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What’s driving the Hybrid Power Solutions Market Growth? | Top Key Players: GE, Siemens Gamesa, Vestas, Vattenfall, Goldwind, Suzlon Group, Tesla, SMA Solar Technology AG, Enel Green Power

06-13-2019 01:13 PM CET | Energy & Environment

Press release from: Global Market Insights, Inc.,

Hybrid Power Solutions Market

Hybrid Power Solutions Market

Hybrid Power Solutions Market growth will be driven by rising demand for clean fuel off grid electricity along with favorable regulatory measures to supply electricity to remote areas. 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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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.

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 FIT’s 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.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. GE
2. Siemens Gamesa
3. Vestas
4. Vattenfall
5. Goldwind
6. Suzlon Group
7. Tesla
8. SMA Solar Technology AG
9. Enel Green Power
10. ContourGlobal
11. A123 Systems
12. ReGen Powertech

Chapter 3 Hybrid Power Solutions Market 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 Germany 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 Enhanced power quality and security of supply Favourable government initiatives Growing electricity demand Positive outlook towards renewable energy Increasing off-grid electricity demand
3.6.2 Industry pitfalls and challenges 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 SMA Solar Technologies Mergers & Acquisitions Diversification Geographical expansion Vestas Mergers & Acquisitions Sterling & Wilson Diversification Siemens Diversification AEG Product launch
3.15 PESTEL Analysis
3.16 Renewable energy storage trends & outlook

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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.

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.

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 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.

Prominent players in hybrid power solutions market include ReGen Powertech, GE, Siemens Gamesa, Vestas, Vattenfall, Goldwind, Suzlon Group, Alpha Wind Energy, Blue Pacific Solar, Zenith Solar, Alternate Energy Inc., Polar Power Inc., Grupo Dragon, Tesla, A123 Systems, AESC, Inc., MPower Group, SMA Solar Technology AG, Enel Green Power, ContourGlobal, and Danvest - Hybrid Power.

Browse key industry insights spread across 330 pages with 912 market data tables & 38 figures & charts from the report, Hybrid Power Solutions Market in detail along with the table of contents:

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

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