Global Small Hydropower Market is valued approximately USD 2.54 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 2.6 % over the forecast period 2019-2026. Small hydropower market focuses on generating power through converting mechanical energy in the running water into electric energy in the same way as traditional hydroelectric systems but on a lower scale that is suitable for local community and industry. This helps in the distributed generation of electricity in any regional electric grid system and reduces the load on the grid system. Further, the application of small hydropower projects for rural electrification, policy initiatives, and financial incentives in hydropower projects in response to climate change has led the adoption of Small Hydropower across the forecast period. For Instance: GE Renewable Energy in June 2019, offered modular turbines for micro hydropower after its partnership with Energy with sizes ranging from 10kW and 15kW. Also, unavailability of grids in remote areas and improved architecture of small hydropower facilities is expected to fuel the demand for Small Hydropower.
The regional analysis of global Small Hydropower market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share owing to rising developments made by the Chinese government for the construction of small hydropower plants and Government initiatives such as Rajiv Gandhi Grameen Vidyutikaran Yojana and SHP Programme by Ministry of New and Renewable Energy (MNRE). Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as investments in rural electrification and off-grid energy generation would create lucrative growth prospects for the Small Hydropower market across Asia-Pacific region.
Major market player included in this report are:
Voith (Germany)
ANDRITZ(Austria)
GE Renewable Energy (France)
Toshiba (Japan)
Siemens (Germany)
BHEL(India)
Gilbert Gilkes & Gordon (UK),
Flovel (India)
StatKraft
RusHydro
Fortum Oyj
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Capacity:
Up to 1 MW
1-10 MW
By Type:
Micro Hydropower
Mini Hydropower
By Component:
Electromechanical Equipment
Turbine
Generator
Other Equipment (includes inlet valves gates, penstock, governors, and auxiliaries)
Electric Infrastructure
Civil Works
Others (includes engineering, structural, management, environmental mitigation, and project development)
By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2016, 2017
Base year - 2018
Forecast period - 2019 to 2026
Target Audience of the Global Small Hydropower Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investor
