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Global Small Hydropower Market Share, Size, Growth, Trends, Forecast: By Capacity: Up to 1 MW, 2- 10 MW, Others; By Type: Micro Hydropower, Mini Hydropower; By Component: Electromechanical Equipment, Electric infrastructure, Civil Works; Regional Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
Global Small Hydropower Market
The global small hydropower market size reached a value of USD 2.11 billion in 2023. During the forecast period of 2024 and 2032, the market is expected to grow at a CAGR of 2.70% to attain a value of around USD 2.48 billion by 2032.
Key Trends in the Market
Small hydropower (SHP) is a term used to describe the method of producing electricity by harnessing the kinetic energy of flowing water. In streams, small rivers, or in an existing water supply system such as a drinking water or sewerage network, small hydropower plants are installed. River water flow is used to generate hydropower, which can be used for low- to medium-voltage electrical needs, including lighting and telecommunication. SHP plants have little to no influence on the environment, wildlife, and marine life, when compared to large-scale hydropower systems.
- In the upcoming years, a significant increase in the production of energy from renewable sources is anticipated to accelerate the small hydropower market expansion. The expanding financial incentives and assistance in the form of subsidies, low-interest loans, renewable purchase obligations, and feed-in tariffs for small hydropower is aiding the market growth.
- Several technology developments, such as the integration of Internet of Things (IoT) with SHP components, are providing significant impetus to the market development. Despite drastic weather variations, these technologies enable automation and make it possible to produce limited amounts of electricity.
- Additionally, governments from various developing and underdeveloped countries are initiating more and more programmes to improve rural electrification, which is boosting the small hydropower market growth.
- In order to efficiently supply electricity in remote locations, governments in the BRIC countries are focusing on increasing industrialisation. The need for small hydropower generators is projected to rise as a result of the absence of grids in such locations. This will have an additional effect on market demand for small hydropower. Small hydropower facilities are also best suited in regions with weak grid access.
Global Small Hydropower Market Analysis
Based on capacity, the market is segmented into up to 1 MW and 2- 10 MW, among others. The market on the basis of type can be divided into micro hydropower and mini hydropower. On the basis of component, the market can be segmented into electromechanical equipment, electric infrastructure, and civil works. The regional markets for small hydropower can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following major small hydropower companies, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Voith GmbH & Co. KGaA
- ANDRITZ AG.
- Siemens AG
- Toshiba Energy Systems & Solutions Corporation ("ESS")
- Canyon Hydro
- Others
Market Share by Component
Over the course of the forecast period, the market share of the electromechanical equipment segment in the small hydropower market is anticipated to increase significantly. There is a garbage rack cleaning machine in small hydropower plants that removes debris from water to prevent it from entering plant waterways and harming electromechanical equipment or lowering hydraulic performance. The costs of electromechanical equipment used in small hydropower varies from nation to nation depending on the regulations affecting the investment costs, which vary not only from nation to nation but also from region to region.
Additionally, depending on runner diameter and plant capacity for various types of turbines and generators, the cost of various electro-mechanical equipment components has been calculated at current rates.
Market Share by Region
During the forecast period, Asia Pacific is anticipated to dominate the global small hydropower market. The market in this region is led by China, Japan, and India. The rapid construction of small hydropower plants in the region is encouraged by the decline in the cost of renewable energy and the infrastructure, which is leading to increased use of mini and micro small hydro facilities in Asia Pacific. The market growth is being further accelerated by the increasing investments in off-grid energy generation and rural electrification in the region.
Europe is anticipated to account for the second-largest revenue share. During the historical period, Russia had the highest market share in Europe. Over the forecast period, factors such as growing concerns about greenhouse gas (GHG) emissions and rising generation costs from non-renewable resources are anticipated to boost the adoption of small hydropower. The growing population and the rising demand for effective and sustainable energy are anticipated to increase the small hydropower market share. One of the primary reasons influencing the expansion of the regional market is the availability of funding in the European Union for initiatives including energy efficiency and conservation.
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Competitive Landscape
Voith GmbH & Co. KGaA, headquartered in Germany, operates as a mechanical engineering company. The 1867-founded business provides robotic solutions, hydraulic, pneumatic, cooling, and hydropower components, brake systems, motors, and transmission. In the markets for raw materials, energy, transportation and automotive, paper, Voith establishes standards with its extensive spectrum of systems, products, services, and digital applications.
ANDRITZ AG., with its headquarters in Austria, is a supplier of facilities, machinery, and services to the metalworking, hydropower, pulp and paper, steel industries, and municipal and industrial segments for solid or liquid separation, animal feed, and biomass pelleting.
Siemens AG, headquartered in Germany, is a technology firm with a focus on digital transformation, transportation, infrastructure, generation and transmission of electrical power. It is a leader in power generation and distribution, intelligent infrastructure, and distributed energy systems and focuses on automation, digitalisation, and electrification for the process and manufacturing industries.
Other market players include Toshiba Energy Systems & Solutions Corporation ("ESS") and Canyon Hydro, among others.
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:
|
| Breakup by Capacity |
|
| Breakup by Type |
|
| Breakup by Component |
|
| Breakup by Region |
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| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Small Hydropower Market Analysis
8.1 Key Industry Highlights
8.2 Global Small Hydropower Historical Market (2018-2023)
8.3 Global Small Hydropower Market Forecast (2024-2032)
8.4 Global Small Hydropower Market by Capacity
8.4.1 Up to 1 MW
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 2- 10 MW
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Others
8.5 Global Small Hydropower Market by Type
8.5.1 Micro Hydropower
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Mini Hydropower
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.6 Global Small Hydropower Market by Component
8.6.1 Electromechanical Equipment
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Electric infrastructure
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 Civil Works
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
8.7 Global Small Hydropower Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2023)
8.7.1.3 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2023)
8.7.2.3 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2023)
8.7.3.3 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2023)
8.7.4.3 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2023)
8.7.5.3 Forecast Trend (2024-2032)
9 North America Small Hydropower Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2023)
9.1.3 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2023)
9.2.3 Forecast Trend (2024-2032)
10 Europe Small Hydropower Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2023)
10.1.3 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2023)
10.2.3 Forecast Trend (2024-2032)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2023)
10.3.3 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2023)
10.4.3 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Small Hydropower Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2023)
11.1.3 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2023)
11.2.3 Forecast Trend (2024-2032)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2023)
11.3.3 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2023)
11.4.3 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2023)
11.5.3 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Small Hydropower Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2023)
12.1.3 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2023)
12.2.3 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2023)
12.3.3 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Small Hydropower Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2023)
13.1.3 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2023)
13.2.3 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2023)
13.3.3 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2023)
13.4.3 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Voith GmbH & Co. KGaA
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 ANDRITZ AG.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Siemens AG
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Toshiba Energy Systems & Solutions Corporation ("ESS")
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Canyon Hydro
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Small Hydropower Market: Key Industry Highlights, 2018 and 2032
2. Global Small Hydropower Historical Market: Breakup by Capacity (USD Billion), 2018-2023
3. Global Small Hydropower Market Forecast: Breakup by Capacity (USD Billion), 2024-2032
4. Global Small Hydropower Historical Market: Breakup by Type (USD Billion), 2018-2023
5. Global Small Hydropower Market Forecast: Breakup by Type (USD Billion), 2024-2032
6. Global Small Hydropower Historical Market: Breakup by Component (USD Billion), 2018-2023
7. Global Small Hydropower Market Forecast: Breakup by Component (USD Billion), 2024-2032
8. Global Small Hydropower Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Small Hydropower Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Small Hydropower Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Small Hydropower Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Small Hydropower Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Small Hydropower Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Small Hydropower Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Small Hydropower Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Small Hydropower Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Small Hydropower Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Small Hydropower Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Small Hydropower Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Small Hydropower Market Structure
Key Questions Answered in the Report
The global small hydropower market attained a value of nearly USD 2.11 billion in 2023.
The market for small hydropower is projected to grow at a CAGR of 2.70% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 2.48 billion by 2032.
The major drivers of the market include the expanding financial incentives, various governments initiatives, increasing investments in off-grid energy generation, and growing concerns about greenhouse gas (GHG) emissions.
An increase in the production of energy from renewable sources and integration of Internet of Things (IoT) with SHP components are the key industry trends propelling the growth of the market.
The major players in the industry are Voith GmbH & Co. KGaA, ANDRITZ AG., Siemens AG, Toshiba Energy Systems & Solutions Corporation ("ESS"), and Canyon Hydro, among others.
The microhydro turbine transforms the mechanical energy of flowing water into electrical energy by turning a generator and a shaft. Turbines exist in a variety of shapes and sizes, and they are matched based on requirements, energy goals, stream characteristics, and budget.
Small hydropower systems can offer clean, sustainable, and relatively inexpensive energy. They can be built anywhere there is sufficient water flow and head to support electricity generation, even in remote or undeveloped areas.
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