028 (In $ Million)
Table 25. Middle East and Africa Virtual Power Plant Market, by Country, 2019-2028 (In $ Million)
Table 26. Middle East and Africa Virtual Power Plant Market, by Technology, 2019-2028 (In $ Million)
Table 27. Middle East and Africa Virtual Power Plant Market, by Source, 2019-2028 (In $ Million)
Table 28. Middle East and Africa Virtual Power Plant Market, by End-User, 2019-2028 (In $ Million)

List of Figures

Figure 1. Porter's Five Forces Analysis
Figure 2. Key Buying Impact Analysis
Figure 3. Industry Components
Figure 4. Global Virtual Power Plant Market, by Demand Response, 2019-2028 (In $ Million)
Figure 5. Global Virtual Power Plant Market, by Distributed Generation, 2019-2028 (In $ Million)
Figure 6. Global Virtual Power Plant Market, by Mixed Assets, 2019-2028 (In $ Million)
Figure 7. Global Virtual Power Plant Market, by Distributed Energy Generation System, 2019-2028 (In $ Million)
Figure 8. Global Virtual Power Plant Market, by Energy Storage System, 2019-2028 (In $ Million)
Figure 9. Global Virtual Power Plant Market, by Industrial, 2019-2028 (In $ Million)
Figure 10. Global Virtual Power Plant Market, by Commercial, 2019-2028 (In $ Million)
Figure 11. Global Virtual Power Plant Market, by Residential, 2019-2028 (In $ Million)
Figure 12. Global Virtual Power Plant Market, Regional Outlook, 2019 and 2028 (In %)
Figure 13. United States Virtual Power Plant Market 2019-2028 (In $ Million)
Figure 14. Canada Virtual Power Plant Market 2019-2028 (In $ Million)
Figure 15. United Kingdom Virtual Power Plant Market 2019-2028 (In $ Million)
Figure 16. Germany Virtual Power Plant Market 2019-2028 (In $ Million)
Figure 17. France Virtual Power Plant Market 2019-2028 (In $ Million)
Figure 18. Spain Virtual Power Plant Market 2019-2028 (In $ Million)
Figure 19. Italy Virtual Power Plant Market 2019-2028 (In $ Million)
Figure 20. Russia Virtual Power Plant Market 2019-2028 (In $ Million)
Figure 21. Rest of Europe Virtual Power Plant Market 2019-2028 (In $ Million)
Figure 22. China Virtual Power Plant Market 2019-2028 (In $ Million)
Figure 23. Japan Virtual Power Plant Market 2019-2028 (In $ Million)
Figure 24. India Virtual Power Plant Market 2019-2028 (In $ Million)
Figure 25. South Korea Virtual Power Plant Market 2019-2028 (In $ Million)
Figure 26. Asean Countries Virtual Power Plant Market 2019-2028 (In $ Million)
Figure 27. Australia & New Zealand Virtual Power Plant Market 2019-2028 (In $ Million)
Figure 28. Rest of Asia-Pacific Virtual Power Plant Market 2019-2028 (In $ Million)
Figure 29. Brazil Virtual Power Plant Market 2019-2028 (In $ Million)
Figure 30. Mexico Virtual Power Plant Market 2019-2028 (In $ Million)
Figure 31. Rest of Latin America Virtual Power Plant Market 2019-2028 (In $ Million)
Figure 32. United Arab Emirates Virtual Power Plant Market 2019-2028 (In $ Million)
Figure 33. Turkey Virtual Power Plant Market 2019-2028 (In $ Million)
Figure 34. Saudi Arabia Virtual Power Plant Market 2019-2028 (In $ Million)
Figure 35. South Africa Virtual Power Plant Market 2019-2028 (In $ Million)
Figure 36. Rest of Middle East & Africa Virtual Power Plant Market 2019-2028 (In $ Million)