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

Underwater Monitoring System for Oil and Gas Market: Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021

Nov-2016 | Price : $ 3599.00 | Report Code: ZMR-377 | Report Format:

An underwater monitoring system for oil and gas is the process of monitoring natural fuels, mainly oil and gas, and treating them to meet the daily needs of the people. This process mainly concentrates on the quality of the product and maintenance of the structure. Increase in the demand and to ...Read More

Vertical Axis Wind Turbine Market: Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021

Oct-2016 | Price : $ 3599.00 | Report Code: ZMR-200 | Report Format:

The type of wind turbine in which the main rotor shaft is set transverse to the wind, but not necessarily vertically, whereas the main components are located at the base of the turbine is known as vertical axis wind turbines. This vertical axis arrangement in the turbine allows the generator and t...Read More

Offshore Support Vessels Market: Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021

Oct-2016 | Price : $ 3599.00 | Report Code: ZMR-198 | Report Format:

The ships that are designed and used for the transportation of liquid cargo, stores, materials and equipment, and personnel to offshore oil platform that functions deep in the oceans are known as offshore support vessels. Services included in these vessels are offshore pipe laying, drilling rigs, ...Read More

Smart Mining Market: Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021

Oct-2016 | Price : $ 3599.00 | Report Code: ZMR-191 | Report Format:

Earlier, the mining industry was mainly dependent only on the labor force. Miners usually used tools such as iron chisels and hammers, compressed drills, pickaxes, and other manually operated tools for mining operations. Hence, to reduce the manual intervention in order to save the time utilized a...Read More

Waste to Energy (WTE) Market: Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021

Oct-2016 | Price : $ 3599.00 | Report Code: ZMR-187 | Report Format:

The process of generating energy in the form of electricity and/or heat from the primary treatment of waste is called as waste-to-energy. It is also known as energy-from-waste. Waste-to-energy can be called as a form of energy recovery process. Most of the waste-to-energy processes produce electri...Read More

Choose License Type:
Upcoming Report

Heavy Industry

Water Management Market for Oil and Gas Industry: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Water Management Market for Oil and Gas Industry: Overview Water is used both as an ingredient and as a by-product in the production of oil and gas. Different steps such as injection into the well, drilling of exploration well and refining and oil processing involved in the oil and gas productio Read More

Technology & Media

Secure Digital (SD) Memory Card Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Global Secure Digital (SD) Memory Card Market: Overview Secure digital (SD) is the digital data storage memory card used widely in electronic devices such as smartphones, digital cameras, tablets, handheld devices, and others. It is non-volatile memory card and can be reprogrammed for multiple t Read More

Heavy Industry

Nuclear Decommissioning Services Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Global Nuclear Decommissioning Services Market: Overview The Fukushima incident divulges the helplessness of the nuclear power. The government needs to update and digitize the nuclear decommissioning services in order to ensure the safety of the world. The regular inspections of the reactor and Read More

Heavy Industry

Feed Water Heater for Power Plants Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Feed Water Heater for Power Plants Market: Overview The water that is transferred from the condenser or tank into a boiler in order to convert it into steam is known as feed water. In a power plant to preheat the boiler feed, the feed water heater is used. The thermodynamic efficiency is improve Read More

Healthcare

Cell and Tissue Culture Supplies Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Global Cell and Tissue Culture Supplies Market: Overview Cell and tissue culture can be described as the generation of living cells under the controlled laboratory conditions rather than natural environment, wherein the humidity, temperature, and nutritional quantity are controlled under certain Read More

Read more

Latest Report

05-Dec-2016 | Medical Device

Prefilled Syringes (Glass-Based Prefilled Syringes and Plastic-Based Prefilled Syringes) Market for Insulin, Vaccines and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021

The report covers forecast and analysis for the prefilled syringes market on a global and regional level. The study provides historic data of 2015 along with a forecast from 2015 to 2021 based on both volume (Million Units) and revenue (USD Million). The study includes drivers and restraints of th Read More

05-Dec-2016 | Medical Device

Diagnostic Imaging Market by Products (X-ray Imaging Systems, CT Scanners, MRI Systems, Ultrasound Imaging Systems and Nuclear Imaging Systems) - Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021

The report covers forecast and analysis for the diagnostic imaging market on a global and regional level. The study provides historic data of 2015 along with a forecast from 2016 to 2021 based on revenue (USD Billion). The study includes drivers and restraints for the diagnostic imaging market alo Read More

05-Dec-2016 | Consumer Goods

Luxury Hotels Market By Type (Business Hotels, Suite Hotels, Airport Hotels, Resorts) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2021

The report covers forecast and analysis for the luxury hotels market on a global and regional level. The study provides historic data of 2015 along with a forecast from 2016 to 2021 based on revenue (USD Billion). The study includes drivers and restraints for the luxury hotels market along with th Read More

05-Dec-2016 | Medical Device

Hemostasis Products Market (Topical Hemostasis, Infusible Hemostasis and Advanced Hemostasis) for Trauma, Surgery, Hemophilia, Myocardial Infarction, Stroke, and Thrombosis Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021

The report covers forecast and analysis for the hemostasis products market on a global and regional level. The study provides historic data of 2015 along with a forecast from 2016 to 2021 based revenue (USD Billion). The study includes drivers and restraints for the hemostasis products market alon Read More

05-Dec-2016 | Food & Beverage

Savory Snacks Market: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021

Extruded snacks, popcorn, nuts seeds, pretzels, meat snacks, traditional snacks, potato chips are the type of savory snacks among others. Potato chips have been the principal segment of the savory snacks market over the past few years and this trend is expected to continue in the coming future. T Read More

Read more