The report “Hybrid Power Solutions Market by System Type (Solar-Diesel, Wind-Diesel, Solar-Wind-Diesel), Power Rating (Upto 10 kW, 11 kW–100 kW, and Above 100 kW), End-User (Residential, Commercial, Telecom), and Region – Global Forecast to 2021“,
The hybrid power solutions market is expected to grow at a CAGR of 8.1% from 2016 to 2021, to reach a market size of USD 689.5 million by 2021. Growth in hybrid power generation in off-grid sites, reliable power generation with minimized fuel, and reduced operation and maintenance cost, and reduction in carbon emission are the major drivers of the hybrid power solutions market.
The hybrid power solutions market is dominated by a few global players that have an extensive regional presence and are established brand names. Leading players in the hybrid power solutions industry include SMA Solar Technology AG (Germany), Siemens AG (Germany), Huawei Technologies Co., LTD (China), ZTE Corporation (China), Flexenclosure AB, LTD (Sweden), and Heliocentris Energy Solutions AG (Germany) among others.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=121425179
Solar-diesel segment is estimated to be the fastest growing market for hybrid power solutions from 2016 to 2021. Solar-diesel hybrid power solutions are a combination of solar PV panels and diesel generators. Solar-diesel hybrid power solutions has maximum market share in total hybrid power solutions. The main reason behind maximum share is falling price of solar PV panels and huge availability of solar power in Africa and Asia-Pacific region. Availability of solar power is more than wind power which helps solar-diesel hybrid to capture most of the market share.
Upto 10 kW rated hybrid power systems are estimated to be the fastest growing market for hybrid power solutions during the forecast period. Upto 10 kW rated solar hybrid power solutions are largely applicable for residential or home network and a few commercial systems. Based on end-user, the residential segment is estimated to be the fastest growing market during the forecast period. Demand for residential systems is mainly driven in rural areas of Asia-Pacific and African countries for lighting and domestic purpose for small residential sector users.
The report’s target audience includes:
- Hybrid power solutions providers
- Solar PV panels and wind turbines manufacturers
- Battery storage manufacturers
- Regional renewable energy associations
- Government organizations and research institutions
- Consulting companies in the energy & solar sector
- Solar and wind energy associations
- Environmental associations
- Investment banks
Request Sample Copy @ https://www.marketsandmarkets.com/pdfdownload.asp?id=121425179
The Middle East & African market is projected to be the fastest growing for hybrid power solutions market from 2016 to 2021. The Middle East & African market’s growth is driven by oil & gas industry operation and residential sectors. UAE, Nigeria, Mali, and Senegal are expected to witness significant growth during the forecast period. UAE is one of the key players in oil & gas industry. Approximately 40% of country’s GDP is contributed from oil and gas industry. UAE and the other Middle Eastern countries have low rural electrification rate, where installing hybrid power solutions will ensure reliable power supply, at oil and gas sites and residential sectors situated at off grid areas.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441