1	INTRODUCTION	26
1.1	STUDY OBJECTIVES	26
1.2	MARKET DEFINITION	26
1.2.1	INCLUSIONS AND EXCLUSIONS	27
TABLE 1	HYBRID POWER SOLUTIONS MARKET: INCLUSIONS AND EXCLUSIONS, BY SYSTEM TYPE	27
TABLE 2	HYBRID POWER SOLUTIONS MARKET: INCLUSIONS AND EXCLUSIONS, BY CAPACITY	28
TABLE 3	HYBRID POWER SOLUTIONS MARKET: INCLUSIONS AND EXCLUSIONS, BY GRID CONNECTIVITY	28
TABLE 4	HYBRID POWER SOLUTIONS MARKET: INCLUSIONS AND EXCLUSIONS, BY END USER	28
1.3	MARKET SCOPE	29
1.3.1	MARKETS COVERED	29
1.3.2	REGIONAL SCOPE	30
1.3.3	YEARS CONSIDERED	30
1.3.4	CURRENCY CONSIDERED	31
1.4	LIMITATIONS	31
1.5	STAKEHOLDERS	31
1.6	RECESSION IMPACT	32
1.7	SUMMARY OF CHANGES	32
2	RESEARCH METHODOLOGY	33
2.1	RESEARCH DATA	33
FIGURE 1	HYBRID POWER SOLUTIONS MARKET: RESEARCH DESIGN	33
2.2	MARKET BREAKDOWN AND DATA TRIANGULATION	34
FIGURE 2	DATA TRIANGULATION	34
2.2.1	SECONDARY DATA	34
2.2.1.1	Key data from secondary sources	35
2.2.2	PRIMARY DATA	35
2.2.2.1	Key data from primary sources	36
2.2.2.2	Breakdown of primaries	36
2.3	SCOPE	37
FIGURE 3	MAIN METRICS CONSIDERED TO ANALYZE AND ASSESS DEMAND FOR HYBRID POWER SOLUTIONS	38
2.4	MARKET SIZE ESTIMATION	38
2.4.1	BOTTOM-UP APPROACH	39
FIGURE 4	MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH	39
2.4.2	TOP-DOWN APPROACH	40
FIGURE 5	MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH	40
2.4.3	DEMAND-SIDE ANALYSIS	41
2.4.3.1	Regional analysis	41
2.4.3.2	Country-level analysis	41
2.4.3.3	Assumptions for demand-side analysis	42
2.4.3.4	Calculations for demand-side analysis	42
2.4.4	SUPPLY-SIDE ANALYSIS	43
FIGURE 6	KEY STEPS CONSIDERED TO ASSESS SUPPLY OF HYBRID POWER SOLUTIONS	43
FIGURE 7	HYBRID POWER SOLUTIONS MARKET: SUPPLY-SIDE ANALYSIS	43
2.4.4.1	Calculations for supply-side analysis	44
2.4.4.2	Assumptions for supply-side analysis	44
2.4.5	FORECAST	44
2.5	RISK ASSESSMENT	44
2.6	IMPACT OF RECESSION	44
3	EXECUTIVE SUMMARY	45
TABLE 5	HYBRID POWER SOLUTIONS MARKET SNAPSHOT	45
FIGURE 8	SOUTH AMERICA TO REGISTER HIGHEST CAGR IN HYBRID POWER SOLUTIONS MARKET DURING FORECAST PERIOD	46
FIGURE 9	ABOVE 1 MW SEGMENT TO LEAD HYBRID POWER SOLUTIONS MARKET DURING FORECAST PERIOD	46
FIGURE 10	ON-GRID TO BE DOMINANT SEGMENT IN HYBRID POWER SOLUTIONS MARKET DURING FORECAST PERIOD	47
FIGURE 11	INDUSTRIAL SEGMENT TO LEAD HYBRID POWER SOLUTIONS MARKET DURING FORECAST PERIOD	47
FIGURE 12	SOLAR-WIND SEGMENT TO LEAD HYBRID POWER SOLUTIONS MARKET DURING FORECAST PERIOD	48
4	PREMIUM INSIGHTS	49
4.1	ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN HYBRID POWER SOLUTIONS MARKET	49
FIGURE 13	RISING ADOPTION OF RENEWABLE SOURCES IN POWER GENERATION	49
4.2	HYBRID POWER SOLUTIONS MARKET, BY REGION	49
FIGURE 14	SOUTH AMERICAN HYBRID POWER SOLUTIONS MARKET TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD	49
4.3	NORTH AMERICAN HYBRID POWER SOLUTIONS MARKET, BY END USER AND COUNTRY	50
FIGURE 15	INDUSTRIAL SEGMENT AND US HELD LARGEST SHARES OF NORTH AMERICAN HYBRID POWER SOLUTIONS MARKET IN 2022	50
4.4	HYBRID POWER SOLUTIONS MARKET, BY SYSTEM TYPE	50
FIGURE 16	SOLAR-WIND SEGMENT TO DOMINATE HYBRID POWER SOLUTIONS MARKET IN 2028	50
4.5	HYBRID POWER SOLUTIONS MARKET, BY END USER	51
FIGURE 17	INDUSTRIAL SEGMENT TO ACCOUNT FOR LARGEST SHARE OF HYBRID POWER SOLUTIONS MARKET IN 2028	51
4.6	HYBRID POWER SOLUTIONS MARKET, BY GRID CONNECTIVITY	51
FIGURE 18	ON-GRID SEGMENT TO ACCOUNT FOR LARGER SHARE OF HYBRID POWER SOLUTIONS MARKET IN 2028	51
4.7	HYBRID POWER SOLUTIONS MARKET, BY CAPACITY	52
FIGURE 19	ABOVE 1 MW SEGMENT TO ACCOUNT FOR LARGEST SHARE OF HYBRID POWER SOLUTIONS MARKET IN 2028	52
5	MARKET OVERVIEW	53
5.1	INTRODUCTION	53
5.2	MARKET DYNAMICS	54
FIGURE 20	HYBRID POWER SOLUTIONS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES	54
5.2.1	DRIVERS	54
5.2.1.1	Increased hybrid power generation in off-grid locations	54
FIGURE 21	OFF-GRID CAPACITY, BY SOURCE, 2019–2021	55
FIGURE 22	OFFSHORE WIND INSTALLATION CAPACITY (GW), BY REGION, 2018–2050	55
5.2.1.2	Lower operating costs than conventional diesel generators	56
FIGURE 23	FLUCTUATIONS IN GLOBAL FUEL PRICES, 2015–2019	56
5.2.2	RESTRAINTS	57
5.2.2.1	High initial investments	57
FIGURE 24	CAPITAL COST ASSOCIATED WITH SOLAR-DIESEL-BASED HYBRID POWER SOLUTIONS, BY COMPONENT (%)	57
5.2.2.2	Higher payback time than conventional diesel generators	57
5.2.3	OPPORTUNITIES	58
5.2.3.1	Reduction in carbon emissions	58
TABLE 6	EMISSION REDUCTION TARGETS	59
5.2.3.2	Growing requirement for uninterrupted power from telecom infrastructure operators	59
5.2.4	CHALLENGES	60
5.2.4.1	Complex system integration	60
5.2.4.2	Solar panel failures	60
5.3	TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES	61
FIGURE 25	REVENUE SHIFTS AND NEW REVENUE POCKETS FOR PLAYERS IN HYBRID POWER SOLUTIONS MARKET	61
5.4	ECOSYSTEM ANALYSIS	62
TABLE 7	HYBRID POWER SOLUTIONS MARKET: ECOSYSTEM ANALYSIS	62
FIGURE 26	HYBRID POWER SOLUTIONS MARKET: ECOSYSTEM ANALYSIS	63
5.5	VALUE CHAIN ANALYSIS	63
FIGURE 27	HYBRID POWER SOLUTIONS MARKET: VALUE CHAIN ANALYSIS	63
5.5.1	RAW MATERIAL PROVIDERS/SUPPLIERS/COMPONENT MANUFACTURERS	64
5.5.2	HYBRID POWER SOLUTION MANUFACTURERS/ASSEMBLERS	64
5.5.3	SYSTEM INTEGRATORS	64
5.5.4	DISTRIBUTORS/RESELLERS	64
5.5.5	PROJECT DEVELOPERS AND ENGINEERING, PROCUREMENT, AND CONSTRUCTION (EPC) COMPANIES	64
5.5.6	END USERS	64
5.5.7	MAINTENANCE AND SERVICE PROVIDERS	64
5.6	PRICING ANALYSIS	65
FIGURE 28	AVERAGE SELLING PRICE (ASP) OF HYBRID POWER SOLUTIONS, BY SYSTEM TYPE	65
TABLE 8	AVERAGE SELLING PRICE (ASP) OF HYBRID POWER SOLUTIONS, BY SYSTEM TYPE (USD THOUSAND/MW)	65
TABLE 9	AVERAGE SELLING PRICE (ASP) ANALYSIS, BY REGION (2021 AND 2028)	65
FIGURE 29	AVERAGE SELLING PRICE (ASP) ANALYSIS, BY REGION (2021 AND 2028)	66
5.7	TECHNOLOGY ANALYSIS	66
5.7.1	SMART MICROGRID	66
5.8	TARIFFS, CODES, AND REGULATIONS	67
5.8.1	TARIFF RELATED TO HYBRID POWER SOLUTION UNITS	67
TABLE 10	TARIFF RELATED TO ELECTRIC MOTORS AND GENERATORS	67
TABLE 11	TARIFF RELATED TO HYDROGEN	68
5.8.2	CODES AND REGULATIONS RELATED TO HYBRID POWER SOLUTIONS	68
5.8.3	CARBON-REDUCTION POLICY TRENDS IN ENERGY INDUSTRY	68
5.8.4	CLIMATE SOLUTIONS ACT	69
5.8.5	REGULATIONS RELATED TO HYBRID POWER SOLUTIONS	69
TABLE 12	HYBRID POWER SOLUTIONS MARKET: REGULATIONS	69
5.9	PATENT ANALYSIS	70
TABLE 13	HYBRID POWER SOLUTIONS MARKET: INNOVATIONS AND PATENT REGISTRATIONS	70
5.10	TRADE ANALYSIS	73
5.10.1	EXPORT SCENARIO FOR ELECTRIC MOTORS AND GENERATORS	73
TABLE 14	EXPORT SCENARIO FOR HS CODE: 8501, BY COUNTRY, 2020–2022 (USD THOUSAND)	73
5.10.2	IMPORT SCENARIO FOR ELECTRIC MOTORS AND GENERATORS	74
TABLE 15	IMPORT SCENARIO FOR HS CODE: 8501, BY COUNTRY, 2020–2022 (USD THOUSAND)	74
5.11	KEY CONFERENCES AND EVENTS, 2023–2024	75
TABLE 16	HYBRID POWER SOLUTIONS MARKET: LIST OF CONFERENCES AND EVENTS	75
5.12	CASE STUDY ANALYSIS	76
5.12.1	MAN ENERGY SOLUTIONS TACKLED CHALLENGE OF RELIABLE POWER SUPPLY BY COMBINING RENEWABLE ENERGY SOURCES WITH HIGHLY ADAPTABLE GENSETS	76
5.12.2	MAN ENERGY SOLUTIONS BUILT NEW HYBRID POWER SYSTEM FOR MINING INDUSTRY	76
5.13	PORTER’S FIVE FORCES ANALYSIS	77
TABLE 17	HYBRID POWER SOLUTIONS MARKET: PORTER’S FIVE FORCES ANALYSIS	77
FIGURE 30	HYBRID POWER SOLUTIONS MARKET: PORTER’S FIVE FORCES ANALYSIS	77
5.13.1	THREAT OF SUBSTITUTES	78
5.13.2	BARGAINING POWER OF SUPPLIERS	78
5.13.3	BARGAINING POWER OF BUYERS	78
5.13.4	THREAT OF NEW ENTRANTS	78
5.13.5	INTENSITY OF COMPETITIVE RIVALRY	78
5.14	KEY STAKEHOLDERS AND BUYING CRITERIA	79
5.14.1	KEY STAKEHOLDERS IN BUYING PROCESS	79
FIGURE 31	INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER	79
TABLE 18	INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER (%)	79
5.14.2	BUYING CRITERIA	79
FIGURE 32	KEY BUYING CRITERIA, BY END USER	79
TABLE 19	KEY BUYING CRITERIA, BY END USER	80
6	HYBRID POWER SOLUTIONS MARKET, BY SYSTEM TYPE	81
6.1	INTRODUCTION	82
FIGURE 33	HYBRID POWER SOLUTIONS MARKET, BY SYSTEM TYPE, 2022	82
TABLE 20	HYBRID POWER SOLUTIONS MARKET, BY SYSTEM TYPE, 2021–2028 (USD MILLION)	82
6.2	SOLAR-FOSSIL	83
6.2.1	INCREASING DEMAND FOR CLEAN ENERGY TO COMBAT CLIMATE CHANGE AND REDUCE GREENHOUSE GAS EMISSIONS	83
TABLE 21	SOLAR-FOSSIL: HYBRID POWER SOLUTIONS MARKET, BY REGION, 2021–2028 (USD MILLION)	83
6.3	WIND-FOSSIL	83
6.3.1	CAPABILITY TO ADDRESS INTERMITTENCY OF WIND ENERGY AND ENSURE STABLE AND RELIABLE ELECTRICITY SUPPLY	83
TABLE 22	WIND-FOSSIL: HYBRID POWER SOLUTIONS MARKET, BY REGION, 2021–2028 (USD MILLION)	84
6.4	SOLAR-WIND-FOSSIL	84
6.4.1	HIGH EFFICIENCY AND ABILITY TO OVERCOME CHALLENGES OF INTERMITTENT SOLAR AND WIND ENERGY	84
TABLE 23	SOLAR-WIND-FOSSIL: HYBRID POWER SOLUTIONS MARKET, BY REGION, 2021–2028 (USD MILLION)	84
6.5	SOLAR-WIND	85
6.5.1	RISING DEVELOPMENT OF LARGE-SCALE POWER PLANTS	85
TABLE 24	SOLAR-WIND: HYBRID POWER SOLUTIONS MARKET, BY REGION, 2021–2028 (USD MILLION)	85
6.6	OTHERS	85
TABLE 25	OTHERS: HYBRID POWER SOLUTIONS MARKET, BY REGION, 2021–2028 (USD MILLION)	86
7	HYBRID POWER SOLUTIONS MARKET, BY CAPACITY	87
7.1	INTRODUCTION	88
FIGURE 34	HYBRID POWER SOLUTIONS MARKET, BY CAPACITY, 2022	88
TABLE 26	HYBRID POWER SOLUTIONS MARKET, BY CAPACITY, 2021–2028 (USD MILLION)	88
7.2	UP TO 100 KW	88
7.2.1	HIGH ADOPTION IN RESIDENTIAL SECTOR	88
TABLE 27	UP TO 100 KW: HYBRID POWER SOLUTIONS MARKET, BY REGION, 2021–2028 (USD MILLION)	89
7.3	100 KW–1 MW	89
7.3.1	VERSATILITY AND ABILITY TO MEET SPECIFIC ENERGY NEEDS	89
TABLE 28	100 KW–1 MW: HYBRID POWER SOLUTIONS MARKET, BY REGION, 2021–2028 (USD MILLION)	89
7.4	ABOVE 1 MW	90
7.4.1	INCREASING INVESTMENTS IN LARGE-SCALE HYBRID POWER PLANTS	90
TABLE 29	ABOVE 1 MW: HYBRID POWER SOLUTIONS MARKET, BY REGION, 2021–2028 (USD MILLION)	90
8	HYBRID POWER SOLUTIONS MARKET, BY GRID CONNECTIVITY	91
8.1	INTRODUCTION	92
FIGURE 35	HYBRID POWER SOLUTIONS MARKET, BY GRID CONNECTIVITY, 2022	92
TABLE 30	HYBRID POWER SOLUTIONS MARKET, BY GRID CONNECTIVITY, 2021–2028 (USD MILLION)	92
8.2	ON-GRID	92
8.2.1	GROWING NEED TO REDUCE POWER PEAK DEMAND AND GREENHOUSE GAS EMISSIONS	92
TABLE 31	ON-GRID: HYBRID POWER SOLUTIONS MARKET, BY REGION, 2021–2028 (USD MILLION)	93
8.3	OFF-GRID	93
8.3.1	INCREASING REQUIREMENT FOR RELIABLE POWER IN REMOTE AREAS	93
TABLE 32	OFF-GRID: HYBRID POWER SOLUTIONS MARKET, BY REGION, 2021–2028 (USD MILLION)	93
9	HYBRID POWER SOLUTIONS MARKET, BY END USER	94
9.1	INTRODUCTION	95
FIGURE 36	HYBRID POWER SOLUTIONS MARKET, BY END USER, 2022	95
TABLE 33	HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)	95
9.2	RESIDENTIAL	95
9.2.1	RISING NEED TO REDUCE RELIANCE ON TRADITIONAL GRID ELECTRICITY	95
TABLE 34	RESIDENTIAL: HYBRID POWER SOLUTIONS MARKET, BY REGION, 2021–2028 (USD MILLION)	96
9.3	COMMERCIAL	96
9.3.1	GROWING ADOPTION TO MEET ENERGY NEEDS AND REDUCE OPERATIONAL COSTS	96
TABLE 35	COMMERCIAL: HYBRID POWER SOLUTIONS MARKET, BY REGION, 2021–2028 (USD MILLION)	96
9.4	INDUSTRIAL	97
9.4.1	HIGH POWER REQUIREMENT IN REMOTE LOCATIONS	97
TABLE 36	INDUSTRIAL: HYBRID POWER SOLUTIONS MARKET, BY REGION, 2021–2028 (USD MILLION)	97
10	HYBRID POWER SOLUTIONS MARKET, BY REGION	98
10.1	INTRODUCTION	99
FIGURE 37	SOUTH AMERICAN HYBRID POWER SOLUTIONS MARKET TO REGISTER HIGHEST CAGR FROM 2023 TO 2028	99
FIGURE 38	HYBRID POWER SOLUTIONS MARKET, BY REGION, 2022 (%)	100
TABLE 37	HYBRID POWER SOLUTIONS MARKET, BY REGION, 2021–2028 (USD MILLION)	100
TABLE 38	HYBRID POWER SOLUTIONS MARKET, BY REGION, 2021–2028 (MW)	100
10.2	ASIA PACIFIC	101
FIGURE 39	ASIA PACIFIC: SNAPSHOT OF HYBRID POWER SOLUTIONS MARKET	102
10.2.1	ASIA PACIFIC: RECESSION IMPACT	102
10.2.2	BY SYSTEM TYPE	103
TABLE 39	ASIA PACIFIC: HYBRID POWER SOLUTIONS MARKET, BY SYSTEM TYPE, 2021–2028 (USD MILLION)	103
10.2.3	BY CAPACITY	103
TABLE 40	ASIA PACIFIC: HYBRID POWER SOLUTIONS MARKET, BY CAPACITY, 2021–2028 (USD MILLION)	103
10.2.4	BY END USER	104
TABLE 41	ASIA PACIFIC: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)	104
10.2.5	BY GRID CONNECTIVITY	104
TABLE 42	ASIA PACIFIC: HYBRID POWER SOLUTIONS MARKET, BY GRID CONNECTIVITY, 2021–2028 (USD MILLION)	104
10.2.6	BY COUNTRY	104
TABLE 43	ASIA PACIFIC: HYBRID POWER SOLUTIONS MARKET, BY COUNTRY, 2021–2028 (USD MILLION)	104
10.2.6.1	China	105
10.2.6.1.1	Rising emphasis on diversifying energy sources and reducing reliance on traditional fossil fuels	105
TABLE 44	CHINA: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)	105
10.2.6.2	India	105
10.2.6.2.1	Adoption of renewable energy and sustainable practices to address energy security and environmental concerns	105
TABLE 45	INDIA: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)	106
10.2.6.3	Japan	106
10.2.6.3.1	Government-led policies, feed-in tariffs, and subsidies	106
TABLE 46	JAPAN: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)	106
10.2.6.4	Australia	107
10.2.6.4.1	Abundance of renewable energy resources and electrification of remote off-grid locations	107
TABLE 47	AUSTRALIA: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)	107
10.2.6.5	South Korea	107
10.2.6.5.1	Rapid industrialization and urbanization	107
TABLE 48	SOUTH KOREA: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)	108
10.2.6.6	Taiwan	108
10.2.6.6.1	Presence of favorable government policies	108
TABLE 49	TAIWAN: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)	108
10.2.6.7	Rest of Asia Pacific	108
TABLE 50	REST OF ASIA PACIFIC: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)	109
10.3	MIDDLE EAST & AFRICA	109
FIGURE 40	MIDDLE EAST & AFRICA: SNAPSHOT OF HYBRID POWER SOLUTIONS MARKET	110
10.3.1	MIDDLE EAST & AFRICA: RECESSION IMPACT	110
10.3.2	BY SYSTEM TYPE	111
TABLE 51	MIDDLE EAST & AFRICA: HYBRID POWER SOLUTIONS MARKET, BY SYSTEM TYPE, 2021–2028 (USD MILLION)	111
10.3.3	BY CAPACITY	111
TABLE 52	MIDDLE EAST & AFRICA: HYBRID POWER SOLUTIONS MARKET, BY CAPACITY, 2021–2028 (USD MILLION)	111
10.3.4	BY END USER	111
TABLE 53	MIDDLE EAST & AFRICA: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)	111
10.3.5	BY GRID CONNECTIVITY	112
TABLE 54	MIDDLE EAST & AFRICA: HYBRID POWER SOLUTIONS MARKET, BY GRID CONNECTIVITY, 2021–2028 (USD MILLION)	112
10.3.6	BY COUNTRY	112
TABLE 55	MIDDLE EAST & AFRICA: HYBRID POWER SOLUTIONS MARKET, BY COUNTRY, 2021–2028 (USD MILLION)	112
10.3.6.1	Egypt	112
10.3.6.1.1	Growing adoption of sustainable energy practices	112
TABLE 56	EGYPT: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)	113
10.3.6.2	Nigeria	113
10.3.6.2.1	Renewable energy commitments	113
TABLE 57	NIGERIA: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)	113
10.3.6.3	Senegal	114
10.3.6.3.1	Renewable energy initiatives to diversify energy sources, reduce carbon emissions, and enhance energy security	114
TABLE 58	SENEGAL: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)	114
10.3.6.4	South Africa	114
10.3.6.4.1	Rapid urbanization and rising number of renewable energy projects	114
TABLE 59	SOUTH AFRICA: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)	115
10.3.6.5	Rest of Middle East & Africa	115
TABLE 60	REST OF MIDDLE EAST & AFRICA: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)	115
10.4	EUROPE	116
FIGURE 41	EUROPE: SNAPSHOT OF HYBRID POWER SOLUTIONS MARKET	116
10.4.1	RECESSION IMPACT: EUROPE	117
10.4.2	BY SYSTEM TYPE	117
TABLE 61	EUROPE: HYBRID POWER SOLUTIONS MARKET, BY SYSTEM TYPE, 2021–2028 (USD MILLION)	117
10.4.3	BY CAPACITY	117
TABLE 62	EUROPE: HYBRID POWER SOLUTIONS MARKET, BY CAPACITY, 2021–2028 (USD MILLION)	117
10.4.4	BY END USER	118
TABLE 63	EUROPE: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)	118
10.4.5	BY GRID CONNECTIVITY	118
TABLE 64	EUROPE: HYBRID POWER SOLUTIONS MARKET, BY GRID CONNECTIVITY, 2021–2028 (USD MILLION)	118
10.4.6	BY COUNTRY	118
TABLE 65	EUROPE: HYBRID POWER SOLUTIONS MARKET, BY COUNTRY, 2021–2028 (USD MILLION)	118
10.4.6.1	UK	119
10.4.6.1.1	Strong commitment toward sustainable future and technological advancements	119
TABLE 66	UK: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)	119
10.4.6.2	Germany	119
10.4.6.2.1	Shift toward renewable energy sources to decrease carbon emissions	119
TABLE 67	GERMANY: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)	120
10.4.6.3	Sweden	120
10.4.6.3.1	Rising focus on reducing carbon emissions	120
TABLE 68	SWEDEN: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)	120
10.4.6.4	France	120
10.4.6.4.1	Rising number of hybrid projects	120
TABLE 69	FRANCE: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)	121
10.4.6.5	Netherlands	121
10.4.6.5.1	Advancements in hybrid power technologies	121
TABLE 70	NETHERLANDS: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)	121
10.4.6.6	Spain	122
10.4.6.6.1	Declining costs of renewable energy technologies and favorable environment for solar-wind hybrid systems	122
TABLE 71	SPAIN: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)	122
10.4.6.7	Rest of Europe	122
TABLE 72	REST OF EUROPE: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)	123
10.5	NORTH AMERICA	123
10.5.1	NORTH AMERICA: RECESSION IMPACT	123
10.5.2	BY SYSTEM TYPE	124
TABLE 73	NORTH AMERICA: HYBRID POWER SOLUTIONS MARKET, BY SYSTEM TYPE, 2021–2028 (USD MILLION)	124
10.5.3	BY CAPACITY	124
TABLE 74	NORTH AMERICA: HYBRID POWER SOLUTIONS MARKET, BY CAPACITY, 2021–2028 (USD MILLION)	124
10.5.4	BY END USER	124
TABLE 75	NORTH AMERICA: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)	124
10.5.5	BY GRID CONNECTIVITY	125
TABLE 76	NORTH AMERICA: HYBRID POWER SOLUTIONS MARKET, BY GRID CONNECTIVITY, 2021–2028 (USD MILLION)	125
10.5.6	BY COUNTRY	125
TABLE 77	NORTH AMERICA: HYBRID POWER SOLUTIONS MARKET, BY COUNTRY, 2021–2028 (USD MILLION)	125
10.5.6.1	US	125
10.5.6.1.1	Presence of sustainable energy landscape and increasing investments in hybrid projects	125
TABLE 78	US: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)	126
10.5.6.2	Canada	126
10.5.6.2.1	Increasing investments in renewable energy sources attributed to supportive government policies, incentives, and grants	126
TABLE 79	CANADA: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)	126
10.5.6.3	Mexico	127
10.5.6.3.1	Technological advancements and decreasing renewable energy costs	127
TABLE 80	MEXICO: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)	127
10.6	SOUTH AMERICA	127
10.6.1	SOUTH AMERICA: RECESSION IMPACT	128
10.6.2	BY SYSTEM TYPE	128
TABLE 81	SOUTH AMERICA: HYBRID POWER SOLUTIONS MARKET, BY SYSTEM TYPE, 2021–2028 (USD MILLION)	128
10.6.3	BY CAPACITY	128
TABLE 82	SOUTH AMERICA: HYBRID POWER SOLUTIONS MARKET, BY CAPACITY, 2021–2028 (USD MILLION)	128
10.6.4	BY END USER	129
TABLE 83	SOUTH AMERICA: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)	129
10.6.5	BY GRID CONNECTIVITY	129
TABLE 84	SOUTH AMERICA: HYBRID POWER SOLUTIONS MARKET, BY GRID CONNECTIVITY, 2021–2028 (USD MILLION)	129
10.6.6	BY COUNTRY	129
TABLE 85	SOUTH AMERICA: HYBRID POWER SOLUTIONS MARKET, BY COUNTRY, 2021–2028 (USD MILLION)	129
10.6.6.1	Brazil	130
10.6.6.1.1	Government-led regulations and initiatives to combat climate change	130
TABLE 86	BRAZIL: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)	130
10.6.6.2	Chile	130
10.6.6.2.1	Rising focus on reducing dependence on imported fossil fuels	130
TABLE 87	CHILE: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)	131
10.6.6.3	Rest of South America	131
TABLE 88	REST OF SOUTH AMERICA: HYBRID POWER SOLUTIONS MARKET, BY END USER, 2021–2028 (USD MILLION)	131
11	COMPETITIVE LANDSCAPE	132
11.1	OVERVIEW	132
11.1.1	KEY STRATEGIES ADOPTED BY MAJOR PLAYERS	132
TABLE 89	HYBRID POWER SOLUTIONS MARKET: KEY STRATEGIES ADOPTED BY MAJOR PLAYERS, 2018–2022	132
11.2	MARKET SHARE ANALYSIS, 2022	133
FIGURE 42	HYBRID POWER SOLUTIONS MARKET SHARE ANALYSIS, 2022	134
11.3	REVENUE ANALYSIS, 2018–2022	134
FIGURE 43	HYBRID POWER SOLUTIONS MARKET: REVENUE ANALYSIS, 2018–2022	134
11.4	COMPANY EVALUATION MATRIX, 2022	135
11.4.1	STARS	135
11.4.2	PERVASIVE PLAYERS	135
11.4.3	EMERGING LEADERS	135
11.4.4	PARTICIPANTS	135
FIGURE 44	HYBRID POWER SOLUTIONS MARKET: COMPANY EVALUATION MATRIX, 2022	136
11.5	COMPETITIVE BENCHMARKING	137
TABLE 90	SYSTEM TYPE: COMPANY FOOTPRINT	137
TABLE 91	END USER: COMPANY FOOTPRINT	138
TABLE 92	CAPACITY: COMPANY FOOTPRINT	139
TABLE 93	GRID CONNECTIVITY: COMPANY FOOTPRINT	140
TABLE 94	REGION: COMPANY FOOTPRINT	141
TABLE 95	COMPANY FOOTPRINT	142
11.6	COMPETITIVE SCENARIOS AND TRENDS	143
TABLE 96	HYBRID POWER SOLUTIONS MARKET: PRODUCT LAUNCHES, JANUARY 2019–JANUARY 2023	143
TABLE 97	HYBRID POWER SOLUTIONS MARKET: DEALS, JANUARY 2019–JANUARY 2023	143
TABLE 98	HYBRID POWER SOLUTIONS MARKET: OTHERS, JANUARY 2019–JANUARY 2023	144
12	COMPANY PROFILES	145
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
12.1	KEY PLAYERS	145
12.1.1	VERTIV GROUP CORP.	145
TABLE 99	VERTIV GROUP CORP.: COMPANY OVERVIEW	145
FIGURE 45	VERTIV GROUP CORP.: COMPANY SNAPSHOT	146
TABLE 100	VERTIV GROUP CORP.: PRODUCTS/SOLUTIONS/SERVICES OFFERED	146
12.1.2	GENERAL ELECTRIC	148
TABLE 101	GENERAL ELECTRIC: COMPANY OVERVIEW	148
FIGURE 46	GENERAL ELECTRIC: COMPANY SNAPSHOT	149
TABLE 102	GENERAL ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED	150
TABLE 103	GENERAL ELECTRIC: PRODUCT LAUNCHES	150
TABLE 104	GENERAL ELECTRIC: DEALS	150
TABLE 105	GENERAL ELECTRIC: OTHERS	151
12.1.3	SIEMENS ENERGY	152
TABLE 106	SIEMENS ENERGY: COMPANY OVERVIEW	152
FIGURE 47	SIEMENS ENERGY: COMPANY SNAPSHOT	153
TABLE 107	SIEMENS ENERGY: PRODUCTS/SOLUTIONS/SERVICES OFFERED	153
TABLE 108	SIEMENS ENERGY: DEALS	154
12.1.4	VESTAS	155
TABLE 109	VESTAS: COMPANY OVERVIEW	155
FIGURE 48	VESTAS: COMPANY SNAPSHOT	156
TABLE 110	VESTAS: PRODUCTS/SOLUTIONS/SERVICES OFFERED	156
TABLE 111	VESTAS: OTHERS	157
12.1.5	WÄRTSILÄ	158
TABLE 112	WÄRTSILÄ: COMPANY OVERVIEW	158
FIGURE 49	WÄRTSILÄ: COMPANY SNAPSHOT	159
TABLE 113	WÄRTSILÄ: PRODUCTS/SOLUTIONS/SERVICES OFFERED	160
TABLE 114	WÄRTSILÄ: PRODUCT LAUNCHES	160
TABLE 115	WÄRTSILÄ: DEALS	160
TABLE 116	WÄRTSILÄ: OTHERS	161
12.1.6	SMA SOLAR TECHNOLOGY AG	163
TABLE 117	SMA SOLAR TECHNOLOGY AG: COMPANY OVERVIEW	163
FIGURE 50	SMA SOLAR TECHNOLOGY AG: COMPANY SNAPSHOT	164
TABLE 118	SMA SOLAR TECHNOLOGY AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED	165
12.1.7	HUAWEI TECHNOLOGIES CO., LTD.	166
TABLE 119	HUAWEI TECHNOLOGIES CO., LTD.: COMPANY OVERVIEW	166
TABLE 120	HUAWEI TECHNOLOGIES CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED	166
TABLE 121	HUAWEI TECHNOLOGIES CO. LTD.: PRODUCT LAUNCHES	167
12.1.8	ZTE CORPORATION	168
TABLE 122	ZTE CORPORATION: COMPANY OVERVIEW	168
FIGURE 51	ZTE CORPORATION: COMPANY SNAPSHOT	169
TABLE 123	ZTE CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED	169
12.1.9	DELTA ELECTRONICS, INC.	170
TABLE 124	DELTA ELECTRONICS, INC.: COMPANY OVERVIEW	170
FIGURE 52	DELTA ELECTRONICS, INC.: COMPANY SNAPSHOT	171
TABLE 125	DELTA ELECTRONICS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED	171
TABLE 126	DELTA ELECTRONICS, INC.: DEALS	172
12.1.10	LONGI	173
TABLE 127	LONGI: COMPANY OVERVIEW	173
FIGURE 53	LONGI: COMPANY SNAPSHOT	174
TABLE 128	LONGI: PRODUCTS/SOLUTIONS/SERVICES OFFERED	174
TABLE 129	LONGI: DEALS	175
12.1.11	CHINT GROUP	176
TABLE 130	CHINT GROUP: COMPANY OVERVIEW	176
TABLE 131	CHINT GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED	176
12.1.12	VERGNET SA	177
TABLE 132	VERGNET SA: COMPANY OVERVIEW	177
TABLE 133	VERGNET SA: PRODUCTS/SOLUTIONS/SERVICES OFFERED	177
12.1.13	FRONIUS INTERNATIONAL GMBH	178
TABLE 134	FRONIUS INTERNATIONAL GMBH: COMPANY OVERVIEW	178
TABLE 135	FRONIUS INTERNATIONAL GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED	178
12.1.14	PFISTERER HOLDING AG	179
TABLE 136	PFISTERER HOLDING AG: COMPANY OVERVIEW	179
TABLE 137	PFISTERER HOLDING AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED	179
12.1.15	MAN ENERGY SOLUTIONS	180
TABLE 138	MAN ENERGY SOLUTIONS: COMPANY OVERVIEW	180
TABLE 139	MAN ENERGY SOLUTIONS: PRODUCTS/SOLUTIONS/SERVICES OFFERED	180
12.2	OTHER PLAYERS	181
12.2.1	DANVEST BV	181
12.2.2	SILVER POWER SYSTEMS	181
12.2.3	WUXI CHWAY TECHNOLOGY CO., LTD.	182
12.2.4	FOSHAN TANFON ENERGY CO., LTD.	182
12.2.5	CLEAR BLUE TECHNOLOGIES INC.	183
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
 
13	APPENDIX	184
13.1	INSIGHTS FROM INDUSTRY EXPERTS	184
13.2	DISCUSSION GUIDE	185
13.3	KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL	190
13.4	CUSTOMIZATION OPTIONS	192
13.5	RELATED REPORTS	192
13.6	AUTHOR DETAILS	193
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