EUROPE VIRTUAL POWER PLANT MARKET FORECAST 2019-2028
The Europe virtual power plant market is estimated to grow with a CAGR of 20.98%, over the forecast period of 2019 to 2028. Factors attributed to the region’s market growth include, virtual power plants’ rising popularity, and the increasing distributed energy resources with a decentralized power generation model. The United Kingdom, Finland, Germany, Denmark, France, Italy, and the rest of Europe are included in the Europe virtual power plant market growth analysis.
EUROPE VIRTUAL POWER PLANT MARKET FORECAST 2019-2028
Europe Virtual Power Plant Market by Technology (Demand Response, Distributed Generation, Mixed Assets) by Source (Distributed Energy Generation System, Energy Storage System) by End-user (Industrial, Commercial, Residential) and by Geography.
The Europe virtual power plant market is estimated to grow with a CAGR of 20.98%, over the forecast period of 2019 to 2028. Factors attributed to the region’s market growth include, virtual power plants’ rising popularity, and the increasing distributed energy resources with a decentralized power generation model.
To know more about this report, request a free sample copy
The United Kingdom, Finland, Germany, Denmark, France, Italy, and the rest of Europe are included in the Europe virtual power plant market growth analysis. The United Kingdom’s market is proactively implementing energy performance initiatives to minimize greenhouse gas emissions by 80%, by 2050. However, the rise in renewable energy shares as a predominant power generation source requires grid flexibility. The British grid flexibility can be acquired by virtual plants that aggregate heterogeneous distributed energy sources. These encompass a centralized platform’s battery storage system to satisfy end-users’ electricity demand.
With the surging international competition for clean energy electricity generation, and the need to fulfill electricity demands, the United Kingdom is expanding its growth potential by implementing grid-flexible solutions. Additionally, the nation’s virtual power plant market has also observed rising market penetration from distinguished and local players, like Energy & Meteo Systems and Statkraft. Therefore, these factors are set to augment the region’s market growth, over the forecast years.
Flexitricity, headquartered in the United Kingdom, provides open-market aggregated demand-side services, primarily for electricity system balancing. The company’s asset portfolio includes aggregated short term operating reserve (STOR) and frequency response, post-fault dispatch for distribution networks, and foot-room and demand turn-up, among others. In June 2019, Flexitricity partnered with Anesco to dynamically optimize battery assets.
To request a free sample copy of this report, please complete the form below:
We offer 10% free customization including country-level data, niche applications and competitive landscape with every report.
- RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- SCOPE OF STUDY
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
- EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES
- MARKET OVERVIEW
- MARKET DYNAMICS
- MARKET DEFINITION
- KEY DRIVERS
- INCREASING TRENDS IN ADOPTION OF DECENTRALIZED POWER GENERATION
- GROWTH IN RENEWABLE ENERGY GENERATION
- RISING DEMAND FOR CLOUD BASED ENERGY MANAGEMENT SYSTEM
- GOVERNMENT INITIATIVES
- KEY RESTRAINTS
- INITIAL INVESTMENT IS HIGH FOR THE MARKET
- PRIVACY CONCERNS
- KEY ANALYTICS
- KEY INVESTMENT INSIGHTS
- PORTER’S FIVE FORCE ANALYSIS
- BUYER POWER
- SUPPLIER POWER
- SUBSTITUTION
- NEW ENTRANTS
- INDUSTRY RIVALRY
- OPPORTUNITY MATRIX
- VENDOR LANDSCAPE
- VALUE CHAIN ANALYSIS
- POWER PRODUCERS
- VIRTUAL POWER PLANT
- DIRECTED ENERGY OPERATORS (DSOS)
- END-USERS
- KEY BUYING CRITERIA
- TECHNOLOGY
- SCALABILITY
- PRICE
- FEASIBILITY
- REGULATORY FRAMEWORK
- IMPACT OF COVID 19 PANDEMIC ON VIRTUAL POWER PLANT MARKET
- MARKET BY TECHNOLOGY
- DEMAND RESPONSE
- DISTRIBUTED GENERATION
- MIXED ASSETS
- MARKET SOURCE
- DISTRIBUTED ENERGY GENERATION SYSTEM
- ENERGY STORAGE SYSTEM
- MARKET BY END-USER
- INDUSTRIAL
- COMMERCIAL
- RESIDENTIAL
- GEOGRAPHICAL ANALYSIS
- EUROPE
- UNITED KINGDOM
- GERMANY
- FRANCE
- ITALY
- DENMARK
- FINLAND
- REST OF EUROPE
- EUROPE
- COMPANY PROFILES
- ABB
- AUTOGRID SYSTEMS INC
- STATKRAFT
- NEXT KRAFTWERKE
- ENEL X
- GENERAL ELECTRIC
- HITACHI LTD
- FLEXITRICITY LIMITED
- IBM CORPORATION
- OPEN ACCESS TECHNOLOGY INTERNATIONAL INC
- ROBERT BOSCH
- SCHNEIDER ELECTRIC
- SIEMENS
- VIRIDITY ENERGY
- ENBALA
- TESLA
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT – VIRTUAL POWER PLANT
TABLE 2: REGULATORY FRAMEWORK
TABLE 3: EUROPE VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 4: EUROPE VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY, FORECAST YEARS, 2019-2028 (IN $ MILLION)
TABLE 5: EUROPE VIRTUAL POWER PLANT MARKET, BY SOURCE, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 6: EUROPE VIRTUAL POWER PLANT MARKET, BY SOURCE, FORECAST YEARS, 2019-2028 (IN $ MILLION)
TABLE 7: EUROPE VIRTUAL POWER PLANT MARKET, BY END-USER, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 8: EUROPE VIRTUAL POWER PLANT MARKET, BY END-USER, FORECAST YEARS, 2019-2028 (IN $ MILLION)
TABLE 9: EUROPE VIRTUAL POWER PLANT MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 10: EUROPE 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: EUROPE VIRTUAL POWER PLANT MARKET, GROWTH POTENTIAL, BY TECHNOLOGY, IN 2019
FIGURE 8: EUROPE VIRTUAL POWER PLANT MARKET, BY DEMAND RESPONSE, 2019-2028 (IN $ MILLION)
FIGURE 9: EUROPE VIRTUAL POWER PLANT MARKET, BY DISTRIBUTED GENERATION, 2019-2028 (IN $ MILLION)
FIGURE 10: EUROPE VIRTUAL POWER PLANT MARKET, BY MIXED ASSETS, 2019-2028 (IN $ MILLION)
FIGURE 11: EUROPE VIRTUAL POWER PLANT MARKET, GROWTH POTENTIAL, BY SOURCE, IN 2019
FIGURE 12: EUROPE VIRTUAL POWER PLANT MARKET, BY DISTRIBUTED ENERGY GENERATION SYSTEM, 2019-2028 (IN $ MILLION)
FIGURE 13: EUROPE VIRTUAL POWER PLANT MARKET, BY ENERGY STORAGE SYSTEM, 2019-2028 (IN $ MILLION)
FIGURE 14: EUROPE VIRTUAL POWER PLANT MARKET, GROWTH POTENTIAL, BY END-USER, IN 2019
FIGURE 15: EUROPE VIRTUAL POWER PLANT MARKET, BY INDUSTRIAL, 2019-2028 (IN $ MILLION)
FIGURE 16: EUROPE VIRTUAL POWER PLANT MARKET, BY COMMERCIAL, 2019-2028 (IN $ MILLION)
FIGURE 17: EUROPE VIRTUAL POWER PLANT MARKET, BY RESIDENTIAL, 2019-2028 (IN $ MILLION)
FIGURE 18: EUROPE VIRTUAL POWER PLANT MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)
FIGURE 19: UNITED KINGDOM VIRTUAL POWER PLANT MARKET, 2019-2028 (IN $ MILLION)
FIGURE 20: GERMANY VIRTUAL POWER PLANT MARKET, 2019-2028 (IN $ MILLION)
FIGURE 21: FRANCE VIRTUAL POWER PLANT MARKET, 2019-2028 (IN $ MILLION)
FIGURE 22: ITALY VIRTUAL POWER PLANT MARKET, 2019-2028 (IN $ MILLION)
FIGURE 23: DENMARK VIRTUAL POWER PLANT MARKET, 2019-2028 (IN $ MILLION)
FIGURE 24: FINLAND VIRTUAL POWER PLANT MARKET, 2019-2028 (IN $ MILLION)
FIGURE 25: REST OF EUROPE VIRTUAL POWER PLANT MARKET, 2019-2028 (IN $ MILLION)
- GEOGRAPHICAL ANALYSIS
- EUROPE
- UNITED KINGDOM
- GERMANY
- FRANCE
- ITALY
- DENMARK
- FINLAND
- REST OF EUROPE
- EUROPE
- MARKET BY TECHNOLOGY
- DEMAND RESPONSE
- DISTRIBUTED GENERATION
- MIXED ASSETS
- MARKET SOURCE
- DISTRIBUTED ENERGY GENERATION SYSTEM
- ENERGY STORAGE SYSTEM
- MARKET BY END-USER
- INDUSTRIAL
- COMMERCIAL
- RESIDENTIAL
To request a free sample copy of this report, please complete the form below :
We offer 10% free customization including country-level data, niche applications and competitive landscape with every report.