Global Virtual Power Plant (VPP) Supply, Demand and Key Producers, 2023-2029
Page: 107
Published Date: 05 Aug 2023
Category: Energy & Power
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- Description
- Table of Contents
- Table of Figures
- Research Methodology
- Companies Mentioned
- Related Reports
- Product Tags
Description
The global Virtual Power Plant (VPP) market size is expected to reach $ 3801.9 million by 2029, rising at a market growth of 23.1% CAGR during the forecast period (2023-2029).
Global core virtual power plant (VPP) manufacturers include Schneider Electric (AutoGrid), Siemens, Generac (Enbala), GE Digital Energy and ABB. The top 5 companies hold a share about 85%. Europe is the largest market, with a share over 50%, followed by Asia Pacific and North America with the share about 25% and 20%.
Based on the product type, the Virtual Power Plant (VPP) is primarily split into OC Model and FM Model. FM model is the largest segment, with a share over 50%.
Based on the Virtual Power Plant (VPP) application, the Virtual Power Plant (VPP) market is segmented into several major parts, like Commercial, Industrial and Residential. The largest application is commercial, followed by residential.
A virtual power plant (VPP) is a cloud-based distributed power plant that aggregates the capacities of heterogeneous distributed energy resources (DER) for the purposes of enhancing power generation, as well as trading or selling power on the electricity market.
A Virtual Power Plant (VPP) is an aggregated portfolio of Distributed Energy Resources and Controllable Loads into energy blocks which can be used to participate in Energy Markets and offer Services to the System Operator.
In this report, what is included in our statistics is the market size of virtual power plant technology service providers.
This report studies the global Virtual Power Plant (VPP) demand, key companies, and key regions.
This report is a detailed and comprehensive analysis of the world market for Virtual Power Plant (VPP), and provides market size (US$ million) and Year-over-Year (YoY) growth, considering 2022 as the base year. This report explores demand trends and competition, as well as details the characteristics of Virtual Power Plant (VPP) that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global Virtual Power Plant (VPP) total market, 2018-2029, (USD Million)
Global Virtual Power Plant (VPP) total market by region & country, CAGR, 2018-2029, (USD Million)
U.S. VS China: Virtual Power Plant (VPP) total market, key domestic companies and share, (USD Million)
Global Virtual Power Plant (VPP) revenue by player and market share 2018-2023, (USD Million)
Global Virtual Power Plant (VPP) total market by Type, CAGR, 2018-2029, (USD Million)
Global Virtual Power Plant (VPP) total market by Application, CAGR, 2018-2029, (USD Million).
This reports profiles major players in the global Virtual Power Plant (VPP) market based on the following parameters – company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Ørsted, Duke Energy, RWE, Generac (Enbala), Bosch, GE Digital Energy, Enel X, Schneider Electric(AutoGrid) and Siemens, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Virtual Power Plant (VPP) market.
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), by player, by regions, by Type, and by Application. Data is given for the years 2018-2029 by year with 2022 as the base year, 2023 as the estimate year, and 2024-2029 as the forecast year.
Global Virtual Power Plant (VPP) Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global Virtual Power Plant (VPP) Market, Segmentation by Type
OC Model
FM Model
Global Virtual Power Plant (VPP) Market, Segmentation by Application
Commercial
Industrial
Residential
Companies Profiled:
Ørsted
Duke Energy
RWE
Generac (Enbala)
Bosch
GE Digital Energy
Enel X
Schneider Electric(AutoGrid)
Siemens
Viridity Energy
ABB
Key Questions Answered
1. How big is the global Virtual Power Plant (VPP) market?
2. What is the demand of the global Virtual Power Plant (VPP) market?
3. What is the year over year growth of the global Virtual Power Plant (VPP) market?
4. What is the total value of the global Virtual Power Plant (VPP) market?
5. Who are the major players in the global Virtual Power Plant (VPP) market?
6. What are the growth factors driving the market demand?
Table of Contents
1 Supply Summary
1.1 Virtual Power Plant (VPP) Introduction
1.2 World Virtual Power Plant (VPP) Market Size & Forecast (2018 & 2022 & 2029)
1.3 World Virtual Power Plant (VPP) Total Market by Region (by Headquarter Location)
1.3.1 World Virtual Power Plant (VPP) Market Size by Region (2018-2029), (by Headquarter Location)
1.3.2 United States Virtual Power Plant (VPP) Market Size (2018-2029)
1.3.3 China Virtual Power Plant (VPP) Market Size (2018-2029)
1.3.4 Europe Virtual Power Plant (VPP) Market Size (2018-2029)
1.3.5 Japan Virtual Power Plant (VPP) Market Size (2018-2029)
1.3.6 South Korea Virtual Power Plant (VPP) Market Size (2018-2029)
1.3.7 ASEAN Virtual Power Plant (VPP) Market Size (2018-2029)
1.3.8 India Virtual Power Plant (VPP) Market Size (2018-2029)
1.4 Market Drivers, Restraints and Trends
1.4.1 Virtual Power Plant (VPP) Market Drivers
1.4.2 Factors Affecting Demand
1.4.3 Virtual Power Plant (VPP) Major Market Trends
1.5 Influence of COVID-19 and Russia-Ukraine War
1.5.1 Influence of COVID-19
1.5.2 Influence of Russia-Ukraine War
2 Demand Summary
2.1 World Virtual Power Plant (VPP) Consumption Value (2018-2029)
2.2 World Virtual Power Plant (VPP) Consumption Value by Region
2.2.1 World Virtual Power Plant (VPP) Consumption Value by Region (2018-2023)
2.2.2 World Virtual Power Plant (VPP) Consumption Value Forecast by Region (2024-2029)
2.3 United States Virtual Power Plant (VPP) Consumption Value (2018-2029)
2.4 China Virtual Power Plant (VPP) Consumption Value (2018-2029)
2.5 Europe Virtual Power Plant (VPP) Consumption Value (2018-2029)
2.6 Japan Virtual Power Plant (VPP) Consumption Value (2018-2029)
2.7 South Korea Virtual Power Plant (VPP) Consumption Value (2018-2029)
2.8 ASEAN Virtual Power Plant (VPP) Consumption Value (2018-2029)
2.9 India Virtual Power Plant (VPP) Consumption Value (2018-2029)
3 World Virtual Power Plant (VPP) Companies Competitive Analysis
3.1 World Virtual Power Plant (VPP) Revenue by Player (2018-2023)
3.2 Industry Rank and Concentration Rate (CR)
3.2.1 Global Virtual Power Plant (VPP) Industry Rank of Major Players
3.2.2 Global Concentration Ratios (CR4) for Virtual Power Plant (VPP) in 2022
3.2.3 Global Concentration Ratios (CR8) for Virtual Power Plant (VPP) in 2022
3.3 Virtual Power Plant (VPP) Company Evaluation Quadrant
3.4 Virtual Power Plant (VPP) Market: Overall Company Footprint Analysis
3.4.1 Virtual Power Plant (VPP) Market: Region Footprint
3.4.2 Virtual Power Plant (VPP) Market: Company Product Type Footprint
3.4.3 Virtual Power Plant (VPP) Market: Company Product Application Footprint
3.5 Competitive Environment
3.5.1 Historical Structure of the Industry
3.5.2 Barriers of Market Entry
3.5.3 Factors of Competition
3.6 Mergers, Acquisitions Activity
4 United States VS China VS Rest of the World (by Headquarter Location)
4.1 United States VS China: Virtual Power Plant (VPP) Revenue Comparison (by Headquarter Location)
4.1.1 United States VS China: Virtual Power Plant (VPP) Market Size Comparison (2018 & 2022 & 2029) (by Headquarter Location)
4.1.2 United States VS China: Virtual Power Plant (VPP) Revenue Market Share Comparison (2018 & 2022 & 2029)
4.2 United States Based Companies VS China Based Companies: Virtual Power Plant (VPP) Consumption Value Comparison
4.2.1 United States VS China: Virtual Power Plant (VPP) Consumption Value Comparison (2018 & 2022 & 2029)
4.2.2 United States VS China: Virtual Power Plant (VPP) Consumption Value Market Share Comparison (2018 & 2022 & 2029)
4.3 United States Based Virtual Power Plant (VPP) Companies and Market Share, 2018-2023
4.3.1 United States Based Virtual Power Plant (VPP) Companies, Headquarters (States, Country)
4.3.2 United States Based Companies Virtual Power Plant (VPP) Revenue, (2018-2023)
4.4 China Based Companies Virtual Power Plant (VPP) Revenue and Market Share, 2018-2023
4.4.1 China Based Virtual Power Plant (VPP) Companies, Company Headquarters (Province, Country)
4.4.2 China Based Companies Virtual Power Plant (VPP) Revenue, (2018-2023)
4.5 Rest of World Based Virtual Power Plant (VPP) Companies and Market Share, 2018-2023
4.5.1 Rest of World Based Virtual Power Plant (VPP) Companies, Headquarters (States, Country)
4.5.2 Rest of World Based Companies Virtual Power Plant (VPP) Revenue, (2018-2023)
5 Market Analysis by Type
5.1 World Virtual Power Plant (VPP) Market Size Overview by Type: 2018 VS 2022 VS 2029
5.2 Segment Introduction by Type
5.2.1 OC Model
5.2.2 FM Model
5.3 Market Segment by Type
5.3.1 World Virtual Power Plant (VPP) Market Size by Type (2018-2023)
5.3.2 World Virtual Power Plant (VPP) Market Size by Type (2024-2029)
5.3.3 World Virtual Power Plant (VPP) Market Size Market Share by Type (2018-2029)
6 Market Analysis by Application
6.1 World Virtual Power Plant (VPP) Market Size Overview by Application: 2018 VS 2022 VS 2029
6.2 Segment Introduction by Application
6.2.1 Commercial
6.2.2 Industrial
6.2.3 Residential
6.3 Market Segment by Application
6.3.1 World Virtual Power Plant (VPP) Market Size by Application (2018-2023)
6.3.2 World Virtual Power Plant (VPP) Market Size by Application (2024-2029)
6.3.3 World Virtual Power Plant (VPP) Market Size by Application (2018-2029)
7 Company Profiles
7.1 Ørsted
7.1.1 Ørsted Details
7.1.2 Ørsted Major Business
7.1.3 Ørsted Virtual Power Plant (VPP) Product and Services
7.1.4 Ørsted Virtual Power Plant (VPP) Revenue, Gross Margin and Market Share (2018-2023)
7.1.5 Ørsted Recent Developments/Updates
7.1.6 Ørsted Competitive Strengths & Weaknesses
7.2 Duke Energy
7.2.1 Duke Energy Details
7.2.2 Duke Energy Major Business
7.2.3 Duke Energy Virtual Power Plant (VPP) Product and Services
7.2.4 Duke Energy Virtual Power Plant (VPP) Revenue, Gross Margin and Market Share (2018-2023)
7.2.5 Duke Energy Recent Developments/Updates
7.2.6 Duke Energy Competitive Strengths & Weaknesses
7.3 RWE
7.3.1 RWE Details
7.3.2 RWE Major Business
7.3.3 RWE Virtual Power Plant (VPP) Product and Services
7.3.4 RWE Virtual Power Plant (VPP) Revenue, Gross Margin and Market Share (2018-2023)
7.3.5 RWE Recent Developments/Updates
7.3.6 RWE Competitive Strengths & Weaknesses
7.4 Generac (Enbala)
7.4.1 Generac (Enbala) Details
7.4.2 Generac (Enbala) Major Business
7.4.3 Generac (Enbala) Virtual Power Plant (VPP) Product and Services
7.4.4 Generac (Enbala) Virtual Power Plant (VPP) Revenue, Gross Margin and Market Share (2018-2023)
7.4.5 Generac (Enbala) Recent Developments/Updates
7.4.6 Generac (Enbala) Competitive Strengths & Weaknesses
7.5 Bosch
7.5.1 Bosch Details
7.5.2 Bosch Major Business
7.5.3 Bosch Virtual Power Plant (VPP) Product and Services
7.5.4 Bosch Virtual Power Plant (VPP) Revenue, Gross Margin and Market Share (2018-2023)
7.5.5 Bosch Recent Developments/Updates
7.5.6 Bosch Competitive Strengths & Weaknesses
7.6 GE Digital Energy
7.6.1 GE Digital Energy Details
7.6.2 GE Digital Energy Major Business
7.6.3 GE Digital Energy Virtual Power Plant (VPP) Product and Services
7.6.4 GE Digital Energy Virtual Power Plant (VPP) Revenue, Gross Margin and Market Share (2018-2023)
7.6.5 GE Digital Energy Recent Developments/Updates
7.6.6 GE Digital Energy Competitive Strengths & Weaknesses
7.7 Enel X
7.7.1 Enel X Details
7.7.2 Enel X Major Business
7.7.3 Enel X Virtual Power Plant (VPP) Product and Services
7.7.4 Enel X Virtual Power Plant (VPP) Revenue, Gross Margin and Market Share (2018-2023)
7.7.5 Enel X Recent Developments/Updates
7.7.6 Enel X Competitive Strengths & Weaknesses
7.8 Schneider Electric(AutoGrid)
7.8.1 Schneider Electric(AutoGrid) Details
7.8.2 Schneider Electric(AutoGrid) Major Business
7.8.3 Schneider Electric(AutoGrid) Virtual Power Plant (VPP) Product and Services
7.8.4 Schneider Electric(AutoGrid) Virtual Power Plant (VPP) Revenue, Gross Margin and Market Share (2018-2023)
7.8.5 Schneider Electric(AutoGrid) Recent Developments/Updates
7.8.6 Schneider Electric(AutoGrid) Competitive Strengths & Weaknesses
7.9 Siemens
7.9.1 Siemens Details
7.9.2 Siemens Major Business
7.9.3 Siemens Virtual Power Plant (VPP) Product and Services
7.9.4 Siemens Virtual Power Plant (VPP) Revenue, Gross Margin and Market Share (2018-2023)
7.9.5 Siemens Recent Developments/Updates
7.9.6 Siemens Competitive Strengths & Weaknesses
7.10 Viridity Energy
7.10.1 Viridity Energy Details
7.10.2 Viridity Energy Major Business
7.10.3 Viridity Energy Virtual Power Plant (VPP) Product and Services
7.10.4 Viridity Energy Virtual Power Plant (VPP) Revenue, Gross Margin and Market Share (2018-2023)
7.10.5 Viridity Energy Recent Developments/Updates
7.10.6 Viridity Energy Competitive Strengths & Weaknesses
7.11 ABB
7.11.1 ABB Details
7.11.2 ABB Major Business
7.11.3 ABB Virtual Power Plant (VPP) Product and Services
7.11.4 ABB Virtual Power Plant (VPP) Revenue, Gross Margin and Market Share (2018-2023)
7.11.5 ABB Recent Developments/Updates
7.11.6 ABB Competitive Strengths & Weaknesses
8 Industry Chain Analysis
8.1 Virtual Power Plant (VPP) Industry Chain
8.2 Virtual Power Plant (VPP) Upstream Analysis
8.3 Virtual Power Plant (VPP) Midstream Analysis
8.4 Virtual Power Plant (VPP) Downstream Analysis
9 Research Findings and Conclusion
10 Appendix
10.1 Methodology
10.2 Research Process and Data Source
10.3 Disclaimer
Table of Figures
List of Tables
Table 1. World Virtual Power Plant (VPP) Revenue by Region (2018, 2022 and 2029) & (USD Million), (by Headquarter Location)
Table 2. World Virtual Power Plant (VPP) Revenue by Region (2018-2023) & (USD Million), (by Headquarter Location)
Table 3. World Virtual Power Plant (VPP) Revenue by Region (2024-2029) & (USD Million), (by Headquarter Location)
Table 4. World Virtual Power Plant (VPP) Revenue Market Share by Region (2018-2023), (by Headquarter Location)
Table 5. World Virtual Power Plant (VPP) Revenue Market Share by Region (2024-2029), (by Headquarter Location)
Table 6. Major Market Trends
Table 7. World Virtual Power Plant (VPP) Consumption Value Growth Rate Forecast by Region (2018 & 2022 & 2029) & (USD Million)
Table 8. World Virtual Power Plant (VPP) Consumption Value by Region (2018-2023) & (USD Million)
Table 9. World Virtual Power Plant (VPP) Consumption Value Forecast by Region (2024-2029) & (USD Million)
Table 10. World Virtual Power Plant (VPP) Revenue by Player (2018-2023) & (USD Million)
Table 11. Revenue Market Share of Key Virtual Power Plant (VPP) Players in 2022
Table 12. World Virtual Power Plant (VPP) Industry Rank of Major Player, Based on Revenue in 2022
Table 13. Global Virtual Power Plant (VPP) Company Evaluation Quadrant
Table 14. Head Office of Key Virtual Power Plant (VPP) Player
Table 15. Virtual Power Plant (VPP) Market: Company Product Type Footprint
Table 16. Virtual Power Plant (VPP) Market: Company Product Application Footprint
Table 17. Virtual Power Plant (VPP) Mergers & Acquisitions Activity
Table 18. United States VS China Virtual Power Plant (VPP) Market Size Comparison, (2018 & 2022 & 2029) & (USD Million)
Table 19. United States VS China Virtual Power Plant (VPP) Consumption Value Comparison, (2018 & 2022 & 2029) & (USD Million)
Table 20. United States Based Virtual Power Plant (VPP) Companies, Headquarters (States, Country)
Table 21. United States Based Companies Virtual Power Plant (VPP) Revenue, (2018-2023) & (USD Million)
Table 22. United States Based Companies Virtual Power Plant (VPP) Revenue Market Share (2018-2023)
Table 23. China Based Virtual Power Plant (VPP) Companies, Headquarters (Province, Country)
Table 24. China Based Companies Virtual Power Plant (VPP) Revenue, (2018-2023) & (USD Million)
Table 25. China Based Companies Virtual Power Plant (VPP) Revenue Market Share (2018-2023)
Table 26. Rest of World Based Virtual Power Plant (VPP) Companies, Headquarters (States, Country)
Table 27. Rest of World Based Companies Virtual Power Plant (VPP) Revenue, (2018-2023) & (USD Million)
Table 28. Rest of World Based Companies Virtual Power Plant (VPP) Revenue Market Share (2018-2023)
Table 29. World Virtual Power Plant (VPP) Market Size by Type, (USD Million), 2018 & 2022 & 2029
Table 30. World Virtual Power Plant (VPP) Market Size by Type (2018-2023) & (USD Million)
Table 31. World Virtual Power Plant (VPP) Market Size by Type (2024-2029) & (USD Million)
Table 32. World Virtual Power Plant (VPP) Market Size by Application, (USD Million), 2018 & 2022 & 2029
Table 33. World Virtual Power Plant (VPP) Market Size by Application (2018-2023) & (USD Million)
Table 34. World Virtual Power Plant (VPP) Market Size by Application (2024-2029) & (USD Million)
Table 35. Ørsted Basic Information, Area Served and Competitors
Table 36. Ørsted Major Business
Table 37. Ørsted Virtual Power Plant (VPP) Product and Services
Table 38. Ørsted Virtual Power Plant (VPP) Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
Table 39. Ørsted Recent Developments/Updates
Table 40. Ørsted Competitive Strengths & Weaknesses
Table 41. Duke Energy Basic Information, Area Served and Competitors
Table 42. Duke Energy Major Business
Table 43. Duke Energy Virtual Power Plant (VPP) Product and Services
Table 44. Duke Energy Virtual Power Plant (VPP) Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
Table 45. Duke Energy Recent Developments/Updates
Table 46. Duke Energy Competitive Strengths & Weaknesses
Table 47. RWE Basic Information, Area Served and Competitors
Table 48. RWE Major Business
Table 49. RWE Virtual Power Plant (VPP) Product and Services
Table 50. RWE Virtual Power Plant (VPP) Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
Table 51. RWE Recent Developments/Updates
Table 52. RWE Competitive Strengths & Weaknesses
Table 53. Generac (Enbala) Basic Information, Area Served and Competitors
Table 54. Generac (Enbala) Major Business
Table 55. Generac (Enbala) Virtual Power Plant (VPP) Product and Services
Table 56. Generac (Enbala) Virtual Power Plant (VPP) Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
Table 57. Generac (Enbala) Recent Developments/Updates
Table 58. Generac (Enbala) Competitive Strengths & Weaknesses
Table 59. Bosch Basic Information, Area Served and Competitors
Table 60. Bosch Major Business
Table 61. Bosch Virtual Power Plant (VPP) Product and Services
Table 62. Bosch Virtual Power Plant (VPP) Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
Table 63. Bosch Recent Developments/Updates
Table 64. Bosch Competitive Strengths & Weaknesses
Table 65. GE Digital Energy Basic Information, Area Served and Competitors
Table 66. GE Digital Energy Major Business
Table 67. GE Digital Energy Virtual Power Plant (VPP) Product and Services
Table 68. GE Digital Energy Virtual Power Plant (VPP) Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
Table 69. GE Digital Energy Recent Developments/Updates
Table 70. GE Digital Energy Competitive Strengths & Weaknesses
Table 71. Enel X Basic Information, Area Served and Competitors
Table 72. Enel X Major Business
Table 73. Enel X Virtual Power Plant (VPP) Product and Services
Table 74. Enel X Virtual Power Plant (VPP) Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
Table 75. Enel X Recent Developments/Updates
Table 76. Enel X Competitive Strengths & Weaknesses
Table 77. Schneider Electric(AutoGrid) Basic Information, Area Served and Competitors
Table 78. Schneider Electric(AutoGrid) Major Business
Table 79. Schneider Electric(AutoGrid) Virtual Power Plant (VPP) Product and Services
Table 80. Schneider Electric(AutoGrid) Virtual Power Plant (VPP) Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
Table 81. Schneider Electric(AutoGrid) Recent Developments/Updates
Table 82. Schneider Electric(AutoGrid) Competitive Strengths & Weaknesses
Table 83. Siemens Basic Information, Area Served and Competitors
Table 84. Siemens Major Business
Table 85. Siemens Virtual Power Plant (VPP) Product and Services
Table 86. Siemens Virtual Power Plant (VPP) Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
Table 87. Siemens Recent Developments/Updates
Table 88. Siemens Competitive Strengths & Weaknesses
Table 89. Viridity Energy Basic Information, Area Served and Competitors
Table 90. Viridity Energy Major Business
Table 91. Viridity Energy Virtual Power Plant (VPP) Product and Services
Table 92. Viridity Energy Virtual Power Plant (VPP) Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
Table 93. Viridity Energy Recent Developments/Updates
Table 94. ABB Basic Information, Area Served and Competitors
Table 95. ABB Major Business
Table 96. ABB Virtual Power Plant (VPP) Product and Services
Table 97. ABB Virtual Power Plant (VPP) Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
Table 98. Global Key Players of Virtual Power Plant (VPP) Upstream (Raw Materials)
Table 99. Virtual Power Plant (VPP) Typical Customers
List of Figure
Figure 1. Virtual Power Plant (VPP) Picture
Figure 2. World Virtual Power Plant (VPP) Total Market Size: 2018 & 2022 & 2029, (USD Million)
Figure 3. World Virtual Power Plant (VPP) Total Market Size (2018-2029) & (USD Million)
Figure 4. World Virtual Power Plant (VPP) Revenue Market Share by Region (2018, 2022 and 2029) & (USD Million) , (by Headquarter Location)
Figure 5. World Virtual Power Plant (VPP) Revenue Market Share by Region (2018-2029), (by Headquarter Location)
Figure 6. United States Based Company Virtual Power Plant (VPP) Revenue (2018-2029) & (USD Million)
Figure 7. China Based Company Virtual Power Plant (VPP) Revenue (2018-2029) & (USD Million)
Figure 8. Europe Based Company Virtual Power Plant (VPP) Revenue (2018-2029) & (USD Million)
Figure 9. Japan Based Company Virtual Power Plant (VPP) Revenue (2018-2029) & (USD Million)
Figure 10. South Korea Based Company Virtual Power Plant (VPP) Revenue (2018-2029) & (USD Million)
Figure 11. ASEAN Based Company Virtual Power Plant (VPP) Revenue (2018-2029) & (USD Million)
Figure 12. India Based Company Virtual Power Plant (VPP) Revenue (2018-2029) & (USD Million)
Figure 13. Virtual Power Plant (VPP) Market Drivers
Figure 14. Factors Affecting Demand
Figure 15. World Virtual Power Plant (VPP) Consumption Value (2018-2029) & (USD Million)
Figure 16. World Virtual Power Plant (VPP) Consumption Value Market Share by Region (2018-2029)
Figure 17. United States Virtual Power Plant (VPP) Consumption Value (2018-2029) & (USD Million)
Figure 18. China Virtual Power Plant (VPP) Consumption Value (2018-2029) & (USD Million)
Figure 19. Europe Virtual Power Plant (VPP) Consumption Value (2018-2029) & (USD Million)
Figure 20. Japan Virtual Power Plant (VPP) Consumption Value (2018-2029) & (USD Million)
Figure 21. South Korea Virtual Power Plant (VPP) Consumption Value (2018-2029) & (USD Million)
Figure 22. ASEAN Virtual Power Plant (VPP) Consumption Value (2018-2029) & (USD Million)
Figure 23. India Virtual Power Plant (VPP) Consumption Value (2018-2029) & (USD Million)
Figure 24. Producer Shipments of Virtual Power Plant (VPP) by Player Revenue ($MM) and Market Share (%): 2022
Figure 25. Global Four-firm Concentration Ratios (CR4) for Virtual Power Plant (VPP) Markets in 2022
Figure 26. Global Four-firm Concentration Ratios (CR8) for Virtual Power Plant (VPP) Markets in 2022
Figure 27. United States VS China: Virtual Power Plant (VPP) Revenue Market Share Comparison (2018 & 2022 & 2029)
Figure 28. United States VS China: Virtual Power Plant (VPP) Consumption Value Market Share Comparison (2018 & 2022 & 2029)
Figure 29. World Virtual Power Plant (VPP) Market Size by Type, (USD Million), 2018 & 2022 & 2029
Figure 30. World Virtual Power Plant (VPP) Market Size Market Share by Type in 2022
Figure 31. OC Model
Figure 32. FM Model
Figure 33. World Virtual Power Plant (VPP) Market Size Market Share by Type (2018-2029)
Figure 34. World Virtual Power Plant (VPP) Market Size by Application, (USD Million), 2018 & 2022 & 2029
Figure 35. World Virtual Power Plant (VPP) Market Size Market Share by Application in 2022
Figure 36. Commercial
Figure 37. Industrial
Figure 38. Residential
Figure 39. Virtual Power Plant (VPP) Industrial Chain
Figure 40. Methodology
Figure 41. Research Process and Data Source
Research Methodology
Client Requirements
Review and analyze client requirements
Discussion of all the project requirements and queries
Flexibility Check
Project Feasibility Analysis
Finalizing tentative research programme
Structuring project proposal with scope, timeline, and costs
Analyzing Market Dynamics
Determination of key drivers, restraints, challenge, and opportunity
Identifies market needs and trends
Market Size Estimation & Forecast
Estimation of historical data based on secondary and primary data
Anticipating market recast by assigning weightage to market forces (drivers, restraints, opportunities)
Freezing historical and forecast market size estimations based on evolution, trends, outlook, and strategies
Consideration of geography, region-specific product/service demand for region segments
Consideration of product utilization rates, product demand outlook for segments by application or end-user.
Data Source
Secondary Source
Data collections from annual reports, presentations,associations, journals, analyst reports,
paid database, press releases, blogs, newsletters,and GIR repositories.
Primary Source
Research discussion with manufacturers, distributors, suppliers, end user, industry experts
to verify insights.
Validation
and
triangulation of
secondary and primary source.
Collection of data
Cumulating and collating the essential qualitative and quantitative data
Generation of report in client requested format by research analysts
Reviews by expert analysts
Final quality check
Clarifying queries
Receiving feedback
Ensuring satisfaction
01 Identification of data
This step involves identification of several primary and secondary data research sources, including Global Info Research's internal data sources. The primary sources consist of in-depth discussions and interviews with policy makers, industry experts, and data evaluators, whereas secondary sources include a thorough study of market journals, press releases, annual reports, and government and non-government agencies websites.
02 Evaluation of Market Dynamic
This phase includes a detailed evaluation of several factors that are likely to affect the market dynamics. It involves a comprehensive assessment of major market pain points, drivers, and trends. It also comprises a detailed study of research plans and methodology.
03 Collection of Data
This process consists of gathering data, accessing proprietary databases, and reaching out to key industry participants that operate in the market across the value chain. It also involves studying several patterns in the historical data and comparing it with the current scenario.
04 Collaboration of Data
This stage involves the validation of data and arrival at actual statistics, and evolution of the market over the years. It entails the study and analyzes various segments and verticals of the market. An impact analysis is also performed to observe which factors will affect the market in the next few years.
05 Verification and Analysis
This is the final stage, which involves both quantity and quality checks. Although the process of data verification is an integral part of the research process, all data points and statistics and figures are re-checked to uphold their authenticity and validity.
Companies Mentioned
Ørsted Duke Energy RWE Generac (Enbala) Bosch GE Digital Energy Enel X Schneider Electric(AutoGrid) Siemens Viridity Energy ABB
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