Search for a report

NORTH AMERICA VIRTUAL POWER PLANT MARKET FORECAST 2019-2028

  • You are here:
  • Home
  • Downloads
  • NORTH AMERICA VIRTUAL POWER PLANT MARKET FORECAST 2019-2028

NORTH AMERICA VIRTUAL POWER PLANT MARKET FORECAST 2019-2028

The North America virtual power plant market is predicted to evolve at a CAGR of 23.39% during the forecast period, 2019-2028. The advancements in technologies, policies regarding greenhouse gas emission reduction, along with large-scale adoption in grid balancing technologies catering to commercial, residential, and industrial consumers, are the factors projected to influence the growth of the market.

NORTH AMERICA VIRTUAL POWER PLANT MARKET FORECAST 2019-2028

North America 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.

Request free sample

The North America virtual power plant market is predicted to evolve at a CAGR of 23.39% during the forecast period, 2019-2028. The advancements in technologies, policies regarding greenhouse gas emission reduction, along with large-scale adoption in grid balancing technologies catering to commercial, residential, and industrial consumers, are the factors projected to influence the growth of the market.
north-america-virtual-power-plant-market

To know more about this report, request a free sample copy

The United States and Canada are analyzed for assessing the growth of the North America virtual power plant market. In the US, the significant adoption of virtual power plants for optimal energy distribution is driving market growth. As per the Yale School of Forestry & Environmental Studies, VPP is increasingly being adopted through strategic linkage of the networks of solar-powered batteries and installation and energy-efficient buildings. The electric generation in the country is through varied sources of energy like renewable, fossil fuels, and nuclear energy sources. In 2018, 17.1% of the total electricity generation came from solar photovoltaic and wind energy sources, according to the US Energy Information Administration. The electric grid of the country is considered as complex. It is yet to incorporate technological advancements in the power industry, as per the US Department of Energy (DOE). The increasing penetration of distributed energy sources is further propelling the adoption of virtual power plants. This is set to minimize the power fluctuations and provide ancillary services like frequency control and voltage control.

General Electric Company is a global digital industrial corporation, offering a vast range of products and services that include aircraft engines, oil & gas production equipment, medical imaging, household appliances, power generation, etc. The company has strong R&D capabilities and operates in areas of Europe, North America, Africa, Australia, etc. The company has its headquarters in Boston, Massachusetts, the US.

To request a free sample copy of this report, please complete the form below:

We offer 10% free customization including country-level data, niche applications and competitive landscape with every report.


    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
      •    NORTH AMERICA
        • UNITED STATES
        • CANADA
    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: NORTH AMERICA VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

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

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

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

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

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

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

    TABLE 10: NORTH AMERICA 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: NORTH AMERICA VIRTUAL POWER PLANT MARKET, GROWTH POTENTIAL, BY TECHNOLOGY, IN 2019

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

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

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

    FIGURE 11: NORTH AMERICA VIRTUAL POWER PLANT MARKET, GROWTH POTENTIAL, BY SOURCE, IN 2019

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

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

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

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

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

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

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

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

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

    1. GEOGRAPHICAL ANALYSIS
      •    NORTH AMERICA
        • UNITED STATES
        • CANADA
    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

    To request a free sample copy of this report, please complete the form below :

    We offer 10% free customization including country-level data, niche applications and competitive landscape with every report.


      Choose License Type

      Buy Now