Small Hydropower Market Outlook 2031
- The global small hydropower market was valued at US$ 208.8 Bn in 2021
- It is estimated to grow at a CAGR of 2.69% from 2022 to 2031
- The global small hydropower market is expected to reach US$ 273.8 Bn by the end of 2031
Small Hydropower Market Introduction
Small hydropower plant generates electricity by utilizing the moving water. Its categorization differs from country to country, as there is no standard consensus among nations and regions. Small hydropower plants, classified into below 10 MW and above 10 MW segments, can serve a small community or an industrial plant. Hydropower generation is directly proportional to the stream flow of the river. Thus, fluctuation in the flow of river streams can affect operations of small hydroelectric generators. Stream flow experiences seasonal variation depending upon the climatic condition of the region such as the amount of rainfall and temperature. This affects the generation of hydroelectricity.
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Increase in Awareness About Green Energy Driving Global Small Hydropower Market
Rise in awareness about green energy is expected to offer a lucrative opportunity for small hydropower market players. Implementation of stringent regulations to limit greenhouse gas and carbon dioxide emissions has prompted companies to seek more effective alternatives to conventional energy sources. Small hydropower plants are worthy alternatives to energy generated from fossil fuels. Generation of energy from fossil fuels leads to emission of greenhouse gases, which can cause serious damage to the environment, including global warming and air and land pollution.
According to the World Small Hydropower Development Report (WSHPDR) 2019, small hydropower represents approximately 1.5% of the world’s total electricity installed capacity, 4.5% of the total renewable energy capacity, and 7.5% of the total hydropower capacity. Over the last three years, the production of small hydropower has increased by around 10% across the globe. Production of small hydropower stood at around 75 gigawatts in 2016 and reached around 78 gigawatts in 2019.
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Regional Outlook of Global Small Hydropower Market
In terms of volume, Asia Pacific accounted for prominent share of 69.3% of the global small hydropower market in 2021. China is expected to hold major share of the small hydropower market in Asia Pacific during the forecast period. Expansion of infrastructure, telecom, and commercial sectors; increase in construction activities; and frequent blackouts and power fluctuations are projected to propel the small hydropower market in Asia Pacific in the near future.
Analysis of Key Players in Global Small Hydropower Market
The market report covers future business opportunities in the small hydropower market and company profiles section that includes key information about major players in the market. The global small hydropower market is consolidated, with a small number of large-scale vendors controlling majority of the share. Key players are investing significantly in comprehensive research and development activities to enhance their market share. Prominent players operating in the small hydropower market are Siemens AG, Voith GmbH, Agder Energi AS, Ontario Power Generation Inc., General Electric, Andritz AG, StatKraft, BC Hydro, RusHydro, and Fortum.
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- Capacity
- Below 10 MW
- Above 10 MW
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