Small Hydropower Market Potential Growth, Share, Demand and Analysis of Key Players- Analysis Forecasts

Small Hydropower Market, Hydropower projects are often divided into large and small hydropower projects depending on their size. Hydropower projects having a capacity between 10 MW and 50 MW are regarded as minor hydropower projects, though the definition may vary depending on the location of the world. Governments all over the world are concentrating largely on expanding investments toward the development of sustainable energy generation projects as a result of growing environmental concerns and demand for sustainable energy production. Governments are also supporting small hydropower projects by providing financial incentives and project renewal plans, which is another factor that is anticipated to support the growth of the global small hydropower market throughout the course of the projected period.

It is anticipated that increasing investments in intelligent energy-saving across a range of end applications will encourage the use of small hydropower to generate electricity. The Federal Energy Regulatory Commission and United Nations Industrial Development Organization have adopted specific renewable energy policies in response to rising greenhouse gas emissions brought on by rising electricity usage. Market expansion is anticipated as a result of Federal Energy Regulatory Commission policies that promote renewable energy sources and address the demand for energy delivery in remote areas. Over the forecast period, end-users are anticipated to switch to installing mini-hydropower systems up to 1 MW due to increased electricity distribution prices, power outages brought on by faults in the main grid, and incentive programmes implemented by the U.S. government.

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The micro hydropower systems are made up of crucial parts including water pipes or channels for transportation, turbines, pumps, alternators, regulators, and wiring for electricity distribution. Commercially available turbines and generators come as a package and simply need to be put together, making the systems simple to maintain and replace. Over 55.0% of the market in 2021 was dominated by up to 1 MW. They are situated in regions with large mountain ranges and their foothills being crossed by flowing water. They can be utilised as independent systems or, more frequently, as grid-feeding systems. The 100 kW hydropower system is used to provide electricity to off-grid rural businesses, small settlements, and isolated locations.

Capacity Insights

Asia Pacific controlled the market for products up to 1 MW. A significant portion of the small hydropower project installations in the area were in China, India, and Australia. As a result, these economies’ expanding investments in rural electrification are driving up demand for small hydropower. From 2021 to 2030, the 1 – 10 MW segment is expected to experience the fastest CAGR of 3%. This is a result of minor hydropower installations in numerous nations worldwide.

Global Small Hydropower Market: Major Players

Kansai Electric Power Company
IHI Corporation
New York Power Authority
PG&E Corporation
Centrais Eletricas Brasileiras S.A.
Enel Green Power SpA
American Hydro Corporation
Norsk Hydro ASA
Datang International Power Generation Company Limited
Andritz Hydro
Alstom
Chubu Electric Power Company
Electric Power Development
Companhia Hidro Eletrica do Sao Francisco
Tennessee Valley Authority
Companhia Energetica de Sao Paulo
Statkraft
Elkem AS
Chugoku Electric Power
Tokyo Electric Power Company
State Development & Investment Corporation
Voith Hydro
Centrais Eletricas do Norte do Brasil S.A.
China Three Gorges Corporation

Global Small Hydropower Market: Types
Small Hydro (1 MW 20 MW)
Mini Hydro (100 kW 1 MW)
Micro Hydro (5 kW 100 kW)

Global Small Hydropower Market: Applications
Residential Electricity
Commercial Electricity
Industrial Electricity

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Benefits for Small Hydropower Market:

• Major countries have been mapped according to their individual revenue contribution to the regional market.
• The report provides an in-depth analys is of the Small Hydropower market during the forecast period (2018 – 2026).
• The Small Hydropower market analysis covers in-depth information of major industry participants.
• Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
• The report outlines the current market trends and future scenario of the global Small Hydropower market to understand the prevailing opportunities and potential investment pockets.
• The key drivers, restraints, and opportunities and their detailed impact analysis is elucidated in the study.