Hybrid Power Solutions Market Size To Reach $1.35 Billion By 2025 | Key Industry Players Siemens AG, Alpha Power Solutions
San Francisco, 28 September 2018 - The global hybrid power solutions market is expected to be valued at USD 1.35 billion by 2025, according to a new report by Grand View Research, Inc. Hybrid power solutions are increasingly used owing to advantages such as less fuel consumption and low electrification rates. Hybrid power solution systems incorporate more than one type of power source and designed for the generation of centralized electricity grid. They are used to provide energy to many remote areas in developing countries such as India. In addition, the system possesses an ability to offset disadvantages such as fuel flexibility, CO 2 emissions, and reliability. The systems are manufactured to achieve desired attributes at lower cost and maximum efficiency, which in turn is expected to fuel the market growth over the forecast period. Solar-diesel system type was the largest segment in 2016 and valued at USD 216.1 million. The solar energy and diesel...