Solar Bio-gas Hybrid Power System Market Trends

Growth Drivers

• Increasing Need to Reduce Carbon Dioxide Emission - Compared to standalone diesel generators, hybrid power systems are more carbon dioxide-efficient and therefore more convenient. According to studies, the annual carbon dioxide produced by solar biogas hybrid power systems was 599.75 kg, but diesel generator systems produced 60 times more carbon dioxide than the hybrid systems. The market is anticipated to grow over the forecast period due to increased global awareness and a desire to reduce carbon emissions.
• Increasing Integration in Semi-Urban Areas - Hybrid solar-biogas power generating systems are becoming more and more popular in peri-urban areas like Ghana, Africa, and other developing nations worldwide. A green usage technology, the solar-biogas hybrid power production system is anticipated to improve rural areas by supplying clean energy to meet people's fundamental needs and remove their reliance on fossil fuels. In addition to providing green energy in place of fossil fuels like coal, charcoal, and petroleum, the solar-biogas hybrid power generation system is probably going to provide social advantages and boost the welfare of that country's economy. This is anticipated to drive the growth of solar bio-gas hybrid power system market in the forecast period.

Challenges

• Growing Upfront Costs - The upfront costs for solar bio-gas hybrid power systems can be high, which can make them unaffordable for some potential customers. This is owing to the high cost of solar photovoltaic panels and biogas digesters. This is set to hamper the market growth by the end of 2035.
• Technical Complexities Associated with the System is Predicted to Pose Restriction on Market Growth in the Upcoming Period
• Policy and Regulatory Obstructions are Anticipated to Restrict the Market Expansion during the Projected Period.