Press release
Small Hydropower Market Global Industry Trends, Supply Demand Scenario and Growth Prospects Survey till 2026
Small Hydropower Market
Browse Complete Report Details - https://www.fortunebusinessinsights.com/industry-reports/small-hydropower-market-100214
Top Key Players Mentioned:
Duke Energy Corporation
Toshiba
Hydro Quebec
Statkraft
Eletrobras
BC Hydros
Agder Energi AS
RusHydro
China Yangtze Power Co.
Renewable First Ltd.
European Small Hydropower Association
Energy Eastern Europe Power GmBH
Clean Innovation
Him Urja Private Limited
Vidyachal Hydro Power Pvt. Ltd.
Mahaurja
“Small Hydropower Generation is Gaining Traction in Europe”
The small hydropower market in Europe is anticipated to grow faster than other regions by 2025. This is mainly attributable to increasing hydropower promotions by the European Small Hydropower Association or ESHA. Countries in this region are focusing on sustainable technology to prevent any environmental impacts. The adoption of small hydropower technology is expected to drive the market in Europe to produce enough electricity.
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The market in Asia Pacific is likely to register considerable growth in the forecast years. The countries such as India, Nepal, Bangladesh, and China are more feasible for small hydropower projects owing to their increasing rural base. The increasing population in these countries is expected to fuel the demand for generating electricity. Governments are also taking initiatives towards small hydropower development, more beneficial to people living in remote and rural areas. These factors are anticipated to create growth opportunities for the market between 2017 and 2026. The Middle East & Africa is expected to register rapid growth owing to the rising demand for electricity. Companies and governments in this region are planning to invest in the cleanest form of energy to reduce emissions.
“Rising Need for Sustainable Renewable Energy Propels Growth in the Market”
“The electricity consumption is increasing on account of the rising population across the world, which is expected to augment the adoption of small hydropower systems,” said a lead analyst at Fortune Business Insights™. “The rising shift towards sustainable renewable energy in rural and remote places is expected to drive the market,” he added. The long-life cycle and low investment cost associated with installing small hydropower generators are anticipated to enable growth in the market. The long-life ensures reliable investments and offers economic benefits.
Growing industrialization and demand for energy across the world act as a potential growth trigger in the market. Small hydropower resources offer an abundant source for excellent power generation and ensure reliable energy supply in the long run. The report predicts such factors to encourage growth in the market by 2026.
Contrary to this, some authorization procedures may hamper the growth of the market. Procedures associated with licensing are time-consuming and complicated in some countries, which acts as a major stumbling block.
“High Competition Encourages Companies to Focus on their Operational Activities”
The global small hydropower market is likely to witness intense competition, besides which prevailing trends are likely to get swayed by government regulations and policies. For instance, IIT Roorkee under the government of the Ministry of New and Renewable Energy (MNRE) established a research and development (R&D) laboratory in April 2018. This lab is fully automatic and the research is conducted in hydraulic turbines. Furthermore, it is designed to help India compete with international markets. Some of the leading players operating in the global market are RusHydro, Clean Innovation, Agder Energi, China Yangtze Power Co., Ltd., Eletrobras, Statkraft, Hydro Quebec, Renewable First Ltd., European Small Hydropower Association, BC Hydro and Power Authority, Energy Eastern Europe Power GmBH, Vidyachal Hydro Power Pvt. Ltd., Toshiba Hydroelectric Power, Him Urja Pvt. Ltd., and Duke Energy Corporation.
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Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
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