Press Release

Small Hydropower Market to Grow with a CAGR of 4.19% through 2028

Increasing demand for renewable energy and growing need for rural electrification are likely to drive the market in the forecast period.

 

According to TechSci Research report, “Small Hydropower Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Small Hydropower Market stood at USD 3.10 billion in 2022 and is anticipated to grow with a CAGR of 4.19% in the forecast period. One of the primary drivers propelling the global Small Hydropower market is the imperative of environmental sustainability. Small hydropower, often hailed as a green energy source, aligns with the growing global emphasis on reducing the carbon footprint and mitigating climate change. In contrast to fossil fuels, small hydropower systems generate electricity with minimal greenhouse gas emissions, contributing significantly to a cleaner and more sustainable energy mix. A key factor behind its sustainability is the minimal environmental impact of small hydropower projects compared to larger hydroelectric dams. Small hydropower plants typically involve lower water storage and impoundment, reducing the alteration of natural river flows and ecosystems. This results in less disruption to local habitats and aquatic life. Additionally, small hydropower can operate continuously without relying on fossil fuels, reducing air pollution and dependency on non-renewable energy sources. Governments, organizations, and individuals worldwide are increasingly recognizing the importance of transitioning to sustainable energy options. As a result, the environmental sustainability of small hydropower positions it as a vital driver in the global shift toward cleaner, more eco-friendly energy production.

Energy security and the desire for a decentralized energy grid are significant drivers fostering the growth of the global Small Hydropower market. These drivers stem from the need to ensure a stable and reliable energy supply while reducing dependence on centralized, often fossil-fuel-dominated power generation. Small hydropower systems play a pivotal role in enhancing energy security by providing consistent and dependable electricity generation. They are resilient to disruptions and can serve as a stable source of power, mitigating the risks associated with volatile fossil fuel prices and supply chain disruptions. This stability is particularly crucial in regions where energy infrastructure is vulnerable to natural disasters or geopolitical instability. Moreover, small hydropower facilitates the decentralization of energy production. By enabling local communities and businesses to generate their own electricity, it reduces reliance on large, centralized power plants and long-distance transmission lines. This not only enhances energy security but also contributes to grid resilience, reduces transmission losses, and supports the growth of distributed energy generation.  As the quest for energy security and decentralization gains momentum, small hydropower projects are positioned as a key driver in the global transition toward a more resilient, diversified, and sustainable energy landscape. 

 

                                                                                             

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Global Small Hydropower Market.”

 

 

The Global Small Hydropower Market is segmented into type, application, capacity, component and region. Based on type, The Run-Of-River segment had the largest market share in 2022 & expected to maintain it in the forecast period. RoR hydropower projects have a smaller environmental footprint compared to Pumped Storage Hydropower projects. They typically do not involve the construction of large dams or significant water storage, which can have more extensive ecological impacts. As the world becomes increasingly environmentally conscious, RoR projects are seen as a more ecologically friendly option, making them more socially acceptable and easier to permit. The reduced environmental disruption and lower risk of social and cultural displacement associated with RoR projects make them more attractive to both project developers and regulatory authorities. Pumped Storage Hydropower projects often face more significant challenges related to land acquisition, resettlement of communities, and potential ecological harm, which can lead to delays and opposition. RoR projects typically have lower upfront capital costs compared to Pumped Storage Hydropower. This makes them more financially feasible and attractive to investors, particularly in regions with limited financial resources or where project financing is a significant concern. RoR projects often have shorter development timelines because they require less complex infrastructure and permitting. This means that electricity generation can commence relatively quickly, helping meet energy demands sooner.

Based on application, The Commercial segment had the largest market share in 2022 and is projected to experience rapid growth during the forecast period. Small hydropower projects are often more economically viable for commercial entities compared to larger hydropower projects. They typically require lower upfront capital investment and have shorter payback periods, making them attractive from a financial perspective. Many countries offer incentives and subsidies to promote the development of renewable energy sources, including small hydropower. Commercial entities can take advantage of these government programs to reduce the cost of project development and improve profitability. Advances in small hydropower technology have made it easier and more efficient to harness energy from small rivers and streams. Improved equipment and design options have lowered operational costs and increased energy production, making small hydropower more appealing to commercial developers. Small hydropower projects have a smaller environmental footprint compared to larger dams and hydropower installations. They are often considered more environmentally friendly, which can be a selling point for commercial entities looking to align with sustainability goals and meet regulatory requirements. The global demand for clean, renewable energy sources has been steadily increasing due to concerns about climate change and the depletion of fossil fuels. Commercial entities see small hydropower as a valuable source of reliable and sustainable energy to meet this growing demand. Small hydropower projects can be easily scaled up or down to match the energy needs of specific communities or industries. This scalability allows commercial developers to tailor their projects to suit different market segments and geographical locations.

 

Major companies operating in the Global Small Hydropower Market are:

  • Andritz Group
  • GE Renewable Energy
  • Voith GmbH & Co.
  • ALSTOM Holdings
  • Toshiba Energy Systems & Solutions Corporation
  • Harbin Electric International Co., Ltd.
  • Gilbert Gilkes & Gordon Ltd
  • Turboden S.r.l.
  • HydroChina Corporation
  • PowerChina Corporation

 

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“The Global Small Hydropower market is expected to rise in the upcoming years and register a significant CAGR during the forecast period. The primary drivers of the global Small Hydropower market in the business landscape are robust economic viability, spurred by lower upfront costs and quicker returns on investment; favorable regulatory incentives and subsidies, enhancing project profitability; advancing technology, increasing operational efficiency and reducing costs; its environmentally friendly reputation, aligning with sustainability goals and meeting regulatory requirements; growing demand for clean energy due to climate concerns; scalability to cater to diverse energy needs; reliability, providing stable energy output; easy grid integration for efficient energy distribution; attractive investment opportunities; and the contribution to enhanced energy security, making it a compelling choice for commercial entities and investors alike. Therefore, the market of Small Hydropower is expected to boost in the upcoming years.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

Small Hydropower Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028  Segmented By Type (Run-Of-River, Pumped Storage Hydropower), By Application (Residential, Commercial), By Capacity (Micro Hydropower (Up to 100 kW), Mini Hydropower (101 kW to 1 MW)), By Component (Electric Infrastructure, Electromechanical Equipment, Civil Works, Others), By Region, By Competition”, has evaluated the future growth potential of Global Small Hydropower Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers make sound investment decisions., The report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Global Small Hydropower Market.


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