Blueweave
Global Virtual Power Plant Market 20116

Global Virtual Power Plant Market 20116

Global Virtual Power Plant Market, By Technology (Demand Response, Distribution Generation, Mixed Asset); By End-User (Residential, Commercial & Industrial); By Region (North America, European Union, Asia-Pacific, South America and the Middle East & Africa) Trend Analysis, Competitive Market Share & Forecast, 2017-2027

  • Published Date: November 2021
  • Report ID: BWC20116
  • Available Format: PDF
  • Page: 304

Report Overview

The global virtual power plant market is anticipated to grow due to the rising renewable energy consumption in the power generation sector, government subsidies for the cleaner energies and rising adoption rate of the smarter grid solutions across the world.

Global Virtual Power Plant Market- Industry Trends & Forecast Report 2027

The Global Virtual Power Plant Market was worth USD 560.2 million in 2020. The market is further expected to reach USD 2,593.1 million by 2027 at a CAGR of 25.7% during the forecast period (2021-2027). The growth of the global virtual power plant market is attributable to the rising adoption rate of renewable energy in the power generation mix, the due emphasis laid on cutting emissions from the centralized power generation, and government initiatives directed to incentivize the use of cleaner energy. The other factors contributing to the growth of the global virtual power plant market include growing demand for electric vehicles and the growing adoption rates of smart grid solutions.

Virtual Power Plant Market

Source: BlueWeave Consulting

Global Virtual Power Plant Market Overview

A Virtual Power Plant (VPP) is a system of connections for medium-sized and decentralized power generation units like wind farms, Combined Heat and Power (CHP) units, solar parks, ductile consumer power and storage systems. The purpose of a virtual power plant is to use distributed energy resources for monitoring, predicting, optimizing, trading, and balancing fluctuations in renewable energy by adjusting the power generation and consumption of these controllable units. The VPP also assists in curating prerequisites for the integration of renewable energies into various markets. Individual small virtual power plants cannot support balancing services, and neither do they provide flexibility over the power exchanges as their power generation profile is highly volatile.

Global Virtual Power Plant Market Trend

Growth Drivers

Growing adoption of renewable energy in the power generation sector

To combat the growing concerns about global warming, the world has begun to shift toward the consumption of renewable resources rather than traditional fossil fuels. According to the recent estimates released by the International Energy Agency, renewable energy sources are expected to approach a record high expansion rate by the end of 2021, with over 219 GW anticipated to become operational in power generation, which can be translated into a 10% jump from the 2020 estimates. There are two major factors driving the global virtual power plant market, including the reinstatement of projects halted by supply chain disruptions and vigilant government measures across key markets such as India, the United States, and the European Union.

Rising emphasis on reductions of emissions has resulted in a transition from centralized power generation

The United States, one of the largest contributors to CO2 emissions, relies on centralized electricity as a source of power. The centralized generation supports the generation of 1,100 gigawatts of electric power in the United States. Presently, a major part of electricity generation in the United States is managed and coordinated by regional system operators. As a result, the electricity delivered to the end-users is generated at a centralized power plant. The environmental impacts of electricity generation can contribute to large-scale regional environmental concerns as well as localized concerns that affect the area directly surrounding a power plant. These factors have contributed to the growing shift toward decentralized power generation while leveraging renewable sources of power generation, which is resulting in reduced carbon emissions, thereby contributing to the growth of the market.

Restraints

Limited availability of supported infrastructure coupled with Higher installation costs

While virtual power plants may serve as a decentralized power generation system, the installation process requires the use of complex state-of-the-art communication systems to integrate the renewable energy units with the main power plant. The integration is what allows for the monitoring and forecasting of the electricity supplied to the designated energy units.A complex energy management system can be prohibitively expensive for some end-users, which limits their ability to leverage such technology over traditional centralised power generation systems. This makes virtual power plant technology an expensive affair for some developing countries, thus, impeding the market’s growth.

Global Virtual Power plant - Impact of COVID-19

COVID-19 has moderately affected the adoption of virtual power plants around the world.  During the pandemic, electricity demand plummeted. Some industries were shut down while others were operating at reduced capacity. Furthermore, corporate and government offices were also closed. According to the International Energy Agency (IEA), the demand for electricity dropped by 2.5% in the first quarter of 2020 with demand dropping as much as 15% in some of the countries. However, rising vaccination campaigns around the world have resulted in a recovery for the industries, which may result in increased demand for electricity in the coming months. Along with this, the government initiatives to reduce the prices of renewable energy sources and their allied assets is anticipated to become a pivotal factor driving the growth of the market in the coming years.

Global Virtual Power Plant Market: By Technology

Based on technologies, the global virtual power plant market has been categorized into Demand Response, Distribution Generation, and Mixed Asset. The Demand Response segment held the largest market share in the global virtual power plant market in 2020. The demand response technology segment is thriving because it provides customers with incentives to reduce their electricity consumption from the grid during periods of high demand. Customers can also derive revenue from operational curtailment, turning on underutilized generators, or utilizing battery storage, which contributes to the demand for virtual power plants because they act as an intermediary to balance out the power supply, positively impacting the growth of the virtual power plant market.

Virtual Power Plant Market Share

Source: BlueWeave Consulting

Global Virtual Power Plant Market: Regional Insights

Based on regions, the global virtual power plant market is segmented into North America, European Union, Asia-Pacific, South America, and the Middle East & Africa. North America garnered the largest share in the global virtual power plant market in 2020. Some of the leading companies operating in the virtual power plant market are situated in North America. Moreover, growing investment in the virtual power plants is propelling the growth of the market in the region. Several deals related to virtual power plants (VPPs) were completed in 2020 in the North America region that emphasizes the growing adoption of virtual power plants in the region.

Regional Insights

Source: BlueWeave Consulting

Global Virtual Power Plant Market - Competitive Landscape

Some of the key players in the global virtual power plant market are ABB Ltd., VIBECO (Virtual Buildings Ecosystem) Siemens AG, Schneider Electric SE, Enel X S.r.l, Comverge Inc. (Itron Inc.), Limejump Limited, Flexitricity Limited, Autogrid Systems, Inc., Blue Pillar, Cisco Systems, Inc., Enbala Power Networks, Inc. (Generac Grid Services), Hitachi Energy Ltd., IBM Corporation, Open Access Technology International, Inc., Toshiba Corporation, Next Kraftwerke GmbH, and other prominent players. The global virtual power plant market is moderately fragmented in nature, with a large numerous of players working on developing and offering virtual power plant products and services to its customers all over the world.

Recent Development

In October 2021, Enel X S.r.l. and Aeroporti di Roma announced a collaboration to create an innovative storage system that will allow the airport to store excess energy generated by a solar plant using electric vehicle batteries, allowing the airport to cover evening energy demand peaks while also providing network services.

Scope of the Report

Attribute

Details

Years Considered

Historical data – 2017-2020

Base Year – 2020

Forecast – 2021 – 2027

Facts Covered

Revenue in USD Million

Market Coverage

U.S., Canada, Mexico, Germany, UK, France, Denmark, China, Japan, Australia, South Korea, UAE, South Africa, Saudi Arabia, Chile

Product/Service Segmentation

By Product, End-users, and Region

Key Players

Some of the key players include ABB Ltd., VIBECO (Virtual Buildings Ecosystem) Siemens AG, Schneider Electric SE, Enel X S.r.l, Comverge Inc. (Itron Inc.), Limejump Limited, Flexitricity Limited, Autogrid Systems, Inc., Blue Pillar, Cisco Systems, Inc., Enbala Power Networks, Inc. (Generac Grid Services), Hitachi Energy Ltd., and other prominent players

 

By Technology

  • Demand Response
  • Distribution Generation
  • Mixed Asset

By End-User

  • Residential
  • Commercial & Industrial

By Region

  • North America
  • European Union
  • Asia-Pacific
  • South America
  • the Middle East & Africa

 

1.    Executive Summary

1.1.    Market Attractiveness

1.1.1.    Global Virtual Power Plant Market Share, By Technology

1.1.2.    Global Virtual Power Plant Market Share, By End-User

1.1.3.    Global Virtual Power Plant Market Share, By Region

2.    Market Introduction

2.1.    Definition

2.2.    Scope of the Study

2.3.    Key Market Segments (Market Structure)

2.3.1.    Market Estimate and Forecast By Type

2.3.2.    Market Estimate and Forecast By End-User

2.3.3.    Market Estimate and Forecast By Region

3.    Research Methodology

3.1.    Qualitative Research

3.2.    Methodology

3.3.    Regional Split of Primary & Secondary Research

3.4.    Secondary Research

3.5.    Primary Research

3.5.1.    Breakdown of Primary Research Respondents, By Region

3.6.    Market Size Estimation

3.7.    Assumptions for the Study

3.8.    Market Breakdown & Data Triangulation

3.9.    Calculation Logic

4.    Market Dynamics

4.1.    Introduction

4.2.    Growth Drivers

4.2.1.    Growing adoption of renewable energy in the power generation sector

4.2.2.    Rising emphasis on reductions of emissions has resulted in a transition from centralized power generation

4.2.3.    Government initiatives for subsidizing cleaner energy

4.2.4.    Driver Impact Analysis

4.3.    Restraints

4.3.1.    Limited availability of supported infrastructure coupled with Higher installation costs

4.3.2.    Growing concerns toward cybersecurity issues of virtual power plant

4.3.3.    Restraint Impact Analysis

4.4.    Opportunities

4.4.1.    Growing Demand for Electric Vehicles

4.4.2.    Rising adoption of Smart Grid solutions

4.4.3.    Opportunity Impact Analysis

4.5.    Impact Analysis of COVID-19

4.5.1.    Impact on Overall Energy & Power Industry

4.5.1.1.    Economic Impact

4.5.2.    Impact on Virtual Power Plant Market

4.5.3.    Impact on Supply Chain of Virtual Power Plant Market

4.5.3.1.    Production Shutdown

4.5.3.2.    Cash Flow Constraints

4.5.3.3.    Impact on Import/Export

4.5.4.    Impact on Market Demand of Virtual Power Plant

4.5.4.1.    Impact due to restrictions/lockdown

4.5.4.2.    Consumer Sentiments

4.5.5.    Impact on Pricing of Virtual Power Plant

5.    Market Factor Analysis

5.1.    Value Chain/Supply Chain Analysis

5.1.1.    Research & Development

5.1.2.    Deployment of the Power Plant

5.1.3.    End-Users

5.2.    Porter’s Five Forces Model

5.2.1.    Bargaining Power of Suppliers

5.2.2.    Bargaining Power of Buyers

5.2.3.    Threat of New Entrants

5.2.4.    Threat of Substitutes

5.2.5.    Competitive Rivalry in The Market

6.    Global Virtual Power Plant Market, By Technology

6.1.    Introduction

6.2.    Demand Response

6.2.1.    Market Estimates & Forecast, 2017-2027

6.3.    Distribution Generation

6.3.1.    Market Estimates & Forecast, 2017-2027

6.4.    Mixed Asset

6.4.1.    Market Estimates & Forecast, 2017-2027

7.    Global Virtual Power Plant Market, By End-User, 2017-2027

7.1.    Introduction

7.2.    Residential

7.2.1.    Market Estimates & Forecast, 2017-2027

7.3.    Commercial & Industrial

7.3.1.    Estimates & Forecast, 2017-2027

8.    Global Virtual Power Plant Market, By Region

8.1.    Overview

8.2.    North America Virtual Power Plant Market

8.2.1.    North America Virtual Power Plant Market, By Technology, 2017-2027

8.2.2.    North America Virtual Power Plant Market, By End-User, 2017-2027

8.2.3.    North America Virtual Power Plant Market, By Country, 2017-2027

8.2.3.1.    U.S.

8.2.3.1.1.    U.S. Virtual Power Plant Market, By Technology, 2017-2027

8.2.3.1.2.    U.S. Virtual Power Plant Market, By End-User, 2017-2027

8.2.3.2.    Canada

8.2.3.2.1.    Canada Virtual Power Plant Market, By Technology, 2017-2027

8.2.3.2.2.    Canada Virtual Power Plant Market, By End-User, 2017-2027

8.2.3.3.    Mexico

8.2.3.3.1.    Mexico Virtual Power Plant Market, By Technology, 2017-2027

8.2.3.3.2.    Mexico Virtual Power Plant Market, By End-User, 2017-2027

8.3.    European Union Virtual Power Plant Market

8.3.1.    European Union Virtual Power Plant Market, By Technology, 2017-2027

8.3.2.    European Union Virtual Power Plant Market, By End-User, 2017-2027

8.3.3.    European Union Virtual Power Plant Market, By Country, 2017-2027

8.3.3.1.    Germany

8.3.3.1.1.    Germany Virtual Power Plant Market, By Technology, 2017-2027

8.3.3.1.2.    Germany Virtual Power Plant Market, By End-User, 2017-2027

8.3.3.2.    France

8.3.3.2.1.    France Virtual Power Plant Market, By Technology, 2017-2027

8.3.3.2.2.    France Virtual Power Plant Market, By End-User, 2017-2027

8.3.3.3.    UK

8.3.3.3.1.    UK Virtual Power Plant Market, By Technology, 2017-2027

8.3.3.3.2.    UK Virtual Power Plant Market, By End-User, 2017-2027

8.3.3.4.    Denmark

8.3.3.4.1.    Denmark Virtual Power Plant Market, By Technology, 2017-2027

8.3.3.4.2.    Denmark Virtual Power Plant Market, By End-User, 2017-2027

8.3.3.5.    Rest of European Union

8.3.3.5.1.    Rest of European Union Virtual Power Plant Market, By Technology, 2017-2027

8.3.3.5.2.    Rest of European Union Virtual Power Plant Market, By End-User, 2017-2027

8.4.    Asia-Pacific Virtual Power Plant Market

8.4.1.    Asia-Pacific Virtual Power Plant Market, By Technology, 2017-2027

8.4.2.    Asia-Pacific Virtual Power Plant Market, By End-User, 2017-2027

8.4.3.    Asia-Pacific Virtual Power Plant Market, By Country, 2017-2027

8.4.3.1.    China

8.4.3.1.1.    China Virtual Power Plant Market, By Technology, 2017-2027

8.4.3.1.2.    China Virtual Power Plant Market, By End-User, 2017-2027

8.4.3.2.    South Korea

8.4.3.2.1.    South Korea Virtual Power Plant Market, By Technology, 2017-2027

8.4.3.2.2.    South Korea Virtual Power Plant Market, By End-User, 2017-2027

8.4.3.3.    Japan

8.4.3.3.1.    Japan Virtual Power Plant Market, By Technology, 2017-2027

8.4.3.3.2.    Japan Virtual Power Plant Market, By End-User, 2017-2027

8.4.3.4.    Australia

8.4.3.4.1.    Australia Virtual Power Plant Market, By Technology, 2017-2027

8.4.3.4.2.    Australia Virtual Power Plant Market, By End-User, 2017-2027

8.4.3.5.    Rest of Asia-Pacific

8.4.3.5.1.    Rest of Asia-Pacific Virtual Power Plant Market, By Technology, 2017-2027

8.4.3.5.2.    Rest of Asia-Pacific Virtual Power Plant Market, By End-User, 2017-2027

8.5.    Middle East & Africa Virtual Power Plant Market

8.5.1.    Middle East & Africa Virtual Power Plant Market, By Technology, 2017-2027

8.5.2.    Middle East & Africa Virtual Power Plant Market, By End-User, 2017-2027

8.5.3.    Middle East & Africa Virtual Power Plant Market, By Country, 2017-2027

8.5.3.1.    UAE

8.5.3.1.1.    UAE Virtual Power Plant Market, By Technology, 2017-2027

8.5.3.1.2.    UAE Virtual Power Plant Market, By End-User, 2017-2027

8.5.3.2.    Saudi Arabia

8.5.3.2.1.    Saudi Arabia Virtual Power Plant Market, By Technology, 2017-2027

8.5.3.2.2.    Saudi Arabia Virtual Power Plant Market, By End-User, 2017-2027

8.5.3.3.    South Africa

8.5.3.3.1.    South Africa Virtual Power Plant Market, By Technology, 2017-2027

8.5.3.3.2.    South Africa Virtual Power Plant Market, By End-User, 2017-2027

8.5.3.4.    Rest of the Middle East & Africa

8.5.3.4.1.    Rest of The Middle East & Africa Virtual Power Plant Market, By Technology, 2017-2027

8.5.3.4.2.    Rest of The Middle East & Africa Virtual Power Plant Market, By End-User, 2017-2027

8.6.    South America Virtual Power Plant Market

8.6.1.    South America Virtual Power Plant Market, By Technology, 2017-2027

8.6.2.    South America Virtual Power Plant Market, By End-User, 2017-2027

8.6.3.    South America Virtual Power Plant Market, By Country, 2017-2027

8.6.3.1.    Chile

8.6.3.1.1.    Chile Virtual Power Plant Market, By Technology, 2017-2027

8.6.3.1.2.    Chile Virtual Power Plant Market, By End-User, 2017-2027

8.6.3.2.    Rest of South America

8.6.3.2.1.    Rest of South America Virtual Power Plant Market, By Technology, 2017-2027

8.6.3.2.2.    Rest of South America Virtual Power Plant Market, By End-User, 2017-2027

9.    Competitive Landscape

9.1.    Introduction

9.2.    Competitor Dashboard

9.3.    Major Growth Strategies in the Global Virtual Power Plant Market

9.4.    Competitor Benchmarking, By Operating Parameters

9.5.    Market Share Analysis, 2020

9.5.1.    ABB Ltd.

9.5.2.    Next Kraftwerke GmbH

9.5.3.    Schneider Electric SE

9.5.4.    Enbala Power Networks, Inc. (Generac Grid Services)

9.5.5.    Others

9.6.    Leading Players in Terms of Number of Developments

9.7.    Key Developments

9.7.1.    New Product Development

9.7.2.    Mergers & Acquisitions

9.7.3.    Contracts & Agreements

9.7.4.    Expansions & Investments

10.    Company Profiles

10.1.    ABB Ltd.

10.1.1.    Company overview

10.1.2.    Financial Overview

10.1.3.    Products Offered

10.1.4.    Key Developments

10.1.5.    Swot analysis

10.1.5.1.    Strengths

10.1.5.2.    Weaknesses

10.1.5.3.    Opportunities

10.1.5.4.    Threats

10.1.6.    Key Strategies

10.2.    VIBECO (Virtual Buildings Ecosystem)

10.2.1.    Company overview

10.2.2.    Financial Overview

10.2.3.    Products Offered

10.2.4.    Key Developments

10.2.5.    Swot analysis

10.2.5.1.    Strengths

10.2.5.2.    Weaknesses

10.2.5.3.    Opportunities

10.2.5.4.    Threats

10.2.6.    Key Strategies

10.3.    Schneider Electric SE

10.3.1.    Company overview

10.3.2.    Financial Overview

10.3.3.    Products Offered

10.3.4.    Key Developments

10.3.5.    Swot analysis

10.3.5.1.    Strengths

10.3.5.2.    Weaknesses

10.3.5.3.    Opportunities

10.3.5.4.    Threats

10.3.6.    Key Strategies

10.4.    Cisco Systems Inc.

10.4.1.    Company overview

10.4.2.    Financial Overview

10.4.3.    Products Offered

10.4.4.    Key Developments

10.4.5.    Swot analysis

10.4.5.1.    Strengths

10.4.5.2.    Weaknesses

10.4.5.3.    Opportunities

10.4.5.4.    Threats

10.4.6.    Key Strategies

10.5.    Hitachi Ltd.

10.5.1.    Company overview

10.5.2.    Products Offered

10.5.3.    Key Developments

10.5.4.    Swot analysis

10.5.4.1.    Strengths

10.5.4.2.    Weaknesses

10.5.4.3.    Opportunities

10.5.4.4.    Threats

10.5.5.    Key Strategies

10.6.    Toshiba Corporation

10.6.1.    Company overview

10.6.2.    Financial Overview

10.6.3.    Products Offered

10.6.4.    Key Developments

10.6.5.    Swot analysis

10.6.5.1.    Strengths

10.6.5.2.    Weaknesses

10.6.5.3.    Opportunities

10.6.5.4.    Threats

10.6.6.    Key Strategies

10.7.    Enel X S.r.l.

10.7.1.    Company overview

10.7.2.    Financial Overview

10.7.3.    Products Offered

10.7.4.    Key Developments

10.7.5.    Swot analysis

10.7.5.1.    Strengths

10.7.5.2.    Weaknesses

10.7.5.3.    Opportunities

10.7.5.4.    Threats

10.7.6.    Key Strategies

10.8.    Itron Inc.

10.8.1.    Company overview

10.8.2.    Financial Overview

10.8.3.    Products Offered

10.8.4.    KEY DEVELOPMENTS

10.8.5.    Swot analysis

10.8.5.1.    Strengths

10.8.5.2.    Weaknesses

10.8.5.3.    Opportunities

10.8.5.4.    Threats

10.8.6.    Key Strategies

10.9.    Limejump

10.9.1.    Company overview

10.9.2.    Financial Overview

10.9.3.    Products Offered

10.9.4.    KEY DEVELOPMENTS

10.9.5.    Swot analysis

10.9.5.1.    Strengths

10.9.5.2.    Weaknesses

10.9.5.3.    Opportunities

10.9.5.4.    Threats

10.9.6.    Key Strategies

10.1.    Flexitricity Limited

10.10.1.    Company overview

10.10.2.    Products Offered

10.10.3.    Key Developments

10.10.4.    Swot analysis

10.10.4.1.    Strengths

10.10.4.2.    Weaknesses

10.10.4.3.    Opportunities

10.10.4.4.    Threats

10.10.5.    Key Strategies

10.11.    AutoGrid Systems, Inc.

10.11.1.    Company overview

10.11.2.    Products Offered

10.11.3.    Key Developments

10.11.4.    Swot analysis

10.11.4.1.    Strengths

10.11.4.2.    Weaknesses

10.11.4.3.    Opportunities

10.11.4.4.    Threats

10.11.5.    Key Strategies

10.12.    Blue Pillar

10.12.1.    Company overview

10.12.2.    Products Offered

10.12.3.    Key Developments

10.12.4.    Swot analysis

10.12.4.1.    Strengths

10.12.4.2.    Weaknesses

10.12.4.3.    Opportunities

10.12.4.4.    Threats

10.12.5.    Key Strategies

10.13.    Generac Grid Systems Inc.

10.13.1.    Company overview

10.13.2.    Financial Overview

10.13.3.    Products Offered

10.13.4.    Key Developments

10.13.5.    Swot analysis

10.13.5.1.    Strengths

10.13.5.2.    Weaknesses

10.13.5.3.    Opportunities

10.13.5.4.    Threats

10.13.6.    Key Strategies

10.14.    Open Access Technology International, Inc.

10.14.1.    Company overview

10.14.2.    Products Offered

10.14.3.    Key Developments

10.14.4.    Swot analysis

10.14.4.1.    Strengths

10.14.4.2.    Weaknesses

10.14.4.3.    Opportunities

10.14.4.4.    Threats

10.14.5.    Key Strategies

10.15.    IBM Corporation

10.15.1.    Company overview

10.15.2.    Financial Overview

10.15.3.    Products Offered

10.15.4.    Key Developments

10.15.5.    Swot analysis

10.15.5.1.    Strengths

10.15.5.2.    Weaknesses

10.15.5.3.    Opportunities

10.15.5.4.    Threats

10.15.6.    Key Strategies

10.16.    Next Kraftwerke GmbH

10.16.1.    Company overview

10.16.2.    Financial Overview

10.16.3.    Products Offered

10.16.4.    Key Developments

10.16.5.    Swot analysis

10.16.5.1.    Strengths

10.16.5.2.    Weaknesses

10.16.5.3.    Opportunities

10.16.5.4.    Threats

10.16.6.    Key Strategies

 

*Financial details of unlisted companies will be available as per data availability in final deliverable

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

 

List of Figures

 

FIGURE 1:  Global virtual power plant, By Value (USD Million) overview

FIGURE 2:  Global Virtual Power Plant Market share, By technology, By Value

FIGURE 3:  Global Virtual Power Plant Market share, By End-User

FIGURE 4:  Global Virtual Power Plant Market share, By Region, By value, 2020

FIGURE 5:  Market segments

FIGURE 6:  Research Phases

FIGURE 7:  Methodology

FIGURE 8:  Regional Split of Primary & Secondary Research

FIGURE 9:  Secondary Sources for different Parameter

FIGURE 10:  Breakdown of Primary Research Respondents, By Region

FIGURE 11:  Global Virtual Power Plant Market Share & forecast, By Technology, By Value (2015 – 2027)

FIGURE 12:  Global Virtual Power Plant Market Estimate & forecast, By Technology, For Demand Response, By Value (USD Million, 2017 – 2027)

FIGURE 13:  Global Virtual Power Plant Market Estimate & forecast, By Technology, For Distribution Generation, By Value (USD Million, 2017 – 2027)

FIGURE 14:  Global Virtual Power Plant Market Estimate & forecast, By Technology, For Mixed Asset, By Value (USD Million, 2017 – 2027)

FIGURE 15: Global Virtual Power Plant Market Share & forecast, By End-User (2017 – 2027)

FIGURE 16: Global Virtual Power Plant Market Estimate & forecast, By End-User, For Residential (USD Million, 2017 – 2027)

FIGURE 17: Global Virtual Power Plant Market Estimate & forecast, By End-User, For Commercial (USD Million, 2017 – 2027)

FIGURE 18: Global Virtual Power Plant Market, BY REGION, 2020 VS 2027 (USD MILLION)

FIGURE 19:  North America Virtual Power Plant Market Size & Forecast, By value, USD Million (2017 - 2027)

FIGURE 20:  North America Virtual Power Plant Market Share & forecast, By Technology, By value (2015 - 2027)

FIGURE 21:  North America Virtual Power Plant Market Share & forecast, By End-User (2015 – 2027)

FIGURE 22:  North America Virtual Power Plant Market Share & forecast, By Country, By value (2017 – 2027)

FIGURE 23:  U.S. Virtual Power Plant Market Size & Forecast, By value, USD Million (2017 - 2027)

FIGURE 24:  U.S. Virtual Power Plant Market Share & forecast, By Technology, By value (2017 - 2027)

FIGURE 25:  U.S. Virtual Power Plant Market Share & forecast, By End-User (2015 – 2027)

FIGURE 26:  Canada Virtual Power Plant Market Size & Forecast, By value, USD Million (2017 - 2027)

FIGURE 27:  Canada Virtual Power Plant Market Share & forecast, By Technology, By value (2017 - 2027)

FIGURE 28:  Canada Virtual Power Plant Market Share & forecast, By End-User (2015 – 2027)

FIGURE 29:  Mexico Virtual Power Plant Market Size & Forecast, By value, USD Million (2017 - 2027)

FIGURE 30:  Mexico Virtual Power Plant Market Share & forecast, By Technology, By value (2017 - 2027)

FIGURE 31:  Mexico Virtual Power Plant Market Share & forecast, By End-User (2015 – 2027)

FIGURE 32:  European Union Virtual Power Plant Market Size & Forecast, By value, USD Million (2017 - 2027)

FIGURE 33:  European Union Virtual Power Plant Market Share & forecast, By Technology, By value (2015 - 2027)

FIGURE 34:  European Union Virtual Power Plant Market Share & forecast, By End-User (2015 – 2027)

FIGURE 35:  European Union Virtual Power Plant Market Share & forecast, By Country, By value (2017 – 2027)

FIGURE 36:  Germany Virtual Power Plant Market Size & Forecast, By value, USD Million (2017 - 2027)

FIGURE 37:  Germany Virtual Power Plant Market Share & forecast, By Technology, By value (2017 - 2027)

FIGURE 38:  Germany Virtual Power Plant Market Share & forecast, By End-User (2015 – 2027)

FIGURE 39:  France Virtual Power Plant Market Size & Forecast, By value, USD Million (2017 - 2027)

FIGURE 40:  France Virtual Power Plant Market Share & forecast, By Technology, By value (2017 - 2027)

FIGURE 41:  France Virtual Power Plant Market Share & forecast, By End-User (2015 – 2027)

FIGURE 42:  UK Virtual Power Plant Market Size & Forecast, By value, USD Million (2017 - 2027)

FIGURE 43:  UK Virtual Power Plant Market Share & forecast, By Technology, By value (2017 - 2027)

FIGURE 44:  UK Virtual Power Plant Market Share & forecast, By End-User (2015 – 2027)

FIGURE 45:  Denmark Virtual Power Plant Market Size & Forecast, By value, USD Million (2017 - 2027)

FIGURE 46:  Denmark Virtual Power Plant Market Share & forecast, By Technology, By value (2017 - 2027)

FIGURE 47:  Denmark Virtual Power Plant Market Share & forecast, By End-User (2015 – 2027)

FIGURE 48:  Rest of European Union Virtual Power Plant Market Size & Forecast, By value, USD Million (2017 - 2027)

FIGURE 49:  Rest of European Union Virtual Power Plant Market Share & forecast, By Technology, By value (2017 - 2027)

FIGURE 50:  Rest of European Union Virtual Power Plant Market Share & forecast, By End-User (2015 – 2027)

FIGURE 51:  Asia-Pacific Virtual Power Plant Market Size & Forecast, By value, USD Million (2017 - 2027)

FIGURE 52:  Asia-Pacific Virtual Power Plant Market Share & forecast, By Technology, By value (2015 - 2027)

FIGURE 53:  Asia-Pacific Virtual Power Plant Market Share & forecast, By End-User (2015 – 2027)

FIGURE 54:  Asia-Pacific Virtual Power Plant Market Share & forecast, By Country, By value (2017 – 2027)

FIGURE 55:  China Virtual Power Plant Market Size & Forecast, By value, USD Million (2017 - 2027)

FIGURE 56:  China Virtual Power Plant Market Share & forecast, By Technology, By value (2017 - 2027)

FIGURE 57:  China Virtual Power Plant Market Share & forecast, By End-User (2015 – 2027)

FIGURE 58:  South Korea Virtual Power Plant Market Size & Forecast, By value, USD Million (2017 - 2027)

FIGURE 59:  South Korea Virtual Power Plant Market Share & forecast, By Technology, By value (2017 - 2027)

FIGURE 60:  South Korea Virtual Power Plant Market Share & forecast, By End-User (2015 – 2027)

FIGURE 61:  Japan Virtual Power Plant Market Size & Forecast, By value, USD Million (2017 - 2027)

FIGURE 62:  Japan Virtual Power Plant Market Share & forecast, By Technology, By value (2017 - 2027)

FIGURE 63:  Japan Virtual Power Plant Market Share & forecast, By End-User (2015 – 2027)

FIGURE 64:  Australia Virtual Power Plant Market Size & Forecast, By value, USD Million (2017 - 2027)

FIGURE 65:  Australia Virtual Power Plant Market Share & forecast, By Technology, By value (2017 - 2027)

FIGURE 66:  Australia Virtual Power Plant Market Share & forecast, By End-User (2015 – 2027)

FIGURE 67:  Rest of Asia-Pacific Virtual Power Plant Market Size & Forecast, By value, USD Million (2017 - 2027)

FIGURE 68:  Rest of Asia-Pacific Virtual Power Plant Market Share & forecast, By Technology, By value (2017 - 2027)

FIGURE 69:  Rest of Asia-Pacific Virtual Power Plant Market Share & forecast, By End-User (2015 – 2027)

FIGURE 70:  Middle East & Africa Virtual Power Plant Market Size & Forecast, By value, USD Million (2017 - 2027)

FIGURE 71:  Middle East & Africa Virtual Power Plant Market Share & forecast, By Technology, By value (2015 - 2027)

FIGURE 72:  Middle East & Africa Virtual Power Plant Market Share & forecast, By End-User (2015 – 2027)

FIGURE 73:  Middle East & Africa Virtual Power Plant Market Share & forecast, By Country, By value (2017 – 2027)

FIGURE 74:  UAE Virtual Power Plant Market Size & Forecast, By value, USD Million (2017 - 2027)

FIGURE 75:  UAE Virtual Power Plant Market Share & forecast, By Technology, By value (2017 - 2027)

FIGURE 76:  UAE Virtual Power Plant Market Share & forecast, By End-User (2015 – 2027)

FIGURE 77:  Rest of Asia-Pacific Virtual Power Plant Market Size & Forecast, By value, USD Million (2017 - 2027)

FIGURE 78:  Saudi Arabia Virtual Power Plant Market Share & forecast, By Technology, By value (2017 - 2027)

FIGURE 79:  Saudi Arabia Virtual Power Plant Market Share & forecast, By End-User (2015 – 2027)

FIGURE 80:  South Africa Virtual Power Plant Market Size & Forecast, By value, USD Million (2017 - 2027)

FIGURE 81:  South Africa Virtual Power Plant Market Share & forecast, By Technology, By value (2017 - 2027)

FIGURE 82:  South Africa Virtual Power Plant Market Share & forecast, By End-User (2015 – 2027)

FIGURE 83:  Rest of The Middle East & Africa Virtual Power Plant Market Size & Forecast, By value, USD Million (2017 - 2027)

FIGURE 84:  Rest of The Middle East & Africa Virtual Power Plant Market Share & forecast, By Technology, By value (2017 - 2027)

FIGURE 85:  Rest of The Middle East & Africa Virtual Power Plant Market Share & forecast, By End-User (2015 – 2027)

FIGURE 86:  South America Virtual Power Plant Market Size & Forecast, By value, USD Million (2017 - 2027)

FIGURE 87:  South America Virtual Power Plant Market Share & forecast, By Technology, By value (2015 - 2027)

FIGURE 88:  South America Virtual Power Plant Market Share & forecast, By End-User (2015 – 2027)

FIGURE 89:  South America Virtual Power Plant Market Share & forecast, By Country, By value (2017 – 2027)

FIGURE 90:  Chile Virtual Power Plant Market Size & Forecast, By value, USD Million (2017 - 2027)

FIGURE 91:  Chile Virtual Power Plant Market Share & forecast, By Technology, By value (2017 - 2027)

FIGURE 92:  Chile Virtual Power Plant Market Share & forecast, By End-User (2015 – 2027)

FIGURE 93:  Rest of South America Virtual Power Plant Market Size & Forecast, By value, USD Million (2017 - 2027)

FIGURE 94:  Rest of South America Virtual Power Plant Market Share & forecast, By Technology, By value (2017 - 2027)

FIGURE 95:  Rest of South America Virtual Power Plant Market Share & forecast, By End-User (2015 – 2027)

FIGURE 96:  Global Virtual Power Plants Market Share Analysis, 2020, Based on value

FIGURE 97:  ABB LTD.: Business revenue 2020

FIGURE 98:  ABB Ltd.: Regional revenue 2020

FIGURE 99:  SIEMENS AG: Business revenue 2020

FIGURE 100:  SIEMENS AG: Regional revenue 2020

FIGURE 101:  Schneider Electric SE: Financial Overview snapshot

FIGURE 102:  Schneider Electric SE: Business revenue 2020

FIGURE 103:  Schneider Electric SE: Regional revenue 2020

FIGURE 104:  Cisco Systems Inc.: Financial Overview snapshot

FIGURE 105:  Cisco Systems Inc.: Business revenue 2020

FIGURE 106:  Cisco Systems Inc.: Regional revenue 2020

FIGURE 107:  Toshiba Corporation: Financial Overview snapshot

FIGURE 108:  Toshiba Corporation: Business revenue 2020

FIGURE 109:  Toshiba Corporation: Regional revenue 2020

FIGURE 110:  Enel Spa: Financial Overview snapshot

FIGURE 111:  Enel Spa: Business revenue 2020

FIGURE 112:  Enel Spa: Regional revenue 2020

FIGURE 113:  Itron Inc.: Financial Overview snapshot

FIGURE 114:  Itron Inc.: Business revenue 2020

FIGURE 115:  Itron Inc.: Regional revenue 2020

FIGURE 116:  Royal Dutch Shell PLC: Financial Overview snapshot

FIGURE 117:  Royal Dutch Shell PLC: Business revenue 2020

FIGURE 118:  Royal Dutch Shell PLC: Regional revenue 2020

FIGURE 119:  Generac Holdings Inc.: Financial Overview snapshot

FIGURE 120:  Generac Holdings Inc.: Product class 2020

FIGURE 121:  Generac Holdings Inc.: Regional revenue 2020

FIGURE 122:  IBM Corporation: Financial Overview snapshot

FIGURE 123:  IBM Corporation: Product class 2020

FIGURE 124:  IBM Corporation: Regional revenue 2020

FIGURE 125:  Royal Dutch Shell PLC: Financial Overview snapshot

FIGURE 126:  Royal Dutch Shell PLC: Business revenue 2020

FIGURE 127:  Royal Dutch Shell PLC: Regional revenue 2020

 

List of Tables

 

TABLE 1:  Market synopsis

TABLE 2:  Assumptions for market estimation and forecast

TABLE 3:  Global Virtual Power Plant Historic Market Size, BY Technology, BY Value, USD MILLION (2017-2020)

TABLE 4:  Global Virtual Power Plant Forecast Market Size, BY Technology, By Value, USD MILLION (2021-2027)

TABLE 5:  Global Virtual Power Plant Forecast Market Size, BY Technology, BY Value, USD MILLION (2025, 2030, 2050)

TABLE 6:  Global Virtual Power Plant Historic Market Size, BY End-User, BY Value, USD MILLION (2017-2020)

TABLE 7:  Global Virtual Power Plant Forecast Market Size, BY End-User, By Value, USD MILLION (2021-2027)

TABLE 8:  Global Virtual Power Plant Forecast Market Size, BY End-User, BY Value, USD MILLION (2025, 2030, 2050)

TABLE 9:  Global Virtual Power Plant, BY REGION, 2017-2020 (USD MILLION)

TABLE 10:  Global Virtual Power Plant, BY REGION, 2021-2027 (USD MILLION)

TABLE 11:  Global Virtual Power Plant Forecast Market Size, BY Region, BY Value, USD MILLION (2025, 2030, 2050)

TABLE 12:  North America Virtual Power Plant Historic Market Size, BY Technology, BY Value, USD MILLION (2017-2020)

TABLE 13:  North America Virtual Power Plant Forecast Market Size, BY Technology, By Value, USD MILLION (2021-2027)

TABLE 14:  North America Virtual Power Plant Forecast Market Size, BY technology, BY Value, USD MILLION (2025, 2030, 2050)

TABLE 15:  North America Virtual Power Plant Historic Market Size, BY End-User, BY Value, USD MILLION (2017-2020)

TABLE 16:  North America Virtual Power Plant Forecast Market Size, BY End-User, By Value, USD MILLION (2021-2027)

TABLE 17:  North America Virtual Power Plant Forecast Market Size, BY End-user, BY Value, USD MILLION (2025, 2030, 2050)

TABLE 18:  North America Virtual Power Plant Historic Market Size, BY Country, BY Value, USD MILLION (2017-2020)

TABLE 19:  North America Virtual Power Plant Forecast Market Size, BY Country, By Value, USD MILLION (2021-2027)

TABLE 20:  North America Virtual Power Plant Forecast Market Size, BY Country, BY Value, USD MILLION (2025, 2030, 2050)

TABLE 21:  U.S. Virtual Power Plant Historic Market Size, BY Technology, BY Value, USD MILLION (2017-2020)

TABLE 22:  U.S. Virtual Power Plant Forecast Market Size, BY Technology, By Value, USD MILLION (2021-2027)

TABLE 23:  U.S. Virtual Power Plant Forecast Market Size, BY technology, BY Value, USD MILLION (2025, 2030, 2050)

TABLE 24:  U.S. Virtual Power Plant Historic Market Size, BY End-User, BY Value, USD MILLION (2017-2020)

TABLE 25:  U.S. Virtual Power Plant Forecast Market Size, BY End-User, By Value, USD MILLION (2021-2027)

TABLE 26:  U.S. Virtual Power Plant Forecast Market Size, BY end-user, BY Value, USD MILLION (2025, 2030, 2050)

TABLE 27:  Canada Virtual Power Plant Historic Market Size, BY Technology, BY Value, USD MILLION (2017-2020)

TABLE 28:  Canada Virtual Power Plant Forecast Market Size, BY Technology, By Value, USD MILLION (2021-2027)

TABLE 29:  Canada Virtual Power Plant Forecast Market Size, BY Technology, BY Value, USD MILLION (2025, 2030, 2050)

TABLE 30:  Canada Virtual Power Plant Historic Market Size, BY End-User, BY Value, USD MILLION (2017-2020)

TABLE 31:  Canada Virtual Power Plant Forecast Market Size, BY End-User, By Value, USD MILLION (2021-2027)

TABLE 32:  Canada Virtual Power Plant Forecast Market Size, BY end-user, BY Value, USD MILLION (2025, 2030, 2050)

TABLE 33:  Mexico Virtual Power Plant Historic Market Size, BY Technology, BY Value, USD MILLION (2017-2020)

TABLE 34:  Mexico Virtual Power Plant Forecast Market Size, BY Technology, By Value, USD MILLION (2021-2027)

TABLE 35:  Mexico Virtual Power Plant Forecast Market Size, BY Technology, BY Value, USD MILLION (2025, 2030, 2050)

TABLE 36:  Mexico Virtual Power Plant Historic Market Size, BY End-User, BY Value, USD MILLION (2017-2020)

TABLE 37:  Mexico Virtual Power Plant Forecast Market Size, BY End-User, By Value, USD MILLION (2021-2027)

TABLE 38:  Mexico Virtual Power Plant Forecast Market Size, BY end-user, BY Value, USD MILLION (2025, 2030, 2050)

TABLE 39:  European Union Virtual Power Plant Historic Market Size, BY Technology, BY Value, USD MILLION (2017-2020)

TABLE 40:  European Union Virtual Power Plant Forecast Market Size, BY Technology, By Value, USD MILLION (2021-2027)

TABLE 41:  European union Virtual Power Plant Forecast Market Size, BY technology, BY Value, USD MILLION (2025, 2030, 2050)

TABLE 42:  European Union Virtual Power Plant Historic Market Size, BY End-User, BY Value, USD MILLION (2017-2020)

TABLE 43:  European Union Virtual Power Plant Forecast Market Size, BY End-User, By Value, USD MILLION (2021-2027)

TABLE 44:  European union Virtual Power Plant Forecast Market Size, BY end-user, BY Value, USD MILLION (2025, 2030, 2050)

TABLE 45:  European Union Virtual Power Plant Historic Market Size, BY Country, BY Value, USD MILLION (2017-2020)

TABLE 46:  European Union Virtual Power Plant Forecast Market Size, BY Country, By Value, USD MILLION (2021-2027)

TABLE 47:  European union Virtual Power Plant Forecast Market Size, BY country, BY Value, USD MILLION (2025, 2030, 2050)

TABLE 48:  Germany Virtual Power Plant Historic Market Size, BY Technology, BY Value, USD MILLION (2017-2020)

TABLE 49:  Germany Virtual Power Plant Forecast Market Size, BY Technology, By Value, USD MILLION (2021-2027)

TABLE 50:  Germany Virtual Power Plant Forecast Market Size, BY technology, BY Value, USD MILLION (2025, 2030, 2050)

TABLE 51:  Germany Virtual Power Plant Historic Market Size, BY End-User, BY Value, USD MILLION (2017-2020)

TABLE 52:  Germany Virtual Power Plant Forecast Market Size, BY End-User, By Value, USD MILLION (2021-2027)

TABLE 53:  Germany Virtual Power Plant Forecast Market Size, BY end-user, BY Value, USD MILLION (2025, 2030, 2050)

TABLE 54:  France Virtual Power Plant Historic Market Size, BY Technology, BY Value, USD MILLION (2017-2020)

TABLE 55:  France Virtual Power Plant Forecast Market Size, BY Technology, By Value, USD MILLION (2021-2027)

TABLE 56:  France Virtual Power Plant Forecast Market Size, BY Technology, BY Value, USD MILLION (2025, 2030, 2050)

TABLE 57:  France Virtual Power Plant Historic Market Size, BY End-User, BY Value, USD MILLION (2017-2020)

TABLE 58:  France Virtual Power Plant Forecast Market Size, BY End-User, By Value, USD MILLION (2021-2027)

TABLE 59:  France Virtual Power Plant Forecast Market Size, BY end-user, BY Value, USD MILLION (2025, 2030, 2050)

TABLE 60:  UK Virtual Power Plant Historic Market Size, BY Technology, BY Value, USD MILLION (2017-2020)

TABLE 61:  UK Virtual Power Plant Forecast Market Size, BY Technology, By Value, USD MILLION (2021-2027)

TABLE 62:  UK Virtual Power Plant Forecast Market Size, BY Technology, BY Value, USD MILLION (2025, 2030, 2050)

TABLE 63:  UK Virtual Power Plant Historic Market Size, BY End-User, BY Value, USD MILLION (2017-2020)

TABLE 64:  UK Virtual Power Plant Forecast Market Size, BY End-User, By Value, USD MILLION (2021-2027)

TABLE 65:  UK Virtual Power Plant Forecast Market Size, BY end-user, BY Value, USD MILLION (2025, 2030, 2050)

TABLE 66:  Denmark Virtual Power Plant Historic Market Size, BY Technology, BY Value, USD MILLION (2017-2020)

TABLE 67:  Denmark Virtual Power Plant Forecast Market Size, BY Technology, By Value, USD MILLION (2021-2027)

TABLE 68:  Denmark Virtual Power Plant Forecast Market Size, BY Technology, BY Value, USD MILLION (2025, 2030, 2050)

TABLE 69:  Denmark Virtual Power Plant Historic Market Size, BY End-User, BY Value, USD MILLION (2017-2020)

TABLE 70:  Denmark Virtual Power Plant Forecast Market Size, BY End-User, By Value, USD MILLION (2021-2027)

TABLE 71:  Denmark Virtual Power Plant Forecast Market Size, BY end-user, BY Value, USD MILLION (2025, 2030, 2050)

TABLE 72:  Rest of European Union Virtual Power Plant Historic Market Size, BY Technology, BY Value, USD MILLION (2017-2020)

TABLE 73:  Rest of European Union Virtual Power Plant Forecast Market Size, BY Technology, By Value, USD MILLION (2021-2027)

TABLE 74:  Rest of the European Union Virtual Power Plant Forecast Market Size, BY Technology, BY Value, USD MILLION (2025, 2030, 2050)

TABLE 75:  Rest of European Union Virtual Power Plant Historic Market Size, BY End-User, BY Value, USD MILLION (2017-2020)

TABLE 76:  Rest of European Union Virtual Power Plant Forecast Market Size, BY End-User, By Value, USD MILLION (2021-2027)

TABLE 77:  Rest of the European Union Virtual Power Plant Forecast Market Size, BY end-user, BY Value, USD MILLION (2025, 2030, 2050)

TABLE 78:  Asia-Pacific Virtual Power Plant Historic Market Size, BY Technology, BY Value, USD MILLION (2017-2020)

TABLE 79:  Asia-Pacific Virtual Power Plant Forecast Market Size, BY Technology, By Value, USD MILLION (2021-2027)

TABLE 80:  Asia-pacific Virtual Power Plant Forecast Market Size, BY Technology, BY Value, USD MILLION (2025, 2030, 2050)

TABLE 81:  Asia-Pacific Virtual Power Plant Historic Market Size, BY End-User, BY Value, USD MILLION (2017-2020)

TABLE 82:  Asia-Pacific Virtual Power Plant Forecast Market Size, BY End-User, By Value, USD MILLION (2021-2027)

TABLE 83:  Asia-pacific Virtual Power Plant Forecast Market Size, BY end-user, BY Value, USD MILLION (2025, 2030, 2050)

TABLE 84:  Asia-Pacific Virtual Power Plant Historic Market Size, BY Country, BY Value, USD MILLION (2017-2020)

TABLE 85:  Asia-Pacific Virtual Power Plant Forecast Market Size, BY Country, By Value, USD MILLION (2021-2027)

TABLE 86:  Asia-Pacific Virtual Power Plant Forecast Market Size, BY Country, By Value, USD MILLION (2025, 2030, 2050)

TABLE 87:  China Virtual Power Plant Historic Market Size, BY Technology, BY Value, USD MILLION (2017-2020)

TABLE 88:  China Virtual Power Plant Forecast Market Size, BY Technology, By Value, USD MILLION (2021-2027)

TABLE 89:  China Virtual Power Plant Forecast Market Size, BY technology, By Value, USD MILLION (2025, 2030, 2050)

TABLE 90:  China Virtual Power Plant Historic Market Size, BY End-User, BY Value, USD MILLION (2017-2020)

TABLE 91:  China Virtual Power Plant Forecast Market Size, BY End-User, By Value, USD MILLION (2021-2027)

TABLE 92:  China Virtual Power Plant Forecast Market Size, BY end-user, By Value, USD MILLION (2025, 2030, 2050)

TABLE 93:  South Korea Virtual Power Plant Historic Market Size, BY Technology, BY Value, USD MILLION (2017-2020)

TABLE 94:  South Korea Virtual Power Plant Forecast Market Size, BY Technology, By Value, USD MILLION (2021-2027)

TABLE 95:  South Korea Virtual Power Plant Forecast Market Size, BY technology, By Value, USD MILLION (2025, 2030, 2050)

TABLE 96:  South Korea Virtual Power Plant Historic Market Size, BY End-User, BY Value, USD MILLION (2017-2020)

TABLE 97:  South Korea Virtual Power Plant Forecast Market Size, BY End-User, By Value, USD MILLION (2021-2027)

TABLE 98:  South Korea Virtual Power Plant Forecast Market Size, BY end-user, By Value, USD MILLION (2025, 2030, 2050)

TABLE 99:  Japan Virtual Power Plant Historic Market Size, BY Technology, BY Value, USD MILLION (2017-2020)

TABLE 100:  Japan Virtual Power Plant Forecast Market Size, BY Technology, By Value, USD MILLION (2021-2027)

TABLE 101:  Japan Virtual Power Plant Forecast Market Size, BY technology, By Value, USD MILLION (2025, 2030, 2050)

TABLE 102:  Japan Virtual Power Plant Historic Market Size, BY End-User, BY Value, USD MILLION (2017-2020)

TABLE 103:  Japan Virtual Power Plant Forecast Market Size, BY End-User, By Value, USD MILLION (2021-2027)

TABLE 104:  Japan Virtual Power Plant Forecast Market Size, BY end-user, By Value, USD MILLION (2025, 2030, 2050)

TABLE 105:  Australia Virtual Power Plant Historic Market Size, BY Technology, BY Value, USD MILLION (2017-2020)

TABLE 106:  Australia Virtual Power Plant Forecast Market Size, BY Technology, By Value, USD MILLION (2021-2027)

TABLE 107:  Australia Virtual Power Plant Forecast Market Size, BY technology, By Value, USD MILLION (2025, 2030, 2050)

TABLE 108:  Australia Virtual Power Plant Historic Market Size, BY End-User, BY Value, USD MILLION (2017-2020)

TABLE 109:  Australia Virtual Power Plant Forecast Market Size, BY End-User, By Value, USD MILLION (2021-2027)

TABLE 110:  Australia Virtual Power Plant Forecast Market Size, BY end-user, By Value, USD MILLION (2025, 2030, 2050)

TABLE 111:  Rest of Asia-Pacific Virtual Power Plant Historic Market Size, BY Technology, BY Value, USD MILLION (2017-2020)

TABLE 112:  Rest of Asia-Pacific Virtual Power Plant Forecast Market Size, BY Technology, By Value, USD MILLION (2021-2027)

TABLE 113:  Rest of Asia-pacific Virtual Power Plant Forecast Market Size, BY technology, By Value, USD MILLION (2025, 2030, 2050)

TABLE 114:  Rest of Asia-Pacific Virtual Power Plant Historic Market Size, BY End-User, BY Value, USD MILLION (2017-2020)

TABLE 115:  Rest of Asia-Pacific Virtual Power Plant Forecast Market Size, BY End-User, By Value, USD MILLION (2021-2027)

TABLE 116:  Rest of Asia-Pacific Virtual Power Plant Forecast Market Size, BY end-user, By Value, USD MILLION (2025, 2030, 2050)

TABLE 117:  Middle East & Africa Virtual Power Plant Historic Market Size, BY Technology, BY Value, USD MILLION (2017-2020)

TABLE 118:  Middle East & Africa Virtual Power Plant Forecast Market Size, BY Technology, By Value, USD MILLION (2021-2027)

TABLE 119:  Middle East & Africa Virtual Power Plant Forecast Market Size, BY technology, By Value, USD MILLION (2025, 2030, 2050)

TABLE 120:  Middle East & Africa Virtual Power Plant Historic Market Size, BY End-User, BY Value, USD MILLION (2017-2020)

TABLE 121:  Middle East & Africa Virtual Power Plant Forecast Market Size, BY End-User, By Value, USD MILLION (2021-2027)

TABLE 122:  Middle East & Africa Virtual Power Plant Forecast Market Size, BY end-user, By Value, USD MILLION (2025, 2030, 2050)

TABLE 123:  Middle East & Africa Virtual Power Plant Historic Market Size, BY Country, BY Value, USD MILLION (2017-2020)

TABLE 124:  Middle East & Africa Virtual Power Plant Forecast Market Size, BY Country, By Value, USD MILLION (2021-2027)

TABLE 125:  Middle east & Africa Virtual Power Plant Forecast Market Size, BY Country, By Value, USD MILLION (2025, 2030, 2050)

TABLE 126:  UAE Virtual Power Plant Historic Market Size, BY Technology, BY Value, USD MILLION (2017-2020)

TABLE 127:  UAE Virtual Power Plant Forecast Market Size, BY Technology, By Value, USD MILLION (2021-2027)

TABLE 128:  UAE Virtual Power Plant Forecast Market Size, BY technology, By Value, USD MILLION (2025, 2030, 2050)

TABLE 129:  UAE Virtual Power Plant Historic Market Size, BY End-User, BY Value, USD MILLION (2017-2020)

TABLE 130:  UAE Virtual Power Plant Forecast Market Size, BY End-User, By Value, USD MILLION (2021-2027)

TABLE 131:  UAE Virtual Power Plant Forecast Market Size, BY end-user, By Value, USD MILLION (2025, 2030, 2050)

TABLE 132:  Saudi Arabia Virtual Power Plant Historic Market Size, BY Technology, BY Value, USD MILLION (2017-2020)

TABLE 133:  Saudi Arabia Virtual Power Plant Forecast Market Size, BY Technology, By Value, USD MILLION (2021-2027)

TABLE 134:  Saudi Arabia Virtual Power Plant Forecast Market Size, BY technology, By Value, USD MILLION (2025, 2030, 2050)

TABLE 135:  Saudi Arabia Virtual Power Plant Historic Market Size, BY End-User, BY Value, USD MILLION (2017-2020)

TABLE 136:  Saudi Arabia Virtual Power Plant Forecast Market Size, BY End-User, By Value, USD MILLION (2021-2027)

TABLE 137:  Saudi Arabia Virtual Power Plant Forecast Market Size, BY end-user, By Value, USD MILLION (2025, 2030, 2050)

TABLE 138:  South Africa Virtual Power Plant Historic Market Size, BY Technology, BY Value, USD MILLION (2017-2020)

TABLE 139:  South Africa Virtual Power Plant Forecast Market Size, BY Technology, By Value, USD MILLION (2021-2027)

TABLE 140:  South Africa Virtual Power Plant Forecast Market Size, BY technology, By Value, USD MILLION (2025, 2030, 2050)

TABLE 141:  Saudi Arabia Virtual Power Plant Historic Market Size, BY End-User, BY Value, USD MILLION (2017-2020)

TABLE 142:  South Africa Virtual Power Plant Forecast Market Size, BY End-User, By Value, USD MILLION (2021-2027)

TABLE 143:  South Africa Virtual Power Plant Forecast Market Size, BY end-user, By Value, USD MILLION (2025, 2030, 2050)

TABLE 144:  Rest of The Middle East & Africa Virtual Power Plant Historic Market Size, BY Technology, BY Value, USD MILLION (2017-2020)

TABLE 145:  Rest of The Middle East & Africa Virtual Power Plant Forecast Market Size, BY Technology, By Value, USD MILLION (2021-2027)

TABLE 146:  rest of Middle East & Africa Virtual Power Plant Forecast Market Size, BY technology, By Value, USD MILLION (2025, 2030, 2050)

TABLE 147:  Rest of The Middle East & Africa Virtual Power Plant Historic Market Size, BY End-User, BY Value, USD MILLION (2017-2020)

TABLE 148:  Rest of The Middle East & Africa Virtual Power Plant Forecast Market Size, BY End-User, By Value, USD MILLION (2021-2027)

TABLE 149:  rest of Middle East & Africa Virtual Power Plant Forecast Market Size, BY end-user, By Value, USD MILLION (2025, 2030, 2050)

TABLE 150:  South America Virtual Power Plant Historic Market Size, BY Technology, BY Value, USD MILLION (2017-2020)

TABLE 151:  South America Virtual Power Plant Forecast Market Size, BY Technology, By Value, USD MILLION (2021-2027)

TABLE 152:  South America Virtual Power Plant Forecast Market Size, BY technology, By Value, USD MILLION (2025, 2030, 2050)

TABLE 153:  South America Virtual Power Plant Historic Market Size, BY End-User, BY Value, USD MILLION (2017-2020)

TABLE 154:  South America Virtual Power Plant Forecast Market Size, BY End-User, By Value, USD MILLION (2021-2027)

TABLE 155:  South America Virtual Power Plant Forecast Market Size, BY end-user, By Value, USD MILLION (2025, 2030, 2050)

TABLE 156:  South America Virtual Power Plant Historic Market Size, BY Country, BY Value, USD MILLION (2017-2020)

TABLE 157:  South America Virtual Power Plant Forecast Market Size, BY Country, By Value, USD MILLION (2021-2027)

TABLE 158:  South America Virtual Power Plant Forecast Market Size, BY country, By Value, USD MILLION (2025, 2030, 2050)

TABLE 159:  Chile Virtual Power Plant Historic Market Size, BY Technology, BY Value, USD MILLION (2017-2020)

TABLE 160:  Chile Virtual Power Plant Forecast Market Size, BY Technology, By Value, USD MILLION (2021-2027)

TABLE 161:  Chile Virtual Power Plant Forecast Market Size, BY technology, By Value, USD MILLION (2025, 2030, 2050)

TABLE 162:  Chile Virtual Power Plant Historic Market Size, BY End-User, BY Value, USD MILLION (2017-2020)

TABLE 163:  Chile Virtual Power Plant Forecast Market Size, BY End-User, By Value, USD MILLION (2021-2027)

TABLE 164:  Chile Virtual Power Plant Forecast Market Size, BY end-user, By Value, USD MILLION (2025, 2030, 2050)

TABLE 165:  Rest of South America Virtual Power Plant Historic Market Size, BY Technology, BY Value, USD MILLION (2017-2020)

TABLE 166:  Rest of South America Virtual Power Plant Forecast Market Size, BY Technology, By Value, USD MILLION (2021-2027)

TABLE 167:  Rest of South America Virtual Power Plant Forecast Market Size, BY technology, By Value, USD MILLION (2025, 2030, 2050)

TABLE 168:  Rest of South America Virtual Power Plant Historic Market Size, BY End-User, BY Value, USD MILLION (2017-2020)

TABLE 169:  Rest of South America Virtual Power Plant Forecast Market Size, BY End-User, By Value, USD MILLION (2021-2027)

TABLE 170:  Rest of South America Virtual Power Plant Forecast Market Size, BY end-user, By Value, USD MILLION (2025, 2030, 2050)

TABLE 171:  Competitor Dashboard: Global virtual power plant market

TABLE 172:  Major Growth Strategies in the Global Virtual Power Plant Market

TABLE 173:  Competitor benchmarking, By operating parameters

TABLE 174:  Leading Players in Terms of Development

TABLE 175:  New Product development

TABLE 176:  Mergers & Acquisitions

TABLE 177:  Contracts & Agreements

TABLE 178:  Expansions & Investments

TABLE 179:  ABB Ltd.: Financial Overview snapshot

TABLE 180:  ABB Ltd.: Products Offered

TABLE 181:  ABB ltd.: Key developments

TABLE 182:  SIEMENS AG: Financial Overview snapshot

TABLE 183:  VIBECO (Virtual Buildings Ecosystem): Products Offered

TABLE 184:  SIEMENS AG: Key developments

TABLE 185:  SCHNEIDER ELECTRIC SE: Products Offered

TABLE 186:  SCHNEIDER ELECTRIC SE: Key developments

TABLE 187:  Cisco Systems Inc.: Solutions Offered

TABLE 188:  Cisco Systems Inc.: Key developments

TABLE 189:  Hitachi Energy ltd.: Products Offered

TABLE 190:  Hitachi Energy ltd.: Key developments

TABLE 191:  Toshiba Corporation: Products Offered

TABLE 192:  Toshiba Corporation: Key developments

TABLE 193:  Enel Spa: Products Offered

TABLE 194:  Enel Spa: Key developments

TABLE 195:  Itron Inc.: Products Offered

TABLE 196:  Itron Inc.: Key developments

TABLE 197:  Limejump: Products Offered

TABLE 198:  limejump: Key developments

TABLE 199:  Flexitricity: Products Offered

TABLE 200:  Flexitricity: Key developments

TABLE 201:  AutoGrid Systems, Inc.: Products Offered

TABLE 202:  AutoGrid Systems, Inc.: Key developments

TABLE 203:  Bluepillar: Products Offered

TABLE 204:  Bluepillar: Key developments

TABLE 205:  Generac Grid Systems Inc.: Products Offered

TABLE 206:  Generac Grid Systems Inc.: Key developments

TABLE 207:  Open Access Technology International, Inc.: Products Offered

TABLE 208:  Open Access Technology International, Inc.: Key developments

TABLE 209:  IBM Corporation: Products Offered

TABLE 210:  IBM Corporation: Key developments

TABLE 211:  Limejump: Products Offered

TABLE 212:  Next Kraftwerke GmbH: Key developments

Market Segmentation

By Technology

  • Demand Response
  • Distribution Generation
  • Mixed Asset

By End-User

  • Residential
  • Commercial & Industrial

By Region

  • North America
  • European Union
  • Asia-Pacific
  • South America
  • the Middle East & Africa
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Frequently Asked Questions (FAQs):

Ans: The global virtual power plant market reached USD 560.2 million in 2020.
Ans: With the growing adoption of renewable energy in the power generation sector, government initiatives for subsidising cleaner energy, as well as a growing focus on reducing emissions, the market for virtual power plants is predicted to flourish.
Ans: The key players in the global virtual power plant market ABB Ltd., VIBECO (Virtual Buildings Ecosystem) Siemens AG, Schneider Electric SE, Enel X S.r.l, Comverge Inc. (Itron Inc.), Limejump Limited, Flexitricity Limited, Autogrid Systems, Inc., Blue Pillar, Cisco Systems, Inc., Enbala Power Networks, Inc. (Generac Grid Services), Hitachi Energy Ltd., and other prominent players.
Ans: The commercial and industrial segment accounted for the largest share in the global virtual power plant market.
Ans: North America holds the largest share in the global virtual power plant market.