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Global Virtual Power Plant Market Insights, Opportunity Analysis, Market Shares and Forecast, 2017 - 2023

Global Virtual Power Plant Market Insights, Opportunity Analysis, Market Shares and Forecast, 2017 - 2023

Global virtual power plant market is expected to grow with a CAGR of around 30% during the forecast period 2016-2023. Decreasing cost of solar energy generation is contributing towards the growth of the market. According to Solar Energy Industry Association, cost of solar energy installation is decreased by 60% in past 10 years (2008-2017). Factor attributing towards decrease in prices is increasing solar PV installation. In 2017 till date, in the U.S., total solar PV installation is around 13 GW that is expected to rise to 100 GW solar PV installation by the end of 2021 in the U.S. Reducing prices of solar power is increasing the demand for solar power across the globe. The increasing demand for solar power has resulted into increase in installation of new solar power plant. Thus, the adoption of virtual power plant is expected to gradually rise in solar power generation. Hence, reducing solar energy installation cost is driving the growth in global virtual power plant market. In addition to driving factor there are factors such as adverse health effects due to radio frequency exposure is restricting the growth of the global virtual power plant market.

North America held the highest revenue share in 2016 in global virtual power plant market. Growth in North American virtual power plant market is mainly driven by rising adoption of solar energy by U.S. corporations such as Apple Inc., Walmart, Target, etc. The rising concern to generate solar energy is one of the key factor that is boosting the adoption of virtual power plant. According to Solar Energy Industry Association, in October 2016, In U.S. top 25 companies has installed about 1,100 MW solar capacity in 2000 different facilities across the region. around 1,100 MW of solar capacity installed by top 25 companies of U.S. on around 2,000 different facilities with in the U.S. Hence, increasing solar energy installation in North American countries (U.S. & Canada) is boosting growth in North America virtual power plant market. furthermore. It is expected that Canadaian virtual power plant market is expected to grow with the highest CAGR during forecast period. The growth of Canadian market is mainly driven by the rising concern for renewable energy generation due to cost effectiveness of renewable energy.

Global virtual power plant market is filled with number of players. Key players who are actively working for the development of new technology are IBM Corporation (U.S.), Virtidity Energy (U.S.) ABB (Switzerland), Hitachi (Japan), Schneider Electric (France), Siemens (Germany), etc. all such players are adopting various strategic initiative such as product development, investment, research and development, expansion, etc. to sustain in the dynamic market.

Global virtual power plant market is segmented on the basis of end user and technology. End user segment of virtual power plant includes commercial & industrial and residential. Moreover, demand response, distribution generation and mixed assets are included in technology segment. Demand response technology segment holds highest revenue share in 2016. Increasing concern for peak load management is one of the key factor that is increasing revenue share of demand response technology.

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1. INTRODUCTION
1.1. EXECUTIVE SUMMARY
1.2. ESTIMATION METHODOLOGY
2. MARKET OVERVIEW
2.1. GLOBAL VIRTUAL POWER PLANT MARKET: EVOLUTION & TRANSITION
2.2. MARKET DEFINITION & SCOPE
2.3. INDUSTRY STRUCTURE
2.4. REGULATORY FRAMEWORK
2.5. TOTAL MARKET ANALYSIS
2.5.1. TOP 5 FINDINGS
2.5.2. TOP 5 OPPORTUNITY MARKETS
2.5.3. TOP 5 COMPANIES
2.5.4. TOP 3 COMPETITIVE STRATEGIES
2.6. ESTIMATION ANALYSIS
2.7. STRATEGIC ANALYSIS
2.7.1. INVESTMENT VS. ADOPTION MODEL
2.7.2. 360 DEGREE INDUSTRY ANALYSIS
2.7.3. PORTERS 5 FORCE MODEL
2.7.4. SEE-SAW ANALYSIS
2.7.5. CONSUMER ANALYSIS AND KEY BUYING CRITERIA
2.8. COMPETITIVE ANALYSIS
2.8.1. KEY STRATEGIES & ANALYSIS
2.8.2. MARKET SHARE ANALYSIS & TOP COMPANY ANALYSIS
2.9. STRATEGIC RECOMMENDATIONS & KEY CONCLUSIONS
2.9.1. INVESTMENT OPPORTUNITIES BY REGIONS
2.9.2. OPPORTUNITIES IN EMERGING APPLICATIONS
2.9.3. INVESTMENT OPPORTUNITY IN FASTEST GROWING SEGMENT
3. MARKET DETERMINANTS
3.1. MARKET DRIVERS
3.1.1. REDUCING SOLAR ENERGY GENERATION COST
3.1.2. RAPID SHIFT TO DISTRIBUTED GENERATION FROM CENTRALIZED GENERATION
3.1.3. RISING RENEWABLE ENERGY GENERATION AS COMPARED TO CONVENTIONAL ENERGY GENERATION
3.1.4. RISING DEMAND FOR CLOUD BASED ENERGY MANAGEMENT SYSTEM
3.2. MARKET RESTRAINTS
3.2.1. ADVERSE HEALTH EFFECT DUE TO RADIO FREQUENCY EXPOSURE
3.2.2. HIGH CAPITAL COST REQUIRED FOR SOFTWARE AND CONTROL SYSTEMS
3.3. MARKET OPPORTUNITIES
3.3.1. INCREASING RENEWABLE ENERGY DEVELOPMENT IN EMERGING COUNTRIES
3.3.2. INCREASING DEVELOPMENT OF SMART GRIDS
3.3.3. RISING DEMAND FOR ELECTRIC VEHICLES
3.4. MARKET CHALLENGES
3.4.1. SECURITY AND PRIVACY CONCERNS
3.4.2. LACK OF SKILLED PROFESSIONALS
4. MARKET SEGMENTATION
4.1. GLOBAL VIRTUAL POWER PLANT MARKET BY END USER
4.1.1. MARKET DEFINITION AND SCOPE
4.1.2. DECISION SUPPORT
4.1.3. DATABASE & ESTIMATION METHODOLOGY
4.1.4. COMPARATIVE ANALYSIS ACROSS MARKET SEGMENTS
4.1.5. OPPORTUNITY MATRIX
4.1.6. MARKET SEGMENTATION
4.1.6.1. GLOBAL COMMERCIAL & INDUSTRIAL MARKET
4.1.6.1.1. APPLICATION
4.1.6.1.2. ADOPTION SCENARIO & MARKET DETERMINANTS
4.1.6.1.3. MARKET ESTIMATIONS AND FORECASTS 2014-2023 ($ MILLION)
4.1.6.1.4. TOP PLAYERS & KEY PRODUCTS
4.1.6.1.5. KEY CONCLUSIONS
4.1.6.2. GLOBAL RESIDENTIAL MARKET
4.1.6.2.1. APPLICATION
4.1.6.2.2. ADOPTION SCENARIO & MARKET DETERMINANTS
4.1.6.2.3. MARKET ESTIMATIONS AND FORECASTS 2014-2023 ($ MILLION)
4.1.6.2.4. TOP PLAYERS & KEY PRODUCTS
4.1.6.2.5. KEY CONCLUSIONS
4.2. GLOBAL VIRTUAL POWER PLANT MARKET BY TECHNOLOGY
4.2.1. MARKET DEFINITION AND SCOPE
4.2.2. DECISION SUPPORT DATABASE & ESTIMATION METHODOLOGY
4.2.3. COMPARATIVE ANALYSIS ACROSS MARKET SEGMENTS
4.2.4. OPPORTUNITY MATRIX
4.2.5. MARKET SEGMENTATION
4.2.5.1. GLOBAL DEMAND RESPONSE MARKET
4.2.5.1.1. APPLICATION
4.2.5.1.2. ADOPTION SCENARIO & MARKET DETERMINANTS
4.2.5.1.3. MARKET ESTIMATIONS AND FORECASTS 2014-2023 ($ MILLION)
4.2.5.1.4. TOP PLAYERS & KEY PRODUCTS
4.2.5.1.5. KEY CONCLUSIONS
4.2.5.2. GLOBAL DISTRIBUTION GENERATION MARKET
4.2.5.2.1. APPLICATION
4.2.5.2.2. ADOPTION SCENARIO & MARKET DETERMINANTS
4.2.5.2.3. MARKET ESTIMATIONS AND FORECASTS 2014-2023 ($ MILLION)
4.2.5.2.4. TOP PLAYERS & KEY PRODUCTS
4.2.5.2.5. KEY CONCLUSIONS
4.2.5.3. GLOBAL MIXED ASSETS MARKET
4.2.5.3.1. APPLICATION
4.2.5.3.2. ADOPTION SCENARIO & MARKET DETERMINANTS
4.2.5.3.3. MARKET ESTIMATIONS AND FORECASTS 2014-2023 ($ MILLION)
4.2.5.3.4. TOP PLAYERS & KEY PRODUCTS
4.2.5.3.5. KEY CONCLUSIONS
5. COMPETITIVE LANDSCAPE
5.1. KEY STRATEGIES
5.1.1. LIST OF MERGERS & ACQUISITION
5.1.2. LIST OF JOINT VENTURES
5.1.3. LIST OF PRODUCT LAUNCHES
5.1.4. LIST OF PARTNERSHIPS
6. GEOGRAPHICAL ANALYSIS
6.1. DECISION SUPPORT DATABASE & ESTIMATION METHODOLOGY
6.2. COMPARATIVE ANALYSIS ACROSS MARKET SEGMENTS
6.3. OPPORTUNITY MATRIX
6.4. GLOBAL VIRTUAL POWER PLANT MARKET BY REGION 2014-2023 ($ MILLION)
6.4.1. NORTH AMERICA
6.4.1.1. INDUSTRIAL END-USER ANALYSIS 2014-2023 ($ MILLION)
6.4.1.2. TOP COUNTRY ANALYSIS
6.4.1.2.1. U.S.
6.4.1.2.1.1. MARKET ESTIMATIONS AND FORECASTS 2014-2023 ($ MILLION)
6.4.1.2.1.2. TOP PLAYERS & KEY PRODUCTS
6.4.1.2.1.3. KEY CONCLUSIONS
6.4.1.2.2. CANADA
6.4.1.2.2.1. MARKET ESTIMATIONS AND FORECASTS 2014-2023 ($ MILLION)
6.4.1.2.2.2. TOP PLAYERS & KEY PRODUCTS
6.4.1.2.2.3. KEY CONCLUSIONS
6.4.2. EUROPE
6.4.2.1. INDUSTRY END-USER ANALYSIS 2014-2023 ($ MILLION)
6.4.2.2. TOP COUNTRY ANALYSIS
6.4.2.2.1. UK
6.4.2.2.1.1. MARKET ESTIMATIONS AND FORECASTS 2014-2023 ($ MILLION)
6.4.2.2.1.2. TOP PLAYERS & KEY PRODUCTS
6.4.2.2.1.3. KEY CONCLUSIONS
6.4.2.2.2. FRANCE
6.4.2.2.2.1. MARKET ESTIMATIONS AND FORECASTS 2014-2023 ($ MILLION)
6.4.2.2.2.2. TOP PLAYERS & KEY PRODUCTS
6.4.2.2.2.3. KEY CONCLUSIONS
6.4.2.2.3. GERMANY
6.4.2.2.3.1. MARKET ESTIMATIONS AND FORECASTS 2014-2023 ($ MILLION)
6.4.2.2.3.2. TOP PLAYERS & KEY PRODUCTS
6.4.2.2.3.3. KEY CONCLUSIONS
6.4.2.2.4. SPAIN
6.4.2.2.4.1. MARKET ESTIMATIONS AND FORECASTS 2014-2023 ($ MILLION)
6.4.2.2.4.2. TOP PLAYERS & KEY PRODUCTS
6.4.2.2.4.3. KEY CONCLUSIONS
6.4.2.2.5. REST OF EUROPE
6.4.2.2.5.1. MARKET ESTIMATIONS AND FORECASTS 2014-2023 ($ MILLION)
6.4.2.2.5.2. TOP PLAYERS & KEY PRODUCTS
6.4.2.2.5.3. KEY CONCLUSIONS
6.4.3. ASIA PACIFIC
6.4.3.1. INDUSTRY END-USER ANALYSIS 2014-2023 ($ MILLION)
6.4.3.2. TOP COUNTRY ANALYSIS
6.4.3.2.1. CHINA
6.4.3.2.1.1. MARKET ESTIMATIONS AND FORECASTS 2014-2023 ($ MILLION)
6.4.3.2.1.2. TOP PLAYERS & KEY PRODUCTS
6.4.3.2.1.3. KEY CONCLUSIONS
6.4.3.2.2. INDIA
6.4.3.2.2.1. MARKET ESTIMATIONS AND FORECASTS 2014-2023 ($ MILLION)
6.4.3.2.2.2. TOP PLAYERS & KEY PRODUCTS
6.4.3.2.2.3. KEY CONCLUSIONS
6.4.3.2.3. JAPAN
6.4.3.2.3.1. MARKET ESTIMATIONS AND FORECASTS 2014-2023 ($ MILLION)
6.4.3.2.3.2. TOP PLAYERS & KEY PRODUCTS
6.4.3.2.3.3. KEY CONCLUSIONS
6.4.3.2.4. AUSTRALIA
6.4.3.2.4.1. MARKET ESTIMATIONS AND FORECASTS 2014-2023 ($ MILLION)
6.4.3.2.4.2. TOP PLAYERS & KEY PRODUCTS
6.4.3.2.4.3. KEY CONCLUSIONS
6.4.3.2.5. REST OF ASIA PACIFIC
6.4.3.2.5.1. MARKET ESTIMATIONS AND FORECASTS 2014-2023 ($ MILLION)
6.4.3.2.5.2. TOP PLAYERS & KEY PRODUCTS
6.4.3.2.5.3. KEY CONCLUSIONS
6.4.4. ROW
6.4.4.1. INDUSTRY END-USER ANALYSIS 2014-2023 ($ MILLION)
6.4.4.2. TOP COUNTRY ANALYSIS
6.4.4.2.1. LATIN AMERICA
6.4.4.2.1.1. MARKET ESTIMATIONS AND FORECASTS 2014-2023 ($ MILLION)
6.4.4.2.1.2. TOP PLAYERS & KEY PRODUCTS
6.4.4.2.1.3. KEY CONCLUSIONS
6.4.4.2.2. MIDDLE EAST & AFRICA
6.4.4.2.2.1. MARKET ESTIMATIONS AND FORECASTS 2014-2023 ($ MILLION)
6.4.4.2.2.2. TOP PLAYERS & KEY PRODUCTS
6.4.4.2.2.3. KEY CONCLUSIONS
7. COMPANY PROFILES
7.1. ABB
7.1.1. OVERVIEW
7.1.2. PRODUCT PORTFOLIO
7.1.3. KEY INNOVATION SECTOR
7.1.4. STRATEGIC INITIATIVES
7.1.5. SCOT ANALYSIS
7.1.6. STRATEGIC ANALYSIS
7.2. AUTOGRID SYSTEMS, INC.
7.2.1. OVERVIEW
7.2.2. PRODUCT PORTFOLIO
7.2.3. KEY INNOVATION SECTOR
7.2.4. STRATEGIC INITIATIVES
7.2.5. SCOT ANALYSIS
7.2.6. STRATEGIC ANALYSIS
7.3. BLUE PILLAR
7.3.1. OVERVIEW
7.3.2. PRODUCT PORTFOLIO
7.3.3. KEY INNOVATION SECTOR
7.3.4. STRATEGIC INITIATIVES
7.3.5. SCOT ANALYSIS
7.3.6. STRATEGIC ANALYSIS
7.4. CISCO SYSTEMS, INC.
7.4.1. OVERVIEW
7.4.2. PRODUCT PORTFOLIO
7.4.3. KEY INNOVATION SECTOR
7.4.4. STRATEGIC INITIATIVES
7.4.5. SCOT ANALYSIS
7.4.6. STRATEGIC ANALYSIS
7.5. ENERNOC
7.5.1. OVERVIEW
7.5.2. PRODUCT PORTFOLIO
7.5.3. KEY INNOVATION SECTOR
7.5.4. STRATEGIC INITIATIVES
7.5.5. SCOT ANALYSIS
7.5.6. STRATEGIC ANALYSIS
7.6. FLEXITRICITY
7.6.1. OVERVIEW
7.6.2. PRODUCT PORTFOLIO
7.6.3. KEY INNOVATION SECTOR
7.6.4. STRATEGIC INITIATIVES
7.6.5. SCOT ANALYSIS
7.6.6. STRATEGIC ANALYSIS
7.7. GENERAL ELECTRIC
7.7.1. OVERVIEW
7.7.2. PRODUCT PORTFOLIO
7.7.3. KEY INNOVATION SECTOR
7.7.4. STRATEGIC INITIATIVES
7.7.5. SCOT ANALYSIS
7.7.6. STRATEGIC ANALYSIS
7.8. HITACHI
7.8.1. OVERVIEW
7.8.2. PRODUCT PORTFOLIO
7.8.3. KEY INNOVATION SECTOR
7.8.4. STRATEGIC INITIATIVES
7.8.5. SCOT ANALYSIS
7.8.6. STRATEGIC ANALYSIS
7.9. IBM CORPORATION
7.9.1. OVERVIEW
7.9.2. PRODUCT PORTFOLIO
7.9.3. KEY INNOVATION SECTOR
7.9.4. STRATEGIC INITIATIVES
7.9.5. SCOT ANALYSIS
7.9.6. STRATEGIC ANALYSIS
7.10. OPEN ACCESS TECHNOLOGY INTERNATIONAL, INC. (OATI)
7.10.1. OVERVIEW
7.10.2. PRODUCT PORTFOLIO
7.10.3. KEY INNOVATION SECTOR
7.10.4. STRATEGIC INITIATIVES
7.10.5. SCOT ANALYSIS
7.10.6. STRATEGIC ANALYSIS
7.11. POWER ANALYTICS
7.11.1. OVERVIEW
7.11.2. PRODUCT PORTFOLIO
7.11.3. KEY INNOVATION SECTOR
7.11.4. STRATEGIC INITIATIVES
7.11.5. SCOT ANALYSIS
7.11.6. STRATEGIC ANALYSIS
7.12. ROBERT BOSCH
7.12.1. OVERVIEW
7.12.2. PRODUCT PORTFOLIO
7.12.3. KEY INNOVATION SECTOR
7.12.4. STRATEGIC INITIATIVES
7.12.5. SCOT ANALYSIS
7.12.6. STRATEGIC ANALYSIS
7.13. SCHNEIDER ELECTRIC
7.13.1. OVERVIEW
7.13.2. PRODUCT PORTFOLIO
7.13.3. KEY INNOVATION SECTOR
7.13.4. STRATEGIC INITIATIVES
7.13.5. SCOT ANALYSIS
7.13.6. STRATEGIC ANALYSIS
7.14. SIEMENS
7.14.1. OVERVIEW
7.14.2. PRODUCT PORTFOLIO
7.14.3. KEY INNOVATION SECTOR
7.14.4. STRATEGIC INITIATIVES
7.14.5. SCOT ANALYSIS
7.14.6. STRATEGIC ANALYSIS
7.15. VIRIDITY ENERGY
7.15.1. OVERVIEW
7.15.2. PRODUCT PORTFOLIO
7.15.3. KEY INNOVATION SECTOR
7.15.4. STRATEGIC INITIATIVES
7.15.5. SCOT ANALYSIS
7.15.6. STRATEGIC ANALYSIS
7.16. OTHERS
7.16.1. OVERVIEW
7.16.2. PRODUCT PORTFOLIO
7.16.3. KEY INNOVATION SECTOR
7.16.4. STRATEGIC INITIATIVES
7.16.5. SCOT ANALYSIS
7.16.6. STRATEGIC ANALYSIS
LIST OF TABLES
GLOBAL VIRTUAL POWER PLANT MARKET BY END USER ($ MILLION)
GLOBAL COMMERCIAL & INDUSTRIAL MARKET BY GEOGRAPHY ($ MILLION)
GLOBAL RESIDENTIAL MARKET BY GEOGRAPHY ($ MILLION)
GLOBAL VIRTUAL POWER PLANT MARKET BY TECHNOLOGY ($ MILLION)
GLOBAL DEMAND RESPONSE MARKET BY GEOGRAPHY ($ MILLION)
GLOBAL DISTRIBUTION GENERATION MARKET BY GEOGRAPHY ($ MILLION)
GLOBAL MIXED ASSETS MARKET BY GEOGRAPHY ($ MILLION)
NORTH AMERICA VIRTUAL POWER PLANT MARKET ($ MILLION)
EUROPE VIRTUAL POWER PLANT MARKET ($ MILLION)
ASIA PACIFIC VIRTUAL POWER PLANT MARKET ($ MILLION)
REST OF THE WORLD VIRTUAL POWER PLANT MARKET ($ MILLION)
LIST OF FIGURES
GLOBAL COMMERCIAL & INDUSTRIAL MARKET ($ MILLION)
GLOBAL RESIDENTIAL MARKET ($ MILLION)
GLOBAL DEMAND RESPONSE MARKET ($ MILLION)
GLOBAL DISTRIBUTION GENERATION MARKET ($ MILLION)
GLOBAL MIXED ASSETS MARKET ($ MILLION)
UNITED STATES (U.S.) VIRTUAL POWER PLANT MARKET ($ MILLION)
CANADA VIRTUAL POWER PLANT MARKET ($ MILLION)
UNITED KINGDOM (UK) VIRTUAL POWER PLANT MARKET ($ MILLION)
FRANCE VIRTUAL POWER PLANT MARKET ($ MILLION)
GERMANY VIRTUAL POWER PLANT MARKET ($ MILLION)
SPAIN VIRTUAL POWER PLANT MARKET ($ MILLION)
ROE VIRTUAL POWER PLANT MARKET ($ MILLION)
INDIA VIRTUAL POWER PLANT MARKET ($ MILLION)
CHINA VIRTUAL POWER PLANT MARKET ($ MILLION)
JAPAN VIRTUAL POWER PLANT MARKET ($ MILLION)
AUSTRALIA VIRTUAL POWER PLANT MARKET ($ MILLION)
ROAPAC VIRTUAL POWER PLANT MARKET ($ MILLION)
LATIN AMERICA VIRTUAL POWER PLANT MARKET ($ MILLION)
MENA VIRTUAL POWER PLANT MARKET 2014-2023 ($ MILLION)

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