Press release
Global small hydropower market share is competitive and mainly influenced by government regulations & energy targets. Key industry participants include Voith, Andritz Hydro and GE, Siemens
Small Hydropower Market
Asia Pacific dominates the electricity consumption and accounted for over 40% of the total electricity demand in 2015. Abundant availability of hydro potential with advanced innovative technology including turbine, pumps and others for generating electricity will favor India and China industry landscape. Vietnam’s small hydropower market is projected to witness a gain of 6.5% CAGR till 2024. Dense rivers with more than 2000 tributaries and streams form 9 km water way which acts as a natural asset in favoring the construction of SHP plants.
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U.S. small hydropower market was 6.98 GW in 2015. Stringent regulatory standards by Federal Energy Regulatory Commission (FERC) inspired renewable energy production and to supply electricity to off-grid connectivity areas will positively encourage the industry growth.
Rising Brazil, Russia, India, China and South Africa (BRICS) economy with government support for electricity supply in remote location will stimulate the small hydropower market. Unreachable locations with no grid accessibility will open opportunities to build small hydropower plants including generating and exporting electricity to the neighboring countries. France is projected to exceed 3% by 2024. Asian Development Bank and David & Lucile Packard Foundation are promoting and investing USD 15 million for clean energy and USD 41 million in off-grid infrastructure
Nigeria small hydropower Market is estimated to grow over 5% by 2024. Availability of untapped hydro recourses potential including low levilized cost will further complement the industry growth. However, line instability, load shedding, high lighting intensity, incompetent equipment may hamper industry landscape.
Minimum environmental impacts coupled with low reconstruction cost will drive small hydropower market share. World Bank announced in 2015, is investing USD 73 million to undergo refurbishment of Inga 2 (1,400 MW) stations and Inga 1 (350 MW) projects situated near Congo River by 2017.
Growing focus towards clean energy with reducing dependency on fossil fuel will stimulate the small hydropower market share. In 2015, Eurostat analyzed renewable electricity energy generation was accounted over 29% of the total electricity generation across the world.
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Small hydropower market participants include Voith, General Electric, Andritz Hydro, Agder Energi AS, Siemens, Lanco Group, 24H - Hydro Power, StatKraft, Derwent Hydroelectric Power, RusHydro, Fortum Oyj.
Report Content
Chapter 1 Methodology and Scope
1.1. Research Methodology
1.1.1. Initial data exploration
1.1.2. Statistical modeling and forecast
1.1.3. Industry insights and validation
1.2. Data Sources
Chapter 2 Executive Summary
2.1. Small hydropower industry 360o synopsis, 2014 - 2024
2.1.1. Business trends
2.1.2. Regional trends
Chapter 3 Small Hydropower Industry Insights
3.1. Industry segmentation
3.2. Industry Size and forecast, 2014 - 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
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