One
of the primary needs for the economic development of a country is to
provide reliable and continuous power supply. Throughout the world
fossil fuel reserves are depleting at a fast pace. In the present
scenario, majority of the energy demand is met by fossil fuels. A
small part of the demand is met by renewable energy technologies such
as the solar, biomass, geothermal, wind. Soon there will be a
situation when the entire world will face severe fuel shortage.
According to the law of energy, Energy can neither be created nor be
destroyed it can only be transformed from one form to another. Solar
and wind power sources have experienced a remarkably rapid growth in
the last few years. Both are renewable sources of energy and contain
abundant power.
Complete
Report Solar
Wind Hybrid System Market with
TOC :
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With
high economic growth rate, Asia Pacific countries are significant
consumers of energy resources. Despite the global financial crisis,
energy demand in these countries continues to rise. India consumes
maximum energy in residential, agricultural and commercial purposes
as compared to Japan, Russia and China.
Solar
wind hybrid power system is the consolidated power generating system
by solar energy panel and wind mill. It comprises a battery which is
utilized to accumulate the energy generated from both the resources.
With the help of this system, power generated through windmill and
power generated from photovoltaic module when light radiation is
available can be easily achieved.
Solar
energy is the energy obtained from the sun. It is inexhaustible,
renewable and pollution free. Solar charged battery provides
continuous power supply for 24 hours a day irrespective of the
weather condition. By adopting an appropriate technology for the
geographical location, large amount of power can be extracted from
solar radiations. Also, solar energy is expected to be the most
reliable source of energy. The rise in the cost of conventional
fossil fuels has disturbed the entire demand supply of electricity
products especially in remote locations. Generators which are
sometimes used as an alternative to traditional power systems are
known to be operational during certain hours of the day, and the cost
of fueling them is becoming difficult if they are to be used for the
commercial purposes.
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Wind
energy is the kinetic energy associated with the motion of
atmospheric air. Wind energy systems transform kinetic energy into a
more useful form of power. Wind energy systems are mostly used for
milling and irrigation purposes, are in use since ancient times to
produce electric power. Windmills for water pumping are installed in
various countries especially in rural areas. Wind turbines convert
energy present in the wind into mechanical power that can be used
directly for grinding purposes or for converting into electric power
to generate electricity.
Increasing
investments and higher standard of living are some of the key drivers
of the solar wind hybrid systems market. However, high cost required
to install solar wind hybrid systems can hamper the growth of the
market. Ample amount of opportunities are there for the solar wind
hybrid system market owing to rapid industrialization taking place in
Asia Pacific countries such as India and China.
Some
of the key companies in the business of solar wind hybrid systems
market are Blue Pacific Solar Products Inc., Alpha Windmills, Zenith
Solar Systems, New Ventures, Unitron Energy Systems Pvt. Ltd., UGE
International Ltd., and Alternate Energy Company among others
This
research report analyzes this market on the basis of its market
segments, major geographies, and current market trends. Geographies
analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Middle East and Africa
- Latin America
This
report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
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This
report is a complete study of current trends in the market, industry
growth drivers, and restraints. It provides market projections for
the coming years. It includes analysis of recent developments in
technology, Porter’s five force model analysis and detailed
profiles of top industry players. The report also includes a review
of micro and macro factors essential for the existing market players
and new entrants along with detailed value chain analysis.
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