1h Free Analyst Time
Speak directly to the analyst to clarify any post sales queries you may have.
1 of 4
FEATURED COMPANIES
- General Electric Co.
- Schneider Electric SE
- Siemens AG
- SMA Solar Technology AG
- Vertiv Group Corp.
- MORE
Global Hybrid Power Systems Market: About this market
The hybrid power systems market analysis considers sales from solar-diesel, solar-wind-diesel, wind-diesel, and others. The analysis also considers the sales of hybrid power systems in America, APAC, EMEA. In 2018, the solar-diesel segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as widespread adoption and benefits of solar-diesel hybrid power will help the solar-diesel segment to maintain its market position. Also, the global hybrid power systems market report looks at factors such as a rise in global electricity demand, increase in demand for clean energy source, and favorable government support. However, intermittency and fluctuations in renewable power generation, challenges associated with the use of hybrid power systems, and grid integration challenges may hamper the growth of the hybrid power systems industry over the forecast period.
Global Hybrid Power Systems Market: Overview
Increase in demand for clean energy sources
The rise in carbon emissions adversely impacts health and impairs productivity improvements. This leads to a rapid increase in the adoption of clean energy technologies such as solar PV and wind. Therefore, the rise in demand for clean energy sources and benefits of using renewables such as solar and wind energy will lead to the expansion of the global hybrid power systems market at a CAGR of over 8% during the forecast period.
Developments in BESS
Batteries are the most commonly used energy storage systems, as the costs of batteries have been declining significantly. This price reduction can be attributed to the improvements in hardware and standardization of system design and engineering. The rising sales of batteries have increased economies of scale, reducing the prices of battery systems. Thus, the declining costs of battery systems have been boosting the adoption of BESS in hybrid power systems, thereby increasing its operational efficiency. This development is expected to have a positive impact on the overall market growth.
Competitive Landscape
With the presence of several major players, the global hybrid power systems market is fragmented. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading hybrid power systems manufacturers, that include General Electric Co., Schneider Electric SE, Shanghai Ghrepower Green Energy Co. Ltd., Siemens AG, SMA Solar Technology AG, Vertiv Group Corp.
Also, the hybrid power systems market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The hybrid power systems market analysis considers sales from solar-diesel, solar-wind-diesel, wind-diesel, and others. The analysis also considers the sales of hybrid power systems in America, APAC, EMEA. In 2018, the solar-diesel segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as widespread adoption and benefits of solar-diesel hybrid power will help the solar-diesel segment to maintain its market position. Also, the global hybrid power systems market report looks at factors such as a rise in global electricity demand, increase in demand for clean energy source, and favorable government support. However, intermittency and fluctuations in renewable power generation, challenges associated with the use of hybrid power systems, and grid integration challenges may hamper the growth of the hybrid power systems industry over the forecast period.
Global Hybrid Power Systems Market: Overview
Increase in demand for clean energy sources
The rise in carbon emissions adversely impacts health and impairs productivity improvements. This leads to a rapid increase in the adoption of clean energy technologies such as solar PV and wind. Therefore, the rise in demand for clean energy sources and benefits of using renewables such as solar and wind energy will lead to the expansion of the global hybrid power systems market at a CAGR of over 8% during the forecast period.
Developments in BESS
Batteries are the most commonly used energy storage systems, as the costs of batteries have been declining significantly. This price reduction can be attributed to the improvements in hardware and standardization of system design and engineering. The rising sales of batteries have increased economies of scale, reducing the prices of battery systems. Thus, the declining costs of battery systems have been boosting the adoption of BESS in hybrid power systems, thereby increasing its operational efficiency. This development is expected to have a positive impact on the overall market growth.
Competitive Landscape
With the presence of several major players, the global hybrid power systems market is fragmented. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading hybrid power systems manufacturers, that include General Electric Co., Schneider Electric SE, Shanghai Ghrepower Green Energy Co. Ltd., Siemens AG, SMA Solar Technology AG, Vertiv Group Corp.
Also, the hybrid power systems market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Note: Product cover images may vary from those shown
2 of 4
FEATURED COMPANIES
- General Electric Co.
- Schneider Electric SE
- Siemens AG
- SMA Solar Technology AG
- Vertiv Group Corp.
- MORE
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 08: GEOGRAPHIC LANDSCAPE
PART 11: DRIVERS AND CHALLENGES
Exhibit 01: Product overview
Exhibit 02: Global power generation market
Exhibit 03: Segments of global power generation market
Exhibit 04: Market characteristics
Exhibit 05: Market segments
Exhibit 06: Market definition - Inclusions and exclusions checklist
Exhibit 07: Market size 2018
Exhibit 08: Global market: Size and forecast 2018-2023 ($ millions)
Exhibit 09: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 10: Five forces analysis 2018
Exhibit 11: Five forces analysis 2023
Exhibit 12: Bargaining power of buyers
Exhibit 13: Bargaining power of suppliers
Exhibit 14: Threat of new entrants
Exhibit 15: Threat of substitutes
Exhibit 16: Threat of rivalry
Exhibit 17: Market condition - Five forces 2018
Exhibit 18: Technology - Market share 2018-2023 (%)
Exhibit 19: Comparison by technology
Exhibit 20: Solar-diesel - Market size and forecast 2018-2023 ($ millions)
Exhibit 21: Solar-diesel - Year-over-year growth 2019-2023 (%)
Exhibit 22: Solar-wind-diesel - Market size and forecast 2018-2023 ($ millions)
Exhibit 23: Solar-wind-diesel - Year-over-year growth 2019-2023 (%)
Exhibit 24: Wind-diesel - Market size and forecast 2018-2023 ($ millions)
Exhibit 25: Wind-diesel - Year-over-year growth 2019-2023 (%)
Exhibit 26: Others - Market size and forecast 2018-2023 ($ millions)
Exhibit 27: Others - Year-over-year growth 2019-2023 (%)
Exhibit 28: Market opportunity by technology
Exhibit 29: Customer landscape
Exhibit 30: Market share by geography 2018-2023 (%)
Exhibit 31: Geographic comparison
Exhibit 32: APAC - Market size and forecast 2018-2023 ($ millions)
Exhibit 33: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 34: EMEA - Market size and forecast 2018-2023 ($ millions)
Exhibit 35: EMEA - Year-over-year growth 2019-2023 (%)
Exhibit 36: Americas - Market size and forecast 2018-2023 ($ millions)
Exhibit 37: Americas - Year-over-year growth 2019-2023 (%)
Exhibit 38: Key leading countries
Exhibit 39: Market opportunity
Exhibit 40: End-user - Market share 2018-2023 (%)
Exhibit 41: Comparison by end-user
Exhibit 42: Non-residential - Market size and forecast 2018-2023 ($ millions)
Exhibit 43: Non-residential - Year-over-year growth 2019-2023 (%)
Exhibit 44: Residential - Market size and forecast 2018-2023 ($ millions)
Exhibit 45: Residential - Year-over-year growth 2019-2023 (%)
Exhibit 46: Market opportunity by end-user
Exhibit 47: Impact of drivers and challenges
Exhibit 48: Vendor landscape
Exhibit 49: Landscape disruption
Exhibit 50: Vendors covered
Exhibit 51: Vendor classification
Exhibit 52: Market positioning of vendors
Exhibit 53: General Electric Co. - Vendor overview
Exhibit 54: General Electric Co. - Business segments
Exhibit 55: General Electric Co. - Organizational developments
Exhibit 56: General Electric Co. - Geographic focus
Exhibit 57: General Electric Co. - Segment focus
Exhibit 58: General Electric Co. - Key offerings
Exhibit 59: Schneider Electric SE - Vendor overview
Exhibit 60: Schneider Electric SE - Business segments
Exhibit 61: Schneider Electric SE - Organizational developments
Exhibit 62: Schneider Electric SE - Geographic focus
Exhibit 63: Schneider Electric SE - Segment focus
Exhibit 64: Schneider Electric SE - Key offerings
Exhibit 65: Shanghai Ghrepower Green Energy Co. Ltd. - Vendor overview
Exhibit 66: Shanghai Ghrepower Green Energy Co. Ltd. - Key offerings
Exhibit 67: Siemens AG - Vendor overview
Exhibit 68: Siemens AG - Business segments
Exhibit 69: Siemens AG - Organizational developments
Exhibit 70: Siemens AG - Geographic focus
Exhibit 71: Siemens AG - Segment focus
Exhibit 72: Siemens AG - Key offerings
Exhibit 73: SMA Solar Technology AG - Vendor overview
Exhibit 74: SMA Solar Technology AG - Business segments
Exhibit 75: SMA Solar Technology AG - Organizational developments
Exhibit 76: SMA Solar Technology AG - Geographic focus
Exhibit 77: SMA Solar Technology AG - Segment focus
Exhibit 78: SMA Solar Technology AG - Key offerings
Exhibit 79: Vertiv Group Corp. - Vendor overview
Exhibit 80: Vertiv Group Corp. - Organizational developments
Exhibit 81: Vertiv Group Corp. - Key offerings
Exhibit 82: Validation techniques employed for market sizing
Exhibit 83: Definition of market positioning of vendors
PART 02: SCOPE OF THE REPORT
- Preface
- Currency conversion rates for US$
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
- Market segmentation by technology
- Comparison by technology
- Solar-diesel - Market size and forecast 2018-2023
- Solar-wind-diesel - Market size and forecast 2018-2023
- Wind-diesel - Market size and forecast 2018-2023
- Others - Market size and forecast 2018-2023
- Market opportunity by technology
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2018-2023
- EMEA - Market size and forecast 2018-2023
- Americas - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
- Market segmentation by end-user
- Comparison by end-user
- Non-residential - Market size and forecast 2018-2023
- Residential - Market size and forecast 2018-2023
- Market opportunity by end-user
PART 11: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
- Developments in BESS
- Development of solar cities and ZEBs
- Technological advances
- Overview
- Landscape disruption
- Competitive scenario
- Vendors covered
- Vendor classification
- Market positioning of vendors
- General Electric Co.
- Schneider Electric SE
- Shanghai Ghrepower Green Energy Co. Ltd.
- Siemens AG
- SMA Solar Technology AG
- Vertiv Group Corp.
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
Exhibit 01: Product overview
Exhibit 02: Global power generation market
Exhibit 03: Segments of global power generation market
Exhibit 04: Market characteristics
Exhibit 05: Market segments
Exhibit 06: Market definition - Inclusions and exclusions checklist
Exhibit 07: Market size 2018
Exhibit 08: Global market: Size and forecast 2018-2023 ($ millions)
Exhibit 09: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 10: Five forces analysis 2018
Exhibit 11: Five forces analysis 2023
Exhibit 12: Bargaining power of buyers
Exhibit 13: Bargaining power of suppliers
Exhibit 14: Threat of new entrants
Exhibit 15: Threat of substitutes
Exhibit 16: Threat of rivalry
Exhibit 17: Market condition - Five forces 2018
Exhibit 18: Technology - Market share 2018-2023 (%)
Exhibit 19: Comparison by technology
Exhibit 20: Solar-diesel - Market size and forecast 2018-2023 ($ millions)
Exhibit 21: Solar-diesel - Year-over-year growth 2019-2023 (%)
Exhibit 22: Solar-wind-diesel - Market size and forecast 2018-2023 ($ millions)
Exhibit 23: Solar-wind-diesel - Year-over-year growth 2019-2023 (%)
Exhibit 24: Wind-diesel - Market size and forecast 2018-2023 ($ millions)
Exhibit 25: Wind-diesel - Year-over-year growth 2019-2023 (%)
Exhibit 26: Others - Market size and forecast 2018-2023 ($ millions)
Exhibit 27: Others - Year-over-year growth 2019-2023 (%)
Exhibit 28: Market opportunity by technology
Exhibit 29: Customer landscape
Exhibit 30: Market share by geography 2018-2023 (%)
Exhibit 31: Geographic comparison
Exhibit 32: APAC - Market size and forecast 2018-2023 ($ millions)
Exhibit 33: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 34: EMEA - Market size and forecast 2018-2023 ($ millions)
Exhibit 35: EMEA - Year-over-year growth 2019-2023 (%)
Exhibit 36: Americas - Market size and forecast 2018-2023 ($ millions)
Exhibit 37: Americas - Year-over-year growth 2019-2023 (%)
Exhibit 38: Key leading countries
Exhibit 39: Market opportunity
Exhibit 40: End-user - Market share 2018-2023 (%)
Exhibit 41: Comparison by end-user
Exhibit 42: Non-residential - Market size and forecast 2018-2023 ($ millions)
Exhibit 43: Non-residential - Year-over-year growth 2019-2023 (%)
Exhibit 44: Residential - Market size and forecast 2018-2023 ($ millions)
Exhibit 45: Residential - Year-over-year growth 2019-2023 (%)
Exhibit 46: Market opportunity by end-user
Exhibit 47: Impact of drivers and challenges
Exhibit 48: Vendor landscape
Exhibit 49: Landscape disruption
Exhibit 50: Vendors covered
Exhibit 51: Vendor classification
Exhibit 52: Market positioning of vendors
Exhibit 53: General Electric Co. - Vendor overview
Exhibit 54: General Electric Co. - Business segments
Exhibit 55: General Electric Co. - Organizational developments
Exhibit 56: General Electric Co. - Geographic focus
Exhibit 57: General Electric Co. - Segment focus
Exhibit 58: General Electric Co. - Key offerings
Exhibit 59: Schneider Electric SE - Vendor overview
Exhibit 60: Schneider Electric SE - Business segments
Exhibit 61: Schneider Electric SE - Organizational developments
Exhibit 62: Schneider Electric SE - Geographic focus
Exhibit 63: Schneider Electric SE - Segment focus
Exhibit 64: Schneider Electric SE - Key offerings
Exhibit 65: Shanghai Ghrepower Green Energy Co. Ltd. - Vendor overview
Exhibit 66: Shanghai Ghrepower Green Energy Co. Ltd. - Key offerings
Exhibit 67: Siemens AG - Vendor overview
Exhibit 68: Siemens AG - Business segments
Exhibit 69: Siemens AG - Organizational developments
Exhibit 70: Siemens AG - Geographic focus
Exhibit 71: Siemens AG - Segment focus
Exhibit 72: Siemens AG - Key offerings
Exhibit 73: SMA Solar Technology AG - Vendor overview
Exhibit 74: SMA Solar Technology AG - Business segments
Exhibit 75: SMA Solar Technology AG - Organizational developments
Exhibit 76: SMA Solar Technology AG - Geographic focus
Exhibit 77: SMA Solar Technology AG - Segment focus
Exhibit 78: SMA Solar Technology AG - Key offerings
Exhibit 79: Vertiv Group Corp. - Vendor overview
Exhibit 80: Vertiv Group Corp. - Organizational developments
Exhibit 81: Vertiv Group Corp. - Key offerings
Exhibit 82: Validation techniques employed for market sizing
Exhibit 83: Definition of market positioning of vendors
Note: Product cover images may vary from those shown
3 of 4
LOADING...
4 of 4
FEATURED COMPANIES
- General Electric Co.
- Schneider Electric SE
- Siemens AG
- SMA Solar Technology AG
- Vertiv Group Corp.
- MORE
The following companies are recognised as the key players in the global hybrid power systems market: General Electric Co., Schneider Electric SE, Shanghai Ghrepower Green Energy Co. Ltd., Siemens AG, SMA Solar Technology AG, Vertiv Group Corp.
Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the developments in BESS.”
According to the report, one of the major drivers for this market is the increase in demand for clean energy sources.
Further, the report states that one of the major factors hindering the growth of this market is the intermittency and fluctuations in renewable power generation.
The study was conducted using an objective combination of primary and secondary information, including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the developments in BESS.”
According to the report, one of the major drivers for this market is the increase in demand for clean energy sources.
Further, the report states that one of the major factors hindering the growth of this market is the intermittency and fluctuations in renewable power generation.
The study was conducted using an objective combination of primary and secondary information, including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
5 of 4
- General Electric Co.
- Schneider Electric SE
- Shanghai Ghrepower Green Energy Co. Ltd.
- Siemens AG
- SMA Solar Technology AG
- Vertiv Group Corp.
Note: Product cover images may vary from those shown
