The
global small hydropower market installed capacity stood at 110.77 GW
in 2014 and is projected to reach 146.65 GW by 2023 at a CAGR of
2.85% from 2015 to 2023.
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Small Hydropower Market Report with Full TOC at :
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Small
Hydropower (SHP) offers an efficient, emission-free renewable source
of electricity which can be used off-grid as well as on-grid. Small
hydro is often constructed using existing dams or built with the flow
of river known as run of river. Typically, SHP systems consist of
transformers, generators, turbines, and reservoirs. Small hydropower
plants are ideal for rural areas where there is no electricity
infrastructure, such as transmission and distribution lines.
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. It
has no 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. Capacity utilization and plant load
factor for small hydropower plants are high when compared to other
renewable sources of energy.
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
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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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