Report ID: 10352377 |
Published Date: 21 Mar 2025 |
Report Format: |
Delivery Timeline: 48-72 Business Hours
Global Small Hydropower (SHP) Market Highlights Over 2021 - 2031
The global small hydropower (SHP) market is estimated to garner a revenue of USD 3059.4 Million by the end of 2031 by growing at a CAGR of 2.1% over the forecast period, i.e., 2022 – 2031. Moreover, in the year 2021, the market registered a revenue of USD 2497.6 Million. The growth of the market can be attributed to growing demand for electricity worldwide, and the rising focus of the government of the nations for expanding the reach of electrification to the remote areas. According to the statistics by the United Nations Industrial Development Organization (UNIDO), out of the total electricity installed capacity around the world, small hydropower (SHP) represents a share of only around 1.5%. The statistics also stated that SHP represents 4.5% of the total renewable energy capacity and 7.5% of the total hydropower capacity. Despite the SHPs representing a minor share in the overall electricity generation capacity, it plays a major role in improving the lives of the people, especially for those who are living in the rural areas. According to UNIDO, the installed capacity of SHPs globally increased from 71GW in the year 2013 to 78GW in the year 2019, witnessing a growth of 10%. Moreover, the potential of SHPs globally grew by 30% and reached 229GW in the year 2019, up from 177GW in the year 2013.
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Small hydropower (SHP) projects are known to have greater flexibility in its deployment and hence it has paved path for the enhancement of rural electrification, rural economic development and poverty alleviation. The growth of the market can also be attributed to the increasing adoption of renewable energy globally so as to mitigate the negative impact of climate change. According to the statistics by the International Renewable Energy Agency (IRENA), the total renewable energy capacity for electricity around the globe increased from 753288MW in the year 2000 to 2542035MW in the year 2019. Furthermore, increasing government initiatives to promote the adoption of small hydropower, and the rising implementation of the internet of things (IoT) in hydropower electricity generation, are some of the factors anticipated to create numerous opportunities for market growth in the coming years.
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Global Small Hydropower (SHP) Market Regional Synopsis
Regionally, the global small hydropower (SHP) market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. The market in the Asia Pacific is anticipated to garner the largest revenue of USD 2123.1 Million by the end of 2031, up from a revenue of USD 1761.2 Million in the year 2021. One of the major factors anticipated to drive the growth of the market in the region is the growing installed renewable energy capacity throughout the years, and therefore the rise in demand for SHPs. In the other statistics by IRENA, out of all the regions worldwide, Asia registered to have the highest renewable energy capacity for electricity. The region witnessed growth in electricity capacity from 171471MW in the year 2000 to 1123348MW in the year 2019.
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The market in the region is further segmented by country into China, India, Japan, Vietnam, and the Rest of Asia Pacific. The market in China is anticipated to garner the largest revenue of USD 1764.0 Million by the end of 2031, up from a revenue of USD 1511.4 Million in the year 2021. The market in Vietnam, on the other hand, is expected to grow with the highest CAGR of 4.2% during the forecast period.
Growth Drivers and Challenges Impacting the Growth of the Global Small Hydropower (SHP) Market
Growth Drivers
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Rising focus of Government of Nations Worldwide for Rural Area Electrification
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Surge in Adoption of Renewable Energy
Challenges
- Requirement of Indigenous Technologies and Skilled Workforce
Global Small Hydropower (SHP) Market Segmentation Synopsis
The global small hydropower (SHP) market is segmented by capacity into up to 1MW, 1-10MW, and others. Out of these, the 1-10MW segment is anticipated to garner the largest revenue of USD 2419.5 Million by the end of 2031, up from a revenue of USD 1955.3 Million in the year 2021. By type, the market is segmented into micro hydropower, and mini-hydropower, out of which, the micro hydropower segment is projected to grow with the highest CAGR of 2.7% during the forecast period. By end-user, the market is segmented into commercial, utility-scale, and others. Out of these, the utility-scale segment is anticipated to garner the largest revenue of USD 2182.7 Million by the end of 2031, up from a revenue of USD 1801.1 Million in the year 2021.
Key Companies Dominating the Market
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global small hydropower market that are included in our report are Siemens Energy, Toshiba Energy Systems & Solutions Corporation, LITOSTROJ POWER d.o.o., General Electric Company, CORNELL PUMP COMPANY, Canyon Hydro, ANDRITZ AG, HARBIN ELECTRIC MACHINERY COMPANY LIMITED, Bharat Heavy Electricals Limited, Kirloskar Brothers Limited, JAG Energy Co., Ltd., NiX CO., LTD., Tokyo Electric Power Company Holdings, Inc., and others.
Latest Developments in the Global Small Hydropower (SHP) Market:
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September 14th, 2021: Toshiba Energy Systems & Solutions Corporation announced that two of its subsidiaries, Toshiba Asia Pacific Indonesia (TAPI), based out of Indonesia, and Toshiba Hydro Power (Hangzhou) Co., Ltd., based out of China, has won a major order for the supply of four hydro turbines for the Kerinci Merangin Hydro Electric Power Plant, located at Sumatra Island, Indonesia.
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December 6th, 2017: General Electric Company announced that the hydropower business of GE Renewable Energy has been selected for the supply of two small hydropower plants by ATIAIA ENERGIA S.A. which is to be deployed at Brazil’s Indaia Grande river (Areado plant) and Sucuriu river (Bandeirante plant).
Key Reasons to Buy Our Report
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The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.
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It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.
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The report includes detailed company profiles of the major players dominating the market.
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We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.
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1. Market Definition
1.1. Definition
1.2.Market Segmentation
2. Assumptions and Acronyms
3. Research Methodology
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
4. Executive summary – Global Small Hydropower Market
5. Market Dynamics
5.1. Drivers
5.2. Challenges
5.3. Trends
5.4. Opportunities
6. Regulatory & Standards Landscape
7. Industry Risk Analysis
8. Pricing Analysis of Global Small Hydropower Market
9. Value Chain Analysis
10. Impact of COVID-19 on the Global Small Hydropower Market
11. Competitive Landscape
11.1. Market Share Analysis, 2021
11.2. Competitive Benchmarking
11.3. Company Profiles
11.3.1. Siemens Energy
11.3.1.1. Detailed Overview
11.3.1.2. Assessment of Key Offering
11.3.1.3. Predictive Strategies & Positioning vs. Current Positioning
11.3.1.4. Analysis of Growth Strategies
11.3.1.5. Exhaustive Analysis on Key Financial Indicators
11.3.1.6. Recent Developments
11.3.2. Toshiba Energy Systems & Solutions Corporation
11.3.3. LITOSTROJ POWER d.o.o.
11.3.4. General Electric Company
11.3.5. CORNELL PUMP COMPANY
11.3.6. Canyon Hydro
11.3.7. ANDRITZ AG
11.3.8. HARBIN ELECTRIC MACHINERY COMPANY LIMITED
11.3.9. Bharat Heavy Electricals Limited
11.3.10. Kirloskar Brothers Limited
11.3.11. JAG Energy Co., Ltd.
11.3.12. NiX CO., LTD.
11.3.13. Tokyo Electric Power Company Holdings, Inc.
12. Global Small Hydropower Market
12.1. Market Overview
12.2. Market Size (2021-2031)
12.3. Market Segmentation by:
12.3.1. Capacity
12.3.1.1. Up to 1MW, 2021-2031F (USD Million)
12.3.1.2. 1-10MW, 2021-2031F (USD Million)
12.3.1.3. Others, 2021-2031F (USD Million)
12.3.2. Type
12.3.2.1. Micro Hydropower, 2021-2031F (USD Million)
12.3.2.2. Mini Hydropower, 2021-2031F (USD Million)
12.3.3. End-User
12.3.3.1. Commercial, 2021-2031F (USD Million)
12.3.3.2. Utility-Scale, 2021-2031F (USD Million)
12.3.3.3. Others, 2021-2031F (USD Million)
12.3.4. Region
12.3.4.1. North America, 2021-2031F (USD Million)
12.3.4.2. Europe, 2021-2031F (USD Million)
12.3.4.3. Asia Pacific, 2021-2031F (USD Million)
12.3.4.4. Latin America, 2021-2031F (USD Million)
12.3.4.5. Middle East & Africa, 2021-2031F (USD Million)
13. North America Small Hydropower Market
13.1. Market Overview
13.2. Market Size (2021-2031)
13.3. Market Segmentation by:
13.3.1. Capacity
13.3.1.1. Up to 1MW, 2021-2031F (USD Million)
13.3.1.2. 1-10MW, 2021-2031F (USD Million)
13.3.1.3. Others, 2021-2031F (USD Million)
13.3.2. Type
13.3.2.1. Micro Hydropower, 2021-2031F (USD Million)
13.3.2.2. Mini Hydropower, 2021-2031F (USD Million)
13.3.3. End-User
13.3.3.1. Commercial, 2021-2031F (USD Million)
13.3.3.2. Utility-Scale, 2021-2031F (USD Million)
13.3.3.3. Others, 2021-2031F (USD Million)
13.3.4. Country
13.3.4.1. United States
13.3.4.2. Canada
14.Europe Small Hydropower Market
14.1. Market Overview
14.2. Market Size (2021-2031)
14.3. Market Segmentation by:
14.3.1. Capacity
14.3.2. Type
14.3.3. End-User
14.3.4. Country
14.3.4.1. Italy
14.3.4.2. Norway
14.3.4.3. France
14.3.4.4. Spain
14.3.4.5. Germany
14.3.4.6. Austria
14.3.4.7. Sweden
14.3.4.8. Switzerland
14.3.4.9. Russia
14.3.4.10. Bulgaria
14.3.4.11. Rest of Europe
15. Asia Pacific Small Hydropower Market
15.1. Market Overview
15.2. Market Size (2021-2031)
15.3. Market Segmentation by:
15.3.1. Capacity
15.3.2. Type
15.3.3. End-User
15.3.4. Country
15.3.4.1. China
15.3.4.2. Vietnam
15.3.4.3. Japan
15.3.4.4. India
15.3.4.5. Rest of Asia Pacific
16.Latin America Small Hydropower Market
16.1. Market Overview
16.2. Market Size (2021-2031)
16.3. Market Segmentation by:
16.3.1. Capacity
16.3.2. Type
16.3.3. End-User
16.3.4. Country
16.3.4.1. Brazil
16.3.4.2. Chile
16.3.4.3. Mexico
16.3.4.4. Rest of Latin America
17. Middle East & Africa Small Hydropower Market
17.1. Market Overview
17.2. Market Size (2021-2031)
17.3. Market Segmentation by:
17.3.1. Capacity
17.3.2. Type
17.3.3. End-User
17.3.4. Country
17.3.4.1. Turkey
17.3.4.2. Armenia
17.3.4.3. Georgia
17.3.4.4. Rest of Middle East & Africa
Frequently Asked Question
The market is segmented by capacity, type, end-user, and by region.
The 1-10MW segment is anticipated to garner the largest revenue of USD 2419.5 Million by the end of 2031 and display significant growth opportunities.
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Report ID: 10352377 |
Published Date: 21 Mar 2025 |
Report Format: |
Delivery Timeline: 48-72 Business Hours
