Small Hydropower Market by Component, Type, Capacity

List of Tables

[183 Pages Report] The Small Hydropower Market size was estimated at USD 2.43 billion in 2023 and expected to reach USD 2.54 billion in 2024, at a CAGR 4.76% to reach USD 3.37 billion by 2030.

Small hydropower refers to the generation of hydroelectric power on a scale that serves a small community or an industrial plant. Generally, small hydropower projects have a capacity of up to 10 megawatts (MW). Some definitions extend up to 30 MW. Unlike large-scale hydroelectric plants, small hydropower projects typically utilize natural water flow rather than large reservoirs, minimizing environmental impacts. These projects can be developed in stream canals, rivers, or any existing water infrastructure with sufficient flow and hydraulic head to generate electricity. Due to their smaller size and the simplicity of their construction, they are seen as a more sustainable and less intrusive form of renewable energy. Supportive regulatory frameworks and financial incentives significantly drive the adoption of small hydropower projects. The global shift towards renewable energy resources to mitigate climate change positively impacts the market. However, the potential impact on local ecosystems and water courses can lead to opposition and regulatory hurdles. Additionally, the feasibility of small hydropower projects is heavily dependent on local geography and hydrological conditions. However, key players are exploring the integration of advanced technologies such as AI/ML, real-time data analytics monitoring, and robotics strategies for the effective management of small hydropower plants. Developing turbine and dam designs that minimize ecological disruption, enhancements in turbine efficiency, and reduction in maintenance requirements can provide new avenues of growth for the industry.

KEY MARKET STATISTICS
Base Year [2023]	USD 2.43 billion
Estimated Year [2024]	USD 2.54 billion
Forecast Year [2030]	USD 3.37 billion
CAGR (%)	4.76%

Regional Insights

The Americas region, particularly the U.S. and Canada, features a robustly developed architecture for energy infrastructure. In the U.S., there is a growing emphasis on renewable energy sources, with small hydropower being recognized for its lower environmental impact compared to larger-scale hydropower projects. The US market is driven by incentives such as the Renewable Electricity Production Tax Credit (PTC) and various state-level policies and grants. Customer purchasing behavior often aligns with sustainable and eco-friendly energy solutions, making small hydropower a preferred choice for many. The European Union (EU) has been at the forefront of adopting renewable energy, with small hydropower playing a significant role in meeting its renewable energy targets. EU countries exhibit high consumer demand for green energy, driven by stringent environmental policies, financial incentives, and a collective commitment to the Paris Agreement. The EU's focus on sustainability and energy independence significantly influences purchasing behaviors towards small hydropower solutions. The Middle East's interest in small hydropower is emerging, primarily as part of a broader strategy to diversify energy sources and reduce oil dependency. APAC region's adoption of small hydropower is backed by government initiatives to reduce the environmental impact of the energy industry. China has made substantial investments in research, development, and deployment of small hydropower projects. Japan's focus on small hydropower is part of its broader strategy to increase renewable energy. India's small hydropower market is propelled by the government's push for rural electrification and renewable energy targets. There is substantial interest in small hydropower projects for off-grid energy solutions in remote areas.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Small Hydropower Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers
- Global shift towards sustainable and renewable energy sources
- Government policies and incentives for green energy, rural electrification projects
- Advancements in turbine and generator technologies

Market Restraints
- High cost of project implementation

Market Opportunities
- Increase in providers of small hydropower solutions
- Increasing focus of the government on building small hydropower projects in the rural areas

Market Challenges
- Restricted access to information about resource-rich areas

Market Segmentation Analysis
- Component: Ongoing projects and initiatives to advance the civil works architecture
- Application: Provision of a sustainable power source for smaller communities through the adoption of small hydropower

Market Disruption Analysis
Porter's Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Small Hydropower Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Small Hydropower Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Ardian Acquires 100% Stake in Peru-based Hydropower Company

Ardian, an investment firm operating its Ardian Clean Energy Evergreen Fund (ACEEF), successfully announced the acquisition of a hydropower company in Peru. This strategic move signifies Ardian's commitment to expanding its renewable energy portfolio, acquiring the company from a consortium of investors led by BTG Pactual, Patria Investments, and GMR Holding B.V. These contracts are inflation-linked and have a substantial remaining average duration of about ten years, showcasing Ardian's forward-thinking approach in securing long-term value and stability in the renewable energy sector. [Published On: 2023-12-18]

Suomen Voima Launches Noste Pumped Storage Project in Finland

Suomen Voima Oy launched three compact pumped storage hydropower facilities in Kemijarvi, Finland. This project aimed to support Finland's shift toward renewable energy and maintain a stable energy supply. Pumped storage hydropower, a relatively novel approach within Finland, offers a robust solution to the intermittency issues of rapidly expanding wind and solar power sectors. By potentially delivering an additional 100 to 200 MW of balancing power, Noste is poised to play a crucial role in enhancing Finland's energy resilience and facilitating a seamless transition to a sustainable energy ecosystem. [Published On: 2023-12-14]

Smakraft AS Partners with HYDROGRID to Enhance Hydropower Production Efficiency

Smakraft AS, a key player in Europe's renewable energy sector, partnered with Vienna-based digitalization expert HYDROGRID. This partnership aims to elevate operational proficiency by applying HYDROGRID Insight, an avant-garde real-time predictive planning tool. Specifically, this initiative will focus on optimizing four cascades and two independent storage hydropower facilities across Norway and Sweden, encompassing sixteen sites. Through this partnership, Smakraft AS underscores its commitment to maximizing the potential of its resources, aligning with broader goals for a sustainable energy future. [Published On: 2023-08-29]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Small Hydropower Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Small Hydropower Market, highlighting leading vendors and their innovative profiles. These include Alpiq Holding Ltd., Andritz AG, BC Hydro, Bharat Heavy Electricals Limited, Blue World Power Energy and Resources, CINK Hydro - Energy k.s., Dulas Ltd., FLOVEL Energy Private Limited, General Electric Company, Gilbert Gilkes & Gordon Ltd., Gravity Renewables, Inc., Innergex Renewable Energy, Japan Renewable Energy Corporation, Manvit, Marubeni Corporation, Natel Energy, Inc., New England Hydropower Company, NiX JAPAN Co., Ltd., Pernix Group, Inc., RusHydro, Siemens AG, Smakraft A, SNC Lavalin Group, Stantec Inc., Suomen Voima Oy, Toshiba corporation, Voith GmbH & Co. KGaA, Voltalia SA, ZE ENERGY INC., and A Energi.

Market Segmentation & Coverage

This research report categorizes the Small Hydropower Market to forecast the revenues and analyze trends in each of the following sub-markets:

Component
- Civil Works
- Electric Infrastructure
- Electromechanical Equipment
  - Generator
  - Turbine
Type
- Micro Hydropower
- Mini Hydropower

Capacity
- 1-10 MW
- Up to 1 MW

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

Product Code: MRR-3A2E844FD5D2

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Global shift towards sustainable and renewable energy sources
  - 5.1.1.2. Government policies and incentives for green energy, rural electrification projects
  - 5.1.1.3. Advancements in turbine and generator technologies
- 5.1.2. Restraints
  - 5.1.2.1. High cost of project implementation
- 5.1.3. Opportunities
  - 5.1.3.1. Increase in providers of small hydropower solutions
  - 5.1.3.2. Increasing focus of the government on building small hydropower projects in the rural areas
- 5.1.4. Challenges
  - 5.1.4.1. Restricted access to information about resource-rich areas
5.2. Market Segmentation Analysis
- 5.2.1. Component: Ongoing projects and initiatives to advance the civil works architecture
- 5.2.2. Application: Provision of a sustainable power source for smaller communities through the adoption of small hydropower
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Small Hydropower Market, by Component

6.1. Introduction
6.2. Civil Works
6.3. Electric Infrastructure
6.4. Electromechanical Equipment

7. Small Hydropower Market, by Type

7.1. Introduction
7.2. Micro Hydropower
7.3. Mini Hydropower

8. Small Hydropower Market, by Capacity

8.1. Introduction
8.2. 1-10 MW
8.3. Up to 1 MW

9. Americas Small Hydropower Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Small Hydropower Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Small Hydropower Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Ardian Acquires 100% Stake in Peru-based Hydropower Company
- 12.3.2. Suomen Voima Launches Noste Pumped Storage Project in Finland
- 12.3.3. Smakraft AS Partners with HYDROGRID to Enhance Hydropower Production Efficiency
12.4. Strategy Analysis & Recommendation

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio