Virtual Power Plant Market 2019 Global Analysis, Size, Growth, Merger, Share, Trends, Competitive Analysis, Revenue, Key Players, Regional And Industry Forecast To 2023

Virtual Power Plant Market 2019 Global Analysis, Size, Growth, Merger, Share, Trends, Competitive Analysis, Revenue, Key Players, Regional And Industry Forecast To 2023

“””Virtual Power Plant Market”””
Virtual Power Plant Market to Rise At 22% CAGR and reach remarkable value by 2023, according “Global Virtual Power Plant Market Analysis Report 2019” published by Market Research Future. Global Virtual Power Plant Industry Report analyzes Market for Virtual Power Plant by Technology (Distribution Generation, Demand Response, and Mixed Asset), End-User (Commercial, Industrial and Residential), region with Forecast to 2023.

The key players of global Virtual Power Plant market are ABB Ltd. (Switzerland), Autogrid Systems, Inc. (U.S.), Blue Pillar, Inc. (U.S.), Cisco Systems, Inc. (U.S.), Comverge (U.S.), Cpower Energy Management (U.S.), Enbala Power Networks, Inc. (Canada), Enernoc, Inc. (U.S.), Flexitricity Limited (U.K.), General Electric Company (U.S.), Hitachi, Ltd. (Japan), International Business Machines Corporation (U.S.), Robert Bosch GmbH (Germany), Schneider Electric SE (France), and Siemens AG (Germany).

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Global Market Overview:

The most recent virtual power plant concept has various definitions that agree upon the fact that the virtual power plant is an aggregation of distributed generation units of different technologies. This is required operate as a single power plant and can control the aggregated units and to manage the electrical energy flow between these units to obtain better operation of the system.

Virtual power plants consist of three main components, distributed energy resources, energy storage systems and information and communication technologies. Distributed energy can be either distributed generators or controllable loads connected to the network. Energy storage systems and its elements play a vital role in bridging the gap between the generation and demand, specifically in the presence of high diffusion of stochastic generation. The energy management system (EMS) signifies the soul of the information and communication system. It accomplishes the process of other virtual power plant components through communication technologies in bidirectional ways.

The global rise in the demand for renewable energy in the power generation sector is creating a lucrative market for virtual power plant. The dynamic changes in the power grids from centralized to distributed, also the reduced cost of the electricity and easy access to store energy in energy storage devices such as batteries is propelling the global virtual power plant market. However, the growing health concerns over the human exposure to high frequency of electromagnetic and radio waves is restraining the potential of market growth at different end-user level. Contrarily, the emerging shift toward electric automobiles and promotion of smart offices and buildings with smart grids, is expected to create an immense opportunity in the global virtual power plant market.

Segmentation:

Global Virtual Power Plant market has been segmented based on technology, end-user, and region. Demand response segment by technology currently holds the largest share and is expected to hold its dominance in the virtual power plant market during the forecast period. Demand response is highly lucrative for investment due to everlasting benefits for end-users and improving the energy efficiency of the grid. Hence, demand response is expected to show high growth rate.

However, the industrial, by end-user held the largest market share in 2016 and is expected to hold the largest share over the forecast period. Industrial end-users are among the highest adopters of the virtual power plant setups and services and thus provide great contribution to the market expansion. The peak load of the electricity is the highest in various industries such as petroleum, paper & pulp, and chemical among others, which has created a productive market for virtual power plant in industrial sector.

Regional Analysis:

The global rise in the demand for non-conventional energy in the power generation sector, changes in dynamics of power grids from centralized to distributed and regulating costs and easy convenience of energy storage drive the development of the virtual power plant market. The phenomenal growth in the construction industry, exclusively in the Asia Pacific region is expected to propel the overall virtual power plant market during the forecast period.

Table of Contents:

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat Of New Entrants

3.1.2 Bargaining Power Of Buyers

3.1.3 Threat Of Substitutes

3.1.4 Segment Rivalry

3.1.5 Bargaining Power Of Buyers

3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

4.5 Market Trends

5 Global Virtual Power Plant Market, By Technology

5.1 Introduction

5.2 Engine Oil

5.2.1 Market Estimates & Forecast, 2017-2023

5.2.2 Market Estimates & Forecast By Region, 2017-2023

5.3 Demand Response

5.3.1 Market Estimates & Forecast, 2017-2023

5.3.2 Market Estimates & Forecast By Region, 2017-2023

5.4 Distribution Generation

5.4.1 Market Estimates & Forecast, 2017-2023

5.4.2 Market Estimates & Forecast By Region, 2017-2023

5.5 Mixed Asset

5.5.1 Market Estimates & Forecast, 2017-2023

5.5.2 Market Estimates & Forecast By Region, 2017-2023

6 Global Virtual Power Plant Market, By End-User

6.1 Introduction

6.2 Commercial

6.2.1 Market Estimates & Forecast, 2017-2023

6.2.2 Market Estimates & Forecast By Region, 2017-2023

6.3 Industrial

6.3.1 Market Estimates & Forecast, 2017-2023

6.3.2 Market Estimates & Forecast By Region, 2017-2023

6.4 Residential

6.4.1 Market Estimates & Forecast, 2017-2023

6.4.2 Market Estimates & Forecast By Region, 2017-2023

7 Global Virtual Power Plant Market, By Region

7.1 Introduction

7.2 North America

7.2.1 Market Estimates & Forecast, 2017-2023

7.2.2 Market Estimates & Forecast by Technology, 2017-2023

7.2.3 Market Estimates & Forecast By End-User, 2017-2023

7.2.5 The U.S

Continued…

List of Tables:

Table 1 Global Virtual Power Plant Market: By Region, 2017-2023

Table 2 North America Virtual Power Plant Market: By Country, 2017-2023

Table 3 Europe Virtual Power Plant Market: By Country, 2017-2023

Table 4 Asia Pacific Virtual Power Plant Market: By Country, 2017-2023

Table 5 RoW Virtual Power Plant Market: By Country, 2017-2023

Continued…

List of Figures:

FIGURE 1 RESEARCH PROCESS OF MRFR

FIGURE 2 TOP DOWN & BOTTOM UP APPROACH

FIGURE 3 Market Dynamics

FIGURE 4 Impact Analysis: Market Drivers

FIGURE 5 Impact Analysis: Market Restraints

FIGURE 6 Porter’s Five Forces Analysis

FIGURE 7 Value Chain Analysis

Continued…

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