DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Hybrid Power Solutions Market - Global Forecast to 2021" report to their offering.
The global hybrid power solutions market is projected to grow at a CAGR of 8.1% from 2016 to 2021, to reach a market size of USD 689.5 Million by 2021. The growth is attributed to growth in hybrid power generation in off-grid sites, reliable power generation with minimized fuel, and reduced operation and maintenance cost, and reduction in carbon emission.
Hybrid power solutions are used in residential, commercial, telecom and other industries. Growth in hybrid power generation in off-grid sites, reliable power generation with minimized fuel, and reduced operation and maintenance cost, and reduction in carbon emission are expected to drive the hybrid power solutions market. On the other hand, higher initial investment and higher payback time period are the major restraints of the global hybrid power solutions market.
With regard to system type, the solar-diesel segment is estimated to grow at the fastest CAGR. Solar-diesel based hybrid power solutions has maximum share in total hybrid power solutions market. Solar energy is available in abundance as compared to other renewable sources of energy that helps solar-diesel hybrid segment to capture most of the market share. In coming years, with declining solar module, inverter, and overall solar systems prices, off-grid solar-diesel hybrid power solutions are expected to gain momentum.
- Danvest Energy As
- Electro Power Systems S.A.
- Flexenclosure Ab, Ltd.
- Heliocentris Energy Solutions Ag
- Huawei Technologies Co. Ltd.
- Pfisterer Holding Ag
- Poweroasis Ltd.
- Siemens Ag
- Sma Solar Technology Ag
- Vergnet Sa
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Hybrid Power Solutions Market, By System Type
7 Hybrid Power Solutions Market, By Power Rating
8 Hybrid Power Solutions Market, By End-User
9 Hybrid Power Solutions Market, By Region
10 Competitive Landscape
11 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/pzxkwv/hybrid_power