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Worldwide Hybrid Diesel Genset Industry to 2026 – Key Drivers and Restraints

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DUBLIN, Nov. 26, 2020 /PRNewswire/ — The “Global Hybrid Diesel Genset Market (2020-2026): Market Forecast by Types, by End-Users, Regions, by Key Countries, and Competitive Landscape.” report has been added to ResearchAndMarkets.com’s offering.

The global hybrid diesel genset market is projected to grow in the coming years due to increasing awareness to reduce carbon emissions and the high efficiency of hybrid diesel gensets. Moreover, strengthening the construction sector, rising telecom industry, as well as increasing investment in the establishment of new power plants would drive the growth of hybrid diesel gensets globally in the forecast period. Additionally, the increasing number of chemical and power sector projects across the world would further augment the demand for such gensets. Hybrid diesel genset systems are useful in providing energy to remote areas, which is projected to further increase its proliferation in less developed areas in the years to come.

According to this research, the Global Hybrid Diesel Genset Market is projected to grow at a CAGR of 3.7% during 2020-2026. Rapid industrialization has led to increasing demand for a continuous and reliable source of electricity, which is expected to drive the hybrid diesel genset market in the coming years. Also, an increasing number of power outages and power failure, majorly in developing countries creates a huge demand for power backup devices, leading to a surge in demand for the hybrid diesel genset market. However, the outburst of coronavirus is expected to adversely impact the global hybrid diesel genset market in 2020 as the governments of various countries have imposed a nation-wide lockdown resulting in the closure of all construction operations which would impact the demand and supply of hybrid diesel genset systems. However, post COVID-19 the hybrid diesel genset market is expected to recover as the economies would resume normalcy after a protracted period of nationwide lockdown.

The Asia Pacific is the leading revenue-generating region in the overall global hybrid diesel market owing to the increasing government investment in setting up of manufacturing and automotive industries in the region. The hybrid diesel gensets are applicable in the residential, commercial, telecommunication, mining, and oil & gas sectors as these sectors lack grid power supply and rely on hybrid diesel generators to fulfill the power requirements. By type, the solar-diesel hybrid systems dominate the overall hybrid diesel market owing to the ease of presence of solar panels in various countries.

The global report comprehensively covers the market by types, by end-users, and by regions. The report provides an unbiased and detailed analysis of the hybrid diesel genset market on-going trends, opportunities/high growth areas, market share by types, market drivers which would help the stakeholders to device and align their market strategies accordingly to the current and future market dynamics.

Key Topics Covered:

1. Executive Summary

2. Introduction
2.1. Report Description
2.2. Key Highlights of the Report
2.3. Market Scope and Segmentation
2.4. Research Methodology
2.5. Assumptions

3. Global Hybrid Diesel Genset Market Overview
3.1. Global Hybrid Diesel Genset Market Revenues and Volume, 2016-2026F
3.2. Global Hybrid Diesel Genset Market – Industry Life Cycle, 2019
3.3. Global Hybrid Diesel Genset Market – Porter’s Five Forces
3.4. Global Hybrid Diesel Genset Market Revenue and Volume Share, By Types, 2019 and 2026F
3.5. Global Hybrid Diesel Genset Market Revenue Share, By End Users, 2019 and 2026F
3.6. Global Hybrid Diesel Genset Market Revenue and Volume Share, By Regions, 2019 and 2026F

4. Global Hybrid Diesel Genset Market Dynamics
4.1. Impact Analysis
4.2. Market Drivers
4.3. Market Restraints

5. Global Hybrid Diesel Genset Market Trends

6. Global Hybrid Diesel Genset Market Overview, By Regions
6.1. Americas Hybrid Diesel Genset Market Overview
6.1.1. Americas Hybrid Diesel Genset Market Revenues and Volume, 2016-2026F
6.1.2. Americas Hybrid Diesel Genset Market Revenue and Volume Share, By Types, 2019 and 2026F
6.1.2.1. Americas Solar-Diesel Genset Market Revenues and Volume, 2016-2026F
6.1.2.2. Americas Wind-Diesel Genset Market Revenues and Volume, 2016-2026F
6.1.2.3. Americas Solar-Wind-Diesel Genset Market Revenues and Volume, 2016-2026F
6.1.2.4. Americas Other Hybrid Diesel Genset Market Revenues and Volume, 2016-2026F
6.1.3. Americas Hybrid Diesel Genset Market Revenue Share, By End Users, 2019 and 2026F
6.1.3.1. Americas Hybrid Diesel Genset Market Revenues, By Residential, 2016-2026F
6.1.3.2. Americas Hybrid Diesel Genset Market Revenues, By Commercial, 2016-2026F
6.1.3.3. Americas Hybrid Diesel Genset Market Revenues, By Industrial, 2016-2026F
6.2. Europe Hybrid Diesel Genset Market Overview
6.2.1. Europe Hybrid Diesel Genset Market Revenues and Volume, 2016-2026F
6.2.2. Europe Hybrid Diesel Genset Market Revenue and Volume Share, By Types, 2019 and 2026F
6.2.2.1. Europe Solar-Diesel Genset Market Revenues and Volume, 2016-2026F
6.2.2.2. Europe Wind-Diesel Genset Market Revenues and Volume, 2016-2026F
6.2.2.3. Europe Solar-Wind-Diesel Genset Market Revenues and Volume, 2016-2026F
6.2.2.4. Europe Other Hybrid Diesel Genset Market Revenues and Volume, 2016-2026F
6.2.3. Europe Hybrid Diesel Genset Market Revenue Share, By End Users, 2019 and 2026F
6.2.3.1. Europe Hybrid Diesel Genset Market Revenues, By Residential, 2016-2026F
6.2.3.2. Europe Hybrid Diesel Genset Market Revenues, By Commercial, 2016-2026F
6.2.3.3. Europe Hybrid Diesel Genset Market Revenues, By Industrial, 2016-2026F
6.3. Asia Pacific Hybrid Diesel Genset Market Overview
6.3.1 Asia Pacific Hybrid Diesel Genset Market Revenues and Volume, 2016-2026F
6.3.2 Asia Pacific Hybrid Diesel Genset Market Revenue and Volume Share, By Types, 2019 and 2026F
6.3.2.1. Asia Pacific Solar-Diesel Genset Market Revenues and Volume, 2016-2026F
6.3.2.2. Asia Pacific Wind-Diesel Genset Market Revenues and Volume, 2016-2026F
6.3.2.3. Asia Pacific Solar-Wind-Diesel Genset Market Revenues and Volume, 2016-2026F
6.3.2.4. Asia Pacific Other Hybrid Diesel Genset Market Revenues and Volume, 2016-2026F
6.3.3. Asia Pacific Hybrid Diesel Genset Market Revenue Share, By End Users, 2019 and 2026F
6.3.3.1. Asia Pacific Hybrid Diesel Genset Market Revenues, By Residential, 2016-2026F
6.3.3.2. Asia Pacific Hybrid Diesel Genset Market Revenues, By Commercial, 2016-2026F
6.3.3.3. Asia Pacific Hybrid Diesel Genset Market Revenues, By Industrial, 2016-2026F
6.4. Middle East and Africa Hybrid Diesel Genset Market Overview
6.4.1. Middle East and Africa Hybrid Diesel Genset Market Revenues and Volume, 2016-2026F
6.4.2. Middle East and Africa Hybrid Diesel Genset Market Revenue and Volume Share, By Types, 2019 and 2026F
6.4.2.1. Middle East and Africa Solar-Diesel Genset Market Revenues and Volume, 2016-2026F
6.4.2.2. Middle East and Africa Wind-Diesel Genset Market Revenues and Volume, 2016-2026F
6.4.2.3. Middle East and Africa Solar-Wind-Diesel Genset Market Revenues and Volume, 2016-2026F
6.4.2.4. Middle East and Africa Other Hybrid Diesel Genset Market Revenues and Volume, 2016-2026F
6.4.3. Middle East and Africa Hybrid Diesel Genset Market Revenue Share, By End Users, 2019 and 2026F
6.4.3.1. Middle East and Africa Hybrid Diesel Genset Market Revenues, By Residential, 2016-2026F
6.4.3.2. Middle East and Africa Hybrid Diesel Genset Market Revenues, By Commercial, 2016-2026F
6.4.3.3. Middle East and Africa Hybrid Diesel Genset Market Revenues, By Industrial, 2016-2026F

7. Global Hybrid Diesel Genset Market Overview, By Countries
7.1. USA Hybrid Diesel Genset Market Overview
7.2. Canada Hybrid Diesel Genset Market Overview
7.3. United Kingdom Hybrid Diesel Genset Market Overview
7.4. Germany Hybrid Diesel Genset Market Overview
7.5. India Hybrid Diesel Genset Market Overview
7.6. China Hybrid Diesel Genset Market Overview
7.7. Japan Hybrid Diesel Genset Market Overview
7.8. Turkey Hybrid Diesel Genset Market Overview
7.9. Saudi Arabia Hybrid Diesel Genset Market Overview
7.10. South Africa Hybrid Diesel Genset Market Overview

8. Global Hybrid Diesel Genset Market – Key Performance Indicators

9. Global Hybrid Diesel Genset Market Opportunity Assessment
9.1. Global Hybrid Diesel Genset Market Opportunity Assessment, By Regions, 2026F
9.2. Global Hybrid Diesel Genset Market Opportunity Assessment, By End Users, 2026F

10. Global Hybrid Diesel Genset Market – Dealers and Distributors Analysis

11. Global Hybrid Diesel Genset Market – Competitive Landscape
11.1. Global Hybrid Diesel Genset Market Revenue Ranking, By Companies, 2019
11.2. Global Hybrid Diesel Genset Market Companies Competitive Benchmarking, By Operating Parameters

12. Company Profiles
12.1. Caterpillar Inc.
12.2. Cummins Inc.
12.3. Teksan
12.4. Himoinsa S.L
12.5. KOHLER-SDMO
12.6. AKSA Power Generation
12.7. Ascot Energy
12.8. Eneraque PTY Ltd.
12.9. PR Industrial S.R.L

13. Key Strategic Recommendations

14. Disclaimer

Companies Mentioned

  • AKSA Power Generation
  • Ascot Energy
  • Caterpillar Inc.
  • Cummins Inc.
  • Eneraque PTY Ltd.
  • Himoinsa S.L
  • KOHLER-SDMO
  • PR Industrial S.R.L
  • Teksan

For more information about this report visit https://www.researchandmarkets.com/r/l99cin

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

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Source: https://www.prnewswire.com:443/news-releases/worldwide-hybrid-diesel-genset-industry-to-2026—key-drivers-and-restraints-301181029.html

Energy

Corporations bought record total of clean energy despite devastating year

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“To not only maintain, but grow, the clean energy procurement market under these conditions is a testament to how high sustainability is on many corporations’ agendas,” said the lead author of a new BNEF report.

Corporations purchased a record 23.7 GW of clean energy globally in 2020, with the U.S. market maintaining its lead and new markets propelling growth, according to a new report from BloombergNEF (BNEF).

The 2020 figure is up slightly from 20.1 GW in 2019 and more than 10 GW above the 13.6 GW seen in 2018. In the report, BNEF noted the 2020 increase came despite a year devastated by the Covid-19 pandemic, a global recession, and uncertainty about U.S. energy policy ahead of the presidential election.

“To not only maintain, but grow, the clean energy procurement market under these conditions is a testament to how high sustainability is on many corporations’ agendas,” said Kyle Harrison, BNEF senior associate and lead author of the report.

BNEF found in its 1H 2021 Corporate Energy Market Outlook that clean energy contracts were signed by more than 130 companies in sectors ranging from oil and gas to big tech.

Regions

Although the U.S. was once again the largest market, it was less dominant than in previous years. Companies announced 11.9 GW of corporate power purchase agreements (PPAs) in the U.S. in 2020, down from 14.1 GW in 2019. According to BNEF, this represented the first year-over-year drop since 2016. The first half of 2020, coinciding with the start of the pandemic, was particularly subdued, with companies announcing just 4.3 GW of corporate PPAs in the U.S. during that period.

Latin America also had a down year, with corporate PPA volumes dropping from 2 GW in 2019 to 1.5 GW in 2020. The region was hit hard by the Covid-19 pandemic and the economic downturn. However, BNEF said companies in Brazil signed a record of nearly 1.06 GW of PPAs in 2020, as many continued to migrate to the country’s free market, where they can sign bilateral clean energy contracts directly with developers.

Once the main draw for corporate procurement in the Latin American region, Mexico saw deal volumes all but dissipate. BNEF claimed this is because the current administration continues to undermine the country’s clean energy sector.

While the U.S. and Latin America slipped back, other corporate procurement markets stepped up.

Corporate PPA volumes in the Europe, Middle East and Africa (EMEA) region nearly tripled, from 2.6 GW in 2019 to a record 7.2 GW in 2020. In Spain, companies announced contracts to purchase no less than 4.2 GW of clean energy, up from 300 MW the previous year.

BNEF said solar and wind projects in Spain yield some of the cheapest and most competitive prices in Europe, thanks to strong natural resources and a large pool of experienced developers. Companies like Total and Anheuser Busch are orchestrating “cross-border virtual PPAs” in Spain, buying clean energy in the country to offset their load elsewhere in Europe.

Corporations also purchased record clean energy volumes in the Asia-Pacific (APAC) region, announcing contracts for 2.9 GW of solar and wind. Taiwan established itself as a major corporate clean energy market in 2020, with companies signing PPAs totaling 1.25 GW. BNEF said Taiwan’s market should be supported by a new policy that requires companies with an annual load above 5 MW to buy clean power. Also, the island has a high concentration of large manufacturers, many of which are feeling pressure from their customers to decarbonize.

South Korea is expected to be the next major corporate procurement market in Asia. Policymakers revised the country’s Electric Utility Act in the beginning of 2021, creating a PPA mechanism and a green tariff program with Korea Electric Power Corp. The revision will also allow companies to purchase unbundled certificates and retire them against sustainability commitments. According to BNEF, South Korean companies face similar supply-chain pressures to those in Taiwan.

Jonas Rooze, lead sustainability analyst at BNEF, said, “More than ever before, corporations have access to affordable clean energy at a global scale. Companies no longer have an excuse for falling behind on setting and working towards a clean energy target.”

Companies

BNEF found that Amazon was the leading buyer of clean energy in 2020, announcing 35 separate clean energy PPAs in 2020, totaling 5.1 GW. The company has now purchased over 7.5 GW of clean energy to date, vaulting it ahead of Google (6.6 GW) and Facebook (5.9 GW) as the world’s largest clean energy buyer. French oil major Total (3 GW), TSMC (1.2 GW) and U.S. telecom Verizon (1 GW) were the next largest corporate buyers of clean energy in 2020.

BNEF said the flow of new companies making clean energy commitments is another indicator of how much more the market can grow. 65 new companies joined the RE100 in 2020, pledging to offset 100% of their electricity consumption with clean energy. BNEF forecast that the 285 RE100 members will collectively need to purchase an additional 269 TWh of clean electricity in 2030 to meet their RE100 goals. Should this shortfall be met exclusively with offsite PPAs, it would catalyze an estimated 93 GW of new, incremental solar and wind build.

“Investor interest in sustainability is sky high, with inflows to sustainability-focused funds growing 300% between 2019 and 2020,” explained Harrison. “Companies in all sectors, including hard-to-abate ones like oil and gas and mining, are feeling the pressure to purchase clean energy and decarbonize. This group is only just scratching the surface on the amount of clean energy build it can catalyze.”

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Source: https://pv-magazine-usa.com/2021/01/26/corporations-bought-record-total-of-clean-energy-despite-devastating-year/

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Energy

Solar O&M providers merge

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NovaSource Power Services in 2020 took over the operations and maintenance businesses of SunPower and First Solar.

NovaSource Power Services and SunSystem Technology LLC, two operations and maintenance (O&M) providers, have merged to boost service to the U.S. and global solar markets.

NovaSource, a Texas-based portfolio company of Canadian private equity firm Clairvest Group, was founded in 2020 amid Clairvest’s acquisition of SunPower’s O&M business. NovaSource later bought First Solar’s North American O&M unit. The company said it currently manages more than 3.5 GW of commercial, industrial, and utility-scale projects.

California-based SunSystem Technology has been a leading U.S. distributed generation O&M provider, servicing residential portfolios, commercial system owners and asset managers, and EV charging station networks.

Through this merger, the combined group will operate as NovaSource and have a joint global workforce in nine different countries. Financial details of the deal were not disclosed.

NovaSource said the merger means its field technicians will now be within a one-hour drive of 95% of the U.S. solar infrastructure, helping cut time, save money, and increase services nationwide.

“The combined scale, coverage, and experience will bring tremendous value and capabilities to our existing and future customers,” said SunSystem CEO Derek Chase, who will lead NovaSource’s distributed generation O&M unit.

Jack Bennett, CEO of NovaSource, said that the merger will help asset owners meet their rapidly evolving needs.

Earlier this month, Consolidated Asset Management Services acquired the U.S. solar O&M unit of Belectric Inc., which oversees 141 operating sites in 11 states.

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Source: https://pv-magazine-usa.com/2021/01/26/solar-om-providers-merge/

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Energy

SCE agrees to $2.2 billion payout to settle wildfire claims

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Southern California Edison agreed to pay $2.2 billion within the next 90 days to settle insurance claims stemming from the 2018 Woolsey Fire.

The utility also reached settlements with around 1,000 plaintiffs in litigation arising from the 2017/2018 Wildfire/Mudslide Events, which include the Woolsey Fire, the 2017 Thomas and Koenigstein fires, and the 2018 Montecito Mudslides.

The utility offered no admission of wrongdoing or liability in reaching the settlements.

In 2019, the utility said that it may have been responsible for starting the Woolsey Fire. That statement followed an investigation by fire officials.

The fire destroyed more than 1,600 structures, injured three firefighters, and killed three people as it burned near Malibu. It became one of the most destructive fires in the state, according to the California Department of Forestry and Fire Protection.

SCE estimates that potential losses for remaining claims could reach $4.6 billion and does not include any potential fines and penalties. The amount will be reduced by the $2.2 billion paid under terms of the insurance settlement.

SCE’s parent company, Edison International, said last year that it anticipates issuing around $1 billion of equity to invest in SCE to enable the utility to debt-finance claims payments and maintain investment-grade credit ratings.

The utility also will seek to recover uninsured costs resulting from the disasters through electric rates. Recovery is subject to regulatory approval.

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Source: https://pv-magazine-usa.com/2021/01/26/sce-agrees-to-2-2-billion-payout-to-settle-wildfire-claims/

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Dakota Power wins N.J. project approval, has billion-dollar solar plans

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In addition to the 50 MW project, Dakota Power Partners has proposed developing at least five more utility-scale solar facilities across the Garden State.

Dakota Power Partners, which said it intends to invest $1 billion in utility-scale solar in New Jersey, has won approval for the developer’s first solar farm as part of what could become a large project portfolio.

The Millville Planning Board unanimously approved the 50 MW solar farm during its monthly meeting on January 12, clearing the way for construction to begin by year’s end. Called Nabb Solar I, the project will be located in western Millville and is anticipated to begin operation in fall 2022.

Timothy Daniels, Dakota’s principal and co-founder, said the local officials were “quick to see the value of this project.”

Over the 30-year expected life of the project, Nabb Solar I is estimated to generate a total of approximately $7.8 million in taxes. Dakota said it will pay annual real estate taxes of approximately $102,295 to the City of Millville, $67,547 to Millville Public Schools, and $98,166 to Cumberland County, for a total of $268,008 in local taxes per year.

Joe Derella, director of the Cumberland County Board of Commissioners, called the project a “massive $70 million investment in our region” that will create hundreds of jobs.

“This is what the future of energy looks like in New Jersey,” said Millville Mayor Mike Santiago.

Nabb Solar I is one of six similar New Jersey projects being proposed by Dakota Power Partners, which has offices in Millville and Denver, Colorado. In total, Dakota is proposing a $1 billion utility-scale solar investment in the Garden State.

Utilizing a portfolio of utility-scale solar and solar+storage projects across the state, the company said it intends to achieve generating capacity totaling more than 1 GW in New Jersey.

According Dakota, the company has participated in the development of more than 3.15 GW of operating and in-construction wind and solar projects around the U.S., representing an aggregate capital investment in rural communities in excess of $3.8 billion.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Source: https://pv-magazine-usa.com/2021/01/25/dakota-power-wins-n-j-project-approval-has-billion-dollar-solar-plans/

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