Global hybrid solar wind systems market size to record 7.2% CAGR through 2027

2021-03-16
Selbyville, Delaware, March 16, 2021 (GLOBE NEWSWIRE) -- According to seasoned analysts, worldwide hybrid solar wind systems industry was worth USD 925 million in 2019 and is projected to exhibit a 7.2% CAGR during study period, subsequently reaching a remuneration of USD 1613 million by the year 2027. The research literature bifurcates the marketplace into various segments, based on connectivity and end-user terrain. Insights about the market share, along with estimations reflecting the CAGRs of each segment are offered in the report. Proceeding further, it assesses the geographical scope, while evaluating the contribution of each region to the industry remuneration. Furthermore, the document delivers an all-inclusive assessment of the top-tier organizations operating in this vertical and systematically presents the product & service portfolios of each participant, side-by-side assessing their expansion strategies. Request Sample copy of this Report @ Growing environmental concerns, rising focus towards generation of renewable energy, and increasing investments towards deployment of smart grid infrastructure are augmenting global hybrid solar wind systems market size. For the record, hybrid solar wind systems are formed by integration of windmill and solar energy panels to generate and retrieve electricity. They typically comprise of solar panels, small wind turbine generators, and an energy storage system. Environment-friendly nature of these systems, along with their ability to generate electricity throughout the year will continue to stimulate product demand in the forthcoming years. Speaking of the restraining factors, lack of awareness regarding hybrid solar wind systems, coupled with high initial investment are expected to barricade business development throughout the analysis timeframe. Outlining market segmentations Based on connectivity, global hybrid solar wind systems industry is divided into stand-alone systems, and on-grid systems. While the end-user landscape of the industry vertical is categorized into industrial, commercial, and residential. Regional outlook Elaborating on the geographical reach, the overall market sphere is fragmented into Europe, Asia-Pacific, North America, Latin America, and rest of the world. Among these, Asia-Pacific presently captures a majority portion of global hybrid solar wind systems market share and is touted to amass lucrative gains during 2020-2027. Increasing number of smart grid projects, escalating demand for renewable energy generation, and favorable government initiatives pertaining to clean energy production, predominantly in India and China are fostering the regional industry expansion. To access a sample copy or view this report in detail along with the table of contents, please click the link below: Competitive dashboard Alpha Windmills, ReGen Powertech Pvt. Ltd., Blue Pacific Solar Products Inc., Gamesa Technology Corp., UNITRON Energy Systems Pvt. Ltd., Zenith Solar LLC, Alternate Energy Corp., Polar Power Inc., Supernova Technologies Pvt. Ltd., and Grupo Dragón are the key participants defining worldwide hybrid solar wind systems market trends. Global Hybrid Solar Wind Systems Market by Connectivity (Revenue, USD Million, 2017-2027) Global Hybrid Solar Wind Systems Market End-User Scope (Revenue, USD Million, 2017-2027) Global Hybrid Solar Wind Systems Market Regional Outlook (Revenue, USD Million, 2017-2027) Asia-Pacific Europe North America Latin America Rest of the world Global Hybrid Solar Wind Systems Market Competitive Landscape (Revenue, USD Million, 2017-2027) Table of Content: Chapter 1. Executive Summary 1.1.      Market Snapshot 1.2.      Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Million) 1.2.1.   Hybrid Solar Wind Systems Market, by Region, 2018-2027 (USD Million) 1.2.2.   Hybrid Solar Wind Systems Market, by Connectivity, 2018-2027 (USD Million) 1.2.3.   Hybrid Solar Wind Systems Market, by End-Use, 2018-2027 (USD Million) 1.3.      Key Trends 1.4.      Estimation Methodology 1.5.      Research Assumption Chapter 2. Global Hybrid Solar Wind Systems Market Definition and Scope 2.1.      Objective of the Study 2.2.      Market Definition & Scope 2.2.1.   Scope of the Study 2.2.2.   Industry Evolution 2.3.      Years Considered for the Study 2.4.      Currency Conversion Rates Chapter 3. Global Hybrid Solar Wind Systems Market Dynamics 3.1.      Hybrid Solar Wind Systems Market Impact Analysis (2018-2027) 3.1.1.   Market Drivers 3.1.2.   Market Challenges 3.1.3.   Market Opportunities Chapter 4. Global Hybrid Solar Wind Systems Market Industry Analysis 4.1.      Porter's 5 Force Model 4.2.      PEST Analysis 4.2.1.   Political 4.2.2.   Economical 4.2.3.   Social 4.2.4.   Technological 4.3.      Investment Adoption Model 4.4.      Analyst Recommendation & Conclusion Chapter 5. Global Hybrid Solar Wind Systems Market, by Connectivity 5.1.      Market Snapshot 5.2.      Global Hybrid Solar Wind Systems Market by Connectivity, Performance - Potential Analysis 5.3.      Global Hybrid Solar Wind Systems Market Estimates & Forecasts by Connectivity 2017-2027 (USD Million) 5.4.      Hybrid Solar Wind Systems Market, Sub Segment Analysis 5.4.1.   On-Grid System 5.4.2.   Stand-Alone System Chapter 6. Global Hybrid Solar Wind Systems Market, by End-Use 6.1.      Market Snapshot 6.2.      Global Hybrid Solar Wind Systems Market by End-Use, Performance - Potential Analysis 6.3.      Global Hybrid Solar Wind Systems Market Estimates & Forecasts by End-Use 2017-2027 (USD Million) 6.4.      Hybrid Solar Wind Systems Market, Sub Segment Analysis 6.4.1.   Residential 6.4.2.   Commercial 6.4.3.   Industrial Chapter 7. Global Hybrid Solar Wind Systems Market, Regional Analysis Related Report: Solar PV Module Market Size, Industry Analysis Report, Regional Outlook, Price Trends, Competitive Market Share & Forecast, 2020 - 2026 The solar PV module market is expected to witness a period of flourishing growth owing to a global shift towards renewables and the subsequent rise in large-scale solar energy projects across the world. In 2015, almost all countries across the globe signed the Paris Agreement, a landmark environmental accord that calls for all countries to unite under a common goal of combating climate change. One of the most crucial goals set forth by the accord is to reduce the world’s dependence on fossil fuels and transition the global energy infrastructure towards renewables. This has created tremendous revenue growth opportunities for the clean energy sector, which is subsequently driving the solar PV module market. From a regional perspective, the Middle East solar PV module market is earmarked to record tremendous gains attributing to rising energy demand, which is being driven by commercialization in developed regions along with revamping of electrical network with increased power consumption in war affected countries across Middle East. The solar PV modules industry in Africa is projected to experience impressive growth over the coming years. The expansion of electrical networks across remote areas along with shift towards distributed power generation in Africa has positively influenced the solar power industry and would continue to drive regional industry trends through the forecast timeframe. The LATAM solar PV modules market is anticipated to witness significant growth opportunities over the coming years as high end urbanization coupled with ongoing expansion of sustainable energy networks have positively influenced the solar PV module industry in the region. About US: Market Study Report, LLC. is a hub for market intelligence products and services. We streamline the purchase of your market research reports and services through a single integrated platform by bringing all the major publishers and their services at one place. Our customers partner with Market Study Report, LLC. to ease their search and evaluation of market intelligence products and services and in turn focus on their company's core activities. If you are looking for research reports on global or regional markets, competitive information, emerging markets and trends or just looking to stay on top of the curve then Market Study Report, LLC. is the platform that can help you in achieving any of these objectives.
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