Global Solar Diesel Hybrid Power Systems Market to grow at a CAGR of 6.89% during the period 2016 - 2020; Finds New Report

Report forecast the global solar diesel hybrid power systems market to grow at a CAGR of 6.89% during the period 2016-2020.

Off-grid power generation systems are typically used when there is a lack of capital constraints or the geographical landscape makes it difficult to have a grid connection. Conventionally, the off-grid area is powered using fossil fuel generators, but environmental concerns and its sustainability in terms of cost, in the long run, has created the need for alternate solutions. A hybrid system that is a combination of two or more power sources such as renewables and diesel generators is an attractive option.

The system harnesses the abundance of renewable sources that are freely available to generate electricity, and when combined with a diesel generator, it displaces the fuel consumption. Thus, it reduces the cost and the emission related to diesel power generation. The hybrid system can also be combined with other technologies such as battery storage to improve its effectiveness.

The report covers the present scenario and the growth prospects of the global solar diesel hybrid power systems market for 2016-2020. The revenue calculation is based on the end-users that use solar diesel hybrid systems.

The end-users include:

• Residences
• Hotels and resorts
• Hospitals
• Telecom
• Industries
• Mining
• Utilities/IIP's
• Offices and warehouses

The market is divided into the following segments based on geography:

• Americas
• APAC
• EMEA

According to the report, a key growth driver is application in remote locations. Using diesel generators as a core power system or as backup systems is common in remote areas where access to the grid power is unreliable or non-existent. The cost per kWh of electricity generated is dependent on the cost of diesel and the maintenance. However, over the years, the cost of diesel has increased, which in turn has increased the cost of power generation, driving the need for alternate power systems. The price of solar systems has fallen over the years, enabling remote communities and sites to combine renewable power with existing systems to reduce costs.

Further, the report states that one challenge that could impact market growth is the high cost of installing units.

Global Solar Diesel 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 players in the global solar diesel hybrid power systems market: Belectric, Schneider Electric, Siemens, and SMA.

Other Prominent Vendors in the market are: Danvest, Electro power systems, Elgris power, Heliocentris, Outback Power, and Solgen.

Market driver

• Application in remote locations
• For a full, detailed list, view our report

Market challenge

• High cost of installation
• For a full, detailed list, view our report

Market trend

• Increased popularity of portable power systems
• For a full, detailed list, view our report

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?

Spanning over 63 pages and 52 Exhibit “Global Solar Diesel Hybrid Power Systems Market 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Medical electrodes: Overview, Global medical electrodes market, Cardiology electrodes: Market landscape, Market segmentation by end-user, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

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