The global hybrid power solutions market is expected to expand to USD 1,302.0 million by 2024, at a CAGR of 9.6% from 2018 to 2024. Global concerns regarding climate change on account of augmenting carbon emissions is expected to positively influence the market growth. This has not only significantly reduced the dependence on conventional sources of energy but also encouraged the use of renewable energy across the world.

Transition towards environment friendly sources of energy with low operational as well as maintenance costs has led to market expansion. Advanced renewable technologies in order to reduce the carbon emissions are already in place in developed nations. Thus, the focus has been shifting towards developing nations due to a rise in demand for cheap, regular and reliable energy in these regions.

Additionally, various adverse effects of carbon emissions such as high temperature, high risk of flooding, heat waves and rising coastal erosion rates have further increased the inclination towards hybrid power. Moreover, several stringent regulations working towards the reduction of the carbon emissions will further boost the market growth.  However, huge amount has to be spent for the initial installation of hybrid power systems, which may hinder market growth from 2018 to 2024.

Furthermore, hybrid power solutions offer variable as well as flexible power generation combinations which in turn increases the overall power supply and thereby accelerating the growth over the coming years. Hybrid power plants come as a source of power as well as energy security to businesses operating in remote areas. In addition, high end research is underway so as to enable effective power generation while incurring minimum cost.

Additionally, market participants are investing profoundly in innovation and technological advancements for hybrid power generation in order to overcome market hindrances. The industry is projected to witness intense competition, as key market players are focusing on customized offerings due to the presence of an extensive energy portfolio. Also, high initial set up cost along with the presence of many established players may restrain the entry of new players in the market.

Some of the key companies operating in the market include SMA Solar Technology AG; Siemens AG; GE Power; PowerOasis Ltd.; Heliocentris Energy Solutions AG; Danvest Energy A/S; PFISTERER Holding AG; Vergnet; ZTE Corporation; Electro Power Systems S.A. among others.

CHAPTER 1. Market Scope and Methodology

1.1. Research methodology

1.2. Research scope & assumptions

1.3. List of data sources

CHAPTER 2. Executive Summary

2.1. Hybrid Power Solutions Market – Market snapshot

CHAPTER 3. Industry Analysis

3.1. Market definition

3.2. Market segmentation

3.3. Key findings of the global hybrid power solutions market

3.4. Value chain analysis

3.5. Market opportunities & trends

3.6. Market dynamics

3.6.1. Market driver analysis

  3.6.1.1. Low operational as well as maintenance cost

  3.6.1.2. Reduced carbon emissions

  3.6.1.3. Rising hybrid power generation in off-grid sites

3.6.2. Market restraint analysis

   3.6.2.1. Huge capital investments

3.6.3. Industry Analysis-Porters five forces of Analysis

CHAPTER 4. Competitive Outlook

4.1. Competitive Analysis

4.2. Competitive Factors

4.3. Strategies Adopted

CHAPTER 5. Global Hybrid Power Solutions Market Size and Forecast (2014 – 2024)

5.1. Global Hybrid Power Solutions Market, By System Type (USD Million)

5.1.1. Solar-Diesel

5.1.2. Wind-Diesel

5.1.3. Solar-Wind-Diesel

5.1.4. Others

5.2. Global Hybrid Power Solutions Market, By Power Rating (USD Million)

5.2.1. Up to 10 kW

5.2.2. 11 kW – 100 kW

5.2.3. Above 100 kW

5.3. Global Hybrid Power Solutions Market, By End-use (USD Million)

5.3.1. Residential

5.3.2. Commercial

5.3.3. Telecommunication

5.3.4. Others

5.4. Global Hybrid Power Solutions Market, By Region (USD Million)

5.4.1. North America

5.4.2. Europe

5.4.3. Asia-Pacific

5.4.4. Central & South America (CSA)

5.4.5. Middle East & Africa (MEA)

CHAPTER 6. Global Hybrid Power Solutions Market Size and Forecast, By Region (2014 – 2024)

6.1. North America Hybrid Power Solutions Market (USD Million)

6.1.1. North America Hybrid Power Solutions Market, By System Type (USD Million)

6.1.2. North America Hybrid Power Solutions Market, By Power Rating (USD Million)

6.1.3. North America Hybrid Power Solutions Market, By End Use (USD Million)

6.1.4. North America Hybrid Power Solutions Market, By Country (USD Million)

   6.1.4.1. U.S. (USD Million)

   6.1.4.2. Rest of North America (USD Million)

6.2. Europe Hybrid Power Solutions Market (USD Million)

6.2.1. Europe Hybrid Power Solutions Market, By System Type (USD Million)

6.2.2. Europe Hybrid Power Solutions Market, By Power Rating (USD Million)

6.2.3. Europe Hybrid Power Solutions Market, By End Use (USD Million)

6.2.4. Europe Hybrid Power Solutions Market, By Country (USD Million)

  6.2.4.1. Germany (USD Million)

  6.2.4.2. U.K (USD Million)

  6.2.4.3. Italy (USD Million)

  6.2.4.4. Rest of Europe (USD Million)

6.3. Asia-Pacific Hybrid Power Solutions Market (USD Million)

6.3.1. Asia-Pacific Hybrid Power Solutions Market, By System Type (USD Million)

6.3.2. Asia-Pacific Hybrid Power Solutions Market, By Power Rating (USD Million)

6.3.3. Asia-Pacific Hybrid Power Solutions Market, By End-use (USD Million)

5.3.3. Asia-Pacific Hybrid Power Solutions Market, By Country (USD Million)

  6.3.3.1. China (USD Million)

  6.3.3.2. Japan (USD Million)

  6.3.3.3. Australia (USD Million)

  6.3.3.4. Rest of Asia-Pacific (USD Million)

6.4. Central & South America (CSA) Hybrid Power Solutions Market (USD Million)

6.4.1. Central & South America (CSA) Hybrid Power Solutions Market, By System Type (USD Million)

6.4.2. Central & South America (CSA) Hybrid Power Solutions Market, By Power Rating (USD Million)

6.4.3. Central & South America (CSA) Hybrid Power Solutions Market, By End-use (USD Million)

6.4.4. Central & South America (CSA) Hybrid Power Solutions Market, By Country (USD Million)

   6.4.4.1. Brazil (USD Million)

   6.4.4.2. Rest of Central & South America (USD Million)

6.5. Middle East & Africa (MEA) Hybrid Power Solutions Market (USD Million)

6.5.1. Middle East & Africa (MEA) Hybrid Power Solutions Market, By System Type (USD Million)

6.5.2. Middle East & Africa (MEA) Hybrid Power Solutions Market, By Power Rating (USD Million)

6.5.3. Middle East & Africa (MEA) Hybrid Power Solutions Market, By End-use (USD Million)

6.5.4. Middle East & Africa (MEA) Hybrid Power Solutions Market, By Country (USD Million)

   6.5.4.1. Saudi Arabia (USD Million)

   6.5.4.2. UAE (USD Million)

   6.5.4.3. Rest of Middle East & Africa (USD Million)

CHAPTER 7. Key Players and Strategic Developments

7.1. SMA Solar Technology AG

7.1.1. Business Overview

7.1.2. Product and Service Offering

7.1.3. Financial Overview

7.1.4. Strategic Developments

7.2. Siemens AG

7.2.1. Business Overview

7.2.2. Product and Service Offering

7.2.3. Financial Overview

7.2.4. Strategic Developments

7.3. GE Power

7.3.1. Business Overview

7.3.2. Product and Service Offering

7.3.3. Financial Overview

7.3.4. Strategic Developments

7.4. PowerOasis Ltd.

7.4.1. Business Overview

7.4.2. Product and Service Offering

7.4.3. Financial Overview

7.4.4. Strategic Developments

7.5. Heliocentris Energy Solutions AG

7.5.1. Business Overview

7.5.2. Product and Service Offering

7.5.3. Financial Overview

7.5.4. Strategic Developments

7.6. Danvest Energy A/S

7.6.1. Business Overview

7.6.2. Product and Service Offering

7.6.3. Financial Overview

7.6.4. Strategic Developments

7.7. PFISTERER Holding AG

7.7.1. Business Overview

7.7.2. Product and Service Offering

7.7.3. Financial Overview

7.7.4. Strategic Developments

7.8. Vergnet

7.8.1. Business Overview

7.8.2. Product and Service Offering

7.8.3. Financial Overview

7.8.4. Strategic Developments

7.9. Electro Power Systems S.A.

7.9.1. Business Overview

7.9.2. Product and Service Offering

7.9.3. Financial Overview

7.9.4. Strategic Developments

7.10. ZTE Corporation

7.10.1. Business Overview

7.10.2. Product and Service Offering

7.10.3. Financial Overview

7.10.4. Strategic Developments

7.11. Huawei Technologies Co., Ltd.

7.11.1. Business Overview

7.11.2. Product and Service Offering

7.11.3. Financial Overview

7.11.4. Strategic Developments

7.12. Alpha Power Solutions

7.12.1. Business Overview

7.12.2. Product and Service Offering

7.12.3. Financial Overview

7.12.4. Strategic Developments

CHAPTER 8. RESEARCH APPROACH

8.1. Initial Data Search

8.2. Secondary Research

8.3. Primary Research

8.4. Scope and Assumptions