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The global small hydropower market is expected to grow at a CAGR of around 3% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Small hydropower (SHP) refers to the technology of generating power by converting kinetic energy from moving water to electricity. Small hydropower plants are installed in streams, small rivers or in an existing water supply network, such as drinking water or wastewater networks. Hydropower generation is based on the water flow of the rivers and can be applied for low-to-medium voltage electric needs, such as lighting and telecommunication. In comparison to large-scale hydropower systems, SHP plants have negligible or no impact on the environment, wildlife and marine life. They are also an effective alternative for generating sustainable and inexpensive energy in developing and rural areas.
The increasing demand for renewable sources of energy across the globe represents one of the key factors driving the growth of the market. Furthermore, governments of various developing and underdeveloped nations are launching an increasing number of initiatives to enhance rural electrification, thereby providing a thrust to the market growth. Financial aid and loan facilities are also offered to the local communities to resettle, build and operate SHP plants. In line with this, increasing investments in hydropower projects in response to severe climate change is contributing to the market growth. Additionally, various technological advancements, such as the integration of the Internet of Things (IoT) with SHP components, are acting as other growth-inducing factors. These technologies enable automation and facilitate the production of limited electricity despite extreme changes in the weather. Other factors, including the implementation of favorable policies for sustainable development, along with the upgradation of abandoned hydro sites, are anticipated to drive the market further.
IMARC Group provides an analysis of the key trends in each sub-segment of the global small hydropower market report, along with forecasts for growth at the global and regional level from 2021-2026. Our report has categorized the market based on capacity and component.
Breakup by Capacity:
Breakup by Component:
Breakup by Region:
The competitive landscape of the industry has also been examined with some of the key players being ANDRITZ, BHEL, Canyon Hydro, GE Renewable Energy, Gilbert Gilkes & Gordon Ltd., HNAC Technology, Mavel, Siemens, SNC-Lavalin, Toshiba and Voith.
|Base Year of the Analysis||2020|
|Segment Coverage||Capacity, Component, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||ANDRITZ, BHEL, Canyon Hydro, GE Renewable Energy, Gilbert Gilkes & Gordon Ltd., HNAC Technology, Mavel, Siemens, SNC-Lavalin, Toshiba and Voith|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
|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)|
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