Global Virtual Power Plant (VPP) Market Research Report 2024(Status and Outlook)

Global Virtual Power Plant (VPP) Market Research Report 2024(Status and Outlook)



Report Overview:

A virtual power plant (VPP) is a cloud-based distributed power plant that aggregates the capacities of heterogeneous distributed energy resources (DER) for the purposes of enhancing power generation, as well as trading or selling power on the electricity market.

A Virtual Power Plant (VPP) is an aggregated portfolio of Distributed Energy Resources and Controllable Loads into energy blocks which can be used to participate in Energy Markets and offer Services to the System Operator.

In this report, what is included in our statistics is the market size of virtual power plant technology service providers.

The Global Virtual Power Plant (VPP) Market Size was estimated at USD 1061.82 million in 2023 and is projected to reach USD 3897.47 million by 2029, exhibiting a CAGR of 24.20% during the forecast period.

This report provides a deep insight into the global Virtual Power Plant (VPP) market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Virtual Power Plant (VPP) Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Virtual Power Plant (VPP) market in any manner.

Global Virtual Power Plant (VPP) Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

Ørsted

Duke Energy

RWE

Generac (Enbala)

Bosch

GE Digital Energy

Enel X

Schneider Electric(AutoGrid)

Siemens

Viridity Energy

ABB

Market Segmentation (by Type)

OC Model

FM Model

Market Segmentation (by Application)

Commercial

Industrial

Residential

Geographic Segmentation
  • North America (USA, Canada, Mexico)
  • Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
  • South America (Brazil, Argentina, Columbia, Rest of South America)
  • The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Virtual Power Plant (VPP) Market
  • Overview of the regional outlook of the Virtual Power Plant (VPP) Market:
Key Reasons to Buy this Report:
  • Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
  • This enables you to anticipate market changes to remain ahead of your competitors
  • You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
  • The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
  • Provision of market value (USD Billion) data for each segment and sub-segment
  • Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
  • Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
  • The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
  • Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
  • Provides insight into the market through Value Chain
  • Market dynamics scenario, along with growth opportunities of the market in the years to come
  • 6-month post-sales analyst support
Customization of the Report

In case of any queries or customization requirements, please connect with our sales team, who will ensure that your requirements are met.

Note: this report may need to undergo a final check or review and this could take about 48 hours.

Chapter Outline

Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.

Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Virtual Power Plant (VPP) Market and its likely evolution in the short to mid-term, and long term.

Chapter 3 makes a detailed analysis of the Market's Competitive Landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.

Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.

Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.

Chapter 9 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.

Chapter 10 provides a quantitative analysis of the market size and development potential of each region in the next five years.

Chapter 11 provides a quantitative analysis of the market size and development potential of each market segment (product type and application) in the next five years.

Chapter 12 is the main points and conclusions of the report.


1 Research Methodology and Statistical Scope
1.1 Market Definition and Statistical Scope of Virtual Power Plant (VPP)
1.2 Key Market Segments
1.2.1 Virtual Power Plant (VPP) Segment by Type
1.2.2 Virtual Power Plant (VPP) Segment by Application
1.3 Methodology & Sources of Information
1.3.1 Research Methodology
1.3.2 Research Process
1.3.3 Market Breakdown and Data Triangulation
1.3.4 Base Year
1.3.5 Report Assumptions & Caveats
2 Virtual Power Plant (VPP) Market Overview
2.1 Global Market Overview
2.1.1 Global Virtual Power Plant (VPP) Market Size (M USD) Estimates and Forecasts (2019-2030)
2.1.2 Global Virtual Power Plant (VPP) Sales Estimates and Forecasts (2019-2030)
2.2 Market Segment Executive Summary
2.3 Global Market Size by Region
3 Virtual Power Plant (VPP) Market Competitive Landscape
3.1 Global Virtual Power Plant (VPP) Sales by Manufacturers (2019-2024)
3.2 Global Virtual Power Plant (VPP) Revenue Market Share by Manufacturers (2019-2024)
3.3 Virtual Power Plant (VPP) Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.4 Global Virtual Power Plant (VPP) Average Price by Manufacturers (2019-2024)
3.5 Manufacturers Virtual Power Plant (VPP) Sales Sites, Area Served, Product Type
3.6 Virtual Power Plant (VPP) Market Competitive Situation and Trends
3.6.1 Virtual Power Plant (VPP) Market Concentration Rate
3.6.2 Global 5 and 10 Largest Virtual Power Plant (VPP) Players Market Share by Revenue
3.6.3 Mergers & Acquisitions, Expansion
4 Virtual Power Plant (VPP) Industry Chain Analysis
4.1 Virtual Power Plant (VPP) Industry Chain Analysis
4.2 Market Overview of Key Raw Materials
4.3 Midstream Market Analysis
4.4 Downstream Customer Analysis
5 The Development and Dynamics of Virtual Power Plant (VPP) Market
5.1 Key Development Trends
5.2 Driving Factors
5.3 Market Challenges
5.4 Market Restraints
5.5 Industry News
5.5.1 New Product Developments
5.5.2 Mergers & Acquisitions
5.5.3 Expansions
5.5.4 Collaboration/Supply Contracts
5.6 Industry Policies
6 Virtual Power Plant (VPP) Market Segmentation by Type
6.1 Evaluation Matrix of Segment Market Development Potential (Type)
6.2 Global Virtual Power Plant (VPP) Sales Market Share by Type (2019-2024)
6.3 Global Virtual Power Plant (VPP) Market Size Market Share by Type (2019-2024)
6.4 Global Virtual Power Plant (VPP) Price by Type (2019-2024)
7 Virtual Power Plant (VPP) Market Segmentation by Application
7.1 Evaluation Matrix of Segment Market Development Potential (Application)
7.2 Global Virtual Power Plant (VPP) Market Sales by Application (2019-2024)
7.3 Global Virtual Power Plant (VPP) Market Size (M USD) by Application (2019-2024)
7.4 Global Virtual Power Plant (VPP) Sales Growth Rate by Application (2019-2024)
8 Virtual Power Plant (VPP) Market Segmentation by Region
8.1 Global Virtual Power Plant (VPP) Sales by Region
8.1.1 Global Virtual Power Plant (VPP) Sales by Region
8.1.2 Global Virtual Power Plant (VPP) Sales Market Share by Region
8.2 North America
8.2.1 North America Virtual Power Plant (VPP) Sales by Country
8.2.2 U.S.
8.2.3 Canada
8.2.4 Mexico
8.3 Europe
8.3.1 Europe Virtual Power Plant (VPP) Sales by Country
8.3.2 Germany
8.3.3 France
8.3.4 U.K.
8.3.5 Italy
8.3.6 Russia
8.4 Asia Pacific
8.4.1 Asia Pacific Virtual Power Plant (VPP) Sales by Region
8.4.2 China
8.4.3 Japan
8.4.4 South Korea
8.4.5 India
8.4.6 Southeast Asia
8.5 South America
8.5.1 South America Virtual Power Plant (VPP) Sales by Country
8.5.2 Brazil
8.5.3 Argentina
8.5.4 Columbia
8.6 Middle East and Africa
8.6.1 Middle East and Africa Virtual Power Plant (VPP) Sales by Region
8.6.2 Saudi Arabia
8.6.3 UAE
8.6.4 Egypt
8.6.5 Nigeria
8.6.6 South Africa
9 Key Companies Profile
9.1 Ørsted
9.1.1 Ørsted Virtual Power Plant (VPP) Basic Information
9.1.2 Ørsted Virtual Power Plant (VPP) Product Overview
9.1.3 Ørsted Virtual Power Plant (VPP) Product Market Performance
9.1.4 Ørsted Business Overview
9.1.5 Ørsted Virtual Power Plant (VPP) SWOT Analysis
9.1.6 Ørsted Recent Developments
9.2 Duke Energy
9.2.1 Duke Energy Virtual Power Plant (VPP) Basic Information
9.2.2 Duke Energy Virtual Power Plant (VPP) Product Overview
9.2.3 Duke Energy Virtual Power Plant (VPP) Product Market Performance
9.2.4 Duke Energy Business Overview
9.2.5 Duke Energy Virtual Power Plant (VPP) SWOT Analysis
9.2.6 Duke Energy Recent Developments
9.3 RWE
9.3.1 RWE Virtual Power Plant (VPP) Basic Information
9.3.2 RWE Virtual Power Plant (VPP) Product Overview
9.3.3 RWE Virtual Power Plant (VPP) Product Market Performance
9.3.4 RWE Virtual Power Plant (VPP) SWOT Analysis
9.3.5 RWE Business Overview
9.3.6 RWE Recent Developments
9.4 Generac (Enbala)
9.4.1 Generac (Enbala) Virtual Power Plant (VPP) Basic Information
9.4.2 Generac (Enbala) Virtual Power Plant (VPP) Product Overview
9.4.3 Generac (Enbala) Virtual Power Plant (VPP) Product Market Performance
9.4.4 Generac (Enbala) Business Overview
9.4.5 Generac (Enbala) Recent Developments
9.5 Bosch
9.5.1 Bosch Virtual Power Plant (VPP) Basic Information
9.5.2 Bosch Virtual Power Plant (VPP) Product Overview
9.5.3 Bosch Virtual Power Plant (VPP) Product Market Performance
9.5.4 Bosch Business Overview
9.5.5 Bosch Recent Developments
9.6 GE Digital Energy
9.6.1 GE Digital Energy Virtual Power Plant (VPP) Basic Information
9.6.2 GE Digital Energy Virtual Power Plant (VPP) Product Overview
9.6.3 GE Digital Energy Virtual Power Plant (VPP) Product Market Performance
9.6.4 GE Digital Energy Business Overview
9.6.5 GE Digital Energy Recent Developments
9.7 Enel X
9.7.1 Enel X Virtual Power Plant (VPP) Basic Information
9.7.2 Enel X Virtual Power Plant (VPP) Product Overview
9.7.3 Enel X Virtual Power Plant (VPP) Product Market Performance
9.7.4 Enel X Business Overview
9.7.5 Enel X Recent Developments
9.8 Schneider Electric(AutoGrid)
9.8.1 Schneider Electric(AutoGrid) Virtual Power Plant (VPP) Basic Information
9.8.2 Schneider Electric(AutoGrid) Virtual Power Plant (VPP) Product Overview
9.8.3 Schneider Electric(AutoGrid) Virtual Power Plant (VPP) Product Market Performance
9.8.4 Schneider Electric(AutoGrid) Business Overview
9.8.5 Schneider Electric(AutoGrid) Recent Developments
9.9 Siemens
9.9.1 Siemens Virtual Power Plant (VPP) Basic Information
9.9.2 Siemens Virtual Power Plant (VPP) Product Overview
9.9.3 Siemens Virtual Power Plant (VPP) Product Market Performance
9.9.4 Siemens Business Overview
9.9.5 Siemens Recent Developments
9.10 Viridity Energy
9.10.1 Viridity Energy Virtual Power Plant (VPP) Basic Information
9.10.2 Viridity Energy Virtual Power Plant (VPP) Product Overview
9.10.3 Viridity Energy Virtual Power Plant (VPP) Product Market Performance
9.10.4 Viridity Energy Business Overview
9.10.5 Viridity Energy Recent Developments
9.11 ABB
9.11.1 ABB Virtual Power Plant (VPP) Basic Information
9.11.2 ABB Virtual Power Plant (VPP) Product Overview
9.11.3 ABB Virtual Power Plant (VPP) Product Market Performance
9.11.4 ABB Business Overview
9.11.5 ABB Recent Developments
10 Virtual Power Plant (VPP) Market Forecast by Region
10.1 Global Virtual Power Plant (VPP) Market Size Forecast
10.2 Global Virtual Power Plant (VPP) Market Forecast by Region
10.2.1 North America Market Size Forecast by Country
10.2.2 Europe Virtual Power Plant (VPP) Market Size Forecast by Country
10.2.3 Asia Pacific Virtual Power Plant (VPP) Market Size Forecast by Region
10.2.4 South America Virtual Power Plant (VPP) Market Size Forecast by Country
10.2.5 Middle East and Africa Forecasted Consumption of Virtual Power Plant (VPP) by Country
11 Forecast Market by Type and by Application (2025-2030)
11.1 Global Virtual Power Plant (VPP) Market Forecast by Type (2025-2030)
11.1.1 Global Forecasted Sales of Virtual Power Plant (VPP) by Type (2025-2030)
11.1.2 Global Virtual Power Plant (VPP) Market Size Forecast by Type (2025-2030)
11.1.3 Global Forecasted Price of Virtual Power Plant (VPP) by Type (2025-2030)
11.2 Global Virtual Power Plant (VPP) Market Forecast by Application (2025-2030)
11.2.1 Global Virtual Power Plant (VPP) Sales (K Units) Forecast by Application
11.2.2 Global Virtual Power Plant (VPP) Market Size (M USD) Forecast by Application (2025-2030)
12 Conclusion and Key Findings

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