Market Research

North America Virtual Power Plant Market 2024-2032

Best Price Guarantee Length Publisher Published Date SKU
from $1,500 113 Pages Triton Market Research March, 2024 TRTN18603730
Best Price Guarantee
Price from $1,500
Length 113 Pages
Publisher Triton Market Research
Published Date March, 2024
SKU TRTN18603730

North America Virtual Power Plant Market 2024-2032



MARKET OUTLOOK

Triton’s research report predicts that the North American virtual power plant market is set to attain growth at a CAGR of 23.42% over the 2024-2032 forecast period. The United States and Canada are examined in this report.

In the United States, the Federal Energy Regulatory Commission implemented an incentive payment mechanism initiative. It aimed at targeting the reduction of electricity consumption during periods of high per-unit costs in the wholesale market. Moreover, increasing market integration of distributed energy resources is influencing the adoption of virtual power plants, thereby mitigating power fluctuations and offering services like voltage and frequency control.

Similarly, the population in Canada relies heavily on decentralized electricity generation to fulfill the nation’s power needs. The power sector is undergoing significant change, shifting away from centralized systems towards a focus on technology and innovation. In this regard, distributed generation encompasses various methods, such as solar panels, small hydro plants, small wind turbines, and gas turbines. This shift is compelling manufacturers to explore the virtual power plants market.

COMPETITIVE OUTLOOK

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


1. North America 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. North America Virtual Power Plant Market - By Technology
3.1. Demand Response
3.2. Distributed Generation
3.3. Mixed Assets
4. North America Virtual Power Plant Market - By End-user
4.1. Industrial
4.2. Commercial
4.3. Residential
5. North America Virtual Power Plant Market – By Country Outlook
5.1. Country Analysis
5.1.1. United States
5.1.2. Canada
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: North America 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: North America Virtual Power Plant Market, By Technology, 2024-2032 (In $ Million)
Table 6: North America Virtual Power Plant Market, By End-user, 2024-2032 (In $ Million)
List Of Figures
Figure 1: Porter’s Five Forces Analysis
Figure 2: North America Virtual Power Plant Market, By Technology, 2023 & 2032
Figure 3: North America Virtual Power Plant Market, By Demand Response, 2024-2032 (In $ Million)
Figure 4: North America Virtual Power Plant Market, By Distributed Generation, 2024-2032 (In $ Million)
Figure 5: North America Virtual Power Plant Market, By Mixed Assets, 2024-2032 (In $ Million)
Figure 6: North America Virtual Power Plant Market, By End-user, 2023 & 2032 (In %)
Figure 7: North America Virtual Power Plant Market, By Industrial, 2024-2032 (In $ Million)
Figure 8: North America Virtual Power Plant Market, By Commercial, 2024-2032 (In $ Million)
Figure 9: North America Virtual Power Plant Market, By Residential, 2024-2032 (In $ Million)
Figure 10: United States Virtual Power Plant Market 2024-2032 (In $ Million)
Figure 11: Canada Virtual Power Plant Market 2024-2032 (In $ Million)

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