Small Hydropower Market

Small Hydropower Market by Capacity (Up to 1 MW, 1–10 MW), Type (Micro Hydropower, Mini Hydropower), Components (Electromechanical Equipment, Electric infrastructure, Civil Works), and Region - Global Forecast to 2024

Report Code: EP 7427 Nov, 2019, by marketsandmarkets.com

[180 Pages Report] The global small hydropower market is projected to reach USD 3.0 billion by 2024 from an estimated market size of USD 2.6 billion in 2019, at a CAGR of 2.4% during the forecast period. The factors driving the market include the application of small hydropower projects for rural electrification, financial incentives, and policy initiatives, and investments in hydropower projects in response to climate change.

Small Hydropower Market

The 1–10 MW segment is expected to be the largest market during the forecast period

The small hydropower market, by capacity, is segmented into Up to 1 MW and 1–10 MW. The 1–10 MW segment is projected to be the most abundant small hydropower, by capacity, market during the forecast period. This higher share of 1–10 MW plants can be attributed to the small-scale decentralized projects being deployed in developing nations, especially in Asia Pacific, for rural electrification. Asia Pacific dominated the 1–10 MW segment of the small hydropower market.  China, Vietnam, and India account for the significant share of the small hydropower installations in this region. The demand for small hydropower is driven by increasing investments for rural electrification in these countries.

The Mini Hydropower segment is expected to be the most significant contributor to the Small hydropower market, by type, during the forecast period

The small hydropower market, by type, is segmented into Mini Hydropower, and Micro Hydropower segments. The Mini hydropower segment is expected to lead the small hydropower market during the forecast period.  Installations in the mini-hydropower segment are largely driven rural electrification. China led the way in installing small hydropower plants for rural electrification. In developed countries such as the US and Norway, the installations are to increase the renewable energy share in the nation’s energy mix.

The civil works segment is expected to hold the largest share of the small hydropower market during the forecast period

The small hydropower market, by component, is segmented into electromechanical equipment, electric infrastructure, civil works, and others, which includes engineering, structural, management, environmental mitigation, and project development. The public works segment is expected to be the largest segment during the forecast period. Civil works account for the significant share of project costs in all small hydropower projects. To properly guide the water on to turbines and to increase the water head, civil structures such as weirs are constructed. These simple public structures are cheaper than those in large hydropower plants, but they constitute a large share of the total project cost in small hydropower plants.

Small Hydropower Market

Asia Pacific is expected to be the largest small hydropower market during the forecast period

In this report, the small hydropower market has been analyzed concerning 5 regions, namely, Asia Pacific, North America, Europe, South America, and the Rest of the World. The Asia Pacific is estimated to be the largest market from the global small hydropower market from 2019 to 2024. China, Vietnam, and India are the world’s fastest-growing economies, contributing mainly to the Asia Pacific market. The Asia Pacific market is expected to grow during the forecast period owing to the investments in rural electrification and off-grid energy generation.

Key Market Players

The major players in the global small hydropower market, such as Voith(Germany), ANDRITZ(Austria), GE Renewable Energy(France), Toshiba(Japan), Siemens(Germany), BHEL(India), Gilbert Gilkes & Gordon(UK), and Flovel(India).

Voith (Germany) is a critical player in this market. The company’s recent Investments & Expansions as part of its organic business strategy is expected to increase its clientele base globally. Voith has recently opened subsidiaries in East Africa and Australia to aid further growth in these regions. In September 2019, the company opened its sales office in Nepal. In June 2019, the company opened a new production facility in Russia to manufacture and supply products for large and small hydropower markets.

ANDRITZ (Austria) is another major player in the small hydropower market. As part of its inorganic growth strategy, the company has acquired HMI Canada, a company with expertise in repair and modernization of hydropower plants. ANDRITZ won contracts and successfully delivered complete water-to-wire package or key components for several small hydropower projects such as Nkula A, Assiut barrage. The company recently won a contract to supply key elements for three small hydropower plants in Nepal.

Scope of the Report

Report Metric

Details

Market size available for years

2017–2024

Base year considered

2018

Forecast period

2019–2024

Forecast units

Value (USD)

Segments covered

capacity, type, component, and region

Geographies covered

Asia Pacific, North America, Europe, South America, and Rest of the World

Companies covered

Voith (Germany), ANDRITZ (Austria), GE Renewable Energy (France), Siemens (Germany), Toshiba (Japan), BHEL (India), SNC-Lavalin (Canada), HNAC Technology (China), Gilbert Gilkes & Gordon Ltd(UK), Mavel (Czech Republic), HM Hydro (Japan), Ganz EEM (Hungary), Kolektor Turboinstitut (Slovenia), Canyon Hydro (US), CKD Blansko (Czech Republic), Canadian Hydro Components(Canada), ATB Riva Calzoni (Italy), Flovel (India), B Fouress (India), and Global Hydro(Austria).

This research report categorizes the small hydropower market by capacity, type, component, and region.

By Capacity:

  • Up to 1 MW
  • 1–10 MW

By Type:

  • Micro Hydropower
  • Mini Hydropower

By Component:

  • Electromechanical Equipment
    • Turbine
    • Generator
    • Other Equipment (includes inlet valves gates, penstock, governors, and auxiliaries)
  • Electric Infrastructure
  • Civil Works
  • Others ( includes engineering, structural, management, environmental mitigation, and project development)

By region:

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Rest of the World

Recent Developments

  • In September 2019, Voith Hydro opened its branch office in Kathmandu, Nepal. Voith Hydro, which had been supplying hydropower equipment to Nepal since 1968, undertook this expansion to build its customer base and provide quality service.
  • In June 2019, Voith’s subsidiary in Russia, VolgaHydro opened a new production plant in Balakovo, Russia. Through this new investment, Voith would carry out activities that include maintenance services and supplying equipment to large and small hydropower plants.
  • In July 2019, GE Renewable Energy started offering modular turbines for micro hydro power, following its recent partnership with Energy. The micro hydropower units were made available in 10 kW and 15 kW sizes and could be combined to offer solutions up to 1 MW.
  • In November 2018, ANDRITZ acquired a 100% stake in HMI Canada, an expert in repair and modernization of hydropower stations. This acquisition would improve ANDRITZ’s service offerings.
  •   In May 2018, Voith Hydro opened a new facility in Ethiopia to coordinate hydropower project development in all nine east African countries. Voith chose Ethiopia as its base of operations in East Africa, given the country's high hydropower potential.

Key Questions Addressed by the Report

  • Which revolutionary technology trends are expected over the next five years?
  • Which elements of the small hydropower market are expected to lead by 2024?
  • Which type of small hydropower is likely to get the maximum opportunity to grow during the forecast period?
  • Which region is expected to lead with the highest market share by 2024?
  • How are companies implementing organic and inorganic strategies to gain an increase in the market share?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction

2 Research Methodology

3 Executive Summary

4 Market Overview
    4.1. Introduction
    4.2. Market Segmentation
           4.2.1. By Type
           4.2.2. By Component
           4.2.3. By Capacity
           4.2.4. By Region
    4.3. Market Dynamics
           4.3.1. Drivers
           4.3.2. Restraints
           4.3.3. Opportunities
           4.3.4. Challenges

5 Global Small Hydropower Market, By Type 
(USD Million - 2017, 2018, 2019-E, 2024-P)  
    5.1. Introduction
    5.2. Mini Hydropower
    5.3. Micro Hydropower

6 Global Small Hydropower Market, By Capacity
(USD Million - 2017, 2018, 2019-E, 2024-P)  
    6.1. Introduction
    6.2. Up to 1 Mw
    6.3. 1–10 Mw

7 Global Small Hydropower Market, By Component 
(USD Million - 2017, 2018, 2019-E, 2024-P)  
    7.1. Introduction
    7.2. Electromechanical Equipment
    7.3. Electric Infrastructure
    7.4. Civil Works
    7.5. Other

8 Global Small Hydropower Market, By Region 
(USD Million - 2017, 2018, 2019-E, 2024-P)  
*(Country Level Information for All the Countries Would Be Same as Mentioned for North American Countries) 
    8.1. North America
           8.1.1. By Type
           8.1.2. By Component
           8.1.3. By Capacity
           8.1.4. By Country
                    8.1.4.1. US*
                               8.1.4.1.1. By Component
                               8.1.4.1.2. By Capacity
                    8.1.4.2. Canada
                    8.1.4.3. Mexico
    8.2. Europe
           8.2.1. By Type
           8.2.2. By Component
           8.2.3. By Capacity
           8.2.4. By Country
                    8.2.4.1. Germany
                               8.2.4.1.1. By Component
                               8.2.4.1.2. By Capacity
                    8.2.4.2. UK
                    8.2.4.3. France
                    8.2.4.4. Italy
                    8.2.4.5. Spain
                    8.2.4.6. Rest of Europe
    8.3. Asia Pacific
           8.3.1. By Type
           8.3.2. By Component
           8.3.3. By Capacity
           8.3.4. By Country
                    8.3.4.1. China
                               8.3.4.1.1. By Component
                               8.3.4.1.2. By Capacity
                    8.3.4.2. Australia
                    8.3.4.3. India
                    8.3.4.4. Japan
                    8.3.4.5. Thailand
                    8.3.4.6. Indonesia
                    8.3.4.7. Malaysia
                    8.3.4.8. the Philippines
                    8.3.4.9. Vietnam
    8.4. South America
           8.4.1. By Type
           8.4.2. By Component
           8.4.3. By Capacity
           8.4.4. By Country
                    8.4.4.1. Brazil
                               8.4.4.1.1. By Component
                               8.4.4.1.2. By Capacity
                    8.4.4.2. Argentina
                    8.4.4.3. Venezeula
                    8.4.4.4. Chile
                    8.4.4.5. Colombia
                    8.4.4.6. Peru
                    8.4.4.7. Bolivia
                    8.4.4.8. Ecuador
    8.5. Rest of the World
           8.5.1. By Type
           8.5.2. By Component
           8.5.3. By Capacity
           8.5.4. By Region
                    8.5.4.1. Middle East
                    8.5.4.2. Africa

9 Competitive Landscape
    9.1. Overview
    9.2. Competitive Landscape
    9.3. Competitive Leadership Mapping
           9.3.1. Terminology/Nomenclature
                    9.3.1.1. Visionary Leaders
                    9.3.1.2. Dynamic Differentiators
                    9.3.1.3. Emerging Companies
                    9.3.1.4. Innovators
           9.3.2. Strength of Product Portfolio
           9.3.3. Business Strategy Excellence
    9.4. Market Share Analysis/Ranking of Key Players, 2018
    9.5. Competitive Scenario
           9.5.1. New Product Launches
           9.5.2. Mergers & Acquisitions

10 Company Profiles
     10.1. Introduction  
     10.2. Voith  
             10.2.1. Business Overview
                        10.2.1.1. Segments Overview
                        10.2.1.2. Geographic Reach
                        10.2.1.3. Manufacturing Bases and Sales Offices Overview
                        10.2.1.4. Top Competitors
             10.2.2. Products & Services
     10.3. Andritz 
     10.4. GE Renewable Energy
     10.5. Siemens
     10.6. Toshiba
     10.7. Bhel
     10.8. Snc-Lavalin
     10.9. Hnac Technology 
     10.10. Gilbert Gilkes & Gordon
     10.11. Mavel
     10.12. HM Hydro
     10.13. GANZ EEM
     10.14. Kolektor Turboinstitut
     10.15. Canyon Hydro
     10.16. CKD Blansko
     10.17. Canadian Hydro Components
     10.18. ATB Riva Calzoni
     10.19. Flovel
     10.20. B Fouress
     10.21. Global Hydro

11 Appendix


 

This study involved four major activities in estimating the current size of the small hydropower market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and market sizing with industry experts across the value chain through rigorous primary research. Both top-down and bottom-up approaches were used to estimate the total market size. The market breakdown and data triangulation techniques were employed to estimate the market size of the segments and the corresponding subsegments.

Secondary Research

This research study involved the use of extensive secondary sources, directories, and databases such as UNCTAD data, industry publications, several newspaper articles, Statista Industry Journal, Factiva, and hydropower journals to identify and collect information useful for a technical, market-oriented, and commercial study of the small hydropower market. The other secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases. 

Primary Research

The small hydropower market comprises several stakeholders such as companies related to the utilities, IPP’s, consulting companies in the energy & power sector, power generation companies, government & research organizations, forums, alliances & associations, small hydropower solution providers, state & national utility authorities, small hydropower component manufacturers, dealers & suppliers, and vendors. The demand side of the market is characterized by utilities and Independent Power producers(IPP’s), investments in areas such as rural electrification, and off-grid generation. Moreover, demand is also driven by the rising interest in renewable energy solutions. The supply side is characterized by the increase in contracts & agreements and mergers & acquisitions among big players. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents is given below:

Small Hydropower Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the size of the global small hydropower market and its dependent submarkets. These methods were also used extensively to determine the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and demand have been identified through extensive secondary research, and their market shares in the respective regions have been determined through both primary and secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size-using the market size estimation processes as explained above-the market was split into several segments and subsegments. To complete the entire market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the small hydropower sector.

Report Objectives

  • To define, describe, and forecast the global small hydropower market based on capacity, type, component, and region
  • To provide detailed information regarding the major factors influencing the growth of the small hydropower market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze the small hydropower market concerning individual growth trends, future prospects, and contributions of each segment to the market
  • To analyze market opportunities for stakeholders and provide details of the competitive landscape for market leaders
  • To benchmark players within the market using the proprietary Vendor DIVE framework, which analyzes the market players on various parameters within the broad categories of business and product strategies
  • To track and analyze competitive developments such as contracts & agreements, expansions, new product developments, and mergers & acquisitions in the small hydropower market

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for this report:

Product Analysis

  • Product Matrix, which provides a detailed comparison of the product portfolio of each company

Company Information

  • Detailed analysis and profiling of additional market players
Report Code
EP 7427
Published ON
Nov, 2019
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