The global market is witnessing significant growth due to growth in hybrid power generation in off-grid sites, reliable power generation with minimized fuel, reduced operation and maintenance cost, and reduction in carbon emission.
- Advertising -
The report "Hybrid Power Solutions Market by System Type (Solar-Diesel, Wind-Diesel, Solar-Wind-Diesel), Power Rating (Upto 10 kW, 11 kW–100 kW, and Above 100 kW), End-User (Residential, Commercial, Telecom), and Region - Global Forecast to 2021", The hybrid power solutions market is expected to grow from an estimated USD 466.5 Million in 2016 to USD 689.5 Million by 2021, registering a CAGR of 8.1% from 2016 to 2021.
Brows 68 market data tables and 47 figures spread through 131 pages and in-depth TOC on “Hybrid Power Solutions Market - Global Forecast to 2021"
Solar-diesel segment is expected to hold the largest share of the hybrid power solutions market, by system type, during the forecast period
The solar-diesel segment led the overall hybrid power solutions market in 2015. Solar-diesel systems are applicable in all types of end-users: residential, commercial, and industries like telecom, mining, and oil & gas among others.
- Advertising -
Increased applications of off-grid renewable power systems is driving the market of solar-diesel hybrid power solutions, which are being proposed at a large scale in Asia-Pacific and Africa.
Download PDF Brochure @ www.marketsandmarkets.com/pdfdownload.asp?id=121425179
Commercial end-users are expected to hold the largest market share of the hybrid power solutions market, by end-users, during the forecast period
The commercial segment is expected to hold the largest share in the hybrid power solutions market during the forecast period. Commercial sector include hotels, resorts, schools, or hospitals located at islands or off-grid areas, which do not have grid power supply and are highly dependent on diesel generators for their power requirements.
Dependence on diesel and fuel availability is a concern factor which may affect power supply in crucial moments: this creates huge opportunity for implementing hybrid power solutions in commercial sector.
The Middle East & Africa is the largest market for hybrid power solutions
In this report, the hybrid power solutions market has been analyzed with respect to four regions, namely, the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The Middle East & Africa is estimated to be the largest market for hybrid power solutions till 2021.
African countries have lowest electrification rate in the world, which provides a huge opportunity to implement hybrid power solutions at large scale.
Make an Inquiry @ www.marketsandmarkets.com/Enquiry_….asp?id=121425179
To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the leading players in the hybrid power solutions market. These players include SMA Solar Technology AG (Germany), Siemens AG (Germany), Huawei Technologies Co., LTD (China), ZTE Corporation (China), Flexenclosure AB, LTD (Sweden), and Heliocentris Energy Solutions AG (Germany) among others.
Leading players are trying to penetrate the markets in rural areas of developing economies and are adopting various strategies to increase their market share.
Category: Market Research Publishers and RetailersCompany about: MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth ...