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Hybrid Power Systems Market - Global Industry Analysis

Hybrid Power Systems Market by Type (Solar (PV)-Diesel, Wind-Solar-Diesel, and Others), by Power Rating (Up to 10kW, 11kW–100kW, and Above 100kW), by End-User (Residential, Non-Residential, Rural Facility Electrification, and Others) - Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024

Published Date: 26-Jun-2018 Category: Energy & Mining Report Format : PDF Pages: 110 Report Code: ZMR-2599 Status : Published

Global hybrid power systems market expected to reach approximately USD 836.92 million by 2024, growing at a CAGR of around 8.34% between 2018 and 2024. The hybrid power system is defined as the energy system which is designed or fabricated to extract power by using two or more energy sources.

Description

The report covers forecast and analysis for the hybrid power systems market on a global and regional level. The study provides historic data for 2015, 2016, and 2017 along with a forecast from 2018 to 2024 based on revenue (USD Million). The study includes drivers and restraints for the hybrid power systems market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the hybrid power systems market on a global level.

In order to give the users of this report a comprehensive view on the hybrid power systems market, we have included a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the hybrid power systems market has also been included. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness. 

Global Hybrid Power Systems Market

Hybrid power Systems market is segmented based on type, power rating, end user, and region. Type segment included in this market are solar (PV)-diesel, wind-solar-diesel, and others. Power rating segment includes up to 10kW, 11kW–100kW, and above 100 kW. The end-user segment includes residential, non-residential, rural facility electrification, and others. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa with its further bifurcation into major countries including the U.S., France, the UK, Germany, China, India, Japan, and Brazil.

The report covers detailed competitive outlook including company profiles of the key participants operating in the global hybrid power systems market. Key players profiled in this report include Siemens AG, SMA Solar Technology AG, Danvest Energy A/S, Alpha Power Solutions, ZTE Corporation, Heliocentris Energy Solutions AG, Poweroasis Ltd., Flexenclosure AB, Ltd., Pfisterer Holding AG, and Vergnet SA.

The market segments hybrid power systems into:

Global Hybrid Power Systems Market: Type Segment Analysis

  • Solar (PV)-Diesel
  • Wind-Solar-Diesel
  • Others

Global Hybrid Power Systems Market: Power Rating Segment Analysis

  • Up to 10kW
  • 11kW–100kW
  • Above 100kW

Global Hybrid Power Systems Market: End-User Segment Analysis

  • Residential
  • Non-Residential
  • Rural Facility Electrification
  • Others

Global Hybrid Power Systems Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodology
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global Hybrid Power Systems Market, 2015-2024 (USD Million)
    • 2.2. Global Hybrid Power Systems Market: Snapshot
  •  
  • Chapter 3. Hybrid Power Systems - Market Dynamics
    • 3.1. Introduction
    • 3.2. Market Drivers
      • 3.2.1. Global Hybrid Power Systems Market Drivers: Impact Analysis
      • 3.2.2. The ability of hybrid power systems to reduce the cost of power generation by cutting the diesel fuel consumption
      • 3.2.3. Increasing adoption of technological advanced equipments
    • 3.3. Market Restraints
      • 3.3.1. High installation cost and investments
    • 3.4. Opportunities
      • 3.4.1. Adoption of renewable energies
    • 3.5. Porter's Five Forces Analysis
      • 3.5.1. Bargaining Power of Suppliers
      • 3.5.2. Bargaining Power of Buyers
      • 3.5.3. Threat From New Entrants
      • 3.5.4. Threat From New Substitutes
      • 3.5.5. Degree of Competition
    • 3.6. Market Attractiveness Analysis
      • 3.6.1. Market Attractiveness Analysis, by Type Segment
      • 3.6.2. Market Attractiveness Analysis, by Power Rating Segment
      • 3.6.3. Market Attractiveness Analysis, by End-User Segment
      • 3.6.4. Market Attractiveness Analysis, by Regional Segment
  •  
  • Chapter 4. Global Hybrid Power Systems Market - Competitive Landscape
    • 4.1. Company Market Share Analysis (Subject to Data Availability)
      • 4.1.1. Global Hybrid Power Systems Market: Company Market Share, 2017
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions & Mergers
      • 4.2.2. New Product Launch
      • 4.2.3. Agreements, Partnerships, Collaborations and Joint Ventures
      • 4.2.4. Research and Development, Product and Regional Expansion
  •  
  • Chapter 5. Global Hybrid Power Systems Market - Type Segment Analysis
    • 5.1. Global Hybrid Power Systems Market: Type Overview
      • 5.1.1. Global Hybrid Power Systems Market Revenue Share, by Type, 2017 and 2024
    • 5.2. Solar (PV)-Diesel
      • 5.2.1. Global Hybrid Power Systems Market by Solar (PV)-Diesel, 2015-2024 (USD Million)
    • 5.3. Wind-Solar-Diesel
      • 5.3.1. Global Hybrid Power Systems Market by Wind-Solar-Diesel, 2015-2024 (USD Million)
    • 5.4. Others
      • 5.4.1. Global Hybrid Power Systems Market by Other Types, 2015-2024 (USD Million)
  •  
  • Chapter 6. Global Hybrid Power Systems Market - Power Rating Segment Analysis
    • 6.1. Global Hybrid Power Systems Market: Power Rating Overview
      • 6.1.1. Global Hybrid Power Systems Market Revenue Share, by Power Rating, 2017 and 2024
    • 6.2. Up to 10 kW
      • 6.2.1. Global Hybrid Power Systems Market by Up to 10 kW, 2015-2024 (USD Million)
    • 6.3. 11 kW-100 kW
      • 6.3.1. Global Hybrid Power Systems Market by 11 kW-100 kW, 2015-2024 (USD Million)
    • 6.4. Above 100 kW
      • 6.4.1. Global Hybrid Power Systems Market by Above 100 kW, 2015-2024 (USD Million)
  •  
  • Chapter 7. Global Hybrid Power Systems Market - End User Segment Analysis
    • 7.1. Global Hybrid Power Systems Market: End User Overview
      • 7.1.1. Global Hybrid Power Systems Market Revenue Share, by End User, 2017 and 2024
    • 7.2. Residential
      • 7.2.1. Global Hybrid Power Systems Market for Residential, 2015-2024 (USD Million)
    • 7.3. Non-Residential
      • 7.3.1. Global Hybrid Power Systems Market for Non-Residential, 2015-2024 (USD Million)
    • 7.4. Rural Facility Electrification
      • 7.4.1. Global Hybrid Power Systems Market for Rural Facility Electrification, 2015-2024 (USD Million)
    • 7.5. Others
      • 7.5.1. Global Hybrid Power Systems Market for Other End Users, 2015-2024 (USD Million)
  •  
  • Chapter 8. Global Hybrid Power Systems Market - Regional Segment Analysis
    • 8.1. Global Hybrid Power Systems Market: Regional Overview
      • 8.1.1. Global Hybrid Power Systems Market Revenue Share, by Region, 2017 and 2024
    • 8.2. North America
      • 8.2.1. North America Hybrid Power Systems Market, 2015-2024 (USD Million)
      • 8.2.2. North America Hybrid Power Systems Market Revenue, by Type, 2015-2024 (USD Million)
      • 8.2.3. North America Hybrid Power Systems Market Revenue, by Power Rating, 2015-2024 (USD Million)
      • 8.2.4. North America Hybrid Power Systems Market Revenue, by End User, 2015-2024 (USD Million)
      • 8.2.5. U.S.
        • 8.2.5.1. U.S. Hybrid Power Systems Market Revenue, by Type, 2015-2024 (USD Million)
        • 8.2.5.2. U.S. Hybrid Power Systems Market Revenue, by Power Rating, 2015-2024 (USD Million)
        • 8.2.5.3. U.S. Hybrid Power Systems Market Revenue, by End User, 2015-2024 (USD Million)
    • 8.3. Europe
      • 8.3.1. Europe Hybrid Power Systems Market, 2015-2024 (USD Million)
      • 8.3.2. Europe Hybrid Power Systems Market Revenue, by Type, 2015-2024 (USD Million)
      • 8.3.3. Europe Hybrid Power Systems Market Revenue, by Power Rating, 2015-2024 (USD Million)
      • 8.3.4. Europe Hybrid Power Systems Market Revenue, by End User, 2015-2024 (USD Million)
      • 8.3.5. France
        • 8.3.5.1. France Hybrid Power Systems Market Revenue, by Type, 2015-2024 (USD Million)
        • 8.3.5.2. France Hybrid Power Systems Market Revenue, by Power Rating, 2015-2024 (USD Million)
        • 8.3.5.3. France Hybrid Power Systems Market Revenue, by End User, 2015-2024 (USD Million)
      • 8.3.6. UK
        • 8.3.6.1. UK Hybrid Power Systems Market Revenue, by Type, 2015-2024 (USD Million)
        • 8.3.6.2. UK Hybrid Power Systems Market Revenue, by Power Rating, 2015-2024 (USD Million)
        • 8.3.6.3. UK Hybrid Power Systems Market Revenue, by End User, 2015-2024 (USD Million)
      • 8.3.7. Germany
        • 8.3.7.1. Germany Hybrid Power Systems Market Revenue, by Type, 2015-2024 (USD Million)
        • 8.3.7.2. Germany Hybrid Power Systems Market Revenue, by Power Rating, 2015-2024 (USD Million)
        • 8.3.7.3. Germany Hybrid Power Systems Market Revenue, by End User, 2015-2024 (USD Million)
    • 8.4. Asia Pacific
      • 8.4.1. Asia Pacific Hybrid Power Systems Market, 2015-2024 (USD Million)
      • 8.4.2. Asia Pacific Hybrid Power Systems Market Revenue, by Type, 2015-2024 (USD Million)
      • 8.4.3. Asia Pacific Hybrid Power Systems Market Revenue, by Power Rating, 2015-2024 (USD Million)
      • 8.4.4. Asia Pacific Hybrid Power Systems Market Revenue, by End User, 2015-2024 (USD Million)
      • 8.4.5. India
        • 8.4.5.1. India Hybrid Power Systems Market Revenue, by Type, 2015-2024 (USD Million)
        • 8.4.5.2. India Hybrid Power Systems Market Revenue, by Power Rating, 2015-2024 (USD Million)
        • 8.4.5.3. India Hybrid Power Systems Market Revenue, by End User, 2015-2024 (USD Million)
      • 8.4.6. China
        • 8.4.6.1. China Hybrid Power Systems Market Revenue, by Type, 2015-2024 (USD Million)
        • 8.4.6.2. China Hybrid Power Systems Market Revenue, by Power Rating, 2015-2024 (USD Million)
        • 8.4.6.3. China Hybrid Power Systems Market Revenue, by End User, 2015-2024 (USD Million)
      • 8.4.7. Japan
        • 8.4.7.1. Japan Hybrid Power Systems Market Revenue, by Type, 2015-2024 (USD Million)
        • 8.4.7.2. Japan Hybrid Power Systems Market Revenue, by Power Rating, 2015-2024 (USD Million)
        • 8.4.7.3. Japan Hybrid Power Systems Market Revenue, by End User, 2015-2024 (USD Million)
    • 8.5. Latin America
      • 8.5.1. Latin America Hybrid Power Systems Market, 2015-2024 (USD Million)
      • 8.5.2. Latin America Hybrid Power Systems Market Revenue, by Type, 2015-2024 (USD Million)
      • 8.5.3. Latin America Hybrid Power Systems Market Revenue, by Power Rating, 2015-2024 (USD Million)
      • 8.5.4. Latin America Hybrid Power Systems Market Revenue, by End User, 2015-2024 (USD Million)
      • 8.5.5. Brazil
        • 8.5.5.1. Brazil Hybrid Power Systems Market Revenue, by Type, 2015-2024 (USD Million)
        • 8.5.5.2. Brazil Hybrid Power Systems Market Revenue, by Power Rating, 2015-2024 (USD Million)
        • 8.5.5.3. Brazil Hybrid Power Systems Market Revenue, by End User, 2015-2024 (USD Million)
    • 8.6. Middle East and Africa
      • 8.6.1. Middle East and Africa Hybrid Power Systems Market, 2015-2024 (USD Million)
      • 8.6.2. Middle East and Africa Hybrid Power Systems Market Revenue, by Type, 2015-2024 (USD Million)
      • 8.6.3. Middle East and Africa Hybrid Power Systems Market Revenue, by Power Rating, 2015-2024 (USD Million)
      • 8.6.4. Middle East and Africa Hybrid Power Systems Market Revenue, by End User, 2015-2024 (USD Million)
  •  
  • Chapter 9. Company Profile
    • 9.1. Siemens AG
      • 9.1.1. Overview
      • 9.1.2. Financials
      • 9.1.3. Product Portfolio
      • 9.1.4. Business Strategy
      • 9.1.5. Recent development
    • 9.2. SMA Solar Technology AG
      • 9.2.1. Overview
      • 9.2.2. Financials
      • 9.2.3. Product Portfolio
      • 9.2.4. Business Strategy
      • 9.2.5. Recent Development
    • 9.3. Danvest Energy A/S
      • 9.3.1. Overview
      • 9.3.2. Financials
      • 9.3.3. Product Portfolio
      • 9.3.4. Business Strategy
      • 9.3.5. Recent Development
    • 9.4. Alpha Power Solutions
      • 9.4.1. Overview
      • 9.4.2. Financials
      • 9.4.3. Product Portfolio
      • 9.4.4. Business Strategy
      • 9.4.5. Recent Development
    • 9.5. ZTE Corporation
      • 9.5.1. Overview
      • 9.5.2. Financial
      • 9.5.3. Product Portfolio
      • 9.5.4. Business Strategy
      • 9.5.5. Recent Development
    • 9.6. Heliocentris Energy Solutions AG
      • 9.6.1. Overview
      • 9.6.2. Financial
      • 9.6.3. Product portfolio
      • 9.6.4. Business Strategy
      • 9.6.5. Recent Development
    • 9.7. Poweroasis Ltd.
      • 9.7.1. Overview
      • 9.7.2. Financial
      • 9.7.3. Product portfolio
      • 9.7.4. Business Strategy
      • 9.7.5. Recent Development
    • 9.8. Flexenclosure AB, Ltd.
      • 9.8.1. Overview
      • 9.8.2. Financial
      • 9.8.3. Product Portfolio
      • 9.8.4. Business Strategy
      • 9.8.5. Recent Development
    • 9.9. Pfisterer Holding AG
      • 9.9.1. Overview
      • 9.9.2. Financial
      • 9.9.3. Product Portfolio
      • 9.9.4. Business Strategy
      • 9.9.5. Recent Development
    • 9.10. Vergnet SA
      • 9.10.1. Overview
      • 9.10.2. Financial
      • 9.10.3. Product Portfolio
      • 9.10.4. Business Strategy
      • 9.10.5. Recent Development

List of Figures 

1. Market Research Process
2. Market Research Methodology
3. Global Hybrid Power Systems Market, 2015-2024  (USD Million)
4. Porter’s Five forces Analysis: Hybrid Power Systems Market 
5. Global Hybrid Power Systems Market Attractiveness, by Type
6. Global Hybrid Power Systems Market Attractiveness, by Power Rating
7. Global Hybrid Power Systems Market Attractiveness, by End User
8. Global Hybrid Power Systems Market Attractiveness, by Region
9. Global Hybrid Power Systems Market Revenue Share, by Type, 2017 & 2024
10. Global Hybrid Power Systems Market by Solar (PV)-Diesel, 2015-2024  (USD Million)
11.  Global Hybrid Power Systems Market by Wind-Solar-Diesel, 2015-2024  (USD Million)
12.  Global Hybrid Power Systems Market by Other types, 2015-2024  (USD Million)
13.  Global Hybrid Power Systems Market Revenue Share, by Power Rating 2017 & 2024
14.  Global Hybrid Power Systems Market by Up to 10 kW, 2015-2024  (USD Million)
15.  Global Hybrid Power Systems Market by 11 kW–100 kW, 2015-2024  (USD Million)
16.  Global Hybrid Power Systems Market by Above 100 kW, 2015-2024  (USD Million)
17.  Global Hybrid Power Systems Market Revenue Share, by End User 2017 & 2024
18.  Global Hybrid Power Systems Market for Residential, 2015-2024 (USD Million)
19.  Global Hybrid Power Systems Market for Non-Residential, 2015-2024 (USD Million)
20.  Global Hybrid Power Systems Market for Rural Facility Electrification, 2015-2024 (USD Million)
21.  Global Hybrid Power Systems Market for Other End Users, 2015-2024 (USD Million)
22.  Global Hybrid Power Systems Market Revenue Share, by Region, 2017 & 2024
23.  North America Hybrid Power Systems Market, 2015-2024 (USD Million)
24.  Europe Hybrid Power Systems Market, 2015-2024 (USD Million)
25.  Asia Pacific Hybrid Power Systems Market, 2015-2024 (USD Million)
26.  Latin America Hybrid Power Systems Market,2016-2022 (USD Million)
27.  The Middle East & Africa Hybrid Power Systems Market, 2015-2024 (USD Million)


List of Tables 

1. Hybrid Power Systems Market: Market Snapshot      
2. Drivers of Global Hybrid Power Systems Market: Impact Analysis 
3. Restraints of Global Hybrid Power Systems Market: Impact Analysis  
4. North America Hybrid Power Systems Market Revenue, by Type, 2015-2024 (USD Million)
5.  North America Hybrid Power Systems Market Revenue, by Power Rating, 2015-2024 (USD Million)
6. North America Hybrid Power Systems Market Revenue, by End User, 2015-2024 (USD Million)
7.  U.S. Hybrid Power Systems Market Revenue, by Type, 2015-2024  (USD Million)
8.  U.S. Hybrid Power Systems Market Revenue, by Power Rating, 2015-2024  (USD Million)
9.  U.S. Hybrid Power Systems Market Revenue, by End User, 2015-2024 (USD Million)
10.  Europe Hybrid Power Systems Market Revenue, by Type, 2015-2024 (USD Million)
11.  Europe Hybrid Power Systems Market Revenue, by Power Rating, 2015-2024 (USD Million)
12.  Europe Hybrid Power Systems Market Revenue, by End User, 2015-2024 (USD Million)
13.  France Hybrid Power Systems Market Revenue, by Type, 2015-2024 (USD Million)
14.  France Hybrid Power Systems Market Revenue, by Power Rating, 2015-2024 (USD Million)
15.  France Hybrid Power Systems Market Revenue, by End User, 2015-2024 (USD Million)
16.  U.K. Hybrid Power Systems Market Revenue, by Type, 2015-2024 (USD Million)
17.  U.K. Hybrid Power Systems Market Revenue, by Power Rating, 2015-2024 (USD Million)
18.  U.K. Hybrid Power Systems Market Revenue, by End User, 2015-2024 (USD Million)
19.  Germany Hybrid Power Systems Market Revenue, by Type, 2015-2024 (USD Million)
20.  Germany Hybrid Power Systems Market Revenue, by Power Rating, 2015-2024 (USD Million)
21.  Germany Hybrid Power Systems Market Revenue, by End User, 2015-2024,  (USD Million)
22.  Asia Pacific Hybrid Power Systems Market Revenue, by Type, 2015-2024 (USD Million)
23.  Asia Pacific Hybrid Power Systems Market Revenue, by Power Rating, 2015-2024 (USD Million)
24.  Asia Pacific Hybrid Power Systems Market Revenue, by End User, 2015-2024 (USD Million)
25.  India Hybrid Power Systems Market Revenue, by Type, 2015-2024 (USD Million)
26.  India Hybrid Power Systems Market Revenue, by Power Rating, 2015-2024 (USD Million)
27.  India Hybrid Power Systems Market Revenue, by End User, 2015-2024 (USD Million)
28.  China Hybrid Power Systems Market Revenue, by Type, 2015-2024 (USD Million)
29.  China Hybrid Power Systems Market Revenue, by Power Rating, 2015-2024 (USD Million)
30.  China Hybrid Power Systems Market Revenue, by End User, 2015-2024 (USD Million)
31.  Japan Hybrid Power Systems Market Revenue, by Type, 2015-2024 (USD Million)
32.  Japan Hybrid Power Systems Market Revenue, by Power Rating, 2015-2024 (USD Million)
33.  Japan Hybrid Power Systems Market Revenue, by End User, 2015-2024 (USD Million)
34.  Latin America Hybrid Power Systems Market Revenue, by Type, 2015-2024 (USD Million)
35.  Latin America Hybrid Power Systems Market Revenue, by Power Rating, 2015-2024 (USD Million)
36.  Latin America Hybrid Power Systems Market Revenue, by End User, 2015-2024 (USD Million)
37.  Brazil Hybrid Power Systems Market Revenue, by Type, 2015-2024 (USD Million)
38.  Brazil Hybrid Power Systems Market Revenue, by Power Rating, 2015-2024 (USD Million)
39.  Brazil Hybrid Power Systems Market Revenue, by End User, 2015-2024(USD Million)
40.  Middle East & Africa Hybrid Power Systems Market Revenue, by Type, 2015-2024 (USD Million)
41.  Middle East & Africa Hybrid Power Systems Market Revenue, by Power Rating, 2015-2024 (USD Million)
42.  The Middle East & Africa Hybrid Power Systems Market Revenue, by End User, 2015-2024 (USD Million)

Methodology

Free Analysis

Hybrid power systems are developed and designed for the use and generation of electrical power. These systems are large and consist of centralized electricity grid including more than one type of power source. Hybrid power systems are ranging from large island power grids to individual household power supplies. One of the emerging technologies for supplying electric power in remote areas is hybrid power systems that deliver the alternating current of fixed frequency. Hybrid power systems minimize power loss by transforming the AC power to a higher voltage in transferring the power over long distance. A hybrid power system may also consist of additional renewable power sources such as photovoltaic panels, wind turbines, and storage.

The primary driving factor of hybrid power systems market is the ability of these systems to reduce the cost of power generation by cutting the diesel fuel consumption. A hybrid power system is designed to reduce the power generation cost by using natural resources such as river water flow. For example, a hydroelectric plant and the battery system generate power with the help of flowing river water. Increasing adoption of technologically advanced types of equipment such as electric propulsion system in power generation further anticipates driving the growth of global hybrid power systems market. Electric propulsion system optimizes the loading of the prime movers for the gas turbine, diesel engine generators so as to reduce fuel consumption and achieve maximum efficiency. Furthermore, hybrid power systems help to reduce carbon emission and this factor has been propelling the growth of hybrid power systems market. Controlling carbon emission is one of the top priorities of many power generation companies and growing social responsibility and climate change have led numerous companies to adopt energy efficient technologies to produce energy. However, high installation cost and investments may hinder the growth of global hybrid power systems market.

Global Hybrid Power Systems Market

Hybrid power systems market is segmented into type, power rating, end user, and region. On the basis of type, the global market is segmented into solar (PV)-diesel, wind-solar-diesel, and others. Solar (PV)-diesel segment is expected to gain significant growth in the forecasted period in hybrid power systems market. The solar and diesel hybrid power systems use a natural source of energy such as solar irradiance to produce electricity, which is free & abundant. In comparison with other systems, solar-diesel hybrid power systems provide numerous benefits as they have the ability to reduce carbon emissions and also reduce the risks related to increasing fuel prices. Based on power rating, the global market is categorized into up to 10kW, 11kW–100kW, and above 100kW. 11kW–100kW segment is the largest segment in hybrid power systems market as compared to the other power rating segment in given forecasted period. These types of power solutions are commonly used in hybrid vehicles and other hybrid power devices. The end-user segment includes residential, non-residential, rural facility electrification, and others. Stringent government policy on rural electrification across the African region has anticipated the hybrid power systems market growth. The geographical regions where the hybrid power systems market is diversified are North America, Europe, Asia Pacific, Latin America and the Middle East and Africa with its further bifurcation into major countries.

Key players profiled in the global hybrid power systems market include Siemens AG, SMA Solar Technology AG, Danvest Energy A/S, Alpha Power Solutions, ZTE Corporation, Heliocentris Energy Solutions AG, Poweroasis Ltd., Flexenclosure AB, Ltd., Pfisterer Holding AG, and Vergnet SA.

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