Global Virtual Power Plant Industry

Global Virtual Power Plant Industry

  • October 2019 •
  • 114 pages •
  • Report ID: 5799928 •
  • Format: PDF
Virtual Power Plant market worldwide is projected to grow by US$1.5 Billion, driven by a compounded growth of 28.6%. Demand Response, one of the segments analyzed and sized in this study, displays the potential to grow at over 29.5%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$1.2 Billion by the year 2025, Demand Response will bring in healthy gains adding significant momentum to global growth.

- Representing the developed world, the United States will maintain a 31.9% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$47.1 Million to the region’s size and clout in the next 5 to 6 years. Over US$70.4 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Demand Response will reach a market size of US$81.6 Million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 27.4% over the next couple of years and add approximately US$252.2 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

- Competitors identified in this market include, among others, ABB Group; Autogrid Systems, Inc.; Blue Pillar, Inc.; Cisco Systems, Inc.; Cpower; Enbala Power Networks, Inc.; EnerNOC, Inc.; Flexitricity Limited; General Electric Company; Hitachi Ltd.; IBM Corporation; Limejump Ltd.; Next Kraftwerke GmbH; Open Access Technology International, Inc. (OATI); Osisoft, LLC.; Power Analytics Corporation; Robert Bosch GmbH; Schneider Electric SA; Siemens AG; Sunverge Energy, Inc.; Toshiba Corporation; Upside Energy, Ltd.