The small hydropower market benefits from the increasing generation of renewable energy, surging energy demands, and increasing attempts by governments to lower carbon emissions. As small hydropower plants offer affordable, simple, and practical solutions, they are increasingly used to improve renewable energy access in rural and isolated areas.
The increasing installations of off-grid hydropower plants that can sustainably provide access to renewable energy are driving small hydropower demand, especially in developing countries. Moreover, technological advancements and innovations are expected to surge small hydropower market revenue in the forecast period. The digitisation of hydropower plants is anticipated to enable predictive maintenance, hence increasing their operational efficiencies, reliability, profitability, and cybersecurity.
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According to the United Nations Industrial Development Organization (UNIDO), in its World Small Hydropower Development Report (WSHPDR), the global installed capacity of small hydropower projects (greater then equal to 10 MW) has demonstrated a steady increase over the years. From 2013 to 2022, the global installed capacity of small hydropower projects (greater then equal to 10 MW) grew by 11.27%, rising from 71 GW to 79 GW. Starting at 71 GW in 2013, the capacity grew to 75 GW in 2016, 78 GW in 2019, and reached 79 GW in 2022. This upward trend highlights the rising adoption of small hydropower solutions, with an expanding role in renewable energy and rural electrification.
Market Breakup by Capacity, Type, Component, and Region:
- Based on capacity, the market is divided into up to 1 MW, and 2- 10 MW, among others.
- The market by type is bifurcated into micro hydropower and mini hydropower.
- Based on component, the market can be divided into electromechanical equipment, electric infrastructure, and civil works
- Region-wise, the market for small hydropower is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Key Findings of the Report:
- The increasing number of micro hydropower projects in isolated and rural areas is significantly supporting the demand, influenced by the growing role of renewable energy in rural electrification and industrial applications.
- Projects with a capacity of 1-10 MW are leading the market due to their scalability, efficiency, and suitability for various geographical locations.
- Advancements in technology are enhancing the performance and reliability of electromechanical equipment, among other components, making them dominant in the market.
- The expansion and upgrade of electrical grids are aiding the transmission and distribution of generated power. This ongoing development is boosting the demand for electric infrastructure within the small hydropower industry.
Key Offerings of the Report:
- The EMR report gives an overview of the global small hydropower market for the periods (2018-2023) and (2024-2032).
- The report also offers historical (2018-2023) and forecast (2024-2032) market information for the capacity, type, component, and major regions of the small hydropower market.
- The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.
The major players in the global small hydropower market are Voith GmbH & Co. KGaA, ANDRITZ AG., Siemens AG, Toshiba Energy Systems & Solutions Corporation ("ESS"), and Canyon Hydro, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
Key Highlights of the Report
| REPORT FEATURES |
DETAILS |
| Base Year |
2023 |
| Historical Period |
2018-2023 |
| Forecast Period |
2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
- Capacity
- Type
- Component
- Region
|
| Breakup by Capacity |
- Up to 1 MW
- 2- 10 MW
- Others
|
| Breakup by Type |
- Micro Hydropower
- Mini Hydropower
|
| Breakup by Component |
- Electromechanical Equipment
- Electric infrastructure
- Civil Works
|
| Breakup by Region |
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
|
| Market Dynamics |
- SWOT Analysis
- Porter's Five Forces Analysis
- Key Indicators for Demand
- Key Indicators for Price
|
| Competitive Landscape |
- Market Structure
- Company Profiles
- Company Overview
- Product Portfolio
- Demographic Reach and Achievements
- Certifications
|
| Companies Covered |
- Voith GmbH & Co. KGaA
- ANDRITZ AG.
- Siemens AG
- Toshiba Energy Systems & Solutions Corporation ("ESS")
- Canyon Hydro
- Others
|
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