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Global Power Purchase Agreement Market to reach USD 17.01 billion by the end of 2029

Global Power Purchase Agreement Market Size study & Forecast, by Type (Physical PPA, Portfolio PPA, Block Delivery PPA, Others), by Application (Wind, Solar, Hydro, Geothermal, Others), by End-Use (Corporate, Merchant, Residential) and Regional Analysis, 2022-2029

Product Code: EPRE-84358599
Publish Date: 10-04-2023
Page: 200

Global Power Purchase Agreement Market is valued at approximately USD 11.6 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 4.9% over the forecast period 2022-2029. Power Purchase Agreement can be defined as a long-term electricity supply agreement between two parties. The agreement is generally signed between a power producer and a customer (Industrial or trader). The agreement comprised of rules and conditions which include the amount of electricity to be supplied, mutually agreed price, accounting of energy, and penalties for non-compliance with underline rules. Moreover, certain elements are common across all PPAs such as different considerations that apply for mid-range or peaking thermal plants or plants using different power generation sources including wind or solar for power production. The increasing adoption of renewable energy sources and growing electricity demand worldwide are key factors driving the market growth.

Over the years the demand for electricity has significantly increased due to growing industrialization and rising adoption of electric vehicles. For instance – as per Statista – as of 2020, the global electricity demand was estimated at 23,995 Terawatt hours, and as per projections the global electricity demand reach to 29463 Terawatt hours by 2030, and further 35277 Terawatt hours by 2040. Also, increasing investment in onsite and offsite clean energy power plants and rising industrialization in developing economies would create a lucrative growth prospectus for the market over the forecast period. However, the lack of incentives & government support coupled with improper regulatory framework impede the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Power Purchase Agreement Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to production of power through renewable sources and presence of leading market players in the region. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising public-private spending on renewable energy sources as well as favorable government initiatives that positively influence the market growth over the forecast period in the region.

Major market players included in this report are:
General Electric Company
Siemens AG
Statkraft Group
Ameresco Inc.
Enel S.p.A.
RES Group
Schneider Electric
Shell Plc.
Engie SA

Recent Developments in the Market:
 In November 2022, RWE announced the expansion of its green portfolio and enhances security of supply during energy crisis. In 2022, the company extended its green portfolio by 1.3 gigawatts and further 9.4 gigawatts through buildouts and acquisitions.

 In August 2022, Siemens Gamesa signed an agreement with ACEN CORPORATION to Develop a 70 MW Wind Farm in Philippines. The development is intended to fulfil the increasing demand for renewable energy in the country.

Global Power Purchase Agreement Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, Application, End-Use, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type
Physical PPA
Portfolio PPA
Block Delivery PPA

By Application

By End-Use

By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Power Purchase Agreement Market, by Region, 2019-2029 (USD Billion)
1.2.2. Power Purchase Agreement Market, by Type, 2019-2029 (USD Billion)
1.2.3. Power Purchase Agreement Market, by Application, 2019-2029 (USD Billion)
1.2.4. Power Purchase Agreement Market, by End-Use, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Power Purchase Agreement Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Power Purchase Agreement Market Dynamics
3.1. Power Purchase Agreement Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Increasing adoption of renewable energy sources Growing electricity demand worldwide
3.1.2. Market Challenges Lack of incentives & government support
3.1.3. Market Opportunities Increasing investment in onsite and offsite clean energy power plants Rising industrialization in developing economies
Chapter 4. Global Power Purchase Agreement Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Power Purchase Agreement Market, by Type
6.1. Market Snapshot
6.2. Global Power Purchase Agreement Market by Type, Performance – Potential Analysis
6.3. Global Power Purchase Agreement Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
6.4. Power Purchase Agreement Market, Sub Segment Analysis
6.4.1. Physical PPA
6.4.2. Portfolio PPA
6.4.3. Block Delivery PPA
6.4.4. Others
Chapter 7. Global Power Purchase Agreement Market, by Application
7.1. Market Snapshot
7.2. Global Power Purchase Agreement Market by Application, Performance – Potential Analysis
7.3. Global Power Purchase Agreement Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
7.4. Power Purchase Agreement Market, Sub Segment Analysis
7.4.1. Wind
7.4.2. Solar
7.4.3. Hydro
7.4.4. Geothermal
7.4.5. Others
Chapter 8. Global Power Purchase Agreement Market, by End-Use
8.1. Market Snapshot
8.2. Global Power Purchase Agreement Market by End-Use, Performance – Potential Analysis
8.3. Global Power Purchase Agreement Market Estimates & Forecasts by End-Use 2019-2029 (USD Billion)
8.4. Power Purchase Agreement Market, Sub Segment Analysis
8.4.1. Corporate
8.4.2. Merchant
8.4.3. Residential
Chapter 9. Global Power Purchase Agreement Market, Regional Analysis
9.1. Power Purchase Agreement Market, Regional Market Snapshot
9.2. North America Power Purchase Agreement Market
9.2.1. U.S. Power Purchase Agreement Market Type breakdown estimates & forecasts, 2019-2029 Application breakdown estimates & forecasts, 2019-2029 End-Use breakdown estimates & forecasts, 2019-2029
9.2.2. Canada Power Purchase Agreement Market
9.3. Europe Power Purchase Agreement Market Snapshot
9.3.1. U.K. Power Purchase Agreement Market
9.3.2. Germany Power Purchase Agreement Market
9.3.3. France Power Purchase Agreement Market
9.3.4. Spain Power Purchase Agreement Market
9.3.5. Italy Power Purchase Agreement Market
9.3.6. Rest of Europe Power Purchase Agreement Market
9.4. Asia-Pacific Power Purchase Agreement Market Snapshot
9.4.1. China Power Purchase Agreement Market
9.4.2. India Power Purchase Agreement Market
9.4.3. Japan Power Purchase Agreement Market
9.4.4. Australia Power Purchase Agreement Market
9.4.5. South Korea Power Purchase Agreement Market
9.4.6. Rest of Asia Pacific Power Purchase Agreement Market
9.5. Latin America Power Purchase Agreement Market Snapshot
9.5.1. Brazil Power Purchase Agreement Market
9.5.2. Mexico Power Purchase Agreement Market
9.5.3. Rest of Latin America Power Purchase Agreement Market
9.6. Rest of The World Power Purchase Agreement Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. General Electric Company Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.2.2. Siemens AG
10.2.3. Statkraft Group
10.2.4. Ameresco Inc.
10.2.5. Enel S.p.A.
10.2.6. Ecohz
10.2.7. RES Group
10.2.8. Schneider Electric
10.2.9. Shell Plc.
10.2.10. RWE AG
10.2.11. Engie SA
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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