出版：MarketsandMarkets（マーケッツアンドマーケッツ） 出版年月：2024年1月
Virtual Power Plant Market – Global Forecast to 2029
仮想発電所(VPP)市場 : テクノロジー（デマンドレスポンス、サプライサイド、複合資産）、垂直（商業、産業、住宅）、供給源（再生可能エネルギー、貯蔵、コージェネレーション）、提供内容＆地域別 – 2029年までの世界予測
Virtual Power Plant Market by Technology (Demand Response, Supply Side, Mixed Asset), Vertical (Commercial, Industrial, Residential), Source (Renewable Energy, Storage, Cogeneration), Offering, & Region- Global Forecast to 2029
| ページ数 | 194 |
| 図表数 | 245 |
| 種別 | 英文調査報告書 |
| 価格 |
世界の仮想発電所(VPP)市場は、2024年中には19億ドル規模になることが見込まれ、2024年から2029年の予測期間にCAGR23.4％で成長し、2029年までに55億ドルに達するとMarketsandMarketsでは予測しています。
MarketsandMarkets（マーケッツアンドマーケッツ）「仮想発電所(VPP)市場 : テクノロジー（デマンドレスポンス、サプライサイド、複合資産）、垂直（商業、産業、住宅）、供給源（再生可能エネルギー、貯蔵、コージェネレーション）、提供内容＆地域別 – 2029年までの世界予測 – Virtual Power Plant Market by Technology (Demand Response, Supply Side, Mixed Asset), Vertical (Commercial, Industrial, Residential), Source (Renewable Energy, Storage, Cogeneration), Offering, & Region- Global Forecast to 2029」は世界の仮想発電所（バーチャルパワーステーション／VPP）市場を調査し、主要セグメント毎に分析・予測を行っています。
主な調査対象セグメント
- 技術
- 需要応答（デマンドレスポンス）
- サプライサイド
- 複合資産
- オファリング
- ハードウェア
- ソフトウェア
- サービス
- 垂直市場
- 商用
- 産業
- 住宅
- エネルギー源
- 再生可能エネルギー
- 貯蔵
- コジェネレーション（熱電併給）
- 地域
- アジア太平洋地域
- 欧州
- 北米
- 中東＆アフリカ
- 南米
Report Overview
The global virtual power plant (VPP) market is forecast to reach USD 5.5 billion by 2029 from an estimated USD 1.9 billion in 2024, at a CAGR of 23.4% during the forecast period (2024-2029).
The rise in the demand for decarbonization of power distribution systems, and need to mitigate impact of intermittent renewable sources is driving the market.
“Mixed Asset: The second largest segment of the virtual power plant market, by technology.”
Based on technology, the virtual power plant market has been split into three types: Demand Response, Supply Side, and Mixed Asset. Mixed Asset is expected to be the second largest segment in the market. A mixed asset virtual power plant (VPP) is a sophisticated energy system that integrates both demand-side and supply-side resources to optimize energy consumption and production, resulting in a highly flexible energy system. These features are driving the market for mixed asset segment.
“Industrial segment is expected to emerge as the second-fastest segment based on vertical.”
Based on vertical, the virtual power plant market has been segmented into commercial, industrial, and residential. In the industrial sector, revolutionizing the way industrial facilities manage their energy consumption. These sophisticated systems aggregate diverse distributed energy resources (DERs), encompassing both renewable and fuel-based units, allowing industrial facilities to actively participate in energy exchange markets and optimize their energy usage dynamically. These factors are driving the segment making it as the second-fastest segment in the market.
“Asia Pacific is expected to be the fastest region in the virtual power plant market.”
Asia Pacific is expected to be the fastest region in the virtual power plant markets between 2024–2029. The market in Asia Pacific comprises Australia, South Korea, Japan, Rest of Asia Pacific countries. The growth of the VPP market in the Asia Pacific region is largely supported by strong government backing for clean energy initiatives, as well as the region’s well-established power grids that are favorable for VPP and renewable energy integration. The ongoing development of VPP infrastructure is aligned with the region’s commitment to meet the growing energy demands.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1- 45%, Tier 2- 30%, and Tier 3- 25%
By Designation: C-Level- 35%, Director Levels- 25%, and Others- 40%
By Region: North America- 33%, Europe- 27%, Asia Pacific- 20%, the Middle East & Africa- 12%, and South America- 8%
Note: Others include product engineers, product specialists, and engineering leads.
Note: The tiers of the companies are defined on the basis of their total revenues as of 2021. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million
The virtual power plant market is dominated by a few major players that have a wide regional presence. The leading players in the refinery and petrochemical filtration market are Siemens (Germany), Schneider Electric (France), General Electric (US), Shell (UK), Tesla (US).
Research Coverage:
The report defines, describes, and forecasts the global Virtual power plant market, by type, by component, by voltage, by servces, end user and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the virtual power plant market.
Key Benefits of Buying the Report
• Seamless integration with renewable sources such as solar and wind, Need to mitigate impact of intermittent renewable sources, and decarbonization of power distribution systems to drive the demand. Factors such as Requirement of high investments to deploy monitoring and control systems and predictive analysis hinder market growth. Increasing installation of smart grids offer lucrative opportunities in this market. Integration of different hardware and software components in VPPs, Cybersecurity threats due to use of digital infrastructure and communication networks are major challenges faced by countries in this market.
• Product Development/ Innovation: The trends such as the integration of AI and ML algorithms is a pivotal trend in VPP development. These technologies contribute to the optimization of energy generation and consumption, boosting efficiency and cost-effectiveness. VPPs dynamically optimize their performance by employing real-time data analysis, ensuring responsiveness to varying energy demands and supply conditions. Secured data connections, often facilitated through wireless channels, form the backbone of VPP communication. This infrastructure enables the transmission of control commands and data between the central control system and connected assets in real time, allowing for effective monitoring and performance analysis.
• Market Development: The development of virtual power plant is essential to achieve shared goals for energy security, economic development, and climate change mitigation. Smart grids enable increased demand response and energy efficiency, integration of variable renewable energy resources into the power grid infrastructure while reducing peak demand and stabilizing the electricity system.
• Market Diversification: Schnedier Electric’s VPP4 Islands is a 4-year project aiming to smoothen the integration of renewable generation systems, promote the transition to smarter and cleaner energy, and help islands exploit different approaches to energy efficiency and innovative storage.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Siemens (Germany), Schneider Electric (France), General Electric (US), Shell (UK), Tesla (US) among others in the virtual power plant market.
Table of Contents
1 INTRODUCTION 30
1.1 STUDY OBJECTIVES 30
1.2 MARKET DEFINITION 30
1.2.1 INCLUSIONS AND EXCLUSIONS 31
1.3 STUDY SCOPE 32
1.3.1 MARKETS COVERED 32
1.3.2 REGIONAL SCOPE 32
1.3.3 YEARS CONSIDERED 33
1.4 UNITS CONSIDERED 33
1.5 CURRENCY CONSIDERED 33
1.6 LIMITATIONS 33
1.7 STAKEHOLDERS 34
1.8 SUMMARY OF CHANGES 34
1.9 IMPACT OF RECESSION 34
2 RESEARCH METHODOLOGY 35
2.1 RESEARCH DATA 35
FIGURE 1 VIRTUAL POWER PLANT MARKET: RESEARCH DESIGN 35
2.2 DATA TRIANGULATION 36
FIGURE 2 DATA TRIANGULATION 36
2.2.1 SECONDARY DATA 36
2.2.1.1 List of major secondary sources 37
2.2.1.2 Key data from secondary sources 37
2.2.2 PRIMARY DATA 37
2.2.2.1 Key data from primary sources 38
2.2.2.2 Key industry insights 38
2.2.2.3 Breakdown of primaries 38
2.3 MARKET SIZE ESTIMATION 39
2.3.1 BOTTOM-UP APPROACH 39
2.3.1.1 Approach to estimate market size using bottom-up analysis 40
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 40
2.3.2 TOP-DOWN APPROACH 40
2.3.2.1 Approach to estimate market size using top-down analysis 40
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 41
2.3.3 DEMAND-SIDE ANALYSIS 41
2.3.3.1 Calculations for demand-side analysis 41
2.3.3.2 Assumptions for demand-side analysis 42
2.3.4 SUPPLY-SIDE ANALYSIS 43
FIGURE 5 KEY STEPS CONSIDERED TO ASSESS SUPPLY OF VIRTUAL POWER PLANTS 43
FIGURE 6 VIRTUAL POWER PLANT MARKET: SUPPLY-SIDE ANALYSIS 43
2.3.4.1 Calculations for supply-side analysis 44
2.3.4.2 Assumptions for supply-side analysis 44
2.4 RESEARCH ASSUMPTIONS 44
2.5 RESEARCH LIMITATIONS 45
2.6 RISK ASSESSMENT 45
2.6.1 PARAMETERS CONSIDERED TO ANALYZE RECESSION IMPACT ON VIRTUAL POWER PLANT MARKET 45
2.7 RECESSION IMPACT 46
3 EXECUTIVE SUMMARY 47
TABLE 1 VIRTUAL POWER PLANT MARKET SNAPSHOT 47
FIGURE 7 DEMAND RESPONSE SEGMENT TO HOLD LARGEST MARKET SHARE IN 2024 48
FIGURE 8 SOFTWARE SEGMENT TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD 48
FIGURE 9 RENEWABLE ENERGY SEGMENT TO LEAD MARKET IN 2029 49
FIGURE 10 COMMERCIAL SEGMENT TO DISPLAY HIGHEST GROWTH RATE DURING FORECAST PERIOD 49
FIGURE 11 NORTH AMERICA ACCOUNTED FOR LARGEST SHARE OF GLOBAL VIRTUAL POWER PLANT MARKET IN 2023 50
4 PREMIUM INSIGHTS 51
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN VIRTUAL POWER PLANT MARKET 51
FIGURE 12 INCREASING INVESTMENTS IN RENEWABLE ENERGY TO REDUCE CARBON EMISSIONS TO DRIVE MARKET 51
4.2 VIRTUAL POWER PLANT MARKET IN NORTH AMERICA, BY VERTICAL AND COUNTRY 51
FIGURE 13 INDUSTRIAL SEGMENT AND US HELD LARGEST SHARES OF NORTH AMERICAN VIRTUAL POWER PLANT MARKET IN 2023 51
4.3 VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY 52
FIGURE 14 MIXED ASSET SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2029 52
4.4 VIRTUAL POWER PLANT MARKET, BY OFFERING 52
FIGURE 15 HARDWARE SEGMENT TO DOMINATE MARKET IN 2029 52
4.5 VIRTUAL POWER PLANT MARKET, BY SOURCE 52
FIGURE 16 RENEWABLE ENERGY SEGMENT TO COMMAND MARKET IN 2029 52
4.6 VIRTUAL POWER PLANT MARKET, BY VERTICAL 53
FIGURE 17 INDUSTRIAL SEGMENT TO CAPTURE LARGEST MARKET SHARE IN 2029 53
5 MARKET OVERVIEW 54
5.1 INTRODUCTION 54
5.2 MARKET DYNAMICS 54
FIGURE 18 VIRTUAL POWER PLANT MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 54
5.2.1 DRIVERS 55
5.2.1.1 Seamless integration of virtual power plants with renewable sources 55
FIGURE 19 GLOBAL GREENHOUSE GAS EMISSIONS, 2018–2022 55
5.2.1.2 Pressing need to mitigate impact of intermittent renewable sources on stability and reliability of power grids 55
5.2.1.3 Decarbonization of power distribution systems 56
FIGURE 20 INVESTMENTS IN CLEAN ENERGY, 2017–2022 56
5.2.2 RESTRAINTS 56
5.2.2.1 Requirement to deploy highly expensive monitoring & control predictive analytics solutions 56
5.2.3 OPPORTUNITIES 57
5.2.3.1 Increasing installation of smart grids 57
FIGURE 21 INVESTMENTS IN ELECTRICITY GRIDS, 2015–2022 57
5.2.4 CHALLENGES 58
5.2.4.1 Integration of different hardware and software components in VPPs 58
5.2.4.2 Cybersecurity threats due to use of digital infrastructure and communication networks 58
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 58
FIGURE 22 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 59
5.4 VALUE CHAIN ANALYSIS 59
FIGURE 23 VIRTUAL POWER PLANT MARKET: VALUE CHAIN ANALYSIS 59
5.4.1 RAW MATERIAL/COMPONENT PROVIDERS 59
5.4.2 VIRTUAL POWER PLANT SYSTEM PROVIDERS/INSTALLATION AND MAINTENANCE SERVICE PROVIDERS 60
5.4.3 END USERS/OPERATORS 60
5.5 ECOSYSTEM ANALYSIS 60
TABLE 2 COMPANIES AND THEIR ROLES IN VIRTUAL POWER PLANT ECOSYSTEM 60
FIGURE 24 ECOSYSTEM/MARKET MAP 61
5.6 TECHNOLOGY ANALYSIS 61
5.6.1 AI OPTIMIZATION AND BLOCKCHAIN TRANSPARENCY 61
5.7 PRICING ANALYSIS 62
TABLE 3 INDICATIVE PRICING TREND OF VIRTUAL POWER PLANTS, BY OFFERING (USD/KW) 62
FIGURE 25 INDICATIVE PRICING ANALYSIS OF VIRTUAL POWER PLANT (USD/KW) 62
TABLE 4 AVERAGE SELLING PRICE (ASP) TREND OF VIRTUAL POWER PLANTS, BY REGION (USD/KW) 62
FIGURE 26 AVERAGE SELLING PRICE (ASP) OF VIRTUAL POWER PLANTS, BY REGION (USD/KW) 63
5.8 TARIFFS, HS CODES, AND REGULATORY LANDSCAPE 63
5.8.1 TARIFFS RELATED TO VIRTUAL POWER PLANTS 63
TABLE 5 IMPORT TARIFFS FOR HS 8507-COMPLIANT PRODUCTS, 2022 63
5.8.2 REGULATORY LANDSCAPE 64
TABLE 6 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 64
TABLE 7 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 64
TABLE 8 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 65
TABLE 9 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 65
5.8.3 CODES AND REGULATIONS 65
TABLE 10 VIRTUAL POWER PLANT MARKET: HS CODES AND REGULATIONS 65
5.9 PATENT ANALYSIS, 2020–2023 66
TABLE 11 VIRTUAL POWER PLANT MARKET: LIST OF PATENTS, 2020–2023 66
5.10 TRADE ANALYSIS 69
FIGURE 27 IMPORT AND EXPORT SCENARIO FOR HS CODE 8544-COMPLIANT PRODUCTS, 2018–2022 (USD THOUSAND) 69
TABLE 12 TRADE DATA FOR HS CODE 8507-COMPLIANT PRODUCTS, 2018–2022 (USD THOUSAND) 69
5.10.1 IMPORT SCENARIO 69
TABLE 13 IMPORT SCENARIO FOR HS CODE 8507-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2022 (USD THOUSAND) 70
5.10.2 EXPORT SCENARIO 70
TABLE 14 EXPORT SCENARIO FOR HS CODE 8507-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2022 (USD THOUSAND) 70
5.11 PORTER’S FIVE FORCES ANALYSIS 71
TABLE 15 VIRTUAL POWER PLANT MARKET: PORTER’S FIVE FORCES ANALYSIS 71
FIGURE 28 VIRTUAL POWER PLANT MARKET: PORTER’S FIVE FORCES ANALYSIS 72
5.11.1 THREAT OF SUBSTITUTES 72
5.11.2 BARGAINING POWER OF SUPPLIERS 72
5.11.3 BARGAINING POWER OF BUYERS 72
5.11.4 THREAT OF NEW ENTRANTS 73
5.11.5 INTENSITY OF COMPETITIVE RIVALRY 73
5.12 KEY CONFERENCES AND EVENTS, 2024 73
TABLE 16 VIRTUAL POWER PLANT MARKET: LIST OF CONFERENCES AND EVENTS, 2024 73
5.13 KEY STAKEHOLDERS AND BUYING CRITERIA 74
5.13.1 KEY STAKEHOLDERS IN BUYING PROCESS 74
FIGURE 29 KEY STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE VERTICALS 74
TABLE 17 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS 74
5.13.2 BUYING CRITERIA 74
FIGURE 30 KEY BUYING CRITERIA FOR TOP THREE VERTICALS 74
TABLE 18 KEY BUYING CRITERIA FOR TOP THREE VERTICALS 75
5.14 CASE STUDY ANALYSIS 75
5.14.1 OATI DEPLOYS WEB DISTRIBUTION ASSIST EPB TO IMPLEMENT COMPREHENSIVE DEMAND RESPONSE MANAGEMENT SYSTEM TO MONITOR THEIR DISTRIBUTED ENERGY RESOURCES EFFECTIVELY 75
5.14.2 VIRTUAL POWER STATION TECHNOLOGY HELPS OVERCOME RELIABILITY CHALLENGES ASSOCIATED WITH RENEWABLE ENERGY SUPPLY 75
5.14.3 AUSGRID AND EVERGEN PARTNERED TO ADDRESS CHALLENGES OF INTEGRATING RENEWABLES AND MAXIMIZING USE OF CUSTOMER-OWNED BATTERIES 76
6 VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY 77
6.1 INTRODUCTION 78
FIGURE 31 DEMAND RESPONSE SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2023 78
TABLE 19 VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION) 78
TABLE 20 VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY, 2023–2029 (USD MILLION) 79
6.2 DEMAND RESPONSE 79
6.2.1 EFFECTIVE OPTIMIZATION OF ENERGY USAGE DURING GRID STRESS TO ACCELERATE DEMAND 79
TABLE 21 DEMAND RESPONSE: VIRTUAL POWER PLANT MARKET, BY REGION, 2019–2022 (USD MILLION) 79
TABLE 22 DEMAND RESPONSE: VIRTUAL POWER PLANT MARKET, BY REGION, 2023–2029 (USD MILLION) 80
6.3 SUPPLY SIDE 80
6.3.1 ABILITY TO INTEGRATE VARIOUS DISTRIBUTED ENERGY SOURCES TO BOOST DEMAND 80
TABLE 23 SUPPLY SIDE: VIRTUAL POWER PLANT MARKET, BY REGION, 2019–2022 (USD MILLION) 80
TABLE 24 SUPPLY SIDE: VIRTUAL POWER PLANT MARKET, BY REGION, 2023–2029 (USD MILLION) 81
6.4 MIXED ASSET 81
6.4.1 DECLINING COSTS OF DISTRIBUTED ENERGY SOURCES TO DRIVE MARKET 81
TABLE 25 MIXED ASSET: VIRTUAL POWER PLANT MARKET, BY REGION, 2019–2022 (USD MILLION) 82
TABLE 26 MIXED ASSET: VIRTUAL POWER PLANT MARKET, BY REGION, 2023–2029 (USD MILLION) 82
7 VIRTUAL POWER PLANT MARKET, BY VERTICAL 83
7.1 INTRODUCTION 84
FIGURE 32 INDUSTRIAL SEGMENT SECURED LARGEST MARKET SHARE IN 2023 84
TABLE 27 VIRTUAL POWER PLANT MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 85
TABLE 28 VIRTUAL POWER PLANT MARKET, BY VERTICAL, 2023–2029 (USD MILLION) 85
7.2 COMMERCIAL 85
7.2.1 REDUCED WORKLOAD AND COST OPTIMIZATION TO FOSTER SEGMENTAL GROWTH 85
TABLE 29 COMMERCIAL: VIRTUAL POWER PLANT MARKET, BY REGION 2019–2022 (USD MILLION) 86
TABLE 30 COMMERCIAL: VIRTUAL POWER PLANT MARKET, BY REGION, 2023–2029 (USD MILLION) 86
7.3 INDUSTRIAL 86
7.3.1 SIGNIFICANT CONTRIBUTION IN REDUCING SCOPE 2 EMISSIONS TO BOOST DEMAND 86
TABLE 31 INDUSTRIAL: VIRTUAL POWER PLANT MARKET, BY REGION, 2019–2022 (USD MILLION) 87
TABLE 32 INDUSTRIAL: VIRTUAL POWER PLANT MARKET, BY REGION, 2023–2029 (USD MILLION) 87
7.4 RESIDENTIAL 87
7.4.1 INCREASING ADOPTION OF EVS AND ROOFTOP PVS TO FUEL DEMAND 87
TABLE 33 RESIDENTIAL: VIRTUAL POWER PLANT MARKET, BY REGION 2019–2022 (USD MILLION) 88
TABLE 34 RESIDENTIAL: VIRTUAL POWER PLANT MARKET, BY REGION, 2023–2029 (USD MILLION) 88
8 VIRTUAL POWER PLANT MARKET, BY OFFERING 89
8.1 INTRODUCTION 90
FIGURE 33 HARDWARE SEGMENT DOMINATED MARKET IN 2023 90
TABLE 35 VIRTUAL POWER PLANT MARKET, BY COMPONENT, 2019–2022 (USD MILLION) 90
TABLE 36 VIRTUAL POWER PLANT MARKET, BY COMPONENT, 2023–2029 (USD MILLION) 91
8.2 HARDWARE 91
8.2.1 NEED FOR REAL-TIME MONITORING AND OPTIMIZATION OF DERS TO BOOST DEMAND 91
TABLE 37 HARDWARE: VIRTUAL POWER PLANT MARKET, BY REGION, 2019–2022 (USD MILLION) 91
TABLE 38 HARDWARE: VIRTUAL POWER PLANT MARKET, BY REGION, 2023–2029 (USD MILLION) 92
8.3 SOFTWARE 92
8.3.1 USE OF ADVANCED ALGORITHMS TO FACILITATE INFORMED DECISION-MAKING TO DRIVE MARKET 92
TABLE 39 SOFTWARE: VIRTUAL POWER PLANT MARKET, BY REGION, 2019–2022 (USD MILLION) 92
TABLE 40 SOFTWARE: VIRTUAL POWER PLANT MARKET, BY REGION, 2023–2029 (USD MILLION) 93
8.4 SERVICES 93
8.4.1 REQUIREMENT OF OPERATIONAL SUPPORT AND STRATEGIC GUIDANCE WHILE VPP DEPLOYMENT TO FOSTER SEGMENTAL GROWTH 93
TABLE 41 SERVICES: VIRTUAL POWER PLANT MARKET, BY REGION, 2019–2022 (USD MILLION) 93
TABLE 42 SERVICES: VIRTUAL POWER PLANT MARKET, BY REGION, 2023–2029 (USD MILLION) 94
9 VIRTUAL POWER PLANT MARKET, BY SOURCE 95
9.1 INTRODUCTION 96
FIGURE 34 RENEWABLE ENERGY SECURED LARGEST MARKET SHARE IN 2023 96
TABLE 43 VIRTUAL POWER PLANT MARKET, BY SOURCE, 2019–2022 (USD MILLION) 96
TABLE 44 VIRTUAL POWER PLANT MARKET, BY SOURCE, 2023–2029 (USD MILLION) 97
9.2 RENEWABLE ENERGY 97
9.2.1 DIVERSIFICATION OF ENERGY MIX AND DECENTRALIZATION OF POWER GENERATION TO BOOST DEMAND 97
TABLE 45 RENEWABLE ENERGY: VIRTUAL POWER PLANT MARKET, BY REGION, 2019–2022 (USD MILLION) 97
TABLE 46 RENEWABLE ENERGY: VIRTUAL POWER PLANT MARKET, BY REGION, 2023–2029 (USD MILLION) 98
9.3 STORAGE 98
9.3.1 ENERGY OPTIMIZATION WITH INTEGRATION OF DIVERSE ENERGY STORAGE SYSTEMS TO DRIVE MARKET 98
TABLE 47 STORAGE: VIRTUAL POWER PLANT MARKET, BY REGION, 2019–2022 (USD MILLION) 99
TABLE 48 STORAGE: VIRTUAL POWER PLANT MARKET, BY REGION, 2023–2029 (USD MILLION) 99
9.4 COGENERATION 99
9.4.1 ENHANCED ENERGY EFFICIENCY BY UTILIZING WASTE HEAT TO OFFER LUCRATIVE GROWTH OPPORTUNITIES TO PLAYERS 99
TABLE 49 COGENERATION: VIRTUAL POWER PLANT MARKET, BY REGION, 2019–2022 (USD MILLION) 100
TABLE 50 COGENERATION: VIRTUAL POWER PLANT MARKET, BY REGION, 2023–2029 (USD MILLION) 100
10 VIRTUAL POWER PLANT MARKET, BY REGION 101
10.1 INTRODUCTION 102
FIGURE 35 ASIA PACIFIC TO EXHIBIT HIGHEST CAGR IN GLOBAL VIRTUAL POWER PLANT MARKET DURING FORECAST PERIOD 102
FIGURE 36 NORTH AMERICA SECURED LARGEST MARKET SHARE IN 2023 103
TABLE 51 VIRTUAL POWER PLANT MARKET, BY REGION, 2019–2022 (USD MILLION) 103
TABLE 52 VIRTUAL POWER PLANT MARKET, BY REGION, 2023–2029 (USD MILLION) 103
10.2 NORTH AMERICA 104
10.2.1 RECESSION IMPACT ON MARKET IN NORTH AMERICA 104
TABLE 53 NORTH AMERICA: VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION) 104
TABLE 54 NORTH AMERICA: VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY, 2023–2029 (USD MILLION) 105
TABLE 55 NORTH AMERICA: VIRTUAL POWER PLANT MARKET, BY OFFERING, 2019–2022 (USD MILLION) 105
TABLE 56 NORTH AMERICA: VIRTUAL POWER PLANT MARKET, BY OFFERING, 2023–2029 (USD MILLION) 105
TABLE 57 NORTH AMERICA: VIRTUAL POWER PLANT MARKET, BY SOURCE, 2019–2022 (USD MILLION) 105
TABLE 58 NORTH AMERICA: VIRTUAL POWER PLANT MARKET, BY SOURCE, 2023–2029 (USD MILLION) 106
TABLE 59 NORTH AMERICA: VIRTUAL POWER PLANT MARKET, BY VERTICAL 2019–2022 (USD MILLION) 106
TABLE 60 NORTH AMERICA: VIRTUAL POWER PLANT MARKET, BY VERTICAL, 2023–2029 (USD MILLION) 106
TABLE 61 NORTH AMERICA: VIRTUAL POWER PLANT MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 106
TABLE 62 NORTH AMERICA: VIRTUAL POWER PLANT MARKET, BY COUNTRY, 2023–2029 (USD MILLION) 107
10.2.2 US 107
10.2.2.1 Government-led initiatives to boost importance of renewable sources to drive market 107
TABLE 63 US: VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION) 107
TABLE 64 US: VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY, 2023–2029 (USD MILLION) 108
10.2.3 CANADA 108
10.2.3.1 Initiatives to provide green energy and reduce electricity rates to accelerate demand 108
TABLE 65 CANADA: VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION) 108
TABLE 66 CANADA: VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY, 2023–2029 (USD MILLION) 109
10.3 ASIA PACIFIC 109
FIGURE 37 ASIA PACIFIC: VIRTUAL POWER PLANT MARKET SNAPSHOT 110
10.3.1 RECESSION IMPACT ON MARKET IN ASIA PACIFIC 110
TABLE 67 ASIA PACIFIC: VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION) 111
TABLE 68 ASIA PACIFIC: VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY, 2023–2029 (USD MILLION) 111
TABLE 69 ASIA PACIFIC: VIRTUAL POWER PLANT MARKET, BY OFFERING, 2019–2022 (USD MILLION) 111
TABLE 70 ASIA PACIFIC: VIRTUAL POWER PLANT MARKET, BY OFFERING, 2023–2029 (USD MILLION) 112
TABLE 71 ASIA PACIFIC: VIRTUAL POWER PLANT MARKET, BY SOURCE, 2019–2022 (USD MILLION) 112
TABLE 72 ASIA PACIFIC: VIRTUAL POWER PLANT MARKET, BY SOURCE, 2023–2029 (USD MILLION) 112
TABLE 73 ASIA PACIFIC: VIRTUAL POWER PLANT MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 112
TABLE 74 ASIA PACIFIC: VIRTUAL POWER PLANT MARKET, BY VERTICAL, 2023–2029 (USD MILLION) 113
TABLE 75 ASIA PACIFIC: VIRTUAL POWER PLANT MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 113
TABLE 76 ASIA PACIFIC: VIRTUAL POWER PLANT MARKET, BY COUNTRY, 2023–2029 (USD MILLION) 113
10.3.2 AUSTRALIA 114
10.3.2.1 Government policy incentives and environmental sustainability goals to boost demand 114
TABLE 77 AUSTRALIA: VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION) 114
TABLE 78 AUSTRALIA: VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY, 2023–2029 (USD MILLION) 114
10.3.3 SOUTH KOREA 115
10.3.3.1 Increasing public–private collaborations to establish renewable infrastructure to drive market 115
TABLE 79 SOUTH KOREA: VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION) 115
TABLE 80 SOUTH KOREA: VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY, 2023–2029 (USD MILLION) 116
10.3.4 JAPAN 116
10.3.4.1 Growing investment by foreign players to offer lucrative market growth opportunities 116
TABLE 81 JAPAN: VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION) 117
TABLE 82 JAPAN: VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY, 2023–2029 (USD MILLION) 117
10.3.5 REST OF ASIA PACIFIC 117
TABLE 83 REST OF ASIA PACIFIC: VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION) 117
TABLE 84 REST OF ASIA PACIFIC: VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY, 2023–2029 (USD MILLION) 118
10.4 EUROPE 118
FIGURE 38 EUROPE: VIRTUAL POWER PLANT MARKET SNAPSHOT 119
10.4.1 RECESSION IMPACT ON MARKET IN EUROPE 119
TABLE 85 EUROPE: VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION) 120
TABLE 86 EUROPE: VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY, 2023–2029 (USD MILLION) 120
TABLE 87 EUROPE: VIRTUAL POWER PLANT MARKET, BY OFFERING, 2019–2022 (USD MILLION) 120
TABLE 88 EUROPE: VIRTUAL POWER PLANT MARKET, BY OFFERING, 2023–2029 (USD MILLION) 120
TABLE 89 EUROPE: VIRTUAL POWER PLANT MARKET, BY SOURCE, 2019–2022 (USD MILLION) 121
TABLE 90 EUROPE: VIRTUAL POWER PLANT MARKET, BY SOURCE, 2023–2029 (USD MILLION) 121
TABLE 91 EUROPE: VIRTUAL POWER PLANT MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 121
TABLE 92 EUROPE: VIRTUAL POWER PLANT MARKET, BY VERTICAL, 2023–2029 (USD MILLION) 121
TABLE 93 EUROPE: VIRTUAL POWER PLANT MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 122
TABLE 94 EUROPE: VIRTUAL POWER PLANT MARKET, BY COUNTRY, 2023–2029 (USD MILLION) 122
10.4.2 UK 122
10.4.2.1 Growing investments by UK Infrastructure Bank in energy sector to drive market 122
TABLE 95 UK: VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION) 123
TABLE 96 UK: VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY, 2023–2029 (USD MILLION) 123
10.4.3 GERMANY 123
10.4.3.1 Thriving renewable energy sector to boost demand 123
TABLE 97 GERMANY: VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION) 124
TABLE 98 GERMANY: VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY, 2023–2029 (USD MILLION) 124
10.4.4 FRANCE 124
10.4.4.1 Government-led initiatives to innovate renewable energy projects to accelerate demand 124
TABLE 99 FRANCE: VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION) 125
TABLE 100 FRANCE: VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY, 2023–2029 (USD MILLION) 125
10.4.5 DENMARK 125
10.4.5.1 Initiatives to make electricity sector fossil-free by 2030 to fuel demand 125
TABLE 101 DENMARK: VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION) 126
TABLE 102 DENMARK: VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY, 2023–2029 (USD MILLION) 126
10.4.6 REST OF EUROPE 126
TABLE 103 REST OF EUROPE: VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION) 127
TABLE 104 REST OF EUROPE: VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY, 2023–2029 (USD MILLION) 127
10.5 MIDDLE EAST & AFRICA 127
10.5.1 RECESSION IMPACT ON MARKET IN MIDDLE EAST & AFRICA 127
TABLE 105 MIDDLE EAST & AFRICA: VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION) 128
TABLE 106 MIDDLE EAST & AFRICA: VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY, 2023–2029 (USD MILLION) 128
TABLE 107 MIDDLE EAST & AFRICA: VIRTUAL POWER PLANT MARKET, BY OFFERING, 2019–2022 (USD MILLION) 128
TABLE 108 MIDDLE EAST & AFRICA: VIRTUAL POWER PLANT MARKET, BY OFFERING, 2023–2029 (USD MILLION) 129
TABLE 109 MIDDLE EAST & AFRICA: VIRTUAL POWER PLANT MARKET, BY SOURCE, 2019–2022 (USD MILLION) 129
TABLE 110 MIDDLE EAST & AFRICA: VIRTUAL POWER PLANT MARKET, BY SOURCE, 2023–2029 (USD MILLION) 129
TABLE 111 MIDDLE EAST & AFRICA: VIRTUAL POWER PLANT MARKET, BY VERTICAL 2019–2022 (USD MILLION) 130
TABLE 112 MIDDLE EAST & AFRICA: VIRTUAL POWER PLANT MARKET, BY VERTICAL, 2023–2029 (USD MILLION) 130
TABLE 113 MIDDLE EAST & AFRICA: VIRTUAL POWER PLANT MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 130
TABLE 114 MIDDLE EAST & AFRICA: VIRTUAL POWER PLANT MARKET, BY COUNTRY, 2023–2029 (USD MILLION) 131
TABLE 115 GCC COUNTRIES: VIRTUAL POWER PLANT MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 131
TABLE 116 GCC COUNTRIES: VIRTUAL POWER PLANT MARKET, BY COUNTRY, 2023–2029 (USD MILLION) 131
10.5.2 GCC COUNTRIES 131
10.5.2.1 Growing FDIs in renewable energy sector to accelerate demand 131
TABLE 117 GCC COUNTRIES: VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION) 132
TABLE 118 GCC COUNTRIES: VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY, 2023–2029 (USD MILLION) 132
10.5.3 SOUTH AFRICA 132
10.5.3.1 Adoption of clean energy technologies to boost demand 132
TABLE 119 SOUTH AFRICA: VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION) 133
TABLE 120 SOUTH AFRICA: VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY, 2023–2029 (USD MILLION) 133
10.5.4 TURKEY 134
10.5.4.1 Integration of renewable sources into power grids to drive market 134
TABLE 121 TURKEY: VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION) 134
TABLE 122 TURKEY: VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY, 2023–2029 (USD MILLION) 135
10.5.5 REST OF MIDDLE EAST & AFRICA 135
TABLE 123 REST OF MIDDLE EAST & AFRICA: VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION) 135
TABLE 124 REST OF MIDDLE EAST & AFRICA: VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY, 2023–2029 (USD MILLION) 135
10.6 SOUTH AMERICA 136
10.6.1 RECESSION IMPACT ON MARKET IN SOUTH AMERICA 136
TABLE 125 SOUTH AMERICA: VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION) 136
TABLE 126 SOUTH AMERICA: VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY, 2023–2029 (USD MILLION) 137
TABLE 127 SOUTH AMERICA: VIRTUAL POWER PLANT MARKET, BY OFFERING, 2019–2022 (USD MILLION) 137
TABLE 128 SOUTH AMERICA: VIRTUAL POWER PLANT MARKET, BY OFFERING, 2023–2029 (USD MILLION) 137
TABLE 129 SOUTH AMERICA: VIRTUAL POWER PLANT MARKET, BY SOURCE, 2019–2022 (USD MILLION) 138
TABLE 130 SOUTH AMERICA: VIRTUAL POWER PLANT MARKET, BY SOURCE, 2023–2029 (USD MILLION) 138
TABLE 131 SOUTH AMERICA: VIRTUAL POWER PLANT MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 138
TABLE 132 SOUTH AMERICA: VIRTUAL POWER PLANT MARKET, BY VERTICAL, 2023–2029 (USD MILLION) 139
TABLE 133 SOUTH AMERICA: VIRTUAL POWER PLANT MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 139
TABLE 134 SOUTH AMERICA: VIRTUAL POWER PLANT MARKET, BY COUNTRY, 2023–2029 (USD MILLION) 139
10.6.2 BRAZIL 139
10.6.2.1 Growing initiatives by players to implement VPP models to surge demand 139
TABLE 135 BRAZIL: VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION) 140
TABLE 136 BRAZIL: VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY, 2023–2029 (USD MILLION) 140
10.6.3 REST OF SOUTH AMERICA 141
TABLE 137 REST OF SOUTH AMERICA: VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION) 141
TABLE 138 REST OF SOUTH AMERICA: VIRTUAL POWER PLANT MARKET, BY TECHNOLOGY, 2023–2029 (USD MILLION) 141
11 COMPETITIVE LANDSCAPE 142
11.1 OVERVIEW 142
11.2 STRATEGIES ADOPTED BY MAJOR PLAYERS, 2020–2023 142
TABLE 139 VIRTUAL POWER PLANT MARKET: OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS, 2020–2023 142
11.3 MARKET SHARE ANALYSIS, 2023 143
FIGURE 39 VIRTUAL POWER PLANT MARKET SHARE ANALYSIS, 2023 143
TABLE 140 VIRTUAL POWER PLANT MARKET SHARE ANALYSIS, 2023 143
FIGURE 40 VIRTUAL POWER PLANT MARKET SHARE ANALYSIS, 2022 144
11.4 REVENUE ANALYSIS, 2018–2022 145
FIGURE 41 VIRTUAL POWER PLANT MARKET: REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2018–2022 145
11.5 COMPANY EVALUATION MATRIX, 2023 146
11.5.1 STARS 146
11.5.2 EMERGING LEADERS 146
11.5.3 PERVASIVE PLAYERS 146
11.5.4 PARTICIPANTS 146
FIGURE 42 VIRTUAL POWER PLANT MARKET: COMPANY EVALUATION MATRIX, 2023 147
11.5.5 COMPANY FOOTPRINT 147
TABLE 141 OVERALL COMPANY FOOTPRINT 147
TABLE 142 TECHNOLOGY: COMPANY FOOTPRINT 148
TABLE 143 OFFERING: COMPANY FOOTPRINT 149
TABLE 144 VERTICAL: COMPANY FOOTPRINT 150
TABLE 145 REGION: COMPANY FOOTPRINT 151
11.6 START-UPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION MATRIX, 2023 151
11.6.1 PROGRESSIVE COMPANIES 152
11.6.2 RESPONSIVE COMPANIES 152
11.6.3 DYNAMIC COMPANIES 152
11.6.4 STARTING BLOCKS 152
FIGURE 43 VIRTUAL POWER PLANT MARKET: START-UP/SME EVALUATION MATRIX, 2022 152
11.6.5 COMPETITIVE BENCHMARKING 153
TABLE 146 VIRTUAL POWER PLANT MARKET: LIST OF KEY START-UPS/SMES 153
TABLE 147 VIRTUAL POWER PLANT MARKET: COMPETITIVE BENCHMARKING OF START-UPS 153
11.7 COMPETITIVE SCENARIOS AND TRENDS 154
11.7.1 PRODUCT LAUNCHES, 2020–2023 154
TABLE 148 VIRTUAL POWER PLANT MARKET: PRODUCT LAUNCHES, 2020–2023 154
11.7.2 DEALS, 2020–2023 154
TABLE 149 VIRTUAL POWER PLANT MARKET: DEALS, 2020–2023 154
12 COMPANY PROFILES 156
12.1 KEY PLAYERS 156
(Business overview, Products /Solutions/Services offered, Recent developments, Deals, MnM view, Key strengths/Right to win, Strategic choices made, and Weaknesses and Competitive threats)*
12.1.1 SIEMENS 156
TABLE 150 SIEMENS: COMPANY OVERVIEW 156
FIGURE 44 SIEMENS: COMPANY SNAPSHOT 157
TABLE 151 SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 157
TABLE 152 SIEMENS: DEALS 158
12.1.2 SCHNEIDER ELECTRIC 159
TABLE 153 SCHNEIDER ELECTRIC: COMPANY OVERVIEW 159
FIGURE 45 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT 160
TABLE 154 SCHNEIDER ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 160
TABLE 155 SCHNEIDER ELECTRIC: DEALS 161
12.1.3 GENERAL ELECTRIC 162
TABLE 156 GENERAL ELECTRIC: COMPANY OVERVIEW 162
FIGURE 46 GENERAL ELECTRIC: COMPANY SNAPSHOT 163
TABLE 157 GENERAL ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 163
TABLE 158 GENERAL ELECTRIC: DEALS 164
12.1.4 SHELL 165
TABLE 159 SHELL: COMPANY OVERVIEW 165
FIGURE 47 SHELL: COMPANY SNAPSHOT 166
TABLE 160 SHELL: PRODUCTS/SOLUTIONS/SERVICES OFFERED 166
TABLE 161 SHELL: DEALS 167
12.1.5 ABB 168
TABLE 162 ABB: COMPANY OVERVIEW 168
FIGURE 48 ABB: COMPANY SNAPSHOT 169
TABLE 163 ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED 169
TABLE 164 ABB: DEALS 170
12.1.6 TESLA 171
TABLE 165 TESLA: COMPANY OVERVIEW 171
FIGURE 49 TESLA: COMPANY SNAPSHOT 172
TABLE 166 TESLA: PRODUCTS/SOLUTIONS/SERVICES OFFERED 172
12.1.7 CPOWER 173
TABLE 167 CPOWER: COMPANY OVERVIEW 173
TABLE 168 CPOWER: PRODUCTS/SOLUTIONS/SERVICES OFFERED 173
TABLE 169 CPOWER: DEALS 174
12.1.8 IBM 175
TABLE 170 IBM: COMPANY OVERVIEW 175
FIGURE 50 IBM: COMPANY SNAPSHOT 176
TABLE 171 IBM: PRODUCTS/SOLUTIONS/SERVICES OFFERED 176
12.1.9 HITACHI ENERGY LTD. 177
TABLE 172 HITACHI ENERGY LTD.: BUSINESS OVERVIEW 177
TABLE 173 HITACHI ENERGY LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 177
TABLE 174 HITACHI ENERGY LTD.: DEALS 177
12.1.10 GENERAC POWER SYSTEMS, INC. 178
TABLE 175 GENERAC POWER SYSTEMS: COMPANY OVERVIEW 178
FIGURE 51 GENERAC POWER SYSTEMS: COMPANY SNAPSHOT 179
TABLE 176 GENERAC POWER SYSTEMS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 179
TABLE 177 GENERAC POWER SYSTEMS: DEALS 180
12.1.11 FLEXITRICITY 181
TABLE 178 FLEXITRICITY: COMPANY OVERVIEW 181
TABLE 179 FLEXITRICITY: PRODUCTS/SOLUTIONS/SERVICES OFFERED 181
TABLE 180 FLEXITRICITY: DEALS 182
12.1.12 OLIVINE, INC. 183
TABLE 181 OLIVINE, INC.: COMPANY OVERVIEW 183
TABLE 182 OLIVINE, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 183
TABLE 183 OLIVINE, INC.: DEALS 184
12.1.13 LUMENAZA GMBH 185
TABLE 184 LUMENAZA GMBH: COMPANY OVERVIEW 185
TABLE 185 LUMENAZA GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED 185
12.1.14 STEM, INC. 186
TABLE 186 STEM, INC.: COMPANY OVERVIEW 186
FIGURE 52 STEM, INC.: COMPANY SNAPSHOT 187
TABLE 187 STEM, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 187
TABLE 188 STEM, INC.: PRODUCT LAUNCHES 188
TABLE 189 STEM, INC.: DEALS 188
12.1.15 OPEN ACCESS TECHNOLOGY INTERNATIONAL, INC. 190
TABLE 190 OPEN ACCESS TECHNOLOGY INTERNATIONAL, INC.: COMPANY OVERVIEW 190
TABLE 191 OPEN ACCESS TECHNOLOGY INTERNATIONAL, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 190
12.1.16 SPIRAE 191
TABLE 192 SPIRAE: COMPANY OVERVIEW 191
TABLE 193 SPIRAE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 191
12.2 OTHER PLAYERS 192
12.2.1 ARGAND SOLUTIONS 192
12.2.2 KRAKENFLEX LIMITED 192
12.2.3 HAVEN ENERGY 193
12.2.4 ENERGY & METEO SYSTEMS GMBH 193
*Details on Business overview, Products /Solutions/Services offered, Recent developments, Deals, MnM view, Key strengths/Right to win, Strategic choices made, and Weaknesses and Competitive threats might not be captured in case of unlisted companies.
13 APPENDIX 194
13.1 INSIGHTS FROM INDUSTRY EXPERTS 194
13.2 DISCUSSION GUIDE 194
13.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 197
13.4 CUSTOMIZATION OPTIONS 199
13.5 RELATED REPORTS 199
13.6 AUTHOR DETAILS 200