Market Overview:
The global hybrid power system market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for reliable and efficient power systems across different applications. Hybrid power systems are increasingly being adopted by various end-use industries owing to their ability to provide uninterrupted and reliable power supply. Additionally, the growing concerns over climate change and rising emissions have led governments and regulatory authorities across different regions to promote the use of renewable energy sources, which is further expected to boost the adoption of hybrid power systems in the coming years. The global hybrid power system market can be segmented on the basis of type, application, and region. On the basis of type, it can be classified into residential and non-residential segments.
Product Definition:
A hybrid power system is a type of electrical power system that combines two or more different sources of electrical power to produce electricity. The different sources of electrical power can be, for example, diesel generators and wind turbines, or diesel generators and solar panels.
The advantage of using a hybrid power system is that it can provide a more reliable and stable source of electricity than any one source of electrical power could on its own. This is because if one source fails, the other sources can pick up the slack. Additionally, a hybrid power system can be used to help manage fluctuations in the amount of electrical energy available from different sources (such as wind or solar).
Residential:
Residential is the usage of hybrid power system which includes photovoltaic and wind energy in residential buildings. Residential sector has been growing at a significant rate owing to the factors such as increasing awareness for environment protection, reduction in cost of electricity, and tax benefits. The hybrid power system market is expected to grow at a CAGR of XX% from 2016-2021 due to its ability to provide clean electricity along with reducing carbon emission significantly.
Non-residential:
Non-residential is the electricity used by commercial and industrial establishments. It includes shopping malls, hospitals, offices, educational institutes etc. The demand for hybrid power system is expected to increase in the coming years due to rise in demand for energy from these sectors along with growing concerns regarding carbon emission and other environmental issues caused due to usage of conventional sources of energy such as diesel generators.
Application Insights:
The global market is segmented by application into oil and gas, mining, commercial and others. The other applications include transportation, telecom and public infrastructure. The oil and gas segment dominated the overall market in terms of revenue share in 2017 owing to the growing demand for electricity from countries such as China, India & Japan along with increasing investments by companies operating in this sector globally.
Increasing demand for power systems across commercial sectors including healthcare has resulted in a higher number of hospitals being connected to the grid which has boosted system sales globally over recent years. Furthermore, growing urbanization coupled with industrialization has led to an increased need for power generation resulting in a significant growth rate of around 10% annually during past few years across developing countries such as India & China on account of high adoption rates among small scale industries/utilities etc.
Regional Analysis:
Asia Pacific regional market accounted for the largest share in 2017 and is anticipated to witness significant growth over the forecast period. The region has witnessed a growing demand for electricity due to rapid industrialization, urbanization, and economic development. China is one of the fastest-growing markets owing to its large population along with rising per capita income and expanding economy.
The Asia Pacific regional market will expand further at a steady CAGR from 2018 to 2030 as countries such as Japan are expected to observe stable power generation capacities over the next eight years owing high renewable energy targets set by government regulations coupled with feed-in tariffs that offer financial incentives for solar PV installations in Japan.
Growth Factors:
- Increasing demand for hybrid power systems from the commercial and industrial sectors due to the rising need for reliable and uninterrupted power supply.
- Growing popularity of hybrid power systems among end-users due to their high efficiency, low emissions, and fuel flexibility.
- Proliferation of microgrid technology that enables deployment of hybrid power systems in remote areas or locations with unreliable grid infrastructure.
- Rising concerns over climate change and air pollution, which is driving governments and utilities towards adoption of renewable energy sources like solar and wind energy, thereby creating a positive environment for growth of the hybrid power system market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Hybrid Power System Market Research Report
By Type
Residential, Non-residential
By Application
Oil and Gas, Mining, Commercial, Others
By Companies
Emerson, Heliocentris, Shanghai Ghrepower, Siemens, SMA, AEG Power Solutions, Alpha Power, Danvest, Electro power systems, Elgris power, Eltek Power, KLiUX energies, ReGen Powertech, Repowering solutions, Schneider Electric, Urban Green Energy, WindStream Technologies
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Hybrid Power System Market Report Segments:
The global Hybrid Power System market is segmented on the basis of:
Types
Residential, Non-residential
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil and Gas, Mining, Commercial, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Emerson
- Heliocentris
- Shanghai Ghrepower
- Siemens
- SMA
- AEG Power Solutions
- Alpha Power
- Danvest
- Electro power systems
- Elgris power
- Eltek Power
- KLiUX energies
- ReGen Powertech
- Repowering solutions
- Schneider Electric
- Urban Green Energy
- WindStream Technologies
Highlights of The Hybrid Power System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Residential
- Non-residential
- By Application:
- Oil and Gas
- Mining
- Commercial
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hybrid Power System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A hybrid power system is a type of electric power system that uses both electricity from traditional sources like coal and nuclear plants, as well as renewable energy such as solar or wind. Hybrid systems are becoming more popular because they can help reduce greenhouse gas emissions while providing reliable, affordable electricity.
Some of the major players in the hybrid power system market are Emerson, Heliocentris, Shanghai Ghrepower, Siemens, SMA, AEG Power Solutions, Alpha Power, Danvest, Electro power systems, Elgris power, Eltek Power, KLiUX energies, ReGen Powertech, Repowering solutions, Schneider Electric, Urban Green Energy, WindStream Technologies.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Hybrid Power System Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Hybrid Power System Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Hybrid Power System Market - Supply Chain
4.5. Global Hybrid Power System Market Forecast
4.5.1. Hybrid Power System Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Hybrid Power System Market Size (000 Units) and Y-o-Y Growth
4.5.3. Hybrid Power System Market Absolute $ Opportunity
5. Global Hybrid Power System Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Hybrid Power System Market Size and Volume Forecast by Type
5.3.1. Residential
5.3.2. Non-residential
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Hybrid Power System Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Hybrid Power System Market Size and Volume Forecast by Application
6.3.1. Oil and Gas
6.3.2. Mining
6.3.3. Commercial
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Hybrid Power System Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Hybrid Power System Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Hybrid Power System Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Hybrid Power System Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Hybrid Power System Demand Share Forecast, 2019-2026
9. North America Hybrid Power System Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Hybrid Power System Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Hybrid Power System Market Size and Volume Forecast by Application
9.4.1. Oil and Gas
9.4.2. Mining
9.4.3. Commercial
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Hybrid Power System Market Size and Volume Forecast by Type
9.7.1. Residential
9.7.2. Non-residential
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Hybrid Power System Demand Share Forecast, 2019-2026
10. Latin America Hybrid Power System Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Hybrid Power System Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Hybrid Power System Market Size and Volume Forecast by Application
10.4.1. Oil and Gas
10.4.2. Mining
10.4.3. Commercial
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Hybrid Power System Market Size and Volume Forecast by Type
10.7.1. Residential
10.7.2. Non-residential
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Hybrid Power System Demand Share Forecast, 2019-2026
11. Europe Hybrid Power System Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Hybrid Power System Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Hybrid Power System Market Size and Volume Forecast by Application
11.4.1. Oil and Gas
11.4.2. Mining
11.4.3. Commercial
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Hybrid Power System Market Size and Volume Forecast by Type
11.7.1. Residential
11.7.2. Non-residential
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Hybrid Power System Demand Share, 2019-2026
12. Asia Pacific Hybrid Power System Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Hybrid Power System Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Hybrid Power System Market Size and Volume Forecast by Application
12.4.1. Oil and Gas
12.4.2. Mining
12.4.3. Commercial
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Hybrid Power System Market Size and Volume Forecast by Type
12.7.1. Residential
12.7.2. Non-residential
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Hybrid Power System Demand Share, 2019-2026
13. Middle East & Africa Hybrid Power System Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Hybrid Power System Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Hybrid Power System Market Size and Volume Forecast by Application
13.4.1. Oil and Gas
13.4.2. Mining
13.4.3. Commercial
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Hybrid Power System Market Size and Volume Forecast by Type
13.7.1. Residential
13.7.2. Non-residential
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Hybrid Power System Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Hybrid Power System Market: Market Share Analysis
14.2. Hybrid Power System Distributors and Customers
14.3. Hybrid Power System Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Emerson
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Heliocentris
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Shanghai Ghrepower
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Siemens
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. SMA
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. AEG Power Solutions
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Alpha Power
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Danvest
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Electro power systems
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Elgris power
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Eltek Power
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. KLiUX energies
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. ReGen Powertech
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Repowering solutions
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Schneider Electric
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Urban Green Energy
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. WindStream Technologies
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
