Global Virtual Power Plants Market to Reach $1.5 Billion by 2026

Abstract: Global Virtual Power Plants Market to Reach $1. 5 Billion by 2026 . With traditional utilities stretched to the breaking point due to rapid population growth, urbanization and demands of the digital age, energy transformation is gaining momentum with new generation concepts like virtual power plants.

New York, Nov. 02, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Virtual Power Plants Industry" - https://www.reportlinker.com/p06156029/?utm_source=GNW
Virtual power plants are garnering increasing attention in the energy industry owing to their compelling merits over conventional options. These plants are cloud-based distributed power systems capable of integrating different power sources to enhance power generation while ensuring reliable electricity supply. Virtual power plants facilitate selling and trading of energy on the electricity market. Virtual power plants are set to leapfrog and emerge as an integral component of the power sector in the coming years as they allow aggregators and utility companies to interconnect electricity generation from different distributed sources and plants. The relevance of these plants is anticipated to increase considerably owing to evolving energy landscape and significance in decentralized grid.

Amid the COVID-19 crisis, 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$1.5 Billion by 2026, growing at a CAGR of 24% over the analysis period. Demand Response, one of the segments analyzed in the report, is projected to grow at a 23.8% CAGR to reach US$1.5 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Distributed Generation segment is readjusted to a revised 22.3% CAGR for the next 7-year period. This segment currently accounts for a 14.9% share of the global Virtual Power Plants market. Demand Response (DR), also called demand-side response or load response, encompasses a broad range of manual and automated measures taken at the consumer side of the meter to modify electricity usage in reaction to electricity demand-supply imbalances or exceptionally high power-prices. Future growth in the market will be driven by surging demand for Automated Demand Response (Auto-DR) technologies. Distributed generation systems are capable of generating electricity or combined heat and power, and are suitable for versatile applications such as continuous, peak, intermittent, or backup power supply. Favorable government policy changes, incentives and subsidies are catalyzing the growth of distributed generation systems.

The U.S. Market is Estimated at $269.7 Million in 2021, While China is Forecast to Reach $78.9 Million by 2026

The Virtual Power Plants market in the U.S. is estimated at US$269.7 Million in the year 2021. The country currently accounts for a 58.22% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$78.9 Million in the year 2026 trailing a CAGR of 30.6% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 19.1% and 23.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 23.9% CAGR while Rest of European market (as defined in the study) will reach US$101.3 Million by the end of the analysis period. Asia-Pacific continues to witness high growth as several areas especially in rural and remote areas in developing economies still do not have access to power grid or have limited or unreliable power supply. The growing drive for rural electrification, fast paced industrialization, and the rising demand for quality and reliable power from energy intensive industries are driving growth in the region. The huge void created by power plant retirements in developed economies in North America and Western Europe, and the ever-growing requirement for electric power from populous emerging economies, is unlocking new opportunities for distributed power generation.

Mixed Asset Segment to Reach $118 Million by 2026

In the global Mixed Asset segment, USA, Canada, Japan, China and Europe will drive the 30.1% 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. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$6.1 Million by the year 2026.
Select Competitors (Total 40 Featured)

• 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

Read the full report: https://www.reportlinker.com/p06156029/?utm_source=GNW

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Growing Investments in Energy Infrastructure: The Cornerstone
for Growth in the Market
EXHIBIT 1: 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?
EXHIBIT 2: 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
EXHIBIT 3: 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
EXHIBIT 4: 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
EXHIBIT 5: 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 2019, 2020, 2021, 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?
EXHIBIT 6: Global Energy Market Reset & Trajectory - Growth
Outlook (In %) For Years 2019 Through 2025
EXHIBIT 7: Global Utilities Market Reset & Trajectory - Growth
Outlook (In %) For Years 2019 Through 2025
Beyond the Current Challenges, the Pandemic Will Fuel Our
Energy Transition
EXHIBIT 8: 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
EXHIBIT 9: 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
EXHIBIT 10: 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
EXHIBIT 11: Over 60% of Companies in North America, Europe &
Asia Expect to Witness Higher Velocity of Change in Digital
Transformation During the Years 2019 through 2023: Global
Digital Transformation Growth (In %)
Special Focus on Energy Digitalization
EXHIBIT 12: Global Opportunities for Digital Technologies in
the Energy Industry by Segment (In US$ Billion) for the Years
2020, 2023, and 2026
EXHIBIT 13: 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
EXHIBIT 14: Rise of Renewables Throws the Spotlight on VPPs:
Global Projected Net Capacity Additions of Renewable Energy:
( In GW) for the Period 2019 to 2024
EXHIBIT 15: 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
EXHIBIT 16: 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
Table 1: World 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

Table 2: 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

Table 3: World 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

Table 4: 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

Table 5: World 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

Table 6: 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

Table 7: World 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

Table 8: 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

Table 9: World 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

Table 10: 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

Table 11: World 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

Table 12: 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

III. MARKET ANALYSIS

UNITED STATES
Table 13: USA 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

Table 14: 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

Table 15: USA 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

Table 16: 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
Table 17: Canada 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

Table 18: 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

Table 19: Canada 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

Table 20: 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
Table 21: Japan 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

Table 22: 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

Table 23: Japan 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

Table 24: 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
Table 25: China 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

Table 26: 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

Table 27: China 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

Table 28: 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
Table 29: Europe 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

Table 30: 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

Table 31: Europe 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

Table 32: 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

Table 33: Europe 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

Table 34: 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
Table 35: France 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

Table 36: 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

Table 37: France 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

Table 38: 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
Table 39: Germany 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

Table 40: 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

Table 41: Germany 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

Table 42: 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
Table 43: Italy 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

Table 44: 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

Table 45: Italy 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

Table 46: 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
Table 47: UK 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

Table 48: 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

Table 49: UK 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

Table 50: 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
Table 51: Rest of Europe 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

Table 52: 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

Table 53: Rest of Europe 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

Table 54: 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
Table 55: Asia-Pacific 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

Table 56: 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

Table 57: Asia-Pacific 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

Table 58: 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
Table 59: Rest of World 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

Table 60: 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

Table 61: Rest of World 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

Table 62: 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

IV. COMPETITION
Total Companies Profiled: 40
Read the full report: https://www.reportlinker.com/p06156029/?utm_source=GNW

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