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Hybrid Power Solutions Market Scope Analysis by 2024 | GE, Siemens Gamesa, Vestas, Vattenfall, Goldwind, Suzlon Group, Tesla, SMA Solar Technology AG, Enel Green Power

Hybrid Power Solutions Market

Hybrid Power Solutions Market

UK hybrid power solutions market is slated to witness 5% CAGR over 2018-2024. The renewable energy directive 2009/28/EC has undoubtedly triggered new growth opportunities for the business space, with increasing deployment of microgrids, two-way power flows, and digital analytics. Incidentally, this has also prompted leading market giants to commercialize innovative solutions in the regional market that could potentially maintain the grid stability.

With the largest concentration of emerging economies in the world, the Asia-Pacific region presents a tremendous opportunity for the evolution of the hybrid power solutions market, which is still in its early stages. According to a report, China, India and Japan contributed almost 75% of the total electricity production in 2017. Amongst these countries, China was responsible for half the production owing to rapid industrial progress and urbanization that necessitated the enhancement of power generating capacities.

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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

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.

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.

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About DEC Research:
DecResearch.com, powered by Global Market Insights, is an online aggregator of information on market research reports. The website provides comprehensive information as well as a detailed 'Table of Contents' for reports being regularly published by GMI.

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