Global Small Hydropower Market to Exhibit a Moderate CAGR of 2.85% from 2015 to 2023.

Transparency Market Research (TMR) has published a new market study on the global small hydropower market. According to the report, the global small hydropower market is set to expand at a slow pace, exhibiting a 2.85% CAGR in the period from 2015 to 2023. The total installed capacity of small hydropower, which was 110.77 GW in 2014, is expected to rise to 146.65 GW by 2023. The report is titled “Small Hydropower Market, by installed capacity - Global Industry Analysis, Size, Share, Growth Trends, and Forecast, 2015 - 2023” and contains fruitful information on the global small hydropower market. The report provides a broad perspective and analysis of the key companies in the market, along with data about the market’s competitive landscape. It analyzes the market dynamics and offers a comprehensive industry analysis along with the industry trends and growth opportunities.

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Small hydropower is the development of hydroelectric power on a smaller scale, serving a smaller community or a small industrial plant. Small hydropower can be connected to conventional electrical distribution networks and serve as a source of low-cost renewable energy. They can be used in isolated or remote areas where there is no electrical distribution network. One of the major benefits of small hydropower is its relatively lower impact on the environment. SHP or small hydropower is thus an efficient and emission-free renewable source of electricity and can be used for both on-grid and off-grid applications.

Constructed using existing dams or the flow of rivers, SHP systems comprise generators, turbines, transformers, and reservoirs. The market is driven by the adoption of SHP systems in rural areas, where there is no infrastructure, such as electricity distribution and transmission lines. Another major reason why SHP is being adopted is the fact that the energy produced by small hydropower systems is the cleanest form of renewable electricity and does no harm to the environment by releasing harmful gases or pollutants. These are the factors that are driving the small hydropower market.

The report segments the small hydropower market on the basis of region into South and Central America, North America, Asia Pacific, Europe, and the Middle East and Africa. Out of these regions, 70% of the global market for small hydropower was held by Asia Pacific in 2014, wherein China ranked first in terms of SHP installations, closely followed by India and Japan. The growth of the SHP market in China can be attributed to initiatives taken by the government to promote small hydropower by means of extending tax credits and incentives.

Europe turned out to be the second largest market for SHP in 2014 and was led by Italy, which benefitted from the large funding available for the development of small hydropower systems as well as the well-structured energy policies in the country. North America was the third largest market in 2014 and was led by the U.S.A. and Canada, which held the maximum number of SHP installations. The report forecasts that the market in the MENA region will witness significant growth in the future due to the high demand for renewable energy from countries such as Egypt, Kenya, and Nigeria.

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The leading players in the small hydropower market are: ANDRITZ HYDRO GmbH, Voith GmbH, Alstom S.A., StatKraft AS, and BC Hydro.

The global Small Hydropower market has been segmented as follows:

Small Hydropower Market: By Region

North America
Europe
Asia Pacific
Middle East and Africa
South and Central America

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