Global Small Hydropower Market holds potential to reach US$ 3.59 Billion by 2027, driven by multiple factors, including demand and supply-side drivers.
Global Small Hydropower Market Product Definition:

Small hydropower is a renewable and clean source of energy that generates electricity by converting mechanical energy into electric energy. Small hydro projects are being set up both by government and private developers as per the state policies. Small hydro projects are not only cost-intensive with good returns, but they also have less effect on the ecology and topography of the region.
Increase Rural Electrification In Emerging Countries

The investments in small hydropower projects to increase rural electrification in emerging countries such as China, Vietnam, and India are expected to drive the demand for the small hydropower market. Also, the financial incentives and help in the form of low-interest loans, grants, renewable purchase obligations, and feeding tariffs, would further support demand and supply-side growth of the small hydropower market covered in the report.
Integration of IoT With Hydropower In The Era Of Connected Technologies

There have been severe reductions in renewable energy technology costs because of R&D and accelerated developments. A small hydropower plant is built through existing dams or a running river, which decreases above 46% cost of civil construction and results in a low capital cost for the project. Similarly, the integration of IoT with hydropower in the era of connected technologies is expected to offer significant opportunities for the growth of the small hydropower market in the future.
The High Cost Associated With Operating A Small Hydropower Plant

The cost associated with operating a small hydropower plant when compared with New Solar Photovoltaic (PV) and Onshore Wind Power is high, which might discourage the growth of the small hydropower market.

Global Small Hydropower Market

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The 1-10 MW segment is held the largest market share of the small hydropower market in 2019.

By capacity, the 1-10 MW segment held the largest market share of the small hydropower market in 2019, because of the small hydropower installations in many countries across the globe. This is mainly due to the small-scale decentralized projects being organized in developing countries like China, Vietnam, and India, among others, particularly in the Asia Pacific, for rural electrification. For example, a 9MW solar-hydro hybrid project in development in Burundi was awarded $990,000 by the African Development Bank-managed Sustainable Energy Fund for Africa (SEFA) in 2019.
The Mini-Hydropower Segment is Expected To Accounts For The Largest Market Share By 2027.

By type, the mini-hydropower segment is expected to accounts for the largest market share of the global market by 2027, in terms of value. This is mainly because of the increasing installation of mini-hydropower plants in many countries across the globe. For example, China has shown a way of installing small hydropower plants. The developed countries like the US and Norway are investing in small hydropower schemes to enhance the renewable energy share in the country’s energy mix.

The Asia Pacific is expected to lead the global small hydropower market in terms of market size

The Asia Pacific is currently the largest small hydropower market, followed by Europe and North America. The Asia Pacific market is expected to grow during the forecast period because of investments in rural electrification and off-grid energy generation. China, Australia, Vietnam, and India are the world’s fastest-growing economies, contributing largely to the Asia Pacific market. For instance, on June 30, 2019, India was approximately 4,604.81 MW while, 116 small hydropower (SHP) projects aggregating 589.99 MW are currently under construction.

Europe is expected to witness significant growth as an outcome of favorable government regulations. Also, according to the Renewable Energy Directive of the European Union States, the member state has to produce approx. a 25% share of its energy using renewable sources of energy by 2020.
Global Small Hydropower Market Industry Developments:

• In Sept 2019, Voith Hydro opened its branch office in Kathmandu, Nepal. Voith Hydro, which had been supplying hydropower equipment to Nepal since 1968, undertook this expansion to build its customer base and provide quality service.
• In June 2019, Voith’s subsidiary in Russia, VolgaHydro opened a new production plant in Balakovo, Russia. Through this new investment, Voith would carry out activities that include maintenance services and supplying equipment to large and small hydropower plants.
• In July 2019, GE Renewable Energy started offering modular turbines for micro hydropower, following its recent partnership with Energy. The micro hydropower units were made available in 10 kW and 15 kW sizes and could be combined to offer solutions up to 1 MW.

The objective of the report is to present a comprehensive analysis of the Global Small Hydropower Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Small Hydropower Market dynamics, structure by analyzing the market segments and project the Global Small Hydropower Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Small Hydropower Market make the report investor’s guide.

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Scope of the Global Small Hydropower Market: Inquire before buying

Global Small Hydropower Market, By Capacity

• Up to 1 MW
• 1–10 MW
Global Small Hydropower Market, By Type

• Micro Hydropower
• Mini Hydropower
Global Small Hydropower Market, By Components

• Electromechanical Equipment
o Turbine
o Generator
o Other Equipment (includes inlet valves gates, penstock, governors, and auxiliaries)
• Electric Infrastructure
• Civil Works
• Others (includes engineering, structural, management, environmental mitigation, and project development)
Global Small Hydropower Market, By Region

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in the Global Small Hydropower Market

• Voith
• ANDRITZ
• GE Renewable Energy
• Siemens
• Toshiba
• BHEL
• SNC-Lavalin
• HNAC Technology
• Gilbert Gilkes & Gordon Ltd
• Mavel
• HM Hydro
• Ganz EEM
• Kolektor Turboinstitut
• Canyon Hydro
• CKD Blansko
• Canadian Hydro Components
• ATB Riva Calzoni
• Flovel
• B Fouress
• Global Hydro

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