Global Virtual Power Plant Market 2024-2028

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $2,500	165 Pages	TechNavio	January, 2024	INF18475426

Best Price Guarantee
Price	from $2,500
Length	165 Pages
Publisher	TechNavio
Published Date	January, 2024
SKU	INF18475426

Global Virtual Power Plant Market 2024-2028

The virtual power plant market is forecasted to grow by USD 6554.86 mn during 2023-2028, accelerating at a CAGR of 25.75% during the forecast period. The report on the virtual power plant market provides a holistic analysis, market size and forecast, trends, growth drivers, challenges, and vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by an increase in the integration of renewable energy sources, enhancing grid flexibility by aggregating and controlling distributed energy resources (DERs), and a growing shift toward distributed generation.

Technavio's virtual power plant market is segmented as below:

By Technology
Demand response
Distributed generation
Mixed asset
By End-user
Industrial
Commercial
Residential
By Geography
North America
Europe
APAC
South America
Middle East and Africa

This study identifies the increased use of artificial intelligence (AI), machine learning, and advanced data analytics as one of the prime reasons driving the virtual power plant market growth during the next few years. Also, a rise in the integration of EVS as flexible assets and an increase in participation and investments in energy markets will lead to sizable demand in the market.

The report on the virtual power plant market covers the following areas:

Virtual power plant market sizing
Virtual power plant market forecast
Virtual power plant market industry analysis

The robust vendor analysis is designed to help clients improve their market position. In line with this, this report provides a detailed analysis of several leading virtual power plant market vendors that include ABB Ltd., Alarm.com Holdings Inc., Duke Energy Corp., ENGIE SA, Generac Holdings Inc., HubSpot Inc., Kyocera Corp., Orsted AS, RWE AG, Schneider Electric SE, Siemens AG, SolarHub, Sunrun Inc., Sunverge Energy Inc., and Tesla Inc.. Also, the virtual power plant market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape and an analysis of the key vendors.

The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Executive Summary
- Market overview
  - Table Executive Summary – Chart on Market Overview
  - Table Executive Summary – Data Table on Market Overview
  - Table Executive Summary – Chart on Global Market Characteristics
  - Table Executive Summary – Chart on Market by Geography
  - Table Executive Summary – Chart on Market Segmentation by Technology
  - Table Executive Summary – Chart on Market Segmentation by End-user
  - Table Executive Summary – Chart on Incremental Growth
  - Table Executive Summary – Data Table on Incremental Growth
  - Table Executive Summary – Chart on Vendor Market Positioning
Market Landscape
- Market ecosystem
  - Table Parent market
  - Table Market Characteristics
Market Sizing
- Market definition
  - Table Offerings of vendors included in the market definition
- Market segment analysis
  - Table Market segments
- Market size 2023
- Market outlook: Forecast for 2023-2028
  - Table Chart on Global - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Global - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Global Market: Year-over-year growth 2023-2028 (%)
  - Table Data Table on Global Market: Year-over-year growth 2023-2028 (%)
Historic Market Size
- Global virtual power plant market 2018 - 2022
  - Table Historic Market Size – Data Table on global virtual power plant market 2018 - 2022 ($ million)
- Technology Segment Analysis 2018 - 2022
  - Table Historic Market Size – Technology Segment 2018 - 2022 ($ million)
- End-user Segment Analysis 2018 - 2022
  - Table Historic Market Size – End-user Segment 2018 - 2022 ($ million)
- Geography Segment Analysis 2018 - 2022
  - Table Historic Market Size – Geography Segment 2018 - 2022 ($ million)
- Country Segment Analysis 2018 - 2022
  - Table Historic Market Size – Country Segment 2018 - 2022 ($ million)
Five Forces Analysis
- Five forces summary
  - Table Five forces analysis - Comparison between 2023 and 2028
- Bargaining power of buyers
  - Table Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
- Bargaining power of suppliers
  - Table Bargaining power of suppliers – Impact of key factors in 2023 and 2028
- Threat of new entrants
  - Table Threat of new entrants – Impact of key factors in 2023 and 2028
- Threat of substitutes
  - Table Threat of substitutes – Impact of key factors in 2023 and 2028
- Threat of rivalry
  - Table Threat of rivalry – Impact of key factors in 2023 and 2028
- Market condition
  - Table Chart on Market condition - Five forces 2023 and 2028
Market Segmentation by Technology
- Market segments
  - Table Chart on Technology - Market share 2023-2028 (%)
  - Table Data Table on Technology - Market share 2023-2028 (%)
- Comparison by Technology
  - Table Chart on Comparison by Technology
  - Table Data Table on Comparison by Technology
- Demand response - Market size and forecast 2023-2028
  - Table Chart on Demand response - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Demand response - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Demand response - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Demand response - Year-over-year growth 2023-2028 (%)
- Distributed generation - Market size and forecast 2023- 2028
  - Table Chart on Distributed generation - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Distributed generation - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Distributed generation - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Distributed generation - Year-over-year growth 2023-2028 (%)
- Mixed asset - Market size and forecast 2023-2028
  - Table Chart on Mixed asset - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Mixed asset - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Mixed asset - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Mixed asset - Year-over-year growth 2023-2028 (%)
- Market opportunity by Technology
  - Table Market opportunity by Technology ($ million)
  - Table Data Table on Market opportunity by Technology ($ million)
Market Segmentation by End-user
- Market segments
  - Table Chart on End-user - Market share 2023-2028 (%)
  - Table Data Table on End-user - Market share 2023-2028 (%)
- Comparison by End-user
  - Table Chart on Comparison by End-user
  - Table Data Table on Comparison by End-user
- Industrial - Market size and forecast 2023-2028
  - Table Chart on Industrial - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Industrial - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Industrial - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Industrial - Year-over-year growth 2023-2028 (%)
- Commercial - Market size and forecast 2023-2028
  - Table Chart on Commercial - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Commercial - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Commercial - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Commercial - Year-over-year growth 2023-2028 (%)
- Residential - Market size and forecast 2023-2028
  - Table Chart on Residential - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Residential - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Residential - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Residential - Year-over-year growth 2023-2028 (%)
- Market opportunity by End-user
  - Table Market opportunity by End-user ($ million)
  - Table Data Table on Market opportunity by End-user ($ million)
Customer Landscape
- Customer landscape overview
  - Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Geographic Landscape
- Geographic segmentation
  - Table Chart on Market share by geography 2023-2028 (%)
  - Table Data Table on Market share by geography 2023-2028 (%)
- Geographic comparison
  - Table Chart on Geographic comparison
  - Table Data Table on Geographic comparison
- North America - Market size and forecast 2023-2028
  - Table Chart on North America - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on North America - Market size and forecast 2023-2028 ($ million)
  - Table Chart on North America - Year-over-year growth 2023-2028 (%)
  - Table Data Table on North America - Year-over-year growth 2023-2028 (%)
- Europe - Market size and forecast 2023-2028
  - Table Chart on Europe - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Europe - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Europe - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Europe - Year-over-year growth 2023-2028 (%)
- APAC - Market size and forecast 2023-2028
  - Table Chart on APAC - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on APAC - Market size and forecast 2023-2028 ($ million)
  - Table Chart on APAC - Year-over-year growth 2023-2028 (%)
  - Table Data Table on APAC - Year-over-year growth 2023-2028 (%)
- South America - Market size and forecast 2023-2028
  - Table Chart on South America - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on South America - Market size and forecast 2023-2028 ($ million)
  - Table Chart on South America - Year-over-year growth 2023-2028 (%)
  - Table Data Table on South America - Year-over-year growth 2023-2028 (%)
- Middle East and Africa - Market size and forecast 2023- 2028
  - Table Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- US - Market size and forecast 2023-2028
  - Table Chart on US - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on US - Market size and forecast 2023-2028 ($ million)
  - Table Chart on US - Year-over-year growth 2023-2028 (%)
  - Table Data Table on US - Year-over-year growth 2023-2028 (%)
- Germany - Market size and forecast 2023-2028
  - Table Chart on Germany - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Germany - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Germany - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Germany - Year-over-year growth 2023-2028 (%)
- China - Market size and forecast 2023-2028
  - Table Chart on China - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on China - Market size and forecast 2023-2028 ($ million)
  - Table Chart on China - Year-over-year growth 2023-2028 (%)
  - Table Data Table on China - Year-over-year growth 2023-2028 (%)
- UK - Market size and forecast 2023-2028
  - Table Chart on UK - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on UK - Market size and forecast 2023-2028 ($ million)
  - Table Chart on UK - Year-over-year growth 2023-2028 (%)
  - Table Data Table on UK - Year-over-year growth 2023-2028 (%)
- India - Market size and forecast 2023-2028
  - Table Chart on India - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on India - Market size and forecast 2023-2028 ($ million)
  - Table Chart on India - Year-over-year growth 2023-2028 (%)
  - Table Data Table on India - Year-over-year growth 2023-2028 (%)
- Market opportunity by geography
  - Table Market opportunity by geography ($ million)
  - Table Data Tables on Market opportunity by geography ($ million)
Drivers, Challenges, and Trends
- Market drivers
  - Increase in integration of renewable energy sources
  - Enhancing grid flexibility by aggregating and controlling distributed energy resources (DERs)
- Market challenges
  - Lack of expertise and inadequate infrastructure of virtual power plants
  - Rising concerns in data security and privacy
- Impact of drivers and challenges
  - Table Impact of drivers and challenges in 2023 and 2028
- Market trends
  - Increased use of artificial intelligence (AI), machine learning, and advanced data analytics
  - Rise in integration of EVs as flexible assets
Vendor Landscape
- Overview
- Vendor landscape
  - Table Overview on Criticality of inputs and Factors of differentiation
- Landscape disruption
  - Table Overview on factors of disruption
- Industry risks
  - Table Impact of key risks on business
Vendor Analysis
- Vendors covered
  - Table Vendors covered
- Market positioning of vendors
  - Table Matrix on vendor position and classification
- ABB Ltd.
  - Table ABB Ltd. - Overview
  - Table ABB Ltd. - Business segments
  - Table ABB Ltd. - Key offerings
  - Table ABB Ltd. - Segment focus
- Alarm.com Holdings Inc.
  - Table Alarm.com Holdings Inc. - Overview
  - Table Alarm.com Holdings Inc. - Business segments
  - Table Alarm.com Holdings Inc. - Key offerings
  - Table Alarm.com Holdings Inc. - Segment focus
- Duke Energy Corp.
  - Table Duke Energy Corp. - Overview
  - Table Duke Energy Corp. - Business segments
  - Table Duke Energy Corp. - Key news
  - Table Duke Energy Corp. - Key offerings
  - Table Duke Energy Corp. - Segment focus
- ENGIE SA
  - Table ENGIE SA - Overview
  - Table ENGIE SA - Business segments
  - Table ENGIE SA - Key offerings
  - Table ENGIE SA - Segment focus
- Generac Holdings Inc.
  - Table Generac Holdings Inc. - Overview
  - Table Generac Holdings Inc. - Business segments
  - Table Generac Holdings Inc. - Key news
  - Table Generac Holdings Inc. - Key offerings
  - Table Generac Holdings Inc. - Segment focus
- HubSpot Inc.
  - Table HubSpot Inc. - Overview
  - Table HubSpot Inc. - Product / Service
  - Table HubSpot Inc. - Key news
  - Table HubSpot Inc. - Key offerings
- Kyocera Corp.
  - Table Kyocera Corp. - Overview
  - Table Kyocera Corp. - Business segments
  - Table Kyocera Corp. - Key offerings
  - Table Kyocera Corp. - Segment focus
- Orsted AS
  - Table Orsted AS - Overview
  - Table Orsted AS - Product / Service
  - Table Orsted AS - Key news
  - Table Orsted AS - Key offerings
- RWE AG
  - Table RWE AG - Overview
  - Table RWE AG - Business segments
  - Table RWE AG - Key news
  - Table RWE AG - Key offerings
  - Table RWE AG - Segment focus
- Schneider Electric SE
  - Table Schneider Electric SE - Overview
  - Table Schneider Electric SE - Business segments
  - Table Schneider Electric SE - Key news
  - Table Schneider Electric SE - Key offerings
  - Table Schneider Electric SE - Segment focus
- Siemens AG
  - Table Siemens AG - Overview
  - Table Siemens AG - Business segments
  - Table Siemens AG - Key news
  - Table Siemens AG - Key offerings
  - Table Siemens AG - Segment focus
- SolarHub
  - Table SolarHub - Overview
  - Table SolarHub - Product / Service
  - Table SolarHub - Key offerings
- Sunrun Inc.
  - Table Sunrun Inc. - Overview
  - Table Sunrun Inc. - Product / Service
  - Table Sunrun Inc. - Key offerings
- Sunverge Energy Inc.
  - Table Sunverge Energy Inc. - Overview
  - Table Sunverge Energy Inc. - Product / Service
  - Table Sunverge Energy Inc. - Key offerings
- Tesla Inc.
  - Table Tesla Inc. - Overview
  - Table Tesla Inc. - Business segments
  - Table Tesla Inc. - Key news
  - Table Tesla Inc. - Key offerings
  - Table Tesla Inc. - Segment focus
Appendix
- Scope of the report
  - Market definition
  - Objectives
  - Notes and caveats
- Inclusions and exclusions checklist
  - Table Inclusions checklist
  - Table Exclusions checklist
- Currency conversion rates for US$
  - Table Currency conversion rates for US$
- Research methodology
  - Table Research methodology
  - Table Validation techniques employed for market sizing
  - Table Information sources
- List of abbreviations
  - Table List of abbreviations