Hybrid Power Solutions Market Highlights:
The major player operating in the market of Global Hybrid power solution are- Siemens AG, Mitsubishi Power Systems Europe Ltd., NYE Thermodynamics Corporation, Doosan Heavy Industries & Construction Co. Ltd., and MJB International, ZTE Corporation, Huawei Technologies Co., LTD, SMA Solar Technology AG
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Hybrid Power Solutions Market Drivers and Restraints:
Growth in hybrid power generation, power generation with minimized fuel, and reduction in carbon emission are the major factors which are driving the demand for hybrid power solutions market. Moreover, recent trends show that hybrid power systems are becoming popular because of factors such as advance renewable energy technologies and rise in prices of petroleum products.
Solar energy is identified as the best replacement to other conventional fossil fuel energy sources and is used to reduce carbon emission, by effectively meeting the electricity needs. Increasing demand for clean power acts as a major driver for the growth of the market. Moreover, improvements in technology have shifted generation of power to zero-carbon technologies such as significantly decreasing inverter size and weight while achieving record efficiency. With a growing number of investments in countries such as U.S., China and India with renewable targets and policies push the market towards growth.
According to UN Environmental programme, 2015 was a new record for the global investment in renewable energy with a total investment of USD 285.9 Billion. The clean technology energy generation accounted for 10% of the world’s electricity. Of the renewables, a total of 134 GW in 2015, solar photovoltaic accounted for 56GW. In 2016, the global investment in solar energy totalled USD 113.7 billion, with a record 75 GW of installed capacity. This is predominantly due to increasing solar installations in countries such as China and India. These countries have recently surpassed the U.S. as the top destination for solar energy market with substantial investment in the solar energy sector. This will lead to the development of hybrid energy solution in near future.
The abundant availability of manufacturers as well as numerous government incentives have fuelled the demand for adoption of hybrid power systems. The lack of grid connectivity in remote and rural areas and sheer unreliability has boosted the installation of these power systems in recent years. Moreover, Factors such as fuel saving, lower atmospheric contamination and connected to other power supplies such as solar panels are moving market towards adoption of Hybrid power system. Whereas, high prices of components for capturing renewable energy acts as a major barrier to the large-scale adoption of hybrid power solutions.
Global Hybrid Power Solutions Market Segments Analysis:
The global Hybrid Power Solution market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Product: Comprises Wind Diesel, Wind Solar Diesel, Solar Diesel and Others.
Segmentation by End Use: Comprises Residential, Commercial, Telecom and Others.
Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
Global Hybrid Power Solutions Market Regional Analysis:
In Asia Pacific, Asia-Pacific is one of the largest markets for solar in the world. There is an increasing demand for energy because of the growing population and rising disposable income in the region. Moreover, these rapidly growing economies in this region are also the top polluters in the world. Solar energy is identified as the best replacement to other conventional fossil fuel energy sources and is used to reduce carbon emission by effectively meeting the electricity needs.
China is the world’s most populated country and recently the country has become the largest producer of solar energy in the world. According to the National Energy Administration of China, in 2016, the installed PV capacity was 77.42 gigawatts and solar plants in the country generated 66.2 billion kilowatt-hours of power last year. The country has further plans to add 110 gigawatts within the next three years, which is driving the market for the solar Inverter in the country. This growing solar industry will lead to the growth of the market during the forecast period.
Report Overview:
The report for Global Hybrid power solutions Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance.
The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
TABLE OF CONTENTS:
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 DEFINITION
2.2.2 RESEARCH OBJECTIVE
2.2.3 ASSUMPTIONS
2.2.4 LIMITATIONS
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET LANDSCAPE
3.1 PORTER’S FIVE FORCES ANALYSIS
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 BARGAINING POWER OF SUPPLIERS
3.1.4 THREAT OF SUBSTITUTES
3.1.5 SEGMENT RIVALRY
3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
Continued…
LIST OF TABLES:
TABLE 1 GLOBAL HYBRID POWER SOLUTIONS MARKET, BY PRODUCT
TABLE 2 GLOBAL HYBRID POWER SOLUTIONS MARKET, BY END USER
TABLE 3 GLOBAL HYBRID POWER SOLUTIONS MARKET, BY REGIONS
TABLE 4 NORTH AMERICA HYBRID POWER SOLUTIONS MARKET, BY COUNTRY
TABLE 5 NORTH AMERICA HYBRID POWER SOLUTIONS MARKET, BY PRODUCT
TABLE 6 NORTH AMERICA HYBRID POWER SOLUTIONS MARKET, BY END USER
Continued…
LIST OF FIGURES:
FIGURE 1 RESEARCH TYPE
FIGURE 2 GLOBAL HYBRID POWER SOLUTION MARKET: BY PRODUCT (%)
FIGURE 3 GLOBAL HYBRID POWER SOLUTION MARKET: BY END USER (%)
FIGURE 4 GLOBAL HYBRID POWER SOLUTION MARKET: BY REGION
FIGURE 5 NORTH AMERICA HYBRID POWER SOLUTION MARKET, BY PRODUCT (%)
FIGURE 6 NORTH AMERICA HYBRID POWER SOLUTION MARKET, BY END USER (%)
FIGURE 7 NORTH AMERICA HYBRID POWER SOLUTION MARKET, BY COUNTRIES (%)
Continued…
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