What is Global Small and Mini Hydropower Market?
The Global Small and Mini Hydropower Market is a segment of the energy industry that focuses on the generation of electricity using small-scale hydropower systems. These systems are typically classified into three categories: Small Hydro (1MW-10MW), Mini Hydro (100kW-1MW), and Micro Hydro (5kW-100kW). The market is characterized by the use of small and mini hydropower plants that harness the energy of flowing or falling water to generate electricity. These plants are usually built in remote areas where there is a lack of access to the national grid or where it is more cost-effective to generate electricity locally. The market is driven by the increasing demand for renewable energy sources, the need for energy security, and the desire to reduce carbon emissions. The market is also influenced by government policies and incentives that encourage the use of renewable energy sources. However, the market faces challenges such as the high initial investment required to build small and mini hydropower plants and the potential environmental impact of these plants. Despite these challenges, the market has significant growth potential due to the increasing awareness about the benefits of renewable energy and the technological advancements in small and mini hydropower systems.
Small Hydro (1MW-10MW), Mini Hydro (100kW-1MW), Micro Hydro (5kW-100kW) in the Global Small and Mini Hydropower Market:
The Global Small and Mini Hydropower Market is used in various areas, including Electromechanical Equipment and Infrastructure. Electromechanical equipment refers to the machines and devices used in small and mini hydropower plants to generate electricity. This includes turbines, generators, transformers, and control systems. These equipment are essential for the operation of the plants and their efficiency and reliability directly affect the performance of the plants. On the other hand, infrastructure refers to the physical structures and facilities needed to operate the plants. This includes dams, reservoirs, canals, and power lines. The construction and maintenance of these infrastructures require significant investment and expertise. However, they are crucial for the successful operation of the plants and their durability and resilience can significantly affect the lifespan of the plants. The use of small and mini hydropower plants in these areas not only provides a reliable and sustainable source of electricity but also contributes to the economic development of the areas by creating jobs and stimulating local economies.
Electromechanical Equipment, Infrastructure in the Global Small and Mini Hydropower Market:
The Asia-Pacific region is currently the largest consumer in the Global Small and Mini Hydropower Market, accounting for approximately 60% of the total market. This is significantly higher than the combined market share of Europe and America, which is around 30%. In 2020, the global market size for Small Hydropower was valued at US$ 2185.63 million. This figure is projected to increase to US$ 2826.05 million by the end of 2027, representing a Compound Annual Growth Rate (CAGR) of 3.93% between 2021 and 2027. Furthermore, the global market for Small and Mini Hydropower is expected to grow from US$ 2330.6 million in 2023 to US$ 2848.3 million by 2029, at a CAGR of 3.4% during the forecast period. In terms of product categories, Electromechanical Equipment is the largest segment, accounting for over 74% of the market. Similarly, in terms of application, Small Hydro (1MW-10MW) is the largest market, with a share of over 78%. These figures highlight the significant growth potential of the Global Small and Mini Hydropower Market and its importance in the global energy industry.
| Report Metric | Details |
| Report Name | Small and Mini Hydropower Market |
| Accounted market size in the end of 2027 | US$ 2826.05 million |
| CAGR | 3.93% |
| Base Year | the end of 2027 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Sales by Region |
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| By Company | 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 |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
