Based on power ratings segment , hybrid power systems are bifurcated as upto 10kW , 11kW-100kW , and above 100kW . The end users segment includes residential , industrial , and commercial .
The solar-diesel segment has been anticipated to hold the largest market segment owing to diverse applications in various end-user segment such as telecom , oil & gas and mining . The solar-diesel segment has been propelled at a large scale in Asia-Pacific and Africa region owing to augmented applications of off-grid renewable power systems . Furthermore , the 11kW-100kW segment is predicted to acquire major market share owing to the application in power devices and hybrid electric vehicles . The hybrid electric vehicles such as Toyota Prius and Lexus RX 400h are made of gasoline engine and electric motor , possessing an ability to effectively control environmental issues such as CO2 emissions . Such factors have increased the overall demand for hybrid vehicles , and is projected to propel the segment growth over the forecast period .
The commercial segment is expected to hold the largest share in end-user segment over the forecast period . Commercial buildings such as hotels , schools , resorts , and hospitals located at on-grid and off-grid areas , highly dependent on diesel generators for their power consumption . Fuel and diesel availability is an alarming factor creating huge opportunity for hybrid power implementation in commercial sector .
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The Middle East and Africa region is expected to adopt hybrid power solutions over the forecast period owing to rising awareness for higher efficiency and reduced carbon emissions . For instance , Cummins , Inc . delivered the first hybrid system to Zain Group in Kuwait , for telecom application in 2016 . Such initiatives are projected to fuel the market for innovative power solutions . Asia Pacific region is predicted to grow at substantial rate owing to rising awareness for detrimental environmental effects of diesel power generators . Moreover , inadequate presence of grid-related infrastructure for hybrid power generation products is expected to drive the market in the region .
Market Key players :
Prominent market players operating in hybrid power systems industry include SMA Solar Technology AG , Siemens AG , Supernova Technologies Private Limited , Alpha Power Solutions , Danvest Energy A / S , ZTE Corporation , ReGen Powertech , UNITRON Energy System Pvt . Ltd , Polar Power , Inc ., Alternate Energy Company , Alpha Windmills , Gamesa , and Grupo Dragon .
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