According to the new market research 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", published by MarketsandMarkets™, the global hybrid power
solutions market was valued at USD 432.0 million in 2015, and is expected to
grow from USD 466.5 million in 2016 to USD 689.5 million, at a CAGR of 8.13%
from 2016 to 2021.
Don’t miss out on business opportunities in Hybrid Power Solutions Market. Download our PDF Brochure and gain crucial industry insights that will help your business grow:
Hybrid power solutions are emerging power supply source,
and are suited for off grid or bad grid areas, isolated grids and islands where
power supply through grid is not economical and viable option. Hybrid power
solutions combine renewable power sources (wind and solar) along with diesel
generators for efficient and reliable power supply. These hybrid power
solutions find its applications in the residential, commercial,
telecommunication, mining, and oil & gas sectors among others. The base
year considered for the study is 2015, and the forecast has been provided for
the period between 2016 and 2021.
Browse and in-depth TOC on "Hybrid Power Solutions Market"
68 - Tables
47 - Figures
131 - Pages
View more detailed
TOC @
Growth of hybrid
power generation in off-grid sites drives the global hybrid power solutions
market
Off grid sites are those sites where electricity access
is not available through grid connection. Off gird sites may be telecom towers,
industrial units and small villages, which are located in remote areas and do
not have grid connectivity. Laying down grid network in these regions for 100%
electrification requires huge investment. The growing power demand can be met
through deploying hybrid power solutions designed according to individual power
requirement of residential and non-residential customers. Hybrid power
solutions combine diesel generator along with renewable sources (wind, solar or
both). It ensures 24*7 power supply to off grid sites with less interruption.
Hybrid power
solutions applications at the off-grid sites
drive the growth of hybrid power solutions market
In developing countries, a large number of population
live in remote or off grid areas. Installation and distribution costs are
considerably higher for remote areas. Laying down grid network in these regions
for 100% electrification requires huge investment. One of the primary needs for
social and economic development of any country is efficient and regular power
supply to its residents. Hybrid power
solutions combine diesel generator along with renewable sources (wind,
solar or both). It ensures 24*7 power supply to off grid sites with less
interruption. Thus, the public authorities can achieve 100% electrification by
deploying hybrid power solutions in remote or off grid areas.
Request for Free
Sample Report @
Hybrid power
solutions market has been segmented based on end-users into residential,
commercial, telecom, and others.
Telecommunication
Telecommunication is one of major industry in terms of
electricity consumption. Today energy saving is a key sustainability focus for
telecom industry. This implies, especially, in rural areas where electricity
consumption contributes up to 70% of total network operating cost. With increasing
number of mobile subscribers, the electricity consumption by telecom sector is
set to increase in the next five years. To provide network coverage, telecom
companies are setting telecom towers in remote areas where grid connection is
not available to provide mobile access to their customers. The setting up of
towers at off grid areas, are driving growth of hybrid power solutions in
telecommunication industry.
Commercial
Commercial sector includes hotels, resorts, schools, or
hospitals which are located at islands or off grid areas. These islands do not
have grid power supply and highly dependent on diesel generators for their
power requirements. Dependence on diesel adds huge operating cost in their
annual expenditure. These concern factors create huge opportunity for
implementing hybrid power solutions in commercial sector.
Residential
Residential sector is one of the key users of hybrid
power solutions. Electricity production cost is very high in islands areas due
to high price of fuel. Integration of renewable power sources with diesel
generators provides reliable and cleaner power by reducing carbon emissions.
Further, the less availability of land space for gird infrastructure drives the
hybrid power solutions at the residential sector.
Browse Adjacent
Markets @ Energy
and Power Market Research Reports & Consulting
About MarketsandMarkets™
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 markets following the "Growth Engagement
Model – GEM". The GEM aims at proactive collaboration with the clients to
identify new opportunities, identify most important customers, write
"Attack, avoid and defend" strategies, identify sources of
incremental revenues for both the company and its competitors.
MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top
players across leaders, emerging companies, innovators, strategic players)
annually in high growth emerging segments. MarketsandMarkets™ is determined to
benefit more than 10,000 companies this year for their revenue planning and
help them take their innovations/disruptions early to the market by providing
them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and
market research platform, "Knowledgestore" connects over 200,000
markets and entire value chains for deeper understanding of the unmet insights
along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
