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Run Of River (ROR) Power Market Trend, Industry Analysis Competitive Market Share and Forecast, 2017 – 2024

06-14-2017 10:06 AM CET | Energy & Environment

Press release from: Global Market Insights, Inc

Run Of River (ROR) Power Market Trend, Industry Analysis

Global Run Of River (ROR) Power Market size is predicted to witness a significant growth during the forecast period. Most of the provincial utilities see the ROR systems as the finest option for providing clean power to isolated, small communities thereby replacing inefficient and polluting diesel electric generators. In a comparison of some common power generation technologies by the Ontario Power Authority, the run of river power was found to have the lowest environmental impact.

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Increasing concern towards reduction of carbon footprints with an aim to achieve environmental protection will positively influence the run of river power market. The ROR facilities are touted as being environment friendly as they do not require dams for flooding large areas of land unlike large hydroelectric dams. These power plants do not emit greenhouse gases unlike fossils fuel plants, thereby reducing the harmful environmental impacts. The Executive Board for the Clean Development Mechanism of the Kyoto Protocol (2010) registered 413 ROR power projects, which are anticipated to reduce greenhouse gas emissions by 127 metric tonnes.

Increasing focus on cost effective and reliable energy technology is anticipated to propel the run of river power market. The cost of run of river power plants is comparatively small as compared to large hydropower plants. For instance, in March 2013, among the 8,013 renewables projects operating in the CDM pipeline; 2,899 are hydropower projects with potential combined installation capacity of 138 GW.

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Based on generation capacity, the run of river power market consists of micro hydro plants having capacity less than 100 KW, mini hydro plants with its capacity between 100 KW-1 MW and small hydropower plants with capacity between 1-50 MW. The small ROR power plants with generation capacity 1-50 MW is predicted to grow at a high growth rate, thereby presenting good market opportunity during the forecast period. As per Natural Resources Canada, the current installed capacity for small ROR power is approximately 3,400 MW and the potential energy that could be produced by small ROR power technologies is estimated to be 15,000 MW.

North America is anticipated to dominate the run of river power market during the forecast period with large potential sites for development of such projects. The run of river power market projects are likely to perform exceptionally well owing to high dependency on hydropower and increasing adoption of renewable energy technologies. Canada has already tapped its large hydropower generation capacity and has found a niche in replacing polluting diesel generators. Thus, with these ongoing developments, it is evident for run of river power market to gain more popularity in the coming future. Europe is anticipated to offer possible growth opportunities due to increasing environmental concerns. However, restricted availability of economically attractive sites limits the development of run of river power market to a certain extent.

Browse complete summary of this report https://www.gminsights.com/industry-analysis/run-of-river-power-market

Regionally, Global Market Insights, Inc.’s Run Of River (ROR) Power Market research has the most in-depth, country focused estimates and forecasts for decision makers across the globe. An exhaustive list of company profiles for organizations active in the Run Of River (ROR) Power Market supports the regional analysis and information offering a competitive outlook on the industry. For each segment analyzed in this research, whether it is by product, application, material or end-use, a regional overview with historical data and Run Of River (ROR) Power Market forecast is provided to the reader. Such a cross-segmentation research analysis is also unique to reports by Global Market Insights, Inc.

Notable players in the run of river power market are Innergex Renewable Energy, Ontario Power Generation, Duke Energy, China Yangtze Power, and Statkraft AS. The leading players have adopted several strategies such as collaborations, mergers & acquisitions for increasing their global industry share.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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