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ASIA PACIFIC VIRTUAL POWER PLANT MARKET FORECAST 2019-2028

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ASIA PACIFIC VIRTUAL POWER PLANT MARKET FORECAST 2019-2028

The Asia Pacific virtual power plant market is evaluated to harbor a CAGR of 25.54%, over the forecast years of 2019 to 2028. Rapid urbanization, the growing energy consumption, and the increase in favorable government investments, are accredited to the region’s market growth. The Asia Pacific virtual power plant market growth is determined through the assessment of China, South Korea, Japan, Australia, and the rest of the Asia Pacific.

ASIA PACIFIC VIRTUAL POWER PLANT MARKET FORECAST 2019-2028

Asia Pacific Virtual Power Plant Market by Technology (Demand Response, Distributed Generation, Mixed Assets) by Source (Distributed Energy Generation System, Energy Storage System) by End-user (Industrial, Commercial, Residential) and by Geography.

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The Asia Pacific virtual power plant market is evaluated to harbor a CAGR of 25.54%, over the forecast years of 2019 to 2028. Rapid urbanization, the growing energy consumption, and the increase in favorable government investments, are accredited to the region’s market growth.
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The Asia Pacific virtual power plant market growth is determined through the assessment of China, South Korea, Japan, Australia, and the rest of the Asia Pacific. China’s energy consumption has considerably increased due to urbanization, resulting in increased per capita energy consumption, in the country. Thus, to restrict the rapid rate of increase, China’s government has issued various energy policies. For instance, the standards for energy-efficiency were established in 2016, for electrical appliances and industrial products under the International Energy Agency (IEA).

On the other hand, China is placing added emphasis on energy efficiency improvements through the 13th Five Year Plan (FYP), targeting to save 560 Mtoe of energy, by the plan’s end. Similarly, virtual power plants are estimated to reinforce the country’s growth while entering a new global competitiveness phase across the energy management industry. Besides, to ensure long-term developments and growth, China must keep up with the infrastructure and critical skills, accelerate research and development investments, and promote cross-industry collaboration. Therefore, these factors are expected to influence the region’s virtual power plant market growth.

With its headquarters in Tokyo, Japan, Hitachi Ltd essentially manufactures electronic and electrical products. Its presence extends across sectors such as automotive, information and telecommunications, consumer electronics, construction, finance, and power. The company operates through business segments, namely, high functional materials and components, construction machinery, eco-friendly systems, social infrastructure, and industrial segments, etc.

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • MARKET OVERVIEW
    3. MARKET DYNAMICS
      • MARKET DEFINITION
      •    KEY DRIVERS
        • INCREASING TRENDS IN ADOPTION OF DECENTRALIZED POWER GENERATION
        • GROWTH IN RENEWABLE ENERGY GENERATION
        • RISING DEMAND FOR CLOUD BASED ENERGY MANAGEMENT SYSTEM
        • GOVERNMENT INITIATIVES
      •    KEY RESTRAINTS
        • INITIAL INVESTMENT IS HIGH FOR THE MARKET
        • PRIVACY CONCERNS
    1. KEY ANALYTICS
      • KEY INVESTMENT INSIGHTS
      •    PORTER’S FIVE FORCE ANALYSIS
        • BUYER POWER
        • SUPPLIER POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • VENDOR LANDSCAPE
      •    VALUE CHAIN ANALYSIS
        • POWER PRODUCERS
        • VIRTUAL POWER PLANT
        • DIRECTED ENERGY OPERATORS (DSOS)
        • END-USERS
      •    KEY BUYING CRITERIA
        • TECHNOLOGY
        • SCALABILITY
        • PRICE
        • FEASIBILITY
      • REGULATORY FRAMEWORK
      • IMPACT OF COVID 19 PANDEMIC ON VIRTUAL POWER PLANT MARKET
    2. MARKET BY TECHNOLOGY
      • DEMAND RESPONSE
      • DISTRIBUTED GENERATION
      • MIXED ASSETS
    3. MARKET SOURCE
      • DISTRIBUTED ENERGY GENERATION SYSTEM
      • ENERGY STORAGE SYSTEM
    4. MARKET BY END-USER
      • INDUSTRIAL
      • COMMERCIAL
      • RESIDENTIAL
    5. GEOGRAPHICAL ANALYSIS
      •    ASIA PACIFIC
        • JAPAN
        • AUSTRALIA
        • CHINA
        • SOUTH KOREA
        • REST OF ASIA PACIFIC
    1. COMPANY PROFILES
      • ABB
      • AUTOGRID SYSTEMS INC
      • STATKRAFT
      • NEXT KRAFTWERKE
      • ENEL X
      • GENERAL ELECTRIC
      • HITACHI LTD
      • FLEXITRICITY LIMITED
      • IBM CORPORATION
      • OPEN ACCESS TECHNOLOGY INTERNATIONAL INC
      • ROBERT BOSCH
      • SCHNEIDER ELECTRIC
      • SIEMENS
      • VIRIDITY ENERGY
      • ENBALA
      • TESLA

    LIST OF TABLES

    TABLE 1: MARKET SNAPSHOT – VIRTUAL POWER PLANT

    TABLE 2: REGULATORY FRAMEWORK

    TABLE 3: ASIA PACIFIC VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

    TABLE 4: ASIA PACIFIC VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY, FORECAST YEARS, 2019-2028 (IN $ MILLION)

    TABLE 5: ASIA PACIFIC VIRTUAL POWER PLANT MARKET, BY SOURCE, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

    TABLE 6: ASIA PACIFIC VIRTUAL POWER PLANT MARKET, BY SOURCE, FORECAST YEARS, 2019-2028 (IN $ MILLION)

    TABLE 7: ASIA PACIFIC VIRTUAL POWER PLANT MARKET, BY END-USER, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

    TABLE 8: ASIA PACIFIC VIRTUAL POWER PLANT MARKET, BY END-USER, FORECAST YEARS, 2019-2028 (IN $ MILLION)

    TABLE 9: ASIA PACIFIC VIRTUAL POWER PLANT MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

    TABLE 10: ASIA PACIFIC VIRTUAL POWER PLANT MARKET, BY COUNTRY, FORECAST YEARS, 2019-2028 (IN $ MILLION)

    LIST OF FIGURES 

    FIGURE 1: KEY INVESTMENT INSIGHTS

    FIGURE 2: PORTER’S FIVE FORCE ANALYSIS

    FIGURE 3: OPPORTUNITY MATRIX

    FIGURE 4: VENDOR LANDSCAPE

    FIGURE 5: VALUE CHAIN ANALYSIS

    FIGURE 6: KEY BUYING CRITERIA

    FIGURE 7: ASIA PACIFIC VIRTUAL POWER PLANT MARKET, GROWTH POTENTIAL, BY TECHNOLOGY, IN 2019

    FIGURE 8: ASIA PACIFIC VIRTUAL POWER PLANT MARKET, BY DEMAND RESPONSE, 2019-2028 (IN $ MILLION)

    FIGURE 9: ASIA PACIFIC VIRTUAL POWER PLANT MARKET, BY DISTRIBUTED GENERATION, 2019-2028 (IN $ MILLION)

    FIGURE 10: ASIA PACIFIC VIRTUAL POWER PLANT MARKET, BY MIXED ASSETS, 2019-2028 (IN $ MILLION)

    FIGURE 11: ASIA PACIFIC VIRTUAL POWER PLANT MARKET, GROWTH POTENTIAL, BY SOURCE, IN 2019

    FIGURE 12: ASIA PACIFIC VIRTUAL POWER PLANT MARKET, BY DISTRIBUTED ENERGY GENERATION SYSTEM, 2019-2028 (IN $ MILLION)

    FIGURE 13: ASIA PACIFIC VIRTUAL POWER PLANT MARKET, BY ENERGY STORAGE SYSTEM, 2019-2028 (IN $ MILLION)

    FIGURE 14: ASIA PACIFIC VIRTUAL POWER PLANT MARKET, GROWTH POTENTIAL, BY END-USER, IN 2019

    FIGURE 15: ASIA PACIFIC VIRTUAL POWER PLANT MARKET, BY INDUSTRIAL, 2019-2028 (IN $ MILLION)

    FIGURE 16: ASIA PACIFIC VIRTUAL POWER PLANT MARKET, BY COMMERCIAL, 2019-2028 (IN $ MILLION)

    FIGURE 17: ASIA PACIFIC VIRTUAL POWER PLANT MARKET, BY RESIDENTIAL, 2019-2028 (IN $ MILLION)

    FIGURE 18: ASIA PACIFIC VIRTUAL POWER PLANT MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

    FIGURE 19: JAPAN VIRTUAL POWER PLANT MARKET, 2019-2028 (IN $ MILLION)

    FIGURE 20: AUSTRALIA VIRTUAL POWER PLANT MARKET, 2019-2028 (IN $ MILLION)

    FIGURE 21: CHINA VIRTUAL POWER PLANT MARKET, 2019-2028 (IN $ MILLION)

    FIGURE 22: SOUTH KOREA VIRTUAL POWER PLANT MARKET, 2019-2028 (IN $ MILLION)

    FIGURE 23: REST OF ASIA PACIFIC VIRTUAL POWER PLANT MARKET, 2019-2028 (IN $ MILLION)

    1. GEOGRAPHICAL ANALYSIS
      •    ASIA PACIFIC
        • JAPAN
        • AUSTRALIA
        • CHINA
        • SOUTH KOREA
        • REST OF ASIA PACIFIC
    1. MARKET BY TECHNOLOGY
      • DEMAND RESPONSE
      • DISTRIBUTED GENERATION
      • MIXED ASSETS
    2. MARKET SOURCE
      • DISTRIBUTED ENERGY GENERATION SYSTEM
      • ENERGY STORAGE SYSTEM
    3. MARKET BY END-USER
      • INDUSTRIAL
      • COMMERCIAL
      • RESIDENTIAL

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