Global Small Hydropower (SHP) Market Analysis 2021-2031

The global small hydropower (SHP) market is anticipated to grow with a CAGR of 2.1% over the forecast period, i.e., 2022 - 2031. Factors such as the increasing concern for GHG emissions generated during the production of electricity from non-renewable resources, which is raising the need for the adoption of renewable energy, followed by the increasing number of initiatives by the government of nations that promote the adoption of SHPs are anticipated to drive the market growth. Additionally, increasing focus of the government of nations on expanding the reach of electrification to rural areas and the numerous benefits associated with SHPs are expected to contribute to the market growth in the years to come. The global small hydropower (SHP) market is estimated to garner a revenue of about USD 3060 Million by the end of 2031. Additionally, in the year 2021, the market generated a revenue of near to USD 2500 Million.

The global small hydropower (SHP) market is segmented into numerous segments, which include segmentation by capacity, type, end-user, and by region. Based on capacity, the market is segmented into up to 1MW, 1-10MW, and others. By the end of 2031, the 1-10MW segment is anticipated to garner the largest revenue of near to USD 2420 Million, up from a revenue of about USD 1950 Million in the year 2021.

On the basis of regional analysis, the global small hydropower (SHP) market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the Asia Pacific, out of the market in all the other regions, is anticipated to garner the largest revenue of around USD 2120 Million by the end of 2031, up from a revenue of more than USD 1760 Million in the year 2021.

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.