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Global Hybrid Power Systems Market 2016-2020

About Hybrid Renewable Energy System

A hybrid renewable energy system is a combination of more than one power source, where one is a renewable source, and the other is a conventional source of power. Some of these sources include solar PV, wind energy systems, fuel cells, and energy storage systems. The hybrid system harnesses the renewable sources that are freely available to generate electricity combined with a diesel generator. Thus, it reduces the fuel cost and the emissions from diesel power generation. The hybrid system can also be combined with other technologies such as battery storage to improve its effectiveness.

Technavio’s analysts forecast the global hybrid power systems market to grow at a CAGR of 5.87% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global hybrid power systems market for 2016-2020. The report also presents the vendor landscape and a corresponding detailed analysis of the top five vendors operating in the market.The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Hybrid Power Systems Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Emerson
  • Heliocentris
  • Shanghai Ghrepower
  • Siemens
  • SMA
Other prominent vendors
  • AEG Power Solutions
  • Alpha Power
  • Danvest
  • Electro Power Systems
  • Elgris Power
  • Eltek Power
  • KLiUX Energies
  • ReGen Powertech
  • Repowering Solutions
  • Schneider Electric
  • SFC Energy
  • Urban Green Energy
  • WindStream Technologies
Market driver
  • Increasing need for electrification
  • For a full, detailed list, view our report
Market challenge
  • High cost of implementation
  • For a full, detailed list, view our report
Market trend
  • Increasing deployment of microgrids
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Hybrid Power Systems Market 2016-2020

Technavio recognizes the following companies as the key players in the global hybrid power systems market: Emerson, Heliocentris, Shanghai Ghrepower Green Energy, Siemens, and SMA.

Other Prominent Vendors in the market are: AEG Power Solutions, Alpha Power, Danvest, Electro Power Systems, Elgris Power, Eltek Power, KLiUX Energies, ReGen Powertech, Repowering Solutions, Schneider Electric, SFC Energy, Urban Green Energy, and WindStream Technologies.

Commenting on the report, an analyst from Technavio’s team said: “Increasing deployment of microgrids will be a key trend for market growth. A microgrid is a composition of multiple energy generation sources such as solar, wind, biomass, geothermal and fossil fuel generators that are connected to the grid as a single point of load. It may function either as a hybrid or independently to supply power to a local community, university or a military base. Microgrids usually have energy storage systems to address the intermittent nature of renewable power, and the entire network is managed using an energy management system.“

According to the report, one of the key drivers for market growth will be the increasing need for electrification for economic growth. Electricity consumption is proportional to the economic development of a country; although it is a complex relationship, electricity is a pre-requisite for economic growth, driving infrastructure and social development. However, a majority of people in developing countries, especially in rural areas, lack access to grid power, which indirectly affects economic growth.

Further, the report states that the distributed way of power generation will be a challenge for the market. Distributed generation refers to small-scale power generation through the use of generators or renewables at the point of consumption. This technology is gaining popularity due to the reduction it offers in the cost of energy systems such as solar PVs, and wind turbines. Besides, this trend is receiving support from various governments due to its economic and lower-emission advantages.

Companies Mentioned

Emerson, Heliocentris, Shanghai Ghrepower Green Energy, Siemens, SMA, AEG Power Solutions, Alpha Power, Danvest, Electro Power Systems, Elgris Power, Eltek Power, KLiUX Energies, ReGen Powertech, Repowering Solutions, Schneider Electric, SFC Energy, Urban Green Energy, WindStream Technologies.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
      • Table Key countries in each region
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Market overview
    • Market size and forecast
      • Table Global hybrid power systems market 2015-2020 ($ billions)
      • Table Wind and solar peak power generation
      • Table Hybrid power systems value proposition
      • Table Geographical spread of population without electricity
      • Table Electricity demand CAGR 2012-2035
      • Table High-potential countries for renewable-based distributed generation and off-grid technologies
      • Table Services provided by energy storage
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-users
    • Global hybrid power systems market by end-users 2015
      • Table Global hybrid power systems market by end-users 2015
    • Global hybrid power systems market by end-users 2020
      • Table Global hybrid power systems market by end-users 2020
    • Global hybrid power systems market by end-users 2015-2020
      • Table Global hybrid power systems market by end-users 2015-2020
    • Global hybrid power systems market in non-residential sector
      • Table Global hybrid power systems market in non-residential sector ($ billions)
    • Global hybrid power systems market in residential sector
      • Table Global hybrid power systems market in residential sector ($ billions)
      • Table Hybrid applications - present and future
  • Market segmentation by technology
    • Global hybrid power systems market by technology 2015-2020
      • Table Global hybrid power systems market by technology type 2015-2020
    • Global hybrid power systems market by solar-diesel technology
      • Table Global hybrid power systems market by solar-diesel technology ($ billions)
      • Table Global hybrid power systems market by wind-solar-diesel technology ($ billions)
    • Global hybrid power systems market by wind-diesel technology
      • Table Global hybrid power systems market by wind-diesel technology ($ billions)
  • Geographical segmentation
    • Global hybrid power systems market by geography 2015
      • Table Global hybrid power systems market by geography 2015
    • Global hybrid power systems market by geography 2020
      • Table Global hybrid power systems market by geography 2020
    • Global hybrid power systems market by geography 2015-2020
      • Table Global hybrid power systems market by geography 2015-2020
    • Hybrid power systems market in APAC
      • Table Hybrid power systems market in APAC ($ billions)
    • Hybrid power systems market in EMEA
      • Table Hybrid power systems market in EMEA ($ billions)
      • Table Suitability classes of renewable technology (PV, CSP, wind)
      • Table Areas related to different suitability classes for solar PV in Africa
      • Table Areas related to different suitability class for wind power in Africa
    • Hybrid power systems market in Americas
      • Table Hybrid power systems market in the Americas ($ billions)
  • Market drivers
    • Increasing need for electrification
      • Table Global electrification rate
      • Table Bonaire hybrid system
    • Need for alternate power sources
      • Table Energy sources and their emissions
      • Table Timeline of PV programs introduced by PLN in Indonesia
    • Growth in demand from telecom sector
      • Table Global mobile cellular subscriptions per 100 people 2010-2014
      • Table Estimated global telecom tower installations
      • Table Break-up on telecom tower CAPEX and OPEX
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • High cost of implementation
      • Table Comparative cost of different power systems to provide power to one village
    • Challenges to distributed power generation
      • Table Benefits of distributed generation
      • Table Commonly used distributed energy resources
      • Table Net summer capacity for estimated distributed solar PV capacity in US 2014-2015
      • Table Company and exit fees: Las Vegas
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Increasing deployment of microgrids
      • Table Global microgrid installed capacity 2015-2020 (GW)
    • Rise in renewable energy investments
      • Table Levelized cost of electricity (LCOE) ($/MWh)
      • Table Renewable energy investment in US, China, and worldwide 2011-2015 ($ billions)
    • Reduction in energy storage system cost
      • Table Typical PV penetration by system type
  • Vendor landscape
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • Emerson
      • Table Emerson: Product portfolio
    • Heliocentris
      • Table Heliocentris: Business segmentation by revenue 2015
      • Table Heliocentris: Geographical segmentation by revenue 2015
      • Table Heliocentris: Key solutions
    • Shanghai Ghrepower Green Energy
      • Table Shanghai Ghrepower: Product portfolio
    • Siemens
      • Table Siemens: Business segmentation by revenue 2015
      • Table Siemens: Product portfolio
    • SMA
      • Table SMA: Business segmentation
      • Table Business segmentation by revenue 2015
      • Table Geographical segmentation by revenue 2015
      • Table SMA: Product portfolio
  • Appendix
    • List of abbreviations
  • Explore Technavio

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