Global Hybrid Power Solutions Market: Industry Analysis and Forecast 2021-2027: By System Type, Power Rating, End-use and Region.

Global Hybrid Power Solutions Market is anticipated to reach US$ 1.97 Bn by 2027 from US$ 1.20 Bn in 2019 at a CAGR of 8.6% during a forecast period.

Global Hybrid Power Solutions Market Overview

The term hybrid power refers to the use of many technologies to generate electricity. Hybrid systems combine two or more forms of energy generation, often employing renewable technologies like solar photovoltaic and wind turbines. Hybrid systems give a high level of energy security by combining several generating techniques, and they frequently include a storage system or a small fossil-fuelled generator to provide supply regularity and security. Global Hybrid Power Solutions Market To know about the Research Methodology :- Request Free Sample Report The report has covered the market trends from 2015 to forecast the market through 2027. Where 2019 is considered a base year to forecast the market from 2021 to 2027. However, 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe.

Global Hybrid Power Solutions Market Dynamics

An increase in hybrid power generation, power generation with less fuel, and a reduction in carbon emissions are driving demand for hybrid power solutions. Also, as a result of improvements in renewable energy technologies and rising petroleum prices, and hybrid power systems are becoming more common. The availability of manufacturers, as well as different government incentives, has increased the consumption of hybrid power systems. Besides, factors such as cost savings, reduced pollution, and connectivity to other power sources such as solar panels are driving the market to adopt hybrid power systems. The market is expected to grow in response to the rising demand for renewable energy sources. Increased carbon emissions from the power sector have resulted from rising energy demand. The power sector is progressive acceptance of clean energy technologies such as solar PV and wind to reduce the negative health effects of carbon emissions. The electricity generated by solar PV and wind power systems, on the other hand, is affected by several factors, including weather and geographic location. Hybrid power systems help in overcoming such difficulties by supplying constant electricity from a combination of solar and wind power sources. The market is expected to be driven by the benefits of combining renewables and the growing demand for clean energy technology. The global hybrid power solutions market is hampered by greater initial costs and longer payback periods.

Global Hybrid Power Solutions Market Segmentation Analysis

By System Type, The solar-diesel power systems segment is expected to have the largest market share of hybrid power systems. The market for solar-diesel hybrid power systems is expected to grow due to the benefits and broad acceptance of these systems. Solar-diesel gives value to the consumer by providing a stable power grid and constant energy supply. It also saves gasoline since diesel generators can be turned off and PV generators can take over when there is enough sunlight. Such developments are likely to help to segment growth during the forecast period. By End-use, The commercial segment was the largest segment in 2019, with a market share of 37.4 percent, and its dominance is expected to continue during the forecast period. Global Hybrid Power Solutions Market The telecommunications sector is growing throughout the world, especially in rural areas. Indonesia, for example, is experiencing network congestion, which is driving up energy usage and CO2 emissions. Additionally, the usage of diesel as an environmentally beneficial power generating option has grown challenging to defend. As a result, hybrid systems are less reliant on diesel generators, resulting in enhanced energy efficiency and cost control connected with fuel supply and power generators.

Global Hybrid Power Solutions Market Regional Insights

In 2019, Asia Pacific had the highest revenue share, accounting for more than xx% of total revenue. The rapidly increasing use of renewable energy in the Asia Pacific region is fueling the growth of hybrid power systems. In addition, the absence of grid-related infrastructure in the region, which is required for traditional power generation technologies, is expected to be a major driver of the market. End-user industries in the Asia Pacific region are focusing on hybrid power solutions for energy supply, resulting in a growth in the number of hybrid power plants in the region. Global Hybrid Power Solutions Market The Middle East and Africa are expected to be the largest markets for hybrid power solutions during the forecast period. Due to increased awareness of the product's better properties, such as reduced carbon emissions and high competency, the Middle East and Africa are adopting hybrid power solutions. It provides a great opportunity to implement hybrid power resolutions in large numbers.

Global Hybrid Power Solutions Market Scope: Inquire before buying

Global Hybrid Power Solutions Market

Global Hybrid Power Solutions Market by Region

• North America • Asia pacific • Europe • Middle East and Africa • South America

Global Hybrid Power Solutions Market Key Players

SMA Solar Technology AGSiemens AGZTE CorporationDanvest Energy A/S • Flexenclosure AB, LTD • Huawei Technologies Co., LTD • Heliocentris Energy Solutions AG • Alpha Power Solutions • Flex enclosure AB, LTD • Huawei Technologies Co., LTD • Mitsubishi Power Systems Europe Ltd., • NYE Thermodynamics Corporation, • Doosan Heavy Industries & Construction Co. Ltd., • MJB International • ZTE Corporation

Frequently Asked Questions

1. What is the projected market size & growth rate of the Global Hybrid Power Solutions Market? Ans- Global Hybrid Power Solutions Market was valued at USD 1.20 billion in 2019 and is projected to reach USD 1.97 billion by 2027, growing at a CAGR of 8.6% during the forecast period. 2. What are the key driving factors for the growth of the Global Hybrid Power Solutions Market? Ans- An increase in hybrid power generation, power generation with less fuel, and a reduction in carbon emissions are driving demand for hybrid power solutions. 3. Which region accounted for the largest Global Hybrid Power Solutions Market share? Ans- In 2019, Asia Pacific had the highest revenue share, accounting for more than xx% of total revenue. The rapidly increasing use of renewable energy in the Asia Pacific region is fueling the growth of hybrid power systems. 4. What makes Africa a Lucrative Market for the Global Hybrid Power Solutions Market? Ans- Due to increased awareness of the product's better properties, such as reduced carbon emissions and high competency, the Africa region is adopting hybrid power solutions. 5. What are the top players operating in the Global Hybrid Power Solutions Market? Ans- SMA Solar Technology AG, Siemens AG, Huawei Technologies Co., LTD, ZTE Corporation, Flexenclosure AB, LTD, Heliocentris Energy Solutions AG, Dan vest Energy A/S, Alpha Power Solutions, and Flex enclosure AB, LTD.
1.Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Hybrid Power Solutions Market Size, by Market Value (US$ Bn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2019 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Hybrid Power Solutions Market 3.4. Geographical Snapshot of the Hybrid Power Solutions Market , By Manufacturer share 4. Global Hybrid Power Solutions Market Overview, 2019-2027 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Hybrid Power Solutions Market 5. Supply Side and Demand Side Indicators 6. Global Hybrid Power Solutions Market Analysis and Forecast, 2019-2027 6.1. Global Hybrid Power Solutions Market Size & Y-o-Y Growth Analysis. 7. Global Hybrid Power Solutions Market Analysis and Forecasts, 2019-2027 7.1. Market Size (Value) Estimates & Forecast By System Type, 2019-2027 7.1.1. Solar-Diesel 7.1.2. Wind-Diesel 7.1.3. Solar-Wind-Diesel 7.2. Market Size (Value) Estimates & Forecast By Power Rating, 2019-2027 7.2.1. Up to 10kW 7.2.2. 11kW - 100kW 7.2.3. Above 100kW 7.3. Market Size (Value) Estimates & Forecast By End-use, 2019-2027 7.3.1. Residential 7.3.2. Commercial 7.3.3. Telecommunication 7.3.4. Others 8. Global Hybrid Power Solutions Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2019-2027 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Hybrid Power Solutions Market Analysis and Forecasts, 2019-2027 9.1. Market Size (Value) Estimates & Forecast By System Type, 2019-2027 9.1.1. Solar-Diesel 9.1.2. Wind-Diesel 9.1.3. Solar-Wind-Diesel 9.2. Market Size (Value) Estimates & Forecast By Power Rating, 2019-2027 9.2.1. Up to 10kW 9.2.2. 11kW - 100kW 9.2.3. Above 100kW 9.3. Market Size (Value) Estimates & Forecast By End-use, 2019-2027 9.3.1. Residential 9.3.2. Commercial 9.3.3. Telecommunication 9.3.4. Others 10. North America Hybrid Power Solutions Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2019-2027 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Hybrid Power Solutions Market Analysis and Forecasts, 2019-2027 11.1. Market Size (Value) Estimates & Forecast By System Type, 2019-2027 11.2. Market Size (Value) Estimates & Forecast By Power Rating, 2019-2027 11.3. Market Size (Value) Estimates & Forecast By End-use, 2019-2027 12. Canada Hybrid Power Solutions Market Analysis and Forecasts, 2019-2027 12.1. Market Size (Value) Estimates & Forecast By System Type, 2019-2027 12.2. Market Size (Value) Estimates & Forecast By Power Rating, 2019-2027 12.3. Market Size (Value) Estimates & Forecast By End-use, 2019-2027 13. Mexico Hybrid Power Solutions Market Analysis and Forecasts, 2019-2027 13.1. Market Size (Value) Estimates & Forecast By System Type, 2019-2027 13.2. Market Size (Value) Estimates & Forecast By Power Rating, 2019-2027 13.3. Market Size (Value) Estimates & Forecast By End-use, 2019-2027 14. Europe Hybrid Power Solutions Market Analysis and Forecasts, 2019-2027 14.1. Market Size (Value) Estimates & Forecast By System Type, 2019-2027 14.2. Market Size (Value) Estimates & Forecast By Power Rating, 2019-2027 14.3. Market Size (Value) Estimates & Forecast By End-use, 2019-2027 15. Europe Hybrid Power Solutions Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2019-2027 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Hybrid Power Solutions Market Analysis and Forecasts, 2019-2027 16.1. Market Size (Value) Estimates & Forecast By System Type, 2019-2027 16.2. Market Size (Value) Estimates & Forecast By Power Rating, 2019-2027 16.3. Market Size (Value) Estimates & Forecast By End-use, 2019-2027 17. France Hybrid Power Solutions Market Analysis and Forecasts, 2019-2027 17.1. Market Size (Value) Estimates & Forecast By System Type, 2019-2027 17.2. Market Size (Value) Estimates & Forecast By Power Rating, 2019-2027 17.3. Market Size (Value) Estimates & Forecast By End-use, 2019-2027 18. Germany Hybrid Power Solutions Market Analysis and Forecasts, 2019-2027 18.1. Market Size (Value) Estimates & Forecast By System Type, 2019-2027 18.2. Market Size (Value) Estimates & Forecast By Power Rating, 2019-2027 18.3. Market Size (Value) Estimates & Forecast By End-use, 2019-2027 19. Italy Hybrid Power Solutions Market Analysis and Forecasts, 2019-2027 19.1. Market Size (Value) Estimates & Forecast By System Type, 2019-2027 19.2. Market Size (Value) Estimates & Forecast By Power Rating, 2019-2027 19.3. Market Size (Value) Estimates & Forecast By End-use, 2019-2027 20. Spain Hybrid Power Solutions Market Analysis and Forecasts, 2019-2027 20.1. Market Size (Value) Estimates & Forecast By System Type, 2019-2027 20.2. Market Size (Value) Estimates & Forecast By Power Rating, 2019-2027 20.3. Market Size (Value) Estimates & Forecast By End-use, 2019-2027 21. Sweden Hybrid Power Solutions Market Analysis and Forecasts, 2019-2027 21.1. Market Size (Value) Estimates & Forecast By System Type, 2019-2027 21.2. Market Size (Value) Estimates & Forecast By Power Rating, 2019-2027 21.3. Market Size (Value) Estimates & Forecast By End-use, 2019-2027 22. CIS Countries Hybrid Power Solutions Market Analysis and Forecasts, 2019-2027 22.1. Market Size (Value) Estimates & Forecast By System Type, 2019-2027 22.2. Market Size (Value) Estimates & Forecast By Power Rating, 2019-2027 22.3. Market Size (Value) Estimates & Forecast By End-use, 2019-2027 23. Rest of Europe Hybrid Power Solutions Market Analysis and Forecasts, 2019-2027 23.1. Market Size (Value) Estimates & Forecast By System Type, 2019-2027 23.2. Market Size (Value) Estimates & Forecast By Power Rating, 2019-2027 23.3. Market Size (Value) Estimates & Forecast By End-use, 2019-2027 24. Asia Pacific Hybrid Power Solutions Market Analysis and Forecasts, 2019-2027 24.1. Market Size (Value) Estimates & Forecast By System Type, 2019-2027 24.2. Market Size (Value) Estimates & Forecast By Power Rating, 2019-2027 24.3. Market Size (Value) Estimates & Forecast By End-use, 2019-2027 25. Asia Pacific Hybrid Power Solutions Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2019-2027 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Hybrid Power Solutions Market Analysis and Forecasts, 2019-2027 26.1. Market Size (Value) Estimates & Forecast By System Type, 2019-2027 26.2. Market Size (Value) Estimates & Forecast By Power Rating, 2019-2027 26.3. Market Size (Value) Estimates & Forecast By End-use, 2019-2027 27. India Hybrid Power Solutions Market Analysis and Forecasts, 2019-2027 27.1. Market Size (Value) Estimates & Forecast By System Type, 2019-2027 27.2. Market Size (Value) Estimates & Forecast By Power Rating, 2019-2027 27.3. Market Size (Value) Estimates & Forecast By End-use, 2019-2027 28. Japan Hybrid Power Solutions Market Analysis and Forecasts, 2019-2027 28.1. Market Size (Value) Estimates & Forecast By System Type, 2019-2027 28.2. Market Size (Value) Estimates & Forecast By Power Rating, 2019-2027 28.3. Market Size (Value) Estimates & Forecast By End-use, 2019-2027 29. South Korea Hybrid Power Solutions Market Analysis and Forecasts, 2019-2027 29.1. Market Size (Value) Estimates & Forecast By System Type, 2019-2027 29.2. Market Size (Value) Estimates & Forecast By Power Rating, 2019-2027 29.3. Market Size (Value) Estimates & Forecast By End-use, 2019-2027 30. Australia Hybrid Power Solutions Market Analysis and Forecasts, 2019-2027 30.1. Market Size (Value) Estimates & Forecast By System Type, 2019-2027 30.2. Market Size (Value) Estimates & Forecast By Power Rating, 2019-2027 30.3. Market Size (Value) Estimates & Forecast By End-use, 2019-2027 31. ASEAN Hybrid Power Solutions Market Analysis and Forecasts, 2019-2027 31.1. Market Size (Value) Estimates & Forecast By System Type, 2019-2027 31.2. Market Size (Value) Estimates & Forecast By Power Rating, 2019-2027 31.3. Market Size (Value) Estimates & Forecast By End-use, 2019-2027 32. Rest of Asia Pacific Hybrid Power Solutions Market Analysis and Forecasts, 2019-2027 32.1. Market Size (Value) Estimates & Forecast By System Type, 2019-2027 32.2. Market Size (Value) Estimates & Forecast By Power Rating, 2019-2027 32.3. Market Size (Value) Estimates & Forecast By End-use, 2019-2027 33. Middle East Africa Hybrid Power Solutions Market Analysis and Forecasts, 2019-2027 33.1. Market Size (Value) Estimates & Forecast By System Type, 2019-2027 33.2. Market Size (Value) Estimates & Forecast By Power Rating, 2019-2027 33.3. Market Size (Value) Estimates & Forecast By End-use, 2019-2027 34. Middle East Africa Hybrid Power Solutions Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2019-2027 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Hybrid Power Solutions Market Analysis and Forecasts, 2019-2027 35.1. Market Size (Value) Estimates & Forecast By System Type, 2019-2027 35.2. Market Size (Value) Estimates & Forecast By Power Rating, 2019-2027 35.3. Market Size (Value) Estimates & Forecast By End-use, 2019-2027 36. GCC Countries Hybrid Power Solutions Market Analysis and Forecasts, 2019-2027 36.1. Market Size (Value) Estimates & Forecast By System Type, 2019-2027 36.2. Market Size (Value) Estimates & Forecast By Power Rating, 2019-2027 36.3. Market Size (Value) Estimates & Forecast By End-use, 2019-2027 37. Egypt Hybrid Power Solutions Market Analysis and Forecasts, 2019-2027 37.1. Market Size (Value) Estimates & Forecast By System Type, 2019-2027 37.2. Market Size (Value) Estimates & Forecast By Power Rating, 2019-2027 37.3. Market Size (Value) Estimates & Forecast By End-use, 2019-2027 38. Nigeria Hybrid Power Solutions Market Analysis and Forecasts, 2019-2027 38.1. Market Size (Value) Estimates & Forecast By System Type, 2019-2027 38.2. Market Size (Value) Estimates & Forecast By Power Rating, 2019-2027 38.3. Market Size (Value) Estimates & Forecast By End-use, 2019-2027 39. Rest of ME&A Hybrid Power Solutions Market Analysis and Forecasts, 2019-2027 39.1. Market Size (Value) Estimates & Forecast By System Type, 2019-2027 39.2. Market Size (Value) Estimates & Forecast By Power Rating, 2019-2027 39.3. Market Size (Value) Estimates & Forecast By End-use, 2019-2027 40. South America Hybrid Power Solutions Market Analysis and Forecasts, 2019-2027 40.1. Market Size (Value) Estimates & Forecast By System Type, 2019-2027 40.2. Market Size (Value) Estimates & Forecast By Power Rating, 2019-2027 40.3. Market Size (Value) Estimates & Forecast By End-use, 2019-2027 41. South America Hybrid Power Solutions Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2019-2027 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Hybrid Power Solutions Market Analysis and Forecasts, 2019-2027 42.1. Market Size (Value) Estimates & Forecast By System Type, 2019-2027 42.2. Market Size (Value) Estimates & Forecast By Power Rating, 2019-2027 42.3. Market Size (Value) Estimates & Forecast By End-use, 2019-2027 43. Argentina Hybrid Power Solutions Market Analysis and Forecasts, 2019-2027 43.1. Market Size (Value) Estimates & Forecast By System Type, 2019-2027 43.2. Market Size (Value) Estimates & Forecast By Power Rating, 2019-2027 43.3. Market Size (Value) Estimates & Forecast By End-use, 2019-2027 44. Rest of South America Hybrid Power Solutions Market Analysis and Forecasts, 2019-2027 44.1. Market Size (Value) Estimates & Forecast By System Type, 2019-2027 44.2. Market Size (Value) Estimates & Forecast By Power Rating, 2019-2027 44.3. Market Size (Value) Estimates & Forecast By End-use, 2019-2027 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Hybrid Power Solutions Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Siemens AG 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.4. SMA Solar Technology AG 45.5. Siemens AG 45.6. Huawei Technologies Co., LTD 45.7. ZTE Corporation 45.8. Flexenclosure AB, LTD 45.9. Heliocentris Energy Solutions AG 45.10. Dan vest Energy A/S 45.11. Alpha Power Solutions 45.12. Flex enclosure AB, LTD 45.13. Huawei Technologies Co., LTD 45.14. Mitsubishi Power Systems Europe Ltd 45.15. NYE Thermodynamics Corporation 45.16. Doosan Heavy Industries & Construction Co. Ltd 45.17. MJB International 45.18. ZTE Corporation 46. Primary Key Insights

About This Report

Report ID115583
Category Energy & Power
Published DateAug 2021
Updated Date
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