Market Scenario
Global Virtual Power Plant Market is expected to reach US$800 Mn by 2026 at a CAGR of 30.50% during the forecast period. Virtual Power Plant (VPP) refers to a cluster of small-scale generators, such as power (CHP) units and combined heat and, backup generator sets, biogas plants, which collectively act akin to a single large power plant.
Virtual Power Plan Market
The increase in residential energy storage system, as well as the increase in penetration of smart grid technologies, is some of the major driving factors expected to propel the virtual power plant market during the forecast period. Health concerns over high frequency human exposure of radio and electromagnetic waves hamper the potential of the market for different end users.
Global Virtual Power Plant Market is segmented by technology, end-user application, and region. Among technology segment, the demand Response segment is likely to have larger Virtual Power Plant Market share during the forecast period, owing to various benefits including earning incentives by participating in demand response program and peak load management.
Based on end-user segment, the Commercial & Industrial segment is expected to have the large Virtual Power Plant Market size during the forecast period. Industrial end-users are among the highest adopters of virtual power plant services and solutions and hence provide major contribution to the market growth. In the petroleum refining industry, the peak load of electricity is highest and followed closely by the chemical industry.
North America is expected to account for the largest Virtual Power Plant Market share during the forecast period. North America is advanced in terms of infrastructure and technology adoption. The rise in use of renewable in order to decline in costs of solar PV, reduce carbon footprint and battery energy storage and shift from centralized to distribution generation would propel the market growth. However, the Asia-Pacific is expected to record the highest growth rate during the forecast period, owing to the largest market for the industrial sector and infrastructure sector is taking various steps to reduce carbon footprint and produce clean energy which includes renewable energy such as hydro energy, solar energy, and wind energy generation.
Some of the key players are Alstom Grid, Bosch, GE Digital Energy, IBM, Schneider Electric Siemens, ENBALA Power Networks, Joule Assets, Power Analytics
The scope of the Global Virtual Power Plant Market
Global Virtual Power Plant Market, by Technology
• Demand Response
• Distributed Generation
• Mixed Asset
Global Virtual Power Plant Market, by End User:
• Industrial
• Commercial
• Residential
Global Virtual Power Plant Market, By Region:
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating In Virtual Power Plant Market:
• 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
• Upside Energy, Ltd.
Table of Contents
Global Virtual Power Plant Market
1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
1.3. Research Objectives
2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations
2.3. Research Methodology
2.3.1. Secondary Research
2.3.1.1. Secondary data
2.3.1.2. Secondary Sources
2.3.2. Primary Research
2.3.2.1. Data from Primary Sources
2.3.2.2. Breakdown of Primary Sources
3. Executive Summary: Global Virtual Power Plant Market Size, by Market Value (US$ Mn) and Market Volume (Units)
4. Market Overview
4.1. Introduction
4.2. Market Indicator
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges
4.3. Porter’s Analysis
4.4. Value Chain Analysis
4.5. Market Risk Analysis
4.6. SWOT Analysis
4.7. Industry Trends and Emerging Technologies
5. Supply Side and Demand Side Indicators
6. Global Virtual Power Plant Market Analysis and Forecast
6.1. Global Virtual Power Plant Market Size & Y-o-Y Growth Analysis
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Middle East & Africa
6.1.5. South America
7. Global Virtual Power Plant Market Analysis and Forecast, by Technology
7.1. Introduction and Definition
7.2. Key Findings
7.3. Global Virtual Power Plant Market Value Share Analysis, by Technology
7.4. Global Virtual Power Plant Market Size (US$ Mn) Forecast, by Technology
7.5. Global Virtual Power Plant Market Analysis, by Technology
7.6. Global Virtual Power Plant Market Attractiveness Analysis, by Technology
8. Global Virtual Power Plant Market Analysis and Forecast, by End User
8.1. Introduction and Definition
8.2. Key Findings
8.3. Global Virtual Power Plant Market Value Share Analysis, by End User
8.4. Global Virtual Power Plant Market Size (US$ Mn) Forecast, by End User
8.5. Global Virtual Power Plant Market Analysis, by End User
8.6. Global Virtual Power Plant Market Attractiveness Analysis, by End User
9. Global Virtual Power Plant Market Analysis, by Region
9.1. Global Virtual Power Plant Market Value Share Analysis, by Region
9.2. Global Virtual Power Plant Market Size (US$ Mn) Forecast, by Region
9.3. Global Virtual Power Plant Market Attractiveness Analysis, by Region
10. North America Virtual Power Plant Market Analysis
10.1. Key Findings
10.2. North America Virtual Power Plant Market Overview
10.3. North America Virtual Power Plant Market Value Share Analysis, by Technology
10.4. North America Virtual Power Plant Market Forecast, by Technology
10.4.1. Demand Response
10.4.2. Distributed Generation
10.4.3. Mixed Asset
10.5. North America Virtual Power Plant Market Value Share Analysis, by End User
10.6. North America Virtual Power Plant Market Forecast, by End User
10.6.1. Industrial
10.6.2. Commercial
10.6.3. Residential
10.7. North America Virtual Power Plant Market Value Share Analysis, by Country
10.8. North America Virtual Power Plant Market Forecast, by Country
10.8.1. U.S.
10.8.2. Canada
10.9. North America Virtual Power Plant Market Analysis, by Country
10.10. U.S. Virtual Power Plant Market Forecast, by Technology
10.10.1. Demand Response
10.10.2. Distributed Generation
10.10.3. Mixed Asset
10.11. U.S. Virtual Power Plant Market Forecast, by End User
10.11.1. Industrial
10.11.2. Commercial
10.11.3. Residential
10.12. Canada Virtual Power Plant Market Forecast, by Technology
10.12.1. Demand Response
10.12.2. Distributed Generation
10.12.3. Mixed Asset
10.13. Canada Virtual Power Plant Market Forecast, by End User
10.13.1. Industrial
10.13.2. Commercial
10.13.3. Residential
10.14. North America Virtual Power Plant Market Attractiveness Analysis
10.14.1. By Technology
10.14.2. By End User
10.15. PEST Analysis
10.16. Key Trends
10.17. Key Developments
11. Europe Virtual Power Plant Market Analysis
11.1. Key Findings
11.2. Europe Virtual Power Plant Market Overview
11.3. Europe Virtual Power Plant Market Value Share Analysis, by Technology
11.4. Europe Virtual Power Plant Market Forecast, by Technology
11.4.1. Demand Response
11.4.2. Distributed Generation
11.4.3. Mixed Asset
11.5. Europe Virtual Power Plant Market Value Share Analysis, by End User
11.6. Europe Virtual Power Plant Market Forecast, by End User
11.6.1. Industrial
11.6.2. Commercial
11.6.3. Residential
11.7. Europe Virtual Power Plant Market Value Share Analysis, by Country
11.8. Europe Virtual Power Plant Market Forecast, by Country
11.8.1. Germany
11.8.2. U.K.
11.8.3. France
11.8.4. Italy
11.8.5. Spain
11.8.6. Rest of Europe
11.9. Europe Virtual Power Plant Market Analysis, by Country
11.10. Germany Virtual Power Plant Market Forecast, by Technology
11.10.1. Demand Response
11.10.2. Distributed Generation
11.10.3. Mixed Asset
11.11. Germany Virtual Power Plant Market Forecast, by End User
11.11.1. Industrial
11.11.2. Commercial
11.11.3. Residential
11.12. U.K. Virtual Power Plant Market Forecast, by Technology
11.12.1. Demand Response
11.12.2. Distributed Generation
11.12.3. Mixed Asset
11.13. U.K. Virtual Power Plant Market Forecast, by End User
11.13.1. Industrial
11.13.2. Commercial
11.13.3. Residential
11.14. France Virtual Power Plant Market Forecast, by Technology
11.14.1. Demand Response
11.14.2. Distributed Generation
11.14.3. Mixed Asset
11.15. France Virtual Power Plant Market Forecast, by End User
11.15.1. Industrial
11.15.2. Commercial
11.15.3. Residential
11.16. Italy Virtual Power Plant Market Forecast, by Technology
11.16.1. Demand Response
11.16.2. Distributed Generation
11.16.3. Mixed Asset
11.17. Italy Virtual Power Plant Market Forecast, by End User
11.17.1. Industrial
11.17.2. Commercial
11.17.3. Residential
11.18. Spain Virtual Power Plant Market Forecast, by Technology
11.18.1. Demand Response
11.18.2. Distributed Generation
11.18.3. Mixed Asset
11.19. Spain Virtual Power Plant Market Forecast, by End User
11.19.1. Industrial
11.19.2. Commercial
11.19.3. Residential
11.20. Rest of Europe Virtual Power Plant Market Forecast, by Technology
11.20.1. Demand Response
11.20.2. Distributed Generation
11.20.3. Mixed Asset
11.21. Rest of Europe Virtual Power Plant Market Forecast, by End User
11.21.1. Industrial
11.21.2. Commercial
11.21.3. Residential
11.22. Europe Virtual Power Plant Market Attractiveness Analysis
11.22.1. By Technology
11.22.2. By End User
11.23. PEST Analysis
11.24. Key Trends
11.25. Key Developments
12. Asia Pacific Virtual Power Plant Market Analysis
12.1. Key Findings
12.2. Asia Pacific Virtual Power Plant Market Overview
12.3. Asia Pacific Virtual Power Plant Market Value Share Analysis, by Technology
12.4. Asia Pacific Virtual Power Plant Market Forecast, by Technology
12.4.1. Demand Response
12.4.2. Distributed Generation
12.4.3. Mixed Asset
12.5. Asia Pacific Virtual Power Plant Market Value Share Analysis, by End User
12.6. Asia Pacific Virtual Power Plant Market Forecast, by End User
12.6.1. Industrial
12.6.2. Commercial
12.6.3. Residential
12.7. Asia Pacific Virtual Power Plant Market Value Share Analysis, by Country
12.8. Asia Pacific Virtual Power Plant Market Forecast, by Country
12.8.1. China
12.8.2. India
12.8.3. Japan
12.8.4. ASEAN
12.8.5. Rest of Asia Pacific
12.9. Asia Pacific Virtual Power Plant Market Analysis, by Country
12.10. China Virtual Power Plant Market Forecast, by Technology
12.10.1. Demand Response
12.10.2. Distributed Generation
12.10.3. Mixed Asset
12.11. China Virtual Power Plant Market Forecast, by End User
12.11.1. Industrial
12.11.2. Commercial
12.11.3. Residential
12.12. India Virtual Power Plant Market Forecast, by Technology
12.12.1. Demand Response
12.12.2. Distributed Generation
12.12.3. Mixed Asset
12.13. India Virtual Power Plant Market Forecast, by End User
12.13.1. Pharmaceuticals
12.13.2. Agrochemicals
12.14. Japan Virtual Power Plant Market Forecast, by Technology
12.14.1. Demand Response
12.14.2. Distributed Generation
12.14.3. Mixed Asset
12.15. Japan Virtual Power Plant Market Forecast, by End User
12.15.1. Industrial
12.15.2. Commercial
12.15.3. Residential
12.16. ASEAN Virtual Power Plant Market Forecast, by Technology
12.16.1. Demand Response
12.16.2. Distributed Generation
12.16.3. Mixed Asset
12.17. ASEAN Virtual Power Plant Market Forecast, by End User
12.17.1. Industrial
12.17.2. Commercial
12.17.3. Residential
12.18. Rest of Asia Pacific Virtual Power Plant Market Forecast, by Technology
12.18.1. Demand Response
12.18.2. Distributed Generation
12.18.3. Mixed Asset
12.19. Rest of Asia Pacific Virtual Power Plant Market Forecast, by End User
12.19.1. Industrial
12.19.2. Commercial
12.19.3. Residential
12.20. Asia Pacific Virtual Power Plant Market Attractiveness Analysis
12.20.1. By Technology
12.20.2. By End User
12.21. PEST Analysis
12.22. Key Trends
12.23. Key Developments
13. Middle East & Africa Virtual Power Plant Market Analysis
13.1. Key Findings
13.2. Middle East & Africa Virtual Power Plant Market Overview
13.3. Middle East & Africa Virtual Power Plant Market Value Share Analysis, by Technology
13.4. Middle East & Africa Virtual Power Plant Market Forecast, by Technology
13.4.1. Demand Response
13.4.2. Distributed Generation
13.4.3. Mixed Asset
13.5. Middle East & Africa Virtual Power Plant Market Value Share Analysis, by End User
13.6. Middle East & Africa Virtual Power Plant Market Forecast, by End User
13.6.1. Industrial
13.6.2. Commercial
13.6.3. Residential
13.7. Middle East & Africa Virtual Power Plant Market Value Share Analysis, by Country
13.8. Middle East & Africa Virtual Power Plant Market Forecast, by Country
13.8.1. GCC
13.8.2. South Africa
13.8.3. Rest of Middle East & Africa
13.9. Middle East & Africa Virtual Power Plant Market Analysis, by Country
13.10. GCC Virtual Power Plant Market Forecast, by Technology
13.10.1. Demand Response
13.10.2. Distributed Generation
13.10.3. Mixed Asset
13.11. GCC Virtual Power Plant Market Forecast, by End User
13.11.1. Industrial
13.11.2. Commercial
13.11.3. Residential
13.12. South Africa Virtual Power Plant Market Forecast, by Technology
13.12.1. Demand Response
13.12.2. Distributed Generation
13.12.3. Mixed Asset
13.13. South Africa Virtual Power Plant Market Forecast, by End User
13.13.1. Industrial
13.13.2. Commercial
13.13.3. Residential
13.14. Rest of Middle East & Africa Virtual Power Plant Market Forecast, by Technology
13.14.1. Demand Response
13.14.2. Distributed Generation
13.14.3. Mixed Asset
13.15. Rest of Middle East & Africa Virtual Power Plant Market Forecast, by End User
13.15.1. Industrial
13.15.2. Commercial
13.15.3. Residential
13.16. Middle East & Africa Virtual Power Plant Market Attractiveness Analysis
13.16.1. By Technology
13.16.2. By End User
13.17. PEST Analysis
13.18. Key Trends
13.19. Key Developments
14. South America Virtual Power Plant Market Analysis
14.1. Key Findings
14.2. South America Virtual Power Plant Market Overview
14.3. South America Virtual Power Plant Market Value Share Analysis, by Technology
14.4. South America Virtual Power Plant Market Forecast, by Technology
14.4.1. Demand Response
14.4.2. Distributed Generation
14.4.3. Mixed Asset
14.5. South America Virtual Power Plant Market Value Share Analysis, by End User
14.6. South America Virtual Power Plant Market Forecast, by End User
14.6.1. Industrial
14.6.2. Commercial
14.6.3. Residential
14.7. South America Virtual Power Plant Market Value Share Analysis, by Country
14.8. South America Virtual Power Plant Market Forecast, by Country
14.8.1. Brazil
14.8.2. Mexico
14.8.3. Rest of South America
14.9. South America Virtual Power Plant Market Analysis, by Country
14.10. Brazil Virtual Power Plant Market Forecast, by Technology
14.10.1. Demand Response
14.10.2. Distributed Generation
14.10.3. Mixed Asset
14.11. Brazil Virtual Power Plant Market Forecast, by End User
14.11.1. Industrial
14.11.2. Commercial
14.11.3. Residential
14.12. Mexico Virtual Power Plant Market Forecast, by Technology
14.12.1. Demand Response
14.12.2. Distributed Generation
14.12.3. Mixed Asset
14.13. Mexico Virtual Power Plant Market Forecast, by End User
14.13.1. Industrial
14.13.2. Commercial
14.13.3. Residential
14.14. Rest of South America Virtual Power Plant Market Forecast, by Technology
14.14.1. Demand Response
14.14.2. Distributed Generation
14.14.3. Mixed Asset
14.15. Rest of South America Virtual Power Plant Market Forecast, by End User
14.15.1. Industrial
14.15.2. Commercial
14.15.3. Residential
14.16. South America Virtual Power Plant Market Attractiveness Analysis
14.16.1. By Technology
14.16.2. By End User
14.17. PEST Analysis
14.18. Key Trends
14.19. Key Developments
15. Company Profiles
15.1. Market Share Analysis, by Company
15.2. Competition Matrix
15.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment
15.2.2. New Product Launches and Product Enhancements
15.2.3. Market Consolidation
15.2.3.1. M&A by Regions, Investment and Applications
15.2.3.2. M&A Key Players, Forward Integration and Backward
Integration
15.3. Company Profiles: Key Players
15.3.1. ABB, Ltd.
15.3.1.1. Company Overview
15.3.1.2. Financial Overview
15.3.1.3. Product Portfolio
15.3.1.4. Business Strategy
15.3.1.5. Recent Developments
1.1.1.1. Company Footprint
15.3.2. Autogrid Systems, Inc.
15.3.3. Blue Pillar
15.3.4. Cisco Systems, Inc.
15.3.5. Comverge
15.3.6. Cpower Energy Management
15.3.7. Enbala Power Networks, Inc.
15.3.8. Enernoc, Inc
15.3.9. Flexitricity Limited
15.3.10. General Electric
15.3.11. Hitachi, Ltd.
15.3.12. IBM
15.3.13. Limejump Limited
15.3.14. Next Kraftwerke
15.3.15. Olivene, Inc.
15.3.16. Open Access Technology International, Inc.
15.3.17. Osisoft
15.3.18. Power Analytics Corporation
15.3.19. Robert Bosch GmbH
15.3.20. Schneider Electric
15.3.21. Siemens AG
15.3.22. Spirae, Inc.
15.3.23. Sunverge
15.3.24. Toshiba Corporation
15.3.25. Upside Energy, Ltd.
