Global Small Hydropower Market Size, Stock & Trends Analysis Report 2022-2030: Changing Trends Towards Renewable Energy Sources for Electricity Production - ResearchAndMarkets.com

Global Small Hydropower Market Size, Stock & Trends Analysis Report 2022-2030: Changing Trends Towards Renewable Energy Sources for Electricity Production – ResearchAndMarkets.com

Dublin – (work wire) – “Small Hydropower Market Size Analysis Report, Share and Trends by Capacity (up to 1MW, 1-10MW), by Type (Small Hydropower, Small Hydropower), by Component, by Region, and Sector Forecast, 2022 – Done Add 2030 report to ResearchAndMarkets.com Show.

The global small hydropower market size is expected to reach 2.56 billion US dollars by 2030 and is expected to expand at a compound annual growth rate of 2.8% from 2022 to 2030

Increasing investments in smart “energy saving” across various end uses are expected to provide an incentive for the adoption of micro-hydropower for electricity generation.

Moreover, the increase in greenhouse gas emissions due to increasing energy consumption has prompted the United Nations Industrial Development Organization (UNIDO) and the Federal Energy Regulatory Commission (FERC) to adopt some renewable energy measures.

The Federal Energy Regulatory Commission’s policies to encourage renewable energy sources, along with the need to provide energy in rural areas, are expected to boost market growth.

The small hydropower sector dominated the market and accounted for more than 55.0% in 2021. Small hydro projects range from less than 1 megawatt that can provide power to a rural industry or a small community in remote areas away from the grid area.

Small hydropower systems consist of basic components including water transmission conduits or pipelines, turbines, pumps, generators, regulators, and electricity distribution wires. Commercially available turbines and generators are sold as a package and only require component assembly, making the systems easy to manage and replace. Up to 1 MW led the market and accounted for more than 55.0% in 2021.

They were created in geographical areas where water flows through large mountain ranges and their slopes. They are used either as stand-alone systems or, less often, as grid feeding systems. A 100 kW hydroelectric power system is used to power rural industries, small communities or remote areas away from the grid.

Civil construction accounted for a significant share of project costs across all SHPPs. Therefore, in order to properly direct the water to the turbines and raise the level of the water head, civil constructions such as dams (dams) are created. Thus, such simple constructions are more economical than projects of large hydroelectric power plants.

The market is expected to witness steady growth across all sectors with the increasing amount of electricity resources. Lower renewable energy costs and lower infrastructure costs are boosting the rapid production of small hydropower plants in the region, leading to increased adoption of small and small hydro power facilities in the Asia-Pacific region.

The Asia Pacific market is expected to grow during the forecast period due to investments in off-grid power generation and rural electrification.

Highlights of the Small Hydropower Market Report

  • In terms of revenue, the small hydropower segment captured the largest share with over 55.0% in 2021 and is expected to witness steady growth during the forecast period.

  • The civil construction component segment dominated the market and captured a revenue share of over 30.0% in 2021

  • In 2021, the Asia Pacific region captured a revenue share of over 35.0%. China, Japan and India lead the market in this region. Reducing renewable energy costs and lowering infrastructure costs are boosting the rapid production of small hydropower plants in the region, leading to increased adoption of small and micro-hydro facilities in the Asia-Pacific region.

  • Several strategic initiatives have been registered over the past few years to boost market growth. For example, in October 2021, ANDRITZ, an international technology group that provides hydroelectric equipment such as pump turbines, submersible motors and services to various industries, received a contract worth US$86.77 million (€75 million) from the US Army Corps of Engineers headquartered in Tulsa for the restoration and grading of all four turbines and generators at the Robert S. Ker Hydroelectric Power Plant, located along the Arkansas River in eastern Oklahoma adjacent to Cowlington

Main topics covered:

Chapter 1. Methodology and Scope

Chapter 2. Executive Summary

Chapter 3. Market Variables, Trends and Scope

Chapter 4. Global Small Hydropower Market: Capacity Estimates and Trend Analysis

Chapter 5. Global Small Hydropower Market: Type Estimates and Trend Analysis

Chapter 6. Global Small Hydropower Market: Component Estimates and Trend Analysis

Chapter 7. Global Small Hydropower Market: Regional Estimates and Trend Analysis

Chapter 8. Company Profiles

  • Siemens Energy

  • General Electric (GE)

  • Voith GmbH & Co. KGaA

  • Toshiba Corporation

  • FLOVEL ENERGY PRIVATE LIMITED

  • Andritz

  • Natell Energy

  • Gilex

  • Bharat Heavy Electric Co., Ltd.

  • SNC-Lavalin Group

  • Mosque

  • MAVEL, AS

  • Canyon Hydro

For more information on this report, visit https://www.researchandmarkets.com/r/on8icb

Leave a Comment

Your email address will not be published.