MIDDLE EAST AND AFRICA VIRTUAL POWER PLANT MARKET 2024-2032

Energy, Power & Utilities | Utilities

MIDDLE EAST AND AFRICA VIRTUAL POWER PLANT MARKET 2024-2032

Market by Technology, End-user, and Country Outlook | Forecast 2024-2032

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Triton’s research report infers that the Middle East and Africa virtual power plant market is estimated to grow with a CAGR of 22.54% in revenue during the 2024-2032 forecasted years.


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The countries analyzed in this region include:

•        United Arab Emirates

•        Turkey

•        Saudi Arabia

•        South Africa

•        Rest of the Middle East & Africa

Countries in the Middle East and Africa had several government initiatives and policy frameworks to promote clean energy production. Similarly, the South African government unveiled the Smart Grid 2030 vision, which has been developed by the South African Smart Grid Initiatives (SASGI) under the auspices of the South African National Energy Development Institute (SANEDI). These factors lead to the growth of the studied market.

The United Arab Emirates (UAE) captures the majority share in the virtual power plant market. This is attributed to the partnership of Dubai Electricity and Water Authority (DEWA) with Enbala to build its first virtual power plant with the help of AI. Through a smart network, the virtual power plant consolidates various energy sources into a single entity, mirroring the output of a traditional power plant to meet electricity needs. Such initiatives widen the scope of the virtual power plant.

The establishment of renewable energy zones in Turkey facilitated significant growth in the power industry. Thus, prominent companies capitalized on this opportunity by investing in renewable energy production, in line with government initiatives aimed at supplying clean energy nationwide. Moreover, incentive programs and a supportive regulatory framework have further encouraged companies to participate in the renewable energy sector, thereby expanding the virtual power plant market’s scope in the country.  

The use of virtual power plants has helped residential consumers to analyze the electricity consumption pattern using prediction models. Their excess consumption can be reduced by using demand response technology, which further helps in balancing the demand-supply gap and optimizing the process. The segments of the market consist of end-user and technology. The end-user segment includes residential, industrial, and commercial.

The companies in the reviewed market are General Electric Company, Next Kraftwerke, ABB Ltd, EnergyHub, Limejump, Autogrid Systems Inc, Generac Grid Services, Sunverge Energy Inc, Cisco Systems Inc, Bosch, Siemens AG, and Enel X.

General Electric Company is a digital industrial corporation offering a wide range of products and services. Its portfolio includes aircraft engines, oil and gas production equipment, medical imaging, household appliances, power generation, as well as business and consumer financing and industrial products. It primarily operates in Africa, Europe, Asia, South America, Australia, and North America. GE is headquartered in Boston, US.


KEY DELIVERABLES OF THE REPORT:

      Market CAGR during the forecasting years 2024-2032

      Detailed data highlighting key insights, industry components, and market strategies

      Comprehensive information and estimation of the virtual power plant market revenue growth in the Middle East and Africa and its influence on the parent market

      In-depth study of forthcoming trends in consumer behavioral patterns

      A meticulous analysis of the competitive landscape and Porter’s Five Forces

      A wide-ranging study of factors that will challenge the Middle East and Africa virtual power plant market’s growth during the upcoming years

Want to get specific insights? Our team of analysts can customize this report based on your preferences. Connect with us here.

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Table of Content

1. MIDDLE EAST AND AFRICA VIRTUAL POWER PLANT MARKET – SUMMARY

2. INDUSTRY OUTLOOK

2.1. IMPACT OF COVID-19 ON THE VIRTUAL POWER PLANT MARKET

2.2. PORTER’S FIVE FORCES ANALYSIS

2.2.1. THREAT OF NEW ENTRANTS

2.2.2. THREAT OF SUBSTITUTES

2.2.3. BARGAINING POWER OF SUPPLIERS

2.2.4. BARGAINING POWER OF BUYERS

2.2.5. THREAT OF COMPETITIVE RIVALRY

2.3. KEY MARKET STRATEGIES

2.3.1. CONTRACTS AND PARTNERSHIPS

2.3.2. BUSINESS EXPANSIONS AND DIVESTITURES

2.3.3. ACQUISITIONS

2.4. MARKET DRIVERS

2.4.1. GROWING FOCUS ON RENEWABLE ENERGY GENERATION

2.4.2. INCREASING PREVALENCE OF DECENTRALIZED POWER GENERATION

2.5. MARKET CHALLENGES

2.5.1. EXTENSIVE CAPITAL REQUIREMENT

2.5.2. LACKING INFRASTRUCTURE AND ISSUES IN INCORPORATING TECHNOLOGY

2.6. ANALYST PERSPECTIVE

3. MIDDLE EAST AND AFRICA VIRTUAL POWER PLANT MARKET - BY TECHNOLOGY

3.1. DEMAND RESPONSE

3.2. DISTRIBUTED GENERATION

3.3. MIXED ASSETS

4. MIDDLE EAST AND AFRICA VIRTUAL POWER PLANT MARKET - BY END-USER

4.1. INDUSTRIAL

4.2. COMMERCIAL

4.3. RESIDENTIAL

5. MIDDLE EAST AND AFRICA VIRTUAL POWER PLANT MARKET – BY COUNTRY OUTLOOK

5.1. COUNTRY ANALYSIS

5.1.1. UNITED ARAB EMIRATES

5.1.2. TURKEY

5.1.3. SAUDI ARABIA

5.1.4. SOUTH AFRICA

5.1.5. REST OF MIDDLE EAST & AFRICA

6. COMPETITIVE LANDSCAPE

6.1. ABB LTD

6.1.1. OVERVIEW

6.1.2. PRODUCT PORTFOLIO

6.1.3. STRENGTHS

6.1.4. CHALLENGE

6.2. AUTOGRID SYSTEMS INC

6.2.1. OVERVIEW

6.2.2. PRODUCT PORTFOLIO

6.2.3. STRENGTHS

6.2.4. CHALLENGE

6.3. ENEL X

6.3.1. OVERVIEW

6.3.2. PRODUCT PORTFOLIO

6.3.3. STRENGTHS

6.3.4. CHALLENGE

6.4. GENERAL ELECTRIC COMPANY

6.4.1. OVERVIEW

6.4.2. PRODUCT PORTFOLIO

6.4.3. STRENGTHS

6.4.4. CHALLENGE

6.5. BOSCH

6.5.1. OVERVIEW

6.5.2. PRODUCT PORTFOLIO

6.5.3. STRENGTHS

6.5.4. CHALLENGE

6.6. NEXT KRAFTWERKE

6.6.1. OVERVIEW

6.6.2. PRODUCT PORTFOLIO

6.6.3. STRENGTHS

6.6.4. CHALLENGE

6.7. GENERAC GRID SERVICES

6.7.1. OVERVIEW

6.7.2. PRODUCT PORTFOLIO

6.7.3. STRENGTHS

6.7.4. CHALLENGE

6.8. SUNVERGE ENERGY INC

6.8.1. OVERVIEW

6.8.2. PRODUCT PORTFOLIO

6.8.3. STRENGTHS

6.8.4. CHALLENGE

6.9. CISCO SYSTEMS INC

6.9.1. OVERVIEW

6.9.2. PRODUCT PORTFOLIO

6.9.3. STRENGTHS

6.9.4. CHALLENGE

6.10. SIEMENS AG

6.10.1. OVERVIEW

6.10.2. PRODUCT PORTFOLIO

6.10.3. STRENGTHS

6.10.4. CHALLENGE

6.11. ENERGYHUB

6.11.1. OVERVIEW

6.11.2. PRODUCT PORTFOLIO

6.12. LIMEJUMP

6.12.1. OVERVIEW

6.12.2. PRODUCT PORTFOLIO

7. RESEARCH METHODOLOGY & SCOPE

7.1. RESEARCH SCOPE & DELIVERABLES

7.1.1. OBJECTIVES OF STUDY

7.1.2. SCOPE OF STUDY

7.2. SOURCES OF DATA

7.2.1. PRIMARY DATA SOURCES

7.2.2. SECONDARY DATA SOURCES

7.3. RESEARCH METHODOLOGY

7.3.1. EVALUATION OF THE PROPOSED MARKET

7.3.2. IDENTIFICATION OF DATA SOURCES

7.3.3. ASSESSMENT OF MARKET DETERMINANTS

7.3.4. DATA COLLECTION

7.3.5. DATA VALIDATION & ANALYSIS

List of Tables

TABLE 1: MIDDLE EAST AND AFRICA VIRTUAL POWER PLANT MARKET, BY COUNTRY OUTLOOK, 2024-2032 (IN $ MILLION)

TABLE 2: LIST OF CONTRACTS AND PARTNERSHIPS

TABLE 3: LIST OF BUSINESS EXPANSIONS AND DIVESTITURES

TABLE 4: LIST OF ACQUISITIONS

TABLE 5: MIDDLE EAST AND AFRICA VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY, 2024-2032 (IN $ MILLION)

TABLE 6: MIDDLE EAST AND AFRICA VIRTUAL POWER PLANT MARKET, BY END-USER, 2024-2032 (IN $ MILLION)

List of Figures

FIGURE 1: PORTER’S FIVE FORCES ANALYSIS

FIGURE 2: MIDDLE EAST AND AFRICA VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY, 2023 & 2032

FIGURE 3: MIDDLE EAST AND AFRICA VIRTUAL POWER PLANT MARKET, BY DEMAND RESPONSE, 2024-2032 (IN $ MILLION)

FIGURE 4: MIDDLE EAST AND AFRICA VIRTUAL POWER PLANT MARKET, BY DISTRIBUTED GENERATION, 2024-2032 (IN $ MILLION)

FIGURE 5: MIDDLE EAST AND AFRICA VIRTUAL POWER PLANT MARKET, BY MIXED ASSETS, 2024-2032 (IN $ MILLION)

FIGURE 6: MIDDLE EAST AND AFRICA VIRTUAL POWER PLANT MARKET, BY END-USER, 2023 & 2032 (IN %)

FIGURE 7: MIDDLE EAST AND AFRICA VIRTUAL POWER PLANT MARKET, BY INDUSTRIAL, 2024-2032 (IN $ MILLION)

FIGURE 8: MIDDLE EAST AND AFRICA VIRTUAL POWER PLANT MARKET, BY COMMERCIAL, 2024-2032 (IN $ MILLION)

FIGURE 9: MIDDLE EAST AND AFRICA VIRTUAL POWER PLANT MARKET, BY RESIDENTIAL, 2024-2032 (IN $ MILLION)

FIGURE 10: UNITED ARAB EMIRATES VIRTUAL POWER PLANT MARKET 2024-2032 (IN $ MILLION)

FIGURE 11: TURKEY VIRTUAL POWER PLANT MARKET 2024-2032 (IN $ MILLION)

FIGURE 12: SAUDI ARABIA VIRTUAL POWER PLANT MARKET 2024-2032 (IN $ MILLION)

FIGURE 13: SOUTH AFRICA VIRTUAL POWER PLANT MARKET 2024-2032 (IN $ MILLION)

FIGURE 14: REST OF MIDDLE EAST & AFRICA VIRTUAL POWER PLANT MARKET 2024-2032 (IN $ MILLION)

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