What’s Driving the Hybrid Power Solutions Market Growth? | Top Key Players are GE, Siemens Gamesa, Vestas, Vattenfall, Goldwind, Suzlon Group, Tesla, SMA Solar Technology AG, Enel Green Power
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.
Request for a sample of this research report @ www.gminsights.com/request-sample/detail/2552
Increasing focus on developing alternate energy sources has boosted the hybrid power solutions market, as implementation of multiple means of electricity generation is being preferred to support the existing power grids. While the electricity demand keeps on surging throughout the world, governments are working with power sector experts to promote the adoption of solar and wind energy, in a standalone capacity as well as within previously installed conventional energy systems. Integration of these renewable sources with any prevailing electricity gird strengthens its reliability and creates an efficient backup power supply, demonstrating how the hybrid power solution industry could help stabilize the power grids. As the world is witnessing unprecedented levels of electricity consumption, the inefficiency of existing grid infrastructure is being realized and has stressed the need for developing continuous power supply, propelling the hybrid power solution market.
The depleting reserves of conventional natural resources like coal and oil have coerced authorities to diversify their energy portfolio and incorporate sustainable energy within the power matrix. Electricity can now be produced by combining solar panels, wind turbines and diesel-powered generators at a single power plant, ensuring uninterrupted supply and sufficient electricity backup. Eco-friendly hybrid plants without any fossil fuel-based equipment also exist, as cumulative harnessing of solar and wind power is becoming common at locations which receive enormous amount of sunlight and experience sufficiently strong winds. Communities and businesses operating in remote areas can achieve energy security due to reduced dependency on the unreliable single-source girds, enabling expansion of the hybrid power solutions market in developing countries.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
2. Siemens Gamesa
6. Suzlon Group
8. SMA Solar Technology AG
9. Enel Green Power
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
3.4.1 General Electric
3.4.2 Enel Green Power
3.4.3 Genesys LLC
3.5 Regulatory landscape
3.5.1 Asia Pacific
3.5.2 North America
3.5.4 Middle East & Africa
220.127.116.11 South Africa
3.5.5 Latin America
3.6 Industry impact forces
3.6.1 Growth drivers
18.104.22.168 Growing electricity demand
22.214.171.124 Favorable government initiatives
126.96.36.199 Increasing off-grid electricity demand
188.8.131.52 Growing investments in rural electrification
184.108.40.206 Increasing demand for clean energy
220.127.116.11.1 Renewable Energy Targets
3.6.2 Industry pitfalls and challenges
18.104.22.168 High initial investment
22.214.171.124 Lack of awareness
3.7 Price trend analysis, by component
3.7.1 Solar Module
3.7.3 Small Wind Turbine
3.8 Growth potential analysis
3.9 Porter’s Analysis
3.10 Competitive landscape, 2017
3.10.1 Strategy dashboard
126.96.36.199 Siemens AG
188.8.131.52.2 Strategic business initiatives and projects
184.108.40.206.2 Strategic business initiatives and projects
3.11 PESTEL Analysis
Powertech Hybrid power solutions market has garnered a considerably high traction over the past few years, primarily on account of the increasing demand for power generation with minimized fuel and reduced carbon emissions. In the face of the alarming price trends of petroleum products, potential contenders in the global energy landscape have been scrupulously thriving on renewable sources. The increasing popularity of hybrid power solution market can be largely credited to this fundamental transition. Moreover, lack of grid connectivity across remote belts and the subsequent unreliability in power supply often compel electric utilities to incline toward hybrid power system installation in recent years. The abundant availability of various governmental incentives such as feed-in-tariffs, subsidies, and leverage schemes further complements the business growth.
Make an inquiry for buying this report @ www.gminsights.com/inquiry-before-buying/2552
In this regard, recently India’s Ministry of New and Renewable Energy (MNRE) recently enforced a new National Wind-Solar Hybrid Policy. Reportedly, this newly launched regulatory framework would be promoting huge grid-connected wind-solar Photovoltaics hybrid systems, in a bid to efficiently utilize the existing transmission capacity of the country. Needless to mention, these kinds of regulatory initiatives have played a pivotal role in proliferating hybrid power solutions market trends.
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. The large-scale integration of multiple renewable resource in a single platform requires grid operation to be extremely fast, flexible and responsive. The contemporary innovations that hybrid power solutions market is presently characterized by is majorly influenced by this particular rationale.
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.
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release What’s Driving the Hybrid Power Solutions Market Growth? | Top Key Players are GE, Siemens Gamesa, Vestas, Vattenfall, Goldwind, Suzlon Group, Tesla, SMA Solar Technology AG, Enel Green Power here
News-ID: 1790109 • Views: 907
More Releases from Global Market Insights, Inc.
Polyalkylene Glycol Market will show exponential growth till 2024 | Top Players …
Global polyalkylene glycol market share is anticipated to amass substantial gains in the coming years owing to the extensive use of the product in functional fluids, surface-active agents, polyurethane foams, refrigeration, aerospace, pharmaceuticals, and personal care products. Improving economic conditions in emerging nations like Asia Pacific is fostering developments in various industries. Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/1752 Rise in disposable income among people across the globe along
Biopesticides Market to depict appreciable growth prospects over 2020-2026 | Key …
It has been estimated that biopesticides market size will surpass USD 2.5 billion in value by 2024. Declining crop yield and rigorous policies established by governments across the globe against the use of synthetic pesticides will be key contributors towards biopesticides adoption. Exploding population growth rate and the associated need for enhanced crop yields may further fuel product penetration. Governments across the globe are prohibiting the use of various agrochemicals such
Recycled Lead Market 2020 Global Industry Analysis, Growth, Trends and Forecast …
The report on global recycled lead market evaluates the growth trends of the industry through historical study and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2020-2026. Lead has become one of the highest recycling commodities and is regarded as the most recycled metal. Lead recycling is making an essential contribution to sustainable development, reducing carbon emissions,
PP Nonwoven Fabrics Market to accrue lucrative gains over 2026
The report on global PP nonwoven fabrics market evaluates the growth trends of the industry through historical study and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2020-2026. Polypropylene (PP) nonwoven fabrics are one of the most versatile materials available in the market. The product is different from other substrates and fabrics that are made by knitting, weaving,
More Releases for Power
Brisbane Power Electricians
Brisbane Power is a family owned business of second generation Electricians. From our humble beginnings in 1978, we boast 28 years of experience in electrical services across Brisbane and surrounds. We provide unparalleled 24 hour emergency electrical services to homes and businesses. Brisbane Power is a family owned business of second generation Electricians. From our humble beginnings in 1978, we boast 28 years of experience in electrical services across Brisbane and
Privacy through solar power
The vertical “Shadeplus” blind is to be operated via a new solar module Awnings are not only available as individual items, but also come in a double pack. One of these awnings protects against UV radiation and heat, and the other against glaring light. They achieve this with the assistance of solar power as a practical and simultaneously environmentally-friendly energy source The “pergola” by markilux has been available for quite some time
Temporary Power Generation/Power Rental Market Analysis by Leading Manufacturers …
A new research study from HTF MI with title Global Temporary Power Generation/Power Rental Market Size, Status and Forecast 2025 provides an in-depth assessment of the Temporary Power Generation/Power Rental including key market trends, upcoming technologies, industry drivers, challenges, regulatory policies, key players company profiles and strategies. The research study provides forecasts for Temporary Power Generation/Power Rental investments till 2022. Access Sample Copy @: https://www.htfmarketreport.com/sample-report/1191683-global-temporary-power-generation-power-rental-market-2 If you are involved in
Medical Power Market Medical Power Market
This report studies Medical Power in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 2022. Request for discount @ https://www.researchtrades.com/discount/1445183 This report focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering Astrodyne TDI (US) CUI Inc. (US) Delta Electronic, Inc (TW) Excelsys
Kuwait Power Market to have Surplus Power
Electricity plays a major role in the development of a region, and the electricity generation, transmission and distribution infrastructure serves as a measure of progress in the region. Energy in the form of electricity has become an indispensable part of our everyday lives. Nowadays, power generation uses a variety of sources ranging from fossil fuels like coal and oil, to renewable sources like wind and solar. The energy mix for
Connectivity for power-applications
Halver, 18 June 2015 – At the SPS IPC Drives 2014 in Nuremberg, the connector- and housing specialist ESCHA presented connectivity for power applications. The 4-pole M12x1 connectors are predestinated for power transmission and are available as of now. With the newly developed products identified as ‘Power S‘ or ‘Power T‘, ESCHA offers a consistent- and a qualitatively high-grade M12x1-connectivity portfolio for sensors-, data-, and power supply. The trend moves towards