Report
Description
A recent market intelligence report that is published by Data
Insights Partner on Virtual Power Plant (VPP) Market makes an offering of in-depth analysis of segments and
sub-segments in the regional and international Virtual Power
Plant (VPP) Market. The research
also emphasizes on the impact of restraints, drivers, and macro indicators on
the regional and world Virtual Power Plant (VPP) Market
over the short as well as long period of time. A detailed
presentation of forecast, trends, and dollar values of international Virtual
Power Plant (VPP) Market is offered. In accordance with the report, the Virtual
Power Plant (VPP) Market is projected to expand at a CAGR of 25.4% over the period of forecast.
Market
Insight, Drivers, Restraints & Opportunity of the Market:
The utility world has changed significantly in last few
decades. A virtual power plant (VPP) is a, medium-scale power generating and
network of decentralized units which includes solar parks and wind farms,
combined heat and power (CHP) units as well as flexible batteries and power
consumers. In addition, a virtual power plants aims at efficiently
incorporating a high number of renewable power units into existing energy
arrangements. Additionally, power distributer within a virtual power plant are
able to use trading of renewable energies and live data to enhance forecasting.
Across the globe, increasing the demand of smart grid technologies in
residential and commercial storage energy system has added extra valuation
towards the virtual power plant market. The virtual power plant technology has
different advantages which includes reducing power flows issues or outage
avoidance and provide better peak load management facilities. Various power
distributors are now focusing on installation of virtual power plant to enhance
their power distribution channel. Moreover, the Virtual Power Plant (VPP)
Market is estimated a stable during the forecast period from 2019 to 2027 owing
to increase in the number of smart grid installation across the part of the
world.
Geographically, global Virtual Power Plant (VPP) Market
has been segmented into North America, Europe, Asia Pacific, Middle- East and
Africa (MEA) and Latin America. In 2018, North America held the largest Market
share in the Virtual Power Plant (VPP) Market across various regions. In North
America the largest market for demand response where various power distribution
companies are adopting this new technology to reduce power consumption to avoid
the peak power prices or when the grid is overburdened. Additionally, owing to
the widespread use of these technology in industrial and commercial as well as
residential sector in North America it is expected to increase the market
demand in coming years. Owing to significant economic growth in Power
management and electrical segment, China, the U.S and the U.K among others are
major market for this product market. The growing infrastructure development,
especially in the various part of Asia-Pacific region is likely to drive the
growth of the global Virtual Power Plant (VPP) Market. In coming years, wind
mills integration with hydro pump storage systems is predicted to use the
storage energy during off peak hours. This would be major factor to boost the
demand of this product market. In addition, increasing focus on renewable power
generation by government initiative in various countries such as U.S, Canada,
Germany and France among other countries also acting as a driving factor in the
growth for Virtual Power Plant (VPP) Market.
Segment
Covered:
Global Virtual Power Plant (VPP) Market has been
segmented on the basis of the technology, end use and geography. Based on
technology, global Virtual Power Plant (VPP) Market is segmented into three
types which includes demand response, distribution generation, and mixed asset.
In 2018, the demand response segment held the highest market share among the
other market segment of Virtual Power Plant market. This is primarily due to
various advantages that demand response technology provides earning incentives and
peak load management by participating in demand response program. On the basis
of end use, global Virtual Power Plant (VPP) Market has been bifurcated into
commercial, residential and industrial. In addition, Virtual Power Plant (VPP)
market is growing in residential homes through participating in distributed
generation, storage energy system and demand response program. Thus,
residential segment is anticipated to grow at the fastest pace in coming years.
Furthermore, increasing focus of renewable energy in the power generation mix
and increasing focus towards generation of renewable power energy sources is
expected to use these technology in coming years. This factor is expected to
act as an important factor to grow the market demand of virtual power plant in
coming years. On the flip side, radio frequency exposure from virtual power
plant and health safety concerns regarding electromagnetic frequency is
hindering the growth of this product market.
Profiling
of Market Players:
This business intelligence report offers profiling of
reputed companies that are operating in the market. Companies such as Siemens AG (Germany), Schneider Electric SE (France), ABB Ltd.
(Switzerland), Cpower Energy Management (The U.S) General Electric ( The U.S.),
Comverge, Inc. ( The U.S.), Limejump (U.K.), Robert Bosch GmbH (Germany),
EnerNOC, Inc. (The U.S.), Hitachi, Ltd. (Japan) and Flexitricity (U.K.) among
others.Contracts for design, installation, supply & agreements was the
commonly implemented strategy by the major players in the Virtual
Power Plant (VPP) Market in between 2015 to 2018 . Moreover, parameters such as Virtual Power
Plant (VPP) Market related
investment & spending and developments by major players of the market are
tracked in this global report.
Report
Highlights:
In-depth analysis of the micro and macro indicators,
market trends, and forecasts of demand is offered by this business intelligence
report. Furthermore, the report offers a vivid picture of the factors that are steering
and restraining the growth of this market across all geographical segments. In
addition to that, IGR-Growth Matrix analysis is also provided in the report so
as to share insight of the investment areas that new or existing market players
can take into consideration. Various analytical tools such as DRO analysis,
Porter's five forces analysis has been used in this report to present a clear
picture of the market. The study focuses on the present market trends and
provides market forecast from the year 2017-2027. Emerging trends that would
shape the market demand in the years to come have been highlighted in this
report. A competitive analysis in each of the geographical segments gives an
insight into market share of the global players.
Salient
Features:
Ø This study offers comprehensive yet detailed analysis of
the Virtual Power Plant (VPP) Market, size of the market (US$ Mn), and Compound Annual Growth
Rate (CAGR (%)) for the period of forecast: 2019 – 2027, taking into account 2017
as the base year
Ø It explains upcoming revenue opportunities across various
market segments and attractive matrix of investment proposition for the said
market
Ø This market intelligence report also offers pivotal insights
about various market opportunities, restraints, drivers, launch of new products,
competitive market strategies of leading market players, emerging market
trends, and regional outlook
Ø Profiling of key market players in the world Virtual
Power Plant (VPP) Market is done by
taking into account various parameters such as company strategies, distribution
strategies, product portfolio, financial performance, key developments,
geographical presence, and company overview
Ø Leading market players covered this report comprise names
such Siemens AG (Germany), Schneider Electric SE
(France), ABB Ltd. (Switzerland), Cpower Energy Management (The U.S) General
Electric ( The U.S.), Comverge, Inc. ( The U.S.), Limejump (U.K.), Robert Bosch
GmbH (Germany), EnerNOC, Inc. (The U.S.), Hitachi, Ltd. (Japan) and
Flexitricity (U.K.) among others
Ø The data of this report would allow management
authorities and marketers of companies alike to take informed decision when it
comes to launch of products, government initiatives, marketing tactics and
expansion, and technical up gradation
Ø The world market for Virtual Power
Plant (VPP) Market caters to the
needs of various stakeholders pertaining to this industry, namely suppliers,
product manufacturers, investors, and distributors for Virtual Power
Plant (VPP) Market. The research
also caters to the rising needs of consulting and research firms, financial
analysts, and new market entrants
Ø Research methodologies that have been adopted for the
purpose of this study have been clearly elaborated so as to facilitate better
understanding of the reports
Ø Reports have been made based on the guidelines as
mandated by General Data Protection Regulation
Ø Ample number of examples and case studies have been taken
into consideration before coming to a conclusion
Reasons
to buy:
v Identify opportunities and plan strategies by having a
strong understanding of the investment opportunities in the Virtual
Power Plant (VPP) Market
v
Identification
of key factors driving investment opportunities in the Virtual Power
Plant (VPP) Market Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants