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Global Virtual Power Plant Market 2024-2028

Publisher TechNavio
Published Jan 18, 2024
Length 165 Pages
SKU # INF18475426

Description

Global Virtual Power Plant Market 2024-2028


The virtual power plant market is forecasted to grow by USD 6554.86 mn during 2023-2028, accelerating at a CAGR of 25.75% during the forecast period. The report on the virtual power plant market provides a holistic analysis, market size and forecast, trends, growth drivers, challenges, and vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by an increase in the integration of renewable energy sources, enhancing grid flexibility by aggregating and controlling distributed energy resources (DERs), and a growing shift toward distributed generation.

Technavio's virtual power plant market is segmented as below:
  • By Technology
  • Demand response
  • Distributed generation
  • Mixed asset
  • By End-user
  • Industrial
  • Commercial
  • Residential
  • By Geography
  • North America
  • Europe
  • APAC
  • South America
  • Middle East and Africa
This study identifies the increased use of artificial intelligence (AI), machine learning, and advanced data analytics as one of the prime reasons driving the virtual power plant market growth during the next few years. Also, a rise in the integration of EVS as flexible assets and an increase in participation and investments in energy markets will lead to sizable demand in the market.

The report on the virtual power plant market covers the following areas:
  • Virtual power plant market sizing
  • Virtual power plant market forecast
  • Virtual power plant market industry analysis
The robust vendor analysis is designed to help clients improve their market position. In line with this, this report provides a detailed analysis of several leading virtual power plant market vendors that include ABB Ltd., Alarm.com Holdings Inc., Duke Energy Corp., ENGIE SA, Generac Holdings Inc., HubSpot Inc., Kyocera Corp., Orsted AS, RWE AG, Schneider Electric SE, Siemens AG, SolarHub, Sunrun Inc., Sunverge Energy Inc., and Tesla Inc.. Also, the virtual power plant market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape and an analysis of the key vendors.

The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Table of Contents

165 Pages
    • Market overview
    • Market ecosystem
    • Market definition
    • Market segment analysis
    • Market size 2023
    • Market outlook: Forecast for 2023-2028
    • Global virtual power plant market 2018 - 2022
    • Technology Segment Analysis 2018 - 2022
    • End-user Segment Analysis 2018 - 2022
    • Geography Segment Analysis 2018 - 2022
    • Country Segment Analysis 2018 - 2022
    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition
    • Market segments
    • Comparison by Technology
    • Demand response - Market size and forecast 2023-2028
    • Distributed generation - Market size and forecast 2023- 2028
    • Mixed asset - Market size and forecast 2023-2028
    • Market opportunity by Technology
    • Market segments
    • Comparison by End-user
    • Industrial - Market size and forecast 2023-2028
    • Commercial - Market size and forecast 2023-2028
    • Residential - Market size and forecast 2023-2028
    • Market opportunity by End-user
    • Customer landscape overview
    • Geographic segmentation
    • Geographic comparison
    • North America - Market size and forecast 2023-2028
    • Europe - Market size and forecast 2023-2028
    • APAC - Market size and forecast 2023-2028
    • South America - Market size and forecast 2023-2028
    • Middle East and Africa - Market size and forecast 2023- 2028
    • US - Market size and forecast 2023-2028
    • Germany - Market size and forecast 2023-2028
    • China - Market size and forecast 2023-2028
    • UK - Market size and forecast 2023-2028
    • India - Market size and forecast 2023-2028
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Impact of drivers and challenges
    • Market trends
    • Overview
    • Vendor landscape
    • Landscape disruption
    • Industry risks
    • Vendors covered
    • Market positioning of vendors
    • ABB Ltd.
    • Alarm.com Holdings Inc.
    • Duke Energy Corp.
    • ENGIE SA
    • Generac Holdings Inc.
    • HubSpot Inc.
    • Kyocera Corp.
    • Orsted AS
    • RWE AG
    • Schneider Electric SE
    • Siemens AG
    • SolarHub
    • Sunrun Inc.
    • Sunverge Energy Inc.
    • Tesla Inc.
    • Scope of the report
    • Inclusions and exclusions checklist
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

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