What’s Driving the Hybrid Solar Wind Energy Storage Market Trends? | Global Players Like Vestas, Siemens Gamesa, GE, ReGen Powertech, A123 Systems, Tesla, Suzlon Group, Goldwind, Vattenfall

Hybrid Solar Wind Energy Storage Market growth is driven by rising funding from private and public institutions including International Finance Corporation, Asian and African Development Bank toward the electrification across the isolated and off grid areas. According to International Energy Agency, USD 718 billion was invested toward electrification worldwide in 2016.

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.

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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.

Rising awareness toward adoption of renewable technologies coupled with growing electricity demand primarily across the commercial and residential establishments will stimulate the U.S. hybrid solar wind energy storage market. In 2017, General Electric joint ventured with Juhi Energy to build 4.6MW of community-based hybrid project consisting of both wind and solar technologies across Minnesota.

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

• ReGen Powertech
• General Electric
• Siemens Gamesa Renewable Energy
• Vestas
• Vattenfall AB
• Goldwind
• Suzlon Energy Limited
• Alpha Windmills
• Blue Pacific Solar Products
• Zenith Solar Systems
• UNITRON Energy System
• Alternate Energy Company
• Supernova Technologies Private Limited
• Polar Power Inc.
• Grupo Dragon
• Tesla
• A123 systems, LLC
• Automotive Energy Supply Corporation (AESC)

Chapter 3 Hybrid Solar Wind Energy Storage 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
3.5.3.1 France
3.5.3.2 Germany
3.5.3.3 UK
3.5.4 Australia
3.5.5 China
3.5.6 South Africa
3.5.7 Chile
3.5.8 International Battery Standards and Testing
3.5.9 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 Improved system efficiency and longevity
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 Normalized price trend
3.7.2 Price trend analysis, by battery
3.8 Growth potential analysis
3.9 Porter’s Analysis
3.10 Competitive landscape, 2016
3.10.1 Strategy dashboard
3.10.1.1 Siemens AG
3.10.1.2 Vestas
3.10.1.3 GE
3.11 PESTEL Analysis
3.12 Renewable energy storage trends & outlook

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Hybrid solar wind energy storage market in 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.

Hybrid Solar Wind Energy Storage Market size is expected to surpass USD 1.5 billion by 2024. Introduction of several targets and norms to promote the adoption of sustainable energy across the commercial buildings will fuel the market growth. Growing service industry across urban area with an objective to achieve energy efficiency will further complement the business outlook. In 2014, European Union introduced EU “20-20-20” target with an objective to reduce GHG emissions to 20% by increasing renewable energy share in the total energy mix by 2020.

Introduction of several norms pertaining to hybrid energy will positively influence the India hybrid solar wind energy storage market. In 2016, India introduced National Wind-Solar Hybrid Policy to achieve installations of 10 GW hybrid by 2022. The country also announced to invest USD 155 million to construct 160 MW project.

Key market players operating in the hybrid solar wind energy storage market 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

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