Europe virtual
power plant market is expected to witness significant growth during the
forecast period. The Europe virtual power plant market is driven by the growing
understanding among government of various countries in the region regarding
high requirement to lessen power outages. Additionally, surging requirement for
renewable sources of energy is propelling the market growth in the region. Progressively
rising affinity for electricity reduction demand, is creating lucrative growth opportunities
in the market.
The Europe virtual
power plant market is segmented based on technology, end user, source,
component, company and region. Based on end user, the market can be categorized
into residential, commercial, and industrial. Here, the industrial segment is
expected to register highest growth in the market during the forecast period,
since the industrial end-users are among the highest adopters of the virtual
power plant setups and services. This can be accredited to the fact that the peak load of the
electricity is highest in various industries such as petroleum, chemical, and paper
& pulp, among others, which has created a productive market for virtual
power plants in the industrial sector. The Europe virtual power plant is further
segmented based on various technologies which include demand response,
distributed energy generation units, and mixed assets. During the forecast
period, mixed assets technology-based virtual power plant is estimated to grow at
a high pace on account of surging demand for prosumers and bidirectional flow
of electricity in the supply chain to meet the surging electricity demand.
Major players
operating in the Europe virtual power plant market include ABB Ltd., AGL Energy,
AutoGrid Systems, Inc., Comverge, Inc., Enbala Power Networks, EnerNOC, Inc., General
Electric Company, Siemens AG, Schneider Electric SE, Limejump Ltd and others. The
market players are adopting various competitive strategies such as mergers
& acquisitions, partnership, agreements in order to expand their geographic
reach and to increase their customer bases.
Years considered
for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2026
Objective of the Study:
- To analyze and estimate the market size of
Europe virtual power plant market from 2016 to 2019.
- To estimate and forecast the market size of
Europe virtual power plant market from 2020 to 2026 and growth rate until 2026.
- To classify and forecast Europe virtual power
plant market based on technology, end user, source, component, company and
regional distribution.
- To identify dominant region or segment in the
Europe virtual power plant market.
- To identify drivers and challenges for Europe virtual
power plant market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in
Europe virtual power plant market.
- To identify and analyze the profile of leading
players operating in Europe virtual power plant market.
- To identify key sustainable strategies adopted
by market players in Europe virtual power plant market.
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TechSci Research performed
both primary as well as exhaustive secondary research for this study.
Initially, TechSci Research sourced a list of manufacturers across the region.
Subsequently, TechSci Research conducted primary research surveys with the
identified companies. While interviewing, the respondents were also enquired
about their competitors. Through this technique, TechSci Research could include
the manufacturers which could not be identified due to the limitations of
secondary research. TechSci Research analyzed the manufacturers, distribution
channels and presence of all major players across the region.
TechSci Research calculated the market size of Europe virtual power plant market using a bottom-up approach, wherein data for various end-user
segments was recorded and forecast for the future years. TechSci Research
sourced these values from the industry experts and company representatives and
externally validated through analyzing historical data of these product types
and applications for getting an appropriate, overall market size. Various
secondary sources such as company websites, news articles, press releases,
company annual reports, investor presentations and financial reports were also
studied by TechSci Research.
Key Target Audience:
- Virtual power plant manufacturers,
suppliers and other stakeholders
- Government bodies such as
regulating authorities and policy makers
- Organizations, forums and
alliances related to virtual power plant
- Market research and
consulting firms
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as manufacturers, suppliers, partners, end users, etc., besides allowing
them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this
report, Europe virtual power plant market has been segmented into
following categories, in addition to the industry trends which have also been
detailed below:
- Europe Virtual Power Plant Market, By Type of
Insurance Provider:
- Demand Response
- Distributed Generation
- Mixed Asset
- Europe Virtual Power Plant Market, By End User:
- Residential
- Commercial
- Industrial
- Europe Virtual Power Plant Market, By Source:
- Renewables
- CHP
- Energy Storage
- Other local Generation
- Europe Virtual Power Plant Market, By Component:
- Europe Virtual Power Plant Market, By Country:
- Germany
- France
- United Kingdom
- Italy
- Rest of Europe
Competitive Landscape
Company Profiles: Detailed analysis of the
major companies present in Europe virtual power plant market.
Available
Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed
analysis and profiling of additional market players (up to five).
Europe virtual power plant market
is an upcoming report to be released soon. If you wish an early delivery of
this report or want to confirm the date of release, please contact us at [email protected]