MIDDLE EAST AND AFRICA VIRTUAL POWER PLANT MARKET 2019-2028

Energy, Power & Utilities | Power

MIDDLE EAST AND AFRICA VIRTUAL POWER PLANT MARKET 2019-2028

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

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As calculated by Triton’s research analysts, the virtual power plant market in the Middle East and Africa is estimated to surge at a compound annual growth rate of 19.64% through the years 2019-2028.



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The countries considered for analysis in this market are:

        The United Arab Emirates

        Turkey

        South Africa

        Saudi Arabia

        Rest of Middle East & Africa

Growing government initiatives and policy frameworks to enhance clean energy production have ultimately boosted the demand for the virtual power plant market in this region. Moreover, the surge in the investments to support renewable energy production also compliments market growth. The production of renewable energy requires evolved transmission and management systems that are adequately fulfilled by the virtual power plants. These factors are displaying a potential expansion of the market in the upcoming years.

For instance, the Dubai Electricity and Water Authority (DEWA) is in partnership with Canada-based Enabala to construct its first virtual power plant. Further, the plant is fueled by artificial intelligence (AI) to widen the emirate’s potential to generate renewable energy. The virtual power plant’s smart network will aggregate the numerous energy sources to generate a single conventional power plant to supply the electricity in Dubai. The implementation of such projects is likely to boost the virtual power plant market during the projected period.

In Turkey, the implementation of renewable energy zones (REZs) has allowed the power industry to grow towards using efficient sources for energy production. Numerous leading companies have invested in renewable energy production to align with government policies to supply clean energy in the country. Additionally, the incentive schemes and regulatory framework have invited more companies to invest in renewable energy production. This is widening the scope and growth of the virtual power plant market.

Robert Bosch is a global establishment trading automotive, consumer, energy, industrial technology, and building technology products. It offers its customers several products, including power tools, heating systems, solar inverters, and security systems. The firm’s Virtual Power Plant Manager provides a single solution for energy trading and grid optimization and other features that will help curb issues relating to energy generation. The company has operations across different regions, including the Middle East and Africa. 

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Table of Content

1. MIDDLE EAST AND AFRICA 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. MARKET DRIVERS

2.8.1. GROWING ADOPTION OF DECENTRALIZED POWER GENERATION

2.8.2. INCREASE IN RENEWABLE ENERGY GENERATION

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

2.8.4. GOVERNMENT INITIATIVES TO FAVOR MARKET

2.9. MARKET RESTRAINTS

2.9.1. HIGH INITIAL INVESTMENT

2.9.2. LACK OF SKILLED PROFESSIONALS

2.10. MARKET OPPORTUNITIES

2.10.1. GROWTH IN ELECTRIC VEHICLE MARKET TO GENERATE OPPORTUNITIES

2.11. MARKET CHALLENGES

2.11.1. PRIVACY CONCERNS

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

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

3.1. DEMAND RESPONSE

3.2. DISTRIBUTED GENERATION

3.3. MIXED ASSETS

4. MIDDLE EAST AND AFRICA VIRTUAL POWER PLANT MARKET OUTLOOK - BY SOURCE

4.1. DISTRIBUTED ENERGY GENERATION SYSTEM

4.2. ENERGY STORAGE SYSTEM

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

5.1. INDUSTRIAL

5.2. COMMERCIAL

5.3. RESIDENTIAL

6. MIDDLE EAST AND AFRICA VIRTUAL POWER PLANT MARKET - REGIONAL OUTLOOK

6.1. UNITED ARAB EMIRATES

6.2. TURKEY

6.3. SAUDI ARABIA

6.4. SOUTH AFRICA

6.5. REST OF MIDDLE EAST & AFRICA

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. MIDDLE EAST AND AFRICA VIRTUAL POWER PLANT MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)

TABLE 2. MARKET ATTRACTIVENESS INDEX

TABLE 3. VENDOR SCORECARD

TABLE 4. MIDDLE EAST AND AFRICA VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY, 2019-2028 (IN $ MILLION)

TABLE 5. MIDDLE EAST AND AFRICA VIRTUAL POWER PLANT MARKET, BY SOURCE, 2019-2028 (IN $ MILLION)

TABLE 6. MIDDLE EAST AND AFRICA VIRTUAL POWER PLANT MARKET, BY END-USER, 2019-2028 (IN $ MILLION)

TABLE 7. MIDDLE EAST AND AFRICA 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. MIDDLE EAST AND AFRICA VIRTUAL POWER PLANT MARKET, BY DEMAND RESPONSE, 2019-2028 (IN $ MILLION)

FIGURE 5. MIDDLE EAST AND AFRICA VIRTUAL POWER PLANT MARKET, BY DISTRIBUTED GENERATION, 2019-2028 (IN $ MILLION)

FIGURE 6. MIDDLE EAST AND AFRICA VIRTUAL POWER PLANT MARKET, BY MIXED ASSETS, 2019-2028 (IN $ MILLION)

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

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

FIGURE 9. MIDDLE EAST AND AFRICA VIRTUAL POWER PLANT MARKET, BY INDUSTRIAL, 2019-2028 (IN $ MILLION)

FIGURE 10. MIDDLE EAST AND AFRICA VIRTUAL POWER PLANT MARKET, BY COMMERCIAL, 2019-2028 (IN $ MILLION)

FIGURE 11. MIDDLE EAST AND AFRICA VIRTUAL POWER PLANT MARKET, BY RESIDENTIAL, 2019-2028 (IN $ MILLION)

FIGURE 12. MIDDLE EAST AND AFRICA VIRTUAL POWER PLANT MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

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

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

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

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

FIGURE 17. REST OF MIDDLE EAST & AFRICA VIRTUAL POWER PLANT MARKET 2019-2028 (IN $ MILLION)

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