Global Virtual Power Plant Market Size study & Forecast, by Technology (Demand Response, Distributed Generation, Mixed Asset), by End-user (Residential, Commercial, Industrial) and Regional Analysis, 2023-2030

Global Virtual Power Plant Market Size study & Forecast, by Technology (Demand Response, Distributed Generation, Mixed Asset), by End-user (Residential, Commercial, Industrial) and Regional Analysis, 2023-2030


Global Virtual Power Plant Market is valued at approximately USD 1.17 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 32.89% over the forecast period 2023-2030. Virtual Power Plants combines the production capabilities of several distributed energy sources to improve power generation and trade or sell power on the electricity market. It makes it possible to have a steady supply of electricity and permits utilities to produce electricity using renewable energy sources, store it in battery banks, and then provide it to users. It offers real-time information on the networked units' capacity utilization. The market is growing due to factors such as the rising share of renewable energy in the mix of energy sources, falling solar generation prices, and improvements in energy storage. The power industry is increasing the use of cutting-edge technologies such as cloud platforms and Internet of Things (IoT) applications is also boosting the market growth for virtual power plants. The Virtual Power Plant market is expanding because of factors such as increasing demand for renewable power generation, and a growing shift towards distributed generation.

Renewable power generation, such as solar and wind, often occurs in a decentralized manner, with small-scale installations spread across various locations. Virtual Power Plants can effectively integrate these distributed energy resources into a unified system, optimizing their collective output and enhancing grid stability The International European Agency predicts that by 2026, worldwide renewable electricity capacity would have increased by more than 60% from 2020 levels to more than 4 800 GW. Thus, rising demand for renewable power generation is driving market growth. In addition, the increasing development of smart grids, increasing demand for combined renewable energy & growing investments in energy storage are creating new opportunities for the market. However, the high cost of virtual power plants and inadequate infrastructure stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Virtual Power Plant Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the dominance of key market players, an increase in renewable energy installations, such as solar and wind power, increasing penetration of energy storage technologies, and a growing trend towards decentralized energy generation, with more consumers adopting rooftop solar panels. Whereas, Asia Pacific is projected to have significant growth owing to factors such as rising investment in renewable energy power generation, and rising government support in the industry.

Major market player included in this report are:
ABB, Ltd.
Autogrid Systems, Inc.
Cisco Systems, Inc.
Cpower Energy Management
Enbala Power Networks, Inc.
Enernoc, Inc
Flexitricity Limited
General Electric Company
Hitachi, Ltd.
Robert Bosch GmbH

Recent Developments in the Market:
 In February 2023, -SolarEdge Technologies, Inc. launched Battery Virtual Power Plant. The service is available to thousands of SolarEdge Home Battery owners across Great Britain with eligible smart meters, that are now able to earn financial incentives utilizing their stored battery energy during DFS peak demand events, which would be used to stabilize the grid.
 In April 2023, - SunPower provider, and OhmConnect, launched a new virtual power plant (VPP) offering for SunPower customers across California. The homeowners in select locations with solar and SunVault battery storage can connect with OhmConnect directly through the mySunPower app to earn rewards for managing their electricity use during periods of peak demand.

Global Virtual Power Plant Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered – Technology, End-user, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Technology:
Demand Response
Distributed Generation
Mixed Asset

By End-user:
Residential
Commercial
Industrial

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Companies Mentioned
ABB, Ltd.
Autogrid Systems, Inc.
Cisco Systems, Inc.
Cpower Energy Management
Enbala Power Networks, Inc.
Enernoc, Inc
Flexitricity Limited
General Electric Company
Hitachi, Ltd.
Robert Bosch GmbH

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.


Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Virtual Power Plant Market, by Region, 2020-2030 (USD Billion)
1.2.2. Virtual Power Plant Market, by Technology, 2020-2030 (USD Billion)
1.2.3. Virtual Power Plant Market, by End-user, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Virtual Power Plant Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Virtual Power Plant Market Dynamics
3.1. Virtual Power Plant Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Increasing demand for renewable power generation
3.1.1.2. Growing shift towards distributed generation.
3.1.2. Market Challenges
3.1.2.1. High cost of virtual power plant
3.1.2.2. Inadequate infrastructure
3.1.3. Market Opportunities
3.1.3.1. Increasing development of smart grids
3.1.3.2. Increasing demand for combined renewable energy
3.1.3.3. Growing investments in energy storage
Chapter 4. Global Virtual Power Plant Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Virtual Power Plant Market, by Technology
5.1. Market Snapshot
5.2. Global Virtual Power Plant Market by Technology, Performance - Potential Analysis
5.3. Global Virtual Power Plant Market Estimates & Forecasts by Technology 2020-2030 (USD Billion)
5.4. Virtual Power Plant Market, Sub Segment Analysis
5.4.1. Demand Response
5.4.2. Distributed Generation
5.4.3. Mixed Asset
Chapter 6. Global Virtual Power Plant Market, by End-user
6.1. Market Snapshot
6.2. Global Virtual Power Plant Market by End-user, Performance - Potential Analysis
6.3. Global Virtual Power Plant Market Estimates & Forecasts by End-user 2020-2030 (USD Billion)
6.4. Virtual Power Plant Market, Sub Segment Analysis
6.4.1. Residential
6.4.2. Commercial
6.4.3. Industrial
Chapter 7. Global Virtual Power Plant Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Virtual Power Plant Market, Regional Market Snapshot
7.4. North America Virtual Power Plant Market
7.4.1. U.S. Virtual Power Plant Market
7.4.1.1. Technology breakdown estimates & forecasts, 2020-2030
7.4.1.2. End-user breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Virtual Power Plant Market
7.5. Europe Virtual Power Plant Market Snapshot
7.5.1. U.K. Virtual Power Plant Market
7.5.2. Germany Virtual Power Plant Market
7.5.3. France Virtual Power Plant Market
7.5.4. Spain Virtual Power Plant Market
7.5.5. Italy Virtual Power Plant Market
7.5.6. Rest of Europe Virtual Power Plant Market
7.6. Asia-Pacific Virtual Power Plant Market Snapshot
7.6.1. China Virtual Power Plant Market
7.6.2. India Virtual Power Plant Market
7.6.3. Japan Virtual Power Plant Market
7.6.4. Australia Virtual Power Plant Market
7.6.5. South Korea Virtual Power Plant Market
7.6.6. Rest of Asia Pacific Virtual Power Plant Market
7.7. Latin America Virtual Power Plant Market Snapshot
7.7.1. Brazil Virtual Power Plant Market
7.7.2. Mexico Virtual Power Plant Market
7.8. Middle East & Africa Virtual Power Plant Market
7.8.1. Saudi Arabia Virtual Power Plant Market
7.8.2. South Africa Virtual Power Plant Market
7.8.3. Rest of Middle East & Africa Virtual Power Plant Market
Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. ABB, Ltd.
8.3.1.1. Key Information
8.3.1.2. Overview
8.3.1.3. Financial (Subject to Data Availability)
8.3.1.4. Product Summary
8.3.1.5. Recent Developments
8.3.2. Autogrid Systems, Inc.
8.3.3. Cisco Systems, Inc.
8.3.4. Cpower Energy Management
8.3.5. Enbala Power Networks, Inc.
8.3.6. Enernoc, Inc
8.3.7. Flexitricity Limited
8.3.8. General Electric Company
8.3.9. Hitachi, Ltd.
8.3.10. Robert Bosch GmbH
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption
List of Tables
TABLE 1. Global Virtual Power Plant Market, report scope
TABLE 2. Global Virtual Power Plant Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Virtual Power Plant Market estimates & forecasts by Technology 2020-2030 (USD Billion)
TABLE 4. Global Virtual Power Plant Market estimates & forecasts by End-user 2020-2030 (USD Billion)
TABLE 5. Global Virtual Power Plant Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 6. Global Virtual Power Plant Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Virtual Power Plant Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Virtual Power Plant Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Virtual Power Plant Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Virtual Power Plant Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Virtual Power Plant Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Virtual Power Plant Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Virtual Power Plant Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Virtual Power Plant Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. U.S. Virtual Power Plant Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Virtual Power Plant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 17. U.S. Virtual Power Plant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. Canada Virtual Power Plant Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 19. Canada Virtual Power Plant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Virtual Power Plant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. UK Virtual Power Plant Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 22. UK Virtual Power Plant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Virtual Power Plant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. Germany Virtual Power Plant Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 25. Germany Virtual Power Plant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Virtual Power Plant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. France Virtual Power Plant Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 28. France Virtual Power Plant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Virtual Power Plant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. Italy Virtual Power Plant Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 31. Italy Virtual Power Plant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Virtual Power Plant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Spain Virtual Power Plant Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 34. Spain Virtual Power Plant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Virtual Power Plant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. RoE Virtual Power Plant Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 37. RoE Virtual Power Plant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Virtual Power Plant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. China Virtual Power Plant Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 40. China Virtual Power Plant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Virtual Power Plant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. India Virtual Power Plant Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 43. India Virtual Power Plant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Virtual Power Plant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. Japan Virtual Power Plant Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 46. Japan Virtual Power Plant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Virtual Power Plant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. South Korea Virtual Power Plant Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 49. South Korea Virtual Power Plant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Virtual Power Plant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. Australia Virtual Power Plant Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 52. Australia Virtual Power Plant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Virtual Power Plant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. RoAPAC Virtual Power Plant Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 55. RoAPAC Virtual Power Plant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Virtual Power Plant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. Brazil Virtual Power Plant Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 58. Brazil Virtual Power Plant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Virtual Power Plant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Mexico Virtual Power Plant Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 61. Mexico Virtual Power Plant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Virtual Power Plant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. RoLA Virtual Power Plant Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 64. RoLA Virtual Power Plant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Virtual Power Plant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. Saudi Arabia Virtual Power Plant Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 67. South Africa Virtual Power Plant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. RoMEA Virtual Power Plant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. List of secondary sources, used in the study of global Virtual Power Plant Market
TABLE 70. List of primary sources, used in the study of global Virtual Power Plant Market
TABLE 71. Years considered for the study
TABLE 72. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
FIGURE 1. Global Virtual Power Plant Market, research methodology
FIGURE 2. Global Virtual Power Plant Market, Market estimation techniques
FIGURE 3. Global Market size estimates & forecast methods
FIGURE 4. Global Virtual Power Plant Market, key trends 2022
FIGURE 5. Global Virtual Power Plant Market, growth prospects 2023-2030
FIGURE 6. Global Virtual Power Plant Market, porters 5 force model
FIGURE 7. Global Virtual Power Plant Market, pest analysis
FIGURE 8. Global Virtual Power Plant Market, value chain analysis
FIGURE 9. Global Virtual Power Plant Market by segment, 2020 & 2030 (USD Billion)
FIGURE 10. Global Virtual Power Plant Market by segment, 2020 & 2030 (USD Billion)
FIGURE 11. Global Virtual Power Plant Market by segment, 2020 & 2030 (USD Billion)
FIGURE 12. Global Virtual Power Plant Market by segment, 2020 & 2030 (USD Billion)
FIGURE 13. Global Virtual Power Plant Market by segment, 2020 & 2030 (USD Billion)
FIGURE 14. Global Virtual Power Plant Market, regional snapshot 2020 & 2030
FIGURE 15. North America Virtual Power Plant Market 2020 & 2030 (USD Billion)
FIGURE 16. Europe Virtual Power Plant Market 2020 & 2030 (USD Billion)
FIGURE 17. Asia pacific Virtual Power Plant Market 2020 & 2030 (USD Billion)
FIGURE 18. Latin America Virtual Power Plant Market 2020 & 2030 (USD Billion)
FIGURE 19. Middle East & Africa Virtual Power Plant Market 2020 & 2030 (USD Billion)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

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