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Global Virtual Power Plant Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

  • ID: 5543266
  • Report
  • February 2022
  • Region: Global
  • 153 Pages
  • Insure Insights
The global Virtual Power Plant market is anticipated to rise at a value CAGR of 25.49% over 2019-2028. According to a study published by Insure Insights on the Global Virtual Power Plant Market. A virtual power plant is a cloud-based distributed power plant that combines the capacities of heterogeneous distributed energy resources to enhance power generation, as well as trading or selling power on the electricity market. The rise in the share of renewable energy in the power generation mix and reduced costs of solar generation and energy storage are driving the growth of the Global Virtual Power Plant Market

Top Driver: The rise in the awareness about the Need for power distribution is driving the Market

There has been a significant rise in awareness about the need for power distribution. The surge in smaller power plant installations, The rise in the penetration of smart grid technologies are driving the market growth, The Rise in the popularity of electric vehicles, and the Shift from centralized to distributed generation power is boosting the overall growth of the Market. The strict government regulation for eco-friendly power generation is propelling market growth.

Demand Response Obtains the Highest Contribution To The Overall Market Growth

Based on the Technology segment, there has been a significant increase in the demand of the Demand response due to the rise in the modernization with the advanced virtual power plant industry. Furthermore, as end-users earn incentives by managing power usage and a significant decrease in electricity consumption on a large scale has further propelled the growth.

Based on the end-user segment, the Commercial & Industrial sector have obtained the most significant growth as they’re the major adopters of virtual power plant solutions and services. Furthermore, the surge in demand for electricity in the remote areas, along with the need for reliable backup power systems and growing applications of distributed Power generated at the site or near the point for Industrial use is further promoting the overall growth of the market

North America Rule the regional Market due to the rapid use of renewables

North America has dominated the market growth due to the rise in the usage of renewables to reduce carbon footprint. The rising demand for Power and stringent government regulations on energy efficiency are escalating regional market growth. The cost-effectiveness of solar PV and battery energy storage is further expanding regional market growth. The rapid industrialization and the increase in the demand for management of distributed energy are further driving the market growth.

Product Launches, Collaborations, Mergers, and acquisition are the major strategies of the competitors

The Players of the Global Virtual Power Plant Market are fragmented. The competitors focus on making Product Launches, acquisitions, collaborations and are their key strategies for the overall growth. The key competitors of the Global Virtual Power Plant Market are ABB Ltd., Siemens AG, Schneider Electric SE, General Electric EnerNOC, Inc., Comverge, Inc., Limejump, Alstom Grid, Bosch, GE Digital Energy, and Power Analytics.

ABB Ltd: ABB Ltd. is a giant competitor of the Global Virtual Power Plant Market; for instance, in the year 2018, ABB had announced the launch of OPTIMAX, for Industrials and Commercials and Virtual Power Plants. It was launched to help industrial, commercial, and power generation companies to reduce energy costs and site emissions by improving the aggregation and dispatch of energy sources.

Siemens AG: Siemens AG are popular in the Global Virtual Power Plant Market. In May 2019, Siemens AG had announced the launch of a virtual power plant service platform. It was designed to make it possible to combine the small electrical loads of buildings or industrial sites so that the building operators can sell energy back to the reserve market; the ultimate goal was to increase the flexibility of the electricity market as a whole.

Scope of the Report


By Technology

  • Demand Response
  • Distributed Generation
  • Mixed Asset

By End-User

  • Industrial and Commercial
  • Residential

By Region

  • North America
  • Europe
  • Asia Pacific
  • LAMEA

Key Reasons to Purchase this Report


1. It provides a technological development map over time to understand the growth rate of the industry.
2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
3. It renders a definite analysis for changing competitive dynamics.
4. It builds a seven-year estimate based on how the market is predicted to grow.
Note: Product cover images may vary from those shown

Chapter 1 Overview And Scope
1.1 Market Vision
1.1.1 Market Definition
1.1.2 Market Scope
1.2 Market Segmentation
Chapter 2 Our Research Practice
2.1 Our Research Methodology
2.2 Data Triangulation
2.3 Data Sources
2.4 Assumptions for the study
2.5 Approach Adopted
Chapter 3 Executive Summary
3.1 Market Snapshot
3.2 Regional Snapshot
3.3 Segment Summary
Chapter 4 Covid-19 Impact Analysis
4.1 Overview
4.2 Prevalence analysis
4.3 Key Factor Impact Analysis
Chapter 5 Global Global Virtual Power Plant Market Forces
5.1 What’s Driving the Market
5.2 Porter’s Five Forces Analysis
5.2.1 Power of Suppliers
5.2.2 Threats From New Entrants
5.2.3 Power of Buyer
5.2.4 Threat From Substitute Product
5.2.5 Degree of Competition
Chapter 6 Global Global Virtual Power Plant Market -Industry Snapshots
6.1 Overview
6.1.1 Global Global Virtual Power Plant Market Value, 2019 - 2026, (US$ Bn)
6.2 Market Overview
6.2.1 Drivers Analysis
6.2.2 Restraint/Challenges analysis
6.2.3 Opportunity Analysis
6.3 Supply Chain/Value Chain Analysis
6.4 Market SWOT Analysis
Chapter 7 Global Global Virtual Power Plant Market Analysis, by Technology
7.1 Overview
7.2 Key Findings for Global Virtual Power Plant Market- By Technology
7.2.1 Global Virtual Power Plant Market- Demand Response
7.2.2 Global Virtual Power Plant Market- Distributed Generation
7.2.3 Global Virtual Power Plant Market- Mixed Asset
Chapter 8 Global Virtual Power Plant Market Analysis, by End User
8.1 Overview
8.2 Key Findings for Global Virtual Power Plant Market- By End User
8.2.1 Global Virtual Power Plant Market- Industrial and Commercial
8.2.2 Global Virtual Power Plant Market- Residential
Chapter 9 Global Virtual Power Plant Market Analysis by Region
9.1 Key Findings for Global Virtual Power Plant Market- By region
9.2 Overview
9.2.1 Global Global Virtual Power Plant Market Analysis, By Technology, 2019 - 2026
9.2.2 Global Global Virtual Power Plant Market Analysis, By End User, 2019 - 2026
9.3 Global Virtual Power Plant Market - North America
9.3.1 Overview
9.3.2 U.S.
9.3.3 Canada
9.3.4 Mexico
9.3.5 North America Market, By Technology
9.3.6 North America Market, By End User
9.4 Global Virtual Power Plant Market - Europe
9.4.1 Overview
9.4.2 Germany
9.4.3 United Kingdom
9.4.4 France
9.4.5 Italy
9.4.6 Rest Of Europe
9.4.7 Europe Market, By Technology
9.4.8 Europe Market, By End User
9.5 Global Virtual Power Plant Market - Asia Pacific
9.5.1 Overview
9.5.2 China
9.5.3 Japan
9.5.4 India
9.5.5 Rest of APAC
9.5.6 Asia Pacific Market, By Technology
9.5.7 Asia Pacific Market, By End User
9.6 Global Virtual Power Plant Market - LAMEA
9.6.1 Overview
9.6.2 Middle East & Africa (MEA)
9.6.3 Latin America
9.6.4 Rest Of World
9.6.5 Latin America, Middle East and Africa Market, By Technology
9.6.6 Latin America, Middle East and Africa Market, By End User
Chapter 10 Market Competition Analysis
10.1 Market Share/Positioning Analysis
10.1.1 Market Positioning of Key Vendors, 2019
10.1.2 Key Strategies Adopted by the Leading Players
10.1.3 Recent Developments
Chapter 11 Company Profiles- Snapshot
11.1 ABB Ltd.
11.1.1 Business Fundamentals
11.1.2 Financial Snapshots
11.1.3 Product Portfolio
11.1.4 Recent Developments
11.2 Siemens AG
11.3 Schneider Electric SE
11.4 General Electric EnerNOC, Inc.
11.5 Comverge, Inc
11.6 Limejump
11.7 Alstom Grid
11.8 Bosch
11.9 GE Digital Energy
11.10 Power Analytics
*More than 10 Companies are profiled in this Research Report*
*Financials would be provided on a best efforts basis for private companies
Chapter 12 Appendix
Note: Product cover images may vary from those shown

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