Small hydropower is a renewable, clean, and predictable energy source. Small hydropower generation systems are used to generate electricity by converting the mechanical energy in the running water into electric energy, similar to larger conventional hydroelectric systems. Small hydro systems can be connected to the grid to provide power to it. It can also be used for independent and stand-alone applications in isolated remote areas. Setting up of small hydroelectric plants require low capital investment due to minimum reservoirs and civil construction work. The global market for small hydropower market has been categorized into micro hydropower and mini hydropower plants.

To have an edge over the competition by knowing the market dynamics and current trends of “Small Hydropower Market”, request for Sample Report here

Increased focus towards rural electrification in emerging and underdeveloped economies, reducing dependency on conventional resources, and low maintenance cost and capital investment is driving the growth of the Small Hydropower market. Renewable power generation aids countries in meeting sustainable development goals through provision of access to secure, reliable, clean, and affordable energy. Large capacity of hydropower systems are being installed across the globe every year. Moreover, in recent years, there has been a drastic reductions in renewable energy technologies’ costs due to R&D and accelerated developments. Small hydropower plants can be built through existing dams or via a running river, which reduces more than 45% cost of civil construction and results into low capital cost of the project. Small hydropower plants have low operational cost as it requires less labor management and site maintenance. Hence, the low capital and maintenance cost associated with installation of small hydropower plant is expected to fuel the market growth. However, the cost associated with operating small hydropower plant when compared with New Solar Photovoltaic (PV) and Onshore Wind Power is high, which might hamper the growth of the market.

Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report

Based on capacity, the market is segmented into Up to 1 MW and 1–10 MW. Among these, the 1-10 MW segment is expected to grow at a higher CAGR during the forecast period. This is attributed to the small-scale decentralized projects which are being deployed in developing nations, majorly in Asia-Pacific for rural electrification.

On the basis of type, the market is segmented into mini hydropower and micro hydropower. Among these, the mini hydropower segment is expected to grow at a higher CAGR during the forecast period. The installations in mini-hydropower segment is driven by rural electrification. China has led the way for installing small hydropower plants. On the other hand, developed countries such as, the U.S. and Norway, are installing small hydropower plants to enhance the renewable energy percentage in the nation’s energy mix.

Based on component, the market is segmented into electromechanical equipment, electric infrastructure, and civil works. Among these, the civil work segment is expected to witness a higher CAGR growth during the forecast period. Civil works account for maximum share of project costs in small hydropower projects as it helps to properly guide the water on turbines and enhances water head and civil structures. These simple public structures are cheaper than large hydropower plants but constitute larger share of total project cost, thus proliferating the growth of the segment.

In case, any of your pain points areas are not covered in the current scope of this report, Request for Customization here

Based on the Region, Asia-Pacific is projected to witness a higher CAGR growth during the forecast period. This is attributed to the rising investments in rural electrification and off-grid energy generation in countries like China, India, and Vietnam. Moreover, the increasing need to supply electricity in remote areas coupled with the rising environmental concerns is expected to accelerate the growth of the market in Asia-Pacific region.

The key players in the market include Voith GmbH & Co, ANDRITZ Inc, GE Renewable Energy, Toshiba Corporation, Siemens AG, Bharat Heavy Electrical Ltd (BHEL), Gilbert Gilkes & Gordon, Flovel Energy Pvt. Ltd, Alstom S.A., and StatKraft AS among others.

Key Developments:

• • In 2019, Voith GmbH & Co. received an order to manufacture, design, and supply the electromechanical equipment for small hydropower plant named as Kabu 16 in Burundi Africa. The Voith GmbH & Co. is responsible for valves, generators, and two vertical Francis turbine.

The Global Small Hydropower market has been segmented based on Capacity, Type, Component, and Key Region. Based on Capacity, the market is segmented into Up to 1 MW and 1–10 MW. Based on Type, the market is segmented into Micro Hydropower and Mini Hydropower. Based on Component, the market is segmented into Electromechanical Equipment, Electric infrastructure, Civil Works and Others.

For detailed scope of the “Small Hydropower Market” report request a Sample Copy of the report

Key questions answered in this research report:

• • At what pace is the Global Small Hydropower market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the Global Small Hydropower market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the Global Small Hydropower market?
  • What are the components of Global Small Hydropower market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

 

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Value (USD Million)
Market Segment	By Capacity, By Type, By Component and By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Voith GmbH & Co, ANDRITZ Inc, GE Renewable Energy, Toshiba Corporation, Siemens AG, Bharat Heavy Electrical Ltd (BHEL), Gilbert Gilkes & Gordon, Flovel Energy Pvt. Ltd, Alstom S.A., and StatKraft AS among others.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

 

Market Segmentation

Global Small Hydropower Market by Capacity

• • Up to 1 MW
  • 1–10 MW

Global Small Hydropower Market by Type

• • Micro Hydropower
  • Mini Hydropower

Global Small Hydropower Market 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)

Global Small Hydropower Market by Region

• • North America Small Hydropower Market
    Option 1: As a part of the free 25% customization
    • By Capacity
    • By Type
    • By Component
    • US Market All-Up
    • Canada Market All-Up
  • Europe Small Hydropower Market
    Option 2: As a part of the free 25% customization
    • By Capacity
    • By Type
    • By Component
    • UK Market All-Up
    • Germany Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Small Hydropower Market
    Option 3: As a part of the free 25% customization
    • By Capacity
    • By Type
    • By Component
    • China Market All-Up
    • India Market All-Up
    • Rest of Asia-Pacific Market All-Up
  • RoW Small Hydropower Market
    Option 4: As a part of the free 25% customization
    • By Capacity
    • By Type
    • By Component
    • U.A.E. All-Up
    • Brazil Market All-Up
    • Rest of World (remaining countries on LAMEA) Market All-Up

Leading Market Players (Option 5: As a part of the free 25% customization – Profiles of 5 Additional Companies of your Choice)

• • Voith GmbH & Co
  • ANDRITZ Inc
  • GE Renewable Energy
  • Toshiba Corporation
  • Siemens AG
  • Bharat Heavy Electrical Ltd (BHEL)
  • Gilbert Gilkes & Gordon
  • Flovel Energy Pvt. Ltd
  • Alstom S.A.
  • StatKraft AS