Global Solar Diesel Hybrid Power Systems Market 2016-2020

This market research report presents a detailed segmentation of the global solar diesel hybrid power systems market by end-users (utility, non-residential, and residential) and by geography (the Americas, APAC, and EMEA). The leading vendors dominating in the market are Belectric, Schneider, Siemens, and SMA.

Global market outlook of solar diesel hybrid power systems

Technavio’s market research analyst predicts the global solar diesel hybrid power systems market to grow at a CAGR of around 7% by 2020. With the decrease in the prices of solar power, the rate of photovoltaic (PV) adoption has gained high traction leading to a high number of installations over the years. However, the power output from solar PV depends on factors such as efficiency of the panel, solar irradiation, and the degree of shading, which varies according to the time of day and the amount of cloud cover. To overcome the problem of intermittent nature of solar power and have cheaper, cleaner, and reliable renewable power, several off-grid sites in remote areas are integrating solar PV with diesel generators as a power source, where both the systems can complement each other to provide continuous power. This has led to an increase in the integration of renewables with traditional power generation sources.

Solar diesel hybrid power systems are gaining popularity due to their potential of power-saving attributes in industries like mining and for mini-grids. Vendors in the market are focusing on developing hybrid systems equipped with a fuel controller that can regulate the power generation from both the solar and the diesel improving the efficiency of the total system. Since the weather has a huge impact on PV power generation, the manufacturers have developed weather forecast devices that help in forecasting and optimizing the power systems to work efficiently when there is a sudden change in weather conditions. Also, mobile or portable hybrid systems have been developed for military application and refugee camps where the short-term power supply is needed.

Segmentation by end-user and analysis of the solar diesel hybrid power systems market

• Utility
• Non-residential
• Residential

The non-residential sector will dominate the solar diesel hybrid power systems market by 2020 and is expected to occupy 37% of the overall market share. Several industries are integrating renewable technology such as solar with the existing systems. This integration allows them to reduce the operation cost as well as the dependency on diesel because solar can be the main source of power while diesel systems act as a backup system. The high power consumption, the scale, and duration of the operation in the mining industry will make it one of the potential end users of the solar diesel hybrid system in the coming years.

Geographical segmentation and analysis of the solar diesel hybrid power systems market

• Americas
• APAC
• EMEA

During 2015, APAC dominated the solar diesel hybrid power systems market ad accounted for more than 51% of the total market share. The major growth factors in the region are the absence of reliable grid infrastructure, which has propelled the requirement for micro and mini-grids to supply power to population and industries that are located in the remote areas. Moreover, the region has good climate conditions for generating solar power, which will augment the construction of microgrids in the region in the coming years.

Competitive landscape and key vendors

The market is characterized by the presence of established vendors, however, in several regions, the local players dominate the market. Some vendors provide only the PV systems while the others provide complete turnkey solutions, which has increased the level of competition in this market. The major vendors have an extensive portfolio of energy management solutions, which cover a wide range of industries and can be customized and scaled according to customer requirements. The entry of new vendors in the market is restricted due to the dominance of existing providers who excel in terms of quality, functionalities, and services.

Key vendors in the market are -

• Belectric
• Schneider
• Siemens
• SMA

Other prominent vendors in the solar diesel hybrid power systems market include Danvest, Electro power systems, Heliocentris, OutBack Power, Elgris power, and Solgen.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global solar diesel hybrid power systems market?
• What are the key market trends impacting the growth of the global solar diesel hybrid power systems market?
• What are the challenges to market growth?
• Who are the key vendors in the global solar diesel hybrid power systems market?
• What are the market opportunities and threats faced by the vendors in the global solar diesel hybrid power systems market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global solar diesel hybrid power systems market?

Technavio also offers customization on reports based on specific client requirement.

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• Global Microgrid Market 2015-2019

A solar hybrid power system is a hybrid power system that combines solar power from a photovoltaic (PV) system with another power generating energy source. A photovoltaic-diesel hybrid system is a common type of solar hybrid power system that combines both photovoltaics (PV) and diesel generators to produce power. SMA Solar Technology AG, BELECTRIC, Siemens, and Schneider will be some of the key manufacturers of solar hybrid power systems. These power systems are gradually gaining popularity among end users as the diesel gensets help to fill the gap between the present load and the actual generated power by the PV system.

The report, solar diesel hybrid power systems market, is part of Technavio’s energy research portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as energy storage, power, oil and gas, smart grid, and waste and waste management. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing competitive landscape and a detailed profiling and market analysis of the vendors. Also covered in the research are the key regions or countries that would have an impact on the market during the assessment years.