Global Hybrid Power Solutions Market Poised to Grow at a CAGR of 7.2% by 2024
Infinium Global Research has added a new report on Hybrid Power Solutions Market. The report presents analysis of global as well as regional markets of hybrid power solutions market over the period of 2018 - 2024. Moreover, the growth matrix presented by Infinium Global Research identifies the key investment market s in the near future, this will not only help the companies to understand the competitive position in the global hybrid power solutions market but also make strategic decisions to capture the most lucrative market s in the near future. The market size is presented in terms of value for the historic year 2016 and estimated for forecast period of 2018 to 2024.
The hybrid power solution is able to provide the sufficient
amount of electrical power to the rural and remote areas that are driving the
growth of hybrid power solutions market.
The hybrid power generation system uses various energy sources to give
eco-friendly solutions to the off Grid sites. The rapidly growing use of hybrid
power generation systems in off Grid sites is likely to boost the growth of
hybrid power solutions market. In
addition, besides from the independent, economic and environmentally friendly solution,
the hybrid power solutions also offer a reduction in the fuel, maintenance and
operational costs that are anticipated to escalate the growth of hybrid power
solution market. For instance, The Horizon 2020 SUNINBOX project has introduced
a photovoltaic generator that is able to provide a clean, renewable and
economical source of energy that can help reduce consumption of fossil fuels to
mitigate global warming. It provides energy off-grid to remote communities with
no electricity or as part of a hybrid energy generation system. However, high
initial investments may hamper the growth of hybrid power solution market.
Moreover, the rapidly increasing adoption of renewable energy across the globe
is projected to create the various opportunities for the companies working in
the hybrid power solutions market over the forecast period.
Among the regions, the Asia Pacific region accounted for the
maximum market share in the hybrid power solutions market in 2017 and is
expected to remain dominant throughout the forecast period. The rapidly growing
use of renewable energy in Asia Pacific region drives the growth of hybrid
power solution in this region. The end-user industries in Asia Pacific region
are focusing on the adoption of hybrid power solution to provide the power that
led to the rising number of hybrid power plants across this region. For
instance, In May 2018, a prolific trio of major companies in natural gas,
energy storage, and renewable energy project development have united to take on
Asia’s energy storage market, with Japan’s JERA, Australia’s Lyon Group and
US-headquartered multinational Fluence announced a partnership. Moreover, the growth matrix presented by Infinium Global
Research identifies the key investment markets in the near future, this will
not only help the companies to understand the competitive position in the
global hybrid power solutions market but also make strategic decisions to
capture the most lucrative markets in the near future.The market size is presented in terms of value for the historic
year 2016 and estimated for forecast period of 2018-2024.
Get 15% discount for early purchase of Global Hybrid Power Solutions Market report by clicking the following link, Use code IGRD15 to request the discount in the given form
The recent report identified that Middle East & Africa dominated the global hybrid power solutions market over the last couple of years, while emerging market s of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the hybrid power solutions market worldwide.
The report segments the global hybrid power solutions market on the basis of rating, type, and end-use.
Global Hybrid Power Solutions Market by Rating
• Up to 10kW
• 11kW - 100kW
• Above 100kW
Global Hybrid Power Solutions Market by Type
Global Hybrid Power Solutions Market by End-use
Global Hybrid Power Solutions Market by Regions
• North America
Companies Profiled in the report
• SMA Solar Technology AG
• Danvest Energy A/S
• Siemens AG
• Repowering Solutions
• AEG Power Solutions
• Alpha Power Solutions
• ReGen Powertech
• PFISTERER Holding AG
• ZTE Corporation
About Infinium Global Research
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