What Is The Current and Historic Market Size Analysis Of The Small Hydropower Market?
The small hydropower market has seen considerable growth due to a variety of factors.
• In the past years, the size of the small hydropower market has experienced steady expansion. It is projected to rise from a value of $3.04 billion in 2024 to $3.14 billion in 2025, signifying a compound annual growth rate (CAGR) of 3.2%.
The market's growth during the historical period is primarily a result of a wide availability of water resources, electrification efforts in rural areas, environmental concerns, its adaptable nature, cost-effective investments, and financial incentives.
What Are The Predictions for The Small Hydropower Market in the Coming Years?
The small hydropower market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for small hydropower is anticipated to experience consistent growth over the coming years. It is projected to reach $3.47 billion by 2029, growing at a compound annual growth rate (CAGR) of 2.5%.
The predicted growth in the forecast period is due to the rising demand for clean energy, increasing levels of greenhouse gas emissions, enhancement in energy production, the increasing construction of small hydropower plants, and rising industrialization. Key trends during the forecast period include the integration of IoT within hydroelectric power, the adoption of digital technologies, advancements in technology, and geographical growth.
Which Drivers Are Accelerating Growth In The Small Hydropower Market?
The growth of the small hydropower market is likely to be driven by the escalating demand for clean energy. Clean energy encompasses energy sources and innovations that result in minimal or zero detrimental environmental consequences, especially in terms of greenhouse gas emissions and air pollution. Small hydropower systems contribute to environmental health by producing electricity without releasing greenhouse gases or pollutants into the air, thus reducing the carbon footprint. According to the International Energy Agency, a France-based intergovernmental group, global renewable capacity is predicted to rise by 8% from 295 gigawatts in 2021 to 320 gigawatts in May 2022. Hence, the surging consumption of clean energy is fueling the expansion of the small hydropower market.
What Are The Core Segments Of The Global Small Hydropower Market?
The small hydropower market covered in this report is segmented –
1) By Type: Micro Hydropower, Mini Hydropower
2) By Capacity: Up To 1 MW, 1–10 MW
3)By Application: Civil Construction, Power Infrastructure, Other Applications
4) By End-User: Commercial, Utility-Scale
Subsegments:
1) By Micro Hydropower: Up To 100 Kw Capacity, Off-Grid Systems
2) By Mini Hydropower: 101 Kw To 1 MW Capacity, Grid-Connected Systems
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What New Trends Are Influencing The Small Hydropower Market?
Leading firms in the small hydropower market are focusing their efforts on the creation of innovative solutions, such as mini hydropower systems, to secure and enhance their market presence. Mini hydropower systems are small-scale installations that use the kinetic energy of flowing water to generate electricity, with a typical capacity range from 100 kW to 1 MW. For example, in March 2022, Ricoh Company Ltd., a Japanese company that specializes in imaging, and electronic systems, introduced a 3D-Pico Hydro Generation System. This system, constructed with 3D-printed sustainable materials, is capable of synergy with solar panels and batteries for consistent power generation. The 3D-printed components of this pico-hydro system utilize recycled plastics, contributing to the overall sustainability and eco-friendliness of the system. The system is designed for integration with solar panels and batteries, allowing for the creation of a hybrid power system.
Who Are the Key Players In The Small Hydropower Market?
Major companies operating in the small hydropower market report are:
• General Electric
• Siemens Energy
• Toshiba Corporation
• ANDRITZ
• SNC Lavalin Group
• Voith GmbH & Co. KGaA
• Mavel
• a.s.
• Flowserve Corporation
• BHEL
• Kolektor Turboinstitut
• FLOVEL Energy Private Limited
• Mannvit Engineering
• VAPTECH
• Canyon Hydro
• Ganz EEM
• ATB Riva Calzoni
• Natel EnergyInc.
• Canadian Hydro Components
• Hitachi Mitsubishi Hydro
• B Fouress
• HydroCoil Power
• Hydro Green Energy
• Rentec Renewable Energy Technologies
• Gilkes Hydro
What Are The Regional Insights Into The Small Hydropower Market?
Asia Pacificwas the largest region in the small hydropower market in 2024. Asia Pacificis expected to be the fastest-growing region in the forecast period. The regions covered in the small hydropower market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
