PUBLISHER: Grand View Research | PRODUCT CODE: 1630941
PUBLISHER: Grand View Research | PRODUCT CODE: 1630941
The U.S. small hydropower market size is expected to reach USD 366.5 million by 2030, registering a CAGR of 2.6% from 2025 to 2030, according to a new report by Grand View Research, Inc. Increasing demand for renewable energy in the U.S. is expected to drive the market over the forecast period. The recent outbreak of COVID-19 has disrupted supply chains and sharply curtailed commodity demand. Restriction in supply and transportation, due to the slowdown or halt in factory operations and partial or nationwide lockdown in the country to restrain the spread of the coronavirus, is expected to have a negative impact on the market growth.
In 2020, the total U.S. conventional hydroelectricity generation was about 291 billion kilowatt-hours (kWh), equivalent to about 7.3% of the total U.S. utility-scale electricity generation. In the same year, there was about 22,894 MW of total pumped-storage hydroelectric generating capacity in 18 states and 5 states combined had 61% of the national total. Companies, such as American Hydro, ANDRITZ, GE Renewable Energy, Voith, and Toshiba, manufactured 92 turbines with capacities of more than 30 MW in the past decade that are installed in the U.S., while more than a dozen companies are serving the demand for small turbines in the country.