The hybrid power systems market is expected to develop at a CAGR of 6.1% between 2016 and 2024, with its valuation increasing from US$411.79 mn in 2015 to US$703.55 mn by 2024.
Albany, NY -- (SBWIRE) -- 08/25/2016 -- The research study is designed to analyze the global hybrid power systems market. The market is calculated in terms of revenue (US$ Mn) based on the annual sales of hybrid power systems. The market for hybrid power systems has been segmented on the basis of type, end-use, and country/region. The global hybrid power systems market, based on type, has been segmented into wind-solar-diesel-hybrid, PV-diesel-hybrid, and others. On the basis of end-use, the hybrid power systems market has been segmented into residential, rural facility electrification, and others.
The regional segments included in this study are North America, Europe, Asia Pacific, Middle East and Africa (MEA), and South and Central America (SCA). These regional segments are further divided into country-wise segments. The report provides a detailed growth forecast for the 2016–2024 period, considering 2015 as the baseline year. Projections have been provided for revenue (US$ Mn) through the annual sales of hybrid power systems.
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The report includes the key market dynamics affecting the demand for hybrid power systems. As a part of our market dynamics analysis, we have analyzed the market drivers, market restraints, and market opportunities. A comprehensive competitive landscape, which includes company market share analysis and market attractiveness analysis, has also been provided in this report. The report also provides a detailed industry analysis of the global hybrid power systems market with the help of Porter's Five Forces model. The Porter's Five Forces analysis aids in understanding the five major forces that affect the industry structure and profitability of the global hybrid power systems market. The forces analyzed are the bargaining power of buyers, bargaining power of suppliers, threat of new entrants, threat of substitutes, and degree of competition.
The study also includes the value chain of the global hybrid power systems market which provides a glimpse of key suppliers, manufacturers, and distribution channel as well as interaction of suppliers and buyers with end-users. The company market share analysis has been done considering the revenue and global penetration of key market players in the hybrid power systems industry. The market attractiveness involves benchmarking and ranking each technology and region on the basis of numerous parameters. The parameters selected are likely to have a pronounced effect on the demand for each technology in the current scenario as well as in the near future.
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Key participants in the global hybrid power systems market include Bergey WindPower Co., BORG Inc., Guangzhou HY Energy Technology Limited Corp., Kestrel Renewable Energy, KYOCERA Corporation, Panasonic Corporation, Schneider Electric SE, Sharp Electronics, Siemens AG, and Suzlon Group. This report provides an overview of these companies, followed by their financial revenues, business strategies, technical information, and recent developments.
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