All updated as on -
The size of the global small hydropower market, which was estimated to be worth USD 2.09 billion in 2022, is expected to increase by USD 2.19 billion in 2023 and USD 2.69 billion by 2030, at a CAGR of 3.7% over the forecast period (2023-2030).
Small hydropower is the hydroelectric electricity produced on a small scale to power a local village or industrial site. Depending on how a project is defined, the maximum amount of so-called moderate hydropower varies, but in general, producing capacities of up to 25 MW are permissible, which is why they are located at the top. The predicted water energy is converted into electrical energy in hydroelectric power facilities. The absolute power that hydroelectric power plants can generate depends on the volume of water flowing into the water turbine and its head. Small hydropower generates electricity by using the flow of water to operate a turbine that is connected to a generator.
As a sustainable and renewable energy source, the global small hydropower market has grown significantly in recent years. Small hydropower is the term used to describe the electricity produced by hydroelectric power facilities with a capacity typically between a few kilowatts and several megawatts. The market for small hydropower is expanding on a global scale due to a number of causes. First off, the adoption of renewable energy sources has been prompted by the growing emphasis on lowering greenhouse gas emissions and addressing climate change. Small hydropower plants significantly aid in reaching these objectives because they generate clean energy without releasing harmful pollutants. Second, the abundance of water resources makes modest hydropower a practical alternative for decentralized electricity generation, particularly in areas with rivers, streams, and natural waterfalls.
The market does, however, have some limitations and difficulties. Small hydropower project's expensive initial investment and complicated regulatory frameworks can impede market expansion. Concerns about environmental effects, such as modifications to river ecosystems and variations in fish migration patterns, also call for careful thought and mitigation strategies. Despite these obstacles, there are important trends and possibilities in the small hydropower sector. Higher energy conversion rates and better project economics are now possible thanks to the development of creative and effective turbine technologies. Additionally, the incorporation of digital technology, such as remote monitoring and control systems, has improved small hydropower plants' operational effectiveness and maintenance procedures. Additionally, the industry offers sizeable prospects for off-grid and rural electrification applications. Small hydropower projects can bring electricity to isolated places that are not wired into the main power system, enhancing these areas' quality of life and fostering economic growth.
Due to the rising industrialization and urbanization of the world in recent years, primary energy consumption has skyrocketed. Oil, gas, and coal—derivatives of petroleum—are used in the production of electricity. The demand for clean energy resources, including small hydropower, has increased due to the depletion of crude oil supplies and an increase in GHG emissions. An eco-friendly, dependable, useful, and sustainable source of electricity is a small hydropower plant. There would be a large reduction in carbon dioxide emissions if modest hydropower and other renewable energy sources were used more frequently. Thus, it is anticipated that over the forecast period, a rise in the demand for renewable energy will fuel the expansion of the small hydropower market. With BRICS countries becoming more industrialized, experts are concentrating on supplying power to rural and isolated areas. The inability to supply energy in isolated and rural locations due to the lack of a grid is anticipated to spur the demand for small hydropower. It is predicted that the growth of small hydropower will be hampered by restricted access to information on resource-rich places. Additionally, it is anticipated that future site expansion may be hampered by the size and flow of minor streams as the power damage increases. This element is anticipated to restrain market expansion.
Small hydropower is an essential component of sustainable energy solutions, and numerous countries have adopted favorable laws to encourage its growth. For instance, to promote investment in small hydropower projects, governments may offer cash incentives, subsidies, or tax advantages. They might also simplify the procedures for obtaining permits and complying with regulations, making it simpler for developers to handle the difficulties involved in obtaining project approvals. Through the removal of obstacles and the stimulation of private investment, this type of support promotes market expansion. For instance, the small hydropower industry has experienced tremendous expansion in India as a result of government policies and programs like the Small Hydro Power Development Program.
Small hydropower plant development sometimes entails high initial investment expenses. This covers costs for engineering, infrastructure development, equipment, and feasibility studies. Particularly for smaller developers or in places with low financial means, the high capital expenditures may operate as a barrier. Small hydropower is becoming more economically viable thanks to technological breakthroughs, economies of scale, and supportive financial instruments including subsidies, grants, and project finance.
The efficiency and performance of hydropower systems are being improved by ongoing technological developments in the small hydropower sector. For instance, enhanced project economics are made possible by the development of cutting-edge turbine designs like Kaplan and Pelton turbines. In addition, material advancements such improved composites and coatings increase turbine durability and lower maintenance needs. These scientific developments help make small hydropower plants more profitable and competitive overall.
Report Coverage
Global Small Hydropower research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Small Hydropower report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Small Hydropower competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Small Hydropower market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Small Hydropower market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Small Hydropower market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Voith (Germany), ANDRITZ (Austria), GE Renewable Energy (France), Siemens (Germany), Toshiba (Japan), BHEL (India), SNC-Lavalin (Canada), HNAC Technology (China), Gilbert Gilkes & Gordon Ltd(UK), Mavel (Czech Republic), HM Hydro (Japan), Ganz EEM (Hungary), Kolektor Turboinstitut (Slovenia), Canyon Hydro (US), CKD Blansko (Czech Republic), Canadian Hydro Components(Canada), ATB Riva Calzoni (Italy), Flovel (India), B Fouress (India), Global Hydro(Austria), Alstom S.A., Agder Energi AS, BC Hydro, Ontario Power Generation Inc., StatKraft AS, Fortum Oyj, Rentec Renewable Energy Technologies (Canada), Mannvit Engineering (Iceland), HydroCoil Power (Australia), VAPTECH (Bulgaria), Flowserve Corporation (U.S.), and Hydro Green Energy (U.S.) among others
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Small Hydropower market based on the below-mentioned segments:
Global Small Hydropower Market, By Type
Micro Hydropower
Mini Hydropower
Global Small Hydropower market, By Capacity
Up to 1 MW
1–10 MW
Global Small Hydropower Market, By Components
Electromechanical Equipment
Electric infrastructure
Civil Works
Global Small Hydropower market, Regional Analysis
Small hydropower is the hydroelectric electricity produced on a small scale to power a local village or industrial site. Depending on how a project is defined, the maximum amount of so-called moderate hydropower varies, but in general, producing capacities of up to 25 MW are permissible, which is why they are located at the top. The predicted water energy is converted into electrical energy in hydroelectric power facilities. The absolute power that hydroelectric power plants can generate depends on the volume of water flowing into the water turbine and its head. Small hydropower generates electricity by using the flow of water to operate a turbine that is connected to a generator.
As a sustainable and renewable energy source, the global small hydropower market has grown significantly in recent years. Small hydropower is the term used to describe the electricity produced by hydroelectric power facilities with a capacity typically between a few kilowatts and several megawatts. The market for small hydropower is expanding on a global scale due to a number of causes. First off, the adoption of renewable energy sources has been prompted by the growing emphasis on lowering greenhouse gas emissions and addressing climate change. Small hydropower plants significantly aid in reaching these objectives because they generate clean energy without releasing harmful pollutants. Second, the abundance of water resources makes modest hydropower a practical alternative for decentralized electricity generation, particularly in areas with rivers, streams, and natural waterfalls.
The market does, however, have some limitations and difficulties. Small hydropower project's expensive initial investment and complicated regulatory frameworks can impede market expansion. Concerns about environmental effects, such as modifications to river ecosystems and variations in fish migration patterns, also call for careful thought and mitigation strategies. Despite these obstacles, there are important trends and possibilities in the small hydropower sector. Higher energy conversion rates and better project economics are now possible thanks to the development of creative and effective turbine technologies. Additionally, the incorporation of digital technology, such as remote monitoring and control systems, has improved small hydropower plants' operational effectiveness and maintenance procedures. Additionally, the industry offers sizeable prospects for off-grid and rural electrification applications. Small hydropower projects can bring electricity to isolated places that are not wired into the main power system, enhancing these areas' quality of life and fostering economic growth.
Due to the rising industrialization and urbanization of the world in recent years, primary energy consumption has skyrocketed. Oil, gas, and coal—derivatives of petroleum—are used in the production of electricity. The demand for clean energy resources, including small hydropower, has increased due to the depletion of crude oil supplies and an increase in GHG emissions. An eco-friendly, dependable, useful, and sustainable source of electricity is a small hydropower plant. There would be a large reduction in carbon dioxide emissions if modest hydropower and other renewable energy sources were used more frequently. Thus, it is anticipated that over the forecast period, a rise in the demand for renewable energy will fuel the expansion of the small hydropower market. With BRICS countries becoming more industrialized, experts are concentrating on supplying power to rural and isolated areas. The inability to supply energy in isolated and rural locations due to the lack of a grid is anticipated to spur the demand for small hydropower. It is predicted that the growth of small hydropower will be hampered by restricted access to information on resource-rich places. Additionally, it is anticipated that future site expansion may be hampered by the size and flow of minor streams as the power damage increases. This element is anticipated to restrain market expansion.
Small hydropower is an essential component of sustainable energy solutions, and numerous countries have adopted favorable laws to encourage its growth. For instance, to promote investment in small hydropower projects, governments may offer cash incentives, subsidies, or tax advantages. They might also simplify the procedures for obtaining permits and complying with regulations, making it simpler for developers to handle the difficulties involved in obtaining project approvals. Through the removal of obstacles and the stimulation of private investment, this type of support promotes market expansion. For instance, the small hydropower industry has experienced tremendous expansion in India as a result of government policies and programs like the Small Hydro Power Development Program.
Small hydropower plant development sometimes entails high initial investment expenses. This covers costs for engineering, infrastructure development, equipment, and feasibility studies. Particularly for smaller developers or in places with low financial means, the high capital expenditures may operate as a barrier. Small hydropower is becoming more economically viable thanks to technological breakthroughs, economies of scale, and supportive financial instruments including subsidies, grants, and project finance.
The efficiency and performance of hydropower systems are being improved by ongoing technological developments in the small hydropower sector. For instance, enhanced project economics are made possible by the development of cutting-edge turbine designs like Kaplan and Pelton turbines. In addition, material advancements such improved composites and coatings increase turbine durability and lower maintenance needs. These scientific developments help make small hydropower plants more profitable and competitive overall.
Report Coverage
Global Small Hydropower research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Small Hydropower report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Small Hydropower competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Small Hydropower market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Voith (Germany), ANDRITZ (Austria), GE Renewable Energy (France), Siemens (Germany), Toshiba (Japan), BHEL (India), SNC-Lavalin (Canada), HNAC Technology (China), Gilbert Gilkes & Gordon Ltd(UK), Mavel (Czech Republic), HM Hydro (Japan), Ganz EEM (Hungary), Kolektor Turboinstitut (Slovenia), Canyon Hydro (US), CKD Blansko (Czech Republic), Canadian Hydro Components(Canada), ATB Riva Calzoni (Italy), Flovel (India), B Fouress (India), Global Hydro(Austria), Alstom S.A., Agder Energi AS, BC Hydro, Ontario Power Generation Inc., StatKraft AS, Fortum Oyj, Rentec Renewable Energy Technologies (Canada), Mannvit Engineering (Iceland), HydroCoil Power (Australia), VAPTECH (Bulgaria), Flowserve Corporation (U.S.), and Hydro Green Energy (U.S.) among others |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Small Hydropower Market from 2021 to 2030.
- Market Forecast for Small Hydropower Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Small Hydropower competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Small Hydropower
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Small Hydropower market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Small Hydropower market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Voith (Germany), ANDRITZ (Austria), GE Renewable Energy (France), Siemens (Germany), Toshiba (Japan), BHEL (India), SNC-Lavalin (Canada), HNAC Technology (China), Gilbert Gilkes & Gordon Ltd(UK), Mavel (Czech Republic), HM Hydro (Japan), Ganz EEM (Hungary), Kolektor Turboinstitut (Slovenia), Canyon Hydro (US), CKD Blansko (Czech Republic), Canadian Hydro Components(Canada), ATB Riva Calzoni (Italy), Flovel (India), B Fouress (India), Global Hydro(Austria), Alstom S.A., Agder Energi AS, BC Hydro, Ontario Power Generation Inc., StatKraft AS, Fortum Oyj, Rentec Renewable Energy Technologies (Canada), Mannvit Engineering (Iceland), HydroCoil Power (Australia), VAPTECH (Bulgaria), Flowserve Corporation (U.S.), and Hydro Green Energy (U.S.) among others
Primary Target Market
- Market Players of Small Hydropower
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Small Hydropower market based on the below-mentioned segments:
Global Small Hydropower Market, By Type
Micro Hydropower
Mini Hydropower
Global Small Hydropower market, By Capacity
Up to 1 MW
1–10 MW
Global Small Hydropower Market, By Components
Electromechanical Equipment
Electric infrastructure
Civil Works
Global Small Hydropower market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
You will get in-depth and extensive small hydropower market market research and competitor analysis for your business to help you develop more profound insights into the small hydropower market Market.
Through INFINITIVE Data Expert is a professional Market Research services, I will identify the small hydropower market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.