Virtual Power Plant Market Size- By Technology, By Vertical, By Source- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
Virtual Power Plant Market Introduction and Overview
According to SPER market research, ‘Virtual Power Plant Market Size- By Technology, By Vertical, By Source- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Global Virtual Power Plant Market is predicted to reach USD 12.84 billion by 2033 with a CAGR of 23.61%.
A virtual power plant is an array of dispersed power systems intended to combine several distributed energy sources, including hydropower plants, wind turbines, and solar photovoltaic cells. Additionally, virtual power plants offer the ability to trade or sell power on the trading market, enabling efficient power output even during moments of high load. A virtual power plant is a medium-sized power producing facility that combines storage devices with a variety of renewable energy sources, including solar, wind, and other flexible power users.
The COVID-19 epidemic has resulted in significant reductions in freight and electricity costs for many networks around the world. Meanwhile, the output of renewable energy has remained constant despite the coronavirus lockdown. Furthermore, the global downturn has lowered demand for thermal-generated electricity.
Scope of the Report:
Report Metric Details
Market size available for years 2020-2033
Base year considered 2023
Forecast period 2024-2033
Segments covered By Technology, By Vertical, By Source
Regions covered North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
Companies Covered
ABB LTD., AGL ENERGY LIMITED, AUTOGRID SYSTEMS, INC., ENBALA POWER NETWORKS, Enel x, INC., General Electric Company, Limejump Energy Ltd., SCHNEIDER ELECTRIC SE, SIEMENS AG and SUNVERGE ENERGY INC.
Global Virtual Power Plant Market Segmentation:
By Technology:Based on the Technology, Global Virtual Power Plant Market is segmented as; Demand Response, Mixed Asset, Supply Side.
By Vertical:Based on the Vertical, Global Virtual Power Plant Market is segmented as; Commercial, Industrial and Residential.
By Source:Based on the Source, Global Virtual Power Plant Market is segmented as; Cogeneration, Renewable Energy and Storage.
By Region:This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.
- 1. Introduction
- 1.1. Scope of the report
- 1.2. Market segment analysis
- 2. Research Methodology
- 2.1. Research data source
- 2.1.1. Secondary Data
- 2.1.2. Primary Data
- 2.1.3. SPER’s internal database
- 2.1.4. Premium insight from KOL’s
- 2.2. Market size estimation
- 2.2.1. Top-down and Bottom-up approach
- 2.3. Data triangulation
- 3. Executive Summary
- 4. Market Dynamics
- 4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1. Drivers
- 4.1.2. Restraints
- 4.1.3. Opportunities
- 4.1.4. Challenges
- 4.2. COVID-19 Impacts of the Global Virtual Power Plant Market
- 5. Market variable and outlook
- 5.1. SWOT Analysis
- 5.1.1. Strengths
- 5.1.2. Weaknesses
- 5.1.3. Opportunities
- 5.1.4. Threats
- 5.2. PESTEL Analysis
- 5.2.1. Political Landscape
- 5.2.2. Economic Landscape
- 5.2.3. Social Landscape
- 5.2.4. Technological Landscape
- 5.2.5. Environmental Landscape
- 5.2.6. Legal Landscape
- 5.3. PORTER’s Five Forces
- 5.3.1. Bargaining power of suppliers
- 5.3.2. Bargaining power of buyers
- 5.3.3. Threat of Substitute
- 5.3.4. Threat of new entrant
- 5.3.5. Competitive rivalry
- 5.4. Heat Map Analysis
- 6. Competitive Landscape
- 6.1. Global Virtual Power Plant Market Manufacturing Base Distribution, Sales Area, Product Type
- 6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Virtual Power Plant Market
- 7. Global Virtual Power Plant Market, By Technology (USD Million)
- 7.1. Global Virtual Power Plant Market Value Share and Forecast, By Technology, 2024-2033
- 7.2. Demand Response
- 7.3. Mixed Asset
- 7.4. Supply Side
- 8. Global Virtual Power Plant Market, By Vertical (USD Million)
- 8.1. Global Virtual Power Plant Market Value Share and Forecast, By Vertical, 2024-2033
- 8.2. Commercial
- 8.3. Industrial
- 8.4. Residential
- 9. Global Virtual Power Plant Market, By Source (USD Million)
- 9.1. Global Virtual Power Plant Market Value Share and Forecast, By Source, 2024-2033
- 9.2. Cogeneration
- 9.3. Renewable Energy
- 9.4. Storage
- 10. Global Virtual Power Plant Market Forecast, 2020-2033 (USD Million)
- 10.1. Global Virtual Power Plant Market Size and Market Share
- 11. Global Virtual Power Plant Market, By Technology, 2020-2033 (USD Million)
- 11.1. Global Virtual Power Plant Market Size and Market Share By Technology (2020-2026)
- 11.2. Global Virtual Power Plant Market Size and Market Share By Technology (2027-2033)
- 12. Global Virtual Power Plant Market, By Vertical, 2020-2033 (USD Million)
- 12.1. Global Virtual Power Plant Market Size and Market Share By Vertical (2020-2026)
- 12.2. Global Virtual Power Plant Market Size and Market Share By Vertical (2027-2033)
- 13. Global Virtual Power Plant Market, By Source, 2020-2033 (USD Million)
- 13.1. Global Virtual Power Plant Market Size and Market Share By Source (2020-2026)
- 13.2. Global Virtual Power Plant Market Size and Market Share By Source (2027-2033)
- 14. Global Virtual Power Plant Market, By Region, 2019-2033 (USD Million)
- 14.1. Global Virtual Power Plant Market Size and Market Share By Region (2020-2026)
- 14.2. Global Virtual Power Plant Market Size and Market Share By Region (2027-2033)
- 14.3. Asia-Pacific
- 14.3.1. Australia
- 14.3.2. China
- 14.3.3. India
- 14.3.4. Japan
- 14.3.5. South Korea
- 14.3.6. Rest of Asia-Pacific
- 14.4. Europe
- 14.4.1. France
- 14.4.2. Germany
- 14.4.3. Italy
- 14.4.4. Spain
- 14.4.5. United Kingdom
- 14.4.6. Rest of Europe
- 14.5. Middle East and Africa
- 14.5.1. Kingdom of Saudi Arabia
- 14.5.2. United Arab Emirates
- 14.5.3. Rest of Middle East & Africa
- 14.6. North America
- 14.6.1. Canada
- 14.6.2. Mexico
- 14.6.3. United States
- 14.7. Latin America
- 14.7.1. Argentina
- 14.7.2. Brazil
- 14.7.3. Rest of Latin America
- 15. Company Profile
- 15.1. AUTOGRID SYSTEM, INC.,
- 15.1.1. Company details
- 15.1.2. Financial outlook
- 15.1.3. Product summary
- 15.1.4. Recent developments
- 15.2. AGL ENERGY LIMITED
- 15.2.1. Company details
- 15.2.2. Financial outlook
- 15.2.3. Product summary
- 15.2.4. Recent developments
- 15.3. ENBALA POWER NETWORKS
- 15.3.1. Company details
- 15.3.2. Financial outlook
- 15.3.3. Product summary
- 15.3.4. Recent developments
- 15.4. Enel x, INC.,
- 15.4.1. Company details
- 15.4.2. Financial outlook
- 15.4.3. Product summary
- 15.4.4. Recent developments
- 15.5. General Electric Company
- 15.5.1. Company details
- 15.5.2. Financial outlook
- 15.5.3. Product summary
- 15.5.4. Recent developments
- 15.6. Limejump Energy Ltd.
- 15.6.1. Company details
- 15.6.2. Financial outlook
- 15.6.3. Product summary
- 15.6.4. Recent developments
- 15.7. SUNVERGE ENERGY INC.,
- 15.7.1. Company details
- 15.7.2. Financial outlook
- 15.7.3. Product summary
- 15.7.4. Recent developments
- 15.8. SIEMENS AG
- 15.8.1. Company details
- 15.8.2. Financial outlook
- 15.8.3. Product summary
- 15.8.4. Recent developments
- 15.9. SCHNEIDER ELECTRIC SE
- 15.9.1. Company details
- 15.9.2. Financial outlook
- 15.9.3. Product summary
- 15.9.4. Recent developments
- 15.10. Others
- 16. List of Abbreviations
- 17. Reference Links
- 18. Conclusion
- 19. Research Scope
Research Assistance
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