OCEAN VIEW, Delaware, November 14, 2016 /PRNewswire/ --
Hybrid Solar Wind Market size is expected to reach USD 1.47 billion by 2024, according to a new research report by Global Market Insights, Inc.
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Decreasing wind and solar component cost associated with increasing clean fuel energy demand will drive the global hybrid solar wind market size. The component manufacturing cost has witnessed a significant price drop since 2012, owing to technological advancement.
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Growing demand for reliable electricity coupled with strict government norms to reduce carbon footprints will further compliment the industry outlook. Developed nations led by the U.S. has introduced various initiatives to promote energy conservation and reduce greenhouse emissions.
High initial costs and lack of awareness may restrain industry demand over the next few years. Grid connected hybrid solar wind market size was valued over USD 190 million in 2015 and is predicted to grow at over 10% by 2024. Low installation cost, feed in tariff and net metering are some of the advantages offered by grid connected system.
Browse key industry insights spread across 108 pages with 225 market data tables & 14 figures & charts from the report, "Hybrid Solar Wind Market Size By Product (Standalone, Grid connected), End Use (Residential, Commercial, Industrial), Industry Analysis Report, Regional Outlook (U.S., Canada, U.K, Germany, China, India, Australia, Japan, South Africa, Nigeria, Tanzania, Chile, Brazil), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 - 2024" in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/hybrid-solar-wind-market
Key insights from the report include:
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Hybrid Solar Wind market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million and volume in MW from 2013 to 2024, for the following segments:
Global Hybrid Solar Wind Market by Product
Global Hybrid Solar Wind Market by End Use
The above information is provided on a regional and country basis for the following:
Browse Related Reports:
https://www.gminsights.com/industry-analysis/offshore-wind-energy-market
https://www.gminsights.com/industry-analysis/u-s-solar-panel-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Corporate Sales, USA
Global Market Insights, Inc.
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