EUROPE VIRTUAL POWER PLANT MARKET 2019-2028

Energy, Power & Utilities | Power

EUROPE VIRTUAL POWER PLANT MARKET 2019-2028

Market By Technology, Source, End-user, And Country | Forecast 2019-2028

Request Free Sample

Request Custom Report

Request Custom Report

Enquire before buying

Enquire Before Buying

As per Triton's research report, the Europe virtual power plant market is calculated to gain a CAGR of 20.04% during the given period of 2019-2028.



Report scope can be customized per your requirements. Request For Customization

The countries evaluated in this market comprise:

        The UK

        Spain

        Germany

        Italy

        France

        Russia

        Rest of Europe

In Europe, most of the market share is contributed by Germany, the United Kingdom, and France. Due to the rise in the distributed energy resources, paired with a decentralized power generation model, the demand for virtual power plants in these countries has grown in the last few years. The need to increase energy efficiency in the electrical system and reduce the electricity prices has also generated a demand for virtual power plants in the region.

In the United Kingdom, there is active participation by companies to reach the target of reducing greenhouse emissions by 2050. This requires the generation of renewable energy and grid flexibility to produce electricity. As virtual power plants offer grid flexibility to meet the consumers' electricity demand, the virtual power plant market is likely to advance in the next few years.

Germany is well-known for being the most energy-efficient country for industrial users in this region. The country launched initiatives under the National Action Plan that aims at introducing pilot programs that help in energy saving, technologies to recover waste heat, use of combined heat & power systems, and providing incentives to improve the heating system efficiency. This indicates the country's move towards efficient power generation using renewable energy resources. The virtual power plants’ ability to monitor and store real-time data of energy demand and consumption, paired with maintaining the grid fluctuations, is strengthening their scope in the market.

Siemens is a technology company with a major focus on automation, electrification, and digitization. The company is involved in providing products, solutions, and services for power generation, oil & gas production, medical imaging and laboratory diagnostics, among others. The company's EnergyIP DEMS – Demand Response and Virtual Power Plants are cost-efficient and integrate more renewables that avoid grid extension. They have proved to gain high profitability with energy trading, which has led to an increase in customer loyalty over the years. The company is located in Munich, Germany, with operations spread across other regions.

Related Reports

ASIA PACIFIC DISTRIBUTION TRANSFORMERS MARKET 2019-2027
Energy, Power & Utilities

ASIA PACIFIC DISTRIBUTION TRANSFORMERS MARKET 2019-2027

MARKET BY INSULATION TYPE, MOU ..

VIEW REPORT
ASIA- PACIFIC FUEL CELL MARKET 2019-2027
Energy, Power & Utilities

ASIA- PACIFIC FUEL CELL MARKET 2019-2027

Market By Application, Type An ..

VIEW REPORT
ASIA-PACIFIC AIR POLLUTION CONTROL SYSTEM MARKET 2019-2027
Energy, Power & Utilities

ASIA-PACIFIC AIR POLLUTION CONTROL SYSTEM MARKET 2019-2027

Market By Products, Applicatio ..

VIEW REPORT
ASIA-PACIFIC AIR QUALITY CONTROL SYSTEMS MARKET 2019-2028
Energy, Power & Utilities

ASIA-PACIFIC AIR QUALITY CONTROL SYSTEMS MARKET 2019-2028

Market By Application, Type Of ..

VIEW REPORT
ASIA-PACIFIC BATTERY MARKET 2019-2027
Energy, Power & Utilities

ASIA-PACIFIC BATTERY MARKET 2019-2027

Market By Battery Type, Applic ..

VIEW REPORT
ASIA-PACIFIC BATTERY RECYCLING MARKET 2020-2028
Energy, Power & Utilities

ASIA-PACIFIC BATTERY RECYCLING MARKET 2020-2028

Market By Application, Chemist ..

VIEW REPORT
ASIA-PACIFIC ENERGY HARVESTING MARKET 2020-2028
Energy, Power & Utilities

ASIA-PACIFIC ENERGY HARVESTING MARKET 2020-2028

Market By Source, System, Appl ..

VIEW REPORT
ASIA-PACIFIC FLOATING POWER PLANT MARKET 2019-2027
Energy, Power & Utilities

ASIA-PACIFIC FLOATING POWER PLANT MARKET 2019-2027

Market By Source, Capacity And ..

VIEW REPORT

Table of Content

1. EUROPE VIRTUAL POWER PLANT MARKET - SUMMARY

2. INDUSTRY OUTLOOK

2.1. MARKET DEFINITION

2.2. KEY INSIGHTS

2.2.1. DEMAND LEADS TECHNOLOGY SEGMENT

2.2.2. RISE IN RENEWABLE ENERGY GENERATION TO DRIVE MARKET

2.2.3. INTEGRATION OF BLOCKCHAIN ENHANCES CAPABILITIES OF VIRTUAL POWER PLANTS

2.3. PORTER’S FIVE FORCES ANALYSIS

2.3.1. THREAT OF NEW ENTRANTS

2.3.2. THREAT OF SUBSTITUTE

2.3.3. BARGAINING POWER OF SUPPLIERS

2.3.4. BARGAINING POWER OF BUYERS

2.3.5. THREAT OF COMPETITIVE RIVALRY

2.4. KEY IMPACT ANALYSIS

2.4.1. PRICE

2.4.2. SCALABILITY

2.4.3. TECHNOLOGY

2.4.4. FEASIBILITY

2.5. MARKET ATTRACTIVENESS INDEX

2.6. VENDOR SCORECARD

2.7. INDUSTRY COMPONENTS

2.7.1. POWER PRODUCERS

2.7.2. VIRTUAL POWER PLANT

2.7.3. DIRECTED ENERGY OPERATORS (DSOS)

2.7.4. END-USERS

2.8. REGULATORY FRAMEWORK

2.9. MARKET DRIVERS

2.9.1. GROWING ADOPTION OF DECENTRALIZED POWER GENERATION

2.9.2. INCREASE IN RENEWABLE ENERGY GENERATION

2.9.3. RISE IN TREND OF CLOUD-BASED ENERGY MANAGEMENT SYSTEMS

2.9.4. GOVERNMENT INITIATIVES TO FAVOR MARKET

2.10. MARKET RESTRAINTS

2.10.1. HIGH INITIAL INVESTMENT

2.10.2. LACK OF SKILLED PROFESSIONALS

2.11. MARKET OPPORTUNITIES

2.11.1. GROWTH IN ELECTRIC VEHICLE MARKET TO GENERATE OPPORTUNITIES

2.12. MARKET CHALLENGES

2.12.1. PRIVACY CONCERNS

2.13. IMPACT OF COVID-19 PANDEMIC ON VIRTUAL POWER PLANT MARKET

3. EUROPE VIRTUAL POWER PLANT MARKET OUTLOOK - BY TECHNOLOGY

3.1. DEMAND RESPONSE

3.2. DISTRIBUTED GENERATION

3.3. MIXED ASSETS

4. EUROPE VIRTUAL POWER PLANT MARKET OUTLOOK - BY SOURCE

4.1. DISTRIBUTED ENERGY GENERATION SYSTEM

4.2. ENERGY STORAGE SYSTEM

5. EUROPE VIRTUAL POWER PLANT MARKET OUTLOOK - BY END-USER

5.1. INDUSTRIAL

5.2. COMMERCIAL

5.3. RESIDENTIAL

6. EUROPE VIRTUAL POWER PLANT MARKET - REGIONAL OUTLOOK

6.1. UNITED KINGDOM

6.2. GERMANY

6.3. FRANCE

6.4. SPAIN

6.5. ITALY

6.6. RUSSIA

6.7. REST OF EUROPE

7. COMPETITIVE LANDSCAPE

7.1. ABB LTD

7.2. AUTOGRID SYSTEMS INC

7.3. STATKRAFT

7.4. NEXT KRAFTWERKE

7.5. ENEL X

7.6. GENERAL ELECTRIC

7.7. HITACHI LTD

7.8. FLEXITRICITY LIMITED

7.9. IBM CORPORATION

7.10. OPEN ACCESS TECHNOLOGY INTERNATIONAL INC

7.11. ROBERT BOSCH

7.12. SCHNEIDER ELECTRIC

7.13. SIEMENS

7.14. VIRIDITY ENERGY

7.15. ENBALA

8. METHODOLOGY & SCOPE

8.1. RESEARCH SCOPE & DELIVERABLES

8.2. SOURCES OF DATA

8.3. RESEARCH METHODOLOGY

List of table

TABLE 1. EUROPE VIRTUAL POWER PLANT MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)

TABLE 2. MARKET ATTRACTIVENESS INDEX

TABLE 3. VENDOR SCORECARD

TABLE 4. REGULATORY FRAMEWORK

TABLE 5. EUROPE VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY, 2019-2028 (IN $ MILLION)

TABLE 6. EUROPE VIRTUAL POWER PLANT MARKET, BY SOURCE, 2019-2028 (IN $ MILLION)

TABLE 7. EUROPE VIRTUAL POWER PLANT MARKET, BY END-USER, 2019-2028 (IN $ MILLION)

TABLE 8. EUROPE VIRTUAL POWER PLANT MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)

List of Figures

FIGURE 1. PORTER’S FIVE FORCES ANALYSIS

FIGURE 2. KEY BUYING IMPACT ANALYSIS

FIGURE 3. INDUSTRY COMPONENTS

FIGURE 4. EUROPE VIRTUAL POWER PLANT MARKET, BY DEMAND RESPONSE, 2019-2028 (IN $ MILLION)

FIGURE 5. EUROPE VIRTUAL POWER PLANT MARKET, BY DISTRIBUTED GENERATION, 2019-2028 (IN $ MILLION)

FIGURE 6. EUROPE VIRTUAL POWER PLANT MARKET, BY MIXED ASSETS, 2019-2028 (IN $ MILLION)

FIGURE 7. EUROPE VIRTUAL POWER PLANT MARKET, BY DISTRIBUTED ENERGY GENERATION SYSTEM, 2019-2028 (IN $ MILLION)

FIGURE 8. EUROPE VIRTUAL POWER PLANT MARKET, BY ENERGY STORAGE SYSTEM, 2019-2028 (IN $ MILLION)

FIGURE 9. EUROPE VIRTUAL POWER PLANT MARKET, BY INDUSTRIAL, 2019-2028 (IN $ MILLION)

FIGURE 10. EUROPE VIRTUAL POWER PLANT MARKET, BY COMMERCIAL, 2019-2028 (IN $ MILLION)

FIGURE 11. EUROPE VIRTUAL POWER PLANT MARKET, BY RESIDENTIAL, 2019-2028 (IN $ MILLION)

FIGURE 12. EUROPE VIRTUAL POWER PLANT MARKET, REGIONAL OUTLOOK, 2019 AND 2028 (IN %)

FIGURE 13. UNITED KINGDOM VIRTUAL POWER PLANT MARKET 2019-2028 (IN $ MILLION)

FIGURE 14. GERMANY VIRTUAL POWER PLANT MARKET 2019-2028 (IN $ MILLION)

FIGURE 15. FRANCE VIRTUAL POWER PLANT MARKET 2019-2028 (IN $ MILLION)

FIGURE 16. SPAIN VIRTUAL POWER PLANT MARKET 2019-2028 (IN $ MILLION)

FIGURE 17. ITALY VIRTUAL POWER PLANT MARKET 2019-2028 (IN $ MILLION)

FIGURE 18. RUSSIA VIRTUAL POWER PLANT MARKET 2019-2028 (IN $ MILLION)

FIGURE 19. REST OF EUROPE VIRTUAL POWER PLANT MARKET 2019-2028 (IN $ MILLION)

Purchase Options

  • Licence Type
  • Price
  • User/Sharing
  • Printing
  • Delivery Formats
  • Free customization (Pre-sale)
  • Analyst hour support (Post Sale)
  • Customized notification for newly published report
  • Free report on update (within 180 days)

Single User PDF

$1,500.00

  • User/Sharing
  • Restricted to one authorized user
  • Printing
  • Not printable
  • Delivery Formats
  • Pdf
  • Free customization (Pre-sale)
  • 10% Free customization
  • Analyst hour support (Post Sale)
  • 3 hours
  • Customized notification (newly published)
  • Free report on update (within 180 days)

Enterprise Online/PDF

$2,200.00

  • User/Sharing
  • Unlimited
  • Printing
  • Unlimited
  • Delivery Formats
  • Pdf and market estimation excel
  • Free customization (Pre-sale)
  • 20% Free customization
  • Analyst hour support (Post Sale)
  • 8 hour
  • Customized notification (newly published)
  • Free report on update (within 180 days)

Request free Sample

SUBMIT REQUEST
Request Custom Report

Request Custom Report

Enquire before buying

Enquire Before Buying

;