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Low Electrification Rates Provide Huge Opportunities in Africa and Latin America
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With low electrification rates rampant in most of the developing countries, off-grid power generation provides a huge market for hybrid power systems as an alternative solution to the expensive and polluting diesel generators used traditionally. The market has been growing steadily in the past and is expected to continue to do so during the forecast period, 2014-2018. This research service deals with the global dynamics of the hybrid power systems market. Revenue and annual installed capacity forecasts are provided for the total as well as regional markets. It provides a comprehensive insight into the market trends, and prevalent drivers & restraints with a special focus on emerging hotspots.
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