Please Wait.....
Report
Hybrid Power Solutions Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-11-02 I 143 Pages I IMARC Group
The global hybrid power solutions market size reached US$ 980 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,580 Million by 2028, exhibiting a growth rate (CAGR) of 8.3% during 2022-2028.
Hybrid power solutions rely on loads, generators, converters, storage systems and renewable energy sources to generate power. These solutions are presently available in varying sizes, ranging from large island grids of many megawatts to individual household power supplies of around one kilowatt. As they minimize carbon footprint and reduce the overall cost of energy, hybrid power solutions find extensive application in utilities, municipalities, independent power producers (IPPs) and system operators worldwide.
The increasing consumption of electricity, in confluence with the escalating demand for clean energy sources on account of rising environmental concerns, represents one of the key factors bolstering the market growth. Moreover, the increasing adoption of hybrid power solutions can be attributed to the rising need for storing excess power during oversupply, supply shortages and sudden peaks in load demand. Furthermore, hybrid power solutions that deliver alternating current (AC) of fixed frequency are gaining traction for supplying electric power in remote locations. Apart from this, as these solutions offer increased reliability, enhanced flexibility and fuel efficiency, lower greenhouse gas (GHG) emissions and a wide range of operating modes, their application is expanding in various end use industries. Moreover, the leading market players are focusing on reducing the cost of battery energy storage systems (BESS) while improving hardware, energy density, safety and efficiency of hybrid power solutions. This, in turn, is anticipated to positively influencing the growth of the market in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global hybrid power solutions market report, along with forecasts at the global, regional and country levels from 2023-2028. Our report has categorized the market based on system type, power rating and end user.
Breakup by System Type:
Solar-Diesel
Wind-Diesel
Solar-Wind-Diesel
Others
Breakup by Power Rating:
Up to 10 KW
11 KW-100 KW
Above 100 KW
Breakup by End User:
Residential
Commercial
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being AEG Power Solutions GmbH, Delta Electronics Inc., ENGIE EPS S.A., Huawei Technologies Co. Ltd., Pfisterer Holding Aktiengesellschaft, Siemens AG, Silver Power Systems Ltd., SMA Solar Technology AG, Vergnet SA and ZTE Corporation.
Key Questions Answered in This Report:
How has the global hybrid power solutions market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global hybrid power solutions market?
What are the key regional markets?
What is the breakup of the market based on the system type?
What is the breakup of the market based on the power rating?
What is the breakup of the market based on the end user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global hybrid power solutions market and who are the key players?
What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
2.3.1Primary Sources
2.3.2Secondary Sources
2.4Market Estimation
2.4.1Bottom-Up Approach
2.4.2Top-Down Approach
2.5Forecasting Methodology
3 Executive Summary
4 Introduction
4.1Overview
4.2Key Industry Trends
5 Global Hybrid Power Solutions Market
5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Forecast
6 Market Breakup by System Type
6.1Solar-Diesel
6.1.1 Market Trends
6.1.2 Market Forecast
6.2Wind-Diesel
6.2.1 Market Trends
6.2.2 Market Forecast
6.3Solar-Wind-Diesel
6.3.1 Market Trends
6.3.2 Market Forecast
6.4Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Power Rating
7.1Up to 10 KW
7.1.1 Market Trends
7.1.2 Market Forecast
7.211 KW-100 KW
7.2.1 Market Trends
7.2.2 Market Forecast
7.3Above 100 KW
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by End User
8.1Residential
8.1.1 Market Trends
8.1.2 Market Forecast
8.2Commercial
8.2.1 Market Trends
8.2.2 Market Forecast
8.3Others
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Region
9.1North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1Overview
10.2Strengths
10.3Weaknesses
10.4Opportunities
10.5Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1Overview
12.2Bargaining Power of Buyers
12.3Bargaining Power of Suppliers
12.4Degree of Competition
12.5Threat of New Entrants
12.6Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1Market Structure
14.2Key Players
14.3Profiles of Key Players
14.3.1AEG Power Solutions GmbH
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2Delta Electronics Inc.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.3ENGIE EPS S.A.
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.4Huawei Technologies Co. Ltd.
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 SWOT Analysis
14.3.5Pfisterer Holding Aktiengesellschaft
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.6Siemens AG
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7Silver Power Systems Ltd.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8SMA Solar Technology AG
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9Vergnet SA
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10ZTE Corporation
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
Figure 1: Global: Hybrid Power Solutions Market: Major Drivers and Challenges
Figure 2: Global: Hybrid Power Solutions Market: Sales Value (in Million US$), 2017-2022
Figure 3: Global: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 4: Global: Hybrid Power Solutions Market: Breakup by System Type (in %), 2022
Figure 5: Global: Hybrid Power Solutions Market: Breakup by Power Rating (in %), 2022
Figure 6: Global: Hybrid Power Solutions Market: Breakup by End User (in %), 2022
Figure 7: Global: Hybrid Power Solutions Market: Breakup by Region (in %), 2022
Figure 8: Global: Hybrid Power Solutions (Solar-Diesel) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Hybrid Power Solutions (Solar-Diesel) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Hybrid Power Solutions (Wind-Diesel) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Hybrid Power Solutions (Wind-Diesel) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Hybrid Power Solutions (Solar-Wind-Diesel) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Hybrid Power Solutions (Solar-Wind-Diesel) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Hybrid Power Solutions (Others) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Hybrid Power Solutions (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Hybrid Power Solutions (Up to 10 KW) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Hybrid Power Solutions (Up to 10 KW) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Hybrid Power Solutions (11 KW-100 KW) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Hybrid Power Solutions (11 KW-100 KW) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Hybrid Power Solutions (Above 100 KW) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Hybrid Power Solutions (Above 100 KW) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Hybrid Power Solutions (Residential) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Hybrid Power Solutions (Residential) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Hybrid Power Solutions (Commercial) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Hybrid Power Solutions (Commercial) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Hybrid Power Solutions (Others) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Hybrid Power Solutions (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: North America: Hybrid Power Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: North America: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: United States: Hybrid Power Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: United States: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Canada: Hybrid Power Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Canada: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Asia-Pacific: Hybrid Power Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Asia-Pacific: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: China: Hybrid Power Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: China: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Japan: Hybrid Power Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Japan: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: India: Hybrid Power Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: India: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: South Korea: Hybrid Power Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: South Korea: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Australia: Hybrid Power Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Australia: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Indonesia: Hybrid Power Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Indonesia: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Others: Hybrid Power Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Others: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Europe: Hybrid Power Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Europe: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Germany: Hybrid Power Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Germany: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: France: Hybrid Power Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: France: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: United Kingdom: Hybrid Power Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: United Kingdom: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Italy: Hybrid Power Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Italy: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Spain: Hybrid Power Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Spain: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Russia: Hybrid Power Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Russia: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Others: Hybrid Power Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Others: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Latin America: Hybrid Power Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Latin America: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Brazil: Hybrid Power Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Brazil: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Mexico: Hybrid Power Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Mexico: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Others: Hybrid Power Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Others: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Middle East and Africa: Hybrid Power Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Middle East and Africa: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Middle East and Africa: Hybrid Power Solutions Market: Breakup by Country (in %), 2022
Figure 77: Global: Hybrid Power Solutions Industry: SWOT Analysis
Figure 78: Global: Hybrid Power Solutions Industry: Value Chain Analysis
Figure 79: Global: Hybrid Power Solutions Industry: Porter's Five Forces Analysis
Table 1: Global: Hybrid Power Solutions Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Hybrid Power Solutions Market Forecast: Breakup by System Type (in Million US$), 2023-2028
Table 3: Global: Hybrid Power Solutions Market Forecast: Breakup by Power Rating (in Million US$), 2023-2028
Table 4: Global: Hybrid Power Solutions Market Forecast: Breakup by End User (in Million US$), 2023-2028
Table 5: Global: Hybrid Power Solutions Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Hybrid Power Solutions Market: Competitive Structure
Table 7: Global: Hybrid Power Solutions Market: Key Players
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security