Global Virtual Power Plant (VPP) Supply, Demand and Key Producers, 2024-2030

Page: 95

Published Date: 08 Mar 2024

Category: Energy & Power

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Description
Table of Contents
Table of Figures
Research Methodology
Companies Mentioned
Related Reports
Product Tags

Description

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.

The global Virtual Power Plant (VPP) market size is expected to reach $ million by 2030, rising at a market growth of CAGR during the forecast period (2024-2030).

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 56%. 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.

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 2023 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, 2019-2030, (USD Million)
Global Virtual Power Plant (VPP) total market by region & country, CAGR, 2019-2030, (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, revenue and market share 2019-2024, (USD Million)
Global Virtual Power Plant (VPP) total market by Type, CAGR, 2019-2030, (USD Million)
Global Virtual Power Plant (VPP) total market by Application, CAGR, 2019-2030, (USD Million)
This report 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, Enbala, Bosch, GE Digital Energy, EnerNOC, Schneider Electric（AutoGrid）, Siemens, Viridity Energy, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

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 2019-2030 by year with 2023 as the base year, 2024 as the estimate year, and 2025-2030 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
    Enbala
    Bosch
    GE Digital Energy
    EnerNOC
    Schneider Electric（AutoGrid）
    Siemens
    Viridity Energy

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 (2019 & 2023 & 2030)
    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 (2019-2030), (by Headquarter Location)
        1.3.2 United States Based Company Virtual Power Plant (VPP) Revenue (2019-2030)
        1.3.3 China Based Company Virtual Power Plant (VPP) Revenue (2019-2030)
        1.3.4 Europe Based Company Virtual Power Plant (VPP) Revenue (2019-2030)
        1.3.5 Japan Based Company Virtual Power Plant (VPP) Revenue (2019-2030)
        1.3.6 South Korea Based Company Virtual Power Plant (VPP) Revenue (2019-2030)
        1.3.7 ASEAN Based Company Virtual Power Plant (VPP) Revenue (2019-2030)
        1.3.8 India Based Company Virtual Power Plant (VPP) Revenue (2019-2030)
    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 Major Market Trends

2 Demand Summary
    2.1 World Virtual Power Plant (VPP) Consumption Value (2019-2030)
    2.2 World Virtual Power Plant (VPP) Consumption Value by Region
        2.2.1 World Virtual Power Plant (VPP) Consumption Value by Region (2019-2024)
        2.2.2 World Virtual Power Plant (VPP) Consumption Value Forecast by Region (2025-2030)
    2.3 United States Virtual Power Plant (VPP) Consumption Value (2019-2030)
    2.4 China Virtual Power Plant (VPP) Consumption Value (2019-2030)
    2.5 Europe Virtual Power Plant (VPP) Consumption Value (2019-2030)
    2.6 Japan Virtual Power Plant (VPP) Consumption Value (2019-2030)
    2.7 South Korea Virtual Power Plant (VPP) Consumption Value (2019-2030)
    2.8 ASEAN Virtual Power Plant (VPP) Consumption Value (2019-2030)
    2.9 India Virtual Power Plant (VPP) Consumption Value (2019-2030)

3 World Virtual Power Plant (VPP) Companies Competitive Analysis
    3.1 World Virtual Power Plant (VPP) Revenue by Player (2019-2024)
    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 2023
        3.2.3 Global Concentration Ratios (CR8) for Virtual Power Plant (VPP) in 2023
    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 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) Revenue Comparison (2019 & 2023 & 2030) (by Headquarter Location)
        4.1.2 United States VS China: Virtual Power Plant (VPP) Revenue Market Share Comparison (2019 & 2023 & 2030)
    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 (2019 & 2023 & 2030)
        4.2.2 United States VS China: Virtual Power Plant (VPP) Consumption Value Market Share Comparison (2019 & 2023 & 2030)
    4.3 United States Based Virtual Power Plant (VPP) Companies and Market Share, 2019-2024
        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, (2019-2024)
    4.4 China Based Companies Virtual Power Plant (VPP) Revenue and Market Share, 2019-2024
        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, (2019-2024)
    4.5 Rest of World Based Virtual Power Plant (VPP) Companies and Market Share, 2019-2024
        4.5.1 Rest of World Based Virtual Power Plant (VPP) Companies, Headquarters (Province, Country)
        4.5.2 Rest of World Based Companies Virtual Power Plant (VPP) Revenue (2019-2024)

5 Market Analysis by Type
    5.1 World Virtual Power Plant (VPP) Market Size Overview by Type: 2019 VS 2023 VS 2030
    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 (2019-2024)
        5.3.2 World Virtual Power Plant (VPP) Market Size by Type (2025-2030)
        5.3.3 World Virtual Power Plant (VPP) Market Size Market Share by Type (2025-2030)

6 Market Analysis by Application
    6.1 World Virtual Power Plant (VPP) Market Size Overview by Application: 2019 VS 2023 VS 2030
    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 (2019-2024)
        6.3.2 World Virtual Power Plant (VPP) Market Size by Application (2025-2030)
        6.3.3 World Virtual Power Plant (VPP) Market Size Market Share by Application (2019-2030)

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 (2019-2024)
        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 (2019-2024)
        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 (2019-2024)
        7.3.5 RWE Recent Developments/Updates
        7.3.6 RWE Competitive Strengths & Weaknesses
    7.4 Enbala
        7.4.1 Enbala Details
        7.4.2 Enbala Major Business
        7.4.3 Enbala Virtual Power Plant (VPP) Product and Services
        7.4.4 Enbala Virtual Power Plant (VPP) Revenue, Gross Margin and Market Share (2019-2024)
        7.4.5 Enbala Recent Developments/Updates
        7.4.6 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 (2019-2024)
        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 (2019-2024)
        7.6.5 GE Digital Energy Recent Developments/Updates
        7.6.6 GE Digital Energy Competitive Strengths & Weaknesses
    7.7 EnerNOC
        7.7.1 EnerNOC Details
        7.7.2 EnerNOC Major Business
        7.7.3 EnerNOC Virtual Power Plant (VPP) Product and Services
        7.7.4 EnerNOC Virtual Power Plant (VPP) Revenue, Gross Margin and Market Share (2019-2024)
        7.7.5 EnerNOC Recent Developments/Updates
        7.7.6 EnerNOC 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 (2019-2024)
        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 (2019-2024)
        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 (2019-2024)
        7.10.5 Viridity Energy Recent Developments/Updates
        7.10.6 Viridity Energy 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 (2019, 2023 and 2030) & (USD Million), (by Headquarter Location)
 Table 2. World Virtual Power Plant (VPP) Revenue by Region (2019-2024) & (USD Million), (by Headquarter Location)
 Table 3. World Virtual Power Plant (VPP) Revenue by Region (2025-2030) & (USD Million), (by Headquarter Location)
 Table 4. World Virtual Power Plant (VPP) Revenue Market Share by Region (2019-2024), (by Headquarter Location)
 Table 5. World Virtual Power Plant (VPP) Revenue Market Share by Region (2025-2030), (by Headquarter Location)
 Table 6. Major Market Trends
 Table 7. World Virtual Power Plant (VPP) Consumption Value Growth Rate Forecast by Region (2019 & 2023 & 2030) & (USD Million)
 Table 8. World Virtual Power Plant (VPP) Consumption Value by Region (2019-2024) & (USD Million)
 Table 9. World Virtual Power Plant (VPP) Consumption Value Forecast by Region (2025-2030) & (USD Million)
 Table 10. World Virtual Power Plant (VPP) Revenue by Player (2019-2024) & (USD Million)
 Table 11. Revenue Market Share of Key Virtual Power Plant (VPP) Players in 2023
 Table 12. World Virtual Power Plant (VPP) Industry Rank of Major Player, Based on Revenue in 2023
 Table 13. Global Virtual Power Plant (VPP) Company Evaluation Quadrant
 Table 14. Head Office of Key Virtual Power Plant (VPP) Players
 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) Revenue Comparison, (2019 & 2023 & 2030) & (USD Million)
 Table 19. United States VS China Virtual Power Plant (VPP) Consumption Value Comparison, (2019 & 2023 & 2030) & (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, (2019-2024) & (USD Million)
 Table 22. United States Based Companies Virtual Power Plant (VPP) Revenue Market Share (2019-2024)
 Table 23. China Based Virtual Power Plant (VPP) Companies, Headquarters (Province, Country)
 Table 24. China Based Companies Virtual Power Plant (VPP) Revenue, (2019-2024) & (USD Million)
 Table 25. China Based Companies Virtual Power Plant (VPP) Revenue Market Share (2019-2024)
 Table 26. Rest of World Based Virtual Power Plant (VPP) Companies, Headquarters (Province, Country)
 Table 27. Rest of World Based Companies Virtual Power Plant (VPP) Revenue (2019-2024) & (USD Million)
 Table 28. Rest of World Based Companies Virtual Power Plant (VPP) Revenue Market Share (2019-2024)
 Table 29. World Virtual Power Plant (VPP) Market Size by Type, (USD Million), 2019 & 2023 & 2030
 Table 30. World Virtual Power Plant (VPP) Market Size Value by Type (2019-2024) & (USD Million)
 Table 31. World Virtual Power Plant (VPP) Market Size by Type (2025-2030) & (USD Million)
 Table 32. World Virtual Power Plant (VPP) Market Size by Application, (USD Million), 2019 & 2023 & 2030
 Table 33. World Virtual Power Plant (VPP) Market Size by Application (2019-2024) & (USD Million)
 Table 34. World Virtual Power Plant (VPP) Market Size by Application (2025-2030) & (USD Million)
 Table 35. Ørsted Basic Information, Manufacturing Base 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 (2019-2024) & (USD Million)
 Table 39. Ørsted Recent Developments/Updates
 Table 40. Ørsted Competitive Strengths & Weaknesses
 Table 41. Duke Energy Basic Information, Manufacturing Base 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 (2019-2024) & (USD Million)
 Table 45. Duke Energy Recent Developments/Updates
 Table 46. Duke Energy Competitive Strengths & Weaknesses
 Table 47. RWE Basic Information, Manufacturing Base 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 (2019-2024) & (USD Million)
 Table 51. RWE Recent Developments/Updates
 Table 52. RWE Competitive Strengths & Weaknesses
 Table 53. Enbala Basic Information, Manufacturing Base and Competitors
 Table 54. Enbala Major Business
 Table 55. Enbala Virtual Power Plant (VPP) Product and Services
 Table 56. Enbala Virtual Power Plant (VPP) Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
 Table 57. Enbala Recent Developments/Updates
 Table 58. Enbala Competitive Strengths & Weaknesses
 Table 59. Bosch Basic Information, Manufacturing Base 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 (2019-2024) & (USD Million)
 Table 63. Bosch Recent Developments/Updates
 Table 64. Bosch Competitive Strengths & Weaknesses
 Table 65. GE Digital Energy Basic Information, Manufacturing Base 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 (2019-2024) & (USD Million)
 Table 69. GE Digital Energy Recent Developments/Updates
 Table 70. GE Digital Energy Competitive Strengths & Weaknesses
 Table 71. EnerNOC Basic Information, Manufacturing Base and Competitors
 Table 72. EnerNOC Major Business
 Table 73. EnerNOC Virtual Power Plant (VPP) Product and Services
 Table 74. EnerNOC Virtual Power Plant (VPP) Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
 Table 75. EnerNOC Recent Developments/Updates
 Table 76. EnerNOC Competitive Strengths & Weaknesses
 Table 77. Schneider Electric（AutoGrid） Basic Information, Manufacturing Base 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 (2019-2024) & (USD Million)
 Table 81. Schneider Electric（AutoGrid） Recent Developments/Updates
 Table 82. Schneider Electric（AutoGrid） Competitive Strengths & Weaknesses
 Table 83. Siemens Basic Information, Manufacturing Base 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 (2019-2024) & (USD Million)
 Table 87. Siemens Recent Developments/Updates
 Table 88. Siemens Competitive Strengths & Weaknesses
 Table 89. Viridity Energy Basic Information, Manufacturing Base 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 (2019-2024) & (USD Million)
 Table 93. Viridity Energy Recent Developments/Updates
 Table 94. Viridity Energy Competitive Strengths & Weaknesses
 Table 95. Global Key Players of Virtual Power Plant (VPP) Upstream (Raw Materials)
 Table 96. Global Virtual Power Plant (VPP) Typical Customers


List of Figures
 Figure 1. Virtual Power Plant (VPP) Picture
 Figure 2. World Virtual Power Plant (VPP) Total Revenue: 2019 & 2023 & 2030, (USD Million)
 Figure 3. World Virtual Power Plant (VPP) Total Revenue (2019-2030) & (USD Million)
 Figure 4. World Virtual Power Plant (VPP) Revenue by Region (2019, 2023 and 2030) & (USD Million), (by Headquarter Location)
 Figure 5. World Virtual Power Plant (VPP) Revenue Market Share by Region (2019-2030), (by Headquarter Location)
 Figure 6. United States Based Company Virtual Power Plant (VPP) Revenue (2019-2030) & (USD Million)
 Figure 7. China Based Company Virtual Power Plant (VPP) Revenue (2019-2030) & (USD Million)
 Figure 8. Europe Based Company Virtual Power Plant (VPP) Revenue (2019-2030) & (USD Million)
 Figure 9. Japan Based Company Virtual Power Plant (VPP) Revenue (2019-2030) & (USD Million)
 Figure 10. South Korea Based Company Virtual Power Plant (VPP) Revenue (2019-2030) & (USD Million)
 Figure 11. ASEAN Based Company Virtual Power Plant (VPP) Revenue (2019-2030) & (USD Million)
 Figure 12. India Based Company Virtual Power Plant (VPP) Revenue (2019-2030) & (USD Million)
 Figure 13. Virtual Power Plant (VPP) Market Drivers
 Figure 14. Factors Affecting Demand
 Figure 15. World Virtual Power Plant (VPP) Consumption Value (2019-2030) & (USD Million)
 Figure 16. World Virtual Power Plant (VPP) Consumption Value Market Share by Region (2019-2030)
 Figure 17. United States Virtual Power Plant (VPP) Consumption Value (2019-2030) & (USD Million)
 Figure 18. China Virtual Power Plant (VPP) Consumption Value (2019-2030) & (USD Million)
 Figure 19. Europe Virtual Power Plant (VPP) Consumption Value (2019-2030) & (USD Million)
 Figure 20. Japan Virtual Power Plant (VPP) Consumption Value (2019-2030) & (USD Million)
 Figure 21. South Korea Virtual Power Plant (VPP) Consumption Value (2019-2030) & (USD Million)
 Figure 22. ASEAN Virtual Power Plant (VPP) Consumption Value (2019-2030) & (USD Million)
 Figure 23. India Virtual Power Plant (VPP) Consumption Value (2019-2030) & (USD Million)
 Figure 24. Producer Shipments of Virtual Power Plant (VPP) by Player Revenue ($MM) and Market Share (%): 2023
 Figure 25. Global Four-firm Concentration Ratios (CR4) for Virtual Power Plant (VPP) Markets in 2023
 Figure 26. Global Four-firm Concentration Ratios (CR8) for Virtual Power Plant (VPP) Markets in 2023
 Figure 27. United States VS China: Virtual Power Plant (VPP) Revenue Market Share Comparison (2019 & 2023 & 2030)
 Figure 28. United States VS China: Virtual Power Plant (VPP) Consumption Value Market Share Comparison (2019 & 2023 & 2030)
 Figure 29. World Virtual Power Plant (VPP) Market Size by Type, (USD Million), 2019 & 2023 & 2030
 Figure 30. World Virtual Power Plant (VPP) Market Size Market Share by Type in 2023
 Figure 31. OC Model
 Figure 32. FM Model
 Figure 33. World Virtual Power Plant (VPP) Market Size Market Share by Type (2019-2030)
 Figure 34. World Virtual Power Plant (VPP) Market Size by Application, (USD Million), 2019 & 2023 & 2030
 Figure 35. World Virtual Power Plant (VPP) Market Size Market Share by Application in 2023
 Figure 36. Commercial
 Figure 37. Industrial
 Figure 38. Residential
 Figure 39. World Virtual Power Plant (VPP) Market Size Market Share by Application (2019-2030)
 Figure 40. Virtual Power Plant (VPP) Industrial Chain
 Figure 41. Methodology
 Figure 42. 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
Enbala
Bosch
GE Digital Energy
EnerNOC
Schneider Electric（AutoGrid）
Siemens
Viridity Energy

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date Energy & Power

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 Virtual Power Plant (VPP) Market 2024 by Company, Regions, Type and Application, Forecast to 2030

Global Virtual Power Plant (VPP) Market 2024 by Company, Regions, Type and Application, Forecast to 2030

date 08 Mar 2024

date Energy & Power

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.

Product Tags

Virtual Power Plant (VPP)

Virtual Power Plant (VPP) System & Software

Virtual Power Plant (VPP) Software as a Service

Purchase Options

Single User License

USD4480.00

Multi User License

USD6720.00

Corporate Users License

USD8960.00

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