HOME Top Market Reports 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

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

By: marketsandmarkets.com
Publishing Date: January 2017
Report Code: EP 4969

 

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The hybrid power solutions market was valued at USD 432.0 Million in 2015, and is expected to grow at a CAGR of 8.1% from 2016 to 2021. Growth in hybrid power generation in off-grid sites, reliable power generation with minimized fuel, reduced operation, and maintenance cost, and reduction in carbon emission are the major factors driving the hybrid power solutions market.

The years considered for the study are as follows:

  • Base Year – 2015
  • Estimated Year – 2016
  • Projected Year – 2021
  • Forecast Period – 2016–2021

2015 has been considered as the base year for company profiles. Whenever information was unavailable for the base year, the prior year has been considered.

Objectives of the Study

  • To define, describe, and forecast the global hybrid power solutions market on the basis of system type, power rating, end-user, and region
  • To provide detailed information regarding the major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze the hybrid power solutions market with respect to individual growth trends of manufacturers and service providers, their future expansions, and contribution to the market
  • To forecast the growth of the hybrid power solutions market with respect to the main regions (Asia-Pacific, Europe, the Americas, and the Middle East & Africa)
  • To strategically profile key market players and comprehensively analyze their market shares and core competencies
  • To analyze market opportunities for stakeholders and provide details of competitive developments, such as contracts & agreements, mergers & acquisitions, expansions, and new product development/launches, partnerships, joint ventures, and collaborations, in the global hybrid power solutions market

Research Methodology

This research study involved the use of extensive secondary sources, directories, and databases such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource to identify and collect information useful for a technical, market-oriented, and commercial study of the global hybrid power solutions market. Primary sources are mainly industry experts from core and related industries, preferred suppliers, manufacturers, distributors, service providers, technology developers, standard and certification organizations of companies, and organizations related to all the segments of this industry’s value chain. The points given below explain the research methodology.

  • Study of annual revenue and market developments of major players providing hybrid power solutions
  • Assessment of future trends and installation trends of hybrid power solutions by different residential, commercial, and industrial end-users
  • Assessment of the hybrid power solutions market with respect to the system type, phase, and power rating
  • Study of market trends in various regions/countries supported by application of hybrid power solutions in the residential, commercial, telecom, and other industries
  • Study of contracts and developments related to hybrid power solutions, for key players, across different regions
  • Finalization of the overall market sizes by triangulating the supply-side data, which includes product developments, supply chain, and annual revenues of companies manufacturing hybrid power solutions across the globe

After arriving at the overall market size, the total market has been split into several segments and subsegments. The figure given below shows the breakdown of primaries on the basis of company type, designation, and region, conducted during the research study.

Hybrid Power Solutions Market

To know about the assumptions considered for the study, download the pdf brochure

Market Ecosystem:

The ecosystem of the global hybrid power solutions market starts with suppliers of basic components/equipment such as solar panels, wind turbines, integrator, diesel generator sets, batteries, and miscellaneous parts. The manufactured parts or sub-assemblies are then assembled by the Original Equipment Manufacturer (OEM) to form a hybrid power solution, which is then tested. This is followed by the distribution stage, following which the product is provided to the end-users. Distribution is the next stage of the supply chain. The top players in the industry market their products through self-operated sales offices located near target markets, while regional players rely on distribution partnerships to access diverse markets. Some of the major players in the hybrid power solutions market are SMA Solar Technology AG (Germany), Siemens AG (Germany), Huawei Technologies Co., LTD (China), ZTE Corporation (China), Flexenclosure AB, LTD (Sweden), and Heliocentris Energy Solutions AG (Germany), among others.

Target Audience:

The report’s target audience includes:

  • Hybrid power solutions providers
  • Solar PV panels and wind turbines manufacturers
  • Battery storage manufacturers
  • Regional renewable energy associations
  • Government organizations and research institutions
  • Consulting companies in the energy & solar sector
  • Solar and wind energy associations
  • Environmental associations
  • Investment banks

Scope of the Report:

  • By System type
    • Solar-diesel
    • Wind-diesel
    • Solar-wind-diesel
    • Others
  • By End-Users
    • Residential
    • Commercial
    • Telecom
    • Others
  • By Power Rating
    • Up to 10 kW
    • 11 kW–100 kw
    • Above 100 kW
  • By Region
    • Americas
    • Europe
    • Asia-Pacific
    • Middle East & Africa

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for this report:

Regional Analysis

Further breakdown of region-/country-specific analysis

Company Information

Detailed analysis and profiling of additional market players (Up to five)

Table of Contents

1 Introduction (Page No. - 13)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Countries Covered
           1.3.3 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions & Limitations
           2.4.1 Assumptions

3 Executive Summary (Page No. - 24)
    3.1 Introduction
    3.2 Historical Backdrop and Evolution
    3.3 Current Scenario
    3.4 Future Outlook
    3.5 Conclusion

4 Premium Insights (Page No. - 30)
    4.1 Hybrid Power Solutions Market, By System Type
    4.2 Hybrid Power Solutions Market, By Power Rating
    4.3 Hybrid Power Solutions Market, By End-User
    4.4 Hybrid Power Solutions Market, By System Type
    4.5 Hybrid Power Solutions Market: End-User vs System-Type
    4.6 Middle East & Africa: the Largest Market During the Forecast Period

5 Market Overview (Page No. - 35)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Power Rating
           5.2.2 By End-User
           5.2.3 By Region
           5.2.4 By System Type
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Growth in Hybrid Power Generation in Off-Grid Sites
                    5.3.1.2 Reliable Power Generation With Minimized Fuel, and Reduced Operations and Maintenance Cost
                    5.3.1.3 Reduction in Carbon Emission
           5.3.2 Restraints
                    5.3.2.1 Higher Initial Investment
                    5.3.2.2 Higher Payback Time Period
           5.3.3 Opportunities
                    5.3.3.1 Adoption of Renewable Energies
                    5.3.3.2 100% Rural Electrification Through Hybrid Power Solutions
           5.3.4 Challenges
                    5.3.4.1 Complex System Integration
                    5.3.4.2 Political Influence

6 Hybrid Power Solutions Market, By System Type (Page No. - 43)
    6.1 Introduction
    6.2 Solar-Diesel
    6.3 Wind-Diesel
    6.4 Solar-Wind-Diesel

7 Hybrid Power Solutions Market, By Power Rating (Page No. - 48)
    7.1 Introduction
    7.2 Up to 10 kW
    7.6 11 kW – 100 kW
    7.4 Above 100 kW

8 Hybrid Power Solutions Market, By End-User (Page No. - 52)
    8.1 Introduction
    8.2 Residential
           8.2.1 Commercial
    8.3 Telecommunication
    8.4 Others

9 Hybrid Power Solutions Market, By Region (Page No. - 57)
    9.1 Introduction
    9.2 Asia-Pacific
           9.2.1 By System Type
           9.2.2 By Rating
           9.2.3 By End-User
           9.2.4 By Country
                    9.2.4.1 China
                    9.2.4.2 India
                    9.2.4.3 Indonesia
                    9.2.4.4 Australia
                    9.2.4.5 Rest of Asia-Pacific
    9.3 Europe
           9.3.1 By System Type
           9.3.2 By Power Rating
           9.3.3 By End-User
    9.4 Americas
           9.4.1 By System Type
           9.4.2 By Power Rating
           9.4.3 By End-User
           9.4.4 By Country
                    9.4.4.1 U.S.
                    9.4.4.2 Bahamas
                    9.4.4.3 Rest of Americas
    9.5 Middle East & Africa
           9.5.1 By System Type
           9.5.2 By Power Rating
           9.5.3 By End-User
           9.5.4 By Country
                    9.5.4.1 UAE
                    9.5.4.2 Mali
                    9.5.4.3 Senegal
                    9.5.4.4 Nigeria
                    9.5.4.5 Rest of Middle East & Africa

10 Competitive Landscape (Page No. - 86)
     10.1 Overview
     10.2 Competitive Situation & Trends
     10.3 Market Share Analysis, Hybrid Power Solutions Market (By Key Players)
     10.4 Contracts & Agreements
     10.5 Partnerships, Joint Ventures, Collaborations
     10.6 New Product Development/Launches
     10.7 Mergers & Acquisitions

11 Company Profiles (Page No. - 94)
(Overview, Products & Services, Strategies & Insights, Developments and MnM View)*
     11.1 Introduction
     11.2 Vertiv
     11.3 Siemens AG
     11.4 SMA Solar Technology AG
     11.5 Huawei Technologies Co. Ltd.
     11.6 ZTE Corporation
     11.7 Heliocentris Energy Solutions AG
     11.8 Poweroasis Ltd.
     11.9 ELTEK
     11.10 Danvest Energy As
     11.11 Flexenclosure AB, Ltd.
     11.12 Pfisterer Holding AG
     11.13 Vergnet SA
     11.14 Electro Power Systems S.A.

*Details on Overview, Products & Services, Strategies & Insights, Developments and MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 123)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Introducing RT: Real-Time Market Intelligence
     12.5 Available Customizations
     12.6 Related Reports
     12.7 Author Details
     12.8 Author Details


List of Tables (68 Tables)

Table 1 Sample Case Study: Philippines
Table 2 Hybrid Power Solution Configuration
Table 3 Hybrid Power Solutions Components and Their Share in Total Cost
Table 4 Hybrid Power Solutions Market Size, By System Type, 2014–2021 (USD Million)
Table 5 Solar-Diesel: By Market Size, By Region, 2014–2021 (USD Million)
Table 6 Wind-Diesel: By Market Size, By Region, 2014–2021 (USD Million)
Table 7 Solar-Wind-Diesel: By Market Size, By Region, 2014–2021 (USD Million)
Table 8 Other System Types: By Market Size, By Region, 2014–2021 (USD Million)
Table 9 Global Hybrid Power Solution Market Size, By Power Rating, 2014–2021 (USD Million)
Table 10 Up to 10 kW: Hybrid Power Solution Market Size, By Region, 2014–2021 (USD Million)
Table 11 11 kW - 100 kW: Hybrid Power Solution Market Size, By Region, 2014–2021 (USD Million)
Table 12 Above 100 kW: Hybrid Power Solution Market Size, By Region, 2014–2021 (USD Million)
Table 13 Hybrid Power Solutions Market Size, By End-User, 2014–2021 (USD Million)
Table 14 Residential: By Market Size, By Region, 2014–2021 (USD Million)
Table 15 Commercial : By Market Size, By Region, 2014–2021 (USD Million)
Table 16 Telecommunication : By Market Size, By Region, 2014–2021 (USD Million)
Table 17 Others : By Market Size, By Region, 2014–2021 (USD Million)
Table 18 By Market Size, By Region, 2014–2021 (USD Million)
Table 19 Top 7 Countries: By Market Size, By Country, 2014–2021 (USD Million)
Table 20 Solar-Diesel: By Market Size, By Top 7 Countries, 2014–2021 (USD Million)
Table 21 Wind-Diesel: By Market Size, By Top 7 Countries, 2014–2021 (USD Million)
Table 22 Solar-Wind-Diesel: By Market Size, By Top 7 Countries, 2014–2021 (USD Million)
Table 23 Other System Types: By Market Size, By Top 7 Countries, 2014–2021 (USD Million)
Table 24 Asia-Pacific: By Market Size, By System Type, 2014–2021 (USD Million)
Table 25 Asia-Pacific: By Market Size, By Power Rating, 2014–2021 (USD Million)
Table 26 Asia-Pacific: By Market Size, By End-User, 2014–2021 (USD Million)
Table 27 Asia-Pacific: By Market Size, By Country, 2014–2021 (USD Million)
Table 28 China: By Market Size, By System Type, 2014–2021 (USD Million)
Table 29 China: By Market Size, By End-User, 2014–2021 (USD Million)
Table 30 India: By Market Size, By System Type, 2014–2021 (USD Million)
Table 31 India: By Market Size, By End-User, 2014–2021 (USD Million)
Table 32 Indonesia: By Market Size, By System Type, 2014–2021 (USD Million)
Table 33 Indonesia: By Market Size, By End-User, 2014–2021 (USD Million)
Table 34 Australia: By Market Size, By System Type, 2014–2021 (USD Million)
Table 35 Australia: By Market Size, By End-User, 2014–2021 (USD Million)
Table 36 Rest of Asia-Pacific: By Market Size, By System Type, 2014–2021 (USD Million)
Table 37 Rest of Asia-Pacific: By Market Size, By End-User, 2014–2021 (USD Million)
Table 38 Europe: By Market Size, By System Type, 2014–2021 (USD Million)
Table 39 Europe: By Market Size, By Power Rating, 2014–2021 (USD Million)
Table 40 Europe: By Market Size, By End-User, 2014–2021 (USD Million)
Table 41 Americas: By Market Size, By System Type, 2014–2021 (USD Million)
Table 42 Americas: By Market Size, By Power Rating, 2014–2021 (USD Million)
Table 43 Americas: By Market Size, By End-User, 2014–2021 (USD Million)
Table 44 Americas: By Market Size, By Country, 2014–2021 (USD Million)
Table 45 U.S.: By Market Size, By System Type, 2014–2021 (USD Million)
Table 46 U.S.: By Market Size, By End-User, 2014–2021 (USD Million)
Table 47 Bahamas: By Market Size, By System Type, 2014–2021 (USD Million)
Table 48 Bahamas: By Market Size, By End-User, 2014–2021 (USD Million)
Table 49 Rest of Americas: By Market Size, By System Type, 2014–2021 (USD Million)
Table 50 Rest of Americas: By Market Size, By End-User, 2014–2021 (USD Million)
Table 51 Middle East & Africa: By Market Size, By System Type, 2014–2021 (USD Million)
Table 52 Middle East & Africa: By Market Size, By Power Rating, 2014–2021 (USD Million)
Table 53 Middle East & Africa: By Market Size, By End-User, 2014–2021 (USD Million)
Table 54 Middle East & Africa: By Market Size, By Country, 2014–2021 (USD Million)
Table 55 UAE: By Market Size, By System Type, 2014–2021 (USD Million)
Table 56 UAE: By Market Size, By End-User, 2014–2021 (USD Million)
Table 57 Mali: By Market Size, By System Type, 2014–2021 (USD Million)
Table 58 Mali: By Market Size, By End-User, 2014–2021 (USD Million)
Table 59 Senegal: By Market Size, By System Type, 2014–2021 (USD Million)
Table 60 Senegal: By Market Size, By End-User, 2014–2021 (USD Million)
Table 61 Nigeria: By Market Size, By System Type, 2014–2021 (USD Million)
Table 62 Nigeria: By Market Size, By End-User, 2014–2021 (USD Million)
Table 63 Rest of Middle East & Africa: By Market Size, By System Type, 2014–2021 (USD Million)
Table 64 Rest of Middle East & Africa: By Market Size, By End-User, 2014–2021 (USD Million)
Table 65 Contracts & Agreements, 2013-2016
Table 66 Partnerships, Joint Ventures, Collaborations, 2013-2016
Table 67 New Product Development/Launches, 2013-2016
Table 68 Mergers & Acquisitions, 2015-2016


List of Figures (47 Figures)

Figure 1 Hybrid Power Solutions Market: Research Design
Figure 2 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation Methodology
Figure 6 Middle East & Africa Accounted for the Largest Market Share in Hybrid Power Solutions Market in 2015
Figure 7 Middle East and Africa is Expected to Dominate the Hybrid Power Solutions Market By 2021
Figure 8 Solar-Diesel Segment is Expected to Dominate the Hybrid Power Solutions Market, 2016–2021
Figure 9 Hybrid Power Solutions Market Size, By End-User, 2016–2021 (USD Million)
Figure 10 11 kW-100 kW Power Rating is Expected to Lead the Hybrid Power Solutions Market, 2016–2021
Figure 11 Company Development Comparison, 2015-2016
Figure 12 Attractive Market Opportunities in the Hybrid Power Solutions Market
Figure 13 Hybrid Power Solutions Market Share, By System Type, 2016–2021
Figure 14 41 kW-80 kW Segment is Expected to Dominate the Hybrid Power Solutions Market, 2021
Figure 15 Commercial Segment is the Largest End-User Segment in the Hybrid Power Solutions Market, 2016–2021
Figure 16 Solar-Diesel System Type is the Fastest Growing Segment in the Hybrid Power Solutions Market, 2016–2021
Figure 17 Solar-Diesel Hybrid Power Solutions Segment Holds the Largest Market Share in 2016
Figure 18 Hybrid Power Solutions Market Share (Value), By Region, 2015
Figure 19 Hybrid Power Solutions Market Segmentation
Figure 20 Growth in Hybrid Power Generation in Off Grid Sites are Major Driver for Hybrid Power Solutions Market
Figure 21 Worldwide Off Grid and Bad Grid Towers
Figure 22 Solar-Diesel System Type Segment Expected to Dominate Hybrid Power Solutions Market From 2016 to 2021
Figure 23 Hybrid Power Solution Segment Rated Between 11 kW-100 kW is Expected to Dominate the Hybrid Power Solutions Market By 2021
Figure 24 Commercial End-User Segment is Expected to Dominate the Hybrid Power Solutions Market By 2021
Figure 25 Hybrid Power Solutions Market, By Region, By Revenue (USD Million) 2015
Figure 26 Regional Snapshot: Growth Rate of the Hybrid Power Solutions Market From 2014 to 2021
Figure 27 UAE Continues to Dominate Among Top Seven Countries in Hybrid Power Solutions Market From 2016 to 2021
Figure 28 Regional Snapshot: Asia-Pacific Offered Attractive Market Opportunities in 2015
Figure 29 Regional Snapshot: Middle East & Africa Held the Largest Market in 2015
Figure 30 Companies Adopted the Strategy of Contracts & Agreements to Garner Market Share (2013-2016)
Figure 31 Battle for Market Share: Contracts & Agreements is the Key Strategy Adopted By Major Players, 2013-2016
Figure 32 Market Evolution Framework: Contracts & Agreements Have Fueled Growth From 2013 to 2016
Figure 33 Market Share Analysis, 2015
Figure 34 Regional Revenue Mix of Top 5 Market Players
Figure 35 Vertiv: Company Snapshot
Figure 36 Vertiv: SWOT Analysis
Figure 37 Siemens AG: Company Snapshot
Figure 38 Siemens AG: SWOT Analysis
Figure 39 SMA Solar Technology AG: Company Snapshot
Figure 40 SMA Solar Technology AG: SWOT Analysis
Figure 41 Huawei Technologies Co. Ltd. : Company Snapshot
Figure 42 Huawei Technologies Co. Ltd..: SWOT Analysis
Figure 43 ZTE Corporation: Company Snapshot
Figure 44 ZTE Corporation.: SWOT Analysis
Figure 45 Heliocentris Energy Solutions AG: Company Snapshot
Figure 46 ELTEK: Company Snapshot
Figure 47 Flexenclosure AB.: Company Snapshot

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.

The report segments the hybrid power solutions market based on end-users into residential, commercial, telecom, and others. Commercial segment is the largest end-user of hybrid power solutions owing to the growing number of small-to-medium scale industries in off-grid areas. Based on system type, the solar-diesel segment is expected to dominate the hybrid power solutions market during the forecast period. The market has also been segmented based on power rating into three sub-segments: upto 10 kW, 11 kW­-100 kW, and above 100 kW. The 11 kW-100 kW segment is the largest market; due to their major applications in commercial sector, where these systems offer more design flexibility and provide reliable power in comparison with traditional diesel based power generation solutions. The report segments the hybrid power solutions market based on system type into solar-diesel, wind-diesel, solar-wind-diesel, and others. Solar-diesel segment is estimated to be the largest market owing to rising awareness and installation solar power systems across the globe, especially in developing countries. Combination of diesel with renewable energies (solar and wind among others), is expected to dominate the hybrid power solutions market during the forecast period.

In this report, the hybrid power solutions market has been analyzed with respect to four regions, namely, the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The Middle East & Africa is expected to dominate the global hybrid power solutions market during the forecast period, owing to government initiatives towards rural electrification and power generation through renewable sources. The region is expected to be the fastest growing market among other regions, during the forecast period.

Hybrid Power Solutions Market

Higher initial investment and higher payback time period are expected to slow down the demand for hybrid power solutions during the forecast period. However, government and private fund availability may offer huge opportunities.

Some of the leading players in the hybrid power solutions market include SMA Solar Technology AG (Germany), Siemens AG (Germany), Huawei Technologies Co., LTD (China), ZTE Corporation (China), Flexenclosure AB, LTD (Sweden), and Heliocentris Energy Solutions AG (Germany) among others. Contracts & agreements was the strategy most commonly adopted by the top players in the market, constituting 65% of the total developments from 2013 to 2016. It was followed by new product developments/launches, expansions, partnerships, joint ventures, and collaborations, and mergers & acquisitions.

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