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Published Date: 2016-07-18Number of Pages: 120

Hybrid Power Systems Market (Power Systems Type - Wind-Solar-Diesel-Hybrid, PV-Diesel-Hybrid; End-Use - Residential, Rural Facility Electrification) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

Hybrid Power Systems Market: Snapshot

The technology-driven hybrid power systems market is characterized by high initial investments and low switching costs. The abundant availability of component manufacturers as well as numerous government incentives have fueled the demand for and adoption of hybrid power systems across developing economies. The lack of grid connectivity in remote and rural areas and its sheer unreliability has boosted the installation of these power systems in recent years.

The global hybrid power systems is composed of a handful of major players who have already established a strong foothold in the market thanks to their increased focus on innovation and technology. Fueled by the combined efforts of these companies, the hybrid power systems market is expected to develop at a CAGR of 6.1% between 2016 and 2024, with its valuation increasing from US$411.79 mn in 2015 to US$703.55 mn by 2024.

Wind-solar-diesel Hybrid Power Systems to Maintain Lead through 2024

Hybrid power systems combine renewable energy sources such as wind and solar and energy produced by conventional means such as diesel generators. By type, hybrid power systems include wind-solar-diesel hybrid, PV-diesel hybrid, and others such as wind-hydro-diesel hybrid, solar thermal, and hybrid-solar biomass. In 2015, wind-solar-diesel hybrid power systems dominated the overall market and although this segment is predicted to lose a slight share in the market by the end of the forecast period, it will retain its dominance over other segments. Over the past few years, wind-solar-diesel hybrid systems for rural electrification have been enormously developed by various stakeholders across developing countries such as Indonesia, India, China, and South Africa.

PV-diesel hybrid systems have also been attracting significant funding from various agencies of late.

hybrid-power-systems-market

 

Government Mandates on Rural Electrification Gives Africa Market a Boost

The global market for hybrid power systems has been geographically segmented into North America, South and Central America, Asia Pacific, the Middle East and Africa, and Europe. Asia Pacific held the largest share in the global in 2015 and is projected to continue its dominance throughout the forecast period. Players in Asia Pacific can avoid transmission costs by setting up hybrid power systems as standalone mini-grids. The integration of renewable energy production with the electricity mix also reduces the cost of transporting fuel to remote areas in the region. Japan is the leading contributor in the APAC hybrid power systems market, with the surge in utility-scale and commercial projects expected to drive demand in the coming years. Over the past few years, the country has witnessed a rapid increase in the number of companies registering to sell retail power. This has further driven the hybrid power systems market in Japan.

The Middle East and Africa region is the second largest market for hybrid power systems, fueled mainly by the rapid progress in South Africa. The mandatory implementation of the national policy on rural electrification across national electricity companies, regulatory agencies and commissions, rural electrification funds, and rural electrification agencies across Africa has served as a major driving force. In addition to this, the World Bank and the Asian Development Bank (ADB) in Africa fund various hybrid power projects for the implementation of PV arrays in existing diesel power plants.

1. Preface
     1.1. Report Description
     1.2. Market Segmentation
     1.3. Research Scope
     1.4. Research Methodology

2. Executive Summary
     2.1. Snapshot
     2.2. Overview

3. Industry Analysis
     3.1. Introduction
     3.2. Overview
     3.3. Value Chain Analysis – Snapshot
     3.4. Value Chain Analysis – Overview
     3.5. Market Dynamics – Overview
           3.5.1. Driver 1 - Hybrid power systems are critical for reducing carbon footprints globally
           3.5.2. Driver 2 - High power source reliability offered by wind-solar-diesel combination
           3.5.3. Restraint 1 - High initial investments and installation costs
           3.5.4. Opportunity 1 - Lack of grid connectivity in remote and rural areas driving hybrid power systems market
     3.6. Porter’s Five Forces Analysis – Overview 
           3.6.1. Porter’s Five Forces Analysis – Bargaining Power of Suppliers
           3.6.2. Porter’s Five Forces Analysis – Bargaining Power Of Buyers
           3.6.3. Porter’s Five Forces Analysis – Threat Of Substitutes
           3.6.4. Porter’s Five Forces Analysis – Threat Of New Entrants
           3.6.5. Porter’s Five Forces Analysis – Degree Of Competition
     3.7. Market Attractiveness Analysis

4. Global Hybrid Power Systems Market – Type, by Revenue, 2014 – 2024 (US$ Mn) 
     4.1. Introduction
     4.2. Overview
     4.3. Wind-Solar-Diesel-Hybrid
     4.4. PV-Diesel-Hybrid
     4.5. Others

5. Global Hybrid Power Systems Market – End-Use, by Revenue, 2014 – 2024 (US$ Mn) 
     5.1. Introduction
     5.2. Overview
     5.3. Residential
     5.4. Rural Facility Electrification
     5.5. Others

6. Global Hybrid Power Systems Market – Regional Analysis by Revenue, 2014 – 2024 (US$ Mn)
     6.1. Regional Overview
     6.2. Hybrid Power Systems Market - North America
     6.3. North America - Overview
           6.3.1. U.S. Hybrid power systems Market, by Revenue (US$ Mn), 2014–2024
                   6.3.1.1. Type Segment
                   6.3.1.2. End-use Segment
           6.3.2. Canada Hybrid power systems Market, by Revenue (US$ Mn), 2014–2024
                   6.3.2.1. Type Segment
                   6.3.2.2. End-use Segment
           6.3.3. Mexico Hybrid power systems Market, by Revenue (US$ Mn), 2014–2024
                   6.3.3.1. Type Segment
                   6.3.3.2. End-use Segment
     6.4. Hybrid Power Systems Market - Europe
     6.5. Europe - Overview
           6.5.1. Turkey Hybrid power systems Market, by Revenue (US$ Mn), 2014–2024
                   6.5.1.1. Type Segment
                   6.5.1.2. End-use Segment
           6.5.2. Kazakhstan Hybrid power systems Market, by Revenue (US$ Mn), 2014–2024
                   6.5.2.1. Type Segment
                   6.5.2.2. End-use Segment
           6.5.3. Russia Hybrid power systems Market, by Revenue (US$ Mn), 2014–2024
                   6.5.3.1. Type Segment
                   6.5.3.2. End-use Segment
           6.5.4. Rest of Europe Hybrid power systems Market, by Revenue (US$ Mn), 2014–2024
                   6.5.4.1. Type Segment
                   6.5.4.2. End-use Segment
     6.6. Hybrid Power Systems Market - Asia Pacific
     6.7. Asia Pacific - Overview
           6.7.1. China Hybrid power systems Market, by Revenue (US$ Mn), 2014–2024
                   6.7.1.1. Type Segment
                   6.7.1.2. End-use Segment
           6.7.2. Japan Hybrid power systems Market, by Revenue (US$ Mn), 2014–2024
                   6.7.2.1. Type Segment
                   6.7.2.2. End-use Segment
           6.7.3. Australia Hybrid power systems Market, by Revenue (US$ Mn), 2014–2024
                   6.7.3.1. Type Segment
                   6.7.3.2. End-use Segment
           6.7.4. Indonesia Hybrid power systems Market, by Revenue (US$ Mn), 2014–2024
                   6.7.4.1. Type Segment
                   6.7.4.2. End-use Segment
           6.7.5. Rest of Asia Pacific Hybrid power systems Market, by Revenue (US$ Mn), 2014–2024
                   6.7.5.1. Type Segment
                   6.7.5.2. End-use Segment
     6.8. Hybrid power systems Market - Middle East and Africa
     6.9. Middle East and Africa – Overview
           6.9.1. South Africa Hybrid power systems Market, by Revenue (US$ Mn), 2014–2024
                   6.9.1.1. Type Segment
                   6.9.1.2. End-use Segment
           6.9.2. Tanzania Hybrid power systems Market, by Revenue (US$ Mn), 2014–2024
                   6.9.2.1. Type Segment
                   6.9.2.2. End-use Segment
           6.9.3. Egypt Hybrid power systems Market, by Revenue (US$ Mn), 2014–2024
                   6.9.3.1. Type Segment
                   6.9.3.2. End-use Segment
           6.9.4. UAE Hybrid power systems Market, by Revenue (US$ Mn), 2014–2024
                   6.9.4.1. Type Segment
                   6.9.4.2. End-use Segment
           6.9.5. Rest of Middle East and Africa Hybrid power systems Market, by Revenue (US$ Mn), 2014–2024
                   6.9.5.1. Type Segment
                   6.9.5.2. End-use Segment
     6.10. Hybrid power systems Market - South and Central America
     6.11. South and Central America – Overview
           6.11.1. Brazil Hybrid power systems Market, by Revenue (US$ Mn), 2014–2024
                   6.11.1.1. Type Segment
                   6.11.1.2. End-use Segment
           6.11.2. Chile Hybrid power systems Market, by Revenue (US$ Mn), 2014–2024
                   6.11.2.1. Type Segment
                   6.11.2.2. End-use Segment
           6.11.3. Rest of SCA Hybrid power systems Market, by Revenue (US$ Mn), 2014–2024
                   6.11.3.1. Type Segment
                   6.11.3.2. End-use Segment

7. Company Profiles
     7.1. Bergey Wind Power Co.
           7.1.1. Company Overview
           7.1.2. Financial Overview
           7.1.3. Business Strategy
           7.1.4. Recent Developments
     7.2. BORG Inc.
           7.2.1. Company Overview
           7.2.2. Financial Overview
           7.2.3. Business Strategy
           7.2.4. Recent Developments
     7.3. Guangzhou HY Energy Technology Limited Corp.
           7.3.1. Company Overview
           7.3.2. Financial Overview
           7.3.3. Business Strategy
           7.3.4. Recent Developments
     7.4. Kestrel Renewable Energy
           7.4.1. Company Overview
           7.4.2. Financial Overview
           7.4.3. Business Strategy
           7.4.4. Recent Developments
     7.5. KYOCERA Corporation
           7.5.1. Company Overview
           7.5.2. Financial Overview
           7.5.3. Business Strategy
           7.5.4. Recent Developments
     7.6. Panasonic Corporation
           7.6.1. Company Overview
           7.6.2. Financial Overview
           7.6.3. Business Strategy
           7.6.4. Recent Developments
     7.7. Schneider Electric
           7.7.1. Company Overview
           7.7.2. Financial Overview
           7.7.3. Business Strategy
           7.7.4. Recent Developments
     7.8. Sharp Electronics
           7.8.1. Company Overview
           7.8.2. Financial Overview
           7.8.3. Business Strategy
           7.8.4. Recent Developments
     7.9. Siemens AG
           7.9.1. Company Overview
           7.9.2. Financial Overview
           7.9.3. Business Strategy
           7.9.4. Recent Developments
     7.10. Suzlon Group
           7.10.1. Company Overview
           7.10.2. Financial Overview
           7.10.3. Business Strategy
           7.10.4. Recent Developments

List of Figures

Figure 1. Global Hybrid power Systems Market, Estimates and Forecast, by Revenue, 2014–2024 (US$ Mn)
Figure 2. Global Hybrid power Systems Market, Global Market Share
Figure 3. Global Hybrid power Systems Market, Company Market Share (%) (2015)
Figure 4. Market Attractiveness, Hybrid power Systems Market
Figure 5. Global Hybrid power Systems, Market Share by Type Segment, 2015
Figure 6. Global Hybrid power Systems, Market Share by Type Segment, 2024
Figure 7. Global Hybrid power Systems Market, Type Segment, By Revenue, 2014–2024 (US$ Mn)
Figure 8. Global Hybrid power Systems Market, Wind-Solar-Diesel-Hybrid, By Revenue, 2014–2024  (US$ Mn)
Figure 9. Global Hybrid power Systems Market, PV-Diesel-Hybrid, By Revenue, 2014–2024  (US$ Mn)
Figure 10. Global Hybrid power Systems Market, Others, By Revenue, 2014–2024  (US$ Mn)
Figure 11. Global Hybrid power Systems Market, End-use Segment, By Revenue, 2014–2024 (US$ Mn)
Figure 12. Global Hybrid power Systems Market, Residential, By Revenue, 2014–2024  (US$ Mn)
Figure 13. Global Hybrid power Systems Market, Rural Facility Electrification, By Revenue, 2014–2024  (US$ Mn)
Figure 14. Global Hybrid power Systems Market, Others, By Revenue, 2014–2024  (US$ Mn)
Figure 15. Global Hybrid power Systems Market, By Region, 2014 and 2024
Figure 16. North America Hybrid power Systems Market Share, by Country, 2015 and 2024
Figure 17. North America Hybrid power Systems Market, by Revenue, 2014–2024 (US$ Mn)
Figure 18. U.S. Hybrid power Systems Market, by Revenue, 2014–2024 (US$ Mn)
Figure 19. U.S. Hybrid power Systems Market, by Type, 2014–2024 (US$ Mn)
Figure 20. U.S. Hybrid power Systems Market, by End-use, 2014–2024 (US$ Mn)
Figure 21. Canada Hybrid power Systems Market, by Revenue, 2014–2024 (US$ Mn)
Figure 22. Canada Hybrid power Systems Market, by Type, 2014–2024 (US$ Mn)
Figure 23. Canada Hybrid power Systems Market, by End-use, 2014–2024 (US$ Mn)
Figure 24. Mexico Hybrid power Systems Market, by Revenue, 2014–2024 (US$ Mn)
Figure 25. Mexico Hybrid power Systems Market, by Type, 2014–2024 (US$ Mn)
Figure 26. Mexico Hybrid power Systems Market, by End-use, 2014–2024 (US$ Mn)
Figure 27. Europe Hybrid power Systems Market, By Country, 2014 and 2024
Figure 28. Europe Hybrid power Systems Market, by Revenue, 2014–2024 (US$ Mn)
Figure 29. Turkey Hybrid power Systems Market, by Revenue, 2014–2024 (US$ Mn)
Figure 30. Turkey Hybrid power Systems Market, by Type, 2014–2024 (US$ Mn)
Figure 31. Turkey Hybrid power Systems Market, by End-use, 2014–2024 (US$ Mn)
Figure 32. Kazakhstan Hybrid power Systems Market, by Revenue, 2014–2024 (US$ Mn)
Figure 33. Kazakhstan. Hybrid power Systems Market, by Type, 2014–2024 (US$ Mn)
Figure 34. Kazakhstan Hybrid power Systems Market, by End-use, 2014–2024 (US$ Mn)
Figure 35. Russia Hybrid power Systems Market, by Revenue, 2014–2024 (US$ Mn)
Figure 36. Russia Hybrid power Systems Market, by Type, 2014–2024 (US$ Mn)
Figure 37. Russia Hybrid power Systems Market, by End-use, 2014–2024 (US$ Mn)
Figure 38. Rest of Europe Hybrid power Systems Market, by Type, 2014–2024 (US$ Mn)
Figure 39. Rest of Europe Hybrid power Systems Market, by Type, 2014–2024 (US$ Mn)
Figure 40. Rest of Europe Hybrid power Systems Market, by End-use, 2014–2024 (US$ Mn)
Figure 41. Asia Pacific Hybrid power Systems Market, By Country, 2014 and 2024
Figure 42. Asia Pacific Hybrid power Systems Market, by Revenue, 2014–2024 (US$ Mn)
Figure 43. China Hybrid power Systems Market, by Revenue, 2014–2024 (US$ Mn)
Figure 44. China Hybrid power Systems Market, by Type, 2014–2024 (US$ Mn)
Figure 45. China Hybrid power Systems Market, by End-use, 2014–2024 (US$ Mn)
Figure 46. Japan Hybrid power Systems Market, by Revenue, 2014–2024 (US$ Mn)
Figure 47. Japan Hybrid power Systems Market, by Type, 2014–2024 (US$ Mn)
Figure 48. Japan Hybrid power Systems Market, by End-use, 2014–2024 (US$ Mn)
Figure 49. Australia Hybrid power Systems Market, by Revenue, 2013–2024 (US$ Mn)
Figure 50. Australia Hybrid power Systems Market, by Type, 2014–2024 (US$ Mn)
Figure 51. Australia Hybrid power Systems Market, by End-use, 2014–2024 (US$ Mn)
Figure 52. Indonesia Hybrid power Systems Market, by Revenue, 2014–2024 (US$ Mn)
Figure 53. Indonesia Hybrid power Systems Market, by Type, 2014–2024 (US$ Mn)
Figure 54. Indonesia Hybrid power Systems Market, by End-use, 2014–2024 (US$ Mn)
Figure 55. Rest of Asia Pacific Hybrid power Systems Market, by Revenue, 2014–2024 (US$ Mn)
Figure 56. Rest of Asia Pacific Hybrid power Systems Market, by Type, 2014–2024 (US$ Mn)
Figure 57. Rest of Asia Pacific Hybrid power Systems Market, by End-use, 2014–2024 (US$ Mn)
Figure 58. Middle East and Africa Hybrid power Systems Market, by Revenue, 2014–2024 (US$ Mn)
Figure 59. Middle East and Africa Hybrid power Systems Market, by Revenue, 2014–2024 (US$ Mn)
Figure 60. South Africa Hybrid power Systems Market, by Revenue, 2014–2024 (US$ Mn)
Figure 61. South Africa Hybrid power Systems Market, by Type, 2014–2024 (US$ Mn)
Figure 62. South Africa Hybrid power Systems Market, by End-use, 2014–2024 (US$ Mn)
Figure 63. Tanzania Hybrid power Systems Market, by Revenue, 2014–2024 (US$ Mn)
Figure 64. Tanzania Hybrid power Systems Market, by Type, 2014–2024 (US$ Mn)
Figure 65. Tanzania Hybrid power Systems Market, by End-use, 2014–2024 (US$ Mn)
Figure 66. Egypt Hybrid power Systems Market, by Revenue, 2014–2024 (US$ Mn)
Figure 67. Egypt Hybrid power Systems Market, by Type, 2014–2024 (US$ Mn)
Figure 68. Egypt Hybrid power Systems Market, by End-use, 2014–2024 (US$ Mn)
Figure 69. UAE Hybrid power Systems Market, by Revenue, 2014–2024 (US$ Mn)
Figure 70. UAE Hybrid power Systems Market, by Type, 2014–2024 (US$ Mn)
Figure 71. UAE Hybrid power Systems Market, by End-use, 2014–2024 (US$ Mn)
Figure 72. Rest of Middle East and Africa Hybrid power Systems Market, by Revenue, 2014–2024 (US$ Mn)
Figure 73. Rest of Middle East and Africa Hybrid power Systems Market, by Type, 2014–2024 (US$ Mn)
Figure 74. Rest of Middle East and Africa Hybrid power Systems Market, by End-use, 2014–2024 (US$ Mn)
Figure 75. South and Central America Hybrid power Systems Market, by Revenue, 2014–2024 (US$ Mn)
Figure 76. South and Central America Hybrid power Systems Market, by Revenue, 2014–2024 (US$ Mn)
Figure 77. Brazil Hybrid power Systems Market, by Revenue, 2014–2024 (US$ Mn)
Figure 78. Brazil Hybrid power Systems Market, by Type, 2014–2024 (US$ Mn)
Figure 79. Brazil Hybrid power Systems Market, by End-use, 2014–2024 (US$ Mn)
Figure 80. Chile Hybrid power Systems Market, by Revenue, 2014–2024 (US$ Mn)
Figure 81. Chile Hybrid power Systems Market, by Type, 2014–2024 (US$ Mn)
Figure 82. Chile Hybrid power Systems Market, by End-use, 2014–2024 (US$ Mn)
Figure 83. Rest of SCA Hybrid power Systems Market, by Revenue, 2014–2024 (US$ Mn)
Figure 84. Rest of SCA Hybrid power Systems Market, by Type, 2014–2024 (US$ Mn)
Figure 85. Rest of SCA Hybrid power Systems Market, by End-use, 2014–2024 (US$ Mn)

List of Tables

Table 1.  Global Hybrid Power Systems Market: Snapshot

 

The research study is designed to analyze the global hybrid power systems market. The market is calculated in terms of revenue (US$ Mn) based on the annual sales of hybrid power systems. The market for hybrid power systems has been segmented on the basis of type, end-use, and country/region. The global hybrid power systems market, based on type, has been segmented into wind-solar-diesel-hybrid, PV-diesel-hybrid, and others. On the basis of end-use, the hybrid power systems market has been segmented into residential, rural facility electrification, and others.

The regional segments included in this study are North America, Europe, Asia Pacific, Middle East and Africa (MEA), and South and Central America (SCA). These regional segments are further divided into country-wise segments. The report provides a detailed growth forecast for the 2016–2024 period, considering 2015 as the baseline year. Projections have been provided for revenue (US$ Mn) through the annual sales of hybrid power systems.

The report includes the key market dynamics affecting the demand for hybrid power systems. As a part of our market dynamics analysis, we have analyzed the market drivers, market restraints, and market opportunities. A comprehensive competitive landscape, which includes company market share analysis and market attractiveness analysis, has also been provided in this report. The report also provides a detailed industry analysis of the global hybrid power systems market with the help of Porter’s Five Forces model. The Porter’s Five Forces analysis aids in understanding the five major forces that affect the industry structure and profitability of the global hybrid power systems market. The forces analyzed are the bargaining power of buyers, bargaining power of suppliers, threat of new entrants, threat of substitutes, and degree of competition.

The study also includes the value chain of the global hybrid power systems market which provides a glimpse of key suppliers, manufacturers, and distribution channel as well as interaction of suppliers and buyers with end-users. The company market share analysis has been done considering the revenue and global penetration of key market players in the hybrid power systems industry. The market attractiveness involves benchmarking and ranking each technology and region on the basis of numerous parameters. The parameters selected are likely to have a pronounced effect on the demand for each technology in the current scenario as well as in the near future.

Key participants in the global hybrid power systems market include Bergey WindPower Co., BORG Inc., Guangzhou HY Energy Technology Limited Corp., Kestrel Renewable Energy, KYOCERA Corporation, Panasonic Corporation, Schneider Electric SE, Sharp Electronics, Siemens AG, and Suzlon Group. This report provides an overview of these companies, followed by their financial revenues, business strategies, technical information, and recent developments.

  • Global Hybrid Power Systems Market: Type Analysis
    • Wind-Solar-Diesel-Hybrid
    • PV-Diesel-Hybrid
    • Others
  • Global Hybrid Power Systems Market: End-Use Analysis
    • Residential
    • Rural Facility Electrification
    • Others
  • Global Hybrid Power Systems Market: Regional Segment Analysis
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Turkey
      • Kazakhstan
      • Russia
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • Australia
      • Indonesia
      • Rest of Asia Pacific
    • Middle East and Africa (MEA)
      • South Africa
      • Tanzania
      • Egypt
      • UAE
      • Rest of MEA
    • South and Central America (SCA)
      • Brazil
      • Chile
      • Rest of SCA


 
 
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