1. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Fuel Cell Market size worth $25.5bn by 2024Low Power Wide Area Network Hybrid Power Solutions market share research by applications and regions for 2018-2024: Global Market Insights, Inc.

2. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  The U.S. hybrid power solutions market share will witness rapid growth owing to shifting focus toward clean energy along with energy conservation measures. Enhancement of capacity utilization factor by introducing innovative technologies for renewable systems will further augment the industry growth. In 2015, Grand Ridge Energy storage project commenced its operation across the U.S. with overall capacity of 232.5 MW. The project is owned by Invenergy and is situated at Grand Ridge Energy Centre, which accounts for 210 MW of wind, 21 MW of solar and an energy storage unit of 1.5 MW.  Hybrid Power Solutions Market size will grow on account of rising demand for off grid electricity. Introduction of stringent government norms to reduce greenhouse gas emissions coupled with measures toward energy conservation will complement the business outlook. The European Union has introduced a Renewable Energy Directive (Directive 2009/28/EC) with the target of consuming 20% energy from renewable sources by 2020. Overview of Hybrid Power Solutions Market

3. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  Favorable initiatives and incentive schemes with an aim to promote renewable energy will propel the hybrid power solutions market size. Regulators across the globe have implemented favorable policies including feed-in-tariffs, leverage schemes and subsidies to promote the deployment of clean energy sources. Government of India has announced a subsidy of One Lakh per kW to encourage hybrid wind-solar generation. As per the incentive, community users have to use 10% of annual budget for R&D purpose.  Ongoing electrification program along with increasing focus toward decentralized generation will fuel the hybrid power solutions market. Increasing hybrid power generation across off-grid sites, reduced O&M cost reliable power generation with minimized fuel and reduction in carbon emissions are the factors that will propel the product penetration.  Increasing demand for ecofriendly technology along with decreasing component cost primarily for solar and wind will drive the hybrid power solutions market. The industry has witnessed a steep growth in the demand for hybrid systems on account of renewable integration targets followed by 195 countries in line with UN Climate Change Conference in 2015. Continue…

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5. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  Government focus to achieve green energy structure coupled with increasing construction of zero emission buildings will boost the UK hybrid power solutions market. Developers across the region are evolving up with innovative approach of converting their existing RE park with hybrid technology. In 2015, Ecotricity announced the establishment of a new solar PV module installation to their existing wind energy plant with a total capacity of 15 MW.  Notable participants in hybrid power solutions market include SMA solar, Huawei, Siemens, ZTE Corporation, Flexenclosure, Heliocentris Energy Solutions, Unitron, ReGen Powertech, Polar Power, Zenith Power Systems, Grupo Dragon and Alternate Energy. Continue…

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