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Supportive Market Mechanisms, Digital Technologies, and RES & DER Development will Lead to Transformational Growth of VPP Technology Demand
21-Jun-2022
Global
Market Research
MG2A-01-00-00-00
EG02247-GL-MT_26650
Globally, where the closure of coal power plants and the intermittent nature of RES challenge grid operations and stability, VPPs are a promising solution to add flexibility to the grid and solve energy issues of transmission congestion, peak demand, and peak-hour energy prices.
Virtual power plants (VPPs) are an aggregation of decentralized distributed energy resources (DERs), energy storage systems (ESS), and controllable loads, all of which are connected and controlled via a central system of VPP software. The aggregated assets form a single imaginary power plant that can be dispatched during peak demand, eliminating the need for investment in ancillary power generation plants for peak load management. VPP promises significant improvements in grid reliability and resilience and aids in integrating RES into the grid. With other technologies, such as Big Data, the Internet of Things (IoT), and artificial intelligence (AI), VPP can actively manage electricity grids by balancing the demand and supply in the energy market.
Though the concept of VPPs has been present in the global market for almost a decade, most of the studies and projects are still in a pilot phase, so VPP is commercially at an early development stage. This research study aims to analyze the global VPP market, which is still in its early stages, and understands how it will evolve by 2030. The study focuses on the current business models offered by VPP aggregators and utilities, key drivers and restraints for the global VPP market, and the key companies providing VPP solutions.
Research Scope
The study period is from 2020 to 2030, with 2021 as the base year. The forecast period is from 2022 to 2030. Frost & Sullivan’s revenue estimation represents the software & hardware component of the virtual power plant solution and the revenue obtained through services. Market information for the base year is from primary and secondary research data and analyses. Key trends and information on market size, tiers of competition, and other variables are based on discussions with key industry stakeholders in the value chain.
Key Issues Addressed
- What are VPPs and how do they work? What are the benefits of VPPs?
- What are the key drivers and restraints influencing the global VPP market?
- Who are aggregators? What is their role in the European VPP market?
- What are the different business models in VPPs? What is the current state of VPP in key regions and countries? How is it projected to grow in the future globally?
- Which key stakeholders influence technology development and the adoption of VPP technology? What are the different growth opportunities in this space?
Author: Swagath Navin Manohar
Why Is It Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on Global VPP
Growth Opportunities Fuel the Growth Pipeline Engine™
Global VPP Market, Key Findings
Global VPP Market, Scope of Analysis
Geographical Scope
Analysis by Business Models
Key Growth Metrics
Global Energy Scenario
Virtual Power Plants (VPP)
Virtual Power Plants (continued)
Key Features of a VPP System
VPP Architecture
Global VPP Market, Global Hotspots
Technologies Influencing Next-generation VPPs
Energy Storage to Boost Adoption of VPPs
Energy Storage to Boost Adoption of VPPs (continued)
Uncertainties in VPP
VPPs & Electricity Markets
VPPs & Electricity Markets (continued)
How Much can a Prosumer & VPP Aggregator Earn through VPP Flexibility Services?
How Much can a Prosumer & VPP Aggregator Earn through VPP Flexibility Services? (continued)
Growth Drivers
Growth Restraints
Global VPP Market Revenue Forecast
Global VPP Market Revenue Forecast Discussion
Global VPP Market Revenue Forecast by Region
Revenue Forecast by Region Discussion
Global VPP Market Revenue Forecast by Business Model
Global VPP Market Revenue Forecast by Business Model Discussion
Key Growth Metrics for VPP Market, North America
VPP Market Revenue Forecast, North America
VPP Market Revenue Forecast by Business Model, North America
VPP Market Revenue Forecast Discussion, North America
Key Growth Metrics for VPP Market, Europe
VPP Market Revenue Forecast, Europe
VPP Market Revenue Forecast by Business Model, Europe
VPP Market Revenue Forecast Discussion, Europe
Key Growth Metrics for VPP Market, China
VPP Market Revenue Forecast, China
VPP Market Revenue Forecast by Business Model, China
VPP Market Revenue Forecast Discussion, China
Key Growth Metrics for VPP Market, East Asia
VPP Market Revenue Forecast, East Asia
VPP Market Revenue Forecast by Business Model, East Asia
VPP Market Revenue Forecast Discussion, East Asia
Key Growth Metrics for VPP Market, ANZ & Pacific
VPP Market Revenue Forecast, ANZ & Pacific
VPP Market Revenue Forecast by Business Model, ANZ & Pacific
VPP Market Revenue Forecast Discussion, ANZ & Pacific
Key Growth Metrics for VPP Market, Rest of World
VPP Market Revenue Forecast, Rest of World
VPP Market Revenue Forecast by Business Model, Rest of World
VPP Market Revenue Forecast Discussion, Rest of World
VPP Market Revenue Forecast Discussion, Rest of World (continued)
Global VPP Market, Ecosystem
Global VPP Market, Ecosystem (continued)
Companies Providing VPP Solutions
Companies Providing VPP Solutions (continued)
Competitive Factors and Assessment
Growth Opportunities Impact
Growth Opportunity 1—Growth of VPPs to Regulate Electricity Usage and Drive Decarbonization & Electrification
Growth Opportunity 1—Growth of VPPs to Regulate Electricity Usage and Drive Decarbonization & Electrification (continued)
Growth Opportunity 2—Increased DER, RES, and BESS to Enable Efficient Functioning of VPPs
Growth Opportunity 2—Increased DER, RES, and BESS to Enable Efficient Functioning of VPPs (continued)
Growth Opportunity 3—VPPs to Reduce Curtailment of RES and Divert Excess Power for Green Hydrogen Production
Growth Opportunity 3—VPPs to Reduce Curtailment of RES and Divert Excess Power for Green Hydrogen Production (continued)
Growth Opportunity 4—Mergers, Collaborations, and Partnerships between Key Stakeholders to Drive VPP Market
Growth Opportunity 4—Mergers, Collaborations, and Partnerships between Key Stakeholders to Drive VPP Market (continued)
Growth Opportunity 5—Growth in VPPs to Enable Innovative Business Models for Utilities & Aggregators
Growth Opportunity 5—Growth in VPPs to Enable Innovative Business Models for Utilities & Aggregators (continued)
Growth Opportunity 6—Increase in Adoption of AI and Other Digital Technologies to Build Smarter VPPs
Growth Opportunity 6—Increase in Adoption of AI and Other Digital Technologies to Build Smarter VPPs (continued)
Growth Opportunity 7—Increasing Residential DERs (mainly Solar PV and Storage) to Drive Residential VPP
Growth Opportunity 7—Increasing Residential DERs (mainly Solar PV and Storage) to Drive Residential VPP (continued)
Growth Opportunity 8—VPPs to Enable Directional Interaction between EVs and Grid (Vehicle-to-Grid)
Growth Opportunity 8—VPPs to Enable Directional Interaction between EVs and Grid (Vehicle-to-Grid) (continued)
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
Legal Disclaimer
List of Figures
- VPP Market: Key Growth Metrics, Global, 2021
- VPP Market: Response Times for VPP Connected Assets, Global, 2021
- VPP Market: Total Grid Battery Energy Storage Capacity Deployment Forecast by Region, Global, 2020 2030
- VPP Market: Sequence of Electricity Market Types, Global, 2021
- VPP Market: Estimated Revenue for Prosumer & VPP Aggregator through VPP Flexibility Services, Europe, 2021
- VPP Market: Estimated Revenue for Prosumer & VPP Aggregator through VPP DR Services, Europe, 2021
- VPP Market: Key Drivers, Global, 2022 2030
- VPP Market: Key Restraints, Global, 2022 2030
- VPP Market: Revenue Forecast, Global, 2021 2030
- VPP Market: Revenue Forecast, Global, 2021, 2025 and 2030
- VPP Market: Revenue Forecast by Region, Global, 2020 2030
- VPP Market: Revenue Forecast by Region, Global, 2021, 2025 and 2030
- VPP Market: Revenue Forecast by Business Model, Global, 2020 2030
- VPP Market: Revenue Forecast by Business Model, Global, 2021, 2025, and 2030
- VPP Market: Growth Metrics, North America, 2021
- VPP Market: Revenue Forecast, North America, 2020 2030
- VPP Market: Revenue Forecast by Business Model, North America, 2020 2030
- VPP Market: Revenue Forecast, North America, 2021, 2025, and 2030
- VPP Market: Revenue Forecast by Business Model, North America, 2021, 2025, and 2030
- VPP Market: Growth Metrics, Europe, 2021
- VPP Market: Revenue Forecast, Europe, 2020 2030
- VPP Market: Revenue Forecast by Business Model, Europe, 2020 2030
- VPP Market: Revenue Forecast, Europe, 2021, 2025, and 2030
- VPP Market: Revenue Forecast by Business Model, Europe, 2021, 2025, and 2030
- VPP Market: Growth Metrics, China, 2021
- VPP Market: Revenue Forecast, China, 2020 2030
- VPP Market: Revenue Forecast by Business Model, China, 2020 2030
- VPP Market: Revenue Forecast, China, 2021, 2025, and 2030
- VPP Market: Revenue Forecast by Business Model, China, 2021, 2025, and 2030
- VPP Market: Growth Metrics, East Asia, 2021
- VPP Market: Revenue Forecast, East Asia, 2020 2030
- VPP Market: Revenue Forecast by Business Model, East Asia, 2020 2030
- VPP Market: Revenue Forecast, East Asia, 2021, 2025, and 2030
- VPP Market: Revenue Forecast by Business Model, East Asia, 2021, 2025, and 2030
- VPP Market: Growth Metrics, ANZ & Pacific, 2021
- VPP Market: Revenue Forecast, ANZ & Pacific, 2020 2030
- VPP Market: Revenue Forecast by Business Model, ANZ & Pacific, 2020 2030
- VPP Market: Revenue Forecast, ANZ & Pacific, 2021, 2025, and 2030
- VPP Market: Revenue Forecast by Business Model, ANZ & Pacific, 2021, 2025, and 2030
- VPP Market: Growth Metrics, Rest of World, 2021
- VPP Market: Revenue Forecast, Rest of World, 2020 2030
- VPP Market: Revenue Forecast by Business Model, Rest of World, 2020 2030
- VPP Market: Revenue Forecast, Rest of World, 2021, 2025, and 2030
- VPP Market: Revenue Forecast, Business Model, Rest of World, 2021, 2025, and 2030
- VPP Market: Companies Offering VPP Solutions, Global, 2021
- VPP Market: Growth Opportunities Impact, Global, 2021 2030
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Research Scope
The study period is from 2020 to 2030, with 2021 as the base year. The forecast period is from 2022 to 2030. Frost & Sullivan’s revenue estimation represents the software & hardware component of the virtual power plant solution and the revenue obtained through services. Market information for the base year is from primary and secondary research data and analyses. Key trends and information on market size, tiers of competition, and other variables are based on discussions with key industry stakeholders in the value chain.
Key Issues Addressed
- What are VPPs and how do they work What are the benefits of VPPs
- What are the key drivers and restraints influencing the global VPP market
- Who are aggregators What is their role in the European VPP market
- What are the different business models in VPPs What is the current state of VPP in key regions and countries How is it projected to grow in the future globally
- Which key stakeholders influence technology development and the adoption of VPP technology What are the different growth opportunities in this space
Author: Swagath Navin Manohar
| Deliverable Type | Market Research |
|---|---|
| Author | Swagath Navin Manohar |
| Industries | Energy |
| No Index | No |
| Is Prebook | No |
| List of Charts and Figures | VPP Market: Key Growth Metrics, Global, 2021~ VPP Market: Response Times for VPP Connected Assets, Global, 2021~ VPP Market: Total Grid Battery Energy Storage Capacity Deployment Forecast by Region, Global, 2020 2030~ VPP Market: Sequence of Electricity Market Types, Global, 2021~ VPP Market: Estimated Revenue for Prosumer & VPP Aggregator through VPP Flexibility Services, Europe, 2021~ VPP Market: Estimated Revenue for Prosumer & VPP Aggregator through VPP DR Services, Europe, 2021~ VPP Market: Key Drivers, Global, 2022 2030~ VPP Market: Key Restraints, Global, 2022 2030~ VPP Market: Revenue Forecast, Global, 2021 2030~ VPP Market: Revenue Forecast, Global, 2021, 2025 and 2030~ VPP Market: Revenue Forecast by Region, Global, 2020 2030~ VPP Market: Revenue Forecast by Region, Global, 2021, 2025 and 2030~ VPP Market: Revenue Forecast by Business Model, Global, 2020 2030~ VPP Market: Revenue Forecast by Business Model, Global, 2021, 2025, and 2030~ VPP Market: Growth Metrics, North America, 2021~ VPP Market: Revenue Forecast, North America, 2020 2030~ VPP Market: Revenue Forecast by Business Model, North America, 2020 2030~ VPP Market: Revenue Forecast, North America, 2021, 2025, and 2030~ VPP Market: Revenue Forecast by Business Model, North America, 2021, 2025, and 2030~ VPP Market: Growth Metrics, Europe, 2021~ VPP Market: Revenue Forecast, Europe, 2020 2030~ VPP Market: Revenue Forecast by Business Model, Europe, 2020 2030~ VPP Market: Revenue Forecast, Europe, 2021, 2025, and 2030~ VPP Market: Revenue Forecast by Business Model, Europe, 2021, 2025, and 2030~ VPP Market: Growth Metrics, China, 2021~ VPP Market: Revenue Forecast, China, 2020 2030~ VPP Market: Revenue Forecast by Business Model, China, 2020 2030~ VPP Market: Revenue Forecast, China, 2021, 2025, and 2030~ VPP Market: Revenue Forecast by Business Model, China, 2021, 2025, and 2030~ VPP Market: Growth Metrics, East Asia, 2021~ VPP Market: Revenue Forecast, East Asia, 2020 2030~ VPP Market: Revenue Forecast by Business Model, East Asia, 2020 2030~ VPP Market: Revenue Forecast, East Asia, 2021, 2025, and 2030~ VPP Market: Revenue Forecast by Business Model, East Asia, 2021, 2025, and 2030~ VPP Market: Growth Metrics, ANZ & Pacific, 2021~ VPP Market: Revenue Forecast, ANZ & Pacific, 2020 2030~ VPP Market: Revenue Forecast by Business Model, ANZ & Pacific, 2020 2030~ VPP Market: Revenue Forecast, ANZ & Pacific, 2021, 2025, and 2030~ VPP Market: Revenue Forecast by Business Model, ANZ & Pacific, 2021, 2025, and 2030~ VPP Market: Growth Metrics, Rest of World, 2021~ VPP Market: Revenue Forecast, Rest of World, 2020 2030~ VPP Market: Revenue Forecast by Business Model, Rest of World, 2020 2030~ VPP Market: Revenue Forecast, Rest of World, 2021, 2025, and 2030~ VPP Market: Revenue Forecast, Business Model, Rest of World, 2021, 2025, and 2030~ VPP Market: Companies Offering VPP Solutions, Global, 2021~ VPP Market: Growth Opportunities Impact, Global, 2021 2030~ |
| Podcast | No |
| WIP Number | MG2A-01-00-00-00 |
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