Virtual Power Plant (VPP) Market, Global Outlook and Forecast 2022-2028

June 2022 | 62 pages | ID: VE9DE6BD8ED5EN
Market Monitor Global

Abstracts

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 contains market size and forecasts of Virtual Power Plant (VPP) in Global, including the following market information:

Global Virtual Power Plant (VPP) Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global top five companies in 2021 (%)

The global Virtual Power Plant (VPP) market was valued at 621.1 million in 2021 and is projected to reach US$ 2296.3 million by 2028, at a CAGR of 20.5% during the forecast period 2022-2028.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

OC Model Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Virtual Power Plant (VPP) include ?rsted, Duke Energy, RWE, Enbala, Bosch, GE Digital Energy, EnerNOC, Schneider Electric?AutoGrid? and Siemens and etc. In 2021, the global top five players have a share approximately % in terms of revenue.

MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Virtual Power Plant (VPP) companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Virtual Power Plant (VPP) Market, by Type, 2017-2022, 2023-2028 ($ millions)

Global Virtual Power Plant (VPP) Market Segment Percentages, by Type, 2021 (%)

• OC Model
• FM Model

Global Virtual Power Plant (VPP) Market, by Application, 2017-2022, 2023-2028 ($ millions)

Global Virtual Power Plant (VPP) Market Segment Percentages, by Application, 2021 (%)

• Commercial
• Industrial
• Residential

Global Virtual Power Plant (VPP) Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)

Global Virtual Power Plant (VPP) Market Segment Percentages, By Region and Country, 2021 (%)

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• France
• U.K.
• Italy
• Russia
• Nordic Countries
• Benelux
• Rest of Europe
• Asia
• China
• Japan
• South Korea
• Southeast Asia
• India
• Rest of Asia
• South America
• Brazil
• Argentina
• Rest of South America
• Middle East & Africa
• Turkey
• Israel
• Saudi Arabia
• UAE
• Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Virtual Power Plant (VPP) revenues in global market, 2017-2022 (estimated), ($ millions)

Key companies Virtual Power Plant (VPP) revenues share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

• ?rsted
• Duke Energy
• RWE
• Enbala
• Bosch
• GE Digital Energy
• EnerNOC
• Schneider Electric?AutoGrid?
• Siemens
• Viridity Energy

Contents

1 INTRODUCTION TO RESEARCH & ANALYSIS REPORTS

1.1 Virtual Power Plant (VPP) Market Definition
1.2 Market Segments
  1.2.1 Market by Type
  1.2.2 Market by Application
1.3 Global Virtual Power Plant (VPP) Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
  1.5.1 Research Methodology
  1.5.2 Research Process
  1.5.3 Base Year
  1.5.4 Report Assumptions & Caveats

2 GLOBAL VIRTUAL POWER PLANT (VPP) OVERALL MARKET SIZE

2.1 Global Virtual Power Plant (VPP) Market Size: 2021 VS 2028
2.2 Global Virtual Power Plant (VPP) Market Size, Prospects & Forecasts: 2017-2028
2.3 Key Market Trends, Opportunity, Drivers and Restraints
  2.3.1 Market Opportunities & Trends
  2.3.2 Market Drivers
  2.3.3 Market Restraints

3 COMPANY LANDSCAPE

3.1 Top Virtual Power Plant (VPP) Players in Global Market
3.2 Top Global Virtual Power Plant (VPP) Companies Ranked by Revenue
3.3 Global Virtual Power Plant (VPP) Revenue by Companies
3.4 Top 3 and Top 5 Virtual Power Plant (VPP) Companies in Global Market, by Revenue in 2021
3.5 Global Companies Virtual Power Plant (VPP) Product Type
3.6 Tier 1, Tier 2 and Tier 3 Virtual Power Plant (VPP) Players in Global Market
  3.6.1 List of Global Tier 1 Virtual Power Plant (VPP) Companies
  3.6.2 List of Global Tier 2 and Tier 3 Virtual Power Plant (VPP) Companies

4 MARKET SIGHTS BY PRODUCT

4.1 Overview
  4.1.1 by Type - Global Virtual Power Plant (VPP) Market Size Markets, 2021 & 2028
  4.1.2 OC Model
  4.1.3 FM Model
4.2 By Type - Global Virtual Power Plant (VPP) Revenue & Forecasts
  4.2.1 By Type - Global Virtual Power Plant (VPP) Revenue, 2017-2022
  4.2.2 By Type - Global Virtual Power Plant (VPP) Revenue, 2023-2028
  4.2.3 By Type - Global Virtual Power Plant (VPP) Revenue Market Share, 2017-2028

5 SIGHTS BY APPLICATION

5.1 Overview
  5.1.1 By Application - Global Virtual Power Plant (VPP) Market Size, 2021 & 2028
  5.1.2 Commercial
  5.1.3 Industrial
  5.1.4 Residential
5.2 By Application - Global Virtual Power Plant (VPP) Revenue & Forecasts
  5.2.1 By Application - Global Virtual Power Plant (VPP) Revenue, 2017-2022
  5.2.2 By Application - Global Virtual Power Plant (VPP) Revenue, 2023-2028
  5.2.3 By Application - Global Virtual Power Plant (VPP) Revenue Market Share, 2017-2028

6 SIGHTS BY REGION

6.1 By Region - Global Virtual Power Plant (VPP) Market Size, 2021 & 2028
6.2 By Region - Global Virtual Power Plant (VPP) Revenue & Forecasts
  6.2.1 By Region - Global Virtual Power Plant (VPP) Revenue, 2017-2022
  6.2.2 By Region - Global Virtual Power Plant (VPP) Revenue, 2023-2028
  6.2.3 By Region - Global Virtual Power Plant (VPP) Revenue Market Share, 2017-2028
6.3 North America
  6.3.1 By Country - North America Virtual Power Plant (VPP) Revenue, 2017-2028
  6.3.2 US Virtual Power Plant (VPP) Market Size, 2017-2028
  6.3.3 Canada Virtual Power Plant (VPP) Market Size, 2017-2028
  6.3.4 Mexico Virtual Power Plant (VPP) Market Size, 2017-2028
6.4 Europe
  6.4.1 By Country - Europe Virtual Power Plant (VPP) Revenue, 2017-2028
  6.4.2 Germany Virtual Power Plant (VPP) Market Size, 2017-2028
  6.4.3 France Virtual Power Plant (VPP) Market Size, 2017-2028
  6.4.4 U.K. Virtual Power Plant (VPP) Market Size, 2017-2028
  6.4.5 Italy Virtual Power Plant (VPP) Market Size, 2017-2028
  6.4.6 Russia Virtual Power Plant (VPP) Market Size, 2017-2028
  6.4.7 Nordic Countries Virtual Power Plant (VPP) Market Size, 2017-2028
  6.4.8 Benelux Virtual Power Plant (VPP) Market Size, 2017-2028
6.5 Asia
  6.5.1 By Region - Asia Virtual Power Plant (VPP) Revenue, 2017-2028
  6.5.2 China Virtual Power Plant (VPP) Market Size, 2017-2028
  6.5.3 Japan Virtual Power Plant (VPP) Market Size, 2017-2028
  6.5.4 South Korea Virtual Power Plant (VPP) Market Size, 2017-2028
  6.5.5 Southeast Asia Virtual Power Plant (VPP) Market Size, 2017-2028
  6.5.6 India Virtual Power Plant (VPP) Market Size, 2017-2028
6.6 South America
  6.6.1 By Country - South America Virtual Power Plant (VPP) Revenue, 2017-2028
  6.6.2 Brazil Virtual Power Plant (VPP) Market Size, 2017-2028
  6.6.3 Argentina Virtual Power Plant (VPP) Market Size, 2017-2028
6.7 Middle East & Africa
  6.7.1 By Country - Middle East & Africa Virtual Power Plant (VPP) Revenue, 2017-2028
  6.7.2 Turkey Virtual Power Plant (VPP) Market Size, 2017-2028
  6.7.3 Israel Virtual Power Plant (VPP) Market Size, 2017-2028
  6.7.4 Saudi Arabia Virtual Power Plant (VPP) Market Size, 2017-2028
  6.7.5 UAE Virtual Power Plant (VPP) Market Size, 2017-2028

7 PLAYERS PROFILES

7.1 ?rsted
  7.1.1 ?rsted Corporate Summary
  7.1.2 ?rsted Business Overview
  7.1.3 ?rsted Virtual Power Plant (VPP) Major Product Offerings
  7.1.4 ?rsted Virtual Power Plant (VPP) Revenue in Global Market (2017-2022)
  7.1.5 ?rsted Key News
7.2 Duke Energy
  7.2.1 Duke Energy Corporate Summary
  7.2.2 Duke Energy Business Overview
  7.2.3 Duke Energy Virtual Power Plant (VPP) Major Product Offerings
  7.2.4 Duke Energy Virtual Power Plant (VPP) Revenue in Global Market (2017-2022)
  7.2.5 Duke Energy Key News
7.3 RWE
  7.3.1 RWE Corporate Summary
  7.3.2 RWE Business Overview
  7.3.3 RWE Virtual Power Plant (VPP) Major Product Offerings
  7.3.4 RWE Virtual Power Plant (VPP) Revenue in Global Market (2017-2022)
  7.3.5 RWE Key News
7.4 Enbala
  7.4.1 Enbala Corporate Summary
  7.4.2 Enbala Business Overview
  7.4.3 Enbala Virtual Power Plant (VPP) Major Product Offerings
  7.4.4 Enbala Virtual Power Plant (VPP) Revenue in Global Market (2017-2022)
  7.4.5 Enbala Key News
7.5 Bosch
  7.5.1 Bosch Corporate Summary
  7.5.2 Bosch Business Overview
  7.5.3 Bosch Virtual Power Plant (VPP) Major Product Offerings
  7.5.4 Bosch Virtual Power Plant (VPP) Revenue in Global Market (2017-2022)
  7.5.5 Bosch Key News
7.6 GE Digital Energy
  7.6.1 GE Digital Energy Corporate Summary
  7.6.2 GE Digital Energy Business Overview
  7.6.3 GE Digital Energy Virtual Power Plant (VPP) Major Product Offerings
  7.6.4 GE Digital Energy Virtual Power Plant (VPP) Revenue in Global Market (2017-2022)
  7.6.5 GE Digital Energy Key News
7.7 EnerNOC
  7.7.1 EnerNOC Corporate Summary
  7.7.2 EnerNOC Business Overview
  7.7.3 EnerNOC Virtual Power Plant (VPP) Major Product Offerings
  7.7.4 EnerNOC Virtual Power Plant (VPP) Revenue in Global Market (2017-2022)
  7.7.5 EnerNOC Key News
7.8 Schneider Electric?AutoGrid?
  7.8.1 Schneider Electric?AutoGrid? Corporate Summary
  7.8.2 Schneider Electric?AutoGrid? Business Overview
  7.8.3 Schneider Electric?AutoGrid? Virtual Power Plant (VPP) Major Product Offerings
  7.8.4 Schneider Electric?AutoGrid? Virtual Power Plant (VPP) Revenue in Global Market (2017-2022)
  7.8.5 Schneider Electric?AutoGrid? Key News
7.9 Siemens
  7.9.1 Siemens Corporate Summary
  7.9.2 Siemens Business Overview
  7.9.3 Siemens Virtual Power Plant (VPP) Major Product Offerings
  7.9.4 Siemens Virtual Power Plant (VPP) Revenue in Global Market (2017-2022)
  7.9.5 Siemens Key News
7.10 Viridity Energy
  7.10.1 Viridity Energy Corporate Summary
  7.10.2 Viridity Energy Business Overview
  7.10.3 Viridity Energy Virtual Power Plant (VPP) Major Product Offerings
  7.10.4 Viridity Energy Virtual Power Plant (VPP) Revenue in Global Market (2017-2022)
  7.10.5 Viridity Energy Key News

8 CONCLUSION

9 APPENDIX

9.1 Note
9.2 Examples of Clients
9.3 Disclaimer

List Of Tables

LIST OF TABLES

Table 1. Virtual Power Plant (VPP) Market Opportunities & Trends in Global Market
Table 2. Virtual Power Plant (VPP) Market Drivers in Global Market
Table 3. Virtual Power Plant (VPP) Market Restraints in Global Market
Table 4. Key Players of Virtual Power Plant (VPP) in Global Market
Table 5. Top Virtual Power Plant (VPP) Players in Global Market, Ranking by Revenue (2021)
Table 6. Global Virtual Power Plant (VPP) Revenue by Companies, (US$, Mn), 2017-2022
Table 7. Global Virtual Power Plant (VPP) Revenue Share by Companies, 2017-2022
Table 8. Global Companies Virtual Power Plant (VPP) Product Type
Table 9. List of Global Tier 1 Virtual Power Plant (VPP) Companies, Revenue (US$, Mn) in 2021 and Market Share
Table 10. List of Global Tier 2 and Tier 3 Virtual Power Plant (VPP) Companies, Revenue (US$, Mn) in 2021 and Market Share
Table 11. By Type – Global Virtual Power Plant (VPP) Revenue, (US$, Mn), 2021 & 2028
Table 12. By Type - Virtual Power Plant (VPP) Revenue in Global (US$, Mn), 2017-2022
Table 13. By Type - Virtual Power Plant (VPP) Revenue in Global (US$, Mn), 2023-2028
Table 14. By Application – Global Virtual Power Plant (VPP) Revenue, (US$, Mn), 2021 & 2028
Table 15. By Application - Virtual Power Plant (VPP) Revenue in Global (US$, Mn), 2017-2022
Table 16. By Application - Virtual Power Plant (VPP) Revenue in Global (US$, Mn), 2023-2028
Table 17. By Region – Global Virtual Power Plant (VPP) Revenue, (US$, Mn), 2021 & 2028
Table 18. By Region - Global Virtual Power Plant (VPP) Revenue (US$, Mn), 2017-2022
Table 19. By Region - Global Virtual Power Plant (VPP) Revenue (US$, Mn), 2023-2028
Table 20. By Country - North America Virtual Power Plant (VPP) Revenue, (US$, Mn), 2017-2022
Table 21. By Country - North America Virtual Power Plant (VPP) Revenue, (US$, Mn), 2023-2028
Table 22. By Country - Europe Virtual Power Plant (VPP) Revenue, (US$, Mn), 2017-2022
Table 23. By Country - Europe Virtual Power Plant (VPP) Revenue, (US$, Mn), 2023-2028
Table 24. By Region - Asia Virtual Power Plant (VPP) Revenue, (US$, Mn), 2017-2022
Table 25. By Region - Asia Virtual Power Plant (VPP) Revenue, (US$, Mn), 2023-2028
Table 26. By Country - South America Virtual Power Plant (VPP) Revenue, (US$, Mn), 2017-2022
Table 27. By Country - South America Virtual Power Plant (VPP) Revenue, (US$, Mn), 2023-2028
Table 28. By Country - Middle East & Africa Virtual Power Plant (VPP) Revenue, (US$, Mn), 2017-2022
Table 29. By Country - Middle East & Africa Virtual Power Plant (VPP) Revenue, (US$, Mn), 2023-2028
Table 30. ?rsted Corporate Summary
Table 31. ?rsted Virtual Power Plant (VPP) Product Offerings
Table 32. ?rsted Virtual Power Plant (VPP) Revenue (US$, Mn), (2017-2022)
Table 33. Duke Energy Corporate Summary
Table 34. Duke Energy Virtual Power Plant (VPP) Product Offerings
Table 35. Duke Energy Virtual Power Plant (VPP) Revenue (US$, Mn), (2017-2022)
Table 36. RWE Corporate Summary
Table 37. RWE Virtual Power Plant (VPP) Product Offerings
Table 38. RWE Virtual Power Plant (VPP) Revenue (US$, Mn), (2017-2022)
Table 39. Enbala Corporate Summary
Table 40. Enbala Virtual Power Plant (VPP) Product Offerings
Table 41. Enbala Virtual Power Plant (VPP) Revenue (US$, Mn), (2017-2022)
Table 42. Bosch Corporate Summary
Table 43. Bosch Virtual Power Plant (VPP) Product Offerings
Table 44. Bosch Virtual Power Plant (VPP) Revenue (US$, Mn), (2017-2022)
Table 45. GE Digital Energy Corporate Summary
Table 46. GE Digital Energy Virtual Power Plant (VPP) Product Offerings
Table 47. GE Digital Energy Virtual Power Plant (VPP) Revenue (US$, Mn), (2017-2022)
Table 48. EnerNOC Corporate Summary
Table 49. EnerNOC Virtual Power Plant (VPP) Product Offerings
Table 50. EnerNOC Virtual Power Plant (VPP) Revenue (US$, Mn), (2017-2022)
Table 51. Schneider Electric?AutoGrid? Corporate Summary
Table 52. Schneider Electric?AutoGrid? Virtual Power Plant (VPP) Product Offerings
Table 53. Schneider Electric?AutoGrid? Virtual Power Plant (VPP) Revenue (US$, Mn), (2017-2022)
Table 54. Siemens Corporate Summary
Table 55. Siemens Virtual Power Plant (VPP) Product Offerings
Table 56. Siemens Virtual Power Plant (VPP) Revenue (US$, Mn), (2017-2022)
Table 57. Viridity Energy Corporate Summary
Table 58. Viridity Energy Virtual Power Plant (VPP) Product Offerings
Table 59. Viridity Energy Virtual Power Plant (VPP) Revenue (US$, Mn), (2017-2022)

List Of Figures

LIST OF FIGURES

Figure 1. Virtual Power Plant (VPP) Segment by Type in 2021
Figure 2. Virtual Power Plant (VPP) Segment by Application in 2021
Figure 3. Global Virtual Power Plant (VPP) Market Overview: 2021
Figure 4. Key Caveats
Figure 5. Global Virtual Power Plant (VPP) Market Size: 2021 VS 2028 (US$, Mn)
Figure 6. Global Virtual Power Plant (VPP) Revenue, 2017-2028 (US$, Mn)
Figure 7. The Top 3 and 5 Players Market Share by Virtual Power Plant (VPP) Revenue in 2021
Figure 8. By Type - Global Virtual Power Plant (VPP) Revenue Market Share, 2017-2028
Figure 9. By Application - Global Virtual Power Plant (VPP) Revenue Market Share, 2017-2028
Figure 10. By Region - Global Virtual Power Plant (VPP) Revenue Market Share, 2017-2028
Figure 11. By Country - North America Virtual Power Plant (VPP) Revenue Market Share, 2017-2028
Figure 12. US Virtual Power Plant (VPP) Revenue, (US$, Mn), 2017-2028
Figure 13. Canada Virtual Power Plant (VPP) Revenue, (US$, Mn), 2017-2028
Figure 14. Mexico Virtual Power Plant (VPP) Revenue, (US$, Mn), 2017-2028
Figure 15. By Country - Europe Virtual Power Plant (VPP) Revenue Market Share, 2017-2028
Figure 16. Germany Virtual Power Plant (VPP) Revenue, (US$, Mn), 2017-2028
Figure 17. France Virtual Power Plant (VPP) Revenue, (US$, Mn), 2017-2028
Figure 18. U.K. Virtual Power Plant (VPP) Revenue, (US$, Mn), 2017-2028
Figure 19. Italy Virtual Power Plant (VPP) Revenue, (US$, Mn), 2017-2028
Figure 20. Russia Virtual Power Plant (VPP) Revenue, (US$, Mn), 2017-2028
Figure 21. Nordic Countries Virtual Power Plant (VPP) Revenue, (US$, Mn), 2017-2028
Figure 22. Benelux Virtual Power Plant (VPP) Revenue, (US$, Mn), 2017-2028
Figure 23. By Region - Asia Virtual Power Plant (VPP) Revenue Market Share, 2017-2028
Figure 24. China Virtual Power Plant (VPP) Revenue, (US$, Mn), 2017-2028
Figure 25. Japan Virtual Power Plant (VPP) Revenue, (US$, Mn), 2017-2028
Figure 26. South Korea Virtual Power Plant (VPP) Revenue, (US$, Mn), 2017-2028
Figure 27. Southeast Asia Virtual Power Plant (VPP) Revenue, (US$, Mn), 2017-2028
Figure 28. India Virtual Power Plant (VPP) Revenue, (US$, Mn), 2017-2028
Figure 29. By Country - South America Virtual Power Plant (VPP) Revenue Market Share, 2017-2028
Figure 30. Brazil Virtual Power Plant (VPP) Revenue, (US$, Mn), 2017-2028
Figure 31. Argentina Virtual Power Plant (VPP) Revenue, (US$, Mn), 2017-2028
Figure 32. By Country - Middle East & Africa Virtual Power Plant (VPP) Revenue Market Share, 2017-2028
Figure 33. Turkey Virtual Power Plant (VPP) Revenue, (US$, Mn), 2017-2028
Figure 34. Israel Virtual Power Plant (VPP) Revenue, (US$, Mn), 2017-2028
Figure 35. Saudi Arabia Virtual Power Plant (VPP) Revenue, (US$, Mn), 2017-2028
Figure 36. UAE Virtual Power Plant (VPP) Revenue, (US$, Mn), 2017-2028
Figure 37. ?rsted Virtual Power Plant (VPP) Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 38. Duke Energy Virtual Power Plant (VPP) Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 39. RWE Virtual Power Plant (VPP) Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 40. Enbala Virtual Power Plant (VPP) Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 41. Bosch Virtual Power Plant (VPP) Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 42. GE Digital Energy Virtual Power Plant (VPP) Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 43. EnerNOC Virtual Power Plant (VPP) Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 44. Schneider Electric?AutoGrid? Virtual Power Plant (VPP) Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 45. Siemens Virtual Power Plant (VPP) Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 46. Viridity Energy Virtual Power Plant (VPP) Revenue Year Over Year Growth (US$, Mn) & (2017-2022)