Hybrid Power Solutions Market by System Type (Solar-Fossil, Wind-Fossil, Solar-Wind-Fossil, Solar-Wind, Others), Grid Connectivity (On-Grid, Off-Grid), Capacity (Upto 100kW, 100kW-1MW, Above 1MW), End User & Region - Global Forecast to 2028
The hybrid power solutions market is estimated to grow from USD 2.4 Billion in 2023 to USD 4.0 Billion by 2028; it is expected to record a CAGR of 10.4% during the forecast period. The hybrid power solutions market is witnessing rapid growth owing to the increasing demand for sustainable and reliable energy solutions in diverse sectors, such as residential, commercial and industrial.
“Commercial: The second-fastest segment of the hybrid power solutions market, by end user”
Based on end user, the hybrid power solutions market has been split into three types: residential, commercial, and industrial. The commercial end user is growing in the hybrid power solutions market due to increasing focus on sustainability and energy efficiency by businesses as well as rapid urbanization. Hybrid systems enable companies to reduce operational costs and carbon footprints while ensuring reliable power supply, making them an attractive choice for environmentally conscious and cost-conscious businesses.
“Above 1 MW segment is expected to emerge as the largest segment based on capacity”
Based on capacity, the hybrid power solutions market has been segmented into upto 100kW, 100kW-1MW, and above 1 MW. The above 1 MW segment is expected to be the largest segment owing to urge in demand from large-scale industrial and commercial applications. They require higher power capacities to meet energy needs efficiently and sustainably. Additionally, advancements in technology and cost-effectiveness of larger installations contributes to the growth.
“Middle East and Africa is expected to emerge as the second-largest region based on hybrid power solutions market”
By region, the hybrid power solutions market has been segmented into Asia Pacific, North America, South America, Europe, and Middle East & Africa. In the region, the hybrid power solutions market is driven by the need to expand energy access, especially in rural and remote areas with limited or no grid connectivity. international partnerships and collaborations have further accelerated the adoption of hybrid power solutions in the Middle East & Africa region. Investments from international organizations and development agencies have facilitated the implementation of projects and the transfer of knowledge and technology.
Off-Grid is expected to be the second-largest segment based on the grid connectivity
Off-Grid is expected to be the second-largest segment in the hybrid power solutions market between 2023–2028 due to the need for reliable power supply, continuous operations, and reduced dependency on fossil fuels while achieving sustainability goals. Integrating renewable energy with grid connectivity offers a cost-effective and sustainable solution, reducing reliance on fossil fuels.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1- 45%, Tier 2- 30%, and Tier 3- 25%
By Designation: C-Level- 35%, Director Levels- 25%, and Others- 40%
By Region: North America- 10%, Europe- 15%, Asia Pacific- 60%, the Middle East & Africa- 10%, and South America- 5%
Note: Others include product engineers, product specialists, and engineering leads.
Note: The tiers of the companies are defined on the basis of their total revenues as of 2021. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million
The hybrid power solutions market is dominated by a few major players that have a wide regional presence. The leading players in the high voltage cables and accessories market are General Electric (US), Vertiv Group Corp. (US), Vestas (Denmark), Wдrtsilд (Finland), and SMA Solar Technology AG (Germany).
Research Coverage:
The report defines, describes, and forecasts the hybrid power solutions market, by system type, power rating, grid connectivity, end user, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the hybrid power solutions market.
Key Benefits of Buying the Report
“Commercial: The second-fastest segment of the hybrid power solutions market, by end user”
Based on end user, the hybrid power solutions market has been split into three types: residential, commercial, and industrial. The commercial end user is growing in the hybrid power solutions market due to increasing focus on sustainability and energy efficiency by businesses as well as rapid urbanization. Hybrid systems enable companies to reduce operational costs and carbon footprints while ensuring reliable power supply, making them an attractive choice for environmentally conscious and cost-conscious businesses.
“Above 1 MW segment is expected to emerge as the largest segment based on capacity”
Based on capacity, the hybrid power solutions market has been segmented into upto 100kW, 100kW-1MW, and above 1 MW. The above 1 MW segment is expected to be the largest segment owing to urge in demand from large-scale industrial and commercial applications. They require higher power capacities to meet energy needs efficiently and sustainably. Additionally, advancements in technology and cost-effectiveness of larger installations contributes to the growth.
“Middle East and Africa is expected to emerge as the second-largest region based on hybrid power solutions market”
By region, the hybrid power solutions market has been segmented into Asia Pacific, North America, South America, Europe, and Middle East & Africa. In the region, the hybrid power solutions market is driven by the need to expand energy access, especially in rural and remote areas with limited or no grid connectivity. international partnerships and collaborations have further accelerated the adoption of hybrid power solutions in the Middle East & Africa region. Investments from international organizations and development agencies have facilitated the implementation of projects and the transfer of knowledge and technology.
Off-Grid is expected to be the second-largest segment based on the grid connectivity
Off-Grid is expected to be the second-largest segment in the hybrid power solutions market between 2023–2028 due to the need for reliable power supply, continuous operations, and reduced dependency on fossil fuels while achieving sustainability goals. Integrating renewable energy with grid connectivity offers a cost-effective and sustainable solution, reducing reliance on fossil fuels.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1- 45%, Tier 2- 30%, and Tier 3- 25%
By Designation: C-Level- 35%, Director Levels- 25%, and Others- 40%
By Region: North America- 10%, Europe- 15%, Asia Pacific- 60%, the Middle East & Africa- 10%, and South America- 5%
Note: Others include product engineers, product specialists, and engineering leads.
Note: The tiers of the companies are defined on the basis of their total revenues as of 2021. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million
The hybrid power solutions market is dominated by a few major players that have a wide regional presence. The leading players in the high voltage cables and accessories market are General Electric (US), Vertiv Group Corp. (US), Vestas (Denmark), Wдrtsilд (Finland), and SMA Solar Technology AG (Germany).
Research Coverage:
The report defines, describes, and forecasts the hybrid power solutions market, by system type, power rating, grid connectivity, end user, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the hybrid power solutions market.
Key Benefits of Buying the Report
- Increased power generation from hybrid power plants in off-grid locations and cost efficiency due to adoption of hybrid power solutions drive the demand. Factors such as high initial investment costs and longer payback periods hinder market growth. The growing need for uninterrupted power supply in telecom infrastructure, coupled with a focus on reducing carbon emissions offer lucrative opportunities in this market. Complex system integration and the occurrence of solar panel failures are major challenges faced by countries in this market.
- Product Development/ Innovation: The trends such as solar-wind, solar-wind-fossil, solar-fossil have led to more efficient, reliable, durable, and high power generation. The focus on hybrid power solutions has also led to the expectation that it would minimize the operating costs and will contribute more sustainable environment.
- Market Development: The global scenario of hybrid power solution in power generation is evolving rapidly, with trends towards hybrid plants as they offer a balanced and reliable energy supply, utilizing the strengths of both systems i.e., renewable and conventionals.
- Market Diversification: Huawei Technologies Co. Ltd. product Power-S offers a seamless solar hybrid power and backup solution designed generally for commercial and industrial environments, delivering reliable and high-quality power supply.
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like General Electric (US), Vertiv Group Corp. (US), Vestas (Denmark), Wдrtsilд (Finland), and SMA Solar Technology AG (Germany) among others in the hybrid power solution market.
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
TABLE 1 HYBRID POWER SOLUTIONS MARKET: INCLUSIONS AND EXCLUSIONS, BY SYSTEM TYPE
TABLE 2 HYBRID POWER SOLUTIONS MARKET: INCLUSIONS AND EXCLUSIONS, BY CAPACITY
TABLE 3 HYBRID POWER SOLUTIONS MARKET: INCLUSIONS AND EXCLUSIONS, BY GRID CONNECTIVITY
TABLE 4 HYBRID POWER SOLUTIONS MARKET: INCLUSIONS AND EXCLUSIONS, BY END USER
1.3 MARKET SCOPE
1.3.1 MARKETS COVERED
1.3.2 REGIONAL SCOPE
1.3.3 YEARS CONSIDERED
1.3.4 CURRENCY CONSIDERED
1.4 LIMITATIONS
1.5 STAKEHOLDERS
1.6 RECESSION IMPACT
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 1 HYBRID POWER SOLUTIONS MARKET: RESEARCH DESIGN
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 2 DATA TRIANGULATION
2.2.1 SECONDARY DATA
2.2.1.1 Key data from secondary sources
2.2.2 PRIMARY DATA
2.2.2.1 Key data from primary sources
2.2.2.2 Breakdown of primaries
2.3 SCOPE
FIGURE 3 MAIN METRICS CONSIDERED TO ANALYZE AND ASSESS DEMAND FOR HYBRID POWER SOLUTIONS
2.4 MARKET SIZE ESTIMATION
2.4.1 BOTTOM-UP APPROACH
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.4.2 TOP-DOWN APPROACH
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.4.3 DEMAND-SIDE ANALYSIS
2.4.3.1 Regional analysis
2.4.3.2 Country-level analysis
2.4.3.3 Assumptions for demand-side analysis
2.4.3.4 Calculations for demand-side analysis
2.4.4 SUPPLY-SIDE ANALYSIS
FIGURE 6 KEY STEPS CONSIDERED TO ASSESS SUPPLY OF HYBRID POWER SOLUTIONS
FIGURE 7 HYBRID POWER SOLUTIONS MARKET: SUPPLY-SIDE ANALYSIS
2.4.4.1 Calculations for supply-side analysis
2.4.4.2 Assumptions for supply-side analysis
2.4.5 FORECAST
2.5 RISK ASSESSMENT
2.6 IMPACT OF RECESSION
3 EXECUTIVE SUMMARY
TABLE 5 HYBRID POWER SOLUTIONS MARKET SNAPSHOT
FIGURE 8 SOUTH AMERICA TO REGISTER HIGHEST CAGR IN HYBRID POWER SOLUTIONS MARKET DURING FORECAST PERIOD
FIGURE ABOVE 1 MW SEGMENT TO LEAD HYBRID POWER SOLUTIONS MARKET DURING FORECAST PERIOD
FIGURE 10 ON-GRID TO BE DOMINANT SEGMENT IN HYBRID POWER SOLUTIONS MARKET DURING FORECAST PERIOD
FIGURE 11 INDUSTRIAL SEGMENT TO LEAD HYBRID POWER SOLUTIONS MARKET DURING FORECAST PERIOD
FIGURE 12 SOLAR-WIND SEGMENT TO LEAD HYBRID POWER SOLUTIONS MARKET DURING FORECAST PERIOD
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN HYBRID POWER SOLUTIONS MARKET
FIGURE 13 RISING ADOPTION OF RENEWABLE SOURCES IN POWER GENERATION
4.2 HYBRID POWER SOLUTIONS MARKET, BY REGION
FIGURE 14 SOUTH AMERICAN HYBRID POWER SOLUTIONS MARKET TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
4.3 NORTH AMERICAN HYBRID POWER SOLUTIONS MARKET, BY END USER AND COUNTRY
FIGURE 15 INDUSTRIAL SEGMENT AND US HELD LARGEST SHARES OF NORTH AMERICAN HYBRID POWER SOLUTIONS MARKET IN 2022
4.4 HYBRID POWER SOLUTIONS MARKET, BY SYSTEM TYPE
FIGURE 16 SOLAR-WIND SEGMENT TO DOMINATE HYBRID POWER SOLUTIONS MARKET IN 2028
4.5 HYBRID POWER SOLUTIONS MARKET, BY END USER
FIGURE 17 INDUSTRIAL SEGMENT TO ACCOUNT FOR LARGEST SHARE OF HYBRID POWER SOLUTIONS MARKET IN 2028
4.6 HYBRID POWER SOLUTIONS MARKET, BY GRID CONNECTIVITY
FIGURE 18 ON-GRID SEGMENT TO ACCOUNT FOR LARGER SHARE OF HYBRID POWER SOLUTIONS MARKET IN 2028
4.7 HYBRID POWER SOLUTIONS MARKET, BY CAPACITY
FIGURE 1 ABOVE 1 MW SEGMENT TO ACCOUNT FOR LARGEST SHARE OF HYBRID POWER SOLUTIONS MARKET IN 2028
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 20 HYBRID POWER SOLUTIONS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Increased hybrid power generation in off-grid locations
FIGURE 21 OFF-GRID CAPACITY, BY SOURCE, 2019–2021
FIGURE 22 OFFSHORE WIND INSTALLATION CAPACITY (GW), BY REGION, 2018–2050
5.2.1.2 Lower operating costs than conventional diesel generators
FIGURE 23 FLUCTUATIONS IN GLOBAL FUEL PRICES, 2015–201
5.2.2 RESTRAINTS
5.2.2.1 High initial investments
FIGURE 24 CAPITAL COST ASSOCIATED WITH SOLAR-DIESEL-BASED HYBRID POWER SOLUTIONS, BY COMPONENT (%)
5.2.2.2 Higher payback time than conventional diesel generators
5.2.3 OPPORTUNITIES
5.2.3.1 Reduction in carbon emissions
TABLE 6 EMISSION REDUCTION TARGETS
5.2.3.2 Growing requirement for uninterrupted power from telecom infrastructure operators
5.2.4 CHALLENGES
5.2.4.1 Complex system integration
5.2.4.2 Solar panel failures
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
FIGURE 25 REVENUE SHIFTS AND NEW REVENUE POCKETS FOR PLAYERS IN HYBRID POWER SOLUTIONS MARKET
5.4 ECOSYSTEM ANALYSIS
TABLE 7 HYBRID POWER SOLUTIONS MARKET: ECOSYSTEM ANALYSIS
FIGURE 26 HYBRID POWER SOLUTIONS MARKET: ECOSYSTEM ANALYSIS
5.5 VALUE CHAIN ANALYSIS
FIGURE 27 HYBRID POWER SOLUTIONS MARKET: VALUE CHAIN ANALYSIS
5.5.1 RAW MATERIAL PROVIDERS/SUPPLIERS/COMPONENT MANUFACTURERS
5.5.2 HYBRID POWER SOLUTION MANUFACTURERS/ASSEMBLERS
5.5.3 SYSTEM INTEGRATORS
5.5.4 DISTRIBUTORS/RESELLERS
5.5.5 PROJECT DEVELOPERS AND ENGINEERING, PROCUREMENT, AND CONSTRUCTION (EPC) COMPANIES
5.5.6 END USERS
5.5.7 MAINTENANCE AND SERVICE PROVIDERS
5.6 PRICING ANALYSIS
FIGURE 28 AVERAGE SELLING PRICE (ASP) OF HYBRID POWER SOLUTIONS, BY SYSTEM TYPE
TABLE 8 AVERAGE SELLING PRICE (ASP) OF HYBRID POWER SOLUTIONS, BY SYSTEM TYPE (USD THOUSAND/MW)
TABLE AVERAGE SELLING PRICE (ASP) ANALYSIS, BY REGION (2021 AND 2028)
FIGURE 2 AVERAGE SELLING PRICE (ASP) ANALYSIS, BY REGION (2021 AND 2028)
5.7 TECHNOLOGY ANALYSIS
5.7.1 SMART MICROGRID
5.8 TARIFFS, CODES, AND REGULATIONS
5.8.1 TARIFF RELATED TO HYBRID POWER SOLUTION UNITS
TABLE 10 TARIFF RELATED TO ELECTRIC MOTORS AND GENERATORS
TABLE 11 TARIFF RELATED TO HYDROGEN
5.8.2 CODES AND REGULATIONS RELATED TO HYBRID POWER SOLUTIONS
5.8.3 CARBON-REDUCTION POLICY TRENDS IN ENERGY INDUSTRY
5.8.4 CLIMATE SOLUTIONS ACT
5.8.5 REGULATIONS RELATED TO HYBRID POWER SOLUTIONS
TABLE 12 HYBRID POWER SOLUTIONS MARKET: REGULATIONS
5. PATENT ANALYSIS
TABLE 13 HYBRID POWER SOLUTIONS MARKET: INNOVATIONS AND PATENT REGISTRATIONS
5.10 TRADE ANALYSIS
5.10.1 EXPORT SCENARIO FOR ELECTRIC MOTORS AND GENERATORS
TABLE 14 EXPORT SCENARIO FOR HS CODE: 8501, BY COUNTRY, 2020–2022 (USD THOUSAND)
5.10.2 IMPORT SCENARIO FOR ELECTRIC MOTORS AND GENERATORS
TABLE 15 IMPORT SCENARIO FOR HS CODE: 8501, BY COUNTRY, 2020–2022 (USD THOUSAND)
5.11 KEY CONFERENCES AND EVENTS, 2023–2024
TABLE 16 HYBRID POWER SOLUTIONS MARKET: LIST OF CONFERENCES AND EVENTS
5.12 CASE STUDY ANALYSIS
5.12.1 MAN ENERGY SOLUTIONS TACKLED CHALLENGE OF RELIABLE POWER SUPPLY BY COMBINING RENEWABLE ENERGY SOURCES WITH HIGHLY ADAPTABLE GENSETS
5.12.2 MAN ENERGY SOLUTIONS BUILT NEW HYBRID POWER SYSTEM FOR MINING INDUSTRY
5.13 PORTER’S FIVE FORCES ANALYSIS
TABLE 17 HYBRID POWER SOLUTIONS MARKET: PORTER’S FIVE FORCES ANALYSIS
FIGURE 30 HYBRID POWER SOLUTIONS MARKET: PORTER’S FIVE FORCES ANALYSIS
5.13.1 THREAT OF SUBSTITUTES
5.13.2 BARGAINING POWER OF SUPPLIERS
5.13.3 BARGAINING POWER OF BUYERS
5.13.4 THREAT OF NEW ENTRANTS
5.13.5 INTENSITY OF COMPETITIVE RIVALRY
5.14 KEY STAKEHOLDERS AND BUYING CRITERIA
5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 31 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER
TABLE 18 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER (%)
5.14.2 BUYING CRITERIA
FIGURE 32 KEY BUYING CRITERIA, BY END USER
TABLE 1 KEY BUYING CRITERIA, BY END USER
6 HYBRID POWER SOLUTIONS MARKET, BY SYSTEM TYPE
6.1 INTRODUCTION
FIGURE 33 HYBRID POWER SOLUTIONS MARKET, BY SYSTEM TYPE, 2022
TABLE 20 HYBRID POWER SOLUTIONS MARKET, BY SYSTEM TYPE, 2021–2028 (USD MILLION)
6.2 SOLAR-FOSSIL
6.2.1 INCREASING DEMAND FOR CLEAN ENERGY TO COMBAT CLIMATE CHANGE AND REDUCE GREENHOUSE GAS EMISSIONS
TABLE 21 SOLAR-FOSSIL: HYBRID POWER SOLUTIONS MARKET, BY REGION, 2021–2028 (USD MILLION)
6.3 WIND-FOSSIL
6.3.1 CAPABILITY TO ADDRESS INTERMITTENCY OF WIND ENERGY AND ENSURE STABLE AND RELIABLE ELECTRICITY SUPPLY
TABLE 22 WIND-FOSSIL: HYBRID POWER SOLUTIONS MARKET, BY REGION, 2021–2028 (USD MILLION)
6.4 SOLAR-WIND-FOSSIL
6.4.1 HIGH EFFICIENCY AND ABILITY TO OVERCOME CHALLENGES OF INTERMITTENT SOLAR AND WIND ENERGY
TABLE 23 SOLAR-WIND-FOSSIL: HYBRID POWER SOLUTIONS MARKET, BY REGION, 2021–2028 (USD MILLION)
6.5 SOLAR-WIND
6.5.1 RISING DEVELOPMENT OF LARGE-SCALE POWER PLANTS
TABLE 24 SOLAR-WIND: HYBRID POWER SOLUTIONS MARKET, BY REGION, 2021–2028 (USD MILLION)
6.6 OTHERS
TABLE 25 OTHERS: HYBRID POWER SOLUTIONS MARKET, BY REGION, 2021–2028 (USD MILLION)
7 HYBRID POWER SOLUTIONS MARKET, BY CAPACITY
7.1 INTRODUCTION
FIGURE 34 HYBRID POWER SOLUTIONS MARKET, BY CAPACITY, 2022
TABLE 26 HYBRID POWER SOLUTIONS MARKET, BY CAPACITY, 2021–2028 (USD MILLION)
7.2 UP TO 100 KW
7.2.1 HIGH ADOPTION IN RESIDENTIAL SECTOR
TABLE 27 UP TO 100 KW: HYBRID POWER SOLUTIONS MARKET, BY REGION, 2021–2028 (USD MILLION)
7.3 100 KW–1 MW
7.3.1 VERSATILITY AND ABILITY TO MEET SPECIFIC ENERGY NEEDS
TABLE 28 100 KW–1 MW: HYBRID POWER SOLUTIONS MARKET, BY REGION, 2021–2028 (USD MILLION)
7.4 ABOVE 1 MW
7.4.1 INCREASING INVESTMENTS IN LARGE-SCALE HYBRID POWER PLANTS
TABLE 2 ABOVE 1 MW: HYBRID POWER SOLUTIONS MARKET, BY REGION, 2021–2028 (USD MILLION)
8 HYBRID POWER SOLUTIONS MARKET, BY GRID CONNECTIVITY
8.1 INTRODUCTION
FIGURE 35 HYBRID POWER SOLUTIONS MARKET, BY GRID CONNECTIVITY, 2022
TABLE 30 HYBRID POWER SOLUTIONS MARKET, BY GRID CONNECTIVITY, 2021–2028 (USD MILLION)
8.2 ON-GRID
8.2.1 GROWING NEED TO REDUCE POWER PEAK DEMAND AND GREENHOUSE GAS EMISSIONS
TABLE 31 ON-GRID: HYBRID POWER SOLUTIONS MARKET, BY REGION, 2021–2028 (USD MILLION)
8.3 OFF-GRID
8.3.1 INCREASING REQUIREMENT FOR RELIABLE POWER IN REMOTE AREAS
TABLE 32 OFF-GRID: HYBRID POWER SOLUTIONS MARKET, BY REGION, 2021–2028 (USD MILLION)
HYBRID POWER SOLUTIONS MARKET, BY END USER
9.1 INTRODUCTION
FIGURE 36 HYBRID POWER SOLUTIONS MARKET, BY END USER, 2022
TABLE 33 HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)
9.2 RESIDENTIAL
9.2.1 RISING NEED TO REDUCE RELIANCE ON TRADITIONAL GRID ELECTRICITY
TABLE 34 RESIDENTIAL: HYBRID POWER SOLUTIONS MARKET, BY REGION, 2021–2028 (USD MILLION)
9.3 COMMERCIAL
9.3.1 GROWING ADOPTION TO MEET ENERGY NEEDS AND REDUCE OPERATIONAL COSTS
TABLE 35 COMMERCIAL: HYBRID POWER SOLUTIONS MARKET, BY REGION, 2021–2028 (USD MILLION)
9.4 INDUSTRIAL
9.4.1 HIGH POWER REQUIREMENT IN REMOTE LOCATIONS
TABLE 36 INDUSTRIAL: HYBRID POWER SOLUTIONS MARKET, BY REGION, 2021–2028 (USD MILLION)
10 HYBRID POWER SOLUTIONS MARKET, BY REGION
10.1 INTRODUCTION
FIGURE 37 SOUTH AMERICAN HYBRID POWER SOLUTIONS MARKET TO REGISTER HIGHEST CAGR FROM 2023 TO 2028
FIGURE 38 HYBRID POWER SOLUTIONS MARKET, BY REGION, 2022 (%)
TABLE 37 HYBRID POWER SOLUTIONS MARKET, BY REGION, 2021–2028 (USD MILLION)
TABLE 38 HYBRID POWER SOLUTIONS MARKET, BY REGION, 2021–2028 (MW)
10.2 ASIA PACIFIC
FIGURE 3 ASIA PACIFIC: SNAPSHOT OF HYBRID POWER SOLUTIONS MARKET
10.2.1 ASIA PACIFIC: RECESSION IMPACT
10.2.2 BY SYSTEM TYPE
TABLE 3 ASIA PACIFIC: HYBRID POWER SOLUTIONS MARKET, BY SYSTEM TYPE, 2021–2028 (USD MILLION)
10.2.3 BY CAPACITY
TABLE 40 ASIA PACIFIC: HYBRID POWER SOLUTIONS MARKET, BY CAPACITY, 2021–2028 (USD MILLION)
10.2.4 BY END USER
TABLE 41 ASIA PACIFIC: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)
10.2.5 BY GRID CONNECTIVITY
TABLE 42 ASIA PACIFIC: HYBRID POWER SOLUTIONS MARKET, BY GRID CONNECTIVITY, 2021–2028 (USD MILLION)
10.2.6 BY COUNTRY
TABLE 43 ASIA PACIFIC: HYBRID POWER SOLUTIONS MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
10.2.6.1 China
10.2.6.1.1 Rising emphasis on diversifying energy sources and reducing reliance on traditional fossil fuels
TABLE 44 CHINA: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)
10.2.6.2 India
10.2.6.2.1 Adoption of renewable energy and sustainable practices to address energy security and environmental concerns
TABLE 45 INDIA: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)
10.2.6.3 Japan
10.2.6.3.1 Government-led policies, feed-in tariffs, and subsidies
TABLE 46 JAPAN: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)
10.2.6.4 Australia
10.2.6.4.1 Abundance of renewable energy resources and electrification of remote off-grid locations
TABLE 47 AUSTRALIA: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)
10.2.6.5 South Korea
10.2.6.5.1 Rapid industrialization and urbanization
TABLE 48 SOUTH KOREA: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)
10.2.6.6 Taiwan
10.2.6.6.1 Presence of favorable government policies
TABLE 4 TAIWAN: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)
10.2.6.7 Rest of Asia Pacific
TABLE 50 REST OF ASIA PACIFIC: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)
10.3 MIDDLE EAST & AFRICA
FIGURE 40 MIDDLE EAST & AFRICA: SNAPSHOT OF HYBRID POWER SOLUTIONS MARKET
10.3.1 MIDDLE EAST & AFRICA: RECESSION IMPACT
10.3.2 BY SYSTEM TYPE
TABLE 51 MIDDLE EAST & AFRICA: HYBRID POWER SOLUTIONS MARKET, BY SYSTEM TYPE, 2021–2028 (USD MILLION)
10.3.3 BY CAPACITY
TABLE 52 MIDDLE EAST & AFRICA: HYBRID POWER SOLUTIONS MARKET, BY CAPACITY, 2021–2028 (USD MILLION)
10.3.4 BY END USER
TABLE 53 MIDDLE EAST & AFRICA: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)
10.3.5 BY GRID CONNECTIVITY
TABLE 54 MIDDLE EAST & AFRICA: HYBRID POWER SOLUTIONS MARKET, BY GRID CONNECTIVITY, 2021–2028 (USD MILLION)
10.3.6 BY COUNTRY
TABLE 55 MIDDLE EAST & AFRICA: HYBRID POWER SOLUTIONS MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
10.3.6.1 Egypt
10.3.6.1.1 Growing adoption of sustainable energy practices
TABLE 56 EGYPT: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)
10.3.6.2 Nigeria
10.3.6.2.1 Renewable energy commitments
TABLE 57 NIGERIA: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)
10.3.6.3 Senegal
10.3.6.3.1 Renewable energy initiatives to diversify energy sources, reduce carbon emissions, and enhance energy security
TABLE 58 SENEGAL: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)
10.3.6.4 South Africa
10.3.6.4.1 Rapid urbanization and rising number of renewable energy projects
TABLE 5 SOUTH AFRICA: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)
10.3.6.5 Rest of Middle East & Africa
TABLE 60 REST OF MIDDLE EAST & AFRICA: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)
10.4 EUROPE
FIGURE 41 EUROPE: SNAPSHOT OF HYBRID POWER SOLUTIONS MARKET
10.4.1 RECESSION IMPACT: EUROPE
10.4.2 BY SYSTEM TYPE
TABLE 61 EUROPE: HYBRID POWER SOLUTIONS MARKET, BY SYSTEM TYPE, 2021–2028 (USD MILLION)
10.4.3 BY CAPACITY
TABLE 62 EUROPE: HYBRID POWER SOLUTIONS MARKET, BY CAPACITY, 2021–2028 (USD MILLION)
10.4.4 BY END USER
TABLE 63 EUROPE: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)
10.4.5 BY GRID CONNECTIVITY
TABLE 64 EUROPE: HYBRID POWER SOLUTIONS MARKET, BY GRID CONNECTIVITY, 2021–2028 (USD MILLION)
10.4.6 BY COUNTRY
TABLE 65 EUROPE: HYBRID POWER SOLUTIONS MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
10.4.6.1 UK
10.4.6.1.1 Strong commitment toward sustainable future and technological advancements
TABLE 66 UK: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)
10.4.6.2 Germany
10.4.6.2.1 Shift toward renewable energy sources to decrease carbon emissions
TABLE 67 GERMANY: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)
10.4.6.3 Sweden
10.4.6.3.1 Rising focus on reducing carbon emissions
TABLE 68 SWEDEN: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)
10.4.6.4 France
10.4.6.4.1 Rising number of hybrid projects
TABLE 6 FRANCE: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)
10.4.6.5 Netherlands
10.4.6.5.1 Advancements in hybrid power technologies
TABLE 70 NETHERLANDS: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)
10.4.6.6 Spain
10.4.6.6.1 Declining costs of renewable energy technologies and favorable environment for solar-wind hybrid systems
TABLE 71 SPAIN: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)
10.4.6.7 Rest of Europe
TABLE 72 REST OF EUROPE: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)
10.5 NORTH AMERICA
10.5.1 NORTH AMERICA: RECESSION IMPACT
10.5.2 BY SYSTEM TYPE
TABLE 73 NORTH AMERICA: HYBRID POWER SOLUTIONS MARKET, BY SYSTEM TYPE, 2021–2028 (USD MILLION)
10.5.3 BY CAPACITY
TABLE 74 NORTH AMERICA: HYBRID POWER SOLUTIONS MARKET, BY CAPACITY, 2021–2028 (USD MILLION)
10.5.4 BY END USER
TABLE 75 NORTH AMERICA: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)
10.5.5 BY GRID CONNECTIVITY
TABLE 76 NORTH AMERICA: HYBRID POWER SOLUTIONS MARKET, BY GRID CONNECTIVITY, 2021–2028 (USD MILLION)
10.5.6 BY COUNTRY
TABLE 77 NORTH AMERICA: HYBRID POWER SOLUTIONS MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
10.5.6.1 US
10.5.6.1.1 Presence of sustainable energy landscape and increasing investments in hybrid projects
TABLE 78 US: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)
10.5.6.2 Canada
10.5.6.2.1 Increasing investments in renewable energy sources attributed to supportive government policies, incentives, and grants
TABLE 7 CANADA: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)
10.5.6.3 Mexico
10.5.6.3.1 Technological advancements and decreasing renewable energy costs
TABLE 80 MEXICO: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)
10.6 SOUTH AMERICA
10.6.1 SOUTH AMERICA: RECESSION IMPACT
10.6.2 BY SYSTEM TYPE
TABLE 81 SOUTH AMERICA: HYBRID POWER SOLUTIONS MARKET, BY SYSTEM TYPE, 2021–2028 (USD MILLION)
10.6.3 BY CAPACITY
TABLE 82 SOUTH AMERICA: HYBRID POWER SOLUTIONS MARKET, BY CAPACITY, 2021–2028 (USD MILLION)
10.6.4 BY END USER
TABLE 83 SOUTH AMERICA: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)
10.6.5 BY GRID CONNECTIVITY
TABLE 84 SOUTH AMERICA: HYBRID POWER SOLUTIONS MARKET, BY GRID CONNECTIVITY, 2021–2028 (USD MILLION)
10.6.6 BY COUNTRY
TABLE 85 SOUTH AMERICA: HYBRID POWER SOLUTIONS MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
10.6.6.1 Brazil
10.6.6.1.1 Government-led regulations and initiatives to combat climate change
TABLE 86 BRAZIL: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)
10.6.6.2 Chile
10.6.6.2.1 Rising focus on reducing dependence on imported fossil fuels
TABLE 87 CHILE: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)
10.6.6.3 Rest of South America
TABLE 88 REST OF SOUTH AMERICA: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)
11 COMPETITIVE LANDSCAPE
11.1 OVERVIEW
11.1.1 KEY STRATEGIES ADOPTED BY MAJOR PLAYERS
TABLE 8 HYBRID POWER SOLUTIONS MARKET: KEY STRATEGIES ADOPTED BY MAJOR PLAYERS, 2018–2022
11.2 MARKET SHARE ANALYSIS, 2022
FIGURE 42 HYBRID POWER SOLUTIONS MARKET SHARE ANALYSIS, 2022
11.3 REVENUE ANALYSIS, 2018–2022
FIGURE 43 HYBRID POWER SOLUTIONS MARKET: REVENUE ANALYSIS, 2018–2022
11.4 COMPANY EVALUATION MATRIX, 2022
11.4.1 STARS
11.4.2 PERVASIVE PLAYERS
11.4.3 EMERGING LEADERS
11.4.4 PARTICIPANTS
FIGURE 44 HYBRID POWER SOLUTIONS MARKET: COMPANY EVALUATION MATRIX, 2022
11.5 COMPETITIVE BENCHMARKING
TABLE 90 SYSTEM TYPE: COMPANY FOOTPRINT
TABLE 91 END USER: COMPANY FOOTPRINT
TABLE 92 CAPACITY: COMPANY FOOTPRINT
TABLE 93 GRID CONNECTIVITY: COMPANY FOOTPRINT
TABLE 94 REGION: COMPANY FOOTPRINT
TABLE 95 COMPANY FOOTPRINT
11.6 COMPETITIVE SCENARIOS AND TRENDS
TABLE 96 HYBRID POWER SOLUTIONS MARKET: PRODUCT LAUNCHES, JANUARY 2019–JANUARY 2023
TABLE 97 HYBRID POWER SOLUTIONS MARKET: DEALS, JANUARY 2019–JANUARY 2023
TABLE 98 HYBRID POWER SOLUTIONS MARKET: OTHERS, JANUARY 2019–JANUARY 2023
12 COMPANY PROFILES
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
12.1 KEY PLAYERS
12.1.1 VERTIV GROUP CORP.
TABLE 9 VERTIV GROUP CORP.: COMPANY OVERVIEW
FIGURE 45 VERTIV GROUP CORP.: COMPANY SNAPSHOT
TABLE 100 VERTIV GROUP CORP.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
12.1.2 GENERAL ELECTRIC
TABLE 101 GENERAL ELECTRIC: COMPANY OVERVIEW
FIGURE 46 GENERAL ELECTRIC: COMPANY SNAPSHOT
TABLE 102 GENERAL ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 103 GENERAL ELECTRIC: PRODUCT LAUNCHES
TABLE 104 GENERAL ELECTRIC: DEALS
TABLE 105 GENERAL ELECTRIC: OTHERS
12.1.3 SIEMENS ENERGY
TABLE 106 SIEMENS ENERGY: COMPANY OVERVIEW
FIGURE 47 SIEMENS ENERGY: COMPANY SNAPSHOT
TABLE 107 SIEMENS ENERGY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 108 SIEMENS ENERGY: DEALS
12.1.4 VESTAS
TABLE 10 VESTAS: COMPANY OVERVIEW
FIGURE 48 VESTAS: COMPANY SNAPSHOT
TABLE 110 VESTAS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 111 VESTAS: OTHERS
12.1.5 WДRTSILД
TABLE 112 WДRTSILД: COMPANY OVERVIEW
FIGURE 4 WДRTSILД: COMPANY SNAPSHOT
TABLE 113 WДRTSILД: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 114 WДRTSILД: PRODUCT LAUNCHES
TABLE 115 WДRTSILД: DEALS
TABLE 116 WДRTSILД: OTHERS
12.1.6 SMA SOLAR TECHNOLOGY AG
TABLE 117 SMA SOLAR TECHNOLOGY AG: COMPANY OVERVIEW
FIGURE 50 SMA SOLAR TECHNOLOGY AG: COMPANY SNAPSHOT
TABLE 118 SMA SOLAR TECHNOLOGY AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED
12.1.7 HUAWEI TECHNOLOGIES CO., LTD.
TABLE 11 HUAWEI TECHNOLOGIES CO., LTD.: COMPANY OVERVIEW
TABLE 120 HUAWEI TECHNOLOGIES CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 121 HUAWEI TECHNOLOGIES CO. LTD.: PRODUCT LAUNCHES
12.1.8 ZTE CORPORATION
TABLE 122 ZTE CORPORATION: COMPANY OVERVIEW
FIGURE 51 ZTE CORPORATION: COMPANY SNAPSHOT
TABLE 123 ZTE CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
12.1. DELTA ELECTRONICS, INC.
TABLE 124 DELTA ELECTRONICS, INC.: COMPANY OVERVIEW
FIGURE 52 DELTA ELECTRONICS, INC.: COMPANY SNAPSHOT
TABLE 125 DELTA ELECTRONICS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 126 DELTA ELECTRONICS, INC.: DEALS
12.1.10 LONGI
TABLE 127 LONGI: COMPANY OVERVIEW
FIGURE 53 LONGI: COMPANY SNAPSHOT
TABLE 128 LONGI: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 12 LONGI: DEALS
12.1.11 CHINT GROUP
TABLE 130 CHINT GROUP: COMPANY OVERVIEW
TABLE 131 CHINT GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
12.1.12 VERGNET SA
TABLE 132 VERGNET SA: COMPANY OVERVIEW
TABLE 133 VERGNET SA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
12.1.13 FRONIUS INTERNATIONAL GMBH
TABLE 134 FRONIUS INTERNATIONAL GMBH: COMPANY OVERVIEW
TABLE 135 FRONIUS INTERNATIONAL GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED
12.1.14 PFISTERER HOLDING AG
TABLE 136 PFISTERER HOLDING AG: COMPANY OVERVIEW
TABLE 137 PFISTERER HOLDING AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED
12.1.15 MAN ENERGY SOLUTIONS
TABLE 138 MAN ENERGY SOLUTIONS: COMPANY OVERVIEW
TABLE 13 MAN ENERGY SOLUTIONS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
12.2 OTHER PLAYERS
12.2.1 DANVEST BV
12.2.2 SILVER POWER SYSTEMS
12.2.3 WUXI CHWAY TECHNOLOGY CO., LTD.
12.2.4 FOSHAN TANFON ENERGY CO., LTD.
12.2.5 CLEAR BLUE TECHNOLOGIES INC.
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
13 APPENDIX
13.1 INSIGHTS FROM INDUSTRY EXPERTS
13.2 DISCUSSION GUIDE
13.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.4 CUSTOMIZATION OPTIONS
13.5 RELATED REPORTS
13.6 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
TABLE 1 HYBRID POWER SOLUTIONS MARKET: INCLUSIONS AND EXCLUSIONS, BY SYSTEM TYPE
TABLE 2 HYBRID POWER SOLUTIONS MARKET: INCLUSIONS AND EXCLUSIONS, BY CAPACITY
TABLE 3 HYBRID POWER SOLUTIONS MARKET: INCLUSIONS AND EXCLUSIONS, BY GRID CONNECTIVITY
TABLE 4 HYBRID POWER SOLUTIONS MARKET: INCLUSIONS AND EXCLUSIONS, BY END USER
1.3 MARKET SCOPE
1.3.1 MARKETS COVERED
1.3.2 REGIONAL SCOPE
1.3.3 YEARS CONSIDERED
1.3.4 CURRENCY CONSIDERED
1.4 LIMITATIONS
1.5 STAKEHOLDERS
1.6 RECESSION IMPACT
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 1 HYBRID POWER SOLUTIONS MARKET: RESEARCH DESIGN
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 2 DATA TRIANGULATION
2.2.1 SECONDARY DATA
2.2.1.1 Key data from secondary sources
2.2.2 PRIMARY DATA
2.2.2.1 Key data from primary sources
2.2.2.2 Breakdown of primaries
2.3 SCOPE
FIGURE 3 MAIN METRICS CONSIDERED TO ANALYZE AND ASSESS DEMAND FOR HYBRID POWER SOLUTIONS
2.4 MARKET SIZE ESTIMATION
2.4.1 BOTTOM-UP APPROACH
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.4.2 TOP-DOWN APPROACH
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.4.3 DEMAND-SIDE ANALYSIS
2.4.3.1 Regional analysis
2.4.3.2 Country-level analysis
2.4.3.3 Assumptions for demand-side analysis
2.4.3.4 Calculations for demand-side analysis
2.4.4 SUPPLY-SIDE ANALYSIS
FIGURE 6 KEY STEPS CONSIDERED TO ASSESS SUPPLY OF HYBRID POWER SOLUTIONS
FIGURE 7 HYBRID POWER SOLUTIONS MARKET: SUPPLY-SIDE ANALYSIS
2.4.4.1 Calculations for supply-side analysis
2.4.4.2 Assumptions for supply-side analysis
2.4.5 FORECAST
2.5 RISK ASSESSMENT
2.6 IMPACT OF RECESSION
3 EXECUTIVE SUMMARY
TABLE 5 HYBRID POWER SOLUTIONS MARKET SNAPSHOT
FIGURE 8 SOUTH AMERICA TO REGISTER HIGHEST CAGR IN HYBRID POWER SOLUTIONS MARKET DURING FORECAST PERIOD
FIGURE ABOVE 1 MW SEGMENT TO LEAD HYBRID POWER SOLUTIONS MARKET DURING FORECAST PERIOD
FIGURE 10 ON-GRID TO BE DOMINANT SEGMENT IN HYBRID POWER SOLUTIONS MARKET DURING FORECAST PERIOD
FIGURE 11 INDUSTRIAL SEGMENT TO LEAD HYBRID POWER SOLUTIONS MARKET DURING FORECAST PERIOD
FIGURE 12 SOLAR-WIND SEGMENT TO LEAD HYBRID POWER SOLUTIONS MARKET DURING FORECAST PERIOD
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN HYBRID POWER SOLUTIONS MARKET
FIGURE 13 RISING ADOPTION OF RENEWABLE SOURCES IN POWER GENERATION
4.2 HYBRID POWER SOLUTIONS MARKET, BY REGION
FIGURE 14 SOUTH AMERICAN HYBRID POWER SOLUTIONS MARKET TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
4.3 NORTH AMERICAN HYBRID POWER SOLUTIONS MARKET, BY END USER AND COUNTRY
FIGURE 15 INDUSTRIAL SEGMENT AND US HELD LARGEST SHARES OF NORTH AMERICAN HYBRID POWER SOLUTIONS MARKET IN 2022
4.4 HYBRID POWER SOLUTIONS MARKET, BY SYSTEM TYPE
FIGURE 16 SOLAR-WIND SEGMENT TO DOMINATE HYBRID POWER SOLUTIONS MARKET IN 2028
4.5 HYBRID POWER SOLUTIONS MARKET, BY END USER
FIGURE 17 INDUSTRIAL SEGMENT TO ACCOUNT FOR LARGEST SHARE OF HYBRID POWER SOLUTIONS MARKET IN 2028
4.6 HYBRID POWER SOLUTIONS MARKET, BY GRID CONNECTIVITY
FIGURE 18 ON-GRID SEGMENT TO ACCOUNT FOR LARGER SHARE OF HYBRID POWER SOLUTIONS MARKET IN 2028
4.7 HYBRID POWER SOLUTIONS MARKET, BY CAPACITY
FIGURE 1 ABOVE 1 MW SEGMENT TO ACCOUNT FOR LARGEST SHARE OF HYBRID POWER SOLUTIONS MARKET IN 2028
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 20 HYBRID POWER SOLUTIONS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Increased hybrid power generation in off-grid locations
FIGURE 21 OFF-GRID CAPACITY, BY SOURCE, 2019–2021
FIGURE 22 OFFSHORE WIND INSTALLATION CAPACITY (GW), BY REGION, 2018–2050
5.2.1.2 Lower operating costs than conventional diesel generators
FIGURE 23 FLUCTUATIONS IN GLOBAL FUEL PRICES, 2015–201
5.2.2 RESTRAINTS
5.2.2.1 High initial investments
FIGURE 24 CAPITAL COST ASSOCIATED WITH SOLAR-DIESEL-BASED HYBRID POWER SOLUTIONS, BY COMPONENT (%)
5.2.2.2 Higher payback time than conventional diesel generators
5.2.3 OPPORTUNITIES
5.2.3.1 Reduction in carbon emissions
TABLE 6 EMISSION REDUCTION TARGETS
5.2.3.2 Growing requirement for uninterrupted power from telecom infrastructure operators
5.2.4 CHALLENGES
5.2.4.1 Complex system integration
5.2.4.2 Solar panel failures
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
FIGURE 25 REVENUE SHIFTS AND NEW REVENUE POCKETS FOR PLAYERS IN HYBRID POWER SOLUTIONS MARKET
5.4 ECOSYSTEM ANALYSIS
TABLE 7 HYBRID POWER SOLUTIONS MARKET: ECOSYSTEM ANALYSIS
FIGURE 26 HYBRID POWER SOLUTIONS MARKET: ECOSYSTEM ANALYSIS
5.5 VALUE CHAIN ANALYSIS
FIGURE 27 HYBRID POWER SOLUTIONS MARKET: VALUE CHAIN ANALYSIS
5.5.1 RAW MATERIAL PROVIDERS/SUPPLIERS/COMPONENT MANUFACTURERS
5.5.2 HYBRID POWER SOLUTION MANUFACTURERS/ASSEMBLERS
5.5.3 SYSTEM INTEGRATORS
5.5.4 DISTRIBUTORS/RESELLERS
5.5.5 PROJECT DEVELOPERS AND ENGINEERING, PROCUREMENT, AND CONSTRUCTION (EPC) COMPANIES
5.5.6 END USERS
5.5.7 MAINTENANCE AND SERVICE PROVIDERS
5.6 PRICING ANALYSIS
FIGURE 28 AVERAGE SELLING PRICE (ASP) OF HYBRID POWER SOLUTIONS, BY SYSTEM TYPE
TABLE 8 AVERAGE SELLING PRICE (ASP) OF HYBRID POWER SOLUTIONS, BY SYSTEM TYPE (USD THOUSAND/MW)
TABLE AVERAGE SELLING PRICE (ASP) ANALYSIS, BY REGION (2021 AND 2028)
FIGURE 2 AVERAGE SELLING PRICE (ASP) ANALYSIS, BY REGION (2021 AND 2028)
5.7 TECHNOLOGY ANALYSIS
5.7.1 SMART MICROGRID
5.8 TARIFFS, CODES, AND REGULATIONS
5.8.1 TARIFF RELATED TO HYBRID POWER SOLUTION UNITS
TABLE 10 TARIFF RELATED TO ELECTRIC MOTORS AND GENERATORS
TABLE 11 TARIFF RELATED TO HYDROGEN
5.8.2 CODES AND REGULATIONS RELATED TO HYBRID POWER SOLUTIONS
5.8.3 CARBON-REDUCTION POLICY TRENDS IN ENERGY INDUSTRY
5.8.4 CLIMATE SOLUTIONS ACT
5.8.5 REGULATIONS RELATED TO HYBRID POWER SOLUTIONS
TABLE 12 HYBRID POWER SOLUTIONS MARKET: REGULATIONS
5. PATENT ANALYSIS
TABLE 13 HYBRID POWER SOLUTIONS MARKET: INNOVATIONS AND PATENT REGISTRATIONS
5.10 TRADE ANALYSIS
5.10.1 EXPORT SCENARIO FOR ELECTRIC MOTORS AND GENERATORS
TABLE 14 EXPORT SCENARIO FOR HS CODE: 8501, BY COUNTRY, 2020–2022 (USD THOUSAND)
5.10.2 IMPORT SCENARIO FOR ELECTRIC MOTORS AND GENERATORS
TABLE 15 IMPORT SCENARIO FOR HS CODE: 8501, BY COUNTRY, 2020–2022 (USD THOUSAND)
5.11 KEY CONFERENCES AND EVENTS, 2023–2024
TABLE 16 HYBRID POWER SOLUTIONS MARKET: LIST OF CONFERENCES AND EVENTS
5.12 CASE STUDY ANALYSIS
5.12.1 MAN ENERGY SOLUTIONS TACKLED CHALLENGE OF RELIABLE POWER SUPPLY BY COMBINING RENEWABLE ENERGY SOURCES WITH HIGHLY ADAPTABLE GENSETS
5.12.2 MAN ENERGY SOLUTIONS BUILT NEW HYBRID POWER SYSTEM FOR MINING INDUSTRY
5.13 PORTER’S FIVE FORCES ANALYSIS
TABLE 17 HYBRID POWER SOLUTIONS MARKET: PORTER’S FIVE FORCES ANALYSIS
FIGURE 30 HYBRID POWER SOLUTIONS MARKET: PORTER’S FIVE FORCES ANALYSIS
5.13.1 THREAT OF SUBSTITUTES
5.13.2 BARGAINING POWER OF SUPPLIERS
5.13.3 BARGAINING POWER OF BUYERS
5.13.4 THREAT OF NEW ENTRANTS
5.13.5 INTENSITY OF COMPETITIVE RIVALRY
5.14 KEY STAKEHOLDERS AND BUYING CRITERIA
5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 31 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER
TABLE 18 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER (%)
5.14.2 BUYING CRITERIA
FIGURE 32 KEY BUYING CRITERIA, BY END USER
TABLE 1 KEY BUYING CRITERIA, BY END USER
6 HYBRID POWER SOLUTIONS MARKET, BY SYSTEM TYPE
6.1 INTRODUCTION
FIGURE 33 HYBRID POWER SOLUTIONS MARKET, BY SYSTEM TYPE, 2022
TABLE 20 HYBRID POWER SOLUTIONS MARKET, BY SYSTEM TYPE, 2021–2028 (USD MILLION)
6.2 SOLAR-FOSSIL
6.2.1 INCREASING DEMAND FOR CLEAN ENERGY TO COMBAT CLIMATE CHANGE AND REDUCE GREENHOUSE GAS EMISSIONS
TABLE 21 SOLAR-FOSSIL: HYBRID POWER SOLUTIONS MARKET, BY REGION, 2021–2028 (USD MILLION)
6.3 WIND-FOSSIL
6.3.1 CAPABILITY TO ADDRESS INTERMITTENCY OF WIND ENERGY AND ENSURE STABLE AND RELIABLE ELECTRICITY SUPPLY
TABLE 22 WIND-FOSSIL: HYBRID POWER SOLUTIONS MARKET, BY REGION, 2021–2028 (USD MILLION)
6.4 SOLAR-WIND-FOSSIL
6.4.1 HIGH EFFICIENCY AND ABILITY TO OVERCOME CHALLENGES OF INTERMITTENT SOLAR AND WIND ENERGY
TABLE 23 SOLAR-WIND-FOSSIL: HYBRID POWER SOLUTIONS MARKET, BY REGION, 2021–2028 (USD MILLION)
6.5 SOLAR-WIND
6.5.1 RISING DEVELOPMENT OF LARGE-SCALE POWER PLANTS
TABLE 24 SOLAR-WIND: HYBRID POWER SOLUTIONS MARKET, BY REGION, 2021–2028 (USD MILLION)
6.6 OTHERS
TABLE 25 OTHERS: HYBRID POWER SOLUTIONS MARKET, BY REGION, 2021–2028 (USD MILLION)
7 HYBRID POWER SOLUTIONS MARKET, BY CAPACITY
7.1 INTRODUCTION
FIGURE 34 HYBRID POWER SOLUTIONS MARKET, BY CAPACITY, 2022
TABLE 26 HYBRID POWER SOLUTIONS MARKET, BY CAPACITY, 2021–2028 (USD MILLION)
7.2 UP TO 100 KW
7.2.1 HIGH ADOPTION IN RESIDENTIAL SECTOR
TABLE 27 UP TO 100 KW: HYBRID POWER SOLUTIONS MARKET, BY REGION, 2021–2028 (USD MILLION)
7.3 100 KW–1 MW
7.3.1 VERSATILITY AND ABILITY TO MEET SPECIFIC ENERGY NEEDS
TABLE 28 100 KW–1 MW: HYBRID POWER SOLUTIONS MARKET, BY REGION, 2021–2028 (USD MILLION)
7.4 ABOVE 1 MW
7.4.1 INCREASING INVESTMENTS IN LARGE-SCALE HYBRID POWER PLANTS
TABLE 2 ABOVE 1 MW: HYBRID POWER SOLUTIONS MARKET, BY REGION, 2021–2028 (USD MILLION)
8 HYBRID POWER SOLUTIONS MARKET, BY GRID CONNECTIVITY
8.1 INTRODUCTION
FIGURE 35 HYBRID POWER SOLUTIONS MARKET, BY GRID CONNECTIVITY, 2022
TABLE 30 HYBRID POWER SOLUTIONS MARKET, BY GRID CONNECTIVITY, 2021–2028 (USD MILLION)
8.2 ON-GRID
8.2.1 GROWING NEED TO REDUCE POWER PEAK DEMAND AND GREENHOUSE GAS EMISSIONS
TABLE 31 ON-GRID: HYBRID POWER SOLUTIONS MARKET, BY REGION, 2021–2028 (USD MILLION)
8.3 OFF-GRID
8.3.1 INCREASING REQUIREMENT FOR RELIABLE POWER IN REMOTE AREAS
TABLE 32 OFF-GRID: HYBRID POWER SOLUTIONS MARKET, BY REGION, 2021–2028 (USD MILLION)
HYBRID POWER SOLUTIONS MARKET, BY END USER
9.1 INTRODUCTION
FIGURE 36 HYBRID POWER SOLUTIONS MARKET, BY END USER, 2022
TABLE 33 HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)
9.2 RESIDENTIAL
9.2.1 RISING NEED TO REDUCE RELIANCE ON TRADITIONAL GRID ELECTRICITY
TABLE 34 RESIDENTIAL: HYBRID POWER SOLUTIONS MARKET, BY REGION, 2021–2028 (USD MILLION)
9.3 COMMERCIAL
9.3.1 GROWING ADOPTION TO MEET ENERGY NEEDS AND REDUCE OPERATIONAL COSTS
TABLE 35 COMMERCIAL: HYBRID POWER SOLUTIONS MARKET, BY REGION, 2021–2028 (USD MILLION)
9.4 INDUSTRIAL
9.4.1 HIGH POWER REQUIREMENT IN REMOTE LOCATIONS
TABLE 36 INDUSTRIAL: HYBRID POWER SOLUTIONS MARKET, BY REGION, 2021–2028 (USD MILLION)
10 HYBRID POWER SOLUTIONS MARKET, BY REGION
10.1 INTRODUCTION
FIGURE 37 SOUTH AMERICAN HYBRID POWER SOLUTIONS MARKET TO REGISTER HIGHEST CAGR FROM 2023 TO 2028
FIGURE 38 HYBRID POWER SOLUTIONS MARKET, BY REGION, 2022 (%)
TABLE 37 HYBRID POWER SOLUTIONS MARKET, BY REGION, 2021–2028 (USD MILLION)
TABLE 38 HYBRID POWER SOLUTIONS MARKET, BY REGION, 2021–2028 (MW)
10.2 ASIA PACIFIC
FIGURE 3 ASIA PACIFIC: SNAPSHOT OF HYBRID POWER SOLUTIONS MARKET
10.2.1 ASIA PACIFIC: RECESSION IMPACT
10.2.2 BY SYSTEM TYPE
TABLE 3 ASIA PACIFIC: HYBRID POWER SOLUTIONS MARKET, BY SYSTEM TYPE, 2021–2028 (USD MILLION)
10.2.3 BY CAPACITY
TABLE 40 ASIA PACIFIC: HYBRID POWER SOLUTIONS MARKET, BY CAPACITY, 2021–2028 (USD MILLION)
10.2.4 BY END USER
TABLE 41 ASIA PACIFIC: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)
10.2.5 BY GRID CONNECTIVITY
TABLE 42 ASIA PACIFIC: HYBRID POWER SOLUTIONS MARKET, BY GRID CONNECTIVITY, 2021–2028 (USD MILLION)
10.2.6 BY COUNTRY
TABLE 43 ASIA PACIFIC: HYBRID POWER SOLUTIONS MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
10.2.6.1 China
10.2.6.1.1 Rising emphasis on diversifying energy sources and reducing reliance on traditional fossil fuels
TABLE 44 CHINA: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)
10.2.6.2 India
10.2.6.2.1 Adoption of renewable energy and sustainable practices to address energy security and environmental concerns
TABLE 45 INDIA: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)
10.2.6.3 Japan
10.2.6.3.1 Government-led policies, feed-in tariffs, and subsidies
TABLE 46 JAPAN: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)
10.2.6.4 Australia
10.2.6.4.1 Abundance of renewable energy resources and electrification of remote off-grid locations
TABLE 47 AUSTRALIA: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)
10.2.6.5 South Korea
10.2.6.5.1 Rapid industrialization and urbanization
TABLE 48 SOUTH KOREA: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)
10.2.6.6 Taiwan
10.2.6.6.1 Presence of favorable government policies
TABLE 4 TAIWAN: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)
10.2.6.7 Rest of Asia Pacific
TABLE 50 REST OF ASIA PACIFIC: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)
10.3 MIDDLE EAST & AFRICA
FIGURE 40 MIDDLE EAST & AFRICA: SNAPSHOT OF HYBRID POWER SOLUTIONS MARKET
10.3.1 MIDDLE EAST & AFRICA: RECESSION IMPACT
10.3.2 BY SYSTEM TYPE
TABLE 51 MIDDLE EAST & AFRICA: HYBRID POWER SOLUTIONS MARKET, BY SYSTEM TYPE, 2021–2028 (USD MILLION)
10.3.3 BY CAPACITY
TABLE 52 MIDDLE EAST & AFRICA: HYBRID POWER SOLUTIONS MARKET, BY CAPACITY, 2021–2028 (USD MILLION)
10.3.4 BY END USER
TABLE 53 MIDDLE EAST & AFRICA: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)
10.3.5 BY GRID CONNECTIVITY
TABLE 54 MIDDLE EAST & AFRICA: HYBRID POWER SOLUTIONS MARKET, BY GRID CONNECTIVITY, 2021–2028 (USD MILLION)
10.3.6 BY COUNTRY
TABLE 55 MIDDLE EAST & AFRICA: HYBRID POWER SOLUTIONS MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
10.3.6.1 Egypt
10.3.6.1.1 Growing adoption of sustainable energy practices
TABLE 56 EGYPT: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)
10.3.6.2 Nigeria
10.3.6.2.1 Renewable energy commitments
TABLE 57 NIGERIA: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)
10.3.6.3 Senegal
10.3.6.3.1 Renewable energy initiatives to diversify energy sources, reduce carbon emissions, and enhance energy security
TABLE 58 SENEGAL: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)
10.3.6.4 South Africa
10.3.6.4.1 Rapid urbanization and rising number of renewable energy projects
TABLE 5 SOUTH AFRICA: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)
10.3.6.5 Rest of Middle East & Africa
TABLE 60 REST OF MIDDLE EAST & AFRICA: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)
10.4 EUROPE
FIGURE 41 EUROPE: SNAPSHOT OF HYBRID POWER SOLUTIONS MARKET
10.4.1 RECESSION IMPACT: EUROPE
10.4.2 BY SYSTEM TYPE
TABLE 61 EUROPE: HYBRID POWER SOLUTIONS MARKET, BY SYSTEM TYPE, 2021–2028 (USD MILLION)
10.4.3 BY CAPACITY
TABLE 62 EUROPE: HYBRID POWER SOLUTIONS MARKET, BY CAPACITY, 2021–2028 (USD MILLION)
10.4.4 BY END USER
TABLE 63 EUROPE: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)
10.4.5 BY GRID CONNECTIVITY
TABLE 64 EUROPE: HYBRID POWER SOLUTIONS MARKET, BY GRID CONNECTIVITY, 2021–2028 (USD MILLION)
10.4.6 BY COUNTRY
TABLE 65 EUROPE: HYBRID POWER SOLUTIONS MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
10.4.6.1 UK
10.4.6.1.1 Strong commitment toward sustainable future and technological advancements
TABLE 66 UK: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)
10.4.6.2 Germany
10.4.6.2.1 Shift toward renewable energy sources to decrease carbon emissions
TABLE 67 GERMANY: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)
10.4.6.3 Sweden
10.4.6.3.1 Rising focus on reducing carbon emissions
TABLE 68 SWEDEN: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)
10.4.6.4 France
10.4.6.4.1 Rising number of hybrid projects
TABLE 6 FRANCE: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)
10.4.6.5 Netherlands
10.4.6.5.1 Advancements in hybrid power technologies
TABLE 70 NETHERLANDS: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)
10.4.6.6 Spain
10.4.6.6.1 Declining costs of renewable energy technologies and favorable environment for solar-wind hybrid systems
TABLE 71 SPAIN: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)
10.4.6.7 Rest of Europe
TABLE 72 REST OF EUROPE: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)
10.5 NORTH AMERICA
10.5.1 NORTH AMERICA: RECESSION IMPACT
10.5.2 BY SYSTEM TYPE
TABLE 73 NORTH AMERICA: HYBRID POWER SOLUTIONS MARKET, BY SYSTEM TYPE, 2021–2028 (USD MILLION)
10.5.3 BY CAPACITY
TABLE 74 NORTH AMERICA: HYBRID POWER SOLUTIONS MARKET, BY CAPACITY, 2021–2028 (USD MILLION)
10.5.4 BY END USER
TABLE 75 NORTH AMERICA: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)
10.5.5 BY GRID CONNECTIVITY
TABLE 76 NORTH AMERICA: HYBRID POWER SOLUTIONS MARKET, BY GRID CONNECTIVITY, 2021–2028 (USD MILLION)
10.5.6 BY COUNTRY
TABLE 77 NORTH AMERICA: HYBRID POWER SOLUTIONS MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
10.5.6.1 US
10.5.6.1.1 Presence of sustainable energy landscape and increasing investments in hybrid projects
TABLE 78 US: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)
10.5.6.2 Canada
10.5.6.2.1 Increasing investments in renewable energy sources attributed to supportive government policies, incentives, and grants
TABLE 7 CANADA: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)
10.5.6.3 Mexico
10.5.6.3.1 Technological advancements and decreasing renewable energy costs
TABLE 80 MEXICO: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)
10.6 SOUTH AMERICA
10.6.1 SOUTH AMERICA: RECESSION IMPACT
10.6.2 BY SYSTEM TYPE
TABLE 81 SOUTH AMERICA: HYBRID POWER SOLUTIONS MARKET, BY SYSTEM TYPE, 2021–2028 (USD MILLION)
10.6.3 BY CAPACITY
TABLE 82 SOUTH AMERICA: HYBRID POWER SOLUTIONS MARKET, BY CAPACITY, 2021–2028 (USD MILLION)
10.6.4 BY END USER
TABLE 83 SOUTH AMERICA: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)
10.6.5 BY GRID CONNECTIVITY
TABLE 84 SOUTH AMERICA: HYBRID POWER SOLUTIONS MARKET, BY GRID CONNECTIVITY, 2021–2028 (USD MILLION)
10.6.6 BY COUNTRY
TABLE 85 SOUTH AMERICA: HYBRID POWER SOLUTIONS MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
10.6.6.1 Brazil
10.6.6.1.1 Government-led regulations and initiatives to combat climate change
TABLE 86 BRAZIL: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)
10.6.6.2 Chile
10.6.6.2.1 Rising focus on reducing dependence on imported fossil fuels
TABLE 87 CHILE: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)
10.6.6.3 Rest of South America
TABLE 88 REST OF SOUTH AMERICA: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)
11 COMPETITIVE LANDSCAPE
11.1 OVERVIEW
11.1.1 KEY STRATEGIES ADOPTED BY MAJOR PLAYERS
TABLE 8 HYBRID POWER SOLUTIONS MARKET: KEY STRATEGIES ADOPTED BY MAJOR PLAYERS, 2018–2022
11.2 MARKET SHARE ANALYSIS, 2022
FIGURE 42 HYBRID POWER SOLUTIONS MARKET SHARE ANALYSIS, 2022
11.3 REVENUE ANALYSIS, 2018–2022
FIGURE 43 HYBRID POWER SOLUTIONS MARKET: REVENUE ANALYSIS, 2018–2022
11.4 COMPANY EVALUATION MATRIX, 2022
11.4.1 STARS
11.4.2 PERVASIVE PLAYERS
11.4.3 EMERGING LEADERS
11.4.4 PARTICIPANTS
FIGURE 44 HYBRID POWER SOLUTIONS MARKET: COMPANY EVALUATION MATRIX, 2022
11.5 COMPETITIVE BENCHMARKING
TABLE 90 SYSTEM TYPE: COMPANY FOOTPRINT
TABLE 91 END USER: COMPANY FOOTPRINT
TABLE 92 CAPACITY: COMPANY FOOTPRINT
TABLE 93 GRID CONNECTIVITY: COMPANY FOOTPRINT
TABLE 94 REGION: COMPANY FOOTPRINT
TABLE 95 COMPANY FOOTPRINT
11.6 COMPETITIVE SCENARIOS AND TRENDS
TABLE 96 HYBRID POWER SOLUTIONS MARKET: PRODUCT LAUNCHES, JANUARY 2019–JANUARY 2023
TABLE 97 HYBRID POWER SOLUTIONS MARKET: DEALS, JANUARY 2019–JANUARY 2023
TABLE 98 HYBRID POWER SOLUTIONS MARKET: OTHERS, JANUARY 2019–JANUARY 2023
12 COMPANY PROFILES
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
12.1 KEY PLAYERS
12.1.1 VERTIV GROUP CORP.
TABLE 9 VERTIV GROUP CORP.: COMPANY OVERVIEW
FIGURE 45 VERTIV GROUP CORP.: COMPANY SNAPSHOT
TABLE 100 VERTIV GROUP CORP.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
12.1.2 GENERAL ELECTRIC
TABLE 101 GENERAL ELECTRIC: COMPANY OVERVIEW
FIGURE 46 GENERAL ELECTRIC: COMPANY SNAPSHOT
TABLE 102 GENERAL ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 103 GENERAL ELECTRIC: PRODUCT LAUNCHES
TABLE 104 GENERAL ELECTRIC: DEALS
TABLE 105 GENERAL ELECTRIC: OTHERS
12.1.3 SIEMENS ENERGY
TABLE 106 SIEMENS ENERGY: COMPANY OVERVIEW
FIGURE 47 SIEMENS ENERGY: COMPANY SNAPSHOT
TABLE 107 SIEMENS ENERGY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 108 SIEMENS ENERGY: DEALS
12.1.4 VESTAS
TABLE 10 VESTAS: COMPANY OVERVIEW
FIGURE 48 VESTAS: COMPANY SNAPSHOT
TABLE 110 VESTAS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 111 VESTAS: OTHERS
12.1.5 WДRTSILД
TABLE 112 WДRTSILД: COMPANY OVERVIEW
FIGURE 4 WДRTSILД: COMPANY SNAPSHOT
TABLE 113 WДRTSILД: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 114 WДRTSILД: PRODUCT LAUNCHES
TABLE 115 WДRTSILД: DEALS
TABLE 116 WДRTSILД: OTHERS
12.1.6 SMA SOLAR TECHNOLOGY AG
TABLE 117 SMA SOLAR TECHNOLOGY AG: COMPANY OVERVIEW
FIGURE 50 SMA SOLAR TECHNOLOGY AG: COMPANY SNAPSHOT
TABLE 118 SMA SOLAR TECHNOLOGY AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED
12.1.7 HUAWEI TECHNOLOGIES CO., LTD.
TABLE 11 HUAWEI TECHNOLOGIES CO., LTD.: COMPANY OVERVIEW
TABLE 120 HUAWEI TECHNOLOGIES CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 121 HUAWEI TECHNOLOGIES CO. LTD.: PRODUCT LAUNCHES
12.1.8 ZTE CORPORATION
TABLE 122 ZTE CORPORATION: COMPANY OVERVIEW
FIGURE 51 ZTE CORPORATION: COMPANY SNAPSHOT
TABLE 123 ZTE CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
12.1. DELTA ELECTRONICS, INC.
TABLE 124 DELTA ELECTRONICS, INC.: COMPANY OVERVIEW
FIGURE 52 DELTA ELECTRONICS, INC.: COMPANY SNAPSHOT
TABLE 125 DELTA ELECTRONICS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 126 DELTA ELECTRONICS, INC.: DEALS
12.1.10 LONGI
TABLE 127 LONGI: COMPANY OVERVIEW
FIGURE 53 LONGI: COMPANY SNAPSHOT
TABLE 128 LONGI: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 12 LONGI: DEALS
12.1.11 CHINT GROUP
TABLE 130 CHINT GROUP: COMPANY OVERVIEW
TABLE 131 CHINT GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
12.1.12 VERGNET SA
TABLE 132 VERGNET SA: COMPANY OVERVIEW
TABLE 133 VERGNET SA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
12.1.13 FRONIUS INTERNATIONAL GMBH
TABLE 134 FRONIUS INTERNATIONAL GMBH: COMPANY OVERVIEW
TABLE 135 FRONIUS INTERNATIONAL GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED
12.1.14 PFISTERER HOLDING AG
TABLE 136 PFISTERER HOLDING AG: COMPANY OVERVIEW
TABLE 137 PFISTERER HOLDING AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED
12.1.15 MAN ENERGY SOLUTIONS
TABLE 138 MAN ENERGY SOLUTIONS: COMPANY OVERVIEW
TABLE 13 MAN ENERGY SOLUTIONS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
12.2 OTHER PLAYERS
12.2.1 DANVEST BV
12.2.2 SILVER POWER SYSTEMS
12.2.3 WUXI CHWAY TECHNOLOGY CO., LTD.
12.2.4 FOSHAN TANFON ENERGY CO., LTD.
12.2.5 CLEAR BLUE TECHNOLOGIES INC.
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
13 APPENDIX
13.1 INSIGHTS FROM INDUSTRY EXPERTS
13.2 DISCUSSION GUIDE
13.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.4 CUSTOMIZATION OPTIONS
13.5 RELATED REPORTS
13.6 AUTHOR DETAILS
