Micro Hydropower Market by Plant Type (In-Stream Technologies, Pumped Storage Hydro (PSH), Run-of-River (RoR)), Component (Control System, Generator, Intake Structure), Application - Global Forecast 2024-2030

Micro Hydropower Market by Plant Type (In-Stream Technologies, Pumped Storage Hydro (PSH), Run-of-River (RoR)), Component (Control System, Generator, Intake Structure), Application - Global Forecast 2024-2030


The Micro Hydropower Market size was estimated at USD 1.95 billion in 2023 and expected to reach USD 2.05 billion in 2024, at a CAGR 5.65% to reach USD 2.86 billion by 2030.

Global Micro Hydropower MarketMicro hydropower refers to generating electricity on a small scale by converting energy from flowing water into electricity, typically serving a small community or a rural area. These systems usually have a power capacity of up to 100 kilowatts. They harness energy without the need for large dams or extensive infrastructure developments, often by using existing water flows such as those in streams or small rivers. This form of renewable energy is noteworthy for its reduced environmental impact and potential to contribute to rural electrification in off-grid areas. Micro hydropower systems provide a renewable and reliable form of energy that is especially beneficial for rural or isolated communities. Unlike larger hydroelectric projects, these systems have a smaller footprint, leading to less environmental impact and a more localized approach to energy production. The rising demand for renewable energy sources, supportive government policies, and increased awareness of sustainable energy practices may increase the adoption of micro hydropower. However, Environmental concerns surrounding the potential impacts on aquatic ecosystems and the need for regular maintenance may hinder the market adoption. Nevertheless, developing advanced, cost-effective turbines that can operate efficiently at low water flow rates and integrating MHP with smart grid and microgrid solutions presents a significant opportunity for market growth.Regional InsightsThe Americas showcase a growing interest in micro hydropower as an alternative and renewable energy source, particularly for remote, off-grid communities. Consumer needs in the Americas are geared toward sustainable and cost-effective energy sources due to heightened environmental awareness and rising electricity costs. Furthermore, customer purchasing behavior indicates a preference for green technologies, driving investments in micro hydropower R&D. Small-scale hydro projects benefit from incentives such as investment tax credits promoting micro hydropower system installations in the Americas. Given the bloc's commitments to reducing carbon emissions and transitioning to a greener economy, EU countries strongly focus on renewable energies. As a result, the demand for micro hydropower in Europe is motivated by both environmental policies and consumers' desire for clean energy. Furthermore, the EU's support for cross-border renewable energy projects stimulates the micro hydropower industry's growth. On the other hand, in the Middle East and Africa, micro hydropower is gaining momentum primarily as a means of rural electrification and sustainable development. Moreover, initiatives such as the Rural Electrification Agency's projects in Uganda demonstrate the commitment to reducing energy poverty through micro hydropower systems. The Asia Pacific region represents a significant market for micro hydropower due to extensive river systems and heightened energy demands. Furthermore, the a need for electrification in remote areas, with government policies facilitating the uptake of renewable energies, including small-scale hydro projects. Across the Asia Pacific, the shift towards green energy and reliability illustrates the regional trends in customer purchasing behavior.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Micro Hydropower Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Micro Hydropower Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Micro Hydropower Market, highlighting leading vendors and their innovative profiles. These include Andritz AG, BC Hydro, Bharat Heavy Electricals Limited, Blue World Power Energy and Resources, Canyon Industries, Inc., Dulas Ltd, Gamesa Electric, S. A., General Electric Company, Hartvigsen Hydro, Heidra Ltd, Hydrocoil Power, Inc., Innergex Renewable Energy, Kirloskar Brothers Limited, Natel Energy, Inc., Siemens Energy AG, SNC Lavalin Group, Suneco Hydro, Toshiba corporation, Voith GmbH & Co. KGaA, and Voltalia.

Market Segmentation & Coverage

This research report categorizes the Micro Hydropower Market to forecast the revenues and analyze trends in each of the following sub-markets:

Plant Type
In-Stream Technologies
Pumped Storage Hydro (PSH)
Run-of-River (RoR)
Storage (Reservoir-Based)
Component
Control System
Generator
Intake Structure
Load Controller
Penstock
Transformers
Turbine
Application
Commercial
Industrial
Residential
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Micro Hydropower Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Micro Hydropower Market?
3. What are the technology trends and regulatory frameworks in the Micro Hydropower Market?
4. What is the market share of the leading vendors in the Micro Hydropower Market?
5. Which modes and strategic moves are suitable for entering the Micro Hydropower Market?

Note: PDF & Excel + Online Access - 1 Year


1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Micro Hydropower Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Growing applicability of hydropower in commercial and industrial sectors
5.1.1.2. Rising awareness of sustainable energy practices worldwide
5.1.2. Restraints
5.1.2.1. High cost associated with the installation of micro hydropower
5.1.3. Opportunities
5.1.3.1. Technological advancements in micro hydropower components
5.1.3.2. Significant government investments for micro hydropower projects
5.1.4. Challenges
5.1.4.1. Environmental concerns surrounding the potential impacts on aquatic ecosystems and the need for regular maintenance
5.2. Market Segmentation Analysis
5.2.1. Plant Type: Proliferating utilization of in-stream technologies as it provides power with less alteration to existing waterways
5.2.2. Component: Significant usage of turbines as they convert the water's potential and kinetic energy into mechanical rotational energy
5.2.3. Application: Evolving applications of micro hydropower in the industrial sector
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. Micro Hydropower Market, by Plant Type
6.1. Introduction
6.2. In-Stream Technologies
6.3. Pumped Storage Hydro (PSH)
6.4. Run-of-River (RoR)
6.5. Storage (Reservoir-Based)
7. Micro Hydropower Market, by Component
7.1. Introduction
7.2. Control System
7.3. Generator
7.4. Intake Structure
7.5. Load Controller
7.6. Penstock
7.7. Transformers
7.8. Turbine
8. Micro Hydropower Market, by Application
8.1. Introduction
8.2. Commercial
8.3. Industrial
8.4. Residential
9. Americas Micro Hydropower Market
9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States
10. Asia-Pacific Micro Hydropower Market
10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam
11. Europe, Middle East & Africa Micro Hydropower Market
11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom
12. Competitive Landscape
12.1. FPNV Positioning Matrix
12.2. Market Share Analysis, By Key Player
12.3. Competitive Scenario Analysis, By Key Player
12.3.1. Agreement, Collaboration, & Partnership
12.3.1.1. S. Korean Firm Partners With Kyrgyz Special Purpose Company To Kick-Start Micro Hydro Power Generation Business
12.3.2. New Product Launch & Enhancement
12.3.2.1. VerdErg Launches new Low-Cost Micro Hydropower Product
12.3.3. Award, Recognition, & Expansion
12.3.3.1. Arunachal Pradesh Government Plans to Build 50 Mini Hydropower Projects Along Border With China
13. Competitive Portfolio
13.1. Key Company Profiles
13.1.1. Andritz AG
13.1.2. BC Hydro
13.1.3. Bharat Heavy Electricals Limited
13.1.4. Blue World Power Energy and Resources
13.1.5. Canyon Industries, Inc.
13.1.6. Dulas Ltd
13.1.7. Gamesa Electric, S. A.
13.1.8. General Electric Company
13.1.9. Hartvigsen Hydro
13.1.10. Heidra Ltd
13.1.11. Hydrocoil Power, Inc.
13.1.12. Innergex Renewable Energy
13.1.13. Kirloskar Brothers Limited
13.1.14. Natel Energy, Inc.
13.1.15. Siemens Energy AG
13.1.16. SNC Lavalin Group
13.1.17. Suneco Hydro
13.1.18. Toshiba corporation
13.1.19. Voith GmbH & Co. KGaA
13.1.20. Voltalia
13.2. Key Product Portfolio
14. Appendix
14.1. Discussion Guide
14.2. License & Pricing
FIGURE 1. MICRO HYDROPOWER MARKET RESEARCH PROCESS
FIGURE 2. MICRO HYDROPOWER MARKET SIZE, 2023 VS 2030
FIGURE 3. MICRO HYDROPOWER MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. MICRO HYDROPOWER MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. MICRO HYDROPOWER MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. MICRO HYDROPOWER MARKET DYNAMICS
FIGURE 7. MICRO HYDROPOWER MARKET SIZE, BY PLANT TYPE, 2023 VS 2030 (%)
FIGURE 8. MICRO HYDROPOWER MARKET SIZE, BY PLANT TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. MICRO HYDROPOWER MARKET SIZE, BY COMPONENT, 2023 VS 2030 (%)
FIGURE 10. MICRO HYDROPOWER MARKET SIZE, BY COMPONENT, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. MICRO HYDROPOWER MARKET SIZE, BY APPLICATION, 2023 VS 2030 (%)
FIGURE 12. MICRO HYDROPOWER MARKET SIZE, BY APPLICATION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. AMERICAS MICRO HYDROPOWER MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 14. AMERICAS MICRO HYDROPOWER MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. UNITED STATES MICRO HYDROPOWER MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 16. UNITED STATES MICRO HYDROPOWER MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. ASIA-PACIFIC MICRO HYDROPOWER MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 18. ASIA-PACIFIC MICRO HYDROPOWER MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. EUROPE, MIDDLE EAST & AFRICA MICRO HYDROPOWER MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 20. EUROPE, MIDDLE EAST & AFRICA MICRO HYDROPOWER MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. MICRO HYDROPOWER MARKET, FPNV POSITIONING MATRIX, 2023
FIGURE 22. MICRO HYDROPOWER MARKET SHARE, BY KEY PLAYER, 2023

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