Global Hybrid Power Solutions Market Size, Share, Forecast Report 2024

The global hybrid power solutions market valued at USD 658.0 million in 2017 and is likely to generate a demand of USD 1,302.0 million by 2024, while actuating at a CAGR of 9.6% over the next seven years. Rising demand for off grid hybrid power generation coupled with reduced carbon emissions and low operational costs are the key driving forces for the market. The years used for the assessment are as follows;

  • Historical year   : 2014, 2015 and 2016
  • Base year          : 2017
  • Forecast period : 2018 – 2024

RESEARCH METHODOLOGY

The research and analysis is based on data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are;

  • Obtaining historical data of the market based on news, articles, publications, annual reports, white papers, surveys and other secondary sources
  • Interacting with key opinion leaders of the market and developing data points based on interaction with them
  • Study of past trends in the market and their year on year impact on the market size and share
  • Analyzing the collected data points
  • Bridging the data points to calculate the hybrid power solutions market and its various segments
  • Anticipating potential risks
  • Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the global hybrid power solutions market
  • Finalizing the overall size and share for the global hybrid power solutions market.

OBJECTIVES: 

  • To classify global hybrid power solutions market into segments on the basis of system type, power rating, and end use, to analyze their growth prospects individually
  • To analyze market trends, opportunities, drivers and restraints associated with hybrid power solutions
  • Profiling key companies operating in the global hybrid power solutions market
  • To study market response with respect to the mergers and acquisitions in the industry

MARKET SCOPE

The research scope for hybrid power solutions market is as follows:

By System Type

  • Solar-Diesel
  • Wind-Diesel
  • Solar-Wind-Diesel
  • Others

By Power Rating

  • Up to 10 kW
  • 11 kW – 100 kW
  • Above 100 kW

By End-use

  • Residential
  • Commercial
  • Telecommunication
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Central & South America (CSA)
  • Middle East & Africa (MEA)

Report Detail

  • Report Code:1081
  • No. of Pages:250
  • Format:PDF/PPT/Excel

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