Albany, NY, Aug. 25, 2016 (GLOBE NEWSWIRE) -- 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.
The global solar diesel hybrid power systems market to grow at a CAGR of 6.89% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global solar diesel hybrid power systems market for 2016-2020. The revenue calculation is based on the end-users that use solar diesel hybrid systems.
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The end-users include:
- Residences
- Hotels and resorts
- Hospitals
- Telecom
- Industries
- Mining
- Utilities/IIP's
- Offices and warehouses
Technavio's report, Global Solar Diesel Hybrid Power Systems Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
- Belectric
- Schneider Electric
- Siemens
- SMA
Other prominent vendors
- Danvest
- Electro power systems
- Elgris power
- Heliocentris
- OutBack Power
- Solgen
View TOC (table of content), Figures and Tables of the Report: http://www.researchmoz.us/global-solar-diesel-hybrid-power-systems-market-2016-2020-report.html
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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