Global Small Hydropower Market: China to Lead in APAC Region

Region-wise, the global small hydropower market is divided into Europe, North America, Asia Pacific, South and Central America, and the Middle East and Africa. In 2014, Asia Pacific stood out as the largest market for small hydropower in the world and held a share of 70.3%. In terms of SHP (small hydropower) installations, China is leading the small hydropower market in APAC, followed by India and Japan.

China has been so successful in the small hydropower sector that its implementation model is being used by many developing countries to expand their small hydropower capacity in order to address their own energy issues. In the past, construction of small hydropower in China was initially aimed to supply electricity for mountainous regions in collaboration with small-scale water conservancy projects. However, in the past decades, the SHP sector in China has flourished and attracted a significant amount of attention from the UN.

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Rising Installed Capacity of SHP to Drive China Market

The resources to develop SHP in China are massive. The installed SHP capacity in China is concentrated mostly in Guangdong and 20 other provinces and cities, which account for around 60% of the country’s capacity. During the 12th Five-Year Plan, China planned to add approximately 160GW of hydropower with around 40GW of pumped storage capacity. This is projected to drive the capacity and efficiency of hydropower in many areas of the country. By the end of 2015, around five SHP provinces with 3GW and five SHP provinces with 5GW capacity will be completed.

This demonstrates the positive momentum of the small hydropower market in China. This, in turn, will drive the overall small hydropower market. The China small hydropower market benefits greatly from the favorable policies implemented by the Chinese government. The government in China promotes the small hydropower sector by providing tax credits and incentives.

Underutilization and Environmental Issues to Challenge China Small Hydropower Market

Although China will continue to register strong growth in small hydropower, it will be challenged by several issues. The China small hydropower market is facing two key issues: environmental impact of SHP and the underutilization of resources in the country. China has vast potential to develop in this sector.

Presently, small stations in China are lagging far behind other developed nations. Italy is leading the small hydropower market in Europe due to its well-structured policies and large funding for market development. In North America, the small hydropower market is led by the U.S. and Canada due to their major SHP installations. The environmental impact of small hydropower stations in China such as soil erosion is also suppressing the development of this sector.

To overcome these issues, China is focusing more on scientific planning and management to reduce the impact of SHP on the environment and boost its installed capacity of small hydropower stations.

Small Hydropower in 21st century -cutting-edge technology, industry survey and new business opportunities by 2023.

Small hydropower (SHP) has no standard international denomination and its upper limit varies from country to country. For example, in Canada it ranges up to 50 MW and in Brazil it ranges up to 30 MW; however, 10 MW total capacity is generally accepted worldwide. SHP is the development of hydroelectric power on a small scale to serve a small community or an industrial plant and provide off-grid and on-grid electricity generation capability. Small hydropower systems convert the energy in flowing water to electricity by using a turbine coupled to a generator. Small hydropower plants are ideal for rural areas, where there is no availability of grid. Hydroelectric energy is the cleanest form of renewable generation as it does not release any harmful gases, carbon dioxide, and other pollutants which directly or indirectly affect the environment.

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The global small hydropower market. According to the report, the global small hydropower market is set to expand at a slow pace, exhibiting a 2.85% CAGR in the period from 2015 to 2023. The total installed capacity of small hydropower, which was 110.77 GW in 2014, is expected to rise to 146.65 GW by 2023 ,Demand for clean and renewable source of energy has led to the development of the small hydropower market. Since small hydropower requires minimal reservoirs and civil construction work it has very low or no negative impact on the environment. The market for small hydropower has been rapidly expanding, predominantly due to government incentives and subsidies.

The small hydropower market has been analyzed in terms of installed capacity (GW). Additionally, the market has been segmented on the basis of geography. The Asia Pacific region held the largest share of 70.3% of the market for small hydropower in 2014. High hydropower potential, tax incentives, and increasing demand for off-grid electricity are some of the drivers for SHP installations.

In terms of geography, the small hydropower market has been segmented into five regions: North America, Asia Pacific, Europe, Middle East and Africa, and South and Central America. Asia Pacific was the largest market for small hydropower, accounting for 70.3% of the global market in 2014. China is the leader in terms of SHP installations, followed by India and Japan. The Government of China has been promoting small hydropower by offering tax credits and incentives. Europe was the second-largest market for SHP in 2014. Italy spearheads the small hydropower market in Europe with well-structured policies and large funding for market development. North America was the third-largest market for small hydropower, in terms of market share, in 2014. The U.S. and Canada are the leading countries with major SHP installations. The market in Middle East and Africa is expected to witness significant growth in the near future, with increase in electricity demand from renewable energy across Kenya, Nigeria, and Egypt

Small Hydropower Market, by installed capacity - Global Industry Analysis, Size, Share, Growth Trends, and Forecast, 2015 - 2023

A research report on the global small hydropower market for published by Transparency Market Research (TMR), estimates the market to expand at a CAGR of 2.85% during the period from 2015 and 2023. In 2014, the market stood at 110.77 GW in terms of installed capacity. Analysts expect this market to reach an installed capacity of 146.65 GW by the end of the forecast period.The research report is titled “Small Hydropower Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast, 2015 - 2023.”

Small hydropower refers to hydroelectric power plant with a very small installed capacity. Although the upper limit of installed capacity of these power plants varies from country to country, small hydropower with an installed capacity of equal to or less than 10 MW is mostly utilized across the world. The emission-free, efficient, renewable energy, which can be utilized on-grid as well as off-grid, produced by small hydropower is boosting its popularity remarkably in the global arena.

Small hydropower plants are ideal for remote areas with no infrastructure to support electricity transmission. This factor is significantly driving growth of the small hydropower market, worldwide, states the report.

The research report studies the global market for small hydropower on the basis of its regional spread. North America, South and Central America, Asia Pacific, Europe, and the Middle East and Africa have been identified as the key regional markets for small hydropower. In 2014, Asia Pacific led the global market with a share of 70.3%. Europe emerged second in the overall market that year and was closely followed by North America.

China dominates the small hydropower market in Asia Pacific and is followed by Japan and India. Various initiatives of the Government of China such as tax credits and incentives for the installation of small hydropower systems are driving the China market for small hydropower.

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The Europe small hydropower market has been led by Italy since the last few years. The trend is expected to continue during the forecast period. The implementation of well-structured policies and high investments to increase research and development activities in the field of small hydropower are likely to stimulate the market in Italy over the next few years.

The U.S. and Canada are leading the North America market for small hydropower and Nigeria, Kenya, and Egypt are driving the market in the Middle East and Africa. The increasing demand for electricity is likely to propel the Middle East and Africa small hydropower market significantly during the forecast period, notes the research study.

Analysts have also studied this market taking its competitive landscape into consideration. The profiles of major players functioning in this market have been evaluated to determine the current market hierarchy. Voith GmbH, Alstom, Ontario Power Generation Inc., Fortum Oyj, StatKraft, BC Hydro, Andritz AG, Agder Energi AS, RusHydro, and Siemens AG are the leading market participants profiled in this research report.

The global small hydropower market is segmented into:

By Region

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South and Central America

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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Global Small Hydropower Market to Exhibit a Moderate CAGR of 2.85% from 2015 to 2023

Transparency Market Research (TMR) has published a new market study on the global small hydropower market. According to the report, the global small hydropower market is set to expand at a slow pace, exhibiting a 2.85% CAGR in the period from 2015 to 2023. The total installed capacity of small hydropower, which was 110.77 GW in 2014, is expected to rise to 146.65 GW by 2023. The report is titled “Small Hydropower Market, by installed capacity - Global Industry Analysis, Size, Share, Growth Trends, and Forecast, 2015 - 2023” and contains fruitful information on the global small hydropower market. The report provides a broad perspective and analysis of the key companies in the market, along with data about the market’s competitive landscape. It analyzes the market dynamics and offers a comprehensive industry analysis along with the industry trends and growth opportunities.

Small hydropower is the development of hydroelectric power on a smaller scale, serving a smaller community or a small industrial plant. Small hydropower can be connected to conventional electrical distribution networks and serve as a source of low-cost renewable energy. They can be used in isolated or remote areas where there is no electrical distribution network. One of the major benefits of small hydropower is its relatively lower impact on the environment. SHP or small hydropower is thus an efficient and emission-free renewable source of electricity and can be used for both on-grid and off-grid applications.

Constructed using existing dams or the flow of rivers, SHP systems comprise generators, turbines, transformers, and reservoirs. The market is driven by the adoption of SHP systems in rural areas, where there is no infrastructure, such as electricity distribution and transmission lines. Another major reason why SHP is being adopted is the fact that the energy produced by small hydropower systems is the cleanest form of renewable electricity and does no harm to the environment by releasing harmful gases or pollutants. These are the factors that are driving the small hydropower market.

The report segments the small hydropower market on the basis of region into South and Central America, North America, Asia Pacific, Europe, and the Middle East and Africa. Out of these regions, 70% of the global market for small hydropower was held by Asia Pacific in 2014, wherein China ranked first in terms of SHP installations, closely followed by India and Japan. The growth of the SHP market in China can be attributed to initiatives taken by the government to promote small hydropower by means of extending tax credits and incentives.

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Europe turned out to be the second largest market for SHP in 2014 and was led by Italy, which benefitted from the large funding available for the development of small hydropower systems as well as the well-structured energy policies in the country. North America was the third largest market in 2014 and was led by the U.S.A. and Canada, which held the maximum number of SHP installations. The report forecasts that the market in the MENA region will witness significant growth in the future due to the high demand for renewable energy from countries such as Egypt, Kenya, and Nigeria.

The leading players in the small hydropower market are: ANDRITZ HYDRO GmbH, Voith GmbH, Alstom S.A., StatKraft AS, and BC Hydro.

The global Small Hydropower market has been segmented as follows:

Small Hydropower Market: By Region

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South and Central America

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insights for decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, TMR employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact

Mr.Sudip S

90 State Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: http://www.transparencymarketresearch.com