What’s Driving the Hybrid Power Solutions Market Trends? | Top Key Players are Goldwind, Suzlon Group, Tesla, SMA Solar Technology AG, Enel Green Power, GE, Siemens Gamesa, Vestas, Vattenfall
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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:
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
22.214.171.124 South Africa
3.5.5 Latin America
3.6 Industry impact forces
3.6.1 Growth drivers
126.96.36.199 Growing electricity demand
188.8.131.52 Favorable government initiatives
184.108.40.206 Increasing off-grid electricity demand
220.127.116.11 Growing investments in rural electrification
18.104.22.168 Increasing demand for clean energy
22.214.171.124.1 Renewable Energy Targets
3.6.2 Industry pitfalls and challenges
126.96.36.199 High initial investment
188.8.131.52 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
184.108.40.206 Siemens AG
220.127.116.11.2 Strategic business initiatives and projects
18.104.22.168.2 Strategic business initiatives and projects
3.11 PESTEL Analysis
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.
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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.
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 in the hybrid power solutions market.
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.
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:
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