Hybrid Solar Wind Market Latest Trend, Growth, Size, Application & Forecast 2024
Category: #business  By Partha Ray  Date: 2019-10-16
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Hybrid Solar Wind Market Latest Trend, Growth, Size, Application & Forecast 2024

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.

Growing funding from private and public institutions including International Finance Corporation, Asian and African Development Bank toward the electrification across the isolated and off grid areas will propel the hybrid solar wind energy storage market. According to International Energy Agency, USD 718 billion was invested toward electrification worldwide in 2016.

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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.

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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.

Eminent participants in hybrid solar wind energy storage market includes Siemens Gamesa, UNITRON, Grupo Dragon, ReGen Powertech, General Electric, Goldwind, Suzlon, Blue Pacific Solar, Vestas, Vattenfall, Tesla and Zenith Solar Systems.

Partial Table of Contents (ToC) of the report:

Chapter 4    Hybrid Solar Wind Product Insights

4.1    Hybrid solar wind market share by product, 2015 & 2024

4.2    Standalone

4.2.1    Global hybrid solar wind market estimates and forecast from standalone, 2013 - 2024

4.2.2    Global hybrid solar wind market volume from standalone, by region, 2013 - 2024

4.2.3    Global hybrid solar wind market revenue from standalone, by region, 2013 - 2024

4.3    Grid Connected

4.3.1    Global hybrid solar wind market estimates and forecast from grid connected, 2013 - 2024

4.3.2    Global hybrid solar wind market volume, by region from grid connected, 2013 – 2024

4.3.3    Global hybrid solar wind market revenue from grid connected, by region, 2013 - 2024

Chapter 5    Hybrid Solar Wind End Use Insights

5.1    Hybrid solar wind market share by end use, 2015 & 2024

5.2    Residential

5.2.1    Global residential hybrid solar wind market estimates and forecast, 2013 - 2024

5.2.2    Global residential hybrid solar wind market estimates, by region, 2013 - 2024

5.2.3    Global residential hybrid solar wind market estimates, by region, 2013 - 2024

5.3    Commercial

5.3.1    Global commercial hybrid solar wind market estimates and forecast, 2013 - 2024

5.3.2    Global commercial hybrid solar wind market estimates, by region, 2013 – 2024

5.3.3    Global commercial hybrid solar wind market estimates, by region, 2013 – 2024

5.4    Industrial

5.4.1    Global industrial hybrid solar wind market estimates and forecast, 2013 - 2024

5.4.2    Global industrial hybrid solar wind market estimates, by region, 2013 – 2024

5.4.3    Global industrial hybrid solar wind market estimates, by region, 2013 – 2024

Chapter 6    Hybrid Solar Wind Regional Insights

6.1    Hybrid solar wind market share by region, 2015 & 2024

6.2    North America

6.2.1    North America hybrid solar wind market estimates and forecast, 2013 - 2024

6.2.2    North America hybrid solar wind market estimates and forecast, by product, 2013 - 2024

6.2.3    North America hybrid solar wind market estimates and forecast, by end use, 2013 - 2024

6.2.4    U.S.

6.2.4.1   U.S. hybrid solar wind market estimates and forecast, 2013 - 2024

6.2.4.2   U.S. hybrid solar wind market estimates and forecast, by product, 2013 - 2024

6.2.4.3   U.S. hybrid solar wind market estimates and forecast, by end use, 2013 - 2024

6.2.5    Canada

6.2.5.1   Canada hybrid solar wind market estimates and forecast, 2013 - 2024

6.2.5.2   Canada hybrid solar wind market estimates and forecast, by product, 2013 - 2024

6.2.5.3   Canada hybrid solar wind market estimates and forecast, by end use, 2013 - 2024

6.3    Europe

6.3.1    Europe hybrid solar wind market estimates and forecast, 2013 - 2024

6.3.2    Europe hybrid solar wind market estimates and forecast, by product, 2013 - 2024

6.3.3    Europe hybrid solar wind market estimates and forecast, by end use, 2013 - 2024

6.3.4    UK

6.3.4.1   UK hybrid solar wind market estimates and forecast, 2013 - 2024

6.3.4.2   UK hybrid solar wind market estimates and forecast, by product, 2013 - 2024

6.3.4.3   UK hybrid solar wind market estimates and forecast, by end use, 2013 - 2024

6.3.5    Germany

6.3.5.1   Germany hybrid solar wind market estimates and forecast, 2013 - 2024

6.3.5.2   Germany hybrid solar wind market estimates and forecast, by product, 2013 - 2024

6.3.5.3   Germany hybrid solar wind market estimates and forecast, by end use, 2013 – 2024

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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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