Market Research

Asia-Pacific Virtual Power Plant Market 2024-2032

Best Price Guarantee Length Publisher Published Date SKU
from $1,500 124 Pages Triton Market Research March, 2024 TRTN18603726
Best Price Guarantee
Price from $1,500
Length 124 Pages
Publisher Triton Market Research
Published Date March, 2024
SKU TRTN18603726

Asia-pacific Virtual Power Plant Market 2024-2032



MARKET OUTLOOK

Triton’s research report shows that the Asia-Pacific virtual power plant market is expected to generate revenue growth at a CAGR of 23.74% during the 2024-2032 forecast years. China, India, South Korea, ASEAN countries, Australia & New Zealand, Japan, and the Rest of Asia-Pacific are examined in this report.

Japan is actively prioritizing significant resources with initiatives aimed at enhancing energy efficiency. As per the Ministry of Economy, Trade, and Industry, subsidies were allocated to facilitate the implementation of energy management systems targeting both residential and commercial consumers. Accordingly, the adoption of virtual power plants in Japan is influenced by the utilization of renewable energy sources for electricity generation, thereby driving its market growth.

South Korea presents distinct opportunities for the virtual power plant market, driven by the rapid adoption of automation and control technologies. The country is addressing its long-term energy needs and greenhouse gas reduction goals by transitioning away from carbon-intensive fuels and improving energy efficiency. With a target to increase the share of renewable energy in its energy mix to 20% by 2030, the government’s policy measures are further stimulating market growth.

COMPETITIVE OUTLOOK

The key companies listed in the virtual power plant market are Siemens AG, Autogrid Systems Inc, ABB Ltd, Enel X, Sunverge Energy Inc, General Electric Company, Bosch, Next Kraftwerke, EnergyHub, Generac Grid Services, Cisco Systems Inc, and Limejump.


1. Asia-pacific Virtual Power Plant Market – Summary
2. Industry Outlook
2.1. Impact Of Covid-19 On The Virtual Power Plant Market
2.2. Porter’s Five Forces Analysis
2.2.1. Threat Of New Entrants
2.2.2. Threat Of Substitutes
2.2.3. Bargaining Power Of Suppliers
2.2.4. Bargaining Power Of Buyers
2.2.5. Threat Of Competitive Rivalry
2.3. Key Market Strategies
2.3.1. Contracts And Partnerships
2.3.2. Business Expansions And Divestitures
2.3.3. Acquisitions
2.4. Market Drivers
2.4.1. Growing Focus On Renewable Energy Generation
2.4.2. Increasing Prevalence Of Decentralized Power Generation
2.5. Market Challenges
2.5.1. Extensive Capital Requirement
2.5.2. Lacking Infrastructure And Issues In Incorporating Technology
2.6. Analyst Perspective
3. Asia-pacific Virtual Power Plant Market - By Technology
3.1. Demand Response
3.2. Distributed Generation
3.3. Mixed Assets
4. Asia-pacific Virtual Power Plant Market - By End-user
4.1. Industrial
4.2. Commercial
4.3. Residential
5. Asia-pacific Virtual Power Plant Market – By Country Outlook
5.1. Country Analysis
5.1.1. China
5.1.2. Japan
5.1.3. India
5.1.4. South Korea
5.1.5. Asean Countries
5.1.6. Rest Of Asia-pacific
6. Competitive Landscape
6.1. Abb Ltd
6.1.1. Overview
6.1.2. Product Portfolio
6.1.3. Strengths
6.1.4. Challenge
6.2. Autogrid Systems Inc
6.2.1. Overview
6.2.2. Product Portfolio
6.2.3. Strengths
6.2.4. Challenge
6.3. Enel X
6.3.1. Overview
6.3.2. Product Portfolio
6.3.3. Strengths
6.3.4. Challenge
6.4. General Electric Company
6.4.1. Overview
6.4.2. Product Portfolio
6.4.3. Strengths
6.4.4. Challenge
6.5. Bosch
6.5.1. Overview
6.5.2. Product Portfolio
6.5.3. Strengths
6.5.4. Challenge
6.6. Next Kraftwerke
6.6.1. Overview
6.6.2. Product Portfolio
6.6.3. Strengths
6.6.4. Challenge
6.7. Generac Grid Services
6.7.1. Overview
6.7.2. Product Portfolio
6.7.3. Strengths
6.7.4. Challenge
6.8. Sunverge Energy Inc
6.8.1. Overview
6.8.2. Product Portfolio
6.8.3. Strengths
6.8.4. Challenge
6.9. Cisco Systems Inc
6.9.1. Overview
6.9.2. Product Portfolio
6.9.3. Strengths
6.9.4. Challenge
6.10. Siemens Ag
6.10.1. Overview
6.10.2. Product Portfolio
6.10.3. Strengths
6.10.4. Challenge
6.11. Energyhub
6.11.1. Overview
6.11.2. Product Portfolio
6.12. Limejump
6.12.1. Overview
6.12.2. Product Portfolio
7. Research Methodology & Scope
7.1. Research Scope & Deliverables
7.1.1. Objectives Of Study
7.1.2. Scope Of Study
7.2. Sources Of Data
7.2.1. Primary Data Sources
7.2.2. Secondary Data Sources
7.3. Research Methodology
7.3.1. Evaluation Of The Proposed Market
7.3.2. Identification Of Data Sources
7.3.3. Assessment Of Market Determinants
7.3.4. Data Collection
7.3.5. Data Validation & Analysis
List Of Tables
Table 1: Asia-pacific Virtual Power Plant Market, By Country Outlook, 2024-2032 (In $ Million)
Table 2: List Of Contracts And Partnerships
Table 3: List Of Business Expansions And Divestitures
Table 4: List Of Acquisitions
Table 5: Asia-pacific Virtual Power Plant Market, By Technology, 2024-2032 (In $ Million)
Table 6: Asia-pacific Virtual Power Plant Market, By End-user, 2024-2032 (In $ Million)
List Of Figures
Figure 1: Porter’s Five Forces Analysis
Figure 2: Asia-pacific Virtual Power Plant Market, By Technology, 2023 & 2032
Figure 3: Asia-pacific Virtual Power Plant Market, By Demand Response, 2024-2032 (In $ Million)
Figure 4: Asia-pacific Virtual Power Plant Market, By Distributed Generation, 2024-2032 (In $ Million)
Figure 5: Asia-pacific Virtual Power Plant Market, By Mixed Assets, 2024-2032 (In $ Million)
Figure 6: Asia-pacific Virtual Power Plant Market, By End-user, 2023 & 2032 (In %)
Figure 7: Asia-pacific Virtual Power Plant Market, By Industrial, 2024-2032 (In $ Million)
Figure 8: Asia-pacific Virtual Power Plant Market, By Commercial, 2024-2032 (In $ Million)
Figure 9: Asia-pacific Virtual Power Plant Market, By Residential, 2024-2032 (In $ Million)
Figure 10: China Virtual Power Plant Market 2024-2032 (In $ Million)
Figure 11: Japan Virtual Power Plant Market 2024-2032 (In $ Million)
Figure 12: India Virtual Power Plant Market 2024-2032 (In $ Million)
Figure 13: South Korea Virtual Power Plant Market 2024-2032 (In $ Million)
Figure 14: Asean Countries Virtual Power Plant Market 2024-2032 (In $ Million)
Figure 15: Rest Of Asia-pacific Virtual Power Plant Market 2024-2032 (In $ Million)

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