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.
According to the new market research report “Global Small Hydropower Market Report 2023-2029”, published by QYResearch, the global Small Hydropower market size is projected to reach USD 3.1 billion by 2029, at a CAGR of 4.2% during the forecast period.
- Global Small Hydropower MarketSize(US$ Million), 2018-2029
Based on or includes research from QYResearch: Global Small Hydropower Market Report 2023-2029.
- Global Small Hydropower Top19Players Ranking and Market Share（Based on data of 2021, Continually updated）
Based on or includes research from QYResearch: 2021 data information of Global Small Hydropower Market Report 2023-2029.
The global key manufacturers of Small Hydropower include GE, Voith GmbH, Andritz Hydro, Siemens, Toshiba, Mavel, Global Hydro Energy, Zhejiang Jinlun Electromechanic, Gilbert Gilkes & Gordon Ltd, Atb Riva Calzoni, etc. In 2021, the global top five players had a share approximately 39.0% in terms of revenue.
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