Virtual Power Plant Market: Current Analysis and Forecast (2021-2027)

Region:Global

Author(s):

Product Code:UMEP21334

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Published on

July 2021

Total pages

134

Table of Content

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About the Report

About the Report

Renewable Energy is penetrating the market and thus more and more consumers are adopting the distributed energy resources (DER). Electricity providers are adopting virtual power plants (VPPs) which help balance renewable generation variability and supply grid resources. VPPs or VPSs are also known as the internet of energy. With the help of VPP, elements from all the different renewable sources can be accumulated at one single central control centre i.e., VPP.

Currently, the biggest VPP is running in Europe by the Norwegian company Statkraft, and the plant is based in Germany. The output generated by this VPP is over 10,000 MW coming from around 1,400 independent power producers. This includes 1,300 wind farms, 100 solar units as well as bioenergy and hydropower generators.

Based on technology, the virtual power plants market is segmented into Distribution Generation, Demand Response, and Mixed Asset. Amongst technology, the demand response segment of the virtual power plants market was valued at USD XX billion in 2020 and is likely to reach USD XX billion by 2027 and is growing at a CAGR of XX% from 2021-2027.

Based on end-user, the virtual power plant market is segmented into Commercial, Industrial, and Residential. Amongst end-user, industrial segment accounted for a market valuation of USD XX billion in 2020 and is expected to reach USD XX billion by the year 2027, at a CAGR of XX% over the analysed period.

For a better understanding of the market adoption of Virtual Power Plants Industry, the market is analysed based on its worldwide presence in the countries such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Asia-Pacific will dominate the Virtual Power Plants market on account of increasing forms on energy production and increasing demand for electricity.

Some of the major players operating in the market include Next Kraftwerke, EnerNOC, Schneider Electric, AGL Energy, Flexitricity, Siemens, Cummins, GE, ABB, and Comverge. Several M&As along with partnerships have been undertaken by these players to boost their presence in different regions.

Virtual Power Plants Market was valued at USD XX billion in 2020 and is projected to expand significantly with a CAGR of XX% from 2021-2027F to USD XX billion in 2027. The Virtual Power Plants Market is expected to witness a boost on account of the increasing use of renewable energy.

Products


Companies

Next Kraftwerke, EnerNOC, Schneider Electric, AGL Energy, Flexitricity, Siemens, Cummins, GE, ABB, and Comverge

Table of Contents

Table of Contents

1 MARKET INTRODUCTION

1.1. Market Definitions

1.2. Objective of the Study

1.3. Limitation

1.4. Stake Holders

1.5. Currency Used in Report

1.6. Scope of the Virtual Power Plant Market Study

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1. Research Methodology for the Virtual Power Plant Market

2.1.1. Main Objective of the Virtual Power Plant Market

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 VIRTUAL POWER PLANT MARKET REVENUE, 2021-2027F

6 MARKET INSIGHTS BY TECHNOLOGY

6.1. Distribution Generation

6.2. Demand Response

6.3. Mixed Asset

7 MARKET INSIGHTS BY END-USER

7.1. Commercial

7.2. Industrial

7.3. Residential

8 MARKET INSIGHTS BY REGION

8.1. NORTH AMERICA VIRTUAL POWER PLANT MARKET

8.1.1. United States

8.1.2. Canada

8.1.3. Rest of North America

8.2. EUROPE VIRTUAL POWER PLANT MARKET

8.2.1. United Kingdom

8.2.2. Germany

8.2.3. France

8.2.4. Spain

8.2.5. Italy

8.2.6. Rest of Europe

8.3. ASIA-PACIFIC VIRTUAL POWER PLANT MARKET

8.3.1. China

8.3.2. Japan

8.3.3. India

8.3.4. Australia

8.3.5. Rest of Asia-Pacific

8.4. REST OF THE WORLD VIRTUAL POWER PLANT MARKET

9 VIRTUAL POWER PLANT MARKET DYNAMICS

9.1. Drivers

9.2. Challenges

9.3. Impact Analysis

9.4. Opportunity

10 VIRTUAL POWER PLANT MARKET OPPORTUNITIES

11 VIRTUAL POWER PLANT MARKET TRENDS

12 DEMAND AND SUPPLY SIDE ANALYSIS

12.1. Demand Side Analysis

12.2. Supply Side Analysis

12.2.1. Top Product Launches

12.2.2. Top Business Partnerships

12.2.3. Top Business Expansions, Investments and Divestitures

12.2.4. Top Merger and Acquisitions

13 VALUE CHAIN ANALYSIS

14 COMPETITIVE SCENARIO

15 COMPANY PROFILED

15.1. Next Kraftwerke

15.2. EnerNOC

15.3. Schneider Electric

15.4. AGL Energy

15.5. Flexitricity

15.6. Siemens

15.7. Cummins

15.8. GE

15.9. ABB

15.10. Comverge

16 DISCLAIMER

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