Hybrid Solar Wind Market size to grow over 8% from 2016 to 2024. - PowerPoint PPT Presentation

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Hybrid Solar Wind Market size to grow over 8% from 2016 to 2024.

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Commercial hybrid solar wind market size was valued above 367 MW in 2015.Increasing demand for uninterrupted power supply sector will drive this industry growth. – PowerPoint PPT presentation

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Title: Hybrid Solar Wind Market size to grow over 8% from 2016 to 2024.


1
Single phase Transformer Market Global Hybrid
Solar Wind Market 2016 Industry Trend and
Forecast 2024.
2
Global Market Scenario of Hybrid Solar Wind
Industry
Hybrid Solar Wind Market size is expected to
reach USD 1.47 billion by 2024, according to a
new research report by Global Market Insights,
Inc. Decreasing wind and solar component cost
associated with increasing clean fuel energy
demand will drive the global hybrid solar wind
market size. The component manufacturing cost has
witnessed a significant price drop since 2012,
owing to technological advancement. Growing
demand for reliable electricity coupled with
strict government norms to reduce carbon
footprints will further compliment the industry
outlook. Developed nations led by the U.S. has
introduced various initiatives to promote energy
conservation and reduce greenhouse emissions.
3
Continue.....
High initial costs and lack of awareness may
restrain industry demand over the next few years.
Grid connected hybrid solar wind market size was
valued over USD 190 million in 2015 and is
predicted to grow at over 10 by 2024. Low
installation cost, feed in tariff and net
metering are some of the advantages offered by
grid connected system. U.S. hybrid solar wind
market size was valued at USD195 million in 2015
and is estimated to reach over USD 300 million by
2024.Government incentives such as tax rebate and
increasing emphasis on renewable energy have
encouraged regional industry growth. India is
set to exceed 30MW in installation by 2024 and is
estimated to grow at over 20 CAGR during
forecast period. Government initiatives toward
rural electrification and initiatives to promote
sustainable energy will drive the hybrid solar
wind market size.
Read more at _at_ https//www.gminsights.com/industry
-analysis/hybrid-solar-wind-market F
4
U.S. Hybrid Solar Wind Market size, by product,
2013 -2024 (MW)
Strict government norms to reduce the greenhouse
gas emission coupled with initiatives toward
energy conservation will drive the hybrid solar
wind market in future. Favorable initiatives to
promote renewable energy will further compliment
the industry growth.
Download Brochure _at_ https//www.gminsights.com/req
uest-sample/detail/830
5

Get sample research PDF for more Professional and
Technical insights _at_ https//www.gminsights.com/re
quest-sample/detail/830 Latest Research
Report On Hybrid Solar Wind Market _at_
https//www.gminsights.com/industry-analysis/hybri
d-solar-wind-market
6
Regional Trends
U.S. hybrid solar wind market size was valued at
over 310 MW in 2015. Increasing emphasis on
renewable energy, government incentives and
measures toward energy conservation will favor
the industry outlook. India hybrid solar wind
market share is projected to witness substantial
gains over 21 in term of Volume over forecast
timeframe owing to the government initiatives to
promote sustainable renewable energy
resources. Competitive Market Share Major
industry participants include ReGen Powertech,
Blue Pacific Solar Product, Inc., UNITRON Energy
System Pvt. Ltd, Alternate Energy Company, Polar
Power, Inc, Alpha Windmills, Zenith Solar System,
Gamesa, Supernova Technologies Private Limited,
Grupo Dragon. MNRE has proposed draft policy
to install solar wind system of 10 GW by 2022
which will favor the industry growth. Low cost
financing for hybrid solar wind project are also
introduced by the financial institution and
Indian Renewable Energy Development Agency.
7
Thank you
You can visit us at www.gminsights.com
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