Dublin, Aug. 27, 2019 (GLOBE NEWSWIRE) -- The "Hybrid Power Systems Market by Technology, End-users, and Geography - Global Forecast and Analysis 2019-2023" report has been added to ResearchAndMarkets.com's offering.

Increase in demand for clean energy sources

The rise in carbon emissions adversely impacts health and impairs productivity improvements. This leads to a rapid increase in the adoption of clean energy technologies such as solar PV and wind.

Therefore, the rise in demand for clean energy sources and benefits of using renewables such as solar and wind energy will lead to the expansion of the global hybrid power systems market at a CAGR of over 8% during the forecast period.

Developments in BESS

Batteries are the most commonly used energy storage systems, as the costs of batteries have been declining significantly. This price reduction can be attributed to the improvements in hardware and standardization of system design and engineering.

The rising sales of batteries have increased economies of scale, reducing the prices of battery systems. Thus, the declining costs of battery systems have been boosting the adoption of BESS in hybrid power systems, thereby increasing its operational efficiency. This development is expected to have a positive impact on the overall market growth.

Market Dynamics

The report looks at factors such as a rise in global electricity demand, increase in demand for clean energy source, and favorable government support.

However, intermittency and fluctuations in renewable power generation, challenges associated with the use of hybrid power systems, and grid integration challenges may hamper the growth of the hybrid power systems industry over the forecast period.

Segment Analysis

The hybrid power systems market analysis considers sales from solar-diesel, solar-wind-diesel, wind-diesel, and others. The analysis also considers the sales of hybrid power systems in America, APAC, EMEA.

In 2018, the solar-diesel segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as widespread adoption and benefits of solar-diesel hybrid power will help the solar-diesel segment to maintain its market position.

Competitive Landscape

With the presence of several major players, the global hybrid power systems market is fragmented. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading hybrid power systems manufacturers, that include:

• General Electric Co.
• Schneider Electric SE
• Shanghai Ghrepower Green Energy Co. Ltd.
• Siemens AG
• SMA Solar Technology AG
• Vertiv Group Corp.

Also, the hybrid power systems market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

Key Topics Covered

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

• Market ecosystem
• Market characteristics
• Market segmentation analysis

PART 04: MARKET SIZING

• Market definition
• Market sizing 2018
• Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

PART 06: MARKET SEGMENTATION BY TECHNOLOGY

• Comparison by technology
• Solar-diesel - Market size and forecast 2018-2023
• Solar-wind-diesel - Market size and forecast 2018-2023
• Wind-diesel - Market size and forecast 2018-2023
• Others - Market size and forecast 2018-2023
• Market opportunity by technology

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

• Geographic comparison
• APAC - Market size and forecast 2018-2023
• EMEA - Market size and forecast 2018-2023
• Americas - Market size and forecast 2018-2023
• Key leading countries
• Market opportunity

PART 09: MARKET SEGMENTATION BY END-USER

• Comparison by end-user
• Non-residential - Market size and forecast 2018-2023
• Residential - Market size and forecast 2018-2023
• Market opportunity by end-user

PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES

PART 12: MARKET TRENDS

• Developments in BESS
• Development of solar cities and ZEBs
• Technological advances

PART 13: VENDOR LANDSCAPE

• Overview
• Landscape disruption
• Competitive scenario

PART 14: VENDOR ANALYSIS

• Vendors covered
• Vendor classification
• Market positioning of vendors
• General Electric Co.
• Schneider Electric SE
• Shanghai Ghrepower Green Energy Co. Ltd.
• Siemens AG
• SMA Solar Technology AG
• Vertiv Group Corp.

For more information about this report visit https://www.researchandmarkets.com/r/s9b7og

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