KEY FINDINGS
The North America virtual power plant market is predicted to showcase a CAGR of 23.39% during the forecast period, 2019-2028. The rising focus on clean energy generation through the use of renewable energy is projected to boost the deployment of virtual power plants for collecting, distributing, and managing, the energy in the region.
MARKET INSIGHTS
The North America virtual power plant market growth is analyzed on the basis of the evaluation of Canada and the United States. The Canadian market growth is driven by government funding with regard to the production of renewable energy. Due to the vastly-spread territories, Canada depends on distributed electricity generation for meeting the electricity demands. The implementation of VPPs would aid the end-users in obtaining continuous electricity supply during peak hours by aggregating distributed generation units within a centralized control unit. The power industry is undergoing substantial information, propelled by technology and innovation. Innovation becomes an urgent need for enhancing the electricity supply network through virtual power plants. The growing distributed electricity generation units also increases the demand for the market studied. The market growth is also supplemented by the rising electricity generation from hydropower and non-hydro renewable sources of electricity generation. Such factors are set to influence the adoption of virtual power plants in Canada.
COMPETITIVE INSIGHTS
Some of the esteemed market players in the market include, Flexitricity Limited, Next Kraftwerke, General Electric, Enel X, IBM Corporation, etc.
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation cater to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
North America Virtual Power Plant Market Forecast 2019-2028
Table of Contents
1. Research Scope & Methodology
1.1. Study Objectives
1.2. Scope Of Study
1.3. Methodology
1.4. Assumptions & Limitations
2. Executive Summary
2.1. Market Size & Estimates
2.2. Market Overview
3. Market Dynamics
3.1. Market Definition
3.2. Key Drivers
3.2.1. Increasing Trends In Adoption Of Decentralized Power Generation
3.2.2. Growth In Renewable Energy Generation
3.2.3. Rising Demand For Cloud Based Energy Management System
3.2.4. Government Initiatives
3.3. Key Restraints
3.3.1. Initial Investment Is High For The Market
3.3.2. Privacy Concerns
4. Key Analytics
4.1. Key Investment Insights
4.2. Porter's Five Force Analysis
4.2.1. Buyer Power
4.2.2. Supplier Power
4.2.3. Substitution
4.2.4. New Entrants
4.2.5. Industry Rivalry
4.3. Opportunity Matrix
4.4. Vendor Landscape
4.5. Value Chain Analysis
4.5.1. Power Producers
4.5.2. Virtual Power Plant
4.5.3. Directed Energy Operators (Dsos)
4.5.4. End-Users
4.6. Key Buying Criteria
4.6.1. Technology
4.6.2. Scalability
4.6.3. Price
4.6.4. Feasibility
4.7. Regulatory Framework
4.8. Impact Of Covid 19 Pandemic On Virtual Power Plant Market
5. Market By Technology
5.1. Demand Response
5.2. Distributed Generation
5.3. Mixed Assets
6. Market Source
6.1. Distributed Energy Generation System
6.2. Energy Storage System
7. Market By End-User
7.1. Industrial
7.2. Commercial
7.3. Residential
8. Geographical Analysis
8.1. North America
8.1.1. United States
8.1.2. Canada
9. Company Profiles
9.1. Abb
9.2. Autogrid Systems Inc
9.3. Statkraft
9.4. Next Kraftwerke
9.5. Enel X
9.6. General Electric
9.7. Hitachi Ltd
9.8. Flexitricity Limited
9.9. Ibm Corporation
9.10. Open Access Technology International Inc
9.11. Robert Bosch
9.12. Schneider Electric
9.13. Siemens
9.14. Viridity Energy
9.15. Enbala
9.16. Tesla
List of Tables
Table 1: Market Snapshot - Virtual Power Plant
Table 2: Regulatory Framework
Table 3: North America Virtual Power Plant Market, By Technology, Historical Years, 2016-2019 (In $ Million)
Table 4: North America Virtual Power Plant Market, By Technology, Forecast Years, 2019-2028 (In $ Million)
Table 5: North America Virtual Power Plant Market, By Source, Historical Years, 2016-2019 (In $ Million)
Table 6: North America Virtual Power Plant Market, By Source, Forecast Years, 2019-2028 (In $ Million)
Table 7: North America Virtual Power Plant Market, By End-User, Historical Years, 2016-2019 (In $ Million)
Table 8: North America Virtual Power Plant Market, By End-User, Forecast Years, 2019-2028 (In $ Million)
Table 9: North America Virtual Power Plant Market, By Country, Historical Years, 2016-2019 (In $ Million)
Table 10: North America Virtual Power Plant Market, By Country, Forecast Years, 2019-2028 (In $ Million)
List of Figures
Figure 1: Key Investment Insights
Figure 2: Porter's Five Force Analysis
Figure 3: Opportunity Matrix
Figure 4: Vendor Landscape
Figure 5: Value Chain Analysis
Figure 6: Key Buying Criteria
Figure 7: North America Virtual Power Plant Market, Growth Potential, By Technology, In 2019
Figure 8: North America Virtual Power Plant Market, By Demand Response, 2019-2028 (In $ Million)
Figure 9: North America Virtual Power Plant Market, By Distributed Generation, 2019-2028 (In $ Million)
Figure 10: North America Virtual Power Plant Market, By Mixed Assets, 2019-2028 (In $ Million)
Figure 11: North America Virtual Power Plant Market, Growth Potential, By Source, In 2019
Figure 12: North America Virtual Power Plant Market, By Distributed Energy Generation System, 2019-2028 (In $ Million)
Figure 13: North America Virtual Power Plant Market, By Energy Storage System, 2019-2028 (In $ Million)
Figure 14: North America Virtual Power Plant Market, Growth Potential, By End-User, In 2019
Figure 15: North America Virtual Power Plant Market, By Industrial, 2019-2028 (In $ Million)
Figure 16: North America Virtual Power Plant Market, By Commercial, 2019-2028 (In $ Million)
Figure 17: North America Virtual Power Plant Market, By Residential, 2019-2028 (In $ Million)
Figure 18: North America Virtual Power Plant Market, Regional Outlook, 2019 & 2028 (In %)
Figure 19: United States Virtual Power Plant Market, 2019-2028 (In $ Million)
Figure 20: Canada Virtual Power Plant Market, 2019-2028 (In $ Million)
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