The global virtual power plant market was valued at $762 million in 2016, and is expected to reach at $4,587 million by 2023, registering a CAGR of 25.9% from 2017 to 2023. Virtual Power plant (VPP) comprises of a multitude of decentralized, grid-connected energy units installed as an integrated component for flexible electricity production. The number of distributed resources are centrally controlled and managed as part of an interrelated network.
Rise in demand for renewable energy in power generation sector, changes in dynamic of power grids from centralized to distributed, and moderating costs and easy accessibility of energy storage drive the growth of the virtual power plant market. However, health concerns over high frequency human exposure of electromagnetic and radio waves hamper the potential of the market for different end users. Conversely, emerging shift toward electric vehicles and promotion of intelligent office buildings and smart grids, is expected to create opportunities in the market.
The global virtual power plant market is segmented based on technology, end user, and geography. By technology, it is classified into distribution generation, demand response, and mixed asset. Based on end user, it is divided into commercial, industrial, and residential. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
In 2016, North America occupied the highest market share, followed by Europe. The U.S. is expected to account for around half of the share of the global market by 2023, and is expected to witness substantial growth in the emerging countries such as China, South Korea, and Australia. The prominent players in the global virtual power plant market focus on product development and agreement as their key strategies to gain significant market share.
The key players profiled in the report are as follows
KEY BENEFITS FOR STAKEHOLDERS
CHAPTER 1 INTRODUCTION
1.1. Report description
1.2. Key benefits
1.3. Key market segments
1.4. Research methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2 EXECUTIVE SUMMARY
2.1. CXO perspective
CHAPTER 3 MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.2.3. Top player positioning
3.3. PATENT ANALYSIS
3.3.1. Patent analysis by year
3.3.2. Patent analysis by company
3.3.3. Patent analysis by region
3.3.4. Patent analysis by product
3.4. PORTERS FIVE FORCES ANALYSIS
3.4.1. Bargaining power of suppliers
3.4.2. Bargaining power of buyers
3.4.3. Threat of substitutes
3.4.4. Threat of new entrants
3.4.5. Competitive rivalry
3.5. MARKET DYNAMICS
3.5.1. Drivers
3.5.1.1. Rising demand for renewable energy in power generation sector
3.5.1.2. Changing dynamic of power grids from centralized to distributed
3.5.1.3. Reducing cost and easy accessiblity of energy storage
3.5.2. Restraints
3.5.2.1. Health concerns over high frequency human exposure of electromagnetic and radio waves
3.5.3. Opportunity
3.5.3.1. Emerging shift towards electric vehicles
3.5.3.2. Promotion of intelligent office buildings and smart grids
CHAPTER 4 VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY
4.1. OVERVIEW
4.1.1. Market Size and forecast
4.2. DISTRIBUTION GENERATION
4.2.1. Key Market trends, growth factors, and opportunities
4.2.2. Market size and forecast
4.2.2.1. By Geography
4.3. DEMAND RESPONSE
4.3.1. Key Market trends, growth factors, and opportunities
4.3.2. Market size and forecast
4.3.2.1. By Geography
4.4. MIXED ASSET
4.4.1. Key Market trends, growth factors, and opportunities
4.4.2. Market size and forecast
4.4.2.1. By Geography
CHAPTER 5 VIRTUAL POWER PLANT MARKET, BY END USER
5.1. OVERVIEW
5.1.1. Market size and forecast
5.2. INDUSTRIAL
5.2.1. Key Market trends, growth factors, and opportunities
5.2.2. Market size and forecast
5.2.2.1. By Geography
5.3. COMMERCIAL
5.3.1. Key Market trends, growth factors, and opportunities
5.3.2. Market size and forecast
5.3.2.1. By Geography
5.4. RESIDENTIAL
5.4.1. Key Market trends, growth factors, and opportunities
5.4.2. Market size and forecast
5.4.2.1. By Geography
CHAPTER 6 VIRTUAL POWER PLANT MARKET, BY GEOGRAPHY
6.1. OVERVIEW
6.1.1. Market Size and Forecast
6.2. NORTH AMERICA
6.2.1. Key Market Trends, Growth Factors and Opportunities
6.2.2. Market Size and Forecast
6.2.2.1. By Technology
6.2.2.2. By End User
6.2.2.3. By Country
6.2.3. U.S.
6.2.3.1. Market Size and Forecast
6.2.3.1.1. By Technology
6.2.3.1.2. By End User
6.2.4. Canada
6.2.4.1. Market Size and Forecast
6.2.4.1.1. By Technology
6.2.4.1.2. By End User
6.3. EUROPE
6.3.1. Key Market Trends, Growth Factors and Opportunities
6.3.2. Market Size and Forecast
6.3.2.1. By Technology
6.3.2.2. By End User
6.3.2.3. By Country
6.3.3. UK
6.3.3.1. Market Size and Forecast
6.3.3.1.1. By Technology
6.3.3.1.2. By End User
6.3.4. Germany
6.3.4.1. Market Size and Forecast
6.3.4.1.1. By Technology
6.3.4.1.2. By End User
6.3.5. France
6.3.5.1. Market Size and Forecast
6.3.5.1.1. By Technology
6.3.5.1.2. By End User
6.3.6. Denmark
6.3.6.1. Market Size and Forecast
6.3.6.1.1. By Technology
6.3.6.1.2. By End User
6.3.7. Finland
6.3.7.1. Market Size and Forecast
6.3.7.1.1. By Technology
6.3.7.1.2. By End User
6.3.8. Rest of Europe
6.3.8.1. Market Size and Forecast
6.3.8.1.1. By Technology
6.3.8.1.2. By End User
6.4. ASIA-PACIFIC
6.4.1. Key Market Trends, Growth Factors and Opportunities
6.4.2. Market Size and Forecast
6.4.2.1. By Technology
6.4.2.2. By End User
6.4.2.3. By Country
6.4.3. China
6.4.3.1. Market Size and Forecast
6.4.3.1.1. By Technology
6.4.3.1.2. By End User
6.4.4. Japan
6.4.4.1. Market Size and Forecast
6.4.4.1.1. By Technology
6.4.4.1.2. By End User
6.4.5. South Korea
6.4.5.1. Market Size and Forecast
6.4.5.1.1. By Technology
6.4.5.1.2. By End User
6.4.6. Australia
6.4.6.1. Market Size and Forecast
6.4.6.1.1. By Technology
6.4.6.1.2. By End User
6.4.7. Rest of Asia-Pacific
6.4.7.1. Market Size and Forecast
6.4.7.1.1. By Technology
6.4.7.1.2. By End User
CHAPTER 7 COMPANY PROFILES
7.1. ABB, LTD.
7.1.1. Company overview
7.1.2. Operating business segments
7.1.3. Business performance
7.1.4. Key strategies and developments
7.2. AGL ENERGY
7.2.1. Company overview
7.2.2. Operating business segments
7.2.3. Business performance
7.2.4. Key strategies and developments
7.3. AUTOGRID SYSTEMS, INC.
7.3.1. Company overview
7.3.2. Operating business segments
7.3.3. Business performance
7.3.4. Key strategies and developments
7.4. COMVERGE,, INC .
7.4.1. Company overview
7.4.2. Operating business segments
7.4.3. Business performance
7.4.4. Key strategies and developments
7.5. ENBALA POWER NETWORTKS
7.5.1. Company overview
7.5.2. Operating business segments
7.5.3. Business performance
7.5.4. Key strategies and developments
7.6. ENERNOC, INC.
7.6.1. Company overview
7.6.2. Operating business segments
7.6.3. Business performance
7.6.4. Key strategies and developments
7.7. GENERAL ELECTRIC COMPANY.
7.7.1. Company overview
7.7.2. Operating business segments
7.7.3. Business performance
7.7.4. Key strategies and developments
7.8. SIEMENS AG
7.8.1. Company overview
7.8.2. Operating business segments
7.8.3. Business performance
7.8.4. Key strategies and developments
7.9. SCHNEIDER ELECTRIC SE
7.9.1. Company overview
7.9.2. Operating business segments
7.9.3. Business performance
7.9.4. Key strategies and developments
7.10. LIMEJUMP LTD.
7.10.1. Company overview
7.10.2. Operating business segments
7.10.3. Business performance
7.10.4. Key strategies and developments
LIST OF TABLES
TABLE 1. GLOBAL VIRTUAL POWER PLANT MARKET, BY END USER, 2015-2023 ($MILLION)
TABLE 2. GLOBAL COMMERCIAL VIRTUAL POWER PLANT MARKET, 2015-2023 ($MILLION)
TABLE 3. GLOBAL INDUSTRIAL VIRTUAL POWER PLANT MARKET, 2015-2023 ($MILLION)
TABLE 4. GLOBAL OTHER VIRTUAL POWER PLANT MARKET, 2015-2023 ($MILLION)
TABLE 5. GLOBAL VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY, 2015-2023 ($MILLION)
TABLE 6. GLOBAL OXIDATIONVIRTUAL POWER PLANTS MARKET, 2015-2023 ($MILLION)
TABLE 7. GLOBAL DEMAND RESPONSE VIRTUAL POWER PLANTS MARKET, 2015-2023 ($MILLION)
TABLE 8. GLOBAL MIXED ASSET VIRTUAL POWER PLANTS MARKET, 2015-2023 ($MILLION)
TABLE 9. GLOBAL VIRTUAL POWER PLANT MARKET, BY GEOGRAPHY, 2015-2023 ($MILLION)
TABLE 10. NORTH AMERICA VIRTUAL POWER PLANT MARKET, BY END USER ($MILLION)
TABLE 11. NORTH AMERICA VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY ($MILLION)
TABLE 12. NORTH AMERICA VIRTUAL POWER PLANT MARKET, BY COUNTRY ($MILLION)
TABLE 13. U.S. VIRTUAL POWER PLANT MARKET, BY END USER ($MILLION)
TABLE 14. U.S. VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY ($MILLION)
TABLE 15. CANADA VIRTUAL POWER PLANT MARKET, BY END USER ($MILLION)
TABLE 16. CANADA VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY ($MILLION)
TABLE 17. EUROPE VIRTUAL POWER PLANT MARKET, BY END USER ($MILLION)
TABLE 18. EUROPE VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY ($MILLION)
TABLE 19. EUROPE VIRTUAL POWER PLANT MARKET, BY COUNTRY, 2015-2023 ($MILLION)
TABLE 20. UK VIRTUAL POWER PLANT MARKET, BY END USER ($MILLION)
TABLE 21. UK VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY ($MILLION)
TABLE 22. GERMANY VIRTUAL POWER PLANT MARKET, BY END USER ($MILLION)
TABLE 23. GERMANY VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY ($MILLION)
TABLE 24. FRANCE VIRTUAL POWER PLANT MARKET, BY END USER ($MILLION)
TABLE 25. FRANCE VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY ($MILLION)
TABLE 26. DENMARK VIRTUAL POWER PLANT MARKET, BY END USER ($MILLION)
TABLE 27. DENMARK VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY ($MILLION)
TABLE 28. FINLAND VIRTUAL POWER PLANT MARKET, BY END USER ($MILLION)
TABLE 29. FINLAND VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY ($MILLION)
TABLE 30. REST OF EUROPE VIRTUAL POWER PLANT MARKET, BY END USER ($MILLION)
TABLE 31. REST OF EUROPE VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY ($MILLION)
TABLE 32. ASIA-PACIFIC VIRTUAL POWER PLANT MARKET, BY END USER ($MILLION)
TABLE 33. ASIA-PACIFIC VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY ($MILLION)
TABLE 34. ASIA-PACIFIC VIRTUAL POWER PLANT MARKET, BY COUNTRY, 2015-2023 ($MILLION)
TABLE 35. CHINA VIRTUAL POWER PLANT MARKET, BY END USER ($MILLION)
TABLE 36. CHINA VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY ($MILLION)
TABLE 37. JAPAN VIRTUAL POWER PLANT MARKET, BY END USER ($MILLION)
TABLE 38. JAPAN VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY ($MILLION)
TABLE 39. SOUTH KOREA VIRTUAL POWER PLANT MARKET, BY END USER ($MILLION)
TABLE 40. SOUTH KOREA VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY ($MILLION)
TABLE 41. AUSTRALIA VIRTUAL POWER PLANT MARKET, BY END USER ($MILLION)
TABLE 42. AUSTRALIA VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY ($MILLION)
TABLE 43. REST OF ASIA-PACIFIC VIRTUAL POWER PLANT MARKET, BY END USER ($MILLION)
TABLE 44. REST OF ASIA-PACIFIC VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY ($MILLION)
TABLE 45. ABB LTD.: COMPANY SNAPSHOT
TABLE 46. ABB LTD.: OPERATING SEGMENTS
TABLE 47. AGL ENERGY: COMPANY SNAPSHOT
TABLE 48. AGL ENERGY: OPERATING SEGMENTS
TABLE 49. AUTOGRID SYSTEMS, INC: COMPANY SNAPSHOT
TABLE 50. AUTOGRID SYSTEMS, INC: OPERATING SEGMENTS
TABLE 51. COMVERGE, INC: COMPANY SNAPSHOT
TABLE 52. COMVERGE, INC: OPERATING SEGMENTS
TABLE 53. ENBALA POWER NETWORKS: COMPANY SNAPSHOT
TABLE 54. ENBALA POWER NETWORKS: OPERATING SEGMENTS
TABLE 55. ENERNOC, INC: COMPANY SNAPSHOT
TABLE 56. ENERNOC, INC: OPERATING SEGMENTS
TABLE 57. GENERAL ELECTRIC COMPANY: COMPANY SNAPSHOT
TABLE 58. GENERAL ELECTRIC COMPANY: OPERATING SEGMENTS
TABLE 59. SIEMENS AG: COMPANY SNAPSHOT
TABLE 60. SIEMENS AG: OPERATING SEGMENTS
TABLE 61. SCHNEIDER ELECTRIC SE: COMPANY SNAPSHOT
TABLE 62. SCHNEIDER ELECTRIC SE: OPERATING SEGMENTS
TABLE 63. LIMEJUMP LTD: COMPANY SNAPSHOT
TABLE 64. LIMEJUMP LTD: OPERATING SEGMENTS
LIST OF FIGURES
FIGURE 1. GLOBAL VIRTUAL POWER PLANT MARKET, 2016-2023
FIGURE 2. GLOBAL VIRTUAL POWER PLANT MARKET BY REGION, 2016-2023
FIGURE 3. GLOBAL VIRTUAL POWER PLANT MARKET: SEGMENTATION
FIGURE 4. TOP INVESTMENT POCKETS IN VIRTUAL POWER PLANT MARKET, 2016-2023
FIGURE 5. TOP WINNING STRATEGIES
FIGURE 6. BARGAINING POWER OF SUPPLIERS
FIGURE 7. BARGAINING POWER OF BUYERS
FIGURE 8. THREAT OF NEW ENTRANTS
FIGURE 9. THREAT OF SUBSTITUTES
FIGURE 10. COMPETITIVE RIVALRY
FIGURE 11. DRIVERS AND RESTRAINTS: GLOBAL VIRTUAL POWER PLANT MARKET
FIGURE 12. GLOBAL VIRTUAL POWER PLANT MARKET SHARE, BY END-USER
FIGURE 13. GLOBAL VIRTUAL POWER PLANT MARKET SHARE, BY TECHNOLOGY
FIGURE 14. U.S. VIRTUAL POWER PLANT MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 15. CANADA VIRTUAL POWER PLANT MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 16. UK VIRTUAL POWER PLANT MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 17. GERMANY VIRTUAL POWER PLANT MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 18. FRANCE VIRTUAL POWER PLANT MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 19. DENMARK VIRTUAL POWER PLANT MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 20. FINLAND VIRTUAL POWER PLANT MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 21. REST OF EUROPE VIRTUAL POWER PLANT MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 22. CHINA VIRTUAL POWER PLANT MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 23. JAPAN VIRTUAL POWER PLANT MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 24. SOUTH KOREA VIRTUAL POWER PLANT MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 25. AUSTRALIA VIRTUAL POWER PLANT MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 26. REST OF ASIA-PACIFIC VIRTUAL POWER PLANT MARKET VALUE, 2015-2023 ($MILLION)
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