The global hybrid power solutions market revenue is expected to expand at a moderate CAGR over the forecast period. Increasing awareness regarding the carbon emission is a key factor expected to drive growth of the global hybrid power solutions market over the forecast period.

The global hybrid power solutions market report has been segmented on the basis of type, power rating, end-use, and region.

On the basis of type, the target market is segmented into solar-diesel, wind-diesel, solar-wind-diesel, and others. The solar-diesel type segment is expected to account for highest share in the target market over the forecast period, owing to ability to provide stable power grid and availability of energy.

On the basis of power rating, the target market is segmented into up to 10kW, 11kW – 100kW, and above 100kW. The 11kW-100kW power rating segment is expected to register highest CAGR in terms of revenue over the forecast period. On the basis of end-use, the target market is segmented into residential, commercial, telecommunication, and others.

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Based on the region the hybrid power solutions market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific is expected to register highest CAGR in terms of revenue over the forecast period, owing to increasing demand for power in residential and commercial sectors in developing countries such as India and China in the region. The market in Europe is expected to account for significant share in terms of revenue over the forecast period.

Key players operating in the global hybrid power solutions market include Siemens AG, SMA Solar Technology AG, Danvest Energy A/S, Alpha Technologies Inc., PFISTERER Holding AG, ZTE Corporation, Mitsubishi Hitachi Power Systems Europe, Ltd., Flexenclosure AB (publ), and Heliocentris Energy Solutions AG

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