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Small Hydropower Market expects gains at over 2.5% CAGR a Comprehensive Analysis Research Report

Author : Rahul Sankrityayan | Published Date : 2019-06-19 

Global Small Hydropower Market size by installed base was more than 110 GW for 2015 and is predicted to register more than 2.5% growth during the forecast period. Demand for pure and renewable source of energy has resulted in growth of the industry. The reason being that hydropower is purest form of renewable energy and does not pollute the environment by emitting hazardous pollutants like carbon dioxide. Also, small hydropower needs less reservoirs and construction activity it has negligible impact on environment. Further, the industry is rapidly growing owing to favourable government policies and government subsidies, tax benefits & incentives.

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In 2003, Voith Siemens won a $45 million engineering & procurement deal to deploy three small-scale hydropower units with overall deployment capacity of 60MW for Mexican firm comex hidro. These power plants were developed on the reservoirs to control floods and provide irrigation in Mexico.

Statkraft penetrated Indian hydropower industry in 2004 and was a first overseas firm to make investment in hydropower sector in India. It is involved in two big hydropower projects in India amounting to total 300 MW. The firm is further exploring new investment avenues within hydropower sector by partnering with Tata Power which is India’s biggest integrated power firm. Together the two firms have a license for new plant “Dugar” amounting to greater than 400MW in Indian state of Himachal Pradesh.

Global small hydropower market is segmented into key geographical regions including North America, APAC, Europe, Latin America and MEA.

Key industry players profiled in the report include:

RusHydro

ALSTOM

Lanco Group

Andritz Hydro

Agder Energi AS

SIEMENS AG

BC Hydro

StatKraft

Siemens

Ontario Power Generation Incorporation

Fortum Oyj

ANDRITZ HYDRO GmbH

Voith GmbH

GE

24H – Hydro Power Limited

Derwent Hydroelectric Power Limited

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APAC led the global industry with higher than 80GW deployed capacity for 2014 with Japan, India and China being key contributors for small hydropower installation. Rising demand for off grid power supply, high hydropower capacity and tax benefits were few of the drivers for sall hydropower installations in the region.

Europe was the second biggest small hydropower market in 2014. Italy led the regional industry with total installation of more than 3.1GW owing to its structured policies and high investments for industry growth.

North America small hydropower market is predicted to register CAGR of more than 2.5% during the forecast period. The region was third largest in terms of industry share in 2014. Canada and USA were dominant nations with many key small hydropower installations.

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MEA small hydropower market is predicted to experience substantial expansion in future owing to rise in demand for electricity and renewable energy across nations like Egypt, Kenya and Nigeria in the region.

Key insights from the report include:

  • Global small hydropower market size is forecast to reach 146.33 GW by 2024, growing at 2.7% CAGR up to 2024.
  • APAC, predominant by China, Japan, & India led the regional industry with total installations around 83.65 GW in 2015.
  • North America, dominated by the U.S. small hydropower market size, forecasts installations of more than 14 GW by 2024.
  • Europe led by Italy is estimated to gain at 2.3% CAGR up to 2024. Rising trend to refurbish or renew existing hydro plants may positively drive regional demand.
  • Brazil dominated the South & Central America SHP demand and is set to reach 6.73 GW installations by 2024. Growing manufacturing industries accompanied by huge hydro potential site owing to Amazon river should fuel regional industry growth.

 

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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