Small Hydropower Market Overview
According to a recent survey conducted by ChemView Consulting, the Global Small Hydropower Market grew at a CAGR of 4.8% between 2017-2021 and is estimated to be US$ 1,746.5Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 5.2% and is expected to reach a valuation of US$ 2,899.5Mn by 2032 end.
A small hydropower plant uses the flow of water to produce electricity. There is no universal agreement among countries and regions, so its classification varies from country to country. Small hydropower facilities, divided into parts below 10 MW and above 10 MW, can power an industrial facility or a small settlement. The amount of hydropower produced is directly correlated with river stream flow.
As a result, river stream flow changes may impact the performance of small hydroelectric plants. The quantity of rainfall and temperature in the area and other climatic factors influence stream flow seasonally. This affects the production of hydroelectricity.
ChemView Consulting has analyzed that hydroelectricity is one of the most eco-friendly and cleanest sources of renewable energy. It is one of the least expensive energy sources because it costs little to operate and maintain. Mini hydropower plants are highly effective and valuable renewable energy sources because they have efficiency above 90%. Mini hydro generators may generate around 100 KW of electricity.
Micro hydropower systems are made up of crucial parts, including water pipes or channels for transportation, turbines, pumps, alternators, regulators, and wiring for electricity distribution. Commercially available turbines and generators come as a package and must be put together, making the systems simple to maintain and replace. Consequently, more market opportunities are anticipated due to inexpensive maintenance and simple replacement.
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Segments Covered in Report
- Up to 1 MW
- 1–10 MW
- Micro Hydropower
- Mini Hydropower
- Electromechanical Equipment
- Other Equipment (includes inlet valves gates, penstock, governors, and auxiliaries)
- Electric Infrastructure
- Civil Construction
- Others ( includes engineering, structural, management, environmental mitigation, and project development)
By Region and Country:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
- Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
- Africa (South Africa, Nigeria, Egypt, Rest of Africa)
Key Takeaways from the Small Hydropower Market
- Based on the type, the micro hydropower type segment commanded most of the market, with a revenue share of more than 55.0% in 2021. Micro hydropower projects, which range in size from less than 1 MW, can supply electricity to a small village or rural industry in off-grid locations. The small hydropower market has been divided into micro hydropower and mini hydropower based on type.
- Based on the component, all small hydropower plants’ major portion of project costs is devoted to civil construction. Civil constructions like weirs are built to appropriately direct the water onto turbines and raise the water head. These straightforward public structures are less expensive than those in large hydropower plants, but they account for a sizable portion of the total project cost in small hydropower plants.
- Based on the region, with a market share of 42.3%, the Asia Pacific region is thought to be the largest market worldwide. China, Vietnam, and India are the three economies with the quickest growth rates in the Asia Pacific.
Key companies covered in the market study are Siemens AG, Voith GmbH, Agder Energi AS, Ontario Power Generation Inc., General Electric, Andritz AG, StatKraft, BC Hydro, RusHydro, Fortum
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Report Key Highlights and Coverage
- Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
- Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
- The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
- Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
- Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
- Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
- Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
- Key drivers, restraints, opportunities, and emerging trends impact market growth.
- Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
- Strategic market analysis, recommendations, and future headways on crucial winning strategies.
About ChemView Consulting
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