Press release
Hybrid Solar Wind Energy Storage Market Top Key Players are: ReGen Powertech, GE, Suzlon, Vestas, Siemens Gamesa, Vattenfall AB, Goldwind, Alpha Windmills, Zenith Solar, Unitron Energy, Polar Power
Global Market Insights, Inc.
Hybrid Solar Wind Energy Storage Market size to the cumulative capacity is set to exceed 1 GW by 2024. Introduction of several targets and norms to promote the adoption of sustainable energy across the commercial buildings will fuel the hybrid solar wind energy storage market growth. Growing service industry across urban area with an objective to achieve energy efficiency will further complement the business outlook. In 2014, European Union introduced EU “20-20-20” target with an objective to reduce GHG emissions to 20% by increasing renewable energy share in the total energy mix by 2020.
Growing funding from private and public institutions including International Finance Corporation, Asian and African Development Bank toward the electrification across the isolated and off grid areas will propel the hybrid solar wind energy storage market size. According to International Energy Agency, USD 718 billion was invested toward electrification worldwide in 2016.
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Top Key Players:-
Eminent participants in hybrid solar wind energy storage market includes Siemens Gamesa, UNITRON, Grupo Dragon, ReGen Powertech, General Electric, Goldwind, Suzlon, Blue Pacific Solar, Vestas, Vattenfall, Tesla and Zenith Solar Systems.
Market share calculation in this report is not done based on companies covered in it. The calculation of hybrid solar wind energy storage market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Regional Segmentations: -
UK hybrid solar wind energy storage market share will witness growth owing to positive outlook toward renewable energy economy structure by increasing their dependency on effective, reliable and sustainable power generation sources. Technological innovation in design of renewable systems to enhance capacity utilization factor will further augment the industry growth.
Advancement in technology along with introduction of targets and norms to minimize carbon emissions will drive the Australia hybrid solar wind energy storage market share. In 2017, Vestas introduced utility scale project that has ability to generate 15MW of solar & 43.2 MW of wind energy and 2MW battery storage.
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Partial Chapter of the Table of Content
Chapter 3 Hybrid Solar Wind Energy Storage Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2013 – 2024
3.3 Industry ecosystem analysis
3.3.1 Vendor matrix
3.4 Innovation & sustainability
3.5 Regulatory landscape
3.5.1 U.S.
3.5.2 India
3.5.3 Europe
3.5.3.1 France
3.5.3.2 Germany
3.5.3.3 UK
3.5.4 Australia
3.5.5 China
3.5.6 South Africa
3.5.7 Chile
3.5.8 International Battery Standards and Testing
3.5.9 International hybrid grid standards
3.6 Industry impact forces
3.6.1 Growth drivers
3.6.1.1 Enhanced power quality and security of supply
3.6.1.2 Improved system efficiency and longevity
3.6.1.3 Growing electricity demand
3.6.1.4 Positive outlook towards renewable energy
3.6.1.5 Increasing off-grid electricity demand
3.6.2 Industry pitfalls and challenges
3.6.2.1 High initial investment
3.7 Price trend analysis
3.7.1 Normalized price trend
3.7.2 Price trend analysis, by battery
3.8 Growth potential analysis
3.9 Porter’s Analysis
3.10 Competitive landscape, 2016
3.10.1 Strategy dashboard
3.10.1.1 Siemens AG
3.10.1.2 Vestas
3.10.1.3 GE
3.11 PESTEL Analysis
3.12 Renewable energy storage trends & outlook
Chapter 4 Hybrid Solar Wind Energy Storage Market, By Product
4.1 Hybrid solar wind energy storage market share by product, 2016 & 2024
4.2 Standalone
4.2.1 Global market from standalone, 2013 - 2024
4.2.2 Global market from standalone, by region, 2013 – 2024
4.3 Grid connected
4.3.1 Global market from grid connected, 2013 - 2024
4.3.2 Global market from grid connected, by region, 2013 – 2024
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Rising awareness toward adoption of renewable technologies coupled with growing electricity demand primarily across the commercial and residential establishments will stimulate the U.S. hybrid solar wind energy storage market. In 2017, General Electric joint ventured with Juhi Energy to build 4.6MW of community-based hybrid project consisting of both wind and solar technologies across Minnesota.
Grid connected segment is predicted to witness growth owing to favorable government measures to promote the deployment of sustainable technologies. Carbon credit, net metering and feed in tariff are some of the incentives introduced by government to promote adoption of clean energy systems. Rising concern to get reliable and continuous supply of electricity to execute daily business operations effectively will further complement the business outlook.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
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