Solar Bio-gas Hybrid Power System Market Share

  • Report ID: 5447
  • Published Date: Dec 06, 2023
  • Report Format: PDF, PPT

Solar Bio-gas Hybrid Power System Market Share

APAC Market Forecast

The solar bio-gas hybrid power system market in the Asia Pacific region is poised to account for the largest revenue share of 33% by the end of 2036. The Asia Pacific region continues to experience constant development and biomass is a major source of energy for its people. To address the intermittent nature of renewable energy in this region, various methods are currently being developed for providing a continuous power supply from renewables such as large utility-sized battery storage or hybrid facilities. The Asia Pacific region is home to some of the fastest-growing economies in the world, and this leading to increasing demand for electricity. Solar bio-gas hybrid power systems can provide a reliable and sustainable source of electricity to meet this demand. In the Asia Pacific region, primary energy consumption was 277.6 terajoules in 2022, which represents an increase of around 2.1 % compared to last year. The number of units increased by almost 165 exajoules over the period considered, reaching a consumption peak in 2022.

European Market Statistics

The solar bio-gas hybrid power system market in the North American region is predicted to hold a substantial revenue share by the end of 2036. The market value of solar-biogas hybrid power generation systems in Europe is set to increase during the forecast period due to certain government regulations to reduce carbon emissions to achieve the goals set by the Paris Agreement for the next 30 years. It is expected to continue to increase further in the future.  This is expected to boost the market growth of solar bio-gas hybrid power systems in the Europe region during the projected period.  

Research Nester
Solar Bio-Gas Hybrid Power System Market size
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Author Credits:  Dhruv Bhatia

  • Report ID: 5447
  • Published Date: Dec 06, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The growing demand for sustainable sources of energy and need to reduce carbon dioxide emission are some of the major factors anticipated to drive the growth of the solar bio-gas hybrid power system market.

The market is anticipated to attain a CAGR of ~5% over the forecast period, i.e., 2024-2036.

The major players in the market are of SMA Solar Technology, Eaton Corporation, Schneider Electric, Siemen Gamesa, General Electric Company, GE Renewable Energy, Husk Power Systems, Iberdola, RWE International SE, and others.

The off-grid segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in Asia Pacific is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
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