出版：MarketsandMarkets（マーケッツアンドマーケッツ） 出版年月：2023年7月
ハイブリッド電源ソリューション市場 : システムタイプ (太陽光-化石、風力-化石、太陽光-風力-化石、太陽光-風力、その他)、系統接続 (オングリッド、オフグリッド)、容量 (最大 100kW、100kW-1MW、1MW 以上)、エンドユーザー、地域別 – 2028年までの世界予測
Hybrid Power Solutions Market by System Type (Solar-Fossil, Wind-Fossil, Solar-Wind-Fossil, Solar-Wind, Others), Grid Connectivity (On-Grid, Off-Grid), Capacity (Upto 100kW, 100kW-1MW, Above 1MW), End User & Region – Global Forecast to 2028
| ページ数 | 188 |
| 図表数 | 192 |
| 種別 | 英文調査報告書 |
| 価格 |
The hybrid power solutions market is estimated to grow from USD 2.4 Billion in 2023 to USD 4.0 Billion by 2028; it is expected to record a CAGR of 10.4% during the forecast period. The hybrid power solutions market is witnessing rapid growth owing to the increasing demand for sustainable and reliable energy solutions in diverse sectors, such as residential, commercial and industrial.
“Commercial: The second-fastest segment of the hybrid power solutions market, by end user”
Based on end user, the hybrid power solutions market has been split into three types: residential, commercial, and industrial. The commercial end user is growing in the hybrid power solutions market due to increasing focus on sustainability and energy efficiency by businesses as well as rapid urbanization. Hybrid systems enable companies to reduce operational costs and carbon footprints while ensuring reliable power supply, making them an attractive choice for environmentally conscious and cost-conscious businesses.
“Above 1 MW segment is expected to emerge as the largest segment based on capacity”
Based on capacity, the hybrid power solutions market has been segmented into upto 100kW, 100kW-1MW, and above 1 MW. The above 1 MW segment is expected to be the largest segment owing to urge in demand from large-scale industrial and commercial applications. They require higher power capacities to meet energy needs efficiently and sustainably. Additionally, advancements in technology and cost-effectiveness of larger installations contributes to the growth.
“Middle East and Africa is expected to emerge as the second-largest region based on hybrid power solutions market”
By region, the hybrid power solutions market has been segmented into Asia Pacific, North America, South America, Europe, and Middle East & Africa. In the region, the hybrid power solutions market is driven by the need to expand energy access, especially in rural and remote areas with limited or no grid connectivity. international partnerships and collaborations have further accelerated the adoption of hybrid power solutions in the Middle East & Africa region. Investments from international organizations and development agencies have facilitated the implementation of projects and the transfer of knowledge and technology.
Off-Grid is expected to be the second-largest segment based on the grid connectivity
Off-Grid is expected to be the second-largest segment in the hybrid power solutions market between 2023–2028 due to the need for reliable power supply, continuous operations, and reduced dependency on fossil fuels while achieving sustainability goals. Integrating renewable energy with grid connectivity offers a cost-effective and sustainable solution, reducing reliance on fossil fuels.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1- 45%, Tier 2- 30%, and Tier 3- 25%
By Designation: C-Level- 35%, Director Levels- 25%, and Others- 40%
By Region: North America- 10%, Europe- 15%, Asia Pacific- 60%, the Middle East & Africa- 10%, and South America- 5%
Note: Others include product engineers, product specialists, and engineering leads.
Note: The tiers of the companies are defined on the basis of their total revenues as of 2021. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million
The hybrid power solutions market is dominated by a few major players that have a wide regional presence. The leading players in the high voltage cables and accessories market are General Electric (US), Vertiv Group Corp. (US), Vestas (Denmark), Wärtsilä (Finland), and SMA Solar Technology AG (Germany).
Research Coverage:
The report defines, describes, and forecasts the hybrid power solutions market, by system type, power rating, grid connectivity, end user, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the hybrid power solutions market.
Key Benefits of Buying the Report
• Increased power generation from hybrid power plants in off-grid locations and cost efficiency due to adoption of hybrid power solutions drive the demand. Factors such as high initial investment costs and longer payback periods hinder market growth. The growing need for uninterrupted power supply in telecom infrastructure, coupled with a focus on reducing carbon emissions offer lucrative opportunities in this market. Complex system integration and the occurrence of solar panel failures are major challenges faced by countries in this market.
• Product Development/ Innovation: The trends such as solar-wind, solar-wind-fossil, solar-fossil have led to more efficient, reliable, durable, and high power generation. The focus on hybrid power solutions has also led to the expectation that it would minimize the operating costs and will contribute more sustainable environment.
• Market Development: The global scenario of hybrid power solution in power generation is evolving rapidly, with trends towards hybrid plants as they offer a balanced and reliable energy supply, utilizing the strengths of both systems i.e., renewable and conventionals.
• Market Diversification: Huawei Technologies Co. Ltd. product Power-S offers a seamless solar hybrid power and backup solution designed generally for commercial and industrial environments, delivering reliable and high-quality power supply.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like General Electric (US), Vertiv Group Corp. (US), Vestas (Denmark), Wärtsilä (Finland), and SMA Solar Technology AG (Germany) among others in the hybrid power solution market.
目次
1 INTRODUCTION 26
1.1 STUDY OBJECTIVES 26
1.2 MARKET DEFINITION 26
1.2.1 INCLUSIONS AND EXCLUSIONS 27
TABLE 1 HYBRID POWER SOLUTIONS MARKET: INCLUSIONS AND EXCLUSIONS, BY SYSTEM TYPE 27
TABLE 2 HYBRID POWER SOLUTIONS MARKET: INCLUSIONS AND EXCLUSIONS, BY CAPACITY 28
TABLE 3 HYBRID POWER SOLUTIONS MARKET: INCLUSIONS AND EXCLUSIONS, BY GRID CONNECTIVITY 28
TABLE 4 HYBRID POWER SOLUTIONS MARKET: INCLUSIONS AND EXCLUSIONS, BY END USER 28
1.3 MARKET SCOPE 29
1.3.1 MARKETS COVERED 29
1.3.2 REGIONAL SCOPE 30
1.3.3 YEARS CONSIDERED 30
1.3.4 CURRENCY CONSIDERED 31
1.4 LIMITATIONS 31
1.5 STAKEHOLDERS 31
1.6 RECESSION IMPACT 32
1.7 SUMMARY OF CHANGES 32
2 RESEARCH METHODOLOGY 33
2.1 RESEARCH DATA 33
FIGURE 1 HYBRID POWER SOLUTIONS MARKET: RESEARCH DESIGN 33
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 34
FIGURE 2 DATA TRIANGULATION 34
2.2.1 SECONDARY DATA 34
2.2.1.1 Key data from secondary sources 35
2.2.2 PRIMARY DATA 35
2.2.2.1 Key data from primary sources 36
2.2.2.2 Breakdown of primaries 36
2.3 SCOPE 37
FIGURE 3 MAIN METRICS CONSIDERED TO ANALYZE AND ASSESS DEMAND FOR HYBRID POWER SOLUTIONS 38
2.4 MARKET SIZE ESTIMATION 38
2.4.1 BOTTOM-UP APPROACH 39
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 39
2.4.2 TOP-DOWN APPROACH 40
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 40
2.4.3 DEMAND-SIDE ANALYSIS 41
2.4.3.1 Regional analysis 41
2.4.3.2 Country-level analysis 41
2.4.3.3 Assumptions for demand-side analysis 42
2.4.3.4 Calculations for demand-side analysis 42
2.4.4 SUPPLY-SIDE ANALYSIS 43
FIGURE 6 KEY STEPS CONSIDERED TO ASSESS SUPPLY OF HYBRID POWER SOLUTIONS 43
FIGURE 7 HYBRID POWER SOLUTIONS MARKET: SUPPLY-SIDE ANALYSIS 43
2.4.4.1 Calculations for supply-side analysis 44
2.4.4.2 Assumptions for supply-side analysis 44
2.4.5 FORECAST 44
2.5 RISK ASSESSMENT 44
2.6 IMPACT OF RECESSION 44
3 EXECUTIVE SUMMARY 45
TABLE 5 HYBRID POWER SOLUTIONS MARKET SNAPSHOT 45
FIGURE 8 SOUTH AMERICA TO REGISTER HIGHEST CAGR IN HYBRID POWER SOLUTIONS MARKET DURING FORECAST PERIOD 46
FIGURE 9 ABOVE 1 MW SEGMENT TO LEAD HYBRID POWER SOLUTIONS MARKET DURING FORECAST PERIOD 46
FIGURE 10 ON-GRID TO BE DOMINANT SEGMENT IN HYBRID POWER SOLUTIONS MARKET DURING FORECAST PERIOD 47
FIGURE 11 INDUSTRIAL SEGMENT TO LEAD HYBRID POWER SOLUTIONS MARKET DURING FORECAST PERIOD 47
FIGURE 12 SOLAR-WIND SEGMENT TO LEAD HYBRID POWER SOLUTIONS MARKET DURING FORECAST PERIOD 48
4 PREMIUM INSIGHTS 49
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN HYBRID POWER SOLUTIONS MARKET 49
FIGURE 13 RISING ADOPTION OF RENEWABLE SOURCES IN POWER GENERATION 49
4.2 HYBRID POWER SOLUTIONS MARKET, BY REGION 49
FIGURE 14 SOUTH AMERICAN HYBRID POWER SOLUTIONS MARKET TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 49
4.3 NORTH AMERICAN HYBRID POWER SOLUTIONS MARKET, BY END USER AND COUNTRY 50
FIGURE 15 INDUSTRIAL SEGMENT AND US HELD LARGEST SHARES OF NORTH AMERICAN HYBRID POWER SOLUTIONS MARKET IN 2022 50
4.4 HYBRID POWER SOLUTIONS MARKET, BY SYSTEM TYPE 50
FIGURE 16 SOLAR-WIND SEGMENT TO DOMINATE HYBRID POWER SOLUTIONS MARKET IN 2028 50
4.5 HYBRID POWER SOLUTIONS MARKET, BY END USER 51
FIGURE 17 INDUSTRIAL SEGMENT TO ACCOUNT FOR LARGEST SHARE OF HYBRID POWER SOLUTIONS MARKET IN 2028 51
4.6 HYBRID POWER SOLUTIONS MARKET, BY GRID CONNECTIVITY 51
FIGURE 18 ON-GRID SEGMENT TO ACCOUNT FOR LARGER SHARE OF HYBRID POWER SOLUTIONS MARKET IN 2028 51
4.7 HYBRID POWER SOLUTIONS MARKET, BY CAPACITY 52
FIGURE 19 ABOVE 1 MW SEGMENT TO ACCOUNT FOR LARGEST SHARE OF HYBRID POWER SOLUTIONS MARKET IN 2028 52
5 MARKET OVERVIEW 53
5.1 INTRODUCTION 53
5.2 MARKET DYNAMICS 54
FIGURE 20 HYBRID POWER SOLUTIONS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 54
5.2.1 DRIVERS 54
5.2.1.1 Increased hybrid power generation in off-grid locations 54
FIGURE 21 OFF-GRID CAPACITY, BY SOURCE, 2019–2021 55
FIGURE 22 OFFSHORE WIND INSTALLATION CAPACITY (GW), BY REGION, 2018–2050 55
5.2.1.2 Lower operating costs than conventional diesel generators 56
FIGURE 23 FLUCTUATIONS IN GLOBAL FUEL PRICES, 2015–2019 56
5.2.2 RESTRAINTS 57
5.2.2.1 High initial investments 57
FIGURE 24 CAPITAL COST ASSOCIATED WITH SOLAR-DIESEL-BASED HYBRID POWER SOLUTIONS, BY COMPONENT (%) 57
5.2.2.2 Higher payback time than conventional diesel generators 57
5.2.3 OPPORTUNITIES 58
5.2.3.1 Reduction in carbon emissions 58
TABLE 6 EMISSION REDUCTION TARGETS 59
5.2.3.2 Growing requirement for uninterrupted power from telecom infrastructure operators 59
5.2.4 CHALLENGES 60
5.2.4.1 Complex system integration 60
5.2.4.2 Solar panel failures 60
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 61
FIGURE 25 REVENUE SHIFTS AND NEW REVENUE POCKETS FOR PLAYERS IN HYBRID POWER SOLUTIONS MARKET 61
5.4 ECOSYSTEM ANALYSIS 62
TABLE 7 HYBRID POWER SOLUTIONS MARKET: ECOSYSTEM ANALYSIS 62
FIGURE 26 HYBRID POWER SOLUTIONS MARKET: ECOSYSTEM ANALYSIS 63
5.5 VALUE CHAIN ANALYSIS 63
FIGURE 27 HYBRID POWER SOLUTIONS MARKET: VALUE CHAIN ANALYSIS 63
5.5.1 RAW MATERIAL PROVIDERS/SUPPLIERS/COMPONENT MANUFACTURERS 64
5.5.2 HYBRID POWER SOLUTION MANUFACTURERS/ASSEMBLERS 64
5.5.3 SYSTEM INTEGRATORS 64
5.5.4 DISTRIBUTORS/RESELLERS 64
5.5.5 PROJECT DEVELOPERS AND ENGINEERING, PROCUREMENT, AND CONSTRUCTION (EPC) COMPANIES 64
5.5.6 END USERS 64
5.5.7 MAINTENANCE AND SERVICE PROVIDERS 64
5.6 PRICING ANALYSIS 65
FIGURE 28 AVERAGE SELLING PRICE (ASP) OF HYBRID POWER SOLUTIONS, BY SYSTEM TYPE 65
TABLE 8 AVERAGE SELLING PRICE (ASP) OF HYBRID POWER SOLUTIONS, BY SYSTEM TYPE (USD THOUSAND/MW) 65
TABLE 9 AVERAGE SELLING PRICE (ASP) ANALYSIS, BY REGION (2021 AND 2028) 65
FIGURE 29 AVERAGE SELLING PRICE (ASP) ANALYSIS, BY REGION (2021 AND 2028) 66
5.7 TECHNOLOGY ANALYSIS 66
5.7.1 SMART MICROGRID 66
5.8 TARIFFS, CODES, AND REGULATIONS 67
5.8.1 TARIFF RELATED TO HYBRID POWER SOLUTION UNITS 67
TABLE 10 TARIFF RELATED TO ELECTRIC MOTORS AND GENERATORS 67
TABLE 11 TARIFF RELATED TO HYDROGEN 68
5.8.2 CODES AND REGULATIONS RELATED TO HYBRID POWER SOLUTIONS 68
5.8.3 CARBON-REDUCTION POLICY TRENDS IN ENERGY INDUSTRY 68
5.8.4 CLIMATE SOLUTIONS ACT 69
5.8.5 REGULATIONS RELATED TO HYBRID POWER SOLUTIONS 69
TABLE 12 HYBRID POWER SOLUTIONS MARKET: REGULATIONS 69
5.9 PATENT ANALYSIS 70
TABLE 13 HYBRID POWER SOLUTIONS MARKET: INNOVATIONS AND PATENT REGISTRATIONS 70
5.10 TRADE ANALYSIS 73
5.10.1 EXPORT SCENARIO FOR ELECTRIC MOTORS AND GENERATORS 73
TABLE 14 EXPORT SCENARIO FOR HS CODE: 8501, BY COUNTRY, 2020–2022 (USD THOUSAND) 73
5.10.2 IMPORT SCENARIO FOR ELECTRIC MOTORS AND GENERATORS 74
TABLE 15 IMPORT SCENARIO FOR HS CODE: 8501, BY COUNTRY, 2020–2022 (USD THOUSAND) 74
5.11 KEY CONFERENCES AND EVENTS, 2023–2024 75
TABLE 16 HYBRID POWER SOLUTIONS MARKET: LIST OF CONFERENCES AND EVENTS 75
5.12 CASE STUDY ANALYSIS 76
5.12.1 MAN ENERGY SOLUTIONS TACKLED CHALLENGE OF RELIABLE POWER SUPPLY BY COMBINING RENEWABLE ENERGY SOURCES WITH HIGHLY ADAPTABLE GENSETS 76
5.12.2 MAN ENERGY SOLUTIONS BUILT NEW HYBRID POWER SYSTEM FOR MINING INDUSTRY 76
5.13 PORTER’S FIVE FORCES ANALYSIS 77
TABLE 17 HYBRID POWER SOLUTIONS MARKET: PORTER’S FIVE FORCES ANALYSIS 77
FIGURE 30 HYBRID POWER SOLUTIONS MARKET: PORTER’S FIVE FORCES ANALYSIS 77
5.13.1 THREAT OF SUBSTITUTES 78
5.13.2 BARGAINING POWER OF SUPPLIERS 78
5.13.3 BARGAINING POWER OF BUYERS 78
5.13.4 THREAT OF NEW ENTRANTS 78
5.13.5 INTENSITY OF COMPETITIVE RIVALRY 78
5.14 KEY STAKEHOLDERS AND BUYING CRITERIA 79
5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS 79
FIGURE 31 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER 79
TABLE 18 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER (%) 79
5.14.2 BUYING CRITERIA 79
FIGURE 32 KEY BUYING CRITERIA, BY END USER 79
TABLE 19 KEY BUYING CRITERIA, BY END USER 80
6 HYBRID POWER SOLUTIONS MARKET, BY SYSTEM TYPE 81
6.1 INTRODUCTION 82
FIGURE 33 HYBRID POWER SOLUTIONS MARKET, BY SYSTEM TYPE, 2022 82
TABLE 20 HYBRID POWER SOLUTIONS MARKET, BY SYSTEM TYPE, 2021–2028 (USD MILLION) 82
6.2 SOLAR-FOSSIL 83
6.2.1 INCREASING DEMAND FOR CLEAN ENERGY TO COMBAT CLIMATE CHANGE AND REDUCE GREENHOUSE GAS EMISSIONS 83
TABLE 21 SOLAR-FOSSIL: HYBRID POWER SOLUTIONS MARKET, BY REGION, 2021–2028 (USD MILLION) 83
6.3 WIND-FOSSIL 83
6.3.1 CAPABILITY TO ADDRESS INTERMITTENCY OF WIND ENERGY AND ENSURE STABLE AND RELIABLE ELECTRICITY SUPPLY 83
TABLE 22 WIND-FOSSIL: HYBRID POWER SOLUTIONS MARKET, BY REGION, 2021–2028 (USD MILLION) 84
6.4 SOLAR-WIND-FOSSIL 84
6.4.1 HIGH EFFICIENCY AND ABILITY TO OVERCOME CHALLENGES OF INTERMITTENT SOLAR AND WIND ENERGY 84
TABLE 23 SOLAR-WIND-FOSSIL: HYBRID POWER SOLUTIONS MARKET, BY REGION, 2021–2028 (USD MILLION) 84
6.5 SOLAR-WIND 85
6.5.1 RISING DEVELOPMENT OF LARGE-SCALE POWER PLANTS 85
TABLE 24 SOLAR-WIND: HYBRID POWER SOLUTIONS MARKET, BY REGION, 2021–2028 (USD MILLION) 85
6.6 OTHERS 85
TABLE 25 OTHERS: HYBRID POWER SOLUTIONS MARKET, BY REGION, 2021–2028 (USD MILLION) 86
7 HYBRID POWER SOLUTIONS MARKET, BY CAPACITY 87
7.1 INTRODUCTION 88
FIGURE 34 HYBRID POWER SOLUTIONS MARKET, BY CAPACITY, 2022 88
TABLE 26 HYBRID POWER SOLUTIONS MARKET, BY CAPACITY, 2021–2028 (USD MILLION) 88
7.2 UP TO 100 KW 88
7.2.1 HIGH ADOPTION IN RESIDENTIAL SECTOR 88
TABLE 27 UP TO 100 KW: HYBRID POWER SOLUTIONS MARKET, BY REGION, 2021–2028 (USD MILLION) 89
7.3 100 KW–1 MW 89
7.3.1 VERSATILITY AND ABILITY TO MEET SPECIFIC ENERGY NEEDS 89
TABLE 28 100 KW–1 MW: HYBRID POWER SOLUTIONS MARKET, BY REGION, 2021–2028 (USD MILLION) 89
7.4 ABOVE 1 MW 90
7.4.1 INCREASING INVESTMENTS IN LARGE-SCALE HYBRID POWER PLANTS 90
TABLE 29 ABOVE 1 MW: HYBRID POWER SOLUTIONS MARKET, BY REGION, 2021–2028 (USD MILLION) 90
8 HYBRID POWER SOLUTIONS MARKET, BY GRID CONNECTIVITY 91
8.1 INTRODUCTION 92
FIGURE 35 HYBRID POWER SOLUTIONS MARKET, BY GRID CONNECTIVITY, 2022 92
TABLE 30 HYBRID POWER SOLUTIONS MARKET, BY GRID CONNECTIVITY, 2021–2028 (USD MILLION) 92
8.2 ON-GRID 92
8.2.1 GROWING NEED TO REDUCE POWER PEAK DEMAND AND GREENHOUSE GAS EMISSIONS 92
TABLE 31 ON-GRID: HYBRID POWER SOLUTIONS MARKET, BY REGION, 2021–2028 (USD MILLION) 93
8.3 OFF-GRID 93
8.3.1 INCREASING REQUIREMENT FOR RELIABLE POWER IN REMOTE AREAS 93
TABLE 32 OFF-GRID: HYBRID POWER SOLUTIONS MARKET, BY REGION, 2021–2028 (USD MILLION) 93
9 HYBRID POWER SOLUTIONS MARKET, BY END USER 94
9.1 INTRODUCTION 95
FIGURE 36 HYBRID POWER SOLUTIONS MARKET, BY END USER, 2022 95
TABLE 33 HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION) 95
9.2 RESIDENTIAL 95
9.2.1 RISING NEED TO REDUCE RELIANCE ON TRADITIONAL GRID ELECTRICITY 95
TABLE 34 RESIDENTIAL: HYBRID POWER SOLUTIONS MARKET, BY REGION, 2021–2028 (USD MILLION) 96
9.3 COMMERCIAL 96
9.3.1 GROWING ADOPTION TO MEET ENERGY NEEDS AND REDUCE OPERATIONAL COSTS 96
TABLE 35 COMMERCIAL: HYBRID POWER SOLUTIONS MARKET, BY REGION, 2021–2028 (USD MILLION) 96
9.4 INDUSTRIAL 97
9.4.1 HIGH POWER REQUIREMENT IN REMOTE LOCATIONS 97
TABLE 36 INDUSTRIAL: HYBRID POWER SOLUTIONS MARKET, BY REGION, 2021–2028 (USD MILLION) 97
10 HYBRID POWER SOLUTIONS MARKET, BY REGION 98
10.1 INTRODUCTION 99
FIGURE 37 SOUTH AMERICAN HYBRID POWER SOLUTIONS MARKET TO REGISTER HIGHEST CAGR FROM 2023 TO 2028 99
FIGURE 38 HYBRID POWER SOLUTIONS MARKET, BY REGION, 2022 (%) 100
TABLE 37 HYBRID POWER SOLUTIONS MARKET, BY REGION, 2021–2028 (USD MILLION) 100
TABLE 38 HYBRID POWER SOLUTIONS MARKET, BY REGION, 2021–2028 (MW) 100
10.2 ASIA PACIFIC 101
FIGURE 39 ASIA PACIFIC: SNAPSHOT OF HYBRID POWER SOLUTIONS MARKET 102
10.2.1 ASIA PACIFIC: RECESSION IMPACT 102
10.2.2 BY SYSTEM TYPE 103
TABLE 39 ASIA PACIFIC: HYBRID POWER SOLUTIONS MARKET, BY SYSTEM TYPE, 2021–2028 (USD MILLION) 103
10.2.3 BY CAPACITY 103
TABLE 40 ASIA PACIFIC: HYBRID POWER SOLUTIONS MARKET, BY CAPACITY, 2021–2028 (USD MILLION) 103
10.2.4 BY END USER 104
TABLE 41 ASIA PACIFIC: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION) 104
10.2.5 BY GRID CONNECTIVITY 104
TABLE 42 ASIA PACIFIC: HYBRID POWER SOLUTIONS MARKET, BY GRID CONNECTIVITY, 2021–2028 (USD MILLION) 104
10.2.6 BY COUNTRY 104
TABLE 43 ASIA PACIFIC: HYBRID POWER SOLUTIONS MARKET, BY COUNTRY, 2021–2028 (USD MILLION) 104
10.2.6.1 China 105
10.2.6.1.1 Rising emphasis on diversifying energy sources and reducing reliance on traditional fossil fuels 105
TABLE 44 CHINA: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION) 105
10.2.6.2 India 105
10.2.6.2.1 Adoption of renewable energy and sustainable practices to address energy security and environmental concerns 105
TABLE 45 INDIA: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION) 106
10.2.6.3 Japan 106
10.2.6.3.1 Government-led policies, feed-in tariffs, and subsidies 106
TABLE 46 JAPAN: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION) 106
10.2.6.4 Australia 107
10.2.6.4.1 Abundance of renewable energy resources and electrification of remote off-grid locations 107
TABLE 47 AUSTRALIA: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION) 107
10.2.6.5 South Korea 107
10.2.6.5.1 Rapid industrialization and urbanization 107
TABLE 48 SOUTH KOREA: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION) 108
10.2.6.6 Taiwan 108
10.2.6.6.1 Presence of favorable government policies 108
TABLE 49 TAIWAN: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION) 108
10.2.6.7 Rest of Asia Pacific 108
TABLE 50 REST OF ASIA PACIFIC: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION) 109
10.3 MIDDLE EAST & AFRICA 109
FIGURE 40 MIDDLE EAST & AFRICA: SNAPSHOT OF HYBRID POWER SOLUTIONS MARKET 110
10.3.1 MIDDLE EAST & AFRICA: RECESSION IMPACT 110
10.3.2 BY SYSTEM TYPE 111
TABLE 51 MIDDLE EAST & AFRICA: HYBRID POWER SOLUTIONS MARKET, BY SYSTEM TYPE, 2021–2028 (USD MILLION) 111
10.3.3 BY CAPACITY 111
TABLE 52 MIDDLE EAST & AFRICA: HYBRID POWER SOLUTIONS MARKET, BY CAPACITY, 2021–2028 (USD MILLION) 111
10.3.4 BY END USER 111
TABLE 53 MIDDLE EAST & AFRICA: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION) 111
10.3.5 BY GRID CONNECTIVITY 112
TABLE 54 MIDDLE EAST & AFRICA: HYBRID POWER SOLUTIONS MARKET, BY GRID CONNECTIVITY, 2021–2028 (USD MILLION) 112
10.3.6 BY COUNTRY 112
TABLE 55 MIDDLE EAST & AFRICA: HYBRID POWER SOLUTIONS MARKET, BY COUNTRY, 2021–2028 (USD MILLION) 112
10.3.6.1 Egypt 112
10.3.6.1.1 Growing adoption of sustainable energy practices 112
TABLE 56 EGYPT: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION) 113
10.3.6.2 Nigeria 113
10.3.6.2.1 Renewable energy commitments 113
TABLE 57 NIGERIA: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION) 113
10.3.6.3 Senegal 114
10.3.6.3.1 Renewable energy initiatives to diversify energy sources, reduce carbon emissions, and enhance energy security 114
TABLE 58 SENEGAL: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION) 114
10.3.6.4 South Africa 114
10.3.6.4.1 Rapid urbanization and rising number of renewable energy projects 114
TABLE 59 SOUTH AFRICA: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION) 115
10.3.6.5 Rest of Middle East & Africa 115
TABLE 60 REST OF MIDDLE EAST & AFRICA: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION) 115
10.4 EUROPE 116
FIGURE 41 EUROPE: SNAPSHOT OF HYBRID POWER SOLUTIONS MARKET 116
10.4.1 RECESSION IMPACT: EUROPE 117
10.4.2 BY SYSTEM TYPE 117
TABLE 61 EUROPE: HYBRID POWER SOLUTIONS MARKET, BY SYSTEM TYPE, 2021–2028 (USD MILLION) 117
10.4.3 BY CAPACITY 117
TABLE 62 EUROPE: HYBRID POWER SOLUTIONS MARKET, BY CAPACITY, 2021–2028 (USD MILLION) 117
10.4.4 BY END USER 118
TABLE 63 EUROPE: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION) 118
10.4.5 BY GRID CONNECTIVITY 118
TABLE 64 EUROPE: HYBRID POWER SOLUTIONS MARKET, BY GRID CONNECTIVITY, 2021–2028 (USD MILLION) 118
10.4.6 BY COUNTRY 118
TABLE 65 EUROPE: HYBRID POWER SOLUTIONS MARKET, BY COUNTRY, 2021–2028 (USD MILLION) 118
10.4.6.1 UK 119
10.4.6.1.1 Strong commitment toward sustainable future and technological advancements 119
TABLE 66 UK: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION) 119
10.4.6.2 Germany 119
10.4.6.2.1 Shift toward renewable energy sources to decrease carbon emissions 119
TABLE 67 GERMANY: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION) 120
10.4.6.3 Sweden 120
10.4.6.3.1 Rising focus on reducing carbon emissions 120
TABLE 68 SWEDEN: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION) 120
10.4.6.4 France 120
10.4.6.4.1 Rising number of hybrid projects 120
TABLE 69 FRANCE: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION) 121
10.4.6.5 Netherlands 121
10.4.6.5.1 Advancements in hybrid power technologies 121
TABLE 70 NETHERLANDS: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION) 121
10.4.6.6 Spain 122
10.4.6.6.1 Declining costs of renewable energy technologies and favorable environment for solar-wind hybrid systems 122
TABLE 71 SPAIN: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION) 122
10.4.6.7 Rest of Europe 122
TABLE 72 REST OF EUROPE: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION) 123
10.5 NORTH AMERICA 123
10.5.1 NORTH AMERICA: RECESSION IMPACT 123
10.5.2 BY SYSTEM TYPE 124
TABLE 73 NORTH AMERICA: HYBRID POWER SOLUTIONS MARKET, BY SYSTEM TYPE, 2021–2028 (USD MILLION) 124
10.5.3 BY CAPACITY 124
TABLE 74 NORTH AMERICA: HYBRID POWER SOLUTIONS MARKET, BY CAPACITY, 2021–2028 (USD MILLION) 124
10.5.4 BY END USER 124
TABLE 75 NORTH AMERICA: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION) 124
10.5.5 BY GRID CONNECTIVITY 125
TABLE 76 NORTH AMERICA: HYBRID POWER SOLUTIONS MARKET, BY GRID CONNECTIVITY, 2021–2028 (USD MILLION) 125
10.5.6 BY COUNTRY 125
TABLE 77 NORTH AMERICA: HYBRID POWER SOLUTIONS MARKET, BY COUNTRY, 2021–2028 (USD MILLION) 125
10.5.6.1 US 125
10.5.6.1.1 Presence of sustainable energy landscape and increasing investments in hybrid projects 125
TABLE 78 US: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION) 126
10.5.6.2 Canada 126
10.5.6.2.1 Increasing investments in renewable energy sources attributed to supportive government policies, incentives, and grants 126
TABLE 79 CANADA: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION) 126
10.5.6.3 Mexico 127
10.5.6.3.1 Technological advancements and decreasing renewable energy costs 127
TABLE 80 MEXICO: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION) 127
10.6 SOUTH AMERICA 127
10.6.1 SOUTH AMERICA: RECESSION IMPACT 128
10.6.2 BY SYSTEM TYPE 128
TABLE 81 SOUTH AMERICA: HYBRID POWER SOLUTIONS MARKET, BY SYSTEM TYPE, 2021–2028 (USD MILLION) 128
10.6.3 BY CAPACITY 128
TABLE 82 SOUTH AMERICA: HYBRID POWER SOLUTIONS MARKET, BY CAPACITY, 2021–2028 (USD MILLION) 128
10.6.4 BY END USER 129
TABLE 83 SOUTH AMERICA: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION) 129
10.6.5 BY GRID CONNECTIVITY 129
TABLE 84 SOUTH AMERICA: HYBRID POWER SOLUTIONS MARKET, BY GRID CONNECTIVITY, 2021–2028 (USD MILLION) 129
10.6.6 BY COUNTRY 129
TABLE 85 SOUTH AMERICA: HYBRID POWER SOLUTIONS MARKET, BY COUNTRY, 2021–2028 (USD MILLION) 129
10.6.6.1 Brazil 130
10.6.6.1.1 Government-led regulations and initiatives to combat climate change 130
TABLE 86 BRAZIL: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION) 130
10.6.6.2 Chile 130
10.6.6.2.1 Rising focus on reducing dependence on imported fossil fuels 130
TABLE 87 CHILE: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION) 131
10.6.6.3 Rest of South America 131
TABLE 88 REST OF SOUTH AMERICA: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION) 131
11 COMPETITIVE LANDSCAPE 132
11.1 OVERVIEW 132
11.1.1 KEY STRATEGIES ADOPTED BY MAJOR PLAYERS 132
TABLE 89 HYBRID POWER SOLUTIONS MARKET: KEY STRATEGIES ADOPTED BY MAJOR PLAYERS, 2018–2022 132
11.2 MARKET SHARE ANALYSIS, 2022 133
FIGURE 42 HYBRID POWER SOLUTIONS MARKET SHARE ANALYSIS, 2022 134
11.3 REVENUE ANALYSIS, 2018–2022 134
FIGURE 43 HYBRID POWER SOLUTIONS MARKET: REVENUE ANALYSIS, 2018–2022 134
11.4 COMPANY EVALUATION MATRIX, 2022 135
11.4.1 STARS 135
11.4.2 PERVASIVE PLAYERS 135
11.4.3 EMERGING LEADERS 135
11.4.4 PARTICIPANTS 135
FIGURE 44 HYBRID POWER SOLUTIONS MARKET: COMPANY EVALUATION MATRIX, 2022 136
11.5 COMPETITIVE BENCHMARKING 137
TABLE 90 SYSTEM TYPE: COMPANY FOOTPRINT 137
TABLE 91 END USER: COMPANY FOOTPRINT 138
TABLE 92 CAPACITY: COMPANY FOOTPRINT 139
TABLE 93 GRID CONNECTIVITY: COMPANY FOOTPRINT 140
TABLE 94 REGION: COMPANY FOOTPRINT 141
TABLE 95 COMPANY FOOTPRINT 142
11.6 COMPETITIVE SCENARIOS AND TRENDS 143
TABLE 96 HYBRID POWER SOLUTIONS MARKET: PRODUCT LAUNCHES, JANUARY 2019–JANUARY 2023 143
TABLE 97 HYBRID POWER SOLUTIONS MARKET: DEALS, JANUARY 2019–JANUARY 2023 143
TABLE 98 HYBRID POWER SOLUTIONS MARKET: OTHERS, JANUARY 2019–JANUARY 2023 144
12 COMPANY PROFILES 145
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
12.1 KEY PLAYERS 145
12.1.1 VERTIV GROUP CORP. 145
TABLE 99 VERTIV GROUP CORP.: COMPANY OVERVIEW 145
FIGURE 45 VERTIV GROUP CORP.: COMPANY SNAPSHOT 146
TABLE 100 VERTIV GROUP CORP.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 146
12.1.2 GENERAL ELECTRIC 148
TABLE 101 GENERAL ELECTRIC: COMPANY OVERVIEW 148
FIGURE 46 GENERAL ELECTRIC: COMPANY SNAPSHOT 149
TABLE 102 GENERAL ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 150
TABLE 103 GENERAL ELECTRIC: PRODUCT LAUNCHES 150
TABLE 104 GENERAL ELECTRIC: DEALS 150
TABLE 105 GENERAL ELECTRIC: OTHERS 151
12.1.3 SIEMENS ENERGY 152
TABLE 106 SIEMENS ENERGY: COMPANY OVERVIEW 152
FIGURE 47 SIEMENS ENERGY: COMPANY SNAPSHOT 153
TABLE 107 SIEMENS ENERGY: PRODUCTS/SOLUTIONS/SERVICES OFFERED 153
TABLE 108 SIEMENS ENERGY: DEALS 154
12.1.4 VESTAS 155
TABLE 109 VESTAS: COMPANY OVERVIEW 155
FIGURE 48 VESTAS: COMPANY SNAPSHOT 156
TABLE 110 VESTAS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 156
TABLE 111 VESTAS: OTHERS 157
12.1.5 WÄRTSILÄ 158
TABLE 112 WÄRTSILÄ: COMPANY OVERVIEW 158
FIGURE 49 WÄRTSILÄ: COMPANY SNAPSHOT 159
TABLE 113 WÄRTSILÄ: PRODUCTS/SOLUTIONS/SERVICES OFFERED 160
TABLE 114 WÄRTSILÄ: PRODUCT LAUNCHES 160
TABLE 115 WÄRTSILÄ: DEALS 160
TABLE 116 WÄRTSILÄ: OTHERS 161
12.1.6 SMA SOLAR TECHNOLOGY AG 163
TABLE 117 SMA SOLAR TECHNOLOGY AG: COMPANY OVERVIEW 163
FIGURE 50 SMA SOLAR TECHNOLOGY AG: COMPANY SNAPSHOT 164
TABLE 118 SMA SOLAR TECHNOLOGY AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED 165
12.1.7 HUAWEI TECHNOLOGIES CO., LTD. 166
TABLE 119 HUAWEI TECHNOLOGIES CO., LTD.: COMPANY OVERVIEW 166
TABLE 120 HUAWEI TECHNOLOGIES CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 166
TABLE 121 HUAWEI TECHNOLOGIES CO. LTD.: PRODUCT LAUNCHES 167
12.1.8 ZTE CORPORATION 168
TABLE 122 ZTE CORPORATION: COMPANY OVERVIEW 168
FIGURE 51 ZTE CORPORATION: COMPANY SNAPSHOT 169
TABLE 123 ZTE CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 169
12.1.9 DELTA ELECTRONICS, INC. 170
TABLE 124 DELTA ELECTRONICS, INC.: COMPANY OVERVIEW 170
FIGURE 52 DELTA ELECTRONICS, INC.: COMPANY SNAPSHOT 171
TABLE 125 DELTA ELECTRONICS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 171
TABLE 126 DELTA ELECTRONICS, INC.: DEALS 172
12.1.10 LONGI 173
TABLE 127 LONGI: COMPANY OVERVIEW 173
FIGURE 53 LONGI: COMPANY SNAPSHOT 174
TABLE 128 LONGI: PRODUCTS/SOLUTIONS/SERVICES OFFERED 174
TABLE 129 LONGI: DEALS 175
12.1.11 CHINT GROUP 176
TABLE 130 CHINT GROUP: COMPANY OVERVIEW 176
TABLE 131 CHINT GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED 176
12.1.12 VERGNET SA 177
TABLE 132 VERGNET SA: COMPANY OVERVIEW 177
TABLE 133 VERGNET SA: PRODUCTS/SOLUTIONS/SERVICES OFFERED 177
12.1.13 FRONIUS INTERNATIONAL GMBH 178
TABLE 134 FRONIUS INTERNATIONAL GMBH: COMPANY OVERVIEW 178
TABLE 135 FRONIUS INTERNATIONAL GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED 178
12.1.14 PFISTERER HOLDING AG 179
TABLE 136 PFISTERER HOLDING AG: COMPANY OVERVIEW 179
TABLE 137 PFISTERER HOLDING AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED 179
12.1.15 MAN ENERGY SOLUTIONS 180
TABLE 138 MAN ENERGY SOLUTIONS: COMPANY OVERVIEW 180
TABLE 139 MAN ENERGY SOLUTIONS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 180
12.2 OTHER PLAYERS 181
12.2.1 DANVEST BV 181
12.2.2 SILVER POWER SYSTEMS 181
12.2.3 WUXI CHWAY TECHNOLOGY CO., LTD. 182
12.2.4 FOSHAN TANFON ENERGY CO., LTD. 182
12.2.5 CLEAR BLUE TECHNOLOGIES INC. 183
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
13 APPENDIX 184
13.1 INSIGHTS FROM INDUSTRY EXPERTS 184
13.2 DISCUSSION GUIDE 185
13.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 190
13.4 CUSTOMIZATION OPTIONS 192
13.5 RELATED REPORTS 192
13.6 AUTHOR DETAILS 193