Hybrid Power Systems Market - Global Industry Analysis 2016 - 2024

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Research
Hybrid Power Systems Market (Power Systems Type Wind-Solar-Diesel-Hybrid, PV-Diesel-Hybrid; End-Use Residential, Rural Facility Electrification) - Global
Industry Analysis, Size, Share, Growth, Trends, and
Forecast 2016 - 2024
Published Date
18-Jul-2016
120 Page Report
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Press Release
Installation of Hybrid Power Systems to Rise as Energy
Industry Preference Centers on Renewable Sources, says
TMR
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Hybrid Power Systems Market
REPORT DESCRIPTION
Hybrid Power Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast
2016 - 2024
Investing in emerging economies and setting up hybrid power systems and rural electrification programs in the
remote areas of Asia Pacific and the Middle East and Africa are key growth strategies for players in the hybrid
power systems market, observes Transparency Market Research (TMR). For instance, Borg Energy invested a
heavy sum in India in January 2014 in several projects centered on rural electrification and engineering,
procurement, and construction (EPC). Likewise, Guangzhou HY Energy Technology Limited Corp., in 2011,
supplied a wind-solar hybrid street light system in Tabriz, Iran and in 2012, installed a number of wind-solar
hybrid systems for a telecom station in Mongolia.
“New product development and innovation is also an effective strategy adopted by a number of players,” a
TMR analyst states. The hybrid power systems market is extremely inviting to new players despite the high
initial investment required to manufacture as well as assemble these systems. Thanks to government and
other regulatory institution clearances and the provision of various subsidies, the competitive landscape of the
global hybrid power systems market is likely to witness constant change over the coming years.
Browse the FULL “Hybrid Power Systems Market (Power Systems Type - Wind-Solar-Diesel-Hybrid, PVDiesel-Hybrid; End-Use - Residential, Rural Facility Electrification) - Global Industry Analysis, Size,
Share, Growth, Trends, and Forecast 2016 - 2024”Report
at:http://www.transparencymarketresearch.com/hybrid-power-systems-market.html
One of the major advantages presented by hybrid power systems, which is also a key driving factor for the
global market, is the ability of these systems to reduce carbon emissions. “Controlling carbon footprint is
among the top priorities of most energy producing companies and factors such as climate change and growing
social responsibility have contributed toward these companies focusing on using energy-efficient technologies
in their networks,” the author states.
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In April 2016, Vodafone Qatar announced its plans to roll out several hybrid power systems across its sites in
the country as part of its efforts to reduce its carbon footprint and improve the company’s energy efficiency
measures.
On the down side, however, high installation costs and initial investments deter companies from the setting up
of hybrid power systems. “Building the infrastructure for hybrid power plant, especially solar-wind-diesel
systems, is immensely expensive,” a lead analyst at TMR finds. “Moreover, these systems have a much longer
return on investment (ROI) period compared to conventional sources of energy.” This threatens to hamper the
growth of the hybrid power systems market.
TMR Predicts Surge in Upcoming Hybrid Power Projects
The global revenue generated by the hybrid power systems market is anticipated to rise from US$411.7 mn in
2015 to US$703.5 mn by 2024 at a 6.1% CAGR therein. By type, wind-solar-diesel hybrid power systems held
the dominant share of over 45% in 2014 and this segment is likely to retain its lead throughout the forecast
period. The others segment, comprising wind-hydro-diesel hybrid, solar thermal, and hybrid-solar biomass, is
projected to expand at the fastest pace from 2016 to 2024.
“Only a fraction of companies in the renewable power industry are presently involved in the generation of
power via hybrid power systems for rural electrification,” the analyst states. “However, an increasing number of
upcoming power projects across the globe is likely to spur the demand for hybrid power systems.”
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This review is based on the findings of a TMR report titled “Hybrid Power Systems Market: Global Industry
Analysis, Size, Share, Growth, Trends, and Forecast 2016-2024.”
Global Hybrid Power Systems Market: Type Analysis
Wind-Solar-Diesel-Hybrid
PV-Diesel-Hybrid
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Others
Global Hybrid Power Systems Market: End-Use Analysis
Residential
Rural Facility Electrification
Others
TABLE OF CONTENT
Chapter 1 Preface
1.1. Report Description
1.2. Market Segmentation
1.3. Research Scope
1.4. Research Methodology
2. Executive Summary
2.1. Snapshot
2.2. Overview
3. Industry Analysis
3.1. Introduction
3.2. Overview
3.3. Value Chain Analysis – Snapshot
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3.4. Value Chain Analysis – Overview
3.5. Market Dynamics – Overview
3.5.1. Driver 1 - Hybrid power systems are critical for reducing carbon footprints globally
3.5.2. Driver 2 - High power source reliability offered by wind-solar-diesel combination
3.5.3. Restraint 1 - High initial investments and installation costs
3.5.4. Opportunity 1 - Lack of grid connectivity in remote and rural areas driving hybrid power systems
market
3.6. Porter’s Five Forces Analysis – Overview
3.6.1. Porter’s Five Forces Analysis – Bargaining Power of Suppliers
3.6.2. Porter’s Five Forces Analysis – Bargaining Power Of Buyers
3.6.3. Porter’s Five Forces Analysis – Threat Of Substitutes
3.6.4. Porter’s Five Forces Analysis – Threat Of New Entrants
3.6.5. Porter’s Five Forces Analysis – Degree Of Competition
3.7. Market Attractiveness Analysis
4. Global Hybrid Power Systems Market – Type, by Revenue, 2014 – 2024 (US$ Mn)
4.1. Introduction
4.2. Overview
4.3. Wind-Solar-Diesel-Hybrid
4.4. PV-Diesel-Hybrid
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4.5. Others
5. Global Hybrid Power Systems Market – End-Use, by Revenue, 2014 – 2024 (US$ Mn)
5.1. Introduction
5.2. Overview
5.3. Residential
5.4. Rural Facility Electrification
5.5. Others
6. Global Hybrid Power Systems Market – Regional Analysis by Revenue, 2014 – 2024 (US$ Mn)
6.1. Regional Overview
6.2. Hybrid Power Systems Market - North America
6.3. North America - Overview
6.3.1. U.S. Hybrid power systems Market, by Revenue (US$ Mn), 2014–2024
6.3.1.1. Type Segment
6.3.1.2. End-use Segment
6.3.2. Canada Hybrid power systems Market, by Revenue (US$ Mn), 2014–2024
6.3.2.1. Type Segment
6.3.2.2. End-use Segment
6.3.3. Mexico Hybrid power systems Market, by Revenue (US$ Mn), 2014–2024
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6.3.3.1. Type Segment
6.3.3.2. End-use Segment
6.4. Hybrid Power Systems Market - Europe
6.5. Europe - Overview
6.5.1. Turkey Hybrid power systems Market, by Revenue (US$ Mn), 2014–2024
6.5.1.1. Type Segment
6.5.1.2. End-use Segment
6.5.2. Kazakhstan Hybrid power systems Market, by Revenue (US$ Mn), 2014–2024
6.5.2.1. Type Segment
6.5.2.2. End-use Segment
6.5.3. Russia Hybrid power systems Market, by Revenue (US$ Mn), 2014–2024
6.5.3.1. Type Segment
6.5.3.2. End-use Segment
6.5.4. Rest of Europe Hybrid power systems Market, by Revenue (US$ Mn), 2014–2024
6.5.4.1. Type Segment
6.5.4.2. End-use Segment
6.6. Hybrid Power Systems Market - Asia Pacific
6.7. Asia Pacific - Overview
6.7.1. China Hybrid power systems Market, by Revenue (US$ Mn), 2014–2024
6.7.1.1. Type Segment
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6.7.1.2. End-use Segment
6.7.2. Japan Hybrid power systems Market, by Revenue (US$ Mn), 2014–2024
6.7.2.1. Type Segment
6.7.2.2. End-use Segment
6.7.3. Australia Hybrid power systems Market, by Revenue (US$ Mn), 2014–2024
6.7.3.1. Type Segment
6.7.3.2. End-use Segment
6.7.4. Indonesia Hybrid power systems Market, by Revenue (US$ Mn), 2014–2024
6.7.4.1. Type Segment
6.7.4.2. End-use Segment
6.7.5. Rest of Asia Pacific Hybrid power systems Market, by Revenue (US$ Mn), 2014–2024
6.7.5.1. Type Segment
6.7.5.2. End-use Segment
6.8. Hybrid power systems Market - Middle East and Africa
6.9. Middle East and Africa – Overview
6.9.1. South Africa Hybrid power systems Market, by Revenue (US$ Mn), 2014–2024
6.9.1.1. Type Segment
6.9.1.2. End-use Segment
6.9.2. Tanzania Hybrid power systems Market, by Revenue (US$ Mn), 2014–2024
6.9.2.1. Type Segment
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6.9.2.2. End-use Segment
6.9.3. Egypt Hybrid power systems Market, by Revenue (US$ Mn), 2014–2024
6.9.3.1. Type Segment
6.9.3.2. End-use Segment
6.9.4. UAE Hybrid power systems Market, by Revenue (US$ Mn), 2014–2024
6.9.4.1. Type Segment
6.9.4.2. End-use Segment
6.9.5. Rest of Middle East and Africa Hybrid power systems Market, by Revenue (US$ Mn), 2014–2024
6.9.5.1. Type Segment
6.9.5.2. End-use Segment
6.10. Hybrid power systems Market - South and Central America
6.11. South and Central America – Overview
6.11.1. Brazil Hybrid power systems Market, by Revenue (US$ Mn), 2014–2024
6.11.1.1. Type Segment
6.11.1.2. End-use Segment
6.11.2. Chile Hybrid power systems Market, by Revenue (US$ Mn), 2014–2024
6.11.2.1. Type Segment
6.11.2.2. End-use Segment
6.11.3. Rest of SCA Hybrid power systems Market, by Revenue (US$ Mn), 2014–2024
6.11.3.1. Type Segment
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6.11.3.2. End-use Segment
7. Company Profiles
7.1. Bergey Wind Power Co.
7.1.1. Company Overview
7.1.2. Financial Overview
7.1.3. Business Strategy
7.1.4. Recent Developments
7.2. BORG Inc.
7.2.1. Company Overview
7.2.2. Financial Overview
7.2.3. Business Strategy
7.2.4. Recent Developments
7.3. Guangzhou HY Energy Technology Limited Corp.
7.3.1. Company Overview
7.3.2. Financial Overview
7.3.3. Business Strategy
7.3.4. Recent Developments
7.4. Kestrel Renewable Energy
7.4.1. Company Overview
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7.4.2. Financial Overview
7.4.3. Business Strategy
7.4.4. Recent Developments
7.5. KYOCERA Corporation
7.5.1. Company Overview
7.5.2. Financial Overview
7.5.3. Business Strategy
7.5.4. Recent Developments
7.6. Panasonic Corporation
7.6.1. Company Overview
7.6.2. Financial Overview
7.6.3. Business Strategy
7.6.4. Recent Developments
7.7. Schneider Electric
7.7.1. Company Overview
7.7.2. Financial Overview
7.7.3. Business Strategy
7.7.4. Recent Developments
7.8. Sharp Electronics
7.8.1. Company Overview
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7.8.2. Financial Overview
7.8.3. Business Strategy
7.8.4. Recent Developments
7.9. Siemens AG
7.9.1. Company Overview
7.9.2. Financial Overview
7.9.3. Business Strategy
7.9.4. Recent Developments
7.10. Suzlon Group
7.10.1. Company Overview
7.10.2. Financial Overview
7.10.3. Business Strategy
7.10.4. Recent Developments
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Global Revenue Generated by the Hybrid Power Systems Market is anticipated to rise from US$411.7 mn in 2015 to US$703.5 mn by 2024 at a 6.1% CAGR; Wind-solar-diesel Hybrid Power Systems to Maintain Lead through 2024. Download the Exclusive Sample Report Here :http://bit.ly/2iuSajz