Market Overview

Global Hybrid Power Solutions Market Outlook to 2023: Analysis by Power Rating, Type, End-user, and Geography -


The "Global
Hybrid Power Solutions Market - Analysis by Power Rating, Type,
End-user, and Geography- Growth, Trends, and Forecast (2018 - 2023)"

report has been added to's

The hybrid power generation systems include more than one source of
electricity generation, which includes a renewable power plant as one
the sources of electricity.

The intermittency associated with renewable source is eliminated by
other power sources, which are mostly diesel-based power generation
system. Therefore, hybrid power solutions gain importance from the fact
that it leads to usage of renewable power with hardly any intermittency.

The hybrid power solutions are highly suitable for off-grid power
consumers on account of its techno-economic benefits, which is expected
to drive the market in the coming years.

Moreover, the global hybrid power solutions market is likely to grow at
a significant rate during the forecast period, owing to the evolving
landscape in terms of innovations in technology and business models,
growth in the telecom infrastructure, increasing government policies and
greater need for energy security, resiliency, and reduction in
green-house gases emissions.

Key Highlights

  • Declining Cost of Solar Power is Driving the Hybrid Power Generation
  • Middle East & Africa to Dominate the Market Growth

Notable Developments in the Market

  • April 2018: India-based EPC contractor, Sterling Wilson, announced the
    launch of a new business unit which is expected to offer solutions for
    hybrid power plants using energy storage.
  • March 2018: Wartsila, Finnish power engineering company, has
    successfully completed the largest solar hybrid power plant in the
    West African country, Burkina Faso.

Key Topics Covered

1. Executive Summary

2. Research Methodology

3. Market Overview

4. Market Dynamics

5. Supply Chain Analysis

6. Industry Attractiveness - Porter's Five Force Analysis

7. Market Segmentation and Analysis

8. Regional Market Analysis

9. Key Company Analysis

  • Siemens AG
  • Eltek Power Systems AS
  • GE Renewable Energy
  • Huawei Technologies Co. Ltd.
  • Danvest Holding A/S
  • Electro Power Systems SA
  • PowerOasis Limited
  • Heliocentris/AKT O.N.
  • SMA Solar Technology AG
  • ZTE Corporation

10. Competitive Landscape

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