-- Virtual Power Plant (VPP) Market 2019
A Virtual Power Plant (VPP) is a cloud-based power plant which combines the capacity of distributed energy resources to enhance power generation. It also allows trading and selling of power in the electricity market. These plants are employed to optimize power generation from the existing sources of power, integrate different renewable sources of energy, and finally reduce carbon footprint on the environment. These plants are considered to be the clusters of distributed generator units, manageable loads, and energy storage systems which are grouped to operate as an integrated power plant. Due to the distributive nature of the energy, political and financial risk is reduced. The Global Virtual Power Plant market is expected to expand in the future. The main reasons behind the growth of this industry are the increasing share of renewable energy in generating power and the decreasing cost of energy storage and solar generation. Also, a shift from the centralized generation of power to the distributed generation of power will boost the market.
Market by Top Virtual Power Plant (VPP) Companies, this report covers
DONG Energy
Duke Energy
RWE
Alstom Grid
Bosch
GE Digital Energy
IBM
Schneider Electric
Siemens
ENBALA Power Networks
Joule Assets
Power Analytics
Power Assure
Spirae
Ventyx/ABB
Viridity Energy
Comverge
Consert
Cooper Power Systems/Eaton
Customized Energy Solutions
EnerNOC
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With the development of smart grids and the rise in demand for electric vehicles, a robust growth in this industry is expected. The Global Virtual Power Plant market will register a CAGR of around 25% by the end of 2024. The market is expected to expand because of the flourishing of business activities by multinationals and well-established companies. The market is also expected to see several technological developments in the coming years because of customer preferences for uninterrupted power supply.
Market Segmentation
The Global Virtual Power Plant market is segmented based on the type and application. An in-depth study of the market helps the players to form strategies and gain profits in the future. The leading players in this industry are DONG Energy, Duke Energy, RWE, Bosch, GE Digital Energy, IBM, Joule Assets, and Power Assure.
Based on the type, the Global Virtual Power Plant market is divided into Centralized Controlled VPP and Decentralized Controlled VPP.
Based on application, the Global Virtual Power Plant market can be segmented into Defense, Government, and Commercial. The industrial segment is expected to maintain its dominance during the forecast period due to the efficiency of the Virtual Power Plants.
Regional Analysis
Based on region, the Global Virtual Power Plant market is segmented into the five main global regions like Europe, North America, Asia-Pacific, South America, and Middle East & Africa.
North America and Europe have a major role to play in the growth of this industry. Owning to the aggressive initiatives taken for renewable energy, North America will dominate the market during the forecast years. The developing economies of the Asia-Pacific, especially China, will also boost the overall market share.
Industry News:
The Virtual Power Plant, New Energy Storage and Renewable Energy Innovations Global Summit 2019 will prove to be an important platform which will accelerate the adoption of microgrids and renewable energy technologies, which in turn will allow consumers to use the energy more efficiently.
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Table of Contents –Analysis of Key Points
1 Virtual Power Plant (VPP) Market Overview
2 Manufacturers Profiles
3 Global Virtual Power Plant (VPP) Market Competition, by Players
4 Global Virtual Power Plant (VPP) Market Size by Regions
5 North America Virtual Power Plant (VPP) Revenue by Countries
6 Europe Virtual Power Plant (VPP) Revenue by Countries
7 Asia-Pacific Virtual Power Plant (VPP) Revenue by Countries
8 South America Virtual Power Plant (VPP) Revenue by Countries
9 Middle East and Africa Revenue Virtual Power Plant (VPP) by Countries
10 Global Virtual Power Plant (VPP) Market Segment by Type
11 Global Virtual Power Plant (VPP) Market Segment by Application
12 Global Virtual Power Plant (VPP) Market Size Forecast (2019-2025)
13 Research Findings and Conclusion
14 Appendix
List of Tables and Figures
Continued…..
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