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Hybrid Solar Wind Energy Storage Market to grow at 9%+ CAGR
from 2017-2024: Global Market Insights Inc.
© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
 Hybrid Solar Wind Energy Storage Market to exceed USD 1.5 Billion by 2024, driven
growing electricity demand. Government mandates toward the deployment of clean
energy systems primarily across commercial establishments will drive the hybrid solar
wind energy storage market growth. Escalating service industry across urban areas
along with aim to achieve energy efficiency will further augment the industry
landscape. The European Union in 2014 set up EU “20-20-20” Climate and Energy
target with an aim to reduce greenhouse gas emissions to 20% by increasing the
share of renewable energy in the overall energy mix by 20% by the end of 2020.
 Government focus to achieve green energy economy structure by raising their
dependency on sustainable and effective power generation sources will upsurge the
UK hybrid solar wind energy storage market. Developers across the country are
working aggressively towards CUF enhancement of their existing renewable systems
which in turn will positively impact the business outlook. In 2015, Ecotricity
announced to establish 15 MW of new solar PV installation to their existing wind
farms.
Industry Overview
© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
 Growing environmental concerns along with the introduction of national renewable integration
targets by respective governments will drive the hybrid solar wind energy storage market.
Favorable government policies and subsidies to promote the deployment of clean energy
systems will stimulate the product demand. For instance, the renewable integration targets
abided by 195 countries in line with the UN Climate Change Conference in 2015 has resulted in
steep growth toward the adoption of hybrid technologies.
 High end technology advancement coupled with introduction of norms to reduce the carbon
footprints will stimulate the Australia market. In 2017, Vestas announced the world’s first utility-
scale project that has a potential to generate and store energy including 43.2 MW of wind, 15
MW of solar and 2MW battery storage.
 The U.S. hybrid solar wind energy storage market will witness growth over 4% by 2024.
Increasing electricity demand primarily across residential and commercial establishments along
with growing awareness towards adoption of clean energy systems will further propel the
industry growth. For instance, in 2017 General Electric ventured with Juhl Energy to construct
4.6 MW of community-based hybrid project involving both solar and wind technologies across
rural Minnesota.
Continue…
© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
Browse Full Market Research Report Of Hybrid Solar
Wind Energy Storage Market @ http://bit.ly/2FRIB6i
Request for a Sample of this Research report @
https://www.gminsights.com/request-sample/detail/2438
© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
U.S. Hybrid Solar Wind Energy Storage Market Size, By End Use, 2016 & 2024 (MW)
© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
Continue
 Ongoing government measures in terms of Net metering, FIT and carbon credit
will drive the grid connected hybrid solar wind energy storage market. Growing
concerns to get continuous and reliable electricity supply to effectively execute
the daily business operations will further augment the industry growth.
 India market is anticipated to witness strong growth over the forecast time frame.
Introduction of hybrid energy specific norms will boost the installation at
significant rate. In 2016, India has become the first country to develop a draft
“National Wind-Solar Hybrid Policy” with an aim to achieve 10 GW hybrid
installations by 2022. The country is also planning to develop a 160-MW mega
project with a total investment of USD 155 million.
 Key market players operating in the hybrid solar wind energy storage industry
comprise of General Electric, Vestas, Siemens Gamesa, Goldwind, Vattenfall,
UNITRON, Suzlon, Tesla, Grupo Dragon, Blue Pacific Solar, Zenith Solar
Systems and ReGen Powertech.
© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
Stay In Touch
Website: www.gminsights.com
Social Media:

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Hybrid Solar Wind Energy Storage Market to grow at 9%+ CAGR from 2017-2024

  • 1. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Hybrid Solar Wind Energy Storage Market to grow at 9%+ CAGR from 2017-2024: Global Market Insights Inc.
  • 2. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  Hybrid Solar Wind Energy Storage Market to exceed USD 1.5 Billion by 2024, driven growing electricity demand. Government mandates toward the deployment of clean energy systems primarily across commercial establishments will drive the hybrid solar wind energy storage market growth. Escalating service industry across urban areas along with aim to achieve energy efficiency will further augment the industry landscape. The European Union in 2014 set up EU “20-20-20” Climate and Energy target with an aim to reduce greenhouse gas emissions to 20% by increasing the share of renewable energy in the overall energy mix by 20% by the end of 2020.  Government focus to achieve green energy economy structure by raising their dependency on sustainable and effective power generation sources will upsurge the UK hybrid solar wind energy storage market. Developers across the country are working aggressively towards CUF enhancement of their existing renewable systems which in turn will positively impact the business outlook. In 2015, Ecotricity announced to establish 15 MW of new solar PV installation to their existing wind farms. Industry Overview
  • 3. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  Growing environmental concerns along with the introduction of national renewable integration targets by respective governments will drive the hybrid solar wind energy storage market. Favorable government policies and subsidies to promote the deployment of clean energy systems will stimulate the product demand. For instance, the renewable integration targets abided by 195 countries in line with the UN Climate Change Conference in 2015 has resulted in steep growth toward the adoption of hybrid technologies.  High end technology advancement coupled with introduction of norms to reduce the carbon footprints will stimulate the Australia market. In 2017, Vestas announced the world’s first utility- scale project that has a potential to generate and store energy including 43.2 MW of wind, 15 MW of solar and 2MW battery storage.  The U.S. hybrid solar wind energy storage market will witness growth over 4% by 2024. Increasing electricity demand primarily across residential and commercial establishments along with growing awareness towards adoption of clean energy systems will further propel the industry growth. For instance, in 2017 General Electric ventured with Juhl Energy to construct 4.6 MW of community-based hybrid project involving both solar and wind technologies across rural Minnesota. Continue…
  • 4. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Browse Full Market Research Report Of Hybrid Solar Wind Energy Storage Market @ http://bit.ly/2FRIB6i Request for a Sample of this Research report @ https://www.gminsights.com/request-sample/detail/2438
  • 5. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com U.S. Hybrid Solar Wind Energy Storage Market Size, By End Use, 2016 & 2024 (MW)
  • 6. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Continue  Ongoing government measures in terms of Net metering, FIT and carbon credit will drive the grid connected hybrid solar wind energy storage market. Growing concerns to get continuous and reliable electricity supply to effectively execute the daily business operations will further augment the industry growth.  India market is anticipated to witness strong growth over the forecast time frame. Introduction of hybrid energy specific norms will boost the installation at significant rate. In 2016, India has become the first country to develop a draft “National Wind-Solar Hybrid Policy” with an aim to achieve 10 GW hybrid installations by 2022. The country is also planning to develop a 160-MW mega project with a total investment of USD 155 million.  Key market players operating in the hybrid solar wind energy storage industry comprise of General Electric, Vestas, Siemens Gamesa, Goldwind, Vattenfall, UNITRON, Suzlon, Tesla, Grupo Dragon, Blue Pacific Solar, Zenith Solar Systems and ReGen Powertech.
  • 7. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Stay In Touch Website: www.gminsights.com Social Media: