Market by Technology, End-user, and Country Outlook | Forecast 2024-2032
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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VIEW REPORT1. 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
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)
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)