Press release
Hybrid Solar Wind Market Key player includes ReGen Powertech, Blue Pacific Solar Product, Inc., UNITRON Energy System Pvt. Ltd, Alternate Energy Company, Polar Power
Hybrid Solar Wind Market
manufacturing cost has witnessed a significant price drop since 2012, owing to technological advancement.
Growing demand for reliable electricity coupled with strict government norms to reduce carbon footprints will further compliment the industry outlook. Developed
nations led by the U.S. has introduced various initiatives to promote energy conservation and reduce greenhouse emissions.
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High initial costs and lack of awareness may restrain industry demand over the next few years. Grid connected hybrid solar wind market size was valued over USD 190
million in 2015 and is predicted to grow at over 10% by 2024. Low installation cost, feed in tariff and net metering are some of the advantages offered by grid
connected system.
Key insights from the report include:
U.S. hybrid solar wind market size was valued at USD195 million in 2015 and is estimated to reach over USD 300 million by 2024.Government incentives such as tax
rebate and increasing emphasis on renewable energy have encouraged regional industry growth.
India is set to exceed 30MW in installation by 2024 and is estimated to grow at over 20% CAGR during forecast period. Government initiatives toward rural
electrification and initiatives to promote sustainable energy will drive the hybrid solar wind market size.
South Africa hybrid solar wind market share was valued at 6MW, which will translate to over USD 12 million revenue through to the forecast timeline. Nigeria hybrid
solar wind market size was 0.17 MW in 2015 and in terms of revenue, is estimated to witness gain over 16% from 2016 to 2024. Increasing off grid electricity demand
will stimulate industry growth in future.
Australia hybrid solar wind market size was over 1 MW in 2015 and is expected to reach over 40 MW by 2024.Increasing investment trend in renewable energy may
favor the industry growth. In march 2016, Australian government funded USD 1 billion which will provide equity and debt for clean energy technology.
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Chile was valued at over 13 MW and is estimated to grow over 11% through, in revenue terms by 2024.
Major participants in the industry are Grupo Dragon, ReGen Powertech, Polar Power, Inc, Supernova Technologies Private Limited, Blue Pacific Solar Product,
Gamesa, UNITRON, Zenith System, Alternate Energy Company, Alpha Windmills.
Report Content
Chapter 1 Methodology & Scope
Chapter 2 Executive Summary
Chapter 3 Hybrid Solar Wind Industry Insights
Chapter 4 Hybrid Solar Wind Product Insights
Chapter 5 Hybrid Solar Wind End Use Insights
Chapter 6 Hybrid Solar Wind Regional Insights
Chapter 7 Competitive Insights
Data Tables
TABLE 1 Hybrid solar wind industry 3600 synopsis, 2013 - 2024
TABLE 2 Global hybrid solar wind market estimates, 2013 - 2015 (Volume& Revenue)
TABLE 3 Global hybrid solar wind market estimates, 2016 - 2024 (Volume& Revenue)
TABLE 4 Global hybrid solar wind market by region, 2013 - 2024 (MW)
TABLE 5 Global hybrid solar wind market estimates by region, 2013 – 2015 (USD Million)
TABLE 6 Global hybrid solar wind market estimates and forecast, 2016 - 2024 (USD Million)
TABLE 7 Global hybrid solar wind market by product, 2013 - 2024 (MW)
TABLE 8 Global hybrid solar wind market by product, 2013 - 2015 (USD Million)
TABLE 9 Global hybrid solar wind market by product, 2016 - 2024 (USD Million)
TABLE 10 Global hybrid solar wind market by end use, 2013 - 2024 (MW)
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