The global Small Hydropower market was valued at US$ 2185.6 million in 2020 and it is expected to reach US$ 2826.6 million by the end of 2027, growing at a CAGR of 3.9% during 2021-2027.
Hydroelectricity is the term referring to electricity generated by hydropower; the production of electrical power through the use of the gravitational force of falling or flowing water. It is the most widely used form of renewable energy. Small hydro is the development of hydroelectric power on a scale serving a small community or industrial plant. The definition of a small hydro project varies, but a generating Installed Capacity of 1 to 10 megawatts (MW) is generally accepted, which aligns to the concept of distributed generation.
In 2020, the market of small hydropower industry is almost monopolized by European and American producers, accounting for about 60% of the global market. The top three producers are Voith GmbH, GE and Andritz Hydro, which all come from European and American regions and account for more than 30% of the market share. But the Asia-Pacific region is the world’s biggest consumer, accounting for about 60% of the market, compared with about 30% for Europe and America combined. The sharp drop in the growth rate of the consumer price of small hydropower in various countries shows that the price of small hydropower is close to its peak.
In 2020, the global Small Hydropower market size was US$ 2185.63 million and it is expected to reach US$ 2826.05 million by the end of 2027, with a CAGR of 3.93% between 2021 and 2027.
The data for 2021 is an estimate, based on the historical data and the integrated view of industrial experts, manufacturers, distributors, and end users, etc.
Top-down and bottom-up approaches are used to validate the global Small Hydropower market size and to estimate the market size for company, regional division, product type and application (end users). In the complete market engineering process, both top-down and bottom-up approaches along with several data triangulation methods have been extensively utilized to perform market estimation and market forecast for the overall market division and subdivision listed in this report. Extensive qualitative and further quantitative analysis has also been done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Global key players of Small Hydropower include GE, Voith GmbH, Andritz Hydro, Siemens, Toshiba and Mavel, etc. Top five players occupy for a share about 38%. Asia-Pacific is the largest market, with a share about 57%, followed by North America and Europe. In terms of product, Electromechanical Equipment is the largest segment, with a share over 74%. In terms of application, Small Hydro (1MW-10MW) is the largest market, with a share over 78%.
Global Small Hydropower Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Small Hydropower Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Voith GmbH, Andritz Hydro, GE, Siemens, Flovel Energy Private Limited, Toshiba, Bhel, Snc-Lavalin, Gilbert Gilkes & Gordon Ltd, Mavel, Ganz Eepm, Kolektor Turboinstitut, Ckd Blansko, Atb Riva Calzoni, B Fouress, Global Hydro Energy, Gugler, Zhejiang Jinlun Electromechanic, Tes Vsetín, Atb Riva Calzoni and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-small-hydropower-market-research-report
Segment by Type
- Electromechanical Equipment
Segment by Application
- Small Hydro (1MW-10MW)
- Mini Hydro (100kW-1MW)
- Micro Hydro (5kW-100kW)
Table of Content:
1 Small Hydropower Market Overview
2 Small Hydropower Market Competition by Manufacturers
3 Small Hydropower Retrospective Market Scenario by Region
4 Global Small Hydropower Historic Market Analysis by Type
5 Global Small Hydropower Historic Market Analysis by Application
6 Key Companies Profiled
7 Small Hydropower Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Small Hydropower Market Dynamics
10 Global Small Hydropower Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta