The global virtual power plant (VPP) market is expected to grow at a CAGR of around 16.5% during the forecast period, from 2021 to 2030. The VPP market is driven by the need for energy security and sustainability, which are major concerns for governments and businesses across the globe. The VPP market is also driven by increasing demand for renewable energy sources such as solar and wind power, which are more sustainable than fossil fuels.
The global VPP market can be segmented on the basis of type into centralized controlled VPPs and decentralized controlled VPPs; on the basis of application into defense, government, commercial; and on the basis of region into North America, Latin America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA).
Some Of The Growth Factors Of This Market:
- The VPP market is driven by the need for clean and reliable energy sources, which are not available in many regions of the world.
- The VPP market is also driven by the need for more efficient power generation and distribution systems, which can be achieved through a centralized power grid system with distributed generation sources such as solar panels or wind turbines that are connected to it via smart grids or microgrids.
- Increasing awareness about environmental issues such as climate change due to greenhouse gas emissions from fossil fuels used for electricity production have led governments across various countries around the world to invest heavily into renewable energy projects; this has resulted in increased adoption of decentralized power generation technologies such as solar panels and wind turbines that can be connected to a centralized grid system via smart grids or microgrids; this has led to an increase in demand for virtual power plants (VPP).
Industry Growth Insights published a new data on “Virtual Power Plant (VPP) Market”. The research report is titled “Virtual Power Plant (VPP) Market research by Types (Centralized Controlled VPP, Decentralized Controlled VPP), By Applications (Defense, Government, Commercial), By Players/Companies 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”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Virtual Power Plant (VPP) Market Research Report
By Type
Centralized Controlled VPP, Decentralized Controlled VPP
By Application
Defense, Government, Commercial
By Companies
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
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
 Industry Outlook.svg)
Global Virtual Power Plant (VPP) Market Report Segments:
The global Virtual Power Plant (VPP) market is segmented on the basis of:
Types
Centralized Controlled VPP, Decentralized Controlled VPP
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Defense, Government, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- 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
 Market Overview.svg)
Highlights of The Virtual Power Plant (VPP) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Centralized Controlled VPP
- Decentralized Controlled VPP
- By Application:
- Defense
- Government
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Virtual Power Plant (VPP) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A Virtual Power Plant (VPP) is a type of energy management system that helps organizations manage their power usage. It allows users to see how much power they are using, where it is coming from, and how it can be saved. VPPs can also help identify when there may be an issue with the power grid and help plan for potential disruptions.
Some of the major companies in the virtual power plant (vpp) market are 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.
The virtual power plant (vpp) market is expected to grow at a compound annual growth rate of 16.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Virtual Power Plant (VPP) Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Virtual Power Plant (VPP) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Virtual Power Plant (VPP) Market - Supply Chain
4.5. Global Virtual Power Plant (VPP) Market Forecast
4.5.1. Virtual Power Plant (VPP) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Virtual Power Plant (VPP) Market Size (000 Units) and Y-o-Y Growth
4.5.3. Virtual Power Plant (VPP) Market Absolute $ Opportunity
5. Global Virtual Power Plant (VPP) Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Virtual Power Plant (VPP) Market Size and Volume Forecast by Type
5.3.1. Centralized Controlled VPP
5.3.2. Decentralized Controlled VPP
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Virtual Power Plant (VPP) Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Virtual Power Plant (VPP) Market Size and Volume Forecast by Application
6.3.1. Defense
6.3.2. Government
6.3.3. Commercial
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Virtual Power Plant (VPP) Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Virtual Power Plant (VPP) Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Virtual Power Plant (VPP) Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Virtual Power Plant (VPP) Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Virtual Power Plant (VPP) Demand Share Forecast, 2019-2026
9. North America Virtual Power Plant (VPP) Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Virtual Power Plant (VPP) Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Virtual Power Plant (VPP) Market Size and Volume Forecast by Application
9.4.1. Defense
9.4.2. Government
9.4.3. Commercial
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Virtual Power Plant (VPP) Market Size and Volume Forecast by Type
9.7.1. Centralized Controlled VPP
9.7.2. Decentralized Controlled VPP
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Virtual Power Plant (VPP) Demand Share Forecast, 2019-2026
10. Latin America Virtual Power Plant (VPP) Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Virtual Power Plant (VPP) Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Virtual Power Plant (VPP) Market Size and Volume Forecast by Application
10.4.1. Defense
10.4.2. Government
10.4.3. Commercial
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Virtual Power Plant (VPP) Market Size and Volume Forecast by Type
10.7.1. Centralized Controlled VPP
10.7.2. Decentralized Controlled VPP
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Virtual Power Plant (VPP) Demand Share Forecast, 2019-2026
11. Europe Virtual Power Plant (VPP) Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Virtual Power Plant (VPP) Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Virtual Power Plant (VPP) Market Size and Volume Forecast by Application
11.4.1. Defense
11.4.2. Government
11.4.3. Commercial
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Virtual Power Plant (VPP) Market Size and Volume Forecast by Type
11.7.1. Centralized Controlled VPP
11.7.2. Decentralized Controlled VPP
11.8. Basis Point Share (BPS) Analysis by Type
11.9 Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Virtual Power Plant (VPP) Demand Share, 2019-2026
12. Asia Pacific Virtual Power Plant (VPP) Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Virtual Power Plant (VPP) Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Virtual Power Plant (VPP) Market Size and Volume Forecast by Application
12.4.1. Defense
12.4.2. Government
12.4.3. Commercial
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Virtual Power Plant (VPP) Market Size and Volume Forecast by Type
12.7.1. Centralized Controlled VPP
12.7.2. Decentralized Controlled VPP
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Virtual Power Plant (VPP) Demand Share, 2019-2026
13. Middle East & Africa Virtual Power Plant (VPP) Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Virtual Power Plant (VPP) Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Virtual Power Plant (VPP) Market Size and Volume Forecast by Application
13.4.1. Defense
13.4.2. Government
13.4.3. Commercial
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Virtual Power Plant (VPP) Market Size and Volume Forecast by Type
13.7.1. Centralized Controlled VPP
13.7.2. Decentralized Controlled VPP
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Virtual Power Plant (VPP) Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Virtual Power Plant (VPP) Market: Market Share Analysis
14.2. Virtual Power Plant (VPP) Distributors and Customers
14.3. Virtual Power Plant (VPP) Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. DONG Energy
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Duke Energy
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. RWE
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Alstom Grid
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Bosch
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. GE Digital Energy
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. IBM
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Schneider Electric
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Siemens
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. ENBALA Power Networks
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Joule Assets
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Power Analytics
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Power Assure
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Spirae
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Ventyx/ABB
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Viridity Energy
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Comverge
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Consert
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Cooper Power Systems/Eaton
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Customized Energy Solutions
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
