Global Hybrid Energy Systems—Convergence of Renewable and Conventional Power

Global Hybrid Energy Systems—Convergence of Renewable and Conventional Power

RELEASE DATE
23-Jun-2016
REGION
Global
Research Code: 9AAE-00-39-00-00
SKU: EG01651-GL-MR_18683
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Description

This study analyses the global market for hybrid energy systems. Installed capacity and revenue forecasts, drivers and restraints, global hotspots, case studies, and market trends are evaluated in detail to give a clear vision of the growth path for this market. The climate change debate has brought into focus the challenges of using fossil fuel as the primary fuel for power generation. Declining costs for renewable energy support grid parity and lead to increased uptake of decentralised power. Energy system flexibility, supportive policies, and smart energy initiatives will be game changers in this industry. Hybrid renewable energy systems are an attractive option to overcome challenges posed by the intermittency of renewable energy.

Table of Contents

CEO’s Perspective for the Hybrid Renewable Energy Systems (HRES) Market

3 Big Predictions

Key Findings

Summary of Major Trends

Current Questions in the Market

Associated Research and Multimedia

Renewable Technology Investments Lead to Hybrid Energy System Opportunities

Hybrid Renewable Energy Systems Refers to Power Using Two or More Sources, where at Least One of them is Renewable

Hybrid Renewable Energy Systems are Poised to Bring in Disruptive Business Models to Traditional Renewables

Emerging Markets with Low Grid Connectivity Hold Massive Potential for HRES

An Integrated Value Chain Lies at the Core of a Hybrid Renewable Energy System

Pricing Analysis

Battery Storage Systems are Critical for the Successful Implementation of Hybrid Renewable Energy Systems

Remote Industrial Power Applications Drive Potential for Hybrid Renewable Energy Systems

Market Drivers

Drivers Explained

Drivers Explained (continued)

Market Restraints

Restraints Explained

Restraints Explained (continued)

Global HRES Cumulative Installed Capacity Forecast

Global HRES Annual Added Capacity Forecast

Global HRES Revenue Forecast

Revenue Forecast by End User

Revenue Forecast by End User Discussion

The Emerging Markets Hold Attractive Growth Potential for HRES

Asia-Pacific, Led by Key Countries such as China and India, will Experience the Fastest HRES Growth

Global Revenue for Distributed PV will Reach $1 Billion in 2025

Revenue Forecast by Region Discussion

Case Study (North America)—Solana Generating Station in Arizona, US

Case Study (Europe)—Fraunhofer ISE Research Institute and KACO New Energy Project in Germany

Case Study (Asia)—Rokkasho-Futamata Wind Farm in Aomori, Japan

Case Study (Asia)—Zhangbei National Wind and PV Energy Storage Transmission Project in China

Regulatory Actions and Energy Storage Investments are Crucial for Market Growth

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This study analyses the global market for hybrid energy systems. Installed capacity and revenue forecasts, drivers and restraints, global hotspots, case studies, and market trends are evaluated in detail to give a clear vision of the growth path for this market. The climate change debate has brought into focus the challenges of using fossil fuel as the primary fuel for power generation. Declining costs for renewable energy support grid parity and lead to increased uptake of decentralised power. Energy system flexibility, supportive policies, and smart energy initiatives will be game changers in this industry. Hybrid renewable energy systems are an attractive option to overcome challenges posed by the intermittency of renewable energy.
More Information
No Index No
Podcast No
Author Pritil Gunjan
Industries Energy
WIP Number 9AAE-00-39-00-00
Is Prebook No