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PUBLISHER: IMARC | PRODUCT CODE: 1541574
PUBLISHER: IMARC | PRODUCT CODE: 1541574
Hybrid Power Solutions Market Report by System Type (Solar-Diesel, Wind-Diesel, Solar-Wind-Diesel, and Others), Power Rating (Up to 10 KW, 11 KW-100 KW, Above 100 KW), End User (Residential, Commercial, and Others), and Region 2024-2032
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PAGES: 149 Pages
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The global hybrid power solutions market size reached US$ 1,100 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 2,000 Million by 2032, exhibiting a growth rate (CAGR) of 7.2% during 2024-2032.
Hybrid power solutions rely on loads, generators, converters, storage systems and renewable energy sources to generate power. These solutions are presently available in varying sizes, ranging from large island grids of many megawatts to individual household power supplies of around one kilowatt. As they minimize carbon footprint and reduce the overall cost of energy, hybrid power solutions find extensive application in utilities, municipalities, independent power producers (IPPs) and system operators worldwide.
The increasing consumption of electricity, in confluence with the escalating demand for clean energy sources on account of rising environmental concerns, represents one of the key factors bolstering the market growth. Moreover, the increasing adoption of hybrid power solutions can be attributed to the rising need for storing excess power during oversupply, supply shortages and sudden peaks in load demand. Furthermore, hybrid power solutions that deliver alternating current (AC) of fixed frequency are gaining traction for supplying electric power in remote locations. Apart from this, as these solutions offer increased reliability, enhanced flexibility and fuel efficiency, lower greenhouse gas (GHG) emissions and a wide range of operating modes, their application is expanding in various end use industries. Moreover, the leading market players are focusing on reducing the cost of battery energy storage systems (BESS) while improving hardware, energy density, safety and efficiency of hybrid power solutions. This, in turn, is anticipated to positively influencing the growth of the market in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global hybrid power solutions market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on system type, power rating and end user.
Breakup by System Type:
Solar-Diesel
Wind-Diesel
Solar-Wind-Diesel
Others
Breakup by Power Rating:
Up to 10 KW
11 KW-100 KW
Above 100 KW
Breakup by End User:
Residential
Commercial
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being AEG Power Solutions GmbH, Delta Electronics Inc., ENGIE EPS S.A., Huawei Technologies Co. Ltd., Pfisterer Holding Aktiengesellschaft, Siemens AG, Silver Power Systems Ltd., SMA Solar Technology AG, Vergnet SA and ZTE Corporation.
Key Questions Answered in This Report:
- How has the global hybrid power solutions market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global hybrid power solutions market?
- What are the key regional markets?
- What is the breakup of the market based on the system type?
- What is the breakup of the market based on the power rating?
- What is the breakup of the market based on the end user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global hybrid power solutions market and who are the key players?
- What is the degree of competition in the industry?
Product Code: SR112024A3339
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Hybrid Power Solutions Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by System Type
- 6.1 Solar-Diesel
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Wind-Diesel
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Solar-Wind-Diesel
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Others
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
7 Market Breakup by Power Rating
- 7.1 Up to 10 KW
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 11 KW-100 KW
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Above 100 KW
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by End User
- 8.1 Residential
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Commercial
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Others
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 AEG Power Solutions GmbH
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.2 Delta Electronics Inc.
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.3 ENGIE EPS S.A.
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.4 Huawei Technologies Co. Ltd.
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 SWOT Analysis
- 14.3.5 Pfisterer Holding Aktiengesellschaft
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.6 Siemens AG
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.6.4 SWOT Analysis
- 14.3.7 Silver Power Systems Ltd.
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.8 SMA Solar Technology AG
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.8.4 SWOT Analysis
- 14.3.9 Vergnet SA
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.10 ZTE Corporation
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.1 AEG Power Solutions GmbH
Product Code: SR112024A3339
List of Figures
- Figure 1: Global: Hybrid Power Solutions Market: Major Drivers and Challenges
- Figure 2: Global: Hybrid Power Solutions Market: Sales Value (in Million US$), 2018-2023
- Figure 3: Global: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 4: Global: Hybrid Power Solutions Market: Breakup by System Type (in %), 2023
- Figure 5: Global: Hybrid Power Solutions Market: Breakup by Power Rating (in %), 2023
- Figure 6: Global: Hybrid Power Solutions Market: Breakup by End User (in %), 2023
- Figure 7: Global: Hybrid Power Solutions Market: Breakup by Region (in %), 2023
- Figure 8: Global: Hybrid Power Solutions (Solar-Diesel) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 9: Global: Hybrid Power Solutions (Solar-Diesel) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 10: Global: Hybrid Power Solutions (Wind-Diesel) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 11: Global: Hybrid Power Solutions (Wind-Diesel) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 12: Global: Hybrid Power Solutions (Solar-Wind-Diesel) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 13: Global: Hybrid Power Solutions (Solar-Wind-Diesel) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 14: Global: Hybrid Power Solutions (Others) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 15: Global: Hybrid Power Solutions (Others) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 16: Global: Hybrid Power Solutions (Up to 10 KW) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 17: Global: Hybrid Power Solutions (Up to 10 KW) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 18: Global: Hybrid Power Solutions (11 KW-100 KW) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 19: Global: Hybrid Power Solutions (11 KW-100 KW) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 20: Global: Hybrid Power Solutions (Above 100 KW) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 21: Global: Hybrid Power Solutions (Above 100 KW) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 22: Global: Hybrid Power Solutions (Residential) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 23: Global: Hybrid Power Solutions (Residential) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 24: Global: Hybrid Power Solutions (Commercial) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 25: Global: Hybrid Power Solutions (Commercial) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 26: Global: Hybrid Power Solutions (Others) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 27: Global: Hybrid Power Solutions (Others) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 28: North America: Hybrid Power Solutions Market: Sales Value (in Million US$), 2018 & 2023
- Figure 29: North America: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 30: United States: Hybrid Power Solutions Market: Sales Value (in Million US$), 2018 & 2023
- Figure 31: United States: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 32: Canada: Hybrid Power Solutions Market: Sales Value (in Million US$), 2018 & 2023
- Figure 33: Canada: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 34: Asia-Pacific: Hybrid Power Solutions Market: Sales Value (in Million US$), 2018 & 2023
- Figure 35: Asia-Pacific: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 36: China: Hybrid Power Solutions Market: Sales Value (in Million US$), 2018 & 2023
- Figure 37: China: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 38: Japan: Hybrid Power Solutions Market: Sales Value (in Million US$), 2018 & 2023
- Figure 39: Japan: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 40: India: Hybrid Power Solutions Market: Sales Value (in Million US$), 2018 & 2023
- Figure 41: India: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 42: South Korea: Hybrid Power Solutions Market: Sales Value (in Million US$), 2018 & 2023
- Figure 43: South Korea: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 44: Australia: Hybrid Power Solutions Market: Sales Value (in Million US$), 2018 & 2023
- Figure 45: Australia: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 46: Indonesia: Hybrid Power Solutions Market: Sales Value (in Million US$), 2018 & 2023
- Figure 47: Indonesia: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 48: Others: Hybrid Power Solutions Market: Sales Value (in Million US$), 2018 & 2023
- Figure 49: Others: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 50: Europe: Hybrid Power Solutions Market: Sales Value (in Million US$), 2018 & 2023
- Figure 51: Europe: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 52: Germany: Hybrid Power Solutions Market: Sales Value (in Million US$), 2018 & 2023
- Figure 53: Germany: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 54: France: Hybrid Power Solutions Market: Sales Value (in Million US$), 2018 & 2023
- Figure 55: France: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 56: United Kingdom: Hybrid Power Solutions Market: Sales Value (in Million US$), 2018 & 2023
- Figure 57: United Kingdom: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 58: Italy: Hybrid Power Solutions Market: Sales Value (in Million US$), 2018 & 2023
- Figure 59: Italy: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 60: Spain: Hybrid Power Solutions Market: Sales Value (in Million US$), 2018 & 2023
- Figure 61: Spain: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 62: Russia: Hybrid Power Solutions Market: Sales Value (in Million US$), 2018 & 2023
- Figure 63: Russia: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 64: Others: Hybrid Power Solutions Market: Sales Value (in Million US$), 2018 & 2023
- Figure 65: Others: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 66: Latin America: Hybrid Power Solutions Market: Sales Value (in Million US$), 2018 & 2023
- Figure 67: Latin America: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 68: Brazil: Hybrid Power Solutions Market: Sales Value (in Million US$), 2018 & 2023
- Figure 69: Brazil: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 70: Mexico: Hybrid Power Solutions Market: Sales Value (in Million US$), 2018 & 2023
- Figure 71: Mexico: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 72: Others: Hybrid Power Solutions Market: Sales Value (in Million US$), 2018 & 2023
- Figure 73: Others: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 74: Middle East and Africa: Hybrid Power Solutions Market: Sales Value (in Million US$), 2018 & 2023
- Figure 75: Middle East and Africa: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 76: Middle East and Africa: Hybrid Power Solutions Market: Breakup by Country (in %), 2023
- Figure 77: Global: Hybrid Power Solutions Industry: SWOT Analysis
- Figure 78: Global: Hybrid Power Solutions Industry: Value Chain Analysis
- Figure 79: Global: Hybrid Power Solutions Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Hybrid Power Solutions Market: Key Industry Highlights, 2023 and 2032
- Table 2: Global: Hybrid Power Solutions Market Forecast: Breakup by System Type (in Million US$), 2024-2032
- Table 3: Global: Hybrid Power Solutions Market Forecast: Breakup by Power Rating (in Million US$), 2024-2032
- Table 4: Global: Hybrid Power Solutions Market Forecast: Breakup by End User (in Million US$), 2024-2032
- Table 5: Global: Hybrid Power Solutions Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 6: Global: Hybrid Power Solutions Market: Competitive Structure
- Table 7: Global: Hybrid Power Solutions Market: Key Players
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