NORTH AMERICA VIRTUAL POWER PLANT MARKET 2019-2028

Energy, Power & Utilities | Power

NORTH AMERICA VIRTUAL POWER PLANT MARKET 2019-2028

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

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Triton's report has determined that the North America virtual power plant market is projected to grow at a CAGR of 22.15% in the evaluated years 2019-2028.



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The countries scrutinized in this market are:

        United States

        Canada

In the United States, the market is mainly driven by the implementation of virtual power plants to optimize efficient energy distribution and decrease energy wastage. The country houses several companies that are involved in the production of renewable energies. Moreover, these companies have supported the utilities to lower energy demand during peak hours by supplying electricity produced by renewable energy.

As per the US Department of Energy (DOE), the country has a complicated electrical grid that fails to match with the technological advancement in the power sector. However, the integration of virtual power plants to the electrical grid provides the ability to tackle the inconsistency of power generation from distributed energy resources. This is largely moving the virtual power plant on a growth path.

The Canada virtual power plant (VPP) market is largely directed by government funding to boost renewable energy production. Since the country's population is widely spread over three territories, there is a high dependence on distributed electricity generation to meet the electricity demands. Several companies in the industry have also shifted from having centralized power systems to technology-based distributed power generation. These factors are creating favorable conditions for the growth of the VPP market.

Enel X is a supplier of cloud-based energy intelligence software and services to various enterprises. It deals in distributed generation and microgrids, energy infrastructure, energy storage systems, and advisory and energy intelligence software. The company's virtual power plant is based on a cloud system that totals the capacities of heterogeneous DERs to increase the rate of power generation and also trade the electricity in the market. Enel X operates in various regions and is headquartered in the United States.

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Table of Content

1. NORTH AMERICA 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. NORTH AMERICA VIRTUAL POWER PLANT MARKET OUTLOOK - BY TECHNOLOGY

3.1. DEMAND RESPONSE

3.2. DISTRIBUTED GENERATION

3.3. MIXED ASSETS

4. NORTH AMERICA VIRTUAL POWER PLANT MARKET OUTLOOK - BY SOURCE

4.1. DISTRIBUTED ENERGY GENERATION SYSTEM

4.2. ENERGY STORAGE SYSTEM

5. NORTH AMERICA VIRTUAL POWER PLANT MARKET OUTLOOK - BY END-USER

5.1. INDUSTRIAL

5.2. COMMERCIAL

5.3. RESIDENTIAL

6. NORTH AMERICA VIRTUAL POWER PLANT MARKET - REGIONAL OUTLOOK

6.1. UNITED STATES

6.2. CANADA

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. NORTH AMERICA 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. NORTH AMERICA VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY, 2019-2028 (IN $ MILLION)

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

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

TABLE 8. NORTH AMERICA 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. NORTH AMERICA VIRTUAL POWER PLANT MARKET, BY DEMAND RESPONSE, 2019-2028 (IN $ MILLION)

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

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

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

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

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

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

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

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

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

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

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