Small Hydropower Market Analysis

Capacity (Up to 1 MW, 1-10 MW)

The 1-10 MW segment in the small hydropower market is predicted to acquire the largest revenue share of about 35% in the year 2037, owing to the increasing demand for the 10 MW capacity of small hydropower. The rising environmental concern across the world about carbon emissions and the increasing focus on the conversion of water energy into electric energy is estimated to drive market segment growth in the near future.

Moreover, the market segment growth is also attributed to the increasing prices of fossil fuels that are used to produce electricity and the development of hydroelectric power in small areas and towns to reduce the expenditure on energy across the globe as per the market analysis.

End-User (Commercial, Utility-Scale)

Small hydropower market from the commercial segment is expected to expand at a substantial rate of around 64% in the year 2037. The increasing concentration on the building of hydropower power plants globally the increasing applications of hydroelectric energy worldwide and the advancements in the designing and construction of hydropower turbines are expected to drive the growth of the market segment in the coming years.

The rising requirement to produce high-capacity electricity owing to increasing industrialization and urbanization is also estimated to have a positive impact on the market segment size.

Our in-depth analysis of the global market includes the following segments: