Solar Wind Hybrid Systems Market: Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021

Report Code: ZMR-190 | Report Format : | Status : Upcoming |

Abstract

Solar wind hybrid systems are hybrid power systems combining wind turbines with other storage or generation sources. It is a small hybrid electric system that combines wind energy and solar electric, that is, photovoltaic, generating electricity on regular basis. These systems have a wide range of applications in isolated locations, rural areas, off grids, house lighting, road lighting, landscape lighting, fishing boat, telecommunication system, yacht, and other electronic monitoring systems. These systems comprise wind turbine, PV array, battery bank, hybrid controller, loads, inverters, and another connector. Solar wind hybrid power system is a consolidated power generating system which generates power by solar energy panel and windmill. It consists of a battery that is used to accumulate the energy generated from both the resources. With this system, power generated by both windmill and photovoltaic module when light radiation is available can be easily attained.

Factors such as rapid growth in energy consumption catapult by the rising standard of living and growing concerns with regards to scarcity have spurred the demand for solar wind hybrid systems globally. In addition, ample amount of opportunities is provided by rapid industrialization taking place throughout the world. Other factors responsible for the growth of the global market are rising demand for clean fuel off-grid electricity and constant reduction in solar and wind energy costs. Another key reason for the rising demand of solar wind hybrid systems is the decreasing levels of fossil fuel in reservoirs. This, in turn, brings the need for solar wind hybrid systems, which are consolidated power generation units employing both solar and wind sources for energy generation.

On the basis of type, the global solar wind hybrid systems market is segmented as standalone and on-grid systems. Standalone hybrid plants influence the hybrid solar wind market since the majority of the installations are in off-grid locations. Based on the application, the global market is further segmented as residential, commercial, and industrial. To meet the daily electricity requirement, these systems are mainly used for residential and commercial purposes. Geographically, the global market is segmented as North America, Latin America, Europe, Asia-Pacific, and the Middle East and Africa.

Asia Pacific is anticipated to witness the fastest growth owing to the rapid urbanization in countries such as Japan, India, China, and South Korea. This, in turn, results in rising demand for solar wind hybrid systems in the region. In addition, factors such as government initiatives supporting power generation from renewable energy sources along with growing capital investment for technical advancements in solar wind hybrid systems are driving the Asia Pacific market.

Major players dominating the global solar wind hybrid systems market are Blue Pacific Solar Products Inc., Zenith Solar Systems, UGE International Ltd., and Unitron Energy Systems Pvt. Ltd. Other key players influencing the global market include New Ventures, Alternate Energy Company, and Alpha Windmills.

Solar Wind Hybrid Systems Market: Regional Segment Analysis

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

Related Reports

District Heating Market by Heat Source (Renewable and Non-Renewable), by Plant Type (Boiler Plant and CHP), and by Application (Residential, Industrial, and Commercial): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025

Mar-2019 | Price : $ 4899.00 | Pages: 110 | Report Code: ZMR-3924 | Report Format:

The report covers a forecast and an analysis of the district heating market on a global and regional level. The study provides historical data for 2016, 2017, and 2018 along with a forecast from 2019 to 2025 based on revenue (USD Billion). The study includes drivers and restraints of the district ...Read More

Metal Structural Insulation Panels Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026

Price : $ 3999.00 | Report Code: ZMR-3897 | Report Format:

Global Metal Structural Insulation Panels Market: Overview The steel-based metal structural insulation panels are generally installed in commercial buildings and factories to reduce energy cost and improve energy efficiency. The demand and popularity of the metal structural insulation panels mar...Read More

Power Optimizer Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026

Price : $ 3999.00 | Report Code: ZMR-3896 | Report Format:

Global Power Optimizer Market: Overview In the last few years, power optimizers have emerged to be among the core components for the contemporary solar power plants. Operational and regulatory re-structuring across renowned power markets, fuelled by rapid technological advancements related to pr...Read More

Underground Cabling EPC Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026

Feb-2019 | Price : $ 3999.00 | Report Code: ZMR-3858 | Report Format:

Global Underground Cabling EPC Market: Overview Underground cables are cables which are buried under the ground for electricity supply. They act as a substitute for the traditional overhead cables and are installed several meters above the ground. Underground cables are often used to replace the...Read More

Stationary Battery Storage Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026

Feb-2019 | Price : $ 3999.00 | Report Code: ZMR-3857 | Report Format:

Global Stationary Battery Storage Market: Overview Stationary battery storage systems serve as a crucial tool for enabling the effective integration of renewable energy. It provides widespread power range and finds applications across numerous networks requiring standby or emergency electricity ...Read More

Download Brochure
Why Choose Us ?

24/5 Research support

Resolved your research queries from industry expert. Request for a free research sample before report purchase.

Custom research service

Ask the Analyst to customize an exclusive study to serve your research needs.

Quality & Accuracy

Zion Market Research reports offers best quality reports based on various authentic and accurate data findings.

Customer Satisfaction

We ensure that our client's all research needs are met with customized, in-depth analysis solutions.

Information security

We never share your personal and confidential information. Your personal information is safe and secure with us.