1–10 MW Capacity Segment to Witness Significant Growth in India Small Hydropower Market During Forecast Period
Increasing investments in
hydropower projects in response to climate change to drive the growth of India
small hydropower market
According to
TechSci Research report, “India Small Hydropower Market By Type, By Components,
By Capacity, By Region, Competition, Forecast & Opportunities, 2025” the India small hydropower market is expected to grow at a
steady rate through 2025 owing to the increasing electricity consumption and rising
demand for off grid power supply in the country. Additionally, the financial
incentives and assistance in the form of low-interest loans, grants, renewable
purchase obligations and feeding tariffs are further propelling the market in
the region. However, unstable supply as the energy generated depends on
seasonal highs and lows can hamper the growth of market during forecast period.
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The India
small hydropower market is segmented based on type, component, capacity,
company and regional distribution. Based on component, the market can be
fragmented into electromechanical equipment, electric infrastructure and civil
works. The civil works segment is expected to dominate the market during the
next five years. This can be ascribed to the fact that in order to guide the
water on to turbines and to increase the water head, civil structures such as
weirs are constructed. These simple public structures are cheaper than those in
large hydropower plants, but they constitute a large share of the total project
cost in small hydropower plants. Based on capacity, the market can be
bifurcated into Up to 1 MW and 1–10 MW. The 1-10 MW capacity segment is
expected to register significant growth during forecast period owing to the small-scale
decentralized projects being deployed in the country for rural electrification.
Bharat Heavy
Electricals Limited, FLOVEL Energy Private Limited, B Fouress Ltd, Toshiba
India Private Limited, Siemens India, ANDRITZ Hydro Pvt. Ltd., HNAC Technology
Co Ltd, Hitachi Mitsubishi Hydro Corporation, Him Urja Private Limited,
Vindhyachal Hydro Power Pvt. Ltd. and others are some of the
leading players operating in India small hydropower market. The companies operating
in the market are using organic strategies such as product launches, mergers
and collaborations to boost their share.
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“India small
hydropower market is projected to witness significant growth during the
forecast period owing to the increasing investments in rural electrification
and off-grid energy generation. Additionally, favorable government policies and
government subsidies, tax benefits & incentives are further propelling the
market in the country.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“India Small Hydropower Market By Type, By
Components, By Capacity, By Region, Competition, Forecast & Opportunities,
2025” has evaluated the future growth
potential of India 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 take sound
investment decisions. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges and opportunities in India
small hydropower market.
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