Small Hydropower Market

The Small Hydropower Market is expected to grow at a higher rate over the forecast period. Small hydropower is a clean and predictable source of energy used to produce electricity be converting mechanical energy into electric energy.

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Small Hydropower Market Dynamics

Small hydropower plants are developed through existing dams or a running river, which helps decrease nearly 45% cost of civil construction and results in the low capital cost of the project. Also, the hydropower plants have less operational cost because of their reduced needs for labor management and site maintenance. Hence, the low capital and maintenance cost concerned with the installation of a small hydropower plant stands to be the prime force complementing the growth of the small hydropower market. Besides this, as per the Small Hydropower Market forecasts, the growing emphasis on rural automation across developing and underdeveloped nations, decreasing reliance on traditional resources, and the need for low maintenance and capital investment have stimulated market growth. Renewable power production help nations in meeting long-term development goals by offering access to reliable, clean, secure, and affordable energy. However, the high cost associated with the functioning of small hydropower plants when compared with New Solar Photovoltaic (PV) and Onshore Wind Power will restrain the Small Hydropower Market size.

The Asia-Pacific region is projected to hold a larger share during the forecast period. The intensified investments in rural automation and off-grid energy production in countries like China, India, and Vietnam will drive market growth. Moreover, the growing need to supply the electricity in distant areas and the rising environmental concerns will accelerate the Small Hydropower Market share.

Market Segmentation

Small Hydropower Market by Capacity

• Up to 1 MW
• 1–10 MW

Small Hydropower Market by Type

• Micro Hydropower
• Mini Hydropower

Small Hydropower Market by Component

• Electromechanical Equipment
• Turbine
• Generator
• Other Equipment (includes inlet valves gates, penstock, governors, and auxiliaries)
• Electric Infrastructure
• Civil Works
• Others (includes engineering, structural, management, environmental mitigation, and project development)

Small Hydropower Market by Region:

• Asia Pacific
  • China
  • Japan
  • India
  • Rest of APAC
• North America
  • United States of America
  • Canada
• Europe
  • United Kingdom
  • Germany
  • France
  • Spain
  • Rest of Europe
• RoW
  • Brazil
  • South Africa
  • Saudi Arabia
  • UAE

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