Global Small Hydropower Market – Industry Trends and Forecast to 2030

Global Small Hydropower Market, By Capacity (Up to 1 MW, 1-10 MW), Type (Mini Hydropower, Micro Hydropower), Component (Electric Infrastructure, Electromechanical Equipment, Civil Works, Others) – Industry Trends and Forecast to 2030.

Small Hydropower Market Analysis and Size

One of the most important challenges affecting the world's economy, ecology, and progress today is energy. The production of clean energy and the construction of new facilities are acknowledged as crucial components in meeting the world's need for power. Green and ecological energy sources are becoming more and more necessary in both developed and developing nations due to the growing worries over climate change and the GHG emissions from traditional fossil fuels.

Data Bridge Market Research analyzes that the global small hydropower market, which was USD 3,675.60 million in 2022, would rocket up to USD 4,340.44 million by 2030, and is expected to undergo a CAGR of 2.1% during the forecast period. “1-10 MW” dominates the capacity segment of the market as the investment costs per KW for 1–10 MW small hydropower plant projects are often cheaper than those for projects under 1 MW, and they also have a larger installed capacity and head.

In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Small Hydropower Market Scope and Segmentation

Market Definition

The creation of hydroelectric electricity on a small scale to supply a small community or industrial facility is known as small hydropower. The highest limit of what is called modest hydropower varies depending on the definition of a project, but in general, a generating capacity of up to 25 MW is acceptable, due to which they are situated at the top. Hydroelectric power plants transform the anticipated water energy into electrical energy. The amount of water flowing into the water turbine and its head determine the absolute power that hydroelectric power facilities can produce. Small hydropower produces energy by turning a turbine that is connected to a generator with the help of the water flow.

Global Small Hydropower Market Dynamics

Drivers

• Renewable Energy Policies and Targets

The development of the small hydropower industry is significantly influenced by government goals and policies aimed at raising the proportion of renewable energy in the overall energy mix. Small hydropower projects benefit from supportive policies such as feed-in tariffs, tax breaks, subsidies, and renewable portfolio requirements because they provide a favorable investment environment.

• Energy Security and Independence

The possibility to diversify energy sources and lessen reliance on fossil fuels is provided by small hydropower. It provides a dependable and environmentally friendly energy choice, enhancing energy security and lowering vulnerability to changes in fuel prices and supply interruptions.

Opportunities

• Renewable Energy Transition

Small hydropower offers a dependable and sustainable alternative in light of the growing emphasis on cutting greenhouse gas emissions and switching to renewable energy sources. By providing a means to produce power from a renewable source, it helps to lessen reliance on fossil fuels.

• Rural Electrification

Rural and distant locations can benefit greatly from small hydropower projects by having access to electricity. Small hydropower systems can offer a cost-effective and sustainable energy solution, increasing living standards and fostering economic growth in these areas that frequently lack access to grid-connected power.

Restraints/Challenges

• Environmental Concerns

Small hydropower can nonetheless have an influence on regional ecosystems and biodiversity while having a lesser environmental impact than large-scale hydropower plants. Fish migration, habitat disruption, water quality, and sedimentation are a few examples of environmental issues that might be problematic and need proper project planning and mitigation strategies.

• Project Siting Challenges

It might be difficult to find ideal locations for small hydropower plants. Important factors to take into account include accessibility to enough water flow, appropriate head and elevation changes, and closeness to the electrical grid. The possibility of extensive deployment may be constrained by the scarcity of appropriate places.

The global small hydropower market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on this market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you make an informed market decision to achieve market growth.

Recent Developments

• In December 2022, CH. Karnchang (Lao) Company Ltd. ordered electro-mechanical equipment from ANDRITZ for the recently built Luang Prabang run-of-river hydropower project in the Lao People's Democratic Republic
• In September 2022, The hydropower division of GE Renewable Energy has entered into a five-year agreement with Norte Energia that will see the Belo Monte hydropower facility (11 GW) and its supplementary powerhouse (Pimental, 233 MW) get all necessary regular, scheduled, and corrective maintenance. The Belo Monte Project produces enough energy to supply 60 million people with all their requirements for power
• In September 2021, Two of Toshiba Energy Systems & Solutions Corporation's subsidiaries, Toshiba Asia Pacific Indonesia (TAPI), based in Indonesia, and Toshiba Hydro Power (Hangzhou) Co., Ltd., based in China, received a significant order to supply four hydro turbines for the Kerinci Merangin Hydroelectric Power Plant on Sumatra Island, Indonesia. This was announced by Toshiba Energy Systems & Solutions Corporation

Global Small Hydropower Market Scope

The global small hydropower market is segmented into three notable segments based on capacity, type, and component. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Capacity

• Up to 1 MW
• 1-10 MW

Type

• Mini Hydropower
• Micro Hydropower

Component

• Electric Infrastructure
• Electromechanical Equipment
• Civil Works
• Others

Global Small Hydropower Market Regional Analysis/Insights

The global small hydropower market is analyzed and market size insights and trends are provided by country, capacity, type, and component as referenced above.

The countries covered in this market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, and Rest of Middle East and Africa.

Asia-Pacific dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2023-2030. This is due to increasing investments in off-grid energy generation and rural electrification, rising investments in renewable and small hydropower projects in response to climate change, increasing positive outlook on renewable energy, and rising electricity consumption in this region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data. 

Competitive Landscape and Global Small Hydropower Market Share Analysis

The global small hydropower market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the market.

Some of the major players operating in the global small hydropower market are:

• Canyon Hydro (U.S.)
• Rentec Renewable Energy Technologies (Canada)
• Gilkes (U.K.)
• Mannvit Engineering (Iceland)
• HydroCoil Power (Australia)
• VAPTECH (Bulgaria)
• Flowserve Corporation (U.S.)
• Hydro Green Energy (U.S.)