Hybrid Power Solutions Market Key Players are: General Electric, Wartsila, Gamesa, VONK, Polar Power, Vestas, Danvest, BWSC, Grupo Dragon, FlexGen, Sterling & Wilson, Blue Pacific Solar, A123 systems
Hybrid Power Solutions Market is set to exceed the cumulative capacity of 9 GW by 2024. Growing focus toward grid integration for renewable sources will stimulate the hybrid power solutions market. Increasing penetration of renewable technologies along with ongoing adoption of sustainable solutions will foster the business landscape. In 2017, Vestas, Tesla and Windlab has initiated the backup support to Clean Energy Finance Corporation for the construction of Kennedy Energy Park which will be capable to generate 60 MW of electricity from hybrid solar wind technology.
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Paradigm shift towards decentralized power generation coupled with rising demand for environment friendly technology will complement the hybrid power solutions market share. Introduction of favorable regulatory norms including subsidies, leverage schemes and FITRs will positively influence the product demand. In 2010, the government of India has initiated the promotion of hybrid power generation by facilitating a subsidy of USD 1,450 per kW to the community users.
Top Key Players:-
Eminent players serving the hybrid power solutions market includes Tesla Windlab, General Electric, Blue Pacific Solar, Gamesa Wartsila, Unitron Energy, Polar Power, Zenith Power Systems, Star Sight, VONK, Vestas, Grupo Dragon, Danvest, Alpha Windmills, BWSC, A123 systems, FlexGen, and Sterling & Wilson.
Market share calculation in this report is not done based on companies covered in it. The calculation of hybrid power solutions 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: -
U.S. hybrid power solutions market is projected to surpass the cumulative capacity of 900 MW by 2024. Increasing awareness toward standalone power generation units primarily for the consumption across residential establishments will foster the industry growth. Advancement in technology coupled with the growing need for uninterrupted power supply will complement the product penetration.
China hybrid power solutions market will grow over 3% by 2024. Introduction of targets to overcome the growing electricity demand along with government measures toward installation of renewable energy systems will positively impact the industry growth. Economies of scale and technology advancement resulting in significant decline in component cost for renewable power generation stations will further stimulate the industry outlook.
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Partial Chapter of the Table of Content
Chapter 1 Methodology & Scope
1.2 Market definitions
1.3 Market estimation & forecast parameters
1.4 Data Sources
220.127.116.11 Paid Sources
18.104.22.168 Public Sources
Chapter 2 Executive Summary
2.1 Hybrid power solutions 3600 synopsis, 2013 – 2024
2.1.1 Business trends
2.1.2 Technology trends
2.1.3 Product trends
2.1.4 End use trends
2.1.5 Regional trends
Chapter 3 Hybrid Power Solutions 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
3.5.6 South Africa
3.5.8 International hybrid grid standards
3.6 Industry impact forces
3.6.1 Growth drivers
22.214.171.124 Enhanced power quality and security of supply
126.96.36.199 Favourable government initiatives
188.8.131.52 Growing electricity demand
184.108.40.206 Positive outlook towards renewable energy
220.127.116.11 Increasing off-grid electricity demand
3.6.2 Industry pitfalls and challenges
18.104.22.168 High initial investment
3.7 Price trend analysis
3.7.1 Price trend analysis, by region
3.7.2 Price trend analysis, by technology
3.8 Growth potential analysis
3.9 Key customer requirements
3.9.1 Customer group requirements
3.10 Entry barriers
3.11 Key hybrid power generation projects
3.11.1 Upcoming projects
3.11.2 Executed projects
3.12 Degree of competition
3.12.1 North America
3.12.3 Asia Pacific
3.12.4 Middle East & Africa
3.12.5 Latin America
3.13 Porter’s Analysis
3.14 Competitive landscape, 2017
3.14.1 Strategy dashboard
22.214.171.124 SMA Solar Technologies
126.96.36.199.1 Mergers & Acquisitions
188.8.131.52.3 Geographical expansion
184.108.40.206.1 Mergers & Acquisitions
220.127.116.11 Sterling & Wilson
18.104.22.168.1 Product launch
3.15 PESTEL Analysis
3.16 Renewable energy storage trends & outlook
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Growing adoption of sustainable building codes and standards pertaining to energy efficiency along with development of advanced energy solutions for environment friendly buildings will propel the standalone hybrid power solutions market. In addition, the increasing adoption of low cost, smart integrated technologies and energy efficient systems will impact product adoption. In 2017, the U.S. has witnessed the development of community-based hybrid project powered by Juhl energy accounting for a capacity of 4.5 MW.
Rising demand for clean fuel off grid electricity along with favorable regulatory measures to supply electricity to remote areas will foster the hybrid solar-wind power solutions market. Developers are significantly focusing toward the improvisation of capacity utilization factor along with shifting focus toward raising the dependency on effective and sustainable power generation.
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