Virtual Power Plant Market Predicted to Witness Sustainable Evolution in Future | ABB Ltd., AGL Energy, AutoGrid Systems

The Global Virtual Power Plant Market has witnessed continuous growth in the past few years and is projected to grow even further during the forecast period (2019-2027). The assessment provides a 360° view and insights, outlining the key outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions for improved profitability. In addition, the study helps venture or private players in understanding the companies more precisely to make better informed decisions.

Major Players are:
ABB Ltd., AGL Energy, AutoGrid Systems, Inc., Comverge, Inc., Enbala Power Networks, General Electric Company, Siemens AG, Schneider Electric SE, Limejump Ltd., EnerNOC, Inc., Advanced Microgrid Solutions, Bosch Software Innovations GmbH

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Definition:
Due to upsurging demand for renewable resources will help to drive global virtual power plant market in the forecasted period. Virtual power plants (VPP) is referred to as a cloud-based distributed power plant. VPP aggregates the capabilities of heterogeneous distributed energy resources (DER) for improving power generation, and selling power or trading on the electricity. It does not physically exist. Virtual power plants (VPP) are clusters of distributed generator units, controllable loads, and energy storages systems, gathered to work as an integrated power plant. Additionally, it is a network of medium-scale, decentralized power generating units same as Joint Heat and Power (CHP) units, solar plants and wind farms as well as flexible power consumers and batteries.

On 13th March 2018, ABB has launched its comprehensive and market-leading portfolio of solutions for virtual power plants for the Japanese market at the Thermal Power Expo in Tokyo.

The Virtual Power Plant Market is segmented by following:
Study by Type (Centralized Controlled VPP, Decentralized Controlled VPP), Application (Defense, Government, Commercial), Technology (Distribution Generation, Demand Response, Mixed Asset)

Market Trends:
Growing Share of Renewable Energy in the Power Generation
Fast Growing Power Sector in Developing Countries

Market Drivers:
Shift From Centralized to Distributed Generation
Moderating Costs and Easy Accessibility of Energy Storage

Years considered for this report:
 Historical Years: 2015-2019
 Base Year: 2019
 Estimated Year: 2020
 Forecast Period: 2020-2027

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What are the market factors that are explained in the Virtual Power Plant Market report?

– Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the Virtual Power Plant market on a and regional scale.

– Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the Virtual Power Plant market dynamics and their latest trends, along with pertinent market segments and sub-segments.

– Analytical Tools: The Global Virtual Power Plant Market report includes the accurately studied and assessed data of the key industry players and their scope in the Virtual Power Plant market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

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Extract from Table of Content:
Chapter 01 – Executive Summary
1.1 360 Degree Synopsis
1.2 Market value (US$ million).
Chapter 02 – Market Overview
Chapter 03 – Key Success Factors
3.1 Strategies adopted by key market participants and factors that have turned into success.
3.2 Additional viewpoint on global average pricing analysis benchmark, and consumer’s sentiments’ analysis.
Chapter 04 – Covid-19 Crisis Analysis on Global Virtual Power Plant Market
Chapter 05 – Global Virtual Power Plant Market - Pricing Analysis
Chapter 06 – Global Virtual Power Plant Market Background
6.1 Macroeconomic factors affecting the Global Virtual Power Plant market
6.2 Explore supply chain and value chain analysis.
6.3 In-depth information about the market dynamics and their consequences.
Chapter 07 -- Global Virtual Power Plant Market Segmentation
Chapter 08 – Key and Emerging Countries Analysis in Global Virtual Power Plant Market
Chapter 09 – Global Virtual Power Plant Market Structure Analysis
Chapter 10 – Global Virtual Power Plant Market Competitive Analysis
10.1 Market Concentration Rate
10.2 Competition Scenario: BCG Matrix [Relative Market Share v/s Revenue Growth Rate]
10.3 Heat Map Analysis
10.4 Comparative Market Share Analysis by Players (2018-2019) Rank, [% Market Share, Market Revenue]
Chapter 11 – Assumptions and Acronyms
Chapter 12 – Research Methodology

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Key Questions Addressed in the Report
 Who are the top 20 players operating in the Global Virtual Power Plant market?
 What covers the drivers, restraints, opportunities, and challenges in the Virtual Power Plant industry?
 What are the growth trends in the market at the segmental and overall market levels?
 Which are the untapped emerging regions in the Virtual Power Plant market?
 What are the recent application areas in the market?

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