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Virtual Power Plant Market by Technology (Distribution Generation, Demand Response, and Mixed Asset) and by End User (Commercial, Industrial, and Residential) - Global Opportunity Analysis and Industry Forecast, 2017-2023

  • ALL1637411
  • 180 Pages
  • September 2017
  • Energy and Power
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The global virtual power plant market was valued at $762 million in 2016, and is expected to reach at $4,587 million by 2023, registering a CAGR of 25.9% from 2017 to 2023. Virtual Power plant (VPP) comprises of a multitude of decentralized, grid-connected energy units installed as an integrated component for flexible electricity production. The number of distributed resources are centrally controlled and managed as part of an interrelated network.

Rise in demand for renewable energy in power generation sector, changes in dynamic of power grids from centralized to distributed, and moderating costs and easy accessibility of energy storage drive the growth of the virtual power plant market. However, health concerns over high frequency human exposure of electromagnetic and radio waves hamper the potential of the market for different end users. Conversely, emerging shift toward electric vehicles and promotion of intelligent office buildings and smart grids, is expected to create opportunities in the market.

The global virtual power plant market is segmented based on technology, end user, and geography. By technology, it is classified into distribution generation, demand response, and mixed asset. Based on end user, it is divided into commercial, industrial, and residential. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

In 2016, North America occupied the highest market share, followed by Europe. The U.S. is expected to account for around half of the share of the global market by 2023, and is expected to witness substantial growth in the emerging countries such as China, South Korea, and Australia. The prominent players in the global virtual power plant market focus on product development and agreement as their key strategies to gain significant market share.

The key players profiled in the report are as follows

  • ABB Ltd.
  • AGL Energy
  • AutoGrid Systems, Inc.
  • Comverge, Inc.
  • Enbala Power Networks
  • EnerNOC, Inc.
  • General Electric Company
  • Siemens AG
  • Schneider Electric SE
  • Limejump Ltd.

KEY BENEFITS FOR STAKEHOLDERS

  • This report provides an extensive analysis of the current trends, emerging estimations, and dynamics in the global virtual power plant market.
  • In-depth analysis of market is conducted and estimations for key segments from 2016 to 2023 are provided.
  • Comprehensive analysis of factors that drive and restrain the market growth is provided.
  • Market share for all segments with respect to each geographical segment is detailed in the report.
  • Key market players are profiled and their strategies are analyzed thoroughly, which provides a competitive outlook of the global industry trends.

Virtual Power Plant Market Key Segments:

By Technology

  • Distribution Generation
  • Demand Response
  • Mixed Asset

By End User

  • Commercial
  • Industrial
  • Residential

By Region

  • North America

    • U.S.
    • Canada

  • Europe

    • UK
    • Germany
    • France
    • Denmark
    • Finland
    • Rest of Europe

  • Asia-Pacific

    • China
    • Japan
    • South Korea
    • Australia
    • Rest of Asia-Pacific

CHAPTER 1 INTRODUCTION

1.1. Report description

1.2. Key benefits

1.3. Key market segments

1.4. Research methodology

1.4.1. Primary research

1.4.2. Secondary research

1.4.3. Analyst tools and models

CHAPTER 2 EXECUTIVE SUMMARY

2.1. CXO perspective

CHAPTER 3 MARKET OVERVIEW

3.1. Market definition and scope

3.2. Key findings

3.2.1. Top investment pockets

3.2.2. Top winning strategies

3.2.3. Top player positioning

3.3. PATENT ANALYSIS

3.3.1. Patent analysis by year

3.3.2. Patent analysis by company

3.3.3. Patent analysis by region

3.3.4. Patent analysis by product

3.4. PORTERS FIVE FORCES ANALYSIS

3.4.1. Bargaining power of suppliers

3.4.2. Bargaining power of buyers

3.4.3. Threat of substitutes

3.4.4. Threat of new entrants

3.4.5. Competitive rivalry

3.5. MARKET DYNAMICS

3.5.1. Drivers

3.5.1.1. Rising demand for renewable energy in power generation sector

3.5.1.2. Changing dynamic of power grids from centralized to distributed

3.5.1.3. Reducing cost and easy accessiblity of energy storage

3.5.2. Restraints

3.5.2.1. Health concerns over high frequency human exposure of electromagnetic and radio waves

3.5.3. Opportunity

3.5.3.1. Emerging shift towards electric vehicles

3.5.3.2. Promotion of intelligent office buildings and smart grids

CHAPTER 4 VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY

4.1. OVERVIEW

4.1.1. Market Size and forecast

4.2. DISTRIBUTION GENERATION

4.2.1. Key Market trends, growth factors, and opportunities

4.2.2. Market size and forecast

4.2.2.1. By Geography

4.3. DEMAND RESPONSE

4.3.1. Key Market trends, growth factors, and opportunities

4.3.2. Market size and forecast

4.3.2.1. By Geography

4.4. MIXED ASSET

4.4.1. Key Market trends, growth factors, and opportunities

4.4.2. Market size and forecast

4.4.2.1. By Geography

CHAPTER 5 VIRTUAL POWER PLANT MARKET, BY END USER

5.1. OVERVIEW

5.1.1. Market size and forecast

5.2. INDUSTRIAL

5.2.1. Key Market trends, growth factors, and opportunities

5.2.2. Market size and forecast

5.2.2.1. By Geography

5.3. COMMERCIAL

5.3.1. Key Market trends, growth factors, and opportunities

5.3.2. Market size and forecast

5.3.2.1. By Geography

5.4. RESIDENTIAL

5.4.1. Key Market trends, growth factors, and opportunities

5.4.2. Market size and forecast

5.4.2.1. By Geography

CHAPTER 6 VIRTUAL POWER PLANT MARKET, BY GEOGRAPHY

6.1. OVERVIEW

6.1.1. Market Size and Forecast

6.2. NORTH AMERICA

6.2.1. Key Market Trends, Growth Factors and Opportunities

6.2.2. Market Size and Forecast

6.2.2.1. By Technology

6.2.2.2. By End User

6.2.2.3. By Country

6.2.3. U.S.

6.2.3.1. Market Size and Forecast

6.2.3.1.1. By Technology

6.2.3.1.2. By End User

6.2.4. Canada

6.2.4.1. Market Size and Forecast

6.2.4.1.1. By Technology

6.2.4.1.2. By End User

6.3. EUROPE

6.3.1. Key Market Trends, Growth Factors and Opportunities

6.3.2. Market Size and Forecast

6.3.2.1. By Technology

6.3.2.2. By End User

6.3.2.3. By Country

6.3.3. UK

6.3.3.1. Market Size and Forecast

6.3.3.1.1. By Technology

6.3.3.1.2. By End User

6.3.4. Germany

6.3.4.1. Market Size and Forecast

6.3.4.1.1. By Technology

6.3.4.1.2. By End User

6.3.5. France

6.3.5.1. Market Size and Forecast

6.3.5.1.1. By Technology

6.3.5.1.2. By End User

6.3.6. Denmark

6.3.6.1. Market Size and Forecast

6.3.6.1.1. By Technology

6.3.6.1.2. By End User

6.3.7. Finland

6.3.7.1. Market Size and Forecast

6.3.7.1.1. By Technology

6.3.7.1.2. By End User

6.3.8. Rest of Europe

6.3.8.1. Market Size and Forecast

6.3.8.1.1. By Technology

6.3.8.1.2. By End User

6.4. ASIA-PACIFIC

6.4.1. Key Market Trends, Growth Factors and Opportunities

6.4.2. Market Size and Forecast

6.4.2.1. By Technology

6.4.2.2. By End User

6.4.2.3. By Country

6.4.3. China

6.4.3.1. Market Size and Forecast

6.4.3.1.1. By Technology

6.4.3.1.2. By End User

6.4.4. Japan

6.4.4.1. Market Size and Forecast

6.4.4.1.1. By Technology

6.4.4.1.2. By End User

6.4.5. South Korea

6.4.5.1. Market Size and Forecast

6.4.5.1.1. By Technology

6.4.5.1.2. By End User

6.4.6. Australia

6.4.6.1. Market Size and Forecast

6.4.6.1.1. By Technology

6.4.6.1.2. By End User

6.4.7. Rest of Asia-Pacific

6.4.7.1. Market Size and Forecast

6.4.7.1.1. By Technology

6.4.7.1.2. By End User

CHAPTER 7 COMPANY PROFILES

7.1. ABB, LTD.

7.1.1. Company overview

7.1.2. Operating business segments

7.1.3. Business performance

7.1.4. Key strategies and developments

7.2. AGL ENERGY

7.2.1. Company overview

7.2.2. Operating business segments

7.2.3. Business performance

7.2.4. Key strategies and developments

7.3. AUTOGRID SYSTEMS, INC.

7.3.1. Company overview

7.3.2. Operating business segments

7.3.3. Business performance

7.3.4. Key strategies and developments

7.4. COMVERGE,, INC .

7.4.1. Company overview

7.4.2. Operating business segments

7.4.3. Business performance

7.4.4. Key strategies and developments

7.5. ENBALA POWER NETWORTKS

7.5.1. Company overview

7.5.2. Operating business segments

7.5.3. Business performance

7.5.4. Key strategies and developments

7.6. ENERNOC, INC.

7.6.1. Company overview

7.6.2. Operating business segments

7.6.3. Business performance

7.6.4. Key strategies and developments

7.7. GENERAL ELECTRIC COMPANY.

7.7.1. Company overview

7.7.2. Operating business segments

7.7.3. Business performance

7.7.4. Key strategies and developments

7.8. SIEMENS AG

7.8.1. Company overview

7.8.2. Operating business segments

7.8.3. Business performance

7.8.4. Key strategies and developments

7.9. SCHNEIDER ELECTRIC SE

7.9.1. Company overview

7.9.2. Operating business segments

7.9.3. Business performance

7.9.4. Key strategies and developments

7.10. LIMEJUMP LTD.

7.10.1. Company overview

7.10.2. Operating business segments

7.10.3. Business performance

7.10.4. Key strategies and developments

LIST OF TABLES

TABLE 1. GLOBAL VIRTUAL POWER PLANT MARKET, BY END USER, 2015-2023 ($MILLION)

TABLE 2. GLOBAL COMMERCIAL VIRTUAL POWER PLANT MARKET, 2015-2023 ($MILLION)

TABLE 3. GLOBAL INDUSTRIAL VIRTUAL POWER PLANT MARKET, 2015-2023 ($MILLION)

TABLE 4. GLOBAL OTHER VIRTUAL POWER PLANT MARKET, 2015-2023 ($MILLION)

TABLE 5. GLOBAL VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY, 2015-2023 ($MILLION)

TABLE 6. GLOBAL OXIDATIONVIRTUAL POWER PLANTS MARKET, 2015-2023 ($MILLION)

TABLE 7. GLOBAL DEMAND RESPONSE VIRTUAL POWER PLANTS MARKET, 2015-2023 ($MILLION)

TABLE 8. GLOBAL MIXED ASSET VIRTUAL POWER PLANTS MARKET, 2015-2023 ($MILLION)

TABLE 9. GLOBAL VIRTUAL POWER PLANT MARKET, BY GEOGRAPHY, 2015-2023 ($MILLION)

TABLE 10. NORTH AMERICA VIRTUAL POWER PLANT MARKET, BY END USER ($MILLION)

TABLE 11. NORTH AMERICA VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY ($MILLION)

TABLE 12. NORTH AMERICA VIRTUAL POWER PLANT MARKET, BY COUNTRY ($MILLION)

TABLE 13. U.S. VIRTUAL POWER PLANT MARKET, BY END USER ($MILLION)

TABLE 14. U.S. VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY ($MILLION)

TABLE 15. CANADA VIRTUAL POWER PLANT MARKET, BY END USER ($MILLION)

TABLE 16. CANADA VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY ($MILLION)

TABLE 17. EUROPE VIRTUAL POWER PLANT MARKET, BY END USER ($MILLION)

TABLE 18. EUROPE VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY ($MILLION)

TABLE 19. EUROPE VIRTUAL POWER PLANT MARKET, BY COUNTRY, 2015-2023 ($MILLION)

TABLE 20. UK VIRTUAL POWER PLANT MARKET, BY END USER ($MILLION)

TABLE 21. UK VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY ($MILLION)

TABLE 22. GERMANY VIRTUAL POWER PLANT MARKET, BY END USER ($MILLION)

TABLE 23. GERMANY VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY ($MILLION)

TABLE 24. FRANCE VIRTUAL POWER PLANT MARKET, BY END USER ($MILLION)

TABLE 25. FRANCE VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY ($MILLION)

TABLE 26. DENMARK VIRTUAL POWER PLANT MARKET, BY END USER ($MILLION)

TABLE 27. DENMARK VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY ($MILLION)

TABLE 28. FINLAND VIRTUAL POWER PLANT MARKET, BY END USER ($MILLION)

TABLE 29. FINLAND VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY ($MILLION)

TABLE 30. REST OF EUROPE VIRTUAL POWER PLANT MARKET, BY END USER ($MILLION)

TABLE 31. REST OF EUROPE VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY ($MILLION)

TABLE 32. ASIA-PACIFIC VIRTUAL POWER PLANT MARKET, BY END USER ($MILLION)

TABLE 33. ASIA-PACIFIC VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY ($MILLION)

TABLE 34. ASIA-PACIFIC VIRTUAL POWER PLANT MARKET, BY COUNTRY, 2015-2023 ($MILLION)

TABLE 35. CHINA VIRTUAL POWER PLANT MARKET, BY END USER ($MILLION)

TABLE 36. CHINA VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY ($MILLION)

TABLE 37. JAPAN VIRTUAL POWER PLANT MARKET, BY END USER ($MILLION)

TABLE 38. JAPAN VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY ($MILLION)

TABLE 39. SOUTH KOREA VIRTUAL POWER PLANT MARKET, BY END USER ($MILLION)

TABLE 40. SOUTH KOREA VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY ($MILLION)

TABLE 41. AUSTRALIA VIRTUAL POWER PLANT MARKET, BY END USER ($MILLION)

TABLE 42. AUSTRALIA VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY ($MILLION)

TABLE 43. REST OF ASIA-PACIFIC VIRTUAL POWER PLANT MARKET, BY END USER ($MILLION)

TABLE 44. REST OF ASIA-PACIFIC VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY ($MILLION)

TABLE 45. ABB LTD.: COMPANY SNAPSHOT

TABLE 46. ABB LTD.: OPERATING SEGMENTS

TABLE 47. AGL ENERGY: COMPANY SNAPSHOT

TABLE 48. AGL ENERGY: OPERATING SEGMENTS

TABLE 49. AUTOGRID SYSTEMS, INC: COMPANY SNAPSHOT

TABLE 50. AUTOGRID SYSTEMS, INC: OPERATING SEGMENTS

TABLE 51. COMVERGE, INC: COMPANY SNAPSHOT

TABLE 52. COMVERGE, INC: OPERATING SEGMENTS

TABLE 53. ENBALA POWER NETWORKS: COMPANY SNAPSHOT

TABLE 54. ENBALA POWER NETWORKS: OPERATING SEGMENTS

TABLE 55. ENERNOC, INC: COMPANY SNAPSHOT

TABLE 56. ENERNOC, INC: OPERATING SEGMENTS

TABLE 57. GENERAL ELECTRIC COMPANY: COMPANY SNAPSHOT

TABLE 58. GENERAL ELECTRIC COMPANY: OPERATING SEGMENTS

TABLE 59. SIEMENS AG: COMPANY SNAPSHOT

TABLE 60. SIEMENS AG: OPERATING SEGMENTS

TABLE 61. SCHNEIDER ELECTRIC SE: COMPANY SNAPSHOT

TABLE 62. SCHNEIDER ELECTRIC SE: OPERATING SEGMENTS

TABLE 63. LIMEJUMP LTD: COMPANY SNAPSHOT

TABLE 64. LIMEJUMP LTD: OPERATING SEGMENTS

LIST OF FIGURES

FIGURE 1. GLOBAL VIRTUAL POWER PLANT MARKET, 2016-2023

FIGURE 2. GLOBAL VIRTUAL POWER PLANT MARKET BY REGION, 2016-2023

FIGURE 3. GLOBAL VIRTUAL POWER PLANT MARKET: SEGMENTATION

FIGURE 4. TOP INVESTMENT POCKETS IN VIRTUAL POWER PLANT MARKET, 2016-2023

FIGURE 5. TOP WINNING STRATEGIES

FIGURE 6. BARGAINING POWER OF SUPPLIERS

FIGURE 7. BARGAINING POWER OF BUYERS

FIGURE 8. THREAT OF NEW ENTRANTS

FIGURE 9. THREAT OF SUBSTITUTES

FIGURE 10. COMPETITIVE RIVALRY

FIGURE 11. DRIVERS AND RESTRAINTS: GLOBAL VIRTUAL POWER PLANT MARKET

FIGURE 12. GLOBAL VIRTUAL POWER PLANT MARKET SHARE, BY END-USER

FIGURE 13. GLOBAL VIRTUAL POWER PLANT MARKET SHARE, BY TECHNOLOGY

FIGURE 14. U.S. VIRTUAL POWER PLANT MARKET VALUE, 2015-2023 ($MILLION)

FIGURE 15. CANADA VIRTUAL POWER PLANT MARKET VALUE, 2015-2023 ($MILLION)

FIGURE 16. UK VIRTUAL POWER PLANT MARKET VALUE, 2015-2023 ($MILLION)

FIGURE 17. GERMANY VIRTUAL POWER PLANT MARKET VALUE, 2015-2023 ($MILLION)

FIGURE 18. FRANCE VIRTUAL POWER PLANT MARKET VALUE, 2015-2023 ($MILLION)

FIGURE 19. DENMARK VIRTUAL POWER PLANT MARKET VALUE, 2015-2023 ($MILLION)

FIGURE 20. FINLAND VIRTUAL POWER PLANT MARKET VALUE, 2015-2023 ($MILLION)

FIGURE 21. REST OF EUROPE VIRTUAL POWER PLANT MARKET VALUE, 2015-2023 ($MILLION)

FIGURE 22. CHINA VIRTUAL POWER PLANT MARKET VALUE, 2015-2023 ($MILLION)

FIGURE 23. JAPAN VIRTUAL POWER PLANT MARKET VALUE, 2015-2023 ($MILLION)

FIGURE 24. SOUTH KOREA VIRTUAL POWER PLANT MARKET VALUE, 2015-2023 ($MILLION)

FIGURE 25. AUSTRALIA VIRTUAL POWER PLANT MARKET VALUE, 2015-2023 ($MILLION)

FIGURE 26. REST OF ASIA-PACIFIC VIRTUAL POWER PLANT MARKET VALUE, 2015-2023 ($MILLION)

 
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