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Hybrid Power Solutions Market 2018-2024: Global Industry Analysis By Top Key Players are Blue Pacific Solar, General Electric, Gamesa Wartsila, Zenith Power Systems, Polar Power, Unitron Energy, VONK, Star Sight, Danvest, Vestas, Alpha Windmills, Grupo Dr

09-27-2018 12:36 PM CET | Energy & Environment

Press release from: Global Market Insights, Inc.

Hybrid Power Solutions Market

Hybrid Power Solutions Market

Market Overview: -

According to latest study by Global Market Insights, Inc., Hybrid Power Solutions Market share is predicted to surpass USD 60 billion 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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Top Key Players:

Key industry participants in the hybrid power solutions market include Blue Pacific Solar, General Electric, Gamesa Wartsila, Zenith Power Systems, Polar Power, Unitron Energy, VONK, Star Sight, Danvest, Vestas, Alpha Windmills, Grupo Dragon, BWSC, FlexGen, A123 systems, Tesla Windlab 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.

UK hybrid power solutions market is predicted to grow over 5% by 2024. Government focus toward raising the dependency on sustainable and effective power generation to achieve green energy economy structure will positively impact the hybrid power solutions market growth. Developers across the region are working aggressively toward the enhancement of CUF for their existing power plants. In 2016, Ecotricity announced plans for three new hybrid renewable energy parks that will be generating electricity with a mix of wind and solar energy with overall capacity of 5 MW. The company is approaching 100 MW generation from solar-wind technology by adding green gas mills as a part of new blueprint for Britain.

China hybrid power solutions market is anticipated to grow over 3% by 2024. Growing funding toward the deployment of clean energy sources to reduce carbon footprints along with introduction of various targets to overcome the rising electricity demand will embellish the industry growth. In 2015, the government of China has introduced a solar wind system, with an overall capacity of 300 MW that aims to meet the electricity demand by serving 2000 people across the region.

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Partial Chapter of the Table of Content

Chapter 1 Methodology & Scope
1.1 Methodology
1.2 Market definitions
1.3 Market estimation & forecast parameters
1.4 Data Sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid Sources
1.4.2.2 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
3.5.1 U.S.
3.5.2 India
3.5.3 Europe
3.5.3.1 Germany
3.5.3.2 UK
3.5.4 Australia
3.5.5 China
3.5.6 South Africa
3.5.7 Chile
3.5.8 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 Favourable government initiatives
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 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
3.12.2 Europe
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
3.14.1.1 SMA Solar Technologies
3.14.1.1.1 Mergers & Acquisitions
3.14.1.1.2 Diversification
3.14.1.1.3 Geographical expansion
3.14.1.2 Vestas
3.14.1.2.1 Mergers & Acquisitions
3.14.1.3 Sterling & Wilson
3.14.1.3.1 Diversification
3.14.1.4 Siemens
3.14.1.4.1 Diversification
3.14.1.5 AEG
3.14.1.5.1 Product launch
3.15 PESTEL Analysis
3.16 Renewable energy storage trends & outlook

Browse Full Report @ https://bit.ly/2mmMkks

Standalone hybrid power solutions market is set to grow on account of rising demand for reliable and safe electricity supply primarily across remote off-grid areas. In 2017, Juhl energy announced the development of community based solar-wind hybrid project in U.S. with an overall capacity of 4.5 MW. Growing demand for renewable energy, the need for improving grid reliability and stability, and low installation costs are some of the prominent features that make its adoption viable.

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.

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: www.gminsights.com

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