MarkWide Research

Sale!

Hybrid Solar Wind Energy Storage Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2022-2030

Published Date: October, 2022
No of Pages: 159
Delivery Format: PDF+Excel

$2,950.00

Industry Trends

Hybrid Solar Wind Energy Storage Market size for 2016 was over USD 1 billion and the cumulative capacity is set to exceed 1 GW by 2024.

Increasing demand for reliable and uninterrupted power supply will drive the hybrid solar wind energy storage market size.  Growing concerns toward ineffective grid infrastructure along with demand supply mismatch primarily across developing economies will augment the industry landscape. Growing demand for clean energy, deployment of smart grid networks, and the need to ensure reliability and stability of RE systems have led to the adoption of these systems.

Favourable government initiatives toward the deployment of sustainable technologies along with robust economic growth primarily across Asia Pacific and Africa will boost the hybrid solar wind energy storage market growth. Growing consumer awareness toward the adoption of sustainable energy mix will favour the business growth. The Government of China has introduced numerous financial incentives, schemes, and subsidies to attract new investments in the country.

Hybrid Solar Wind Energy Storage Market, By Product

Standalone system is anticipated to witness growth over 5% by 2024. Renewable capacity addition targets along with favourable government incentives to promote the adoption of sustainable systems will boost the hybrid solar wind energy storage market. As per Ministry of New and Renewable Energy (MNRE) the total capacity addition target from renewables for year 2018 is 14,450 MW.

Grid connected systems are predicted witness strong growth on account of growing measures toward uninterrupted power supply. Grid stabilization potential, high capacity generation and effective capacity utilization factor are the key parameters that will fuel the hybrid solar wind energy storage market growth.

Hybrid Solar Wind Energy Storage Market, By End Use

Residential hybrid solar wind energy storage market size is predicted to grow over 7% by 2024. Ongoing electrification program across developing economies along with growing awareness toward the adoption of RE systems will stimulate the industry growth. As per National Renewable Energy Laboratory, the Township Electrification Program have facilitated almost 97% of Chinese households with renewable energy.

Growing measures toward the adoption of sustainable systems to execute the industrial operations coupled with stringent norms toward emissions reduction will boost the hybrid solar wind energy storage market. As per European environment agency, the electricity consumption across Europe increased by 26.4% in last decade accounting for 2.4% increase by industrial sector.

Hybrid Solar Wind Energy Storage Market, By Region

U.S. hybrid solar wind energy storage market share is predicted to witness strong growth on account of shifting focus toward renewable energy integration. Increasing electricity demand owing to rapid industrialization and commercialization will fuel the industry growth. In 2015, the Invenergy announced operation Grand Ridge Energy Storage project in the U.S with capacity of 31.5 MW. The project is located at Grand Ridge Energy Centre, which includes 20 MW of solar, 210 MW of wind and 1.5 MW of energy storage unit.

Ongoing technological advancements coupled with declining prices of storage systems will fuel the UK hybrid solar wind energy storage market. Abundant availability of wind and solar energy along with compatible geographical conditions will stimulate the business growth. Government initiatives to promote renewable energy across the nation will further boost the industry landscape. The EU Renewable Energy Directive (Directive 2009/28/EC) introduced the target of 20% final energy consumption from renewable sources by 2020.

Rapid urbanization coupled with the need for reliable grid infrastructure will augment the China hybrid solar wind energy storage market. Rising investments toward the deployment of sustainable technologies with an aim to meet the growing electricity demand will augment the industry landscape. As of 2017, the Zhangbei National Wind and Solar Energy Storage and Transmission Demonstration Project accounts for 18 MW of storage capacity with overall capacity exceeding 200 MW.

Competitive Market Share

Notable hybrid solar wind energy storage market participants include ReGen Powertech, General Electric, Vestas, Siemens Gamesa, Vattenfall AB, Goldwind, Suzlon, Alpha Windmills, Blue Pacific Solar, Zenith Solar, Unitron Energy, Polar Power, Grupo Dragon, Tesla and A123 Systems.

Major players across industry are focussing on mergers and collaborations as a part of their strategic move towards product development. Siemens collaborated with AES with an objective to form a new energy storage company. The joint venture, Fluence, will integrate AES’ operational excellence in utility-scale storage with Siemens’ engineering & sales resources.

Hybrid Solar Wind Energy Storage Industry Background

Hybrid solar wind energy storage system is a combination of solar PV module, wind turbine and storage system to store the energy generated from both the sources. The system possesses improved efficiency and reliability along with the capability to mitigate carbon footprints. Government initiatives toward the adoption of sustainable technologies to meet the growing electricity demand is anticipated to be a key factor propelling industry growth.

Chapter 1   Methodology & Scope

1.1   Methodology

1.1.1    Initial data exploration

1.1.2    Statistical model and forecast

1.1.3    Industry insights and validation

1.1.4    Market definition and forecast parameters

1.2   Data Sources

1.2.1    Secondary

1.2.2    Primary

Chapter 2   Executive Summary

2.1   Hybrid solar wind energy storage 3600 synopsis, 2013 – 2024

2.1.1    Business trends

2.1.2    Product trends

2.1.3    End use trends

2.1.4    Regional trends

Chapter 3   Hybrid Solar Wind Energy Storage Industry Insights

3.1   Industry segmentation

3.2   Industry landscape, 2013 – 2024

3.3   Industry ecosystem analysis

3.3.1    Vendor matrix

3.4   Innovation & sustainability

3.5   Regulatory landscape

3.5.1    U.S.

3.5.2    India

3.5.3    Europe

3.5.3.1   France

3.5.3.2   Germany

3.5.3.3   UK

3.5.4    Australia

3.5.5    China

3.5.6    South Africa

3.5.7    Chile

3.5.8    International Battery Standards and Testing

3.5.9    International hybrid grid standards

3.6   Industry impact forces

3.6.1    Growth drivers

3.6.1.1   Enhanced power quality and security of supply

3.6.1.2   Improved system efficiency and longevity

3.6.1.3   Growing electricity demand

3.6.1.4   Positive outlook towards renewable energy

3.6.1.5   Increasing off-grid electricity demand

3.6.2    Industry pitfalls and challenges

3.6.2.1   High initial investment

3.7   Price trend analysis

3.7.1    Normalized price trend

3.7.2    Price trend analysis, by battery

3.8   Growth potential analysis

3.9   Porter’s Analysis

3.10    Competitive landscape, 2016

3.10.1   Strategy dashboard

3.10.1.1    Siemens AG

3.10.1.2    Vestas

3.10.1.3    GE

3.11    PESTEL Analysis

3.12    Renewable energy storage trends & outlook

Chapter 4   Hybrid Solar Wind Energy Storage Market, By Product

4.1   Hybrid solar wind energy storage market share by product, 2016 & 2024

4.2   Standalone

4.2.1    Global market from standalone, 2013 – 2024

4.2.2    Global market from standalone, by region, 2013 – 2024

4.3   Grid connected

4.3.1    Global market from grid connected, 2013 – 2024

4.3.2    Global market from grid connected, by region, 2013 – 2024

Chapter 5   Hybrid Solar Wind Energy Storage Market, By End Use

5.1   Hybrid solar wind energy storage market share by end use, 2016 & 2024

5.2   Residential

5.2.1    Global market from residential, 2013 – 2024

5.2.2    Global market from residential, by region, 2013 – 2024

5.3   Commercial

5.3.1    Global market from commercial, 2013 – 2024

5.3.2    Global market from commercial, by region, 2013 – 2024

5.4   Utility/Industrial

5.4.1    Global market from utility/industrial, 2013 – 2024

5.4.2    Global market from utility/industrial, by region, 2013 – 2024

Chapter 6   Hybrid Solar Wind Energy Storage Market, By Region

6.1   Hybrid solar wind energy storage market share by region, 2016 & 2024

6.2   North America

6.2.1    North America market, 2013 – 2024

6.2.2    North America market by product, 2013 – 2024

6.2.3    North America market by end use, 2013 – 2024

6.2.4    U.S.

6.2.4.1   U.S. market, 2013 – 2024

6.2.4.2   U.S. market by product, 2013 – 2024

6.2.4.3   U.S. market by end use, 2013 – 2024

6.2.5    Canada

6.2.5.1   Canada market, 2013 – 2024

6.2.5.2   Canada market by product, 2013 – 2024

6.2.5.3   Canada market by end use, 2013 – 2024

6.3   Europe

6.3.1    Europe market, 2013 – 2024

6.3.2    Europe market by product, 2013 – 2024

6.3.3    Europe market by end use, 2013 – 2024

6.3.4    UK

6.3.4.1   UK market, 2013 – 2024

6.3.4.2   UK market by product, 2013 – 2024

6.3.4.3   UK market by end use, 2013 – 2024

6.3.5    Germany

6.3.5.1   Germany market, 2013 – 2024

6.3.5.2   Germany market by product, 2013 – 2024

6.3.5.3   Germany market by end use, 2013 – 2024

6.4   Asia-Pacific

6.4.1    Asia-Pacific market, 2013 – 2024

6.4.2    Asia-Pacific market by product, 2013 – 2024

6.4.3    Asia-Pacific market by end use, 2013 – 2024

6.4.4    China

6.4.4.1   China market, 2013 – 2024

6.4.4.2   China market by product, 2013 – 2024

6.4.4.3   China market by end use, 2013 – 2024

6.4.5    India

6.4.5.1   India market, 2013 – 2024

6.4.5.2   India market by product, 2013 – 2024

6.4.5.3   India market by end use, 2013 – 2024

6.4.6    Australia

6.4.6.1   Australia market, 2013 – 2024

6.4.6.2   Australia market by product, 2013 – 2024

6.4.6.3   Australia market by end use, 2013 – 2024

6.4.7    Japan

6.4.7.1   Japan market, 2013 – 2024

6.4.7.2   Japan market by product, 2013 – 2024

6.4.7.3   Japan market by end use, 2013 – 2024

6.5   Latin America

6.5.1    Latin America market, 2013 – 2024

6.5.2    Latin America market by product, 2013 – 2024

6.5.3    Latin America market by end use, 2013 – 2024

6.5.4    Brazil

6.5.4.1   Brazil market, 2013 – 2024

6.5.4.2   Brazil market by product, 2013 – 2024

6.5.4.3   Brazil market by end use, 2013 – 2024

6.5.5    Chile

6.5.5.1   Chile market, 2013 – 2024

6.5.5.2   Chile market by product, 2013 – 2024

6.5.5.3   Chile market by end use, 2013 – 2024

6.6   Rest of World

6.6.1    Rest of World market, 2013 – 2024

6.6.2    Rest of World market by product, 2013 – 2024

6.6.3    Rest of World market by end use, 2013 – 2024

Chapter 7   Company Profiles

7.1   ReGen Powertech

7.1.1    Business Overview

7.1.2    Financial Data

7.1.3    Product Landscape

7.1.4    Strategic Outlook

7.1.5    SWOT Analysis

7.2   General Electric

7.2.1    Business Overview

7.2.2    Financial Data

7.2.3    Product Landscape

7.2.4    Strategic Outlook

7.2.5    SWOT Analysis

7.3   Siemens Gamesa Renewable Energy

7.3.1    Business Overview

7.3.2    Financial Data

7.3.3    Product Landscape

7.3.4    Strategic Outlook

7.3.5    SWOT Analysis

7.4   Vestas

7.4.1    Business Overview

7.4.2    Financial Data

7.4.3    Product Landscape

7.4.4    Strategic Outlook

7.4.5    SWOT Analysis

7.5   Vattenfall AB

7.5.1    Business Overview

7.5.2    Financial Data

7.5.3    Product Landscape

7.5.4    Strategic Outlook

7.5.5    SWOT Analysis

7.6   Goldwind

7.6.1    Business Overview

7.6.2    Financial Data

7.6.3    Product Landscape

7.6.4    Strategic Outlook

7.6.5    SWOT Analysis

7.7   Suzlon Energy Limited

7.7.1    Business Overview

7.7.2    Financial Data

7.7.3    Product Landscape

7.7.4    Strategic Outlook

7.7.5    SWOT Analysis

7.8   Alpha Windmills

7.8.1    Business Overview

7.8.2    Financial Data

7.8.3    Product Landscape

7.8.4    SWOT Analysis

7.9   Blue Pacific Solar Products

7.9.1    Business Overview

7.9.2    Financial Data

7.9.3    Product Landscape

7.9.4    SWOT Analysis

7.10    Zenith Solar Systems

7.10.1   Business Overview

7.10.2   Financial Data

7.10.3   Product Landscape

7.10.4   SWOT Analysis

7.11    UNITRON Energy System

7.11.1   Business Overview

7.11.2   Financial Data

7.11.3   Product Landscape

7.11.4   SWOT Analysis

7.12    Alternate Energy Company

7.12.1   Business Overview

7.12.2   Financial Data

7.12.3   Product Landscape

7.12.4   SWOT Analysis

7.13    Supernova Technologies Private Limited

7.13.1   Business Overview

7.13.2   Financial Data

7.13.3   Product Landscape

7.13.4   SWOT Analysis

7.14    Polar Power Inc.

7.14.1   Business Overview

7.14.2   Financial Data

7.14.3   Product Landscape

7.14.4   Strategic Outlook

7.14.5   SWOT Analysis

7.15    Grupo Dragon

7.15.1   Business Overview

7.15.2   Financial Data

7.15.3   Product Landscape

7.15.4   Strategic Outlook

7.15.5   SWOT Analysis

7.16    Tesla

7.16.1   Business Overview

7.16.2   Financial Data

7.16.3   Product Landscape

7.16.4   Strategic Outlook

7.16.5   SWOT Analysis

7.17    A123 systems, LLC

7.17.1   Business Overview

7.17.2   Financial Data

7.17.3   Product Landscape

7.17.4   Strategic Outlook

7.17.5   SWOT Analysis

7.18    Automotive Energy Supply Corporation (AESC)

7.18.1   Business Overview

7.18.2   Financial Data

7.18.3   Product Landscape

7.18.4   Strategic Outlook

7.18.5   SWOT Analysis

Data Tables

TABLE 1    Hybrid solar wind energy storage 3600 synopsis, 2013 – 2024

TABLE 2    Global market, 2013 – 2016, (Capacity & Revenue)

TABLE 3    Global market, 2017 – 2024, (Capacity & Revenue)

TABLE 4    Global market by product, 2013 – 2016, (MW)

TABLE 5    Global market by product, 2017 – 2024, (MW)

TABLE 6    Global market by product, 2013 – 2016, (USD Million)

TABLE 7    Global market by product, 2017 – 2024, (USD Million)

TABLE 8    Global market by end use, 2013 – 2016, (MW)

TABLE 9    Global market by end use, 2017 – 2024, (MW)

TABLE 10    Global market by end use, 2013 – 2016, (USD Million)

TABLE 11    Global market by end use, 2017 – 2024, (USD Million)

TABLE 12    Global market by region, 2013 – 2016, (MW)

TABLE 13    Global market by region, 2017 – 2024, (MW)

TABLE 14    Global market by region, 2013 – 2016, (USD Million)

TABLE 15    Global market by region, 2017 – 2024, (USD Million)

TABLE 16    Industry impact forces

TABLE 17    Global market from standalone, 2013 – 2016 (Capacity & Revenue)

TABLE 18    Global market from standalone, 2017 – 2024 (Capacity & Revenue)

TABLE 19    Global market from standalone, by region, 2013 – 2016 (MW)

TABLE 20    Global market from standalone, by region, 2017 – 2024 (MW)

TABLE 21    Global market from standalone, by region, 2013 – 2016 (USD Million)

TABLE 22    Global market from standalone, by region, 2017 – 2024 (USD Million)

TABLE 23    Global market from grid connected, 2013 – 2016 (Capacity & Revenue)

TABLE 24    Global market from grid connected, 2017 – 2024 (Capacity & Revenue)

TABLE 25    Global market from grid connected, by region, 2013 – 2016 (MW)

TABLE 26    Global market from grid connected, by region, 2017 – 2024 (MW)

TABLE 27    Global market from grid connected, by region, 2013 – 2016 (USD Million)

TABLE 28    Global market from grid connected, by region, 2017 – 2024 (USD Million)

TABLE 29    Global market from residential, 2013 – 2016 (Capacity & Revenue)

TABLE 30    Global market from residential, 2017 – 2024 (Capacity & Revenue)

TABLE 31    Global market from residential, by region, 2013 – 2016 (MW)

TABLE 32    Global market from residential, by region, 2017 – 2024 (MW)

TABLE 33    Global market from residential, by region, 2013 – 2016 (USD Million)

TABLE 34    Global market from residential, by region, 2017 – 2024 (USD Million)

TABLE 35    Global market from commercial, 2013 – 2016 (Capacity & Revenue)

TABLE 36    Global market from commercial, 2017 – 2024 (Capacity & Revenue)

TABLE 37    Global market from commercial, by region, 2013 – 2016 (MW)

TABLE 38    Global market from commercial, by region, 2017 – 2024 (MW)

TABLE 39    Global market from commercial, by region, 2013 – 2016 (USD Million)

TABLE 40    Global market from commercial, by region, 2017 – 2024 (USD Million)

TABLE 41    Global market from utility/industrial, 2013 – 2016 (Capacity & Revenue)

TABLE 42    Global market from utility/industrial, 2017 – 2024 (Capacity & Revenue)

TABLE 43    Global market from utility/industrial, by region, 2013 – 2016 (MW)

TABLE 44    Global market from utility/industrial, by region, 2017 – 2024 (MW)

TABLE 45    Global market from utility/industrial, by region, 2013 – 2016 (USD Million)

TABLE 46    Global market from utility/industrial, by region, 2017 – 2024 (USD Million)

TABLE 47    North America market, 2013 – 2016, (Capacity & Revenue)

TABLE 48    North America market, 2017 – 2024, (Capacity & Revenue)

TABLE 49    North America market by product, 2013 – 2016, (MW)

TABLE 50    North America market by product, 2017 – 2024, (MW)

TABLE 51    North America market by product, 2013 – 2016, (USD Million)

TABLE 52    North America market by product, 2017 – 2024, (USD Million)

TABLE 53    North America market by end use, 2013 – 2016, (MW)

TABLE 54    North America market by end use, 2017 – 2024, (MW)

TABLE 55    North America market by end use, 2013 – 2016, (USD Million)

TABLE 56    North America market by end use, 2017 – 2024, (USD Million)

TABLE 57    U.S. market, 2013 – 2016, (Capacity & Revenue)

TABLE 58    U.S. market, 2017 – 2024, (Capacity & Revenue)

TABLE 59    U.S. market by product, 2013 – 2016, (MW)

TABLE 60    U.S. market by product, 2017 – 2024, (MW)

TABLE 61    U.S. market by product, 2013 – 2016, (USD Million)

TABLE 62    U.S. market by product, 2017 – 2024, (USD Million)

TABLE 63    U.S. market by end use, 2013 – 2016, (MW)

TABLE 64    U.S. market by end use, 2017 – 2024, (MW)

TABLE 65    U.S. market by end use, 2013 – 2016, (USD Million)

TABLE 66    U.S. market by end use, 2017 – 2024, (USD Million)

TABLE 67    Canada market, 2013 – 2016, (Capacity & Revenue)

TABLE 68    Canada market, 2017 – 2024, (Capacity & Revenue)

TABLE 69    Canada market by product, 2013 – 2016, (MW)

TABLE 70    Canada market by product, 2017 – 2024, (MW)

TABLE 71    Canada market by product, 2013 – 2016, (USD Million)

TABLE 72    Canada market by product, 2017 – 2024, (USD Million)

TABLE 73    Canada market by end use, 2013 – 2016, (MW)

TABLE 74    Canada market by end use, 2017 – 2024, (MW)

TABLE 75    Canada market by end use, 2013 – 2016, (USD Million)

TABLE 76    Canada market by end use, 2017 – 2024, (USD Million)

TABLE 77    Europe market, 2013 – 2016, (Capacity & Revenue)

TABLE 78    Europe market, 2017 – 2024, (Capacity & Revenue)

TABLE 79    Europe market by product, 2013 – 2016, (MW)

TABLE 80    Europe market by product, 2017 – 2024, (MW)

TABLE 81    Europe market by product, 2013 – 2016, (USD Million)

TABLE 82    Europe market by product, 2017 – 2024, (USD Million)

TABLE 83    Europe market by end use, 2013 – 2016, (MW)

TABLE 84    Europe market by end use, 2017 – 2024, (MW)

TABLE 85    Europe market by end use, 2013 – 2016, (USD Million)

TABLE 86    Europe market by end use, 2017 – 2024, (USD Million)

TABLE 87    UK market, 2013 – 2016, (Capacity & Revenue)

TABLE 88    UK market, 2017 – 2024, (Capacity & Revenue)

TABLE 89    UK market by product, 2013 – 2016, (MW)

TABLE 90    UK market by product, 2017 – 2024, (MW)

TABLE 91    UK market by product, 2013 – 2016, (USD Million)

TABLE 92    UK market by product, 2017 – 2024, (USD Million)

TABLE 93    UK market by end use, 2013 – 2016, (MW)

TABLE 94    UK market by end use, 2017 – 2024, (MW)

TABLE 95    UK market by end use, 2013 – 2016, (USD Million)

TABLE 96    UK market by end use, 2017 – 2024, (USD Million)

TABLE 97    Germany market, 2013 – 2016, (Capacity & Revenue)

TABLE 98    Germany market, 2017 – 2024, (Capacity & Revenue)

TABLE 99    Germany market by product, 2013 – 2016, (MW)

TABLE 100    Germany market by product, 2017 – 2024, (MW)

TABLE 101    Germany market by product, 2013 – 2016, (USD Million)

TABLE 102    Germany market by product, 2017 – 2024, (USD Million)

TABLE 103    Germany market by end use, 2013 – 2016, (MW)

TABLE 104    Germany market by end use, 2017 – 2024, (MW)

TABLE 105    Germany market by end use, 2013 – 2016, (USD Million)

TABLE 106    Germany market by end use, 2017 – 2024, (USD Million)

TABLE 107    Asia-Pacific market, 2013 – 2016, (Capacity & Revenue)

TABLE 108    Asia-Pacific market, 2017 – 2024, (Capacity & Revenue)

TABLE 109    Asia-Pacific market by product, 2013 – 2016, (MW)

TABLE 110    Asia-Pacific market by product, 2017 – 2024, (MW)

TABLE 111    Asia-Pacific market by product, 2013 – 2016, (USD Million)

TABLE 112    Asia-Pacific market by product, 2017 – 2024, (USD Million)

TABLE 113    Asia-Pacific market by end use, 2013 – 2016, (MW)

TABLE 114    Asia-Pacific market by end use, 2017 – 2024, (MW)

TABLE 115    Asia-Pacific market by end use, 2013 – 2016, (USD Million)

TABLE 116    Asia-Pacific market by end use, 2017 – 2024, (USD Million)

TABLE 117    China market, 2013 – 2016, (Capacity & Revenue)

TABLE 118    China market, 2017 – 2024, (Capacity & Revenue)

TABLE 119    China market by product, 2013 – 2016, (MW)

TABLE 120    China market by product, 2017 – 2024, (MW)

TABLE 121    China market by product, 2013 – 2016, (USD Million)

TABLE 122    China market by product, 2017 – 2024, (USD Million)

TABLE 123    China market by end use, 2013 – 2016, (MW)

TABLE 124    China market by end use, 2017 – 2024, (MW)

TABLE 125    China market by end use, 2013 – 2016, (USD Million)

TABLE 126    China market by end use, 2017 – 2024, (USD Million)

TABLE 127    India market, 2013 – 2016, (Capacity & Revenue)

TABLE 128    India market, 2017 – 2024, (Capacity & Revenue)

TABLE 129    India market by product, 2013 – 2016, (MW)

TABLE 130    India market by product, 2017 – 2024, (MW)

TABLE 131    India market by product, 2013 – 2016, (USD Million)

TABLE 132    India market by product, 2017 – 2024, (USD Million)

TABLE 133    India market by end use, 2013 – 2016, (MW)

TABLE 134    India market by end use, 2017 – 2024, (MW)

TABLE 135    India market by end use, 2013 – 2016, (USD Million)

TABLE 136    India market by end use, 2017 – 2024, (USD Million)

TABLE 137    Australia market, 2013 – 2016, (Capacity & Revenue)

TABLE 138    Australia market, 2017 – 2024, (Capacity & Revenue)

TABLE 139    Australia market by product, 2013 – 2016, (MW)

TABLE 140    Australia market by product, 2017 – 2024, (MW)

TABLE 141    Australia market by product, 2013 – 2016, (USD Million)

TABLE 142    Australia market by product, 2017 – 2024, (USD Million)

TABLE 143    Australia market by end use, 2013 – 2016, (MW)

TABLE 144    Australia market by end use, 2017 – 2024, (MW)

TABLE 145    Australia market by end use, 2013 – 2016, (USD Million)

TABLE 146    Australia market by end use, 2017 – 2024, (USD Million)

TABLE 147    Japan market, 2013 – 2016, (Capacity & Revenue)

TABLE 148    Japan market, 2017 – 2024, (Capacity & Revenue)

TABLE 149    Japan market by product, 2013 – 2016, (MW)

TABLE 150    Japan market by product, 2017 – 2024, (MW)

TABLE 151    Japan market by product, 2013 – 2016, (USD Million)

TABLE 152    Japan market by product, 2017 – 2024, (USD Million)

TABLE 153    Japan market by end use, 2013 – 2016, (MW)

TABLE 154    Japan market by end use, 2017 – 2024, (MW)

TABLE 155    Japan market by end use, 2013 – 2016, (USD Million)

TABLE 156    Japan market by end use, 2017 – 2024, (USD Million)

TABLE 157    Latin America market, 2013 – 2016, (Capacity & Revenue)

TABLE 158    Latin America market, 2017 – 2024, (Capacity & Revenue)

TABLE 159    Latin America market by product, 2013 – 2016, (MW)

TABLE 160    Latin America market by product, 2017 – 2024, (MW)

TABLE 161    Latin America market by product, 2013 – 2016, (USD Million)

TABLE 162    Latin America market by product, 2017 – 2024, (USD Million)

TABLE 163    Latin America market by end use, 2013 – 2016, (MW)

TABLE 164    Latin America market by end use, 2017 – 2024, (MW)

TABLE 165    Latin America market by end use, 2013 – 2016, (USD Million)

TABLE 166    Latin America market by end use, 2017 – 2024, (USD Million)

TABLE 167    Brazil market, 2013 – 2016, (Capacity & Revenue)

TABLE 168    Brazil market, 2017 – 2024, (Capacity & Revenue)

TABLE 169    Brazil market by product, 2013 – 2016, (MW)

TABLE 170    Brazil market by product, 2017 – 2024, (MW)

TABLE 171    Brazil market by product, 2013 – 2016, (USD Million)

TABLE 172    Brazil market by product, 2017 – 2024, (USD Million)

TABLE 173    Brazil market by end use, 2013 – 2016, (MW)

TABLE 174    Brazil market by end use, 2017 – 2024, (MW)

TABLE 175    Brazil market by end use, 2013 – 2016, (USD Million)

TABLE 176    Brazil market by end use, 2017 – 2024, (USD Million)

TABLE 177    Chile market, 2013 – 2016, (Capacity & Revenue)

TABLE 178    Chile market, 2017 – 2024, (Capacity & Revenue)

TABLE 179    Chile market by product, 2013 – 2016, (MW)

TABLE 180    Chile market by product, 2017 – 2024, (MW)

TABLE 181    Chile market by product, 2013 – 2016, (USD Million)

TABLE 182    Chile market by product, 2017 – 2024, (USD Million)

TABLE 183    Chile market by end use, 2013 – 2016, (MW)

TABLE 184    Chile market by end use, 2017 – 2024, (MW)

TABLE 185    Chile market by end use, 2013 – 2016, (USD Million)

TABLE 186    Chile market by end use, 2017 – 2024, (USD Million)

TABLE 187    Rest of World market, 2013 – 2016, (Capacity & Revenue)

TABLE 188    Rest of World market, 2017 – 2024, (Capacity & Revenue)

TABLE 189    Rest of World market by product, 2013 – 2016, (MW)

TABLE 190    Rest of World market by product, 2017 – 2024, (MW)

TABLE 191    Rest of World market by product, 2013 – 2016, (USD Million)

TABLE 192    Rest of World market by product, 2017 – 2024, (USD Million)

TABLE 193    Rest of World market by end use, 2013 – 2016, (MW)

TABLE 194    Rest of World market by end use, 2017 – 2024, (MW)

TABLE 195    Rest of World market by end use, 2013 – 2016, (USD Million)

TABLE 196    Rest of World market by end use, 2017 – 2024, (USD Million)
Charts & Figures

FIG. 1    Industry segmentation

FIG. 2    Industry landscape, 2013 – 2024 (USD Million)

FIG. 3    Industry ecosystem analysis

FIG. 4    Electricity consumption across major countries, 2016 (in TWh)

FIG. 5    Electricity consumption across major regions (in TWh)

FIG. 6    Global renewable share, by source (2013)

FIG. 7    Global renewable share, by source (2016)

FIG. 8    Global off-grid population without electricity access (Billion People)

FIG. 9    Normalized price trend

FIG. 10    Lithium-ion battery price trend (USD/kWh)

FIG. 11    Growth potential analysis

FIG. 12    Porter’s analysis

FIG. 13    PESTEL analysis

FIG. 14    Renewable energy capacity, GW, 2015-2016

FIG. 15    Hybrid solar wind energy storage market share by product, 2016 & 2024

FIG. 16    Hybrid solar wind energy storage market share by end use, 2016 & 2024

FIG. 17    Hybrid solar wind energy storage market share by end use, 2016 & 2024

 

Hybrid Solar Wind Energy Storage Market, By Product

Standalone system is anticipated to witness growth over 5% by 2024. Renewable capacity addition targets along with favourable government incentives to promote the adoption of sustainable systems will boost the hybrid solar wind energy storage market. As per Ministry of New and Renewable Energy (MNRE) the total capacity addition target from renewables for year 2018 is 14,450 MW.

Grid connected systems are predicted witness strong growth on account of growing measures toward uninterrupted power supply. Grid stabilization potential, high capacity generation and effective capacity utilization factor are the key parameters that will fuel the hybrid solar wind energy storage market growth.

Hybrid Solar Wind Energy Storage Market, By End Use

Residential hybrid solar wind energy storage market size is predicted to grow over 7% by 2024. Ongoing electrification program across developing economies along with growing awareness toward the adoption of RE systems will stimulate the industry growth. As per National Renewable Energy Laboratory, the Township Electrification Program have facilitated almost 97% of Chinese households with renewable energy.

Growing measures toward the adoption of sustainable systems to execute the industrial operations coupled with stringent norms toward emissions reduction will boost the hybrid solar wind energy storage market. As per European environment agency, the electricity consumption across Europe increased by 26.4% in last decade accounting for 2.4% increase by industrial sector.

ReGen Powertech, General Electric, Vestas, Siemens Gamesa, Vattenfall AB, Goldwind, Suzlon, Alpha Windmills, Blue Pacific Solar, Zenith Solar, Unitron Energy, Polar Power, Grupo Dragon, Tesla and A123 Systems.

Why Choose MWR

Quality Research

Our goal is to provide high-quality data that stimulates growth and creates a win-win situations

Unlimited User Access 

We offer Corporate User license access on all our reports in which you can share the report with your entire team without any restrictions

Free Company Inclusion 

We give you an option to include 3-4 additional company players of your choice in our report without any extra charges

Post Sale Assistance

Unlimited post sales service with an account manager dedicated to making sure that all your needs are met

Covid-19 Impact Analysis

All our research report includes latest Covid-19 Impact and its analysis

Download Free Sample PDF

444 Alaska Avenue

Suite #BAA205 Torrance, CA 90503 USA

+1 424 360 2221

24/7 Customer Support

Download Free Sample PDF