Virtual Power Plant - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Virtual Power Plant market is accounted for $315.28 million in 2018 and is expected to reach $2,843.2 million by 2027 growing at a CAGR of 27.7% during the forecast period. Some of the key factors propelling the market growth are a shift from centralized to distributed generation and rising share of renewable energy in power generation. However, health safety concerns regarding electromagnetic frequency & radiofrequency exposure are the restraining factor for the growth of the market.
Virtual power plants (VPP) are clusters of distributed generator units, manageable loads, and energy storage systems gathered to work as an integrated power plant. The distributed nature of the energy resources results in lower capital costs, thus less financial and political hazards. A virtual power plant improves distribution system dependency. The aim of the virtual power plant is to integrate renewable energy units into existing systems. It does as such by providing flexibility coming from all connected units. Moreover, power traders within a virtual power plant are able to use live information to improve forecasting and trading of renewable energies.
By technology, the demand response segment is expected to grow at a significant market share during the forecast period due to everlasting advantages for end-users and improving the energy efficiency of the grid. In this way, it is anticipated to show a high development rate along with a significant return on investment for the partners, owing to its notable revenue contribution and high growth rate. On the basis of geography, Asia Pacific is anticipated to hold considerable market share during the forecast period. The phenomenal development in the construction industry is expected to propel the overall market in the region. Additionally, the growing government mandates and initiatives for customer engagement and incentive programs may prove to be an additional boost for the end-user segment in the region.
Some of the key players in Virtual Power Plant Market include ABB Ltd, Autogrid Systems Inc, Blue Pillar, Cisco Systems Inc, Comverge, Cpower Energy Management, Enbala Power Networks Inc, Enernoc Inc, Flexitricity Limited, General Electric, Hitachi Ltd, IBM, Limejump Limited, Next Kraftwerke, Olivene Inc, Open Access Technology International Inc, Osisoft, Power Analytics Corporation, Robert Bosch GmbH, Schneider Electric, Siemens AG, Spirae Inc, Sunverge, Toshiba Corporation and Upside Energy Ltd.
Types Covered:
• Centralized Controlled VPP
• Decentralized Controlled VPP
Sources Covered:
• Distributed Energy Generation System
• Energy Storage Systems
Technologies Covered:
• Engine Oil
• Demand Response
• Distribution Generation
• Mixed Asset
End-Users Covered:
• Commercial & Industrial
• Residential
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Futuristic Market Scenario
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Virtual Power Plant Market, By Type
5.1 Introduction
5.2 Centralized Controlled VPP
5.3 Decentralized Controlled VPP
6 Global Virtual Power Plant Market, By Source
6.1 Introduction
6.2 Distributed Energy Generation System
6.3 Energy Storage Systems
7 Global Virtual Power Plant Market, By Technology
7.1 Introduction
7.2 Engine Oil
7.3 Demand Response
7.4 Distribution Generation
7.5 Mixed Asset
8 Global Virtual Power Plant Market, By End-User
8.1 Introduction
8.2 Commercial & Industrial
8.3 Residential
9 Global Virtual Power Plant Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 ABB Ltd
11.2 Autogrid Systems Inc
11.3 Blue Pillar
11.4 Cisco Systems Inc
11.5 Comverge
11.6 Cpower Energy Management
11.7 Enbala Power Networks Inc
11.8 Enernoc Inc
11.9 Flexitricity Limited
11.10 General Electric
11.11 Hitachi Ltd
11.12 IBM
11.11 Limejump Limited
11.14 Next Kraftwerke
11.15 Olivene Inc
11.16 Open Access Technology International Inc
11.17 Osisoft
11.18 Power Analytics Corporation
11.19 Robert Bosch GmbH
11.20 Schneider Electric
11.21 Siemens AG
11.22 Spirae Inc
11.23 Sunverge
11.24 Toshiba Corporation
11.25 Upside Energy Ltd
List of Tables
1 Global Virtual Power Plant Market Outlook, By Region (2017-2027) ($MN)
2 Global Virtual Power Plant Market Outlook, By Type (2017-2027) ($MN)
3 Global Virtual Power Plant Market Outlook, By Centralized Controlled VPP (2017-2027) ($MN)
4 Global Virtual Power Plant Market Outlook, By Decentralized Controlled VPP (2017-2027) ($MN)
5 Global Virtual Power Plant Market Outlook, By Source (2017-2027) ($MN)
6 Global Virtual Power Plant Market Outlook, By Distributed Energy Generation System (2017-2027) ($MN)
7 Global Virtual Power Plant Market Outlook, By Energy Storage Systems (2017-2027) ($MN)
8 Global Virtual Power Plant Market Outlook, By Technology (2017-2027) ($MN)
9 Global Virtual Power Plant Market Outlook, By Engine Oil (2017-2027) ($MN)
10 Global Virtual Power Plant Market Outlook, By Demand Response (2017-2027) ($MN)
11 Global Virtual Power Plant Market Outlook, By Distribution Generation (2017-2027) ($MN)
12 Global Virtual Power Plant Market Outlook, By Mixed Asset (2017-2027) ($MN)
13 Global Virtual Power Plant Market Outlook, By End-User (2017-2027) ($MN)
14 Global Virtual Power Plant Market Outlook, By Commercial & Industrial (2017-2027) ($MN)
15 Global Virtual Power Plant Market Outlook, By Residential (2017-2027) ($MN)
16 North America Virtual Power Plant Market Outlook, By Country (2017-2027) ($MN)
17 North America Virtual Power Plant Market Outlook, By Type (2017-2027) ($MN)
18 North America Virtual Power Plant Market Outlook, By Centralized Controlled VPP (2017-2027) ($MN)
19 North America Virtual Power Plant Market Outlook, By Decentralized Controlled VPP (2017-2027) ($MN)
20 North America Virtual Power Plant Market Outlook, By Source (2017-2027) ($MN)
21 North America Virtual Power Plant Market Outlook, By Distributed Energy Generation System (2017-2027) ($MN)
22 North America Virtual Power Plant Market Outlook, By Energy Storage Systems (2017-2027) ($MN)
23 North America Virtual Power Plant Market Outlook, By Technology (2017-2027) ($MN)
24 North America Virtual Power Plant Market Outlook, By Engine Oil (2017-2027) ($MN)
25 North America Virtual Power Plant Market Outlook, By Demand Response (2017-2027) ($MN)
26 North America Virtual Power Plant Market Outlook, By Distribution Generation (2017-2027) ($MN)
27 North America Virtual Power Plant Market Outlook, By Mixed Asset (2017-2027) ($MN)
28 North America Virtual Power Plant Market Outlook, By End-User (2017-2027) ($MN)
29 North America Virtual Power Plant Market Outlook, By Commercial & Industrial (2017-2027) ($MN)
30 North America Virtual Power Plant Market Outlook, By Residential (2017-2027) ($MN)
31 Europe Virtual Power Plant Market Outlook, By Country (2017-2027) ($MN)
32 Europe Virtual Power Plant Market Outlook, By Type (2017-2027) ($MN)
33 Europe Virtual Power Plant Market Outlook, By Centralized Controlled VPP (2017-2027) ($MN)
34 Europe Virtual Power Plant Market Outlook, By Decentralized Controlled VPP (2017-2027) ($MN)
35 Europe Virtual Power Plant Market Outlook, By Source (2017-2027) ($MN)
36 Europe Virtual Power Plant Market Outlook, By Distributed Energy Generation System (2017-2027) ($MN)
37 Europe Virtual Power Plant Market Outlook, By Energy Storage Systems (2017-2027) ($MN)
38 Europe Virtual Power Plant Market Outlook, By Technology (2017-2027) ($MN)
39 Europe Virtual Power Plant Market Outlook, By Engine Oil (2017-2027) ($MN)
40 Europe Virtual Power Plant Market Outlook, By Demand Response (2017-2027) ($MN)
41 Europe Virtual Power Plant Market Outlook, By Distribution Generation (2017-2027) ($MN)
42 Europe Virtual Power Plant Market Outlook, By Mixed Asset (2017-2027) ($MN)
43 Europe Virtual Power Plant Market Outlook, By End-User (2017-2027) ($MN)
44 Europe Virtual Power Plant Market Outlook, By Commercial & Industrial (2017-2027) ($MN)
45 Europe Virtual Power Plant Market Outlook, By Residential (2017-2027) ($MN)
46 Asia Pacific Virtual Power Plant Market Outlook, By Country (2017-2027) ($MN)
47 Asia Pacific Virtual Power Plant Market Outlook, By Type (2017-2027) ($MN)
48 Asia Pacific Virtual Power Plant Market Outlook, By Centralized Controlled VPP (2017-2027) ($MN)
49 Asia Pacific Virtual Power Plant Market Outlook, By Decentralized Controlled VPP (2017-2027) ($MN)
50 Asia Pacific Virtual Power Plant Market Outlook, By Source (2017-2027) ($MN)
51 Asia Pacific Virtual Power Plant Market Outlook, By Distributed Energy Generation System (2017-2027) ($MN)
52 Asia Pacific Virtual Power Plant Market Outlook, By Energy Storage Systems (2017-2027) ($MN)
53 Asia Pacific Virtual Power Plant Market Outlook, By Technology (2017-2027) ($MN)
54 Asia Pacific Virtual Power Plant Market Outlook, By Engine Oil (2017-2027) ($MN)
55 Asia Pacific Virtual Power Plant Market Outlook, By Demand Response (2017-2027) ($MN)
56 Asia Pacific Virtual Power Plant Market Outlook, By Distribution Generation (2017-2027) ($MN)
57 Asia Pacific Virtual Power Plant Market Outlook, By Mixed Asset (2017-2027) ($MN)
58 Asia Pacific Virtual Power Plant Market Outlook, By End-User (2017-2027) ($MN)
59 Asia Pacific Virtual Power Plant Market Outlook, By Commercial & Industrial (2017-2027) ($MN)
60 Asia Pacific Virtual Power Plant Market Outlook, By Residential (2017-2027) ($MN)
61 South America Virtual Power Plant Market Outlook, By Country (2017-2027) ($MN)
62 South America Virtual Power Plant Market Outlook, By Type (2017-2027) ($MN)
63 South America Virtual Power Plant Market Outlook, By Centralized Controlled VPP (2017-2027) ($MN)
64 South America Virtual Power Plant Market Outlook, By Decentralized Controlled VPP (2017-2027) ($MN)
65 South America Virtual Power Plant Market Outlook, By Source (2017-2027) ($MN)
66 South America Virtual Power Plant Market Outlook, By Distributed Energy Generation System (2017-2027) ($MN)
67 South America Virtual Power Plant Market Outlook, By Energy Storage Systems (2017-2027) ($MN)
68 South America Virtual Power Plant Market Outlook, By Technology (2017-2027) ($MN)
69 South America Virtual Power Plant Market Outlook, By Engine Oil (2017-2027) ($MN)
70 South America Virtual Power Plant Market Outlook, By Demand Response (2017-2027) ($MN)
71 South America Virtual Power Plant Market Outlook, By Distribution Generation (2017-2027) ($MN)
72 South America Virtual Power Plant Market Outlook, By Mixed Asset (2017-2027) ($MN)
73 South America Virtual Power Plant Market Outlook, By End-User (2017-2027) ($MN)
74 South America Virtual Power Plant Market Outlook, By Commercial & Industrial (2017-2027) ($MN)
75 South America Virtual Power Plant Market Outlook, By Residential (2017-2027) ($MN)
76 Middle East & Africa Virtual Power Plant Market Outlook, By Country (2017-2027) ($MN)
77 Middle East & Africa Virtual Power Plant Market Outlook, By Type (2017-2027) ($MN)
78 Middle East & Africa Virtual Power Plant Market Outlook, By Centralized Controlled VPP (2017-2027) ($MN)
79 Middle East & Africa Virtual Power Plant Market Outlook, By Decentralized Controlled VPP (2017-2027) ($MN)
80 Middle East & Africa Virtual Power Plant Market Outlook, By Source (2017-2027) ($MN)
81 Middle East & Africa Virtual Power Plant Market Outlook, By Distributed Energy Generation System (2017-2027) ($MN)
82 Middle East & Africa Virtual Power Plant Market Outlook, By Energy Storage Systems (2017-2027) ($MN)
83 Middle East & Africa Virtual Power Plant Market Outlook, By Technology (2017-2027) ($MN)
84 Middle East & Africa Virtual Power Plant Market Outlook, By Engine Oil (2017-2027) ($MN)
85 Middle East & Africa Virtual Power Plant Market Outlook, By Demand Response (2017-2027) ($MN)
86 Middle East & Africa Virtual Power Plant Market Outlook, By Distribution Generation (2017-2027) ($MN)
87 Middle East & Africa Virtual Power Plant Market Outlook, By Mixed Asset (2017-2027) ($MN)
88 Middle East & Africa Virtual Power Plant Market Outlook, By End-User (2017-2027) ($MN)
89 Middle East & Africa Virtual Power Plant Market Outlook, By Commercial & Industrial (2017-2027) ($MN)
90 Middle East & Africa Virtual Power Plant Market Outlook, By Residential (2017-2027) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
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