A virtual power plant (VPP) is a cloud-based distributed power plant that aggregates the capacities of heterogeneous Distributed Energy Resources (DERs) for the purposes of enhancing power generation, as well as trading or selling power on the open market.
This report elaborates the market size, market characteristics, and market growth of the Virtual Power Plant (VPP) industry, and breaks down according to the type, application, and consumption area of Virtual Power Plant (VPP). The report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
In Chapter 3.4 of the report, the impact of the COVID-19 outbreak on the industry was fully assessed. Fully risk assessment and industry recommendations were made for Virtual Power Plant (VPP) in a special period. This chapter also compares the markets of Pre COVID-19 and Post COVID-19.
In addition, chapters 8-12 consider the impact of COVID-19 on the regional economy.
Key players in the global Virtual Power Plant (VPP) market covered in Chapter 13:
ABB
Statkraft
Siemens
GE Digital Energy
ENBALA Power Networks Inc.
Hach Company
In Chapter 6, on the basis of types, the Virtual Power Plant (VPP) market from 2015 to 2025 is primarily split into:
Centralized Controlled VPP
Decentralized Controlled VPP
In Chapter 7, on the basis of applications, the Virtual Power Plant (VPP) market from 2015 to 2025 covers:
Defense
Government
Commercial
Geographically, the detailed analysis of production, trade of the following countries is covered in Chapter 4.2, 5:
United States
Europe
China
Japan
India
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 8, 9, 10, 11, 12:
North America (Covered in Chapter 8)
United States
Canada
Mexico
Europe (Covered in Chapter 9)
Germany
UK
France
Italy
Spain
Others
Asia-Pacific (Covered in Chapter 10)
China
Japan
India
South Korea
Southeast Asia
Others
Middle East and Africa (Covered in Chapter 11)
Saudi Arabia
UAE
South Africa
Others
South America (Covered in Chapter 12)
Brazil
Others
Years considered for this report:
Historical Years: 2015-2019
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2020-2025
Table of Content
1 Virtual Power Plant (VPP) Market - Research Scope
1.1 Study Goals
1.2 Market Definition and Scope
1.3 Key Market Segments
1.4 Study and Forecasting Years
2 Virtual Power Plant (VPP) Market - Research Methodology
2.1 Methodology
2.2 Research Data Source
2.2.1 Secondary Data
2.2.2 Primary Data
2.2.3 Market Size Estimation
2.2.4 Legal Disclaimer
3 Virtual Power Plant (VPP) Market Forces
3.1 Global Virtual Power Plant (VPP) Market Size
3.2 Top Impacting Factors (PESTEL Analysis)
3.2.1 Political Factors
3.2.2 Economic Factors
3.2.3 Social Factors
3.2.4 Technological Factors
3.2.5 Environmental Factors
3.2.6 Legal Factors
3.3 Industry Trend Analysis
3.4 Industry Trends Under COVID-19
3.4.1 Risk Assessment on COVID-19
3.4.2 Assessment of the Overall Impact of COVID-19 on the Industry
3.4.3 Pre COVID-19 and Post COVID-19 Market Scenario
3.5 Industry Risk Assessment
4 Virtual Power Plant (VPP) Market - By Geography
4.1 Global Virtual Power Plant (VPP) Market Value and Market Share by Regions
4.1.1 Global Virtual Power Plant (VPP) Value ($) by Region (2015-2020)
4.1.2 Global Virtual Power Plant (VPP) Value Market Share by Regions (2015-2020)
4.2 Global Virtual Power Plant (VPP) Market Production and Market Share by Major Countries
4.2.1 Global Virtual Power Plant (VPP) Production by Major Countries (2015-2020)
4.2.2 Global Virtual Power Plant (VPP) Production Market Share by Major Countries (2015-2020)
4.3 Global Virtual Power Plant (VPP) Market Consumption and Market Share by Regions
4.3.1 Global Virtual Power Plant (VPP) Consumption by Regions (2015-2020)
4.3.2 Global Virtual Power Plant (VPP) Consumption Market Share by Regions (2015-2020)
5 Virtual Power Plant (VPP) Market - By Trade Statistics
5.1 Global Virtual Power Plant (VPP) Export and Import
5.2 United States Virtual Power Plant (VPP) Export and Import (2015-2020)
5.3 Europe Virtual Power Plant (VPP) Export and Import (2015-2020)
5.4 China Virtual Power Plant (VPP) Export and Import (2015-2020)
5.5 Japan Virtual Power Plant (VPP) Export and Import (2015-2020)
5.6 India Virtual Power Plant (VPP) Export and Import (2015-2020)
5.7
6 Virtual Power Plant (VPP) Market - By Type
6.1 Global Virtual Power Plant (VPP) Production and Market Share by Types (2015-2020)
6.1.1 Global Virtual Power Plant (VPP) Production by Types (2015-2020)
6.1.2 Global Virtual Power Plant (VPP) Production Market Share by Types (2015-2020)
6.2 Global Virtual Power Plant (VPP) Value and Market Share by Types (2015-2020)
6.2.1 Global Virtual Power Plant (VPP) Value by Types (2015-2020)
6.2.2 Global Virtual Power Plant (VPP) Value Market Share by Types (2015-2020)
6.3 Global Virtual Power Plant (VPP) Production, Price and Growth Rate of Centralized Controlled VPP (2015-2020)
6.4 Global Virtual Power Plant (VPP) Production, Price and Growth Rate of Decentralized Controlled VPP (2015-2020)
7 Virtual Power Plant (VPP) Market - By Application
7.1 Global Virtual Power Plant (VPP) Consumption and Market Share by Applications (2015-2020)
7.1.1 Global Virtual Power Plant (VPP) Consumption by Applications (2015-2020)
7.1.2 Global Virtual Power Plant (VPP) Consumption Market Share by Applications (2015-2020)
7.2 Global Virtual Power Plant (VPP) Consumption and Growth Rate of Defense (2015-2020)
7.3 Global Virtual Power Plant (VPP) Consumption and Growth Rate of Government (2015-2020)
7.4 Global Virtual Power Plant (VPP) Consumption and Growth Rate of Commercial (2015-2020)
8 North America Virtual Power Plant (VPP) Market
8.1 North America Virtual Power Plant (VPP) Market Size
8.2 United States Virtual Power Plant (VPP) Market Size
8.3 Canada Virtual Power Plant (VPP) Market Size
8.4 Mexico Virtual Power Plant (VPP) Market Size
8.5 The Influence of COVID-19 on North America Market
9 Europe Virtual Power Plant (VPP) Market Analysis
9.1 Europe Virtual Power Plant (VPP) Market Size
9.2 Germany Virtual Power Plant (VPP) Market Size
9.3 United Kingdom Virtual Power Plant (VPP) Market Size
9.4 France Virtual Power Plant (VPP) Market Size
9.5 Italy Virtual Power Plant (VPP) Market Size
9.6 Spain Virtual Power Plant (VPP) Market Size
9.7 The Influence of COVID-19 on Europe Market
10 Asia-Pacific Virtual Power Plant (VPP) Market Analysis
10.1 Asia-Pacific Virtual Power Plant (VPP) Market Size
10.2 China Virtual Power Plant (VPP) Market Size
10.3 Japan Virtual Power Plant (VPP) Market Size
10.4 South Korea Virtual Power Plant (VPP) Market Size
10.5 Southeast Asia Virtual Power Plant (VPP) Market Size
10.6 India Virtual Power Plant (VPP) Market Size
10.7 The Influence of COVID-19 on Asia Pacific Market
11 Middle East and Africa Virtual Power Plant (VPP) Market Analysis
11.1 Middle East and Africa Virtual Power Plant (VPP) Market Size
11.2 Saudi Arabia Virtual Power Plant (VPP) Market Size
11.3 UAE Virtual Power Plant (VPP) Market Size
11.4 South Africa Virtual Power Plant (VPP) Market Size
11.5 The Influence of COVID-19 on Middle East and Africa Market
12 South America Virtual Power Plant (VPP) Market Analysis
12.1 South America Virtual Power Plant (VPP) Market Size
12.2 Brazil Virtual Power Plant (VPP) Market Size
12.3 The Influence of COVID-19 on South America Market
13 Company Profiles
13.1 ABB
13.1.1 ABB Basic Information
13.1.2 ABB Product Profiles, Application and Specification
13.1.3 ABB Virtual Power Plant (VPP) Market Performance (2015-2020)
13.2 Statkraft
13.2.1 Statkraft Basic Information
13.2.2 Statkraft Product Profiles, Application and Specification
13.2.3 Statkraft Virtual Power Plant (VPP) Market Performance (2015-2020)
13.3 Siemens
13.3.1 Siemens Basic Information
13.3.2 Siemens Product Profiles, Application and Specification
13.3.3 Siemens Virtual Power Plant (VPP) Market Performance (2015-2020)
13.4 GE Digital Energy
13.4.1 GE Digital Energy Basic Information
13.4.2 GE Digital Energy Product Profiles, Application and Specification
13.4.3 GE Digital Energy Virtual Power Plant (VPP) Market Performance (2015-2020)
13.5 ENBALA Power Networks Inc.
13.5.1 ENBALA Power Networks Inc. Basic Information
13.5.2 ENBALA Power Networks Inc. Product Profiles, Application and Specification
13.5.3 ENBALA Power Networks Inc. Virtual Power Plant (VPP) Market Performance (2015-2020)
13.6 Hach Company
13.6.1 Hach Company Basic Information
13.6.2 Hach Company Product Profiles, Application and Specification
13.6.3 Hach Company Virtual Power Plant (VPP) Market Performance (2015-2020)
14 Market Forecast - By Regions
14.1 North America Virtual Power Plant (VPP) Market Forecast (2020-2025)
14.2 Europe Virtual Power Plant (VPP) Market Forecast (2020-2025)
14.3 Asia-Pacific Virtual Power Plant (VPP) Market Forecast (2020-2025)
14.4 Middle East and Africa Virtual Power Plant (VPP) Market Forecast (2020-2025)
14.5 South America Virtual Power Plant (VPP) Market Forecast (2020-2025)
15 Market Forecast - By Type and Applications
15.1 Global Virtual Power Plant (VPP) Market Forecast by Types (2020-2025)
15.1.1 Global Virtual Power Plant (VPP) Market Forecast Production and Market Share by Types (2020-2025)
15.1.2 Global Virtual Power Plant (VPP) Market Forecast Value and Market Share by Types (2020-2025)
15.2 Global Virtual Power Plant (VPP) Market Forecast by Applications (2020-2025)
List of Tables and Figures
Figure Virtual Power Plant (VPP) Picture
Table Virtual Power Plant (VPP) Key Market Segments
Figure Study and Forecasting Years
Figure Global Virtual Power Plant (VPP) Market Size and Growth Rate 2015-2025
Figure Industry PESTEL Analysis
Figure Global COVID-19 Status
Figure Market Size Forecast Comparison of Pre COVID-19 and Post COVID-19
Figure Global Virtual Power Plant (VPP) Value ($) and Growth Rate (2015-2020)
Table Global Virtual Power Plant (VPP) Value ($) by Countries (2015-2020)
Table Global Virtual Power Plant (VPP) Value Market Share by Regions (2015-2020)
Figure Global Virtual Power Plant (VPP) Value Market Share by Regions in 2019
Figure Global Virtual Power Plant (VPP) Production and Growth Rate (2015-2020)
Table Global Virtual Power Plant (VPP) Production by Major Countries (2015-2020)
Table Global Virtual Power Plant (VPP) Production Market Share by Major Countries (2015-2020)
Figure Global Virtual Power Plant (VPP) Production Market Share by Regions in 2019
Figure Global Virtual Power Plant (VPP) Consumption and Growth Rate (2015-2020)
Table Global Virtual Power Plant (VPP) Consumption by Regions (2015-2020)
Table Global Virtual Power Plant (VPP) Consumption Market Share by Regions (2015-2020)
Figure Global Virtual Power Plant (VPP) Consumption Market Share by Regions in 2019
Table Global Virtual Power Plant (VPP) Export Top 3 Country 2019
Table Global Virtual Power Plant (VPP) Import Top 3 Country 2019
Table United States Virtual Power Plant (VPP) Export and Import (2015-2020)
Table Europe Virtual Power Plant (VPP) Export and Import (2015-2020)
Table China Virtual Power Plant (VPP) Export and Import (2015-2020)
Table Japan Virtual Power Plant (VPP) Export and Import (2015-2020)
Table India Virtual Power Plant (VPP) Export and Import (2015-2020)
Table Global Virtual Power Plant (VPP) Production by Types (2015-2020)
Table Global Virtual Power Plant (VPP) Production Market Share by Types (2015-2020)
Figure Global Virtual Power Plant (VPP) Production Share by Type (2015-2020)
Table Global Virtual Power Plant (VPP) Value by Types (2015-2020)
Table Global Virtual Power Plant (VPP) Value Market Share by Types (2015-2020)
Figure Global Virtual Power Plant (VPP) Value Share by Type (2015-2020)
Figure Global Centralized Controlled VPP Production and Growth Rate (2015-2020)
Figure Global Centralized Controlled VPP Price (2015-2020)
Figure Global Decentralized Controlled VPP Production and Growth Rate (2015-2020)
Figure Global Decentralized Controlled VPP Price (2015-2020)
Table Global Virtual Power Plant (VPP) Consumption by Applications (2015-2020)
Table Global Virtual Power Plant (VPP) Consumption Market Share by Applications (2015-2020)
Figure Global Virtual Power Plant (VPP) Consumption Share by Application (2015-2020)
Figure Global Defense Consumption and Growth Rate (2015-2020)
Figure Global Government Consumption and Growth Rate (2015-2020)
Figure Global Commercial Consumption and Growth Rate (2015-2020)
Figure North America Virtual Power Plant (VPP) Market Consumption and Growth Rate (2015-2020)
Table North America Virtual Power Plant (VPP) Consumption by Countries (2015-2020)
Table North America Virtual Power Plant (VPP) Consumption Market Share by Countries (2015-2020)
Figure North America Virtual Power Plant (VPP) Consumption Market Share by Countries (2015-2020)
Figure United States Virtual Power Plant (VPP) Market Consumption and Growth Rate (2015-2020)
Figure Canada Virtual Power Plant (VPP) Market Consumption and Growth Rate (2015-2020)
Figure Mexico Virtual Power Plant (VPP) Market Consumption and Growth Rate (2015-2020)
Figure North America COVID-19 Status
Figure Europe Virtual Power Plant (VPP) Market Consumption and Growth Rate (2015-2020)
Table Europe Virtual Power Plant (VPP) Consumption by Countries (2015-2020)
Table Europe Virtual Power Plant (VPP) Consumption Market Share by Countries (2015-2020)
Figure Europe Virtual Power Plant (VPP) Consumption Market Share by Countries (2015-2020)
Figure Germany Virtual Power Plant (VPP) Market Consumption and Growth Rate (2015-2020)
Figure United Kingdom Virtual Power Plant (VPP) Market Consumption and Growth Rate (2015-2020)
Figure France Virtual Power Plant (VPP) Market Consumption and Growth Rate (2015-2020)
Figure Italy Virtual Power Plant (VPP) Market Consumption and Growth Rate (2015-2020)
Figure Spain Virtual Power Plant (VPP) Market Consumption and Growth Rate (2015-2020)
Figure Europe COVID-19 Status
Figure Asia-Pacific Virtual Power Plant (VPP) Market Consumption and Growth Rate (2015-2020)
Table Asia-Pacific Virtual Power Plant (VPP) Consumption by Countries (2015-2020)
Table Asia-Pacific Virtual Power Plant (VPP) Consumption Market Share by Countries (2015-2020)
Figure Asia-Pacific Virtual Power Plant (VPP) Consumption Market Share by Countries (2015-2020)
Figure China Virtual Power Plant (VPP) Market Consumption and Growth Rate (2015-2020)
Figure Japan Virtual Power Plant (VPP) Market Consumption and Growth Rate (2015-2020)
Figure South Korea Virtual Power Plant (VPP) Market Consumption and Growth Rate (2015-2020)
Figure Southeast Asia Virtual Power Plant (VPP) Market Consumption and Growth Rate (2015-2020)
Figure India Virtual Power Plant (VPP) Market Consumption and Growth Rate (2015-2020)
Figure Asia Pacific COVID-19 Status
Figure Middle East and Africa Virtual Power Plant (VPP) Market Consumption and Growth Rate (2015-2020)
Table Middle East and Africa Virtual Power Plant (VPP) Consumption by Countries (2015-2020)
Table Middle East and Africa Virtual Power Plant (VPP) Consumption Market Share by Countries (2015-2020)
Figure Middle East and Africa Virtual Power Plant (VPP) Consumption Market Share by Countries (2015-2020)
Figure Saudi Arabia Virtual Power Plant (VPP) Market Consumption and Growth Rate (2015-2020)
Figure UAE Virtual Power Plant (VPP) Market Consumption and Growth Rate (2015-2020)
Figure South Africa Virtual Power Plant (VPP) Market Consumption and Growth Rate (2015-2020)
Figure South America Virtual Power Plant (VPP) Market Consumption and Growth Rate (2015-2020)
Table South America Virtual Power Plant (VPP) Consumption by Countries (2015-2020)
Table South America Virtual Power Plant (VPP) Consumption Market Share by Countries (2015-2020)
Figure South America Virtual Power Plant (VPP) Consumption Market Share by Countries (2015-2020)
Figure Brazil Virtual Power Plant (VPP) Market Consumption and Growth Rate (2015-2020)
Table ABB Company Profile
Table ABB Production, Value, Price, Gross Margin 2015-2020
Figure ABB Production and Growth Rate
Figure ABB Value ($) Market Share 2015-2020
Table Statkraft Company Profile
Table Statkraft Production, Value, Price, Gross Margin 2015-2020
Figure Statkraft Production and Growth Rate
Figure Statkraft Value ($) Market Share 2015-2020
Table Siemens Company Profile
Table Siemens Production, Value, Price, Gross Margin 2015-2020
Figure Siemens Production and Growth Rate
Figure Siemens Value ($) Market Share 2015-2020
Table GE Digital Energy Company Profile
Table GE Digital Energy Production, Value, Price, Gross Margin 2015-2020
Figure GE Digital Energy Production and Growth Rate
Figure GE Digital Energy Value ($) Market Share 2015-2020
Table ENBALA Power Networks Inc. Company Profile
Table ENBALA Power Networks Inc. Production, Value, Price, Gross Margin 2015-2020
Figure ENBALA Power Networks Inc. Production and Growth Rate
Figure ENBALA Power Networks Inc. Value ($) Market Share 2015-2020
Table Hach Company Company Profile
Table Hach Company Production, Value, Price, Gross Margin 2015-2020
Figure Hach Company Production and Growth Rate
Figure Hach Company Value ($) Market Share 2015-2020
Figure North America Market Consumption and Growth Rate Forecast (2020-2025)
Figure Europe Market Consumption and Growth Rate Forecast (2020-2025)
Figure Asia-Pacific Market Consumption and Growth Rate Forecast (2020-2025)
Figure Middle East and Africa Market Consumption and Growth Rate Forecast (2020-2025)
Figure South America Market Consumption and Growth Rate Forecast (2020-2025)
Table Global Virtual Power Plant (VPP) Market Forecast Production by Types (2020-2025)
Table Global Virtual Power Plant (VPP) Market Forecast Production Share by Types (2020-2025)
Table Global Virtual Power Plant (VPP) Market Forecast Value ($) by Types (2020-2025)
Table Global Virtual Power Plant (VPP) Market Forecast Value Share by Types (2020-2025)
Table Global Virtual Power Plant (VPP) Market Forecast Consumption by Applications (2020-2025)
Table Global Virtual Power Plant (VPP) Market Forecast Consumption Share by Applications (2020-2025)
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
Historical Data (2015-2019) |
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Influencing Factors |
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Market Forecast (2021-2026) |
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
Market Size |
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Qualitative Analysis |
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
Primary Sources | Parameters | Key Data |
Market Segments(by Application, by Type) |
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Total Market |
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