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Hybrid Power Solutions Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global hybrid power solutions market grew at a CAGR of around 7% during 2015-2020. 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. Looking forward, IMARC Group expects the global hybrid power solutions market to exhibit moderate growth during the next five years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global hybrid power solutions market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, 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

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Hybrid Power Solutions Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by System Type
    6.1    Solar-Diesel
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Wind-Diesel
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Solar-Wind-Diesel
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Others
        6.4.1 Market Trends
        6.4.2 Market Forecast
7    Market Breakup by Power Rating
    7.1    Up to 10 KW
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    11 KW-100 KW
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Above 100 KW
        7.3.1 Market Trends
        7.3.2 Market Forecast
8    Market Breakup by End User
    8.1    Residential
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Commercial
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Others
        8.3.1 Market Trends
        8.3.2 Market Forecast
9    Market Breakup by Region
    9.1    North 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
    9.2    Asia-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
    9.3    Europe
        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
    9.4    Latin 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
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    AEG Power Solutions GmbH
            14.3.1.1 Company Overview
            14.3.1.2 Product Portfolio
        14.3.2    Delta Electronics Inc.
            14.3.2.1 Company Overview
            14.3.2.2 Product Portfolio
            14.3.2.3 Financials
        14.3.3    ENGIE EPS S.A.
            14.3.3.1 Company Overview
            14.3.3.2 Product Portfolio
            14.3.3.3 Financials
        14.3.4    Huawei Technologies Co. Ltd.
            14.3.4.1 Company Overview
            14.3.4.2 Product Portfolio
            14.3.4.3 SWOT Analysis
        14.3.5    Pfisterer Holding Aktiengesellschaft
            14.3.5.1 Company Overview
            14.3.5.2 Product Portfolio
            14.3.5.3 Financials
        14.3.6    Siemens AG
            14.3.6.1 Company Overview
            14.3.6.2 Product Portfolio
            14.3.6.3 Financials
            14.3.6.4 SWOT Analysis
        14.3.7    Silver Power Systems Ltd.
            14.3.7.1 Company Overview
            14.3.7.2 Product Portfolio
        14.3.8    SMA 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
        14.3.9    Vergnet SA
            14.3.9.1 Company Overview
            14.3.9.2 Product Portfolio
        14.3.10    ZTE Corporation
            14.3.10.1 Company Overview
            14.3.10.2 Product Portfolio
            14.3.10.3 Financials

List of Figures

Figure 1: Global: Hybrid Power Solutions Market: Major Drivers and Challenges
Figure 2: Global: Hybrid Power Solutions Market: Sales Value (in Million US$), 2015-2020
Figure 3: Global: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 4: Global: Hybrid Power Solutions Market: Breakup by System Type (in %), 2020
Figure 5: Global: Hybrid Power Solutions Market: Breakup by Power Rating (in %), 2020
Figure 6: Global: Hybrid Power Solutions Market: Breakup by End User (in %), 2020
Figure 7: Global: Hybrid Power Solutions Market: Breakup by Region (in %), 2020
Figure 8: Global: Hybrid Power Solutions (Solar-Diesel) Market: Sales Value (in Million US$), 2015-2020
Figure 9: Global: Hybrid Power Solutions (Solar-Diesel) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 10: Global: Hybrid Power Solutions (Wind-Diesel) Market: Sales Value (in Million US$), 2015-2020
Figure 11: Global: Hybrid Power Solutions (Wind-Diesel) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Hybrid Power Solutions (Solar-Wind-Diesel) Market: Sales Value (in Million US$), 2015-2020
Figure 13: Global: Hybrid Power Solutions (Solar-Wind-Diesel) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Hybrid Power Solutions (Others) Market: Sales Value (in Million US$), 2015-2020
Figure 15: Global: Hybrid Power Solutions (Others) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Hybrid Power Solutions (Up to 10 KW) Market: Sales Value (in Million US$), 2015-2020
Figure 17: Global: Hybrid Power Solutions (Up to 10 KW) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Hybrid Power Solutions (11 KW-100 KW) Market: Sales Value (in Million US$), 2015-2020
Figure 19: Global: Hybrid Power Solutions (11 KW-100 KW) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Hybrid Power Solutions (Above 100 KW) Market: Sales Value (in Million US$), 2015-2020
Figure 21: Global: Hybrid Power Solutions (Above 100 KW) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Hybrid Power Solutions (Residential) Market: Sales Value (in Million US$), 2015-2020
Figure 23: Global: Hybrid Power Solutions (Residential) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Hybrid Power Solutions (Commercial) Market: Sales Value (in Million US$), 2015-2020
Figure 25: Global: Hybrid Power Solutions (Commercial) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Global: Hybrid Power Solutions (Others) Market: Sales Value (in Million US$), 2015-2020
Figure 27: Global: Hybrid Power Solutions (Others) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: North America: Hybrid Power Solutions Market: Sales Value (in Million US$), 2015-2020
Figure 29: North America: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: North America: Hybrid Power Solutions Market: Breakup by Country (in %), 2020
Figure 31: United States: Hybrid Power Solutions Market: Sales Value (in Million US$), 2015-2020
Figure 32: United States: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: Canada: Hybrid Power Solutions Market: Sales Value (in Million US$), 2015-2020
Figure 34: Canada: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: Asia-Pacific: Hybrid Power Solutions Market: Sales Value (in Million US$), 2015-2020
Figure 36: Asia-Pacific: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: Asia-Pacific: Hybrid Power Solutions Market: Breakup by Country (in %), 2020
Figure 38: China: Hybrid Power Solutions Market: Sales Value (in Million US$), 2015-2020
Figure 39: China: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: Japan: Hybrid Power Solutions Market: Sales Value (in Million US$), 2015-2020
Figure 41: Japan: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: India: Hybrid Power Solutions Market: Sales Value (in Million US$), 2015-2020
Figure 43: India: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: South Korea: Hybrid Power Solutions Market: Sales Value (in Million US$), 2015-2020
Figure 45: South Korea: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: Australia: Hybrid Power Solutions Market: Sales Value (in Million US$), 2015-2020
Figure 47: Australia: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: Indonesia: Hybrid Power Solutions Market: Sales Value (in Million US$), 2015-2020
Figure 49: Indonesia: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: Others: Hybrid Power Solutions Market: Sales Value (in Million US$), 2015-2020
Figure 51: Others: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: Europe: Hybrid Power Solutions Market: Sales Value (in Million US$), 2015-2020
Figure 53: Europe: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: Europe: Hybrid Power Solutions Market: Breakup by Country (in %), 2020
Figure 55: Germany: Hybrid Power Solutions Market: Sales Value (in Million US$), 2015-2020
Figure 56: Germany: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 57: France: Hybrid Power Solutions Market: Sales Value (in Million US$), 2015-2020
Figure 58: France: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 59: United Kingdom: Hybrid Power Solutions Market: Sales Value (in Million US$), 2015-2020
Figure 60: United Kingdom: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 61: Italy: Hybrid Power Solutions Market: Sales Value (in Million US$), 2015-2020
Figure 62: Italy: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 63: Spain: Hybrid Power Solutions Market: Sales Value (in Million US$), 2015-2020
Figure 64: Spain: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 65: Russia: Hybrid Power Solutions Market: Sales Value (in Million US$), 2015-2020
Figure 66: Russia: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 67: Others: Hybrid Power Solutions Market: Sales Value (in Million US$), 2015-2020
Figure 68: Others: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 69: Latin America: Hybrid Power Solutions Market: Sales Value (in Million US$), 2015-2020
Figure 70: Latin America: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 71: Latin America: Hybrid Power Solutions Market: Breakup by Country (in %), 2020
Figure 72: Brazil: Hybrid Power Solutions Market: Sales Value (in Million US$), 2015-2020
Figure 73: Brazil: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 74: Mexico: Hybrid Power Solutions Market: Sales Value (in Million US$), 2015-2020
Figure 75: Mexico: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 76: Others: Hybrid Power Solutions Market: Sales Value (in Million US$), 2015-2020
Figure 77: Others: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 78: Middle East and Africa: Hybrid Power Solutions Market: Sales Value (in Million US$), 2015-2020
Figure 79: Middle East and Africa: Hybrid Power Solutions Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 80: Middle East and Africa: Hybrid Power Solutions Market: Breakup by Country (in %), 2020
Figure 81: Global: Hybrid Power Solutions Industry: SWOT Analysis
Figure 82: Global: Hybrid Power Solutions Industry: Value Chain Analysis
Figure 83: Global: Hybrid Power Solutions Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Hybrid Power Solutions Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Hybrid Power Solutions Market Forecast: Breakup by System Type (in Million US$), 2021-2026
Table 3: Global: Hybrid Power Solutions Market Forecast: Breakup by Power Rating (in Million US$), 2021-2026
Table 4: Global: Hybrid Power Solutions Market Forecast: Breakup by End User (in Million US$), 2021-2026
Table 5: Global: Hybrid Power Solutions Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 6: Global: Hybrid Power Solutions Market: Competitive Structure
Table 7: Global: Hybrid Power Solutions Market: Key Players

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