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Small Hydropower Market: Technological Advancements, Current Industry Trends and Future Opportunities to 2024

01-20-2020 11:28 AM CET | Energy & Environment

Press release from: MarketsandMarkets

Small Hydropower Market: Technological Advancements, Current

According to the new market research report "Small Hydropower Market by Capacity (Up to 1 MW, 1–10 MW), Type (Micro Hydropower, Mini Hydropower), Components (Electromechanical Equipment, Electric infrastructure, Civil Works), and Region - Global Forecast to 2024" published by MarketsandMarkets™, the global Small Hydropower Market is projected to reach USD 3.0 billion by 2024 from an estimated market size of USD 2.6 billion in 2019, at a CAGR of 2.4% during the forecast period. The global market is set to witness significant growth owing to the application of small hydropower projects for rural electrification, financial incentives and policy initiatives, and investments in hydropower projects in response to climate change.

The 1–10 MW segment is expected to hold the largest share of the Small Hydropower Market
The 1–10 MW segment is expected to dominate the Small Hydropower Market in 2019 owing to the small hydropower installations in various countries across the globe. This higher share of 1–10 MW plants can be attributed to the small-scale decentralized projects being deployed in developing nations, especially in Asia Pacific, for rural electrification. Asia Pacific dominated the 1–10 MW segment of the Small Hydropower Market. China, Vietnam, and India are the account for the significant share of the small hydropower installations in this region. The demand for small hydropower is driven by increasing investments for rural electrification in these countries.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=63387972

Civil Works segment the largest segment of Small Hydropower Market
The public works segment is estimated to hold the largest share of the Small Hydropower Market, by part, from 2019 to 2024. Civil works account for the significant percentage of project costs in all small hydropower projects. Small hydropower plants generally do not require the construction of dams, reservoirs, or any kind of storage structure as most plants are runoff run-of-river plants. But, to properly guide the water on to turbines and to increase the water head, civil structures such as weirs are constructed. These simple civil structures are cheaper than those in large hydropower plants, but they constitute a large share of the total project cost in small hydropower plants.

Asia Pacific is expected to dominate the global Small Hydropower Market
Asia Pacific is currently the largest Small Hydropower Market, followed by Europe and North America. China, Vietnam, and India are the world’s fastest-growing economies, contributing largely to the Asia Pacific market. The Asia Pacific market is expected to grow during the forecast period owing to the investments in rural electrification and off-grid energy generation.

Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=63387972

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Small Hydropower Market. These include Voith (Germany), ANDRITZ (Austria), GE Renewable Energy (France), Toshiba (Japan), Siemens(Germany), BHEL (India), Gilbert Gilkes & Gordon (UK), and Flovel (India). The leading players are trying to establish themselves in the markets in developing economies and are adopting various strategies to increase their respective market share.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: sales@marketsandmarkets.com

About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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