Albany, NY -- (SBWIRE) -- 10/04/2016 -- A hybrid renewable energy system is a combination of more than one power source, where one is a renewable source, and the other is a conventional source of power. Some of these sources include solar PV, wind energy systems, fuel cells, and energy storage systems. The hybrid system harnesses the renewable sources that are freely available to generate electricity combined with a diesel generator. Thus, it reduces the fuel cost and the emissions from diesel power generation. The hybrid system can also be combined with other technologies such as battery storage to improve its effectiveness.

The global hybrid power systems market to grow at a CAGR of 5.87% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global hybrid power systems market for 2016-2020. The report also presents the vendor landscape and a corresponding detailed analysis of the top five vendors operating in the market.

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Technavio's report, Global Hybrid Power Systems Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Emerson
- Heliocentris
- Shanghai Ghrepower
- Siemens
- SMA

Other prominent vendors
- AEG Power Solutions
- Alpha Power
- Danvest
- Electro Power Systems
- Elgris Power
- Eltek Power
- KLiUX Energies
- ReGen Powertech
- Repowering Solutions
- Schneider Electric
- SFC Energy
- Urban Green Energy
- WindStream Technologies

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Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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