Hybrid solar-wind market to hit $1.47 billion by 2024

By Paul Dvorak Hybrid Solar Wind Market size is expected to reach $1.47 billion by 2024, according to a new $4,500 research report by Global Market Insights, Inc.
Decreasing wind and solar component cost associated with increasing clean fuel energy demand will drive the global hybrid solar wind market size. The component manufacturing cost has witnessed a significant price drop since 2012, owing to technological advancement.
Growing demand for reliable electricity coupled with strict government norms to reduce carbon footprints will further compliment the industry outlook. Developed nations led by the U.S. have introduced various initiatives to promote energy conservation and reduce greenhouse emissions.

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