PUBLISHER: The Business Research Company | PRODUCT CODE: 1455525
PUBLISHER: The Business Research Company | PRODUCT CODE: 1455525
Small hydropower refers to the generation of electricity using hydropower systems with a capacity typically less than 10 megawatts (MW). These systems utilize the energy from flowing or falling water to generate electricity on a smaller scale compared to larger hydropower plants.
Small hydropower encompasses micro hydropower, mini hydropower (with a capacity of up to 1 MW), and small hydropower (1-10 MW). Microhydropower, specifically, is a hydroelectric power category generating 5 kW to 100 kW of electricity by harnessing the natural flow of water. Business applications for small hydropower include deployment in civil construction, power infrastructure, and various commercial and utility-scale projects.
The small hydropower market research report is one of a series of new reports from The Business Research Company that provides small hydropower market statistics, including small hydropower global market size, regional shares, competitors with a small hydropower market share, detailed small hydropower market segments, market trends and opportunities, and any further data you may need to thrive in the small hydropower industry. This small hydropower market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The small hydropower market size has grown steadily in recent years. It will grow from $2.94 billion in 2023 to $3.04 billion in 2024 at a compound annual growth rate (CAGR) of 3.4%. The growth observed in the historic period can be attributed to several factors, including the abundant supply of water resources, initiatives for rural electrification, increasing environmental concerns, the versatility and relatively low investment costs associated with small hydropower projects, and the availability of financial incentives. These factors collectively contributed to the expansion and development of small hydropower during the historic period.
The small hydropower market size is expected to see steady growth in the next few years. It will grow to $3.38 billion in 2028 at a compound annual growth rate (CAGR) of 2.7%. The anticipated growth in the forecast period can be attributed to the increasing demand for clean energy, the rise in greenhouse gas emissions, a surge in the production of energy from renewable sources, the growing installation of small hydropower plants, and the ongoing trend of industrialization. Major trends expected in the forecast period include the integration of Internet of Things (IoT) with hydropower systems, the adoption of digital technologies, continuous technological advancements, and geographical expansion of small hydropower projects. These trends are likely to play a significant role in shaping the future landscape of the small hydropower industry.
The small hydropower market is expected to experience growth due to the increasing demand for clean energy. Clean energy sources aim to minimize negative environmental impacts, particularly in terms of greenhouse gas emissions and air pollution. Small hydropower systems contribute to clean energy generation by producing electricity without emitting greenhouse gases or air pollutants during operation. The International Energy Agency reported in May 2022 that global renewable capacity is projected to increase by 8%, from 295 gigawatts in 2021 to 320 gigawatts in 2022, reflecting the growing emphasis on clean energy sources. This rising demand for clean energy is a key driver propelling the small hydropower market.
Major companies in the small hydropower market are actively engaged in developing innovative products to strengthen their market position. One such innovation is the introduction of mini hydropower systems, which are small-scale hydropower setups generating electricity from flowing water with a capacity typically ranging from 100 kW to 1 MW. In March 2022, Ricoh Company Ltd., a Japanese provider of imaging and electronic systems, launched a 3D-Pico Hydro Generation System. This system utilizes 3D-printed sustainable materials and can be integrated with solar panels and batteries for a more stable power supply. The 3D-printed components are made from recycled plastics, enhancing the system's sustainability. Additionally, the system can be combined with solar panels and batteries to create a hybrid power system.
In March 2021, Siemens Limited, a German electronic manufacturing company, acquired C&S Electric Limited in India for an undisclosed amount. This strategic acquisition is aimed at broadening Siemens' product portfolio, providing a comprehensive range of products, solutions, systems, and services to customers in India and other markets. The acquisition enables Siemens to address the evolving needs of the energy transition, including storage and sector-coupling solutions. C&S Electric Limited is an Indian-based provider of small hydropower solutions, aligning with Siemens' commitment to advancing clean energy technologies.
Major companies operating in the small hydropower market report are General Electric, Siemens Energy, Toshiba Corporation, ANDRITZ, SNC Lavalin Group, Voith GmbH & Co. KGaA, Mavel, a.s., Flowserve Corporation, BHEL, Kolektor Turboinstitut, FLOVEL Energy Private Limited, Mannvit Engineering, VAPTECH, Canyon Hydro, Ganz EEM, ATB Riva Calzoni, Natel Energy, Inc., Canadian Hydro Components, Hitachi Mitsubishi Hydro, B Fouress, HydroCoil Power, Hydro Green Energy, Rentec Renewable Energy Technologies, Gilkes Hydro
Asia Pacific was the largest region in the small hydropower market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the small hydropower market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the small hydropower market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The small hydropower market includes revenues earned by entities by providing services such as clean electricity generation, rural electrification, engineering and design, monitoring and optimization and installation and project management. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The small hydropower market also includes sales of turbines, generators, penstocks, weirs, and control systems. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Small Hydropower Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on small hydropower market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for small hydropower ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The small hydropower market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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