Global Virtual Power Plant Market Trends, Application and Regional Forecast to 2019-2028

Posted November 19, 2020 by sonikashukla98

Global Virtual Power Plant Market is expected to display a CAGR of 21.57% during the forecast period of 2019-2028.
Bharat Book Bureau Provides the Trending Market Research Report on “Global Virtual Power Plant Market 2019-2028”under  Power Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.

Global  Virtual Power Plant Market 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.

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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.


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.

Table Of Contents

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 United States 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 United Kingdom Germany France Spain Italy Russia 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 China Japan India South Korea Asean Countries Australia & New Zealand 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 Brazil Mexico 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 United Arab Emirates Turkey Saudi Arabia South Africa 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

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Last Updated November 19, 2020