1h Free Analyst Time
Speak directly to the analyst to clarify any post sales queries you may have.
FEATURED COMPANIES
- General Electric Co.
- Schneider Electric SE
- Siemens AG
- SMA Solar Technology AG
- Vertiv Group Corp.
1h Free Analyst Time
Speak directly to the analyst to clarify any post sales queries you may have.
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
FEATURED COMPANIES
- General Electric Co.
- Schneider Electric SE
- Siemens AG
- SMA Solar Technology AG
- Vertiv Group Corp.
PART 01: EXECUTIVE SUMMARYPART 07: CUSTOMER LANDSCAPEPART 10: DECISION FRAMEWORK
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY TECHNOLOGY
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: MARKET SEGMENTATION BY END-USER
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS
PART 13: VENDOR LANDSCAPE
PART 14: VENDOR ANALYSIS
PART 15: APPENDIX
List of Exhibits
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- General Electric Co.
- Schneider Electric SE
- Siemens AG
- SMA Solar Technology AG
- Vertiv Group Corp.
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
A selection of companies mentioned in this report includes:
- 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
