The latest report by IMARC Group, titled “Small Hydropower Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“. offers a comprehensive analysis of the industry, which comprises insights on the global small hydropower market trends. The global market size reached US$ 2.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.6 Billion by 2028, exhibiting a growth rate (CAGR) of 2.6% during 2023-2028.

Small hydropower (SHP) is an innovative technology that produces electricity by transforming the kinetic energy of flowing water into electrical power. SHP plants are commonly installed in rivers, streams, or existing water networks such as drinking water or wastewater systems. The production of hydroelectric power is directly linked to the flow of water in rivers. SHP plants can be utilized to meet low-to-medium voltage electrical requirements, including lighting and communication. In comparison to large hydropower systems, SHP plants have a minimal impact on the environment, wildlife, and aquatic life. Since they are also a viable and cost-effective source of renewable energy in developing and rural areas, small hydropower plants are gaining immense traction across the globe.

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Small Hydropower Market Trends and Drivers:

The global small hydropower (SHP) market is primarily driven by the increasing demand for renewable energy sources. Moreover, the rising awareness among consumers about the various benefits of SHP, such as low operational and distribution costs, easy deployment, negligible impact on the environment and ecology, convenient integration with the power grid, and no risk of floods, is positively influencing the market growth. Additionally, several favorable initiatives taken by governments of numerous countries aimed at promoting the adoption of SHP through financial incentives, low-interest loans, renewable purchase obligations, and feed-in-tariffs have catalyzed the market growth. Other factors, including ongoing research and development (R&D) activities, increasing adoption of IoT-based monitoring systems, and rising environmental concerns related to the use of depleting fossil fuels, are also anticipated to drive the market further.

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • ANDRITZ AG (ADRZF)
  • Bharat Heavy Electricals Limited
  • CANYON FPO (CAY.AX)
  • GE Renewable Energy
  • Gilbert Gilkes & Gordon Ltd.
  • HNAC Technology
  • Mavel
  • Siemens
  • SNC-Lavalin
  • Toshiba
  • Voith.

The report has segmented the market on the basis of Product Type, End-User and Region.

Breakup by Capacity:

  • Up to 1 MW
  • 1-10 MW

Breakup by Component:

  • Turbine
  • Generator
  • Electric Infrastructure
  • Intake Valves and Penstock
  • Others

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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