North America and Europe Hybrid Power Solution Market: By Configuration,, By Grid,, By End User,, and Region  

download arrow download arrow Download Free Sample
settings arrow settings arrow email us

North America and Europe Hybrid Power Solution Market: By Configuration, (Solar Generator, Wind Generator, Solar Wind Generator, and Others), By Grid, (On-Grid and, Off-Grid), By End User, (Commercial and Industrial, Residential and, Utility), and Region (North America and Europe)  

checked icon arrow_drop_down
checked icon Single User License $4400 $3520
checked icon Multiple User License $6600 $5280
checked icon Corporate User License $8900 $7120

North America and Europe Hybrid Power Solution Market held considerable market growth. The hybrid power system combines various energy-generating technologies, including fuel cells and diesel, to supplement renewable energy sources. The key factors that are responsible for the market growth of hybrid power solutions that offer benefits like reduced carbon emissions, lower operating costs, and improved energy efficiency, make them attractive options for various sectors including telecommunications, mining, and rural electrification. In addition, rising environmental concerns, government initiatives encouraging the adoption of renewable energy, and technological advancements in hybrid power contributing to the market's expansion.

However, high initial investment in hybrid power solutions compared to other conventional diesel generators is limiting the market growth. Furthermore, reducing carbon emissions by reliance on fossil fuels are major source of greenhouse gas emissions. The market trends for North America and Europe's Hybrid power solution market are rise in distributed power generation is expected to offer opportunities for market players in the next 5 years.   

North America and Europe Hybrid Power Solution Market Key Developments:

  • In Aug 2019, Nidec ASI revealed that it had created a power management system for the yacht wider 165. The hybrid power system power management system, according to the business, will provide electricity to meet the energy requirements of propulsion systems, rechargeable batteries, and cabins.
  • In July 2019, Controllis introduced the Smart-48, a new hybrid power unit. It is anticipated that the hybrid power unit will help telecom and mobile companies reduce their carbon footprint and fuel expenses.
  • In January 2019, India declared its intention to establish 18GW of wind, solar, and hybrid power facilities by 2022. The state is concentrating on aiming for investments in renewable capacities over the next ten years.

North America and Europe Hybrid Power Solution Market Dynamics

Hybrid power solutions have the advantage of adjusting energy generation based on availability and demand. This eventually lessens reliance on costly fossil fuels and grid electricity, saving businesses and communities a significant sum of money. The growing need for renewable energy sources is anticipated to drive market growth. Rising energy use has led to an increase in carbon emissions from the power sector. To reduce the harmful impacts of carbon emissions on human health, the power industry is gradually embracing clean energy sources like solar photovoltaics and wind. On the other hand, some variables, such as location and weather, have an impact on the electricity produced by solar PV and wind power systems. The advantages of mixing renewable energy sources with the rising demand for clean energy technology are anticipated to propel the market.

North America and Europe Hybrid Power Solution Market Segmentation Analysis

Report Benchmarks

Details

By Configuration

  • Solar Generator
  • Wind Generator
  • Solar Wind Generator
  • Others

By Grid Type

  • On-grid
  • Off-grid

By End User

  • Commercial and Industrial
  • Residential
  • Utility

Key Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter's Five Force Analysis

Download Free Sample Report

I accept the Terms and Conditions,Disclaimers, GDPR Policy

Frequently Asked Questions

2023 is the base year and 2030 is the forecast year.

The growth in hybrid power generation on off-grid sites driving the market growth, in line with this is the increasing pressure of reduction of CO2 emission with low operational and maintenance costs and favourable government initiatives.

Siemens Gamesa Renewable Energy SA, General Electric Company, Huawei Investment & Holding Co., Ltd, Eltek Ltd, PowerOasis Limited, SMA Solar Technology AG, Vergnet SA, Schneider Electric, Thermon, VoltServer.

The hybrid solutions industry is propelled by rising GHG emissions and increasing renewable energy focus

1.Executive Summary
2. North America and Europe Hybrid Power Solutions Market Introduction
2.1. North America and Europe Hybrid Power Solutions Market - Taxonomy
2.2. North America and Europe Hybrid Power Solutions Market - Definitions
2.2.1.By Configuration
2.2.2.By Grid
2.2.3.By End-user
2.2.4.By Country
3. North America and Europe Hybrid Power Solutions Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
4. North America and Europe Hybrid Power Solutions Market Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. North America and Europe Hybrid Power Solutions Market By Configuration, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Solar Generator
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Wind Generator
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Solar Wind Generator
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
5.4. Others
5.4.1.Others Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.4.3. Market Opportunity Analysis
6. North America and Europe Hybrid Power Solutions Market By Grid, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. On-grid
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Off-grid
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
7. North America and Europe Hybrid Power Solutions Market By End-user, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. Commercial & Industrial
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Residential
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Utility
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
8. North America and Europe Hybrid Power Solutions Market By Country, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. United States
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Canada
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Germany
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. UK
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
8.5. Rest of NA and Europe
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.5.3. Market Opportunity Analysis
9.United States North America and Europe Hybrid Power Solutions Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. Configuration Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%)
9.1.1.Solar Generator
9.1.2.Wind Generator
9.1.3.Solar Wind Generator
9.1.4.Others
9.2. Grid Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%)
9.2.1.On-grid
9.2.2.Off-grid
9.3. End-user Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%)
9.3.1.Commercial & Industrial
9.3.2.Residential
9.3.3.Utility
10.Canada North America and Europe Hybrid Power Solutions Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1. Configuration Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%)
10.1.1.Solar Generator
10.1.2.Wind Generator
10.1.3.Solar Wind Generator
10.1.4.Others
10.2. Grid Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%)
10.2.1.On-grid
10.2.2.Off-grid
9.3. End-user Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%)
10.3.1.Commercial & Industrial
10.3.2.Residential
10.3.3.Utility
11.Germany North America and Europe Hybrid Power Solutions Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1. Configuration Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%)
11.1.1.Solar Generator
11.1.2.Wind Generator
11.1.3.Solar Wind Generator
11.1.4.Others
11.2. Grid Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%)
11.2.1.On-grid
11.2.2.Off-grid
10.3. End-user Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%)
11.3.1.Commercial & Industrial
11.3.2.Residential
11.3.3.Utility
12.UK North America and Europe Hybrid Power Solutions Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1. Configuration Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%)
12.1.1.Solar Generator
12.1.2.Wind Generator
12.1.3.Solar Wind Generator
12.1.4.Others
12.2. Grid Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%)
12.2.1.On-grid
12.2.2.Off-grid
11.3. End-user Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%)
12.3.1.Commercial & Industrial
12.3.2.Residential
12.3.3.Utility
13.Rest of NA and Europe North America and Europe Hybrid Power Solutions Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
13.1. Configuration Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%)
13.1.1.Solar Generator
13.1.2.Wind Generator
13.1.3.Solar Wind Generator
13.1.4.Others
13.2. Grid Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%)
13.2.1.On-grid
13.2.2.Off-grid
12.3. End-user Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%)
13.3.1.Commercial & Industrial
13.3.2.Residential
13.3.3.Utility
14. Competition Landscape
14.1. Market Player Profiles (Introduction, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis)
14.2.1.Siemens Gamesa Renewable Energy SA
14.2.2.General Electric Company
14.2.3.Huawei Investment & Holding Co., Ltd
14.2.4.Eltek Ltd.
14.2.5.PowerOasis Limited
14.2.6.SMA Solar Technology AG
14.2.7.Vergnet SA
14.2.8.Schneider Electric
14.2.9.Thermon
14.2.10.VoltServer
15. Research Methodology
16. Appendix and Abbrevations

Key Market Players

  • Siemens Gamesa Renewable Energy SA
  • General Electric Company
  • Huawei Investment & Holding Co., Ltd
  • Eltek Ltd.
  • PowerOasis Limited
  • SMA Solar Technology AG
  • Vergnet SA
  • Schneider Electric
  • Thermon
  • VoltServer

Related Industry Reports

Electric Power Steering Eps Sensor Market

Power Take Off Pto Market

Usa Power Assist Devices Market

Power Semiconductor Market