Increased Digital Capabilities Powering the Hybrid Energy Market, Forecast to 2025

Increased Digital Capabilities Powering the Hybrid Energy Market, Forecast to 2025

Future Growth Potential for Technology Providers, as Hybrid Power Plants Become the New Normal in the Transition to a Net-zero World

RELEASE DATE
03-Aug-2020
REGION
Global
Research Code: MEEB-01-00-00-00
SKU: EG02086-GL-MT_24494

$4,950.00

Special Price $3,712.50 save 25 %

In stock
SKU
EG02086-GL-MT_24494

$4,950.00

$3,712.50 save 25 %

DownloadLink

Pay by invoice

ENQUIRE NOW

Description

Hybrid energy systems are catching a lot of attention in the energy industry: from utilities and independent power plants (IPPs) to technology providers, system integrators, project developers, and regulators. Globally, the market for large on-grid hybrid energy systems is at an early stage of development, waiting for proper regulations that can recognize its value to grid operations and further reduce storage costs.

Opportunities for small hybrid plants in remote electrification in villages and islands, as well for commercial and industrial power supply, are popping up across the world, driven by decarbonization commitments and the combination of thermal generation with renewables and battery storage.

Several leading industry participants have begun to embrace hybrids as a way to add value to their offerings and expect this new pattern for power generation to become a new normal in the mid-to-long term. Participants willing to tap into emerging hybrid market opportunities need to develop a set of building blocks to meet demand and create alliances with other companies to cover all the technology and capabilities needed to successfully serve this market. Besides efficient and economical storage solutions, hybrid energy offerings must include powerful control systems that are subject to continued development and will become the new competitive frontier for integrators to differentiate.

Frost & Sullivan expects a bright future for the hybrid energy market, with the deployment of hybrid power plants to exceed a four-fold growth, from 9.3 GW in 2019 to 38.6 GW in 2025, catalyzing more than $130 billion in investment during the study period. In line with the trends shaping the overall power market, solar will dominate the hybrids scene, accounting for 54.3% of the total investments in 2030.

This study presents regional-level estimations on how hybrids capacity and investments are expected to evolve in the next 5 years across generation technologies. It examines the future visioning scenarios impacting the market, in terms of the future of energy, economic trends, new business models, disruptive technologies, and competitive landscape. The study also highlights the use cases and markets where opportunities for hybrids are developing fast, and the best action points to tackle them.

Key growth opportunities discussed include the potential for utility-scale and decentralized retrofits, unlocking additional value from energy markets, adopting a technology-agnostic approach, collaborative strategies, modularization and standardization, innovative financing models, and system optimization as a service.

Author: Maria Benintende

RESEARCH: INFOGRAPHIC

This infographic presents a brief overview of the research, and highlights the key topics discussed in it.
Click image to view it in full size

Table of Contents

Purpose of this Experiential Study

5-Step Process to Transformational Growth

Key Findings

Strategic Imperatives

Growth Opportunities

Research Scope

Geographic Segmentation

Hybrid Energy Systems—Definitions

Hybrid Energy Systems—Configurations

Hybrid Energy Systems—Advantages

Hybrid Energy Systems—Opportunity Assessment

Hybrid Energy Systems—Market Participants Landscape

Hybrid Energy Systems—Building Blocks

Hybrid Energy Systems—Key Drivers

Hybrid Energy Systems—Key Restraints

Hybrid Energy Systems—Annual Capacity Additions of Generation and Storage

Hybrid Energy Systems—Capacity Forecast Discussion

Hybrid Energy Systems—Annual Capacity Additions by Region

Hybrid Energy Systems—Investment Forecast by Technology

Hybrid Energy Systems—Investment Forecast Discussion

Hybrid Energy Systems—Investment Forecast Discussion (continued)

Hybrid Energy Systems—Investment by Region

Hybrid Energy Systems—Global Hotspots

Hybrid Energy Systems—Key Countries Insights

Hybrid Energy Systems—North America

Hybrid Energy Systems—Europe

Hybrid Energy Systems—Asia

Hybrid Energy Systems—Africa

Hybrid Energy Systems—The Middle East

Hybrid Energy Systems—Latin America

Hybrid Energy Systems—Macro to Micro Visioning

The Future of Energy—3D

The Future of Energy—Clean Energy Hubs

Economic Trends—Environmental Urgency

Economic Trends—Africa as a Continent

Disruptive Technologies—Power-to-X

Disruptive Technologies—Other Forms of Energy Storage

Disruptive Technologies—Battery Energy Storage

New Business Models—Collaboration and Service-based

New Business Models—Evolving Contracting Models

Competitive Landscape Trends—Hybridization to Provide Added Value

Competitive Landscape Trends—Differentiation on Digital

Hybrid Energy Systems—Top Predictions

Growth Opportunity 1—Utility-scale Retrofits

Growth Opportunity 2—Distributed Generation Retrofits

Growth Opportunity 3—Expansion to Valuable Electricity Markets

Growth Opportunity 4—Technology-agnostic Approach

Growth Opportunity 5—Collaborative Approach

Growth Opportunity 6—Modularization and Standardization

Growth Opportunity 7—Innovative Financing Models

Growth Opportunity 8—System Optimization-as-a-Service

Hybrid Energy Systems—Strategic Imperatives for Success and Growth

Identifying Your Company’s Growth Zone

Growth Opportunities 1–8—Vision and Strategy

Growth Opportunities Matrix

Growth Strategies for Your Company

Prioritized Opportunities Through Implementation

Legal Disclaimer

List of Exhibits

Related Research
Hybrid energy systems are catching a lot of attention in the energy industry: from utilities and independent power plants (IPPs) to technology providers, system integrators, project developers, and regulators. Globally, the market for large on-grid hybrid energy systems is at an early stage of development, waiting for proper regulations that can recognize its value to grid operations and further reduce storage costs. Opportunities for small hybrid plants in remote electrification in villages and islands, as well for commercial and industrial power supply, are popping up across the world, driven by decarbonization commitments and the combination of thermal generation with renewables and battery storage. Several leading industry participants have begun to embrace hybrids as a way to add value to their offerings and expect this new pattern for power generation to become a new normal in the mid-to-long term. Participants willing to tap into emerging hybrid market opportunities need to develop a set of building blocks to meet demand and create alliances with other companies to cover all the technology and capabilities needed to successfully serve this market. Besides efficient and economical storage solutions, hybrid energy offerings must include powerful control systems that are subject to continued development and will become the new competitive frontier for integrators to differentiate. Frost & Sullivan expects a bright future for the hybrid energy market, with the deployment of hybrid power plants to exceed a four-fold growth, from 9.3 GW in 2019 to 38.6 GW in 2025, catalyzing more than $130 billion in investment during the study period. In line with the trends shaping the overall power market, solar will dominate the hybrids scene, accounting for 54.3% of the total investments in 2030. This study presents regional-level estimations on how hybrids capacity and investments are expected to evolve in the next 5 years across generation technologies. It examines the future visioning scenarios impacting the market, in terms of the future of energy, economic trends, new business models, disruptive technologies, and competitive landscape. The study also highlights the use cases and markets where opportunities for hybrids are developing fast, and the best action points to tackle them. Key growth opportunities discussed include the potential for utility-scale and decentralized retrofits, unlocking additional value from energy markets, adopting a technology-agnostic approach, collaborative strategies, modularization and standardization, innovative financing models, and system optimization as a service. Author: Maria Benintende
More Information
No Index No
Podcast No
Predecessor 9AAE
Author Maria Benintende
Industries Energy
WIP Number MEEB-01-00-00-00
Is Prebook No
GPS Codes 9AFE-A4,9AFF-A4,9B00-A4,9851,GETE