ReportsWeb Solar Diesel Hybrid Power Systems Market 2020

Title: Global Solar Diesel Hybrid Power Systems Market 2016-2020
Off-grid power generation systems are typically used when there is a lack of capital constraints or the
geographical landscape makes it difficult to have a grid connection. Conventionally, the off-grid area is
powered using fossil fuel generators, but environmental concerns and its sustainability in terms of cost,
in the long run, has created the need for alternate solutions. A hybrid system that is a combination of
two or more power sources such as renewables and diesel generators is an attractive option. The
system harnesses the abundance of renewable sources that are freely available to generate electricity,
and when combined with a diesel generator, it displaces the fuel consumption. Thus, it reduces the cost
and the emission related to diesel power generation. The hybrid system can also be combined with
other technologies such as battery storage to improve its effectiveness.
Publisher's analysts forecast the global solar diesel hybrid power systems market to grow at a CAGR of
6.89% during the period 2016-2020.
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Key vendors
- Belectric
- Schneider Electric
- Siemens
- SMA
Other prominent vendors
- Danvest
- Electro power systems
- Elgris power
- Heliocentris
- OutBack Power
Market driver
- Application in remote locations
- For a full, detailed list, view our report
Market challenge
- High cost of installation
- For a full, detailed list, view our report
Market trend
- Increased popularity of portable power systems
- For a full, detailed list, view our report
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Fundamentals of Table of Content:
PART 01: Executive summary
- Highlights