Virtual Power Plant Market by Technology (Distribution Generation, Demand Response, and Mixed Asset) and by End User (Commercial, Industrial, and Residential)

According to a new report published by Allied Market Research titled, Virtual Power Plant Market by Technology and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global virtual power plant market was valued at $762 million in 2016, and is expected to reach at $4,587 million by 2023, registering a CAGR of 25.9% from 2017 to 2023. North America is expected to dominate the market and is expected to maintain this trend throughout the forecast period.

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Rise in demand for renewable energy in power generation sector, changes in dynamic of power grids from centralized to distributed, and moderating costs and easy accessibility of energy storage drive the growth of the virtual power plant market. However, health concerns over high frequency human exposure of electromagnetic and radio waves hamper the potential of the market for different end users. Conversely, emerging shift towards electric vehicles and promotion of intelligent office buildings and smart grids, is expected to create opportunities in the market. Key market players have adopted merger as their key strategy to widen their brand portfolios and expand their market reach.

The global virtual power plant market is segmented based on technology, end user, and geography. Based on technology, it is categorized into distribution generation, demand response, and mixed asset. Based on end user, it is divided into commercial, industrial, and residential. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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In 2016, the demand response segment, accounted for around five-eighths of the global market share. This segment is highly lucrative for investment due to long-term benefits for end users and improving the energy efficiency of the grid. Thus, demand response is anticipated to show high growth rate along with significant return on investment for the stakeholders, owing to its notable revenue contribution and high growth rate.

Asia-Pacific possesses maximum potential for growth in the global virtual power plant market, on account of the growth in energy demand from emerging economies. The U.S. is expected to lead the market and witness high demand for virtual power plant, owing to increase in emphasis on utilization of renewable energy.

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A lot of companies have adopted product development, expansion, and merger strategies to sustain the intense market competition. The key players profiled in the report include ABB Ltd., AGL Energy, AutoGrid Systems, Inc., Comverge, Inc., Enbala Power Networks, EnerNOC, Inc., General Electric Company, Siemens AG, Schneider Electric SE, Limejump Ltd., and others.
Other market players (not profiled in report) in the value chain include, Advanced Microgrid Solutions, Bosch Software Innovations GmbH, Green Charge Networks LLC, Lichtblick SE, Power Analytics Corp., Spirae LLC, Sonnen GmbH, and Viridity Energy Solutions, Inc.

Table of Content:

Chapter: 1 INTRODUCTION

1.1. Report description
1.2. Key benefits
1.3. Key market segments
1.4. Research methodology

1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

Chapter: 2 EXECUTIVE SUMMARY

2.1. CXO perspective

Chapter: 3 MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings

3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.2.3. Top player positioning

3.3. PATENT ANALYSIS

3.3.1. Patent analysis by year
3.3.2. Patent analysis by company
3.3.3. Patent analysis by region
3.3.4. Patent analysis by product

3.4. PORTERS FIVE FORCES ANALYSIS

3.4.1. Bargaining power of suppliers
3.4.2. Bargaining power of buyers
3.4.3. Threat of substitutes
3.4.4. Threat of new entrants
3.4.5. Competitive rivalry

3.5. MARKET DYNAMICS

3.5.1. Drivers

3.5.1.1. Rising demand for renewable energy in power generation sector
3.5.1.2. Changing dynamic of power grids from centralized to distributed
3.5.1.3. Reducing cost and easy accessiblity of energy storage

3.5.2. Restraints

3.5.2.1. Health concerns over high frequency human exposure of electromagnetic and radio waves

3.5.3. Opportunity

3.5.3.1. Emerging shift towards electric vehicles
3.5.3.2. Promotion of intelligent office buildings and smart grids

Chapter: 4 VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY

4.1. OVERVIEW

4.1.1. Market Size and forecast

4.2. DISTRIBUTION GENERATION

4.2.1. Key Market trends, growth factors, and opportunities
4.2.2. Market size and forecast

4.2.2.1. By Geography

4.3. DEMAND RESPONSE

4.3.1. Key Market trends, growth factors, and opportunities
4.3.2. Market size and forecast

4.3.2.1. By Geography

4.4. MIXED ASSET

4.4.1. Key Market trends, growth factors, and opportunities
4.4.2. Market size and forecast
4.4.2.1. By Geography

Chapter: 5 VIRTUAL POWER PLANT MARKET, BY END USER

5.1. OVERVIEW

5.1.1. Market size and forecast

5.2. INDUSTRIAL

5.2.1. Key Market trends, growth factors, and opportunities
5.2.2. Market size and forecast

5.2.2.1. By Geography

5.3. COMMERCIAL

5.3.1. Key Market trends, growth factors, and opportunities
5.3.2. Market size and forecast

5.3.2.1. By Geography

5.4. RESIDENTIAL

5.4.1. Key Market trends, growth factors, and opportunities
5.4.2. Market size and forecast

5.4.2.1. By Geography

Chapter: 6 VIRTUAL POWER PLANT MARKET, BY GEOGRAPHY

6.1. OVERVIEW

6.1.1. Market Size and Forecast

6.2. NORTH AMERICA

6.2.1. Key Market Trends, Growth Factors and Opportunities
6.2.2. Market Size and Forecast

6.2.2.1. By Technology
6.2.2.2. By End User
6.2.2.3. By Country

6.2.3. U.S.

6.2.3.1. Market Size and Forecast

6.2.3.1.1. By Technology
6.2.3.1.2. By End User

6.2.4. Canada

6.2.4.1. Market Size and Forecast

6.2.4.1.1. By Technology
6.2.4.1.2. By End User

6.3. EUROPE

6.3.1. Key Market Trends, Growth Factors and Opportunities
6.3.2. Market Size and Forecast

6.3.2.1. By Technology
6.3.2.2. By End User
6.3.2.3. By Country

6.3.3. UK

6.3.3.1. Market Size and Forecast

6.3.3.1.1. By Technology
6.3.3.1.2. By End User

6.3.4. Germany

6.3.4.1. Market Size and Forecast

6.3.4.1.1. By Technology
6.3.4.1.2. By End User

6.3.5. France

6.3.5.1. Market Size and Forecast

6.3.5.1.1. By Technology
6.3.5.1.2. By End User

6.3.6. Denmark

6.3.6.1. Market Size and Forecast

6.3.6.1.1. By Technology
6.3.6.1.2. By End User

6.3.7. Finland

6.3.7.1. Market Size and Forecast

6.3.7.1.1. By Technology
6.3.7.1.2. By End User

6.3.8. Rest of Europe

6.3.8.1. Market Size and Forecast

6.3.8.1.1. By Technology
6.3.8.1.2. By End User

6.4. ASIA-PACIFIC

6.4.1. Key Market Trends, Growth Factors and Opportunities
6.4.2. Market Size and Forecast

6.4.2.1. By Technology
6.4.2.2. By End User
6.4.2.3. By Country

6.4.3. China

6.4.3.1. Market Size and Forecast

6.4.3.1.1. By Technology
6.4.3.1.2. By End User

6.4.4. Japan

6.4.4.1. Market Size and Forecast

6.4.4.1.1. By Technology
6.4.4.1.2. By End User

6.4.5. South Korea

6.4.5.1. Market Size and Forecast

6.4.5.1.1. By Technology
6.4.5.1.2. By End User

6.4.6. Australia

6.4.6.1. Market Size and Forecast

6.4.6.1.1. By Technology
6.4.6.1.2. By End User

6.4.7. Rest of Asia-Pacific

6.4.7.1. Market Size and Forecast

6.4.7.1.1. By Technology
6.4.7.1.2. By End User

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