According
to a recent market research report published by Transparency Market
Research, the global small hydropower market is estimated to expand
at a CAGR of 2.85% during the period between 2015 and 2023. The
report, titled “Small Hydropower Market, by installed capacity -
Global Industry Analysis, Size, Share, Growth Trends, and Forecast,
2015 - 2023”, projects the installed capacity of the global small
hydropower market to reach 146.65 GW by 2023. The installed capacity
of the overall market stood at 110.77 GW in 2014.
In-depth
research report on Small
Hydropower Market with
Full TOC at :
http://www.transparencymarketresearch.com/small-hydropower-market.html
Small
hydropower or SHP offers an emission-free and efficient renewable
source of electricity that can be used on-grid as well as off-grid.
Small hydro is often constructed with the help of existing dams or
built along a river. A small hydropower system constitutes of
generators, transformers, turbines, and reservoirs. Small hydropower
plants are well suited for rural areas where there is no large-scale
infrastructure for electricity distribution and transmission. Growing
demand for electricity generated from renewable resources has boosted
the global small hydropower market.
Hydroelectric
energy is the cleanest form of energy, as it does not release any
harmful emissions. This has propelled the generation of hydroelectric
energy across nations and, in turn, has fuelled the expansion of the
global small hydropower market. Presently, hydropower accounts for
about 20% of the total electricity supply worldwide. The upper limit
for hydropower varies across countries. For example, in Canada,
hydropower ranges up to 50 MW while in Brazil it ranges up to 30 MW.
10 MW total hydropower capacity is the general standard across the
globe. However, the plant load factor and capacity utilization for
small hydropower plants are high.
The
report studies the global small hydropower market across five key
regions: Asia Pacific, North America, Europe, the Middle East and
Africa, and South and Central America. In 2014, Asia Pacific was the
largest market for small hydropower and held a 70.3% market share.
China leads the overall region in terms of number of small hydropower
installations and total power generated from them, followed by India
and Japan. The Chinese government has been promoting the installation
of small hydropower by offering incentives and tax credits. Europe
emerged as the second largest market for small hydropower in 2014.
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Inquiry About Report :
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=7730
In
Europe, Italy leads the market owing to well-structured policies and
large funding for market development. North America was the third
largest small hydropower market in 2014 with the U.S. and Canada as
the leading countries. During the forecast horizon, the market in the
Middle East and Africa is anticipated to grow rapidly owing to the
growing demand for electricity across countries such as Nigeria,
Egypt, and Kenya.
Describing
the competitive landscape of the market, the report profiles some of
the key players in the global small hydropower market, such as Voith
GmbH, Ontario Power Generation Inc., ALSTOM, Siemens AG, Agder Energi
AS, StatKraft, Andritz Hydro GmbH, RusHydro, BC Hydro, and Fortum
Oyj. The report offers insightful details about the key players
including their financial overview, business strategies, and recent
developments.
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
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Transparency
Market Research (TMR) is a global market intelligence company
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and analyze information.
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employs rigorous primary and secondary research techniques to develop
distinctive data sets and research material for business reports.
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