The global small hydropower market is expected to grow at a CAGR of around 3.3% from 2019 to 2026 and expected to reach the market value of around US$ 3.2 Bn by 2026.

Small hydropower refers to the clean, renewable, and predictable energy source. The system is intended to produce electricity by converting the mechanical energy of flowing water into electric energy. Small hydro systems are not specifically designed to connect to the grid or to provide power to the grid these are preferably used in isolated remote areas for independent and stand-alone applications. These are the best alternative to the costly diesel generation systems in remote locations. The small hydropower plants can be further divided into mini, micro and pico hydropower and the capacity range include less than 1 MW to 50 MW.  The mini hydro refers to hydroelectric power generation with installed capacity below 10 MW, which can be suitable for the local community and industry. Micro-hydro generates electricity with the installed capacity from 5 kW to 100 kW. The pico hydro refers to the generation of hydroelectricity under 5kW, specifically for small remote communities to power bulbs, TV or radio in homes.

Market Dynamics

The increasing rural electrification projects in underdeveloped and developing economies across the globe are primarily accelerating market growth. The changing climate is pushing economies to invest in the renewable and small hydropower projects which are supporting the market value. Small hydropower dams are also needed in rural communities to sustain life are also expected to accelerate the market value. In addition, the integration of the Internet of Things (IoT) with hydropower is likely to create potential demand over the forecast timeframe 2019 to 2026.

On the other hand, the availability of substitutes at cheaper costs such as new solar photovoltaic (PV) and onshore wind power projects are expected to be the major challenge to the market growth during the estimated period. In addition, unstable supply and dependency of energy generation on seasonal highs and lows associated with the small hydropower is likely to hinder the market growth. 

By capacity 1–10 MW segment projected to account major share during the forecast period.

The small hydropower projects with the capacity of 1–10 MW are expected to register a major share over the forecast period 2019 to 2026. The increasing number of small hydropower projects in various developing economies for the electrification of rural areas is primarily accelerating market growth. The ASIAN countries including China, Vietnam, and India are major contributors to the segment growth.

Mini Hydropower segment by type is expected to witness a major share over the forecast period 2019 to 2026.

On the basis of type, the mini hydropower segment projected to lead the market with major share during the estimated period 2019 to 2026. The segment is primarily gaining positive growth due to the increasing number of installation of mini hydropower plants. The idea of increasing the renewable energy share in the nation’s energy mix led by some developing economies is further propelling the segment growth.

The market research study on “Small Hydropower Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026”, offers a detailed insight into the global Small Hydropower market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights into the global Small Hydropower market, its product type, application, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global Small Hydropower market size and volume, and segment markets by product type, application, and geography along with the information on companies operating in the market. The Small Hydropower market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market size and volume for different segments have been covered under the scope of the report.

Asia Pacific region is projected to witness a major share of the small hydropower market over the forecast period 2019 to 2026

The Asia Pacific region is majorly focusing on the projects for the electrification of rural areas and the major economies of the region including China, India, and Vietnam are contributing the regional market growth. The increasing investment in off-grid energy generation solutions is further supporting the regional market growth.

The players profiled in the report include Voith (Germany), ANDRITZ (Austria), GE Renewable Energy (France), Siemens (Germany), Toshiba (Japan), BHEL (India), SNC-Lavalin (Canada), HNAC Technology (China), Gilbert Gilkes & Gordon Ltd(UK), Mavel (Czech Republic), HM Hydro (Japan), Ganz EEM (Hungary), Kolektor Turboinstitut (Slovenia), Canyon Hydro (US), CKD Blansko (Czech Republic), Canadian Hydro Components(Canada), ATB Riva Calzoni (Italy), Flovel (India), B Fouress (India), and Global Hydro(Austria). The major players were continuously involved in developing advance and new solutions that can serve better. The favorable government policies were also pushing the major players to grow in small hydropower projects.

Market Segmentation

Market By Capacity

• Up to 1 MW
• 1–10 MW
• Others

Market By Type

• Micro Hydropower
• Mini Hydropower
• Pico Hydropower

Market By Components

• Electromechanical Equipment
  • Turbine
  • Generator
  • Other Equipment (includes inlet valves gates, penstock, governors, and auxiliaries)
• Electric infrastructure
• Civil Works
• Others ( includes engineering, structural, management, environmental mitigation, and project development)

Market By Geography

North America

• U.S.
• Canada

Europe

• U.K.
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of Middle East & Africa

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