Residential Hybrid Solar Wind Energy Storage Market to grow at 7
More Information @ http://bit.ly/2G5RWe2 Residential hybrid solar wind energy storage market size is predicted to grow over 7% by 2024. Ongoing electrification program across developing economies along with growing awareness toward the adoption of RE systems will stimulate the industry growth. As per National Renewable Energy Laboratory, the Township Electrification Program have facilitated almost 97% of Chinese households with renewable energy.
More Information @ http://bit.ly/2G5RWe2
Residential hybrid solar wind energy storage market size is predicted to grow over 7% by 2024. Ongoing electrification program across developing economies along with growing awareness toward the adoption of RE systems will stimulate the industry growth. As per National Renewable Energy Laboratory, the Township Electrification Program have facilitated almost 97% of Chinese households with renewable energy.
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<strong>Hybrid</strong> <strong>Solar</strong> <strong>Wind</strong> <strong>Energy</strong> <strong>S<strong>to</strong>rage</strong> <strong>Market</strong> <strong>to</strong> hit<br />
$1.5bn by 2024: Global <strong>Market</strong> Insights Inc.<br />
<strong>Hybrid</strong> <strong>Solar</strong> <strong>Wind</strong> <strong>Energy</strong> <strong>S<strong>to</strong>rage</strong> <strong>Market</strong> <strong>to</strong> exceed USD 1.5 Billion by 2024, driven<br />
<strong>grow</strong>ing electricity demand. Government mand<strong>at</strong>es <strong>to</strong>ward the deployment of clean<br />
energy systems primarily across commercial establishments will drive the hybrid<br />
solar wind energy s<strong>to</strong>rage market <strong>grow</strong>th. Escal<strong>at</strong>ing service industry across urban<br />
areas along with aim <strong>to</strong> achieve energy efficiency will further augment the industry<br />
landscape. The European Union in 2014 set up EU “20-20-20” Clim<strong>at</strong>e and <strong>Energy</strong><br />
target with an aim <strong>to</strong> reduce greenhouse gas emissions <strong>to</strong> 20% by increasing the<br />
share of renewable energy in the overall energy mix by 20% by the end of 2020.<br />
Government focus <strong>to</strong> achieve green energy economy structure by raising their<br />
dependency on sustainable and effective power gener<strong>at</strong>ion sources will upsurge the<br />
UK hybrid solar wind energy s<strong>to</strong>rage market. Developers across the country are<br />
working aggressively <strong>to</strong>wards CUF enhancement of their existing renewable systems<br />
which in turn will positively impact the business outlook. In 2015, Ecotricity<br />
announced <strong>to</strong> establish 15 MW of new solar PV install<strong>at</strong>ion <strong>to</strong> their existing wind<br />
farms.<br />
Growing environmental concerns along with the introduction of n<strong>at</strong>ional renewable<br />
integr<strong>at</strong>ion targets by respective governments will drive the hybrid solar wind energy<br />
s<strong>to</strong>rage market. Favorable government policies and subsidies <strong>to</strong> promote the<br />
deployment of clean energy systems will stimul<strong>at</strong>e the product demand. For<br />
instance, the renewable integr<strong>at</strong>ion targets abided by 195 countries in line with the<br />
UN Clim<strong>at</strong>e Change Conference in 2015 has resulted in steep <strong>grow</strong>th <strong>to</strong>ward the<br />
adoption of hybrid technologies.<br />
High end technology advancement coupled with introduction of norms <strong>to</strong> reduce the<br />
carbon footprints will stimul<strong>at</strong>e the Australia market. In 2017, Vestas announced the<br />
world’s first utility-scale project th<strong>at</strong> has a potential <strong>to</strong> gener<strong>at</strong>e and s<strong>to</strong>re energy<br />
including 43.2 MW of wind, 15 MW of solar and 2MW b<strong>at</strong>tery s<strong>to</strong>rage.<br />
The U.S. hybrid solar wind energy s<strong>to</strong>rage market will witness <strong>grow</strong>th over 4% by<br />
2024. Increasing electricity demand primarily across residential and commercial<br />
establishments along with <strong>grow</strong>ing awareness <strong>to</strong>wards adoption of clean energy<br />
systems will further propel the industry <strong>grow</strong>th. For instance, in 2017 General<br />
Electric ventured with Juhl <strong>Energy</strong> <strong>to</strong> construct 4.6 MW of community-based hybrid<br />
project involving both solar and wind technologies across rural Minnesota.<br />
Ongoing government measures in terms of Net metering, FIT and carbon credit will<br />
drive the grid connected hybrid solar wind energy s<strong>to</strong>rage market. Growing concerns<br />
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<strong>to</strong> get continuous and reliable electricity supply <strong>to</strong> effectively execute the daily<br />
business oper<strong>at</strong>ions will further augment the industry <strong>grow</strong>th.<br />
U.S. <strong>Hybrid</strong> <strong>Solar</strong> <strong>Wind</strong> <strong>Energy</strong> <strong>S<strong>to</strong>rage</strong> <strong>Market</strong> Size, By End Use, 2016 & 2024 (MW)<br />
Browse key industry insights spread across 180 pages with 196 market d<strong>at</strong>a tables &<br />
17 figures & charts from the report, “<strong>Hybrid</strong> <strong>Solar</strong> <strong>Wind</strong> <strong>Energy</strong> <strong>S<strong>to</strong>rage</strong> <strong>Market</strong><br />
Size By Product (Standalone, Grid Connected), End Use (<strong>Residential</strong>,<br />
Commercial, Utility/Industrial), Industry Analysis Report, Regional Outlook<br />
(U.S., Canada, U.K, Germany, China, India, Australia, Japan, Brazil, Chile),<br />
Applic<strong>at</strong>ion Potential, Price Trends, Competitive <strong>Market</strong> Share & Forecast,<br />
2017 – 2024” in detail along with the table of contents:<br />
https://www.gminsights.com/industry-analysis/hybrid-solar-wind-energy-s<strong>to</strong>ragemarket<br />
India market is anticip<strong>at</strong>ed <strong>to</strong> witness strong <strong>grow</strong>th over the forecast time frame.<br />
Introduction of hybrid energy specific norms will boost the install<strong>at</strong>ion <strong>at</strong> significant r<strong>at</strong>e. In<br />
2016, India has become the first country <strong>to</strong> develop a draft “N<strong>at</strong>ional <strong>Wind</strong>-<strong>Solar</strong> <strong>Hybrid</strong><br />
Policy” with an aim <strong>to</strong> achieve 10 GW hybrid install<strong>at</strong>ions by 2022. The country is also<br />
planning <strong>to</strong> develop a 160-MW mega project with a <strong>to</strong>tal investment of USD 155 million.<br />
Key market players oper<strong>at</strong>ing in the hybrid solar wind energy s<strong>to</strong>rage industry comprise of<br />
General Electric, Vestas, Siemens Gamesa, Goldwind, V<strong>at</strong>tenfall, UNITRON, Suzlon, Tesla,<br />
Grupo Dragon, Blue Pacific <strong>Solar</strong>, Zenith <strong>Solar</strong> Systems and ReGen Powertech.<br />
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Industry Coverage<br />
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