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Hybrid Power Solutions Market by System Type (Solar-Diesel, Wind-Diesel, Solar-Wind-Diesel), Power Rating (Upto 10 kW, 11 kW–100 kW, and Above 100 kW), End-User (Residential, Commercial, Telecom), and Region - Global Forecast to 2021

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Date: 01-Feb-2017
No. of pages: 131
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“The hybrid power solutions market is projected to grow at a CAGR of 8.1% from 2016 to 2021”

The hybrid power solutions market is projected to reach USD 689.5 million by 2021, growing at a CAGR of 8.1% from 2016 to 2021. Hybrid power solutions are used in residential, commercial, telecom and other industries. Growth in hybrid power generation in off-grid sites, reliable power generation with minimized fuel, and reduced operation and maintenance cost, and reduction in carbon emission are expected to drive the hybrid power solutions market. On the other hand, higher initial investment and higher payback time period are the major restraints of the global hybrid power solutions market.

“The solar-diesel segment is expected to grow at the fastest CAGR from 2016 to 2021”

With regard to system type, the solar-diesel segment is estimated to grow at the fastest CAGR. Solar-diesel based hybrid power solutions has maximum share in total hybrid power solutions market. Solar energy is available in abundance as compared to other renewable sources of energy that helps solar-diesel hybrid segment to capture most of the market share. In coming years, with declining solar module, inverter, and overall solar systems prices, off-grid solar-diesel hybrid power solutions are expected to gain momentum.

“Middle East & Africa: The largest market for hybrid power solutions”

The Middle East &Africa is expected to be the largest market for hybrid power solutions, with Nigeria being the biggest markets in the region. It is estimated to dominate the global market during the forecast period, as they are best suited for off-grid sites like islands or telecom towers located in off-grid areas. Asia-Pacific, on the other hand, is expected to be the second fastest growing market for hybrid power solutions. This is due to promotions by governments and private developers, and switching to eco-friendly power generation sources due to increasing carbon emissions and high fuel expenditure.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information as well as to assess future market prospects. The distribution of primary interviews is as follows:


  • By Company Type: Tier 1- 60%, Tier 2- 27%, Tier 3- 13%

  • By Designation: C-Level- 35%, D-Level- 25%, Others- 40%

  • By Region: Americas- 15%, Europe-30%, Asia-Pacific- 45%,Middle East & Africa- 10%


Note: The tier of the companies has been defined on the basis of their total revenue, as of 2015: Tier 1 = >USD 501million, Tier 2 = From USD 251 million to USD 500 million, and Tier 3 = < USD 250 million

The leading players in the hybrid power solutions market include SMA Solar Technology AG (Germany), Siemens AG (Germany), Huawei Technologies Co., LTD (China), ZTE Corporation (China), Flexenclosure AB, LTD (Sweden), and Heliocentris Energy Solutions AG (Germany) among others.

Research Coverage:

The report provides a picture on the hybrid power solutions market across different industry verticals and regions. It aims at estimating the market size and future growth potential of this market across different segments, such as system type, end-user, power rating, and region. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, SWOT analysis, recent developments, and key market strategies.

Key Benefits of Buying the Report:

The report will help the market leaders/new entrants in this market by providing them the closest approximations of the revenue numbers for the overall hybrid power solutions market and the sub segments. This report will help stakeholders to better understand the competitor landscape and gain more insights to better position their businesses and make suitable go-to-market strategies. The report also helps the stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.

Why buy this report?


  • The report identifies and addresses key markets for hybrid power solutions market, which is useful for suppliers to review the growth in demand for the product.

  • The report helps solution providers to understand the pulse of the market and provides insights on drivers, restraints, and challenges.

  • The report will help key players to better understand the competition’s strategies and will help in making strategic decisions.

Hybrid Power Solutions Market by System Type (Solar-Diesel, Wind-Diesel, Solar-Wind-Diesel), Power Rating (Upto 10 kW, 11 kW–100 kW, and Above 100 kW), End-User (Residential, Commercial, Telecom), and Region - Global Forecast to 2021

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Countries Covered
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions & Limitations
2.4.1 Assumptions

3 Executive Summary
3.1 Introduction
3.2 Historical Backdrop and Evolution
3.3 Current Scenario
3.4 Future Outlook
3.5 Conclusion

4 Premium Insights
4.1 Hybrid Power Solutions Market, By System Type
4.2 Hybrid Power Solutions Market, By Power Rating
4.3 Hybrid Power Solutions Market, By End-User
4.4 Hybrid Power Solutions Market, By System Type
4.5 Hybrid Power Solutions Market: End-User vs System-Type
4.6 Middle East & Africa: the Largest Market During the Forecast Period

5 Market Overview
5.1 Introduction
5.2 Market Segmentation
5.2.1 By Power Rating
5.2.2 By End-User
5.2.3 By Region
5.2.4 By System Type
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Growth in Hybrid Power Generation in Off-Grid Sites
5.3.1.2 Reliable Power Generation With Minimized Fuel, and Reduced Operations and Maintenance Cost
5.3.1.3 Reduction in Carbon Emission
5.3.2 Restraints
5.3.2.1 Higher Initial Investment
5.3.2.2 Higher Payback Time Period
5.3.3 Opportunities
5.3.3.1 Adoption of Renewable Energies
5.3.3.2 100% Rural Electrification Through Hybrid Power Solutions
5.3.4 Challenges
5.3.4.1 Complex System Integration
5.3.4.2 Political Influence

6 Hybrid Power Solutions Market, By System Type
6.1 Introduction
6.2 Solar-Diesel
6.3 Wind-Diesel
6.4 Solar-Wind-Diesel

7 Hybrid Power Solutions Market, By Power Rating
7.1 Introduction
7.2 Up to 10 kW
7.6 11 kW – 100 kW
7.4 Above 100 kW

8 Hybrid Power Solutions Market, By End-User
8.1 Introduction
8.2 Residential
8.2.1 Commercial
8.3 Telecommunication
8.4 Others

9 Hybrid Power Solutions Market, By Region
9.1 Introduction
9.2 Asia-Pacific
9.2.1 By System Type
9.2.2 By Rating
9.2.3 By End-User
9.2.4 By Country
9.2.4.1 China
9.2.4.2 India
9.2.4.3 Indonesia
9.2.4.4 Australia
9.2.4.5 Rest of Asia-Pacific
9.3 Europe
9.3.1 By System Type
9.3.2 By Power Rating
9.3.3 By End-User
9.4 Americas
9.4.1 By System Type
9.4.2 By Power Rating
9.4.3 By End-User
9.4.4 By Country
9.4.4.1 U.S.
9.4.4.2 Bahamas
9.4.4.3 Rest of Americas
9.5 Middle East & Africa
9.5.1 By System Type
9.5.2 By Power Rating
9.5.3 By End-User
9.5.4 By Country
9.5.4.1 UAE
9.5.4.2 Mali
9.5.4.3 Senegal
9.5.4.4 Nigeria
9.5.4.5 Rest of Middle East & Africa

10 Competitive Landscape
10.1 Overview
10.2 Competitive Situation & Trends
10.3 Market Share Analysis, Hybrid Power Solutions Market (By Key Players)
10.4 Contracts & Agreements
10.5 Partnerships, Joint Ventures, Collaborations
10.6 New Product Development/Launches
10.7 Mergers & Acquisitions

11 Company Profiles
(Overview, Products & Services, Strategies & Insights, Developments and MnM View)*
11.1 Introduction
11.2 Vertiv
11.3 Siemens AG
11.4 SMA Solar Technology AG
11.5 Huawei Technologies Co. Ltd.
11.6 ZTE Corporation
11.7 Heliocentris Energy Solutions AG
11.8 Poweroasis Ltd.
11.9 ELTEK
11.10 Danvest Energy As
11.11 Flexenclosure AB, Ltd.
11.12 Pfisterer Holding AG
11.13 Vergnet SA
11.14 Electro Power Systems S.A.

*Details on Overview, Products & Services, Strategies & Insights, Developments and MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
12.4 Introducing RT: Real-Time Market Intelligence
12.5 Available Customizations
12.6 Related Reports
12.7 Author Details
12.8 Author Details

List of Tables

Table 1 Sample Case Study: Philippines
Table 2 Hybrid Power Solution Configuration
Table 3 Hybrid Power Solutions Components and Their Share in Total Cost
Table 4 Hybrid Power Solutions Market Size, By System Type, 2014–2021 (USD Million)
Table 5 Solar-Diesel: Hybrid Power Solutions Market Size, By Region, 2014–2021 (USD Million)
Table 6 Wind-Diesel: Hybrid Power Solutions Market Size, By Region, 2014–2021 (USD Million)
Table 7 Solar-Wind-Diesel: Hybrid Power Solutions Market Size, By Region, 2014–2021 (USD Million)
Table 8 Other System Types: Hybrid Power Solutions Market Size, By Region, 2014–2021 (USD Million)
Table 9 Global Hybrid Power Solution Market Size, By Power Rating, 2014–2021 (USD Million)
Table 10 Up to 10 kW: Hybrid Power Solution Market Size, By Region, 2014–2021 (USD Million)
Table 11 11 kW - 100 kW: Hybrid Power Solution Market Size, By Region, 2014–2021 (USD Million)
Table 12 Above 100 kW: Hybrid Power Solution Market Size, By Region, 2014–2021 (USD Million)
Table 13 Hybrid Power Solutions Market Size, By End-User, 2014–2021 (USD Million)
Table 14 Residential: Hybrid Power Solutions Market Size, By Region, 2014–2021 (USD Million)
Table 15 Commercial : Hybrid Power Solutions Market Size, By Region, 2014–2021 (USD Million)
Table 16 Telecommunication : Hybrid Power Solutions Market Size, By Region, 2014–2021 (USD Million)
Table 17 Others : Hybrid Power Solutions Market Size, By Region, 2014–2021 (USD Million)
Table 18 Hybrid Power Solutions Market Size, By Region, 2014–2021 (USD Million)
Table 19 Top 7 Countries: Hybrid Power Solutions Market, By Country, 2014–2021 (USD Million)
Table 20 Solar-Diesel: Hybrid Power Solutions Market, By Top 7 Countries, 2014–2021 (USD Million)
Table 21 Wind-Diesel: Hybrid Power Solutions Market, By Top 7 Countries, 2014–2021 (USD Million)
Table 22 Solar-Wind-Diesel: Hybrid Power Solutions Market, By Top 7 Countries, 2014–2021 (USD Million)
Table 23 Other System Types: Hybrid Power Solutions Market, By Top 7 Countries, 2014–2021 (USD Million)
Table 24 Asia-Pacific: Hybrid Power Solutions Market Size, By System Type, 2014–2021 (USD Million)
Table 25 Asia-Pacific: Hybrid Power Solutions Market Size, By Power Rating, 2014–2021 (USD Million)
Table 26 Asia-Pacific: Hybrid Power Solutions Market Size, By End-User, 2014–2021 (USD Million)
Table 27 Asia-Pacific: Hybrid Power Solutions Market Size, By Country, 2014–2021 (USD Million)
Table 28 China: Hybrid Power Solutions Market Size, By System Type, 2014–2021 (USD Million)
Table 29 China: Hybrid Power Solutions Market Size, By End-User, 2014–2021 (USD Million)
Table 30 India: Hybrid Power Solutions Market Size, By System Type, 2014–2021 (USD Million)
Table 31 India: Hybrid Power Solutions Market Size, By End-User, 2014–2021 (USD Million)
Table 32 Indonesia: Hybrid Power Solutions Market Size, By System Type, 2014–2021 (USD Million)
Table 33 Indonesia: Hybrid Power Solutions Market Size, By End-User, 2014–2021 (USD Million)
Table 34 Australia: Hybrid Power Solutions Market Size, By System Type, 2014–2021 (USD Million)
Table 35 Australia: Hybrid Power Solutions Market Size, By End-User, 2014–2021 (USD Million)
Table 36 Rest of Asia-Pacific: Hybrid Power Solutions Market Size, By System Type, 2014–2021 (USD Million)
Table 37 Rest of Asia-Pacific: Hybrid Power Solutions Market Size, By End-User, 2014–2021 (USD Million)
Table 38 Europe: Hybrid Power Solutions Market Size, By System Type, 2014–2021 (USD Million)
Table 39 Europe: Hybrid Power Solutions Market Size, By Power Rating, 2014–2021 (USD Million)
Table 40 Europe: Hybrid Power Solutions Market Size, By End-User, 2014–2021 (USD Million)
Table 41 Americas: Hybrid Power Solutions Market Size, By System Type, 2014–2021 (USD Million)
Table 42 Americas: Hybrid Power Solutions Market Size, By Power Rating, 2014–2021 (USD Million)
Table 43 Americas: Hybrid Power Solutions Market Size, By End-User, 2014–2021 (USD Million)
Table 44 Americas: Hybrid Power Solutions Market Size, By Country, 2014–2021 (USD Million)
Table 45 U.S.: Hybrid Power Solutions Market Size, By System Type, 2014–2021 (USD Million)
Table 46 U.S.: Hybrid Power Solutions Market Size, By End-User, 2014–2021 (USD Million)
Table 47 Bahamas: Hybrid Power Solutions Market Size, By System Type, 2014–2021 (USD Million)
Table 48 Bahamas: Hybrid Power Solutions Market Size, By End-User, 2014–2021 (USD Million)
Table 49 Rest of Americas: Hybrid Power Solutions Market Size, By System Type, 2014–2021 (USD Million)
Table 50 Rest of Americas: Hybrid Power Solutions Market Size, By End-User, 2014–2021 (USD Million)
Table 51 Middle East & Africa: Hybrid Power Solutions Market Size, By System Type, 2014–2021 (USD Million)
Table 52 Middle East & Africa: Hybrid Power Solutions Market Size, By Power Rating, 2014–2021 (USD Million)
Table 53 Middle East & Africa: Hybrid Power Solutions Market Size, By End-User, 2014–2021 (USD Million)
Table 54 Middle East & Africa: Hybrid Power Solutions Market Size, By Country, 2014–2021 (USD Million)
Table 55 UAE: Hybrid Power Solutions Market Size, By System Type, 2014–2021 (USD Million)
Table 56 UAE: Hybrid Power Solutions Market Size, By End-User, 2014–2021 (USD Million)
Table 57 Mali: Hybrid Power Solutions Market Size, By System Type, 2014–2021 (USD Million)
Table 58 Mali: Hybrid Power Solutions Market Size, By End-User, 2014–2021 (USD Million)
Table 59 Senegal: Hybrid Power Solutions Market Size, By System Type, 2014–2021 (USD Million)
Table 60 Senegal: Hybrid Power Solutions Market Size, By End-User, 2014–2021 (USD Million)
Table 61 Nigeria: Hybrid Power Solutions Market Size, By System Type, 2014–2021 (USD Million)
Table 62 Nigeria: Hybrid Power Solutions Market Size, By End-User, 2014–2021 (USD Million)
Table 63 Rest of Middle East & Africa: Hybrid Power Solutions Market Size, By System Type, 2014–2021 (USD Million)
Table 64 Rest of Middle East & Africa: Hybrid Power Solutions Market Size, By End-User, 2014–2021 (USD Million)
Table 65 Contracts & Agreements, 2013-2016
Table 66 Partnerships, Joint Ventures, Collaborations, 2013-2016
Table 67 New Product Development/Launches, 2013-2016
Table 68 Mergers & Acquisitions, 2015-2016

List of Figures

Figure 1 Hybrid Power Solutions Market: Research Design
Figure 2 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation Methodology
Figure 6 Middle East & Africa Accounted for the Largest Market Share in Hybrid Power Solutions Market in 2015
Figure 7 Middle East and Africa is Expected to Dominate the Hybrid Power Solutions Market By 2021
Figure 8 Solar-Diesel Segment is Expected to Dominate the Hybrid Power Solutions Market, 2016–2021
Figure 9 Hybrid Power Solutions Market Size, By End-User, 2016–2021 (USD Million)
Figure 10 11 kW-100 kW Power Rating is Expected to Lead the Hybrid Power Solutions Market, 2016–2021
Figure 11 Company Development Comparison, 2015-2016
Figure 12 Attractive Market Opportunities in the Hybrid Power Solutions Market
Figure 13 Hybrid Power Solutions Market Share, By System Type, 2016–2021
Figure 14 41 kW-80 kW Segment is Expected to Dominate the Hybrid Power Solutions Market, 2021
Figure 15 Commercial Segment is the Largest End-User Segment in the Hybrid Power Solutions Market, 2016–2021
Figure 16 Solar-Diesel System Type is the Fastest Growing Segment in the Hybrid Power Solutions Market, 2016–2021
Figure 17 Solar-Diesel Hybrid Power Solutions Segment Holds the Largest Market Share in 2016
Figure 18 Hybrid Power Solutions Market Share (Value), By Region, 2015
Figure 19 Hybrid Power Solutions Market Segmentation
Figure 20 Growth in Hybrid Power Generation in Off Grid Sites are Major Driver for Hybrid Power Solutions Market
Figure 21 Worldwide Off Grid and Bad Grid Towers
Figure 22 Solar-Diesel System Type Segment Expected to Dominate Hybrid Power Solutions Market From 2016 to 2021
Figure 23 Hybrid Power Solution Segment Rated Between 11 kW-100 kW is Expected to Dominate the Hybrid Power Solutions Market By 2021
Figure 24 Commercial End-User Segment is Expected to Dominate the Hybrid Power Solutions Market By 2021
Figure 25 Hybrid Power Solutions Market, By Region, By Revenue (USD Million) 2015
Figure 26 Regional Snapshot: Growth Rate of the Hybrid Power Solutions Market From 2014 to 2021
Figure 27 UAE Continues to Dominate Among Top Seven Countries in Hybrid Power Solutions Market From 2016 to 2021
Figure 28 Regional Snapshot: Asia-Pacific Offered Attractive Market Opportunities in 2015
Figure 29 Regional Snapshot: Middle East & Africa Held the Largest Market in 2015
Figure 30 Companies Adopted the Strategy of Contracts & Agreements to Garner Market Share (2013-2016)
Figure 31 Battle for Market Share: Contracts & Agreements is the Key Strategy Adopted By Major Players, 2013-2016
Figure 32 Market Evolution Framework: Contracts & Agreements Have Fueled Growth From 2013 to 2016
Figure 33 Market Share Analysis, 2015
Figure 34 Regional Revenue Mix of Top 5 Market Players
Figure 35 Vertiv: Company Snapshot
Figure 36 Vertiv: SWOT Analysis
Figure 37 Siemens AG: Company Snapshot
Figure 38 Siemens AG: SWOT Analysis
Figure 39 SMA Solar Technology AG: Company Snapshot
Figure 40 SMA Solar Technology AG: SWOT Analysis
Figure 41 Huawei Technologies Co. Ltd. : Company Snapshot
Figure 42 Huawei Technologies Co. Ltd..: SWOT Analysis
Figure 43 ZTE Corporation: Company Snapshot
Figure 44 ZTE Corporation.: SWOT Analysis
Figure 45 Heliocentris Energy Solutions AG: Company Snapshot
Figure 46 ELTEK: Company Snapshot
Figure 47 Flexenclosure AB.: Company Snapshot

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