Peer to Peer Lending Market By Business Model (Alternate Marketplace Lending and Traditional Lending), Type (Consumer Lending and Business Lending), and End User (Consumer Credit Loans, Small Business Loans, Student Loans, and Real Estate Loans): Global Opportunity Analysis and Industry Forecast, 2020-2027
- Published Date: 2020-11-18
- Report ID: 18188
- Pages: 250
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Format:
The global virtual power plant market was valued at $1.3 billion in 2019, and is projected to reach $5.9 billion by 2027, growing at a CAGR of 21.3% from 2020 to 2027.
Virtual power plant, an aggregated decentralized power plant, consisting of decentralized power systems with the purpose to integrate different distributed energy sources such as solar PV cells, wind turbines, and hydroelectric plants. Additionally, virtual power plant offers efficient power generation even at peak load periods with a scope to trade or sell power in trading market. Virtual power plant is medium scale power generating unit integrating different renewable energy sources for solar, wind and other flexible power consumers and storage systems. A virtual power plant consists of different mixed assets that are connected via central control system processing wide range of information, such as current prices at the power exchange, price and weather forecasts, and grid information of the system operators.
Growing penetration for renewable energy in power generation sector coupled with shifting trend of power grids from centralized to distributed is expected to drive the market growth. Further reduction in energy cost and easy accessibility of energy storage will boost the market demand. For instance, Tesla reported in their recent virtual power plant project 70% decrease in grid consumption, while bills have been reduced by up to 30%. Additionally, VPP is highly efficient and flexible to deliver during the peak load electricity in a short notice period compared to conventional power plant set up that will further drive the market growth. Flexibility in trading with virtual power plant due to price volatility attracted lot of new participants. Customers can sell excess energy at trade market as well as buy energy at lower price. Such features of virtual power plant is expected to further fuel the demand. However, high-frequency of electromagnetic and radio waves leads to health concerns in infants and old people, which may hamper this growth. Nonetheless, stringent government regulations regarding eco-friendly power generation will further enhance the market for renewable energy, thus fueling the demand for virtual power plant market.
The global virtual power plant market is segmented based on technology, end user, and region. Based on technology, it is categorized into distribution generation, demand response, and mixed asset. Based on end user, it is divided into commercial, industrial, and residential. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Major players have adopted product launch, business expansion, and partnerships to sustain the intense market competition. The key players profiled in the report include ABB Ltd., AGL Energy, AutoGrid Systems, Inc., Enbala Power Networks, Enel X Inc., General Electric Company, Siemens AG, Schneider Electric SE, Limejump Ltd., and others.
KEY BENEFITS FOR STAKEHOLDERS
The global virtual power plant market analysis covers in-depth information of major industry participants.
Porters five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
Major countries have been mapped according to their individual revenue contribution to the regional market.
The report provides an in-depth analysis of the global virtual power plant market forecast for the period 20202027.
The report outlines the current global virtual power plant market trends and future estimations of the global virtual power plant market from 2019 to 2027 to understand the prevailing opportunities and potential investment pockets.
The key drivers, restraints, and global virtual power plant market opportunity and their detailed impact analysis is elucidated in the study.
KEY MARKET SEGMENTS
By Technology
Distribution Generation
Demand Response
Mixed Asset
By End User
Commercial
Industrial
Residential
By Region
North America
o U.S.
o Canada
o Mexico
Europe
o Germany
o France
o UK
o Italy
o Rest of Europe
Asia-Pacific
o China
o Japan
o India
o Australia
o Rest of Asia-Pacific
LAMEA
o Brazil
o Saudi Arabia
o South Africa
o Rest of LAMEA
CHAPTER 1:MARKET OVERVIEW
1.1.Market definition and scope
1.2.Key forces shaping global peer to peer lending market
1.3.Market dynamics
1.3.1.Drivers
1.3.1.1.Lesser operating cost and low market risk
1.3.1.2.Technologically advanced with added transparency over traditional banking system
1.3.2.Restraints
1.3.2.1.Risk of losing all money and higher government restraints
1.3.2.2.Lesser awareness of P2P lending benefits among population
1.3.3.Opportunities
1.3.3.1.Growing Chinese market and rise of small business lending
CHAPTER 2:GLOBAL PEER TO PEER LENDING MARKET, BY BUSINESS MODEL
2.1.Overview
2.2.Traditional Lending
2.2.1.Key market trends, growth factors and opportunities
2.2.2.Market size and forecast, by region
2.2.3.Market analysis, by country
2.3.Alternate Marketplace Lending
2.3.1.Key market trends, growth factors and opportunities
2.3.2.Market size and forecast, by region
2.3.3.Market analysis, by country
CHAPTER 3:GLOBAL PEER TO PEER LENDING MARKET, BY LOAN TYPE
3.1.Overview
3.2.Consumer Credit Loans
3.2.1.Key market trends, growth factors and opportunities
3.2.2.Market size and forecast, by region
3.2.3.Market analysis, by country
3.3.Small Business Loans
3.3.1.Key market trends, growth factors, and opportunities
3.3.2.Market size and forecast, by region
3.3.3.Market analysis, by country
3.4.Student Loans
3.4.1.Key market trends, growth factors, and opportunities
3.4.2.Market size and forecast, by region
3.4.3.Market analysis, by country
3.5.Real Estate Loans
3.5.1.Key market trends, growth factors, and opportunities
3.5.2.Market size and forecast, by region
3.5.3.Market analysis, by country
CHAPTER 4:GLOBAL PEER TO PEER LENDING MARKET, BY END USER
4.1.Overview
4.2.Business
4.2.1.Key market trends, growth factors and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market analysis, by country
4.3.Personal
4.3.1.Key market trends, growth factors and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market analysis, by country
CHAPTER 5:PEER TO PEER LENDING MARKET, BY REGION
5.1.Overview
5.1.1.Market size and forecast, by region
5.2.North America
5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by business model
5.2.3.Market size and forecast, by loan type
5.2.4.Market size and forecast, by end user
5.2.5.Market analysis, by country
5.2.5.2.U.S.
5.2.5.2.1.Market size and forecast, by business model
5.2.5.2.2.Market size and forecast, by loan type
5.2.5.2.3.Market size and forecast, by end user
5.2.5.3.Canada
5.2.5.3.1.Market size and forecast, by business model
5.2.5.3.2.Market size and forecast, by loan type
5.2.5.3.3.Market size and forecast, by end user
5.3.Europe
5.3.1.Key market trends, growth factors and opportunities
5.3.2.Market size and forecast, by business model
5.3.3.Market size and forecast, by loan type
5.3.4.Market size and forecast, by end user
5.3.5.Market analysis, by country
5.3.5.1.UK
5.3.5.1.1.Market size and forecast, by business model
5.3.5.1.2.Market size and forecast, by loan type
5.3.5.1.3.Market size and forecast, by end user
5.3.5.2.Germany
5.3.5.2.1.Market size and forecast, by business model
5.3.5.2.2.Market size and forecast, by loan type
5.3.5.2.3.Market size and forecast, by end user
5.3.5.3.France
5.3.5.3.1.Market size and forecast, by business model
5.3.5.3.2.Market size and forecast, by loan type
5.3.5.3.3.Market size and forecast, by end user
5.3.5.4.Netherlands
5.3.5.4.1.Market size and forecast, by business model
5.3.5.4.2.Market size and forecast, by loan type
5.3.5.4.3.Market size and forecast, by end user
5.3.5.5.Spain
5.3.5.5.1.Market size and forecast, by business model
5.3.5.5.2.Market size and forecast, by loan type
5.3.5.5.3.Market size and forecast, by end user
5.3.5.6.Italy
5.3.5.6.1.Market size and forecast, by business model
5.3.5.6.2.Market size and forecast, by loan type
5.3.5.6.3.Market size and forecast, by end user
5.3.5.7.Rest of Europe
5.3.5.7.1.Market size and forecast, by business model
5.3.5.7.2.Market size and forecast, by loan type
5.3.5.7.3.Market size and forecast, by end user
5.4.Asia-Pacific
5.4.1.Key market trends, growth factors and opportunities
5.4.2.Market size and forecast, by business model
5.4.3.Market size and forecast, by loan type
5.4.4.Market size and forecast, by end user
5.4.5.Market analysis, by country
5.4.5.1.Australia
5.4.5.1.1.Market size and forecast, by business model
5.4.5.1.2.Market size and forecast, by loan type
5.4.5.1.3.Market size and forecast, by end user
5.4.5.2.India
5.4.5.2.1.Market size and forecast, by business model
5.4.5.2.2.Market size and forecast, by loan type
5.4.5.2.3.Market size and forecast, by end user
5.4.5.3.Japan
5.4.5.3.1.Market size and forecast, by business model
5.4.5.3.2.Market size and forecast, by loan type
5.4.5.3.3.Market size and forecast, by end user
5.4.5.4.South Korea
5.4.5.4.1.Market size and forecast, by business model
5.4.5.4.2.Market size and forecast, by loan type
5.4.5.4.3.Market size and forecast, by end user
5.4.5.5.Singapore
5.4.5.5.1.Market size and forecast, by business model
5.4.5.5.2.Market size and forecast, by loan type
5.4.5.5.3.Market size and forecast, by end user
5.4.5.6.Rest of Asia-Pacific
5.4.5.6.1.Market size and forecast, by business model
5.4.5.6.2.Market size and forecast, by loan type
5.4.5.6.3.Market size and forecast, by end user
5.5.LAMEA
5.5.1.Key market trends, growth factors and opportunities
5.5.2.Market size and forecast, by business model
5.5.3.Market size and forecast, by loan type
5.5.4.Market size and forecast, by end user
5.5.5.Market analysis, by country
5.5.5.1.Latin America
5.5.5.1.1.Market size and forecast, by business model
5.5.5.1.2.Market size and forecast, by loan type
5.5.5.1.3.Market size and forecast, by end user
5.5.5.2.Middle East
5.5.5.2.1.Market size and forecast, by business model
5.5.5.2.2.Market size and forecast, by loan type
5.5.5.2.3.Market size and forecast, by end user
5.5.5.3.Africa
5.5.5.3.1.Market size and forecast, by business model
5.5.5.3.2.Market size and forecast, by loan type
5.5.5.3.3.Market size and forecast, by end user
CHAPTER 6:COMPANY PROFILES
6.1.Avant, LLC.
6.1.1.Company overview
6.1.2.Key Executives
6.1.3.Company snapshot
6.1.4.Product portfolio
6.1.5.Key strategic moves and developments
6.2.Funding Circle
6.2.1.Company overview
6.2.2.Key Executives
6.2.3.Company snapshot
6.2.4.Product portfolio
6.2.5.Key strategic moves and developments
6.3.Kabbage Inc.
6.3.1.Company overview
6.3.2.Key Executives
6.3.3.Company snapshot
6.3.4.Product portfolio
6.3.5.Key strategic moves and developments
6.4.Lending Club Corporation
6.4.1.Company overview
6.4.2.Key Executives
6.4.3.Company snapshot
6.4.4.Product portfolio
6.4.5.Business performance
6.4.6.Key strategic moves and developments
6.5.LendingTree, LLC
6.5.1.Company overview
6.5.2.Key Executives
6.5.3.Company snapshot
6.5.4.Operating business segments
6.5.5.Product portfolio
6.5.6.Business performance
6.6.OnDeck
6.6.1.Company overview
6.6.2.Key Executives
6.6.3.Company snapshot
6.6.4.Product portfolio
6.6.5.Business performance
6.6.6.Key strategic moves and developments
6.7.Prosper Funding LLC
6.7.1.Company overview
6.7.2.Key Executives
6.7.3.Company snapshot
6.7.4.Product portfolio
6.7.5.Business performance
6.7.6.Key strategic moves and developments
6.8.RateSetter
6.8.1.Company overview
6.8.2.Key Executives
6.8.3.Company snapshot
6.8.4.Product portfolio
6.8.5.Business performance
6.8.6.Key strategic moves and developments
6.9.Social Finance, Inc
6.9.1.Company overview
6.9.2.Key Executives
6.9.3.Company snapshot
6.9.4.Product portfolio
6.9.5.Key strategic moves and developments
6.10.Zopa Bank Limited
6.10.1.Company overview
6.10.2.Key Executives
6.10.3.Company snapshot
6.10.4.Product portfolio
6.10.5.Key strategic moves and developments
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