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Suzlon, Tesla, Blue Pacific Solar, Zenith Solar Systems, General Electric, Siemens Gamesa, Goldwind, Vattenfall, UNITRON,Profiled in Hybrid Solar Wind Energy Storage Market Report 2018 by Global Market Insights, Inc.

10-12-2018 07:47 AM CET | Energy & Environment

Press release from: Global Market Insights, Inc.

Hybrid Solar Wind Energy Storage Market

Hybrid Solar Wind Energy Storage Market

Hybrid Solar Wind Energy Storage Market growth will be driven by Increasing demand for reliable and uninterrupted power supply and environmental concerns along with the introduction of national renewable integration targets by respective governments. Favorable government policies and subsidies to promote the deployment of clean energy systems will stimulate the product demand.

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.

Request for a sample of this research report @ www.gminsights.com/request-sample/detail/2438

Ongoing government measures in terms of Net metering, FIT and carbon credit will drive the grid connected hybrid solar wind energy storage market. Growing concerns to get continuous and reliable electricity supply to effectively execute the daily business operations will further augment the industry growth.

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.

High end technology advancement coupled with introduction of norms to reduce the carbon footprints will stimulate the Australia market. In 2017, Vestas announced the world’s first utility-scale project that has a potential to generate and store energy including 43.2 MW of wind, 15 MW of solar and 2MW battery storage.

Global Hybrid Solar Wind Energy Storage Market for 2016 was over USD 1 billion and will exceed USD 1.5 Billion by 2024.

Growth Drivers:

. Enhanced power quality and security of supply

. Improved system efficiency and longevity

. Growing electricity demand

. Positive outlook towards renewable energy

. Increasing off-grid electricity demand

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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.

India market is anticipated to witness strong growth over the forecast time frame. Introduction of hybrid energy specific norms will boost the installation at significant rate. In 2016, India has become the first country to develop a draft “National Wind-Solar Hybrid Policy” with an aim to achieve 10 GW hybrid installations by 2022. The country is also planning to develop a 160-MW mega project with a total investment of USD 155 million.

Key market players operating in the hybrid solar wind energy storage industry comprise of General Electric, Vestas, Siemens Gamesa, Goldwind, Vattenfall, UNITRON, Suzlon, Tesla, Grupo Dragon, Blue Pacific Solar, Zenith Solar Systems and ReGen Powertech.

Browse key industry insights spread across 180 pages with 196 market data tables & 17 figures & charts from the report, Hybrid Solar Wind Energy Storage Market in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/hybrid-solar-wind-energy-storage-market

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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