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Small Hydropower Market Worth $3.49 Billion By 2027 Due To Cost Advantages For Installing Small Hydropower, Replacement Of Fossil Fuel-Based Electricity & Reduce Carbon Emission | Grand View Research

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Small Hydropower Market Worth $3.49 Billion By 2027 Due To Cost Advantages For Installing Small Hydropower, Replacement Of Fossil Fuel-Based Electricity & Reduce Carbon Emission | Grand View Research

March 01
07:36 2021
Small Hydropower Market Worth $3.49 Billion By 2027 Due To Cost Advantages For Installing Small Hydropower, Replacement Of Fossil Fuel-Based Electricity & Reduce Carbon Emission | Grand View Research

“Grand View Research, Inc. – Market Research And Consulting.”
According to a report published by Grand View Research, factors such as capital investment, rural electrification, and policy measures for small hydropower projects in order to replace the conventional fossil-fuel-based electricity production to reduce the effect on climate are expected to drive the market growth.

According to a report, “Small Hydropower Market Size, Share & Trends Analysis Report By Capacity (Up To 1 MW, 1 – 10 MW), By Type (Micro Hydropower, Mini Hydropower), By Application, By Region, And Segment Forecasts, 2020 – 2027” published by Grand View Research, Inc., the global small hydropower market size is expected to reach USD 3.49 billion by 2027, expanding at a CAGR of 2.0% from 2020 to 2027. Cost advantages for installing small hydropower-based power generation and the replacement of fossil fuel-based electricity production in an effort to reduce carbon emission into the atmosphere are expected to drive the market.

A supportive regulatory framework for supportable energy in the European Union and the United States is also likely to have a positive influence on market growth. Execution of favorable government regulations such as the Small Conduit Hydropower Development and Rural Jobs Act and Hydropower Regulatory Efficiency Act in the United States and an increasing number of funding programs related to the renewable energy sector in various developed countries, such as Canada and Italy, are some of the factors projected to present future growth prospects.

Increasing investments in small hydropower projects to surge the rural electrification in emerging countries are likely to drive the market. Besides, the assistance in the form of fewer interest loans and allowances, renewable purchase obligations, feed-in tariffs, and financial incentives would further assist the growth of this market. An unstable source as the energy generation that depends upon seasonal lows and highs can curb the growth of the market.

China, India, and Australia are the fastest growing countries contributing mainly to the Asia Pacific market growth. The small hydropower market in Australia is set to expand at a CAGR of 1.9% from 2020 to 2027. The Asia Pacific market is projected to rise during the estimated period owing to the investments in off-grid energy generation and rural electrification. Moreover, the availability of probable sites, along with the presence of a skilled workforce, is expected to favor countries, such as India and China, in market growth.

 

Small Hydropower Market Report Highlights

On the basis of capacity, the up to 1 MW segment dominated the market with a share of around 57.6% in 2019. The demand for these small hydropower projects is driven by growing investments in rural electrification in these growing economies. On the other hand, the 1 – 10 MW segment is expected to expand at the fastest CAGR of 2.7% during the forecast period owing to the installation of small hydropower in various countries across the world.

On the basis of application, the civil construction segment dominated with a share of 32.2% in 2019. The segment is responsible for the majority of the cost involved during the construction of small hydropower projects.

The power infrastructure application segment is projected to register the fastest CAGR during the forecast period. Small hydropower projects are rapidly in need of modernization to improve energy production and extend the lifespan of infrastructure to handle the rising demand for electricity.

On the basis of type, micro-hydropower segment dominated the market with a share of 57.6% in 2019 and is expected to maintain its lead in the future. On the other hand, the mini-hydropower segment is supposed to register the fastest CAGR of 2.6% from 2020 to 2027.

The Asia Pacific accounted for the largest revenue share of more than 33.0% share in 2019. China, India, and Australia are the world’s fastest-growing economies, contributing primarily to the Asia Pacific market growth.

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Small Hydropower Market Segmentation

Grand View Research has segmented the global small hydropower market on the basis of capacity, type, application, and region:

Small Hydropower Capacity Outlook (Revenue, USD Million, 2016 – 2027)

  1. Up to 1 MW
  2. 1 to 10 MW

Small Hydropower Type Outlook (Revenue, USD Million, 2016 – 2027)

  1. Mini Hydropower
  2. Micro Hydropower

Small Hydropower Application Outlook (Revenue, USD Million, 2016 – 2027)

  1. Electromechanical equipment
  2. Power Infrastructure
  3. Civil Construction
  4. Others

Small Hydropower Regional Outlook (Revenue, USD Million, 2016 – 2027)

  1. North America
    1. The U.S.
    2. Canada
    3. Mexico
    4. Europe
      1. Germany
      2. The U.K.
      3. France
      4. Russia
      5. Spain
      6. Italy
      7. Asia Pacific
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Australia
        6. Central and South America
          1. Brazil
          2. Colombia
          3. Paraguay
        7. MEA
          1. Saudi Arabia
          2. UAE
          3. South Africa
          4. Egypt

List of Key Players of Small Hydropower Market

 

 

  1. Voith GmbH & Co. KGaA
  2. ANDRITZ
  3. GENERAL ELECTRIC
  4. TOSHIBA CORPORATION
  5. Siemens Gas and Power GmbH & Co. KG
  6. BHEL
  7. Gilkes Hydro
  8. Natel Energy, Inc.
  9. FLOVEL Energy Private Limited
  10. SNC-Lavalin Group
  11. HNAC Capacity Co., Ltd.
  12. MavelAS
    1. Kolektor
    2. Canyon Industries, Inc.

Have Any Query? Ask Our Experts for More Details on Report: https://www.grandviewresearch.com/inquiry/450663/ibb Browse Related Report @ Hydropower Markethttps://www.grandviewresearch.com/industry-analysis/hydropower-industry Explore the BI enabled intuitive market research database, Navigate with Grand View Compass, by Grand View Research, Inc. About Grand View Research Grand View Research is a market research and consulting company based in the State of California with headquarters in San Francisco. The company offers consulting services tailored for business organizations to assist them with understanding and exploring their potential on a large scale. At the same time, Grand View Research caters to the individual research needs to provide a customized research service. Grand View Research is fully committed to offer the best research services in the Industry. Our dedicated team of experienced analysts offer full capability and potential to precisely understand your research needs.

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