Hybrid Solar Wind Energy Storage Market Key Growth Analysis Siemens Gamesa, UNITRON, Grupo Dragon, ReGen Powertech, General Electric

The Hybrid Solar Wind Energy Storage report also delves into the market dynamics that covers emerging countries and growing markets, although new openings and challenges for emerging market players, Hybrid Solar Wind Energy Storage industry news, and policies according to regions.

Hybrid Solar Wind Energy Storage market is expected to surpass USD 1.5 billion by 2024. Introduction of several targets and norms to promote the adoption of sustainable energy across the commercial buildings will fuel the hybrid solar wind energy storage market growth. Growing service industry across urban area with an objective to achieve energy efficiency will further complement the business outlook. In 2014, European Union introduced EU ?20-20-20? target with an objective to reduce GHG emissions to 20% by increasing renewable energy share in the total energy mix by 2020.

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Top Manufacturers in global market are given bellow:

Siemens Gamesa, UNITRON, Grupo Dragon, ReGen Powertech, General Electric, Goldwind, Suzlon, Blue Pacific Solar, Vestas, Vattenfall, Tesla and Zenith Solar Systems.

Advancement in technology along with introduction of targets and norms to minimize carbon emissions will drive the Australia hybrid solar wind energy storage market share. In 2017, Vestas introduced utility scale project that has ability to generate 15MW of solar & 43.2 MW of wind energy and 2MW battery storage.

By Product

  • Standalone
  • Grid Connected

End Use

  • Residential
  • Commercial
  • Industrial

Advancement in technology along with introduction of targets and norms to minimize carbon emissions will drive the Australia hybrid solar wind energy storage market share. In 2017, Vestas introduced utility scale project that has ability to generate 15MW of solar & 43.2 MW of wind energy and 2MW battery storage.

Rising awareness toward adoption of renewable technologies coupled with growing electricity demand primarily across the commercial and residential establishments will stimulate the U.S. hybrid solar wind energy storage market. In 2017, General Electric joint ventured with Juhi Energy to build 4.6MW of community-based hybrid project consisting of both wind and solar technologies across Minnesota.

Grid connected segment is predicted to witness growth owing to favorable government measures to promote the deployment of sustainable technologies. Carbon credit, net metering and feed in tariff are some of the incentives introduced by government to promote adoption of clean energy systems. Rising concern to get reliable and continuous supply of electricity to execute daily business operations effectively will further complement the business outlook.

Introduction of several norms pertaining to hybrid energy will positively influence the India hybrid solar wind energy storage market. In 2016, India introduced National Wind-Solar Hybrid Policy to achieve installations of 10 GW hybrid by 2022. The country also announced to invest USD 155 million to construct 160 MW project.

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The above information is provided on a regional and country basis for the following:

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, Italy, UK, France, Austria, Spain, Portugal, Ukraine, Switzerland)
  • Asia Pacific (Japan, China, India, South Korea, Australia)
  • Latin America (Brazil, Mexico)
  • MEA (South Africa, Saudi Arabia)

UK hybrid solar wind energy storage market share will witness growth owing to positive outlook toward renewable energy economy structure by increasing their dependency on effective, reliable and sustainable power generation sources. Technological innovation in design of renewable systems to enhance capacity utilization factor will further augment the industry growth.

Table of Content

Chapter 1   Methodology & Scope

1.1   Methodology

1.1.1    Initial data exploration

1.1.2    Statistical model and forecast

1.1.3    Industry insights and validation

1.1.4    Market definition and forecast parameters

1.2   Data Sources

1.2.1    Secondary

1.2.2    Primary

Chapter 2   Executive Summary

2.1   Hybrid solar wind energy storage 3600 synopsis, 2013 – 2024

2.1.1    Business trends

2.1.2    Product trends

2.1.3    End use trends

2.1.4    Regional trends

Chapter 3   Hybrid Solar Wind Energy Storage Industry Insights

3.1   Industry segmentation

3.2   Industry landscape, 2013 – 2024

3.3   Industry ecosystem analysis

3.3.1    Vendor matrix

3.4   Innovation & sustainability

3.5   Regulatory landscape

3.5.1    U.S.

3.5.2    India

3.5.3    Europe

3.5.3.1   France

3.5.3.2   Germany

3.5.3.3   UK

3.5.4    Australia

3.5.5    China

3.5.6    South Africa

3.5.7    Chile

3.5.8    International Battery Standards and Testing

3.5.9    International hybrid grid standards

3.6   Industry impact forces

3.6.1    Growth drivers

3.6.1.1   Enhanced power quality and security of supply

3.6.1.2   Improved system efficiency and longevity

3.6.1.3   Growing electricity demand

3.6.1.4   Positive outlook towards renewable energy

3.6.1.5   Increasing off-grid electricity demand

3.6.2    Industry pitfalls and challenges

3.6.2.1   High initial investment

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