Virtual Power Plants

World Market Report

MCP15512

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DATE

OCT 2022

TABLES

62

PAGES

245

EDITION

8

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USD 4950

CODE

MCP15512


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Global Virtual Power Plants Market to Reach $1.9 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Virtual Power Plants estimated at US$413.5 Million in the year 2020, is projected to reach a revised size of US$1.9 Billion by 2027, growing at a CAGR of 24% over the analysis period 2020-2027. Demand Response, one of the segments analyzed in the report, is projected to record a 23.8% CAGR and reach US$1.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Distributed Generation segment is readjusted to a revised 22.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $240.7 Million, While China is Forecast to Grow at 30.6% CAGR
The Virtual Power Plants market in the U.S. is estimated at US$240.7 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$101.3 Million by the year 2027 trailing a CAGR of 30.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 19.1% and 23.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 23.9% CAGR.Mixed Asset Segment to Record 30.3% CAGR
In the global Mixed Asset segment, USA, Canada, Japan, China and Europe will drive the 30.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$22.6 Million in the year 2020 will reach a projected size of US$142.5 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

SELECT PLAYERS

ABB; Siemens; Schneider Electric; AutoGrid; Next Kraftwerke; AGL Energy; Enel X; General Electric; Blue Pillar, Inc.; Cisco Systems, Inc.; Enbala Power Networks, Inc.; Hitachi, Ltd.; Robert Bosch GmbH; International Business Machines Corporation

SEGMENTS

» Technology (Demand Response, Distributed Generation, Mixed Asset) » End-Use (Industrial & Commercial, Residential)

GEOGRAPHIES

» World » USA » Canada » Japan » China » Europe » France » Germany » Italy » UK » Rest of Europe » Asia-Pacific » Rest of World

TABLE OF CONTENTS

1. MARKET OVERVIEW
Virtual Power Plants – Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
Growing Investments in Energy Infrastructure: The Cornerstone for Growth in the Market
Table: Growing Investments in Energy Infrastructure Provides a Launch Pad for the Rise & Proliferation of VPPs: Estimated Global Power Generation Infrastructure Requirement (in US$ Billion) for China, India, Latin America, and North America over the Period 2010-2030
The Race Between the Virus & Vaccines Intensifies. Amidst this Chaotic Battle, Where is the World Economy Headed in 2021?
These are Times When Questions Abound & Answers Are Few
So How Fast Or Slow Are We Moving?
Table: How Fast the World is Vaccinated Will Determine How Soon the Pandemic Will End: Global Number of Annual COVID-19 Vaccine Doses (In Million) for Years 2020 through 2025 by Geographic Region/Country
India’s Second Wave Makes It Clear That Equity is Not a Part of Global Policy on Tackling COVID
Table: What We Know So Far – “Vaccine Efficiency Against New Strains is Decreasing”
Progress on Vaccinations, Why Should Businesses Care?
With IMF’s Upward Revision of Global GDP Forecasts for 2021, Most Companies Are Bullish About a Global Economic Comeback
Table: A Strong 2021 Economic Rebound Based On Pent-Up Demand Comes as a Relief for Suffering Industries & Markets: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
Table: Easing Unemployment Levels in 2021 Although Moderate Will Infuse Hope for Industries Reliant on Consumer Discretionary Incomes: Global Number of Unemployed People (In Million) for Years 2017, 2019, 2020, and 2022
A Retrospective Review of Year 2020 as the Worst Year in Humanity’s History that Left the World in Shambles & Industries and Markets Upended
How the Energy Industry is Impacted by the Pandemic & What’s the New Normal?
TABLE: Global Energy Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
TABLE: Global Utilities Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
Beyond the Current Challenges, the Pandemic Will Fuel Our Energy Transition
TABLE: Global Clean Technologies Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
Virtual Power Plants (VPPs): Meaning, Importance, Functioning & Benefits
Recent Market Activity
Innovations
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Distributed Energy Generation: A Key Energy Transformation Goal & Foundation for the Rise of the Concept of Virtual Power Plants (VPPs)
Role of Virtual Power Plants (VPP) in a Decentralized Power Grid
Growing Value of Demand Response (DR) Throws the Focus on VPPs as an Effective Tool to Achieve DR Goals
Rise of Smart Cities & Smart Grids Bodes Well for Increased Investments in VPPs
Smart Cities Get a COVID-19 Boost
Table: Focus on Reshaping City Resilience to Future Pandemics & Crisis Will Spur Rejuvenated Spending on Smart City Projects in the Post COVID-19 Period, Providing a Goldmine of Opportunities for VPPs: Global Smart City Spending (In US$ Billion) for the Years 2021, 2024 & 2027
Smart Grid: A Critical Part of Energy Infrastructure in Smart Cities & a Strong Business Case for VPPs
Table: Global Smart Grid Market Opportunity (In US$ Billion) for Years 2021, 2023 & 2024
Growing Digitalization of Energy to Further Spur the Rise of VPPs
COVID-19 Fast-Forwards Digital Revolution Across Industries
Table: Over 60% of Companies in North America, Europe & Asia Expect to Witness Higher Velocity of Change in Digital Transformation During the Years 2020 through 2023: Global Digital Transformation Growth (In %)
Special Focus on Energy Digitalization
Table: Global Opportunities for Digital Technologies in the Energy Industry by Segment (In US$ Billion)
Table: IoT Makes Electricity Generation Efficient, Affordable and Sustainable: Global IoT in Energy Market (In US$ Billion) for the Years 2019, 2021, 2023, 2025 & 2026
Optimal Management of Renewable Energy Sources Throws the Spotlight on VPPs
Table: Rise of Renewables Throws the Spotlight on VPPs: Global Projected Net Capacity Additions of Renewable Energy (In GW) for the Period 2019 to 2024
Table: Growing Share of Renewables Against the Backdrop of the Focus on Decarbonization of Human Civilization to Open New Opportunities for VPPs: World Energy Production (In Billion Kilowatt Hours) by Energy Source for the Years 2020, 2030 and 2040
Concept of Blockchain-Based Decentralized Virtual Power Plants Gains Momentum & Preeminence
Table: Global Market for Blockchain Technology in the Energy Sector (In US$ Billion) for Years 2020, 2022, 2024 & 2026
Rise in Energy Trading to Benefit Market Growth
4. GLOBAL MARKET PERSPECTIVE
World Recent Past, Current & Future Analysis for Virtual Power Plants by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Virtual Power Plants by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2021 & 2027
World Recent Past, Current & Future Analysis for Demand Response by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Demand Response by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
World Recent Past, Current & Future Analysis for Distributed Generation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Distributed Generation by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
World Recent Past, Current & Future Analysis for Mixed Asset by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Mixed Asset by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
World Recent Past, Current & Future Analysis for Industrial & Commercial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Industrial & Commercial by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
World Recent Past, Current & Future Analysis for Residential by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Residential by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
UNITED STATES
Virtual Power Plants Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
USA Recent Past, Current & Future Analysis for Virtual Power Plants by Technology - Demand Response, Distributed Generation and Mixed Asset - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
USA 7-Year Perspective for Virtual Power Plants by Technology - Percentage Breakdown of Value Revenues for Demand Response, Distributed Generation and Mixed Asset for the Years 2021 & 2027
USA Recent Past, Current & Future Analysis for Virtual Power Plants by End-Use - Industrial & Commercial and Residential - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
USA 7-Year Perspective for Virtual Power Plants by End-Use - Percentage Breakdown of Value Revenues for Industrial & Commercial and Residential for the Years 2021 & 2027
CANADA
Canada Recent Past, Current & Future Analysis for Virtual Power Plants by Technology - Demand Response, Distributed Generation and Mixed Asset - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
Canada 7-Year Perspective for Virtual Power Plants by Technology - Percentage Breakdown of Value Revenues for Demand Response, Distributed Generation and Mixed Asset for the Years 2021 & 2027
Canada Recent Past, Current & Future Analysis for Virtual Power Plants by End-Use - Industrial & Commercial and Residential - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
Canada 7-Year Perspective for Virtual Power Plants by End-Use - Percentage Breakdown of Value Revenues for Industrial & Commercial and Residential for the Years 2021 & 2027
JAPAN
Virtual Power Plants Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
Japan Recent Past, Current & Future Analysis for Virtual Power Plants by Technology - Demand Response, Distributed Generation and Mixed Asset - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
Japan 7-Year Perspective for Virtual Power Plants by Technology - Percentage Breakdown of Value Revenues for Demand Response, Distributed Generation and Mixed Asset for the Years 2021 & 2027
Japan Recent Past, Current & Future Analysis for Virtual Power Plants by End-Use - Industrial & Commercial and Residential - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
Japan 7-Year Perspective for Virtual Power Plants by End-Use - Percentage Breakdown of Value Revenues for Industrial & Commercial and Residential for the Years 2021 & 2027
CHINA
Virtual Power Plants Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
China Recent Past, Current & Future Analysis for Virtual Power Plants by Technology - Demand Response, Distributed Generation and Mixed Asset - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
China 7-Year Perspective for Virtual Power Plants by Technology - Percentage Breakdown of Value Revenues for Demand Response, Distributed Generation and Mixed Asset for the Years 2021 & 2027
China Recent Past, Current & Future Analysis for Virtual Power Plants by End-Use - Industrial & Commercial and Residential - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
China 7-Year Perspective for Virtual Power Plants by End-Use - Percentage Breakdown of Value Revenues for Industrial & Commercial and Residential for the Years 2021 & 2027
EUROPE
Virtual Power Plants Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
Europe Recent Past, Current & Future Analysis for Virtual Power Plants by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
Europe 7-Year Perspective for Virtual Power Plants by Geographic Region - Percentage Breakdown of Value Revenues for France, Germany, Italy, UK and Rest of Europe Markets for Years 2021 & 2027
Europe Recent Past, Current & Future Analysis for Virtual Power Plants by Technology - Demand Response, Distributed Generation and Mixed Asset - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
Europe 7-Year Perspective for Virtual Power Plants by Technology - Percentage Breakdown of Value Revenues for Demand Response, Distributed Generation and Mixed Asset for the Years 2021 & 2027
Europe Recent Past, Current & Future Analysis for Virtual Power Plants by End-Use - Industrial & Commercial and Residential - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
Europe 7-Year Perspective for Virtual Power Plants by End-Use - Percentage Breakdown of Value Revenues for Industrial & Commercial and Residential for the Years 2021 & 2027
FRANCE
Virtual Power Plants Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
France Recent Past, Current & Future Analysis for Virtual Power Plants by Technology - Demand Response, Distributed Generation and Mixed Asset - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
France 7-Year Perspective for Virtual Power Plants by Technology - Percentage Breakdown of Value Revenues for Demand Response, Distributed Generation and Mixed Asset for the Years 2021 & 2027
France Recent Past, Current & Future Analysis for Virtual Power Plants by End-Use - Industrial & Commercial and Residential - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
France 7-Year Perspective for Virtual Power Plants by End-Use - Percentage Breakdown of Value Revenues for Industrial & Commercial and Residential for the Years 2021 & 2027
GERMANY
Virtual Power Plants Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
Germany Recent Past, Current & Future Analysis for Virtual Power Plants by Technology - Demand Response, Distributed Generation and Mixed Asset - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
Germany 7-Year Perspective for Virtual Power Plants by Technology - Percentage Breakdown of Value Revenues for Demand Response, Distributed Generation and Mixed Asset for the Years 2021 & 2027
Germany Recent Past, Current & Future Analysis for Virtual Power Plants by End-Use - Industrial & Commercial and Residential - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
Germany 7-Year Perspective for Virtual Power Plants by End-Use - Percentage Breakdown of Value Revenues for Industrial & Commercial and Residential for the Years 2021 & 2027
ITALY
Italy Recent Past, Current & Future Analysis for Virtual Power Plants by Technology - Demand Response, Distributed Generation and Mixed Asset - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
Italy 7-Year Perspective for Virtual Power Plants by Technology - Percentage Breakdown of Value Revenues for Demand Response, Distributed Generation and Mixed Asset for the Years 2021 & 2027
Italy Recent Past, Current & Future Analysis for Virtual Power Plants by End-Use - Industrial & Commercial and Residential - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
Italy 7-Year Perspective for Virtual Power Plants by End-Use - Percentage Breakdown of Value Revenues for Industrial & Commercial and Residential for the Years 2021 & 2027
UNITED KINGDOM
Virtual Power Plants Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
UK Recent Past, Current & Future Analysis for Virtual Power Plants by Technology - Demand Response, Distributed Generation and Mixed Asset - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
UK 7-Year Perspective for Virtual Power Plants by Technology - Percentage Breakdown of Value Revenues for Demand Response, Distributed Generation and Mixed Asset for the Years 2021 & 2027
UK Recent Past, Current & Future Analysis for Virtual Power Plants by End-Use - Industrial & Commercial and Residential - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
UK 7-Year Perspective for Virtual Power Plants by End-Use - Percentage Breakdown of Value Revenues for Industrial & Commercial and Residential for the Years 2021 & 2027
REST OF EUROPE
Rest of Europe Recent Past, Current & Future Analysis for Virtual Power Plants by Technology - Demand Response, Distributed Generation and Mixed Asset - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
Rest of Europe 7-Year Perspective for Virtual Power Plants by Technology - Percentage Breakdown of Value Revenues for Demand Response, Distributed Generation and Mixed Asset for the Years 2021 & 2027
Rest of Europe Recent Past, Current & Future Analysis for Virtual Power Plants by End-Use - Industrial & Commercial and Residential - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
Rest of Europe 7-Year Perspective for Virtual Power Plants by End-Use - Percentage Breakdown of Value Revenues for Industrial & Commercial and Residential for the Years 2021 & 2027
ASIA-PACIFIC
Virtual Power Plants Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
Asia-Pacific Recent Past, Current & Future Analysis for Virtual Power Plants by Technology - Demand Response, Distributed Generation and Mixed Asset - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
Asia-Pacific 7-Year Perspective for Virtual Power Plants by Technology - Percentage Breakdown of Value Revenues for Demand Response, Distributed Generation and Mixed Asset for the Years 2021 & 2027
Asia-Pacific Recent Past, Current & Future Analysis for Virtual Power Plants by End-Use - Industrial & Commercial and Residential - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
Asia-Pacific 7-Year Perspective for Virtual Power Plants by End-Use - Percentage Breakdown of Value Revenues for Industrial & Commercial and Residential for the Years 2021 & 2027
REST OF WORLD
Rest of World Recent Past, Current & Future Analysis for Virtual Power Plants by Technology - Demand Response, Distributed Generation and Mixed Asset - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
Rest of World 7-Year Perspective for Virtual Power Plants by Technology - Percentage Breakdown of Value Revenues for Demand Response, Distributed Generation and Mixed Asset for the Years 2021 & 2027
Rest of World Recent Past, Current & Future Analysis for Virtual Power Plants by End-Use - Industrial & Commercial and Residential - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
Rest of World 7-Year Perspective for Virtual Power Plants by End-Use - Percentage Breakdown of Value Revenues for Industrial & Commercial and Residential for the Years 2021 & 2027

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