The India small hydropower market size reached USD 124.46 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 204.04 Million by 2033, exhibiting a growth rate (CAGR) of 5.2% during 2025-2033. Government initiatives promoting renewable energy, the need for rural electrification, and the country's abundant water resources suitable for small-scale projects are some of the factors propelling the growth of the market.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 124.46 Million |
Market Forecast in 2033 | USD 204.04 Million |
Market Growth Rate (2025-2033) | 5.2% |
Growing Expansion of Renewable Energy
India is undergoing a significant transformation in its energy sector, focusing on increasing the share of renewable sources. The country has set ambitious goals to enhance its capacity in solar, wind, hydroelectric, and other renewable energies. This shift aims to reduce dependence on fossil fuels, decrease greenhouse gas emissions, and promote sustainable development. The government's policies and initiatives are designed to attract investments, encourage technological advancements, and facilitate the integration of renewable energy into the national grid. Challenges such as infrastructure development, financing, and regulatory frameworks are being addressed to ensure the successful implementation of these initiatives. India's commitment to renewable energy reflects its dedication to environmental sustainability and energy security. As of October 2024, India's small hydropower capacity has reached 5.07 GW contributing to the nation's total renewable energy capacity of 203.18 GW. This growth underscores India's commitment to expanding its renewable energy portfolio. This significant progress aligns with India's goal of achieving 500 GW of non-fossil fuel electricity generation capacity by 2030.
Strategic Enhancement of Hydropower Capacity
India is actively enhancing its hydropower capacity to meet escalating electricity demand. The government has optimized hydropower generation, adding additional capacity to the grid. This initiative aligns with directives for coal and gas-based thermal plants to operate during peak summer months, aiming to address the anticipated peak demand and prevent potential outages during hotter-than-usual seasons. Beyond immediate measures, India is investing in long-term hydropower projects, with significant capacity currently under construction, projected to increase total hydro capacity in the coming years. These efforts underscore India's commitment to bolstering its energy infrastructure, ensuring a stable and sustainable power supply amidst growing consumption needs. For instance, in May 2024, the Indian government optimized hydropower generation to address rising peak power demand, adding an extra 4 GW capacity. This move follows directives for coal and gas-based thermal plants to operate during summer months, aiming to meet the anticipated 240 GW peak demand and prevent potential outages during the hotter-than-usual season.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region/country level for 2025-2033. Our report has categorized the market based on capacity and component.
Capacity Insights:
The report has provided a detailed breakup and analysis of the market based on the capacity. This includes up to 1 MW and 1–10 MW.
Component Insights:
A detailed breakup and analysis of the market based on the component have also been provided in the report. This includes turbine, generator, electric infrastructure, intake valves and penstock, and others.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Capacities Covered | Up to 1 MW, 1–10 MW |
Components Covered | Turbine, Generator, Electric Infrastructure, Intake Valves and Penstock, Others |
Regions Covered | North India, South India, East India, West India |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: