Small Hydro Power Market Scope
Small hydro power which is also known as the micro hydro power is refer as the hydroelectric power plants below the installed capacity of 10MW. Hydroelectric power plants produces the electrical energy by driving the turbines and generators, which are totally dependent on the gravitational force of water falling or flowing. Through the use of natural water cycle mainly the evaporation, wind and rain, the water is then brought it back to its original height. It is thus known as the renewable form of energy. Small-scale hydro power are the useful source for electrification of an isolated sites and also provide the extra contribution to national electrical production for peak demand. The market of the small hydro power market is driven due to its characteristic as a renewable source of energy. There are lots of opportunity related to the small hydro power project as the government are taking lot of initiatives in various region to develop the hydro power project and to supply the electricity in every region.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Largest Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Voith GmbH & Co. KGaA (Germany), Ontario Power Generation Inc. (Canada), General Electric (United States), Agder Energi (Norway), Siemens (Germany), Andritz Hydro GmbH (Austria), Statkraft (Norway), K.C. Larson, Inc. (United States), Schneider Electric (France) and CKD Blansko (Czech Republic) |
CAGR | % |
Research Analyst at AMA estimates that United States and German Manufacturers will contribute to the maximum growth of Global Small Hydro Power market throughout the predicted period.
Voith GmbH & Co. KGaA (Germany), Ontario Power Generation Inc. (Canada), General Electric (United States), Agder Energi (Norway), Siemens (Germany), Andritz Hydro GmbH (Austria), Statkraft (Norway), K.C. Larson, Inc. (United States), Schneider Electric (France) and CKD Blansko (Czech Republic) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Canyon Industries, Inc. (United States) and Fortum (Finland).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Small Hydro Power market by Type , by Application (Farm, Ranch, Village and Others) and Region with country level break-up. On the basis of Type, Mini hydro (100 kW – 1 MW) are dominating the market in the year 2022 where as Small hydro (1 MW – 10 MW) stood as second largest market share.
On the basis of application, Village segment is dominating the market in the year 2022 where as Farm segment stood as second largest market.
On the basis of geography, the market of Small Hydro Power has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2022. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
On, 27 Feb 2019, the Voith GmbH & Co. KGaA company introduces new kind of turbine governor proves effective in small hydropower plant in Scotland
Influencing Trend:
Cost Effective Energy Solution
Market Growth Drivers:
Rising R&D Investment in Small Hydro Power and Rising Government Support for Hydro Power
Challenges:
Climate Effects & Logistics Cost
Restraints:
Stream Expansion Limitation
Opportunities:
Increasing Global Electricity Consumption
Key Target Audience
Small Hydro Power Service Provider, Suppliers of Small Hydro Power Parts, Wholesalers, Distributers and Retailers of Small Hydro Power Parts, Governmental Bodies and Research Firms