Global Hybrid Solar Wind Systems Market Size & Outlook
Global hybrid solar wind systems market, 2016-2027 (US$M)
Related Markets
Global hybrid solar wind systems market highlights
- The global hybrid solar wind systems market generated a revenue of USD 855.9 million in 2018 and is expected to reach USD 1,610.9 million by 2027.
- The market is expected to grow at a CAGR (2019 - 2027) of 7.3% by 2027.
- In terms of segment, stand-alone system accounted for a revenue of USD 538.7 million in 2018.
- On-Grid System is the most lucrative connectivity segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2018.
- Country-wise, Canada is expected to register the highest CAGR from 2019 to 2027.
Global data book summary
| Market revenue in 2018 | USD 855.9 million |
| Market revenue in 2027 | USD 1,610.9 million |
| Growth rate | 7.3% (CAGR from 2018 to 2027) |
| Largest segment | Stand-alone system |
| Fastest growing segment | On-Grid System |
| Historical data covered | 2016 - 2017 |
| Base year for estimation | 2018 |
| Forecast period covered | 2019 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | On-Grid System, Stand-Alone System |
Other key industry trends
- In terms of revenue, the North America accounted for 22.4% of the global hybrid solar wind systems market in 2018.
- By country, the China is projected to lead the global market in terms of revenue in 2027.
- By country, Canada is the fastest growing regional market and is projected to reach USD 83.8 million by 2027.
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Hybrid Solar Wind Systems Market Scope
Hybrid Solar Wind Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global hybrid solar wind systems market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to hybrid solar wind systems market will help companies and investors design strategic landscapes.
Stand-alone system was the largest segment with a revenue share of 62.94% in 2018. Horizon Databook has segmented the Global hybrid solar wind systems market based on on-grid system, stand-alone system covering the revenue growth of each sub-segment from 2016 to 2027.
- Global Hybrid Solar Wind Systems Connectivity Outlook (Revenue, USD Million, 2016-2027)
- On-Grid System
- Stand-Alone System
- Global Hybrid Solar Wind Systems End-Use Outlook (Revenue, USD Million, 2016-2027)
- Residential
- Commercial
- Industrial
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Horizon Databook provides a detailed overview of global-level data and insights on the Global hybrid solar wind systems market , including forecasts for subscribers. This global databook contains high-level insights into Global hybrid solar wind systems market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Global hybrid solar wind systems market size, by regions, 2016-2027 (US$M)
Top 10 countries: Hybrid solar wind systems market size, 2018 (US$M)
Global hybrid solar wind systems market share, by connectivity, 2018 & 2027 (%, US$M)
Hybrid solar wind systems market: Opportunity assessment by country
Global hybrid solar wind systems market, by region, 2018 (US$M)
| Connectivity | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 166.2 | 178.3 | 191.6 | 203.9 | 209.2 | 217.4 | 228.4 | 241.3 | 255.7 | 272.0 | 290.3 | 310.6 | 5.5% |
| Europe | 166.2 | 177.2 | 189.2 | 200.1 | 203.9 | 210.4 | 219.5 | 230.2 | 242.1 | 255.4 | 270.3 | 286.6 | 4.7% |
| Asia Pacific | 264.1 | 291.0 | 321.1 | 351.1 | 370.0 | 395.1 | 426.6 | 463.2 | 504.7 | 552.0 | 605.8 | 666.6 | 8.5% |
| Latin America | 79.3 | 88.8 | 99.5 | 110.4 | 118.0 | 127.7 | 139.8 | 153.7 | 169.6 | 187.7 | 208.4 | 232.0 | 9.9% |
| MEA | 44.6 | 49.3 | 54.5 | 59.7 | 63.1 | 67.5 | 73.0 | 79.4 | 86.7 | 95.0 | 104.5 | 115.2 | 8.7% |
| Overall | 720.4 | 784.5 | 855.9 | 925.2 | 964.1 | 1,018.1 | 1,087.3 | 1,167.8 | 1,258.9 | 1,362.1 | 1,479.2 | 1,610.9 | 7.3% |
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