The global Small Hydro Power market was valued at US$ 2307.8 million in 2022 and is projected to reach US$ 2887.7 million by 2029, at a CAGR of 3.3% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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.
This report aims to provide a comprehensive presentation of the global market for Small Hydro Power, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Small Hydro Power. This report contains market size and forecasts of Small Hydro Power in global, including the following market information:
Global Small Hydro Power Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
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%.
We surveyed the Small Hydro Power companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Small Hydro Power Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Small Hydro Power Market Segment Percentages, by Type, 2022 (%)
- Small Hydro (1 MW - 10 MW)
- Mini Hydro (100 kW - 1 MW)
- Micro Hydro (5 kW - 100 kW)
- Others
Global Small Hydro Power Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Small Hydro Power Market Segment Percentages, by Application, 2022 (%)
- Farm
- Ranch
- Village
- Others
Global Small Hydro Power Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Small Hydro Power Market Segment Percentages, By Region and Country, 2022 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Small Hydro Power revenues in global market, 2018-2023 (estimated), ($ millions)
- Key companies Small Hydro Power revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
- Voith
- GE
- Andritz Hydro
- Siemens
- Agder Energi
- Derwent
- Lanco
- Schneider Electric
- FAB 3R
- HYDROHROM
- WEG
- CanmetENERGY
- Bharat Heavy Electricals
Outline of Major Chapters:
- Chapter 1: Introduces the definition of Small Hydro Power, market overview.
- Chapter 2: Global Small Hydro Power market size in revenue.
- Chapter 3: Detailed analysis of Small Hydro Power company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
- Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
- Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
- Chapter 6: Sales of Small Hydro Power in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
- Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
- Chapter 8: The main points and conclusions of the report.