U.S. Small Hydropower Market Growth & Trends
The U.S. small hydropower market size is expected to reach USD 366.5 million by 2030, registering a CAGR of 2.6% from 2025 to 2030. Increasing demand for renewable energy in the U.S. is expected to drive the market over the forecast period. The recent outbreak of COVID-19 has disrupted supply chains and sharply curtailed commodity demand. Restriction in supply and transportation, due to the slowdown or halt in factory operations and partial or nationwide lockdown in the country to restrain the spread of the coronavirus, is expected to have a negative impact on the market growth.
In 2020, the total U.S. conventional hydroelectricity generation was about 291 billion kilowatt-hours (kWh), equivalent to about 7.3% of the total U.S. utility-scale electricity generation. In the same year, there was about 22,894 MW of total pumped-storage hydroelectric generating capacity in 18 states and 5 states combined had 61% of the national total. Companies, such as American Hydro, ANDRITZ, GE Renewable Energy, Voith, and Toshiba, manufactured 92 turbines with capacities of more than 30 MW in the past decade that are installed in the U.S., while more than a dozen companies are serving the demand for small turbines in the country.
U.S. Small Hydropower Market Report Highlights
- The civil construction segment held the dominant position in the market, with the largest revenue share of 32.5% in 2024. Civil construction plays a crucial role in developing small hydropower projects, as it encompasses essential structures such as weirs and dams that guide water to turbines and enhance water head levels.
- The up-to-1 MW capacity segment led the market and accounted for the largest revenue share of 57.6% in 2024, driven by the increasing demand for decentralized energy solutions, particularly in rural areas.
- The mini hydropower (101 kW - 10 MW) segment dominated the market and accounted for the largest revenue share of 63.9% in 2024, driven by its capability to serve larger energy demands while still being more environmentally friendly than traditional large-scale hydroelectric projects.
- Micro hydropower (≤100 kW) is expected to grow at a CAGR of 3.3% over the forecast period, owing to the increasing demand for decentralized energy solutions, particularly in remote and rural areas.
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. U.S. Small Hydropower Market Variables, Trends & Scope
Chapter 4. U.S. Small Hydropower Market: Component Outlook Estimates & Forecasts
Chapter 5. U.S. Small Hydropower Market: Capacity Outlook Estimates & Forecasts
Chapter 6. U.S. Small Hydropower Market: Type Outlook Estimates & Forecasts
Chapter 7. Competitive Landscape
List of Tables
List Of Figures
Companies Mentioned
- ANDRITZ
- Canyon Hydro
- General Electric
- Gilkes
- Mavel, a.s.
- Natel Energy
- Siemens Energy
- SNC-Lavalin Group
- Voith GmbH & Co. KGaA
- Wärtsilä
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 45 |
| Published | December 2024 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 316.7 million |
| Forecasted Market Value ( USD | $ 366.5 million |
| Compound Annual Growth Rate | 2.6% |
| Regions Covered | United States |
| No. of Companies Mentioned | 10 |
