Virtual Power Plant Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

  • Single User License $3500

Virtual Power Plant Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : October, 2021 | Energy & Mining

Report Digest


Global Virtual Power Plant Market: Overview 

A virtual power plant is set in operation with the objective of releasing load or pressure on grids with the help of intelligent power distribution during peak hours. Power traders can employ the live data generated for enhancing trades and forecasts of renewable energies. Virtual power plants assume the responsibility of a balanced grid and are expected to take over the role of conventional systems, marketing their output in wholesale markets. 

Global Virtual Power Plant Market: Key Trends 

The world virtual power plant market is envisaged to be boosted for a larger growth by the increasing usage of residential energy storage systems and inflating penetration of smart grid technologies. End users can be benefited with power savings and energy efficiency with a heightened value of grid distribution systems made possible by a comprehensive collection of distributed energy resources. Uncertainty and healthy safety concerns on the part of radio frequency emissions by smart meters could check the demand in the world virtual power plant market. 

Howbeit, smart meter radio frequency emissions are already included within the limits of the U.S. Federal Communications Commission (FCC). Moreover, the world virtual power plant market could gain a telling impetus from various enabling technology and end-use customer segments. 

The rising infrastructure industry is prognosticated to help the world virtual power plant market gain a towering demand throughout the forecast period 2017–2025. Incentive programs and government initiatives and mandates pertinent to customer engagement are expected to intensify the growth in the world virtual power plant market. A colossal number of residences is anticipated to accumulate a significant and faster rise for the world virtual power plant market on account of an extensive usage in distributed generation, demand for energy storage systems, and participation in demand response programs. 

Global Virtual Power Plant Market: Market Potential 

By the end of 2018, Anesco, a British developer of renewable energy, will collaborate with aggregated battery network operator Limejump to complete the U.K.’s largest energy storage portfolio capacitating a 185 MW. The announcement follows the recent one about Anesco’s 18.9 MW raise in its active storage portfolio capacity. Limejump chief executive had made a statement which revealed the full breadth of the virtual power plant market to be leveraged by Anesco through the collaboration project. Anesco will also be able to participate in grid balancing schemes as Limejump enables more commercial assets and distributed generators. 

Global Virtual Power Plant Market: Regional Outlook 

Asia Pacific is predicted to be a larger growing geographical segment in the international virtual power plant market for industrial and infrastructure sectors. This could be due to a number of confident steps taken by governments such as India to produce clean energy, including solar, wind, hydro, and other renewable energies, and minimize carbon footprint. 

The international virtual power plant market in emerging countries is envisioned to be advantaged by the growing application of mixed asset technology. For instance, wind mills are researched to find integration with hydro pump storage systems in India to store energy during off-peak times. Moreover, by 2027, India is forecasted to equip a 100 smart cities and 10,000 villages with micro grids while following its smart grid roadmap. 

North America, on the other hand, could dominate the international virtual power plant market with an expansive application in residential as well as industrial and commercial sectors. 

Global Virtual Power Plant Market: Competitive Landscape 

Accounting close to 58.0% of the total developments in the recent past, agreements and contracts are projected to be a commonly acquired business strategy in the global virtual power plant market. Top ranking players such as Flexitricity, Limejump, Comverge, EnerNOC, Inc., and Schneider Electric SE could lead the global virtual power plant market.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?