As on date of publishing, this report will capture the impact assessment of COVID-19 on this market and the same will be considered in our market forecast model. Clients purchasing this report between April and June 2020 will be getting a ‘free’ updated market data excel sheet between July and September 2020 accounting for the impact of COVID-19 on the market in the current year 2020 and forecast.

United States virtual power plant market is expected to grow at an impressive rate during the forecast period. The United States virtual power plant market is driven by with growing demand for renewable energy in power generation sector. Besides, there is an increase of energy storage system in residential sector, which is expected to spur the market. Additionally, it delivers real-time data on the capacity utilization of the networked units, which is boosting its demand, thereby bolstering the overall market growth.

The United States virtual power plant market is segmented based on technology, end user, source, component, company and region. Based on end user, the market can be residential, commercial and industrial. Out of these, the residential segment held the largest market share until 2019 and is expected to grow at the fastest pace during the forecast period. This high growth can be accredited to high participation in demand response programs, energy storage system and distributed generation. It further helps the end users to save up the surplus power in energy storage devices like solar panels, batteries, etc., as it delivers energy at peak usage times. In addition to this, government initiatives in terms of customer engagement, along with incentives programs is further boosting the growth of residential end-user segment.

Major players operating in the United States virtual power plant market include EnerNOC, Inc., Comverge, Cpower, ABB Ltd, Siemens AG, Schneider Electric SE, General Electric Company, Flexitricity Limited, AGL Energy and others. The key market players are adopting some 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: 2015-2018

Base Year: 2019

Estimated Year: 2020

Forecast Period: 2021–2025

Objective of the Study:

  • To analyze and estimate the market size of United States virtual power plant market from 2015 to 2018.
  • To estimate and forecast the market size of United States virtual power plant market from 2019 to 2025 and growth rate until 2025.
  • To classify and forecast United States virtual power plant market based on technology, end user, source, component, company and regional distribution.
  • To identify dominant region or segment in the United States virtual power plant market.
  • To identify drivers and challenges for United States virtual power plant market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in United States virtual power plant market.
  • To identify and analyze the profile of leading players operating in United States virtual power plant market.
  • To identify key sustainable strategies adopted by market players in United States 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 country. 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 and presence of all major players across the country.

TechSci Research calculated the market size of United States 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, end users 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, United States virtual power plant market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • United States Virtual Power Plant Market, By Technology:
    • Demand Response
    • Distributed Generation
    • Mixed Asset
  • United States Virtual Power Plant Market, By End User:
    • Residential
    • Commercial
    • Industrial
  • United States Virtual Power Plant Market, By Source:
    • Renewables
    • CHP
    • Energy Storage
    • Other Local Generation
  • United States Virtual Power Plant Market, By Component:
    • Individual
    • Family
  • United States Virtual Power Plant Market, By Term of Coverage:
    • Software
    • Service
  • United States Virtual Power Plant Market, By Region:
    • North-East
    • Mid-West
    • West
    • South

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in United States 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).
United States 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 sales@techsciresearch.com  

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1.     Product Overview

2.    Research Methodology

3.    Impact of COVID-19 of US Virtual Power Plant Market

4.    Executive Summary

5.    Voice of Customer/Customer Insight

6.    US Virtual Power Plant Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Technology (Demand Response, Distributed Generation, Mixed Asset)

6.2.2.     By End User (Residential, Commercial, Industrial (Petroleum Refining, Chemicals Industry, Metals & Mining, Others))

6.2.3.     By Source (Renewables, CHP, Energy Storage, Other Local Generation)

6.2.4.     By Component (Software vs. Service)

6.2.5.     By Region (Midwest, West, North East, South)

6.2.6.    By Company

6.3.  Product Market Map

7.    Midwest US Virtual Power Plant Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Technology

7.2.2.     By End User

7.2.3.     By Source

7.2.4.     By Component

8.    West US Virtual Power Plant Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Technology

8.2.2.     By End User

8.2.3.     By Source

8.2.4.     By Component

9.    North East US Virtual Power Plant Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Technology

9.2.2.     By End User

9.2.3.     By Source

9.2.4.     By Component

10.  South US Virtual Power Plant Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value

10.2.              Market Share & Forecast

10.2.1.  By Technology

10.2.2.  By End User

10.2.3.  By Source

10.2.4.  By Component

11.  Market Dynamics

11.1.  Drivers/Opportunities

11.2.  Challenges/Restraints

12.  Market Trends & Developments

13.  Policies and Regulatory Framework supporting VPP

14.  US Economic Profile

15.  Competitive Landscape

15.1.    Company Profiles

15.2.              EnerNOC, Inc.

15.3.              Comverge

15.4.              Cpower

15.5.              ABB Ltd

15.6.              Siemens AG

15.7.              Schneider Electric SE

15.8.              General Electric Company

15.9.              Flexitricity Limited

15.10.            AGL Energy

16.  Strategic Recommendations

17. About Us & Disclaimer

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com