Asia Pacific Virtual Power Plant Market Forecast 2019-2028

Asia Pacific Virtual Power Plant Market Forecast 2019-2028

The Asia Pacific virtual power plant market is anticipated to grow with a CAGR of 25.54%, during the forecast years of 2019 to 2028. The key market propellers include increased government initiatives to reduce greenhouse gas emissions, technical advancements, and rising awareness regarding the value proposition of adopting virtual power plants.

The Asia Pacific virtual power plant market growth is evaluated by studying Japan, Australia, China, South Korea, and the rest of the Asia Pacific. Over the forecast period, South Korea is projected to be among the most prospective markets for virtual power plants. The country's market is expected to observe strong growth due to the swift market penetration of control technologies and automation, particularly in digital energy monitoring applications. South Korea is also endeavoring to satisfy its long-term energy demand, and minimize greenhouse gases by utilizing limited amounts of carbon-intensive fuel. Moreover, this measure would improve energy-efficiency, considerably.
South Korea has also introduced numerous initiatives and technical advancements for setting up virtual power plants in the country. For Instance, Busan City Bas collaborated with Shihwa SNC, to develop a virtual power plant pilot project in April 2019. With a duration of 30 months, this project would be operational in South Korea and Malaysia.
In 2018, South Korea's renewable energy share accounted for 8% of the total power generated. Likewise, the government also issued policy measures to hike the percentage stake of renewable energy, within the energy mix to 20%, by the end of the next decade. Thus, these factors are expected to drive the region's market growth for virtual power plants.

Some of the distinguished players operating in the market are, Hitachi Ltd, Autogrid Systems Inc, Viridity Energy, Tesla, IBM Corporation, Open Access Technology International Inc, etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

1. Research Scope & Methodology
1.1. Study Objectives
1.2. Scope Of Study
1.3. Methodology
1.4. Assumptions & Limitations
2. Executive Summary
2.1. Market Size & Estimates
2.2. Market Overview
3. Market Dynamics
3.1. Market Definition
3.2. Key Drivers
3.2.1. Increasing Trends In Adoption Of Decentralized Power Generation
3.2.2. Growth In Renewable Energy Generation
3.2.3. Rising Demand For Cloud Based Energy Management System
3.2.4. Government Initiatives
3.3. Key Restraints
3.3.1. Initial Investment Is High For The Market
3.3.2. Privacy Concerns
4. Key Analytics
4.1. Key Investment Insights
4.2. Porter’s Five Force Analysis
4.2.1. Buyer Power
4.2.2. Supplier Power
4.2.3. Substitution
4.2.4. New Entrants
4.2.5. Industry Rivalry
4.3. Opportunity Matrix
4.4. Vendor Landscape
4.5. Value Chain Analysis
4.5.1. Power Producers
4.5.2. Virtual Power Plant
4.5.3. Directed Energy Operators (Dsos)
4.5.4. End-users
4.6. Key Buying Criteria
4.6.1. Technology
4.6.2. Scalability
4.6.3. Price
4.6.4. Feasibility
4.7. Regulatory Framework
4.8. Impact Of Covid 19 Pandemic On Virtual Power Plant Market
5. Market By Technology
5.1. Demand Response
5.2. Distributed Generation
5.3. Mixed Assets
6. Market Source
6.1. Distributed Energy Generation System
6.2. Energy Storage System
7. Market By End-user
7.1. Industrial
7.2. Commercial
7.3. Residential
8. Geographical Analysis
8.1. Asia Pacific
8.1.1. Japan
8.1.2. Australia
8.1.3. China
8.1.4. South Korea
8.1.5. Rest Of Asia Pacific
9. Company Profiles
9.1. Abb
9.2. Autogrid Systems Inc
9.3. Statkraft
9.4. Next Kraftwerke
9.5. Enel X
9.6. General Electric
9.7. Hitachi Ltd
9.8. Flexitricity Limited
9.9. Ibm Corporation
9.10. Open Access Technology International Inc
9.11. Robert Bosch
9.12. Schneider Electric
9.13. Siemens
9.14. Viridity Energy
9.15. Enbala
9.16. Tesla

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