Press release
Small Hydropower Market expects gains at over 2.5% CAGR a Comprehensive Analysis Research Report
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In 2003, Voith Siemens won a $45 million engineering & procurement deal to deploy three small-scale hydropower units with overall deployment capacity of 60MW for Mexican firm comex hidro. These power plants were developed on the reservoirs to control floods and provide irrigation in Mexico.
Statkraft penetrated Indian hydropower industry in 2004 and was a first overseas firm to make investment in hydropower sector in India. It is involved in two big hydropower projects in India amounting to total 300 MW. The firm is further exploring new investment avenues within hydropower sector by partnering with Tata Power which is India’s biggest integrated power firm. Together the two firms have a license for new plant “Dugar” amounting to greater than 400MW in Indian state of Himachal Pradesh.
Global small hydropower market is segmented into key geographical regions including North America, APAC, Europe, Latin America and MEA.
Key industry players profiled in the report include:
RusHydro
ALSTOM
Lanco Group
Andritz Hydro
Agder Energi AS
SIEMENS AG
BC Hydro
StatKraft
Siemens
Ontario Power Generation Incorporation
Fortum Oyj
ANDRITZ HYDRO GmbH
Voith GmbH
GE
24H – Hydro Power Limited
Derwent Hydroelectric Power Limited
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APAC led the global industry with higher than 80GW deployed capacity for 2014 with Japan, India and China being key contributors for small hydropower installation. Rising demand for off grid power supply, high hydropower capacity and tax benefits were few of the drivers for sall hydropower installations in the region.
Europe was the second biggest small hydropower market in 2014. Italy led the regional industry with total installation of more than 3.1GW owing to its structured policies and high investments for industry growth.
North America small hydropower market is predicted to register CAGR of more than 2.5% during the forecast period. The region was third largest in terms of industry share in 2014. Canada and USA were dominant nations with many key small hydropower installations.
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MEA small hydropower market is predicted to experience substantial expansion in future owing to rise in demand for electricity and renewable energy across nations like Egypt, Kenya and Nigeria in the region.
Key insights from the report include:
• Global small hydropower market size is forecast to reach 146.33 GW by 2024, growing at 2.7% CAGR up to 2024.
• APAC, predominant by China, Japan, & India led the regional industry with total installations around 83.65 GW in 2015.
• North America, dominated by the U.S. small hydropower market size, forecasts installations of more than 14 GW by 2024.
• Europe led by Italy is estimated to gain at 2.3% CAGR up to 2024. Rising trend to refurbish or renew existing hydro plants may positively drive regional demand.
• Brazil dominated the South & Central America SHP demand and is set to reach 6.73 GW installations by 2024. Growing manufacturing industries accompanied by huge hydro potential site owing to Amazon river should fuel regional industry growth.
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