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Small Hydropower Market Growth Analysis, Demand and Development Research Report to 2030

San Francisco, California , USA, May 24, 2022 — /EPR Network/ —

Small Hydropower Industry Overview

The global small hydropower market size was valued at USD 2.07 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 2.8% from 2022 to 2030.

Strong growth in the use of renewable sources for energy production is likely to propel market growth over the coming years. Growing investments in smart “energy-saving” across various end-uses are expected to provide an impetus to the adoption of small hydropower energy for electricity generation. In addition, an increase in greenhouse gas emissions due to growing power consumption has fueled the United Nations Industrial Development Organization (UNIDO) and Federal Energy Regulatory Commission (FERC) to adopt certain renewable energy measures. Policies by the Federal Energy Regulatory Commission in order to encourage renewable sources of energy, coupled with the need to deliver energy in rural locations, are expected to foster market growth.

Gather more insights about the market drivers, restrains and growth of the Global Small Hydropower Market

Small hydropower in the U.S. accounted for 60%-70% of the overall consumption in the North American hydropower market in 2021. In the U.S., small hydropower installed revenue was 304.51 million by 2021 and is expected to have the potential of 363.21 million by 2030. Thus, such a high increase in potential, is expected to bolster the growth of the market during the forecast period. According to the International Renewable Agency, the cost of setting up hydropower plants to 1 MW varies in the range of USD 3,400/kW to USD 10,000/kW or more, which is significantly higher compared to larger plants due to depending on-site electricity requirements and location. The rising electricity distribution costs, power outages caused by faults in the main grid, and incentive programs introduced by the U.S. government are expected to propel end-users to shift towards setting up mini-hydropower systems up to 1 MW over the forecast period.

Browse through Grand View Research’s Renewable Energy Industry Research Reports.

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Small Hydropower Market Segmentation

Grand View Research has segmented the global small hydropower market based on capacity, component, type, and region:

  • Small Hydropower Capacity Outlook (Revenue, USD Million, 2019 – 2030)
    • Up to 1 MW
    • 1 – 10 MW
  • Small Hydropower Component Outlook (Revenue, USD Million, 2019 – 2030)
    • Software
    • Civil Construction
    • Power Infrastructure
    • Electromechanical Equipment
    • Others
  • Small Hydropower Type Outlook (Revenue, USD Million, 2019 – 2030)
    • Micro Hydropower
    • Mini Hydropower
  • Small Hydropower Type Outlook (Revenue, USD Million, 2019 – 2030)
    • North America
    • Europe
    • Asia Pacific
    • Central & South America
    • Middle East & Africa

Market Share Insights

  • October 22, 2021: Voith Group and Siemens Energy mutually agreed that Voith Group will buy the stake of Siemens in the former Voith Siemens Hydro Power Generation GmbH & Co. KG. This is expected to give Voith Group complete ownership of Voith Hydro and strengthen its core business in the field of renewable energy technologies owing to the growing role of hydroelectric power in the renewable energy market

Key Companies profiled:

Some prominent players in the Small Hydropower market include

  • ANDRITZ
  • Bharat Heavy Electricals Limited
  • FLOVEL Energy Private Limited
  • General Electric
  • Gilkes
  • Natel Energy
  • Siemens Energy
  • SNC Lavalin Group
  • TOSHIBA CORPORATION
  • Voith GmbH & Co. KGaA

Order a free sample PDF of the Small Hydropower Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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