Market research Future Virtual Power Plant Market 2018. | Page 3

Virtual Power Plant market Research Report- Forecast to 2023
2 Market Overview: -
Global Virtual Power Plant market has been segmented based on technology, end-user, and region. Demand
response segment by technology currently holds the largest share and is expected to hold its dominance in
the virtual power plant market during the forecast period. Demand response is highly lucrative for
investment due to everlasting benefits for end-users and improving the energy efficiency of the grid. Hence,
demand response is expected to show high growth rate. However, the Industrial by end-user held the largest
market share in 2016 and is expected to have the largest share over the forecast period. Industrial end-users
are among the highest adopters of the virtual power plant setups and services and thus provide great
contribution to the market expansion. The peak load of the electricity is the highest in various industries
such as petroleum, paper & pulp, and chemical among others, which has created a productive market for
virtual power plants in the industrial sector.
Scope of the Report
This study provides an overview of the global virtual power plant market, tracking two market segments
across four geographic regions. The report studies key players, providing a five-year annual trend analysis
that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest
of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next
five years for each region. The scope of the study segments the virtual power plant market by its technology,
by end-user and by region.
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By Technology
Distribution Generation
Demand Response
Mixed Asset
By End-User
Commercial
Industrial
Residential
By Regions
North America
Asia Pacific
Europe
Rest of the World
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