Research Reports
Small Hydropower Market to Reach Capacity of 171 Gw By 2030
Small Hydropower Market to Reach Capacity of 171 Gw By 2030
Published by TMR Research Insights
Posted on August 12, 2021
Global Banking and Finance Review
Company
Published by TMR Research Insights
Posted on August 12, 2021
On the basis of the scale of the project, hydropower projects are typically classified into large and small hydropower projects. Although the criteria are likely to vary in different regions of the world, hydro projects with a capacity ranging from 10 MW to 50 MW are considered to be small hydropower projects.
Due to increasing environmental concerns and demand for sustainable energy production, governments across the world are primarily focusing on increasing investments toward the development of sustainable energy generation projects. In addition, governments in both developed as well developing regions are encouraging small hydropower projects by offering lucrative incentives and project renewal plans– a factor that is expected to aid the growth of the global small hydropower market during the forecast period.
At present, stakeholders operating in the current small hydropower market landscape are highly inclined toward investing in mitigation and research projects to minimize the negative environmental effects of damns on the river flow, fish habitat, and quality of water. In addition, the favorable financial framework is enabling more number of private sector companies to participate in the renewable energy production ecosystem– another factor that is expected to bolster the growth of the global small hydropower market during the assessment period.
Strong expertise with attention to detail makes our market research reports stand apart. Download PDF Brochure –
At the back of these factors, along with the rise in the number of small hydropower projects in several regions of the world, the global small hydropower market is expected to reach a net capacity of 171 GW by the end of 2030.
Request for Covid-19 Impact Analysis on Small Hydropower Market:
Small Hydropower Plants Gain Popularity as Large-scale Projects Continue to Attract Criticism
One of the primary factors that are likely to shape the overall development of the global small hydropower market is climate change. In addition, advancements in technology are also likely to have a strong influence on the overall adoption of small hydropower systems in the upcoming years.
Buy our Premium Research Report on Small Hydropower Market@
Over the past few decades, the environmental damage and social displacement linked with large-scale hydropower projects is a major cause of concern due to which, small hydropower projects have garnered considerable attention. For instance, the development of the Three Gorges dam in China caused the displacement of 1.5 million people and led to the submersion of multiple factories, waste dumps, and mines. Similarly, large-scale hydropower projects in Brazil, Turkey, and Ethiopia, among others, have received opposition for displacing a large number of people.
Although the global push for renewable energy production continues to shift gears at a rapid pace, players operating in the current small hydropower market are seeking innovative ways to minimize the impact of hydropower projects on the surrounding environment. Due to the negative impact on the surrounding environment, governments are also exploring the potential of hydropower to shift from large-scale dams toward the more natural approach leveraging the natural flow of rivers.
At present, run-of-the-river plants are gaining considerable traction and the trend is likely to continue during the assessment period. Novel technologies, including the Industrial Internet of Things (IIoT) are likely to provide a boost to the hydropower industry in the upcoming years.
Stakeholders operating in the current small hydropower market landscape are of the opinion that the digitalization of hydropower could play a key role in minimizing carbon emissions and increase the overall output– saving operational and overhead costs. The tectonic shift toward implementing new technologies is likely to pave the way for smarter and efficient small hydropower plants in the future due to which, the demand for small hydropower is moving in the upward trajectory.
Project Completion and Maintenance Deadlines to Extend amid COVID-19 Pandemic
The COVID-19 pandemic is expected to have a strong impact on the overall growth of the global small hydropower market, especially in 2020. Due to stringent lockdown measures imposed by governments in the second quarter of 2020, the transportation of raw materials and components was largely affected. The repair and maintenance of existing projects and the construction of new projects are expected to witness delays due to the COVID-19 situation. In addition, investments toward small hydropower projects are likely to take a hit in 2020, due to the uncertainty of the market and fluctuating global economy and prices of raw materials. While the demand for sustainable energy is expected to remain high worldwide in the upcoming years, the global small hydropower market is expected to show signs of recovery toward the last two quarters of 2020, as governments continue to lift the lockdown restrictions.
Analysts’ Viewpoint
The global small hydropower market is expected to grow at a moderate CAGR of ~3% during the forecast period. The market growth will be largely driven by the ascending demand for sustainable energy, mounting environmental concerns, rising pollution levels around the world, and benefits of hydropower over other alternatives. Moreover, an increase in government as well as private investments toward the development of small hydropower projects is another major factor that will provide a boost to the growth of the small hydropower market during the assessment period. However, market players should focus on minimizing the impact of small hydropower projects on the surrounding environment and seek new ways to reduce the displacement of large human population.
Small Hydropower Market: Overview
Increase in Demand for Clean Fuel to Drive Small Hydropower Market
Low Generation Cost to Boost Small Hydropower Market
Recent Developments, Expansions, Acquisitions, and New Contracts
Asia Pacific to Dominate Small Hydropower Market
Highly Competitive Small Hydropower Market
Energy & Natural Resources-Industry battles Tangible Impact of Economic and Cultural changes, Stay Updated on the Latest Trends in Energy & Natural Resources -market@
https://www.transparencymarketresearch.com/energy-market-reports-3.html
About Us
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY – 12207
United States
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Follow Us: Twitter | LinkedIn
Blog: https://tmrblog.com
On the basis of the scale of the project, hydropower projects are typically classified into large and small hydropower projects. Although the criteria are likely to vary in different regions of the world, hydro projects with a capacity ranging from 10 MW to 50 MW are considered to be small hydropower projects.
Due to increasing environmental concerns and demand for sustainable energy production, governments across the world are primarily focusing on increasing investments toward the development of sustainable energy generation projects. In addition, governments in both developed as well developing regions are encouraging small hydropower projects by offering lucrative incentives and project renewal plans– a factor that is expected to aid the growth of the global small hydropower market during the forecast period.
At present, stakeholders operating in the current small hydropower market landscape are highly inclined toward investing in mitigation and research projects to minimize the negative environmental effects of damns on the river flow, fish habitat, and quality of water. In addition, the favorable financial framework is enabling more number of private sector companies to participate in the renewable energy production ecosystem– another factor that is expected to bolster the growth of the global small hydropower market during the assessment period.
Strong expertise with attention to detail makes our market research reports stand apart. Download PDF Brochure –
At the back of these factors, along with the rise in the number of small hydropower projects in several regions of the world, the global small hydropower market is expected to reach a net capacity of 171 GW by the end of 2030.
Request for Covid-19 Impact Analysis on Small Hydropower Market:
Small Hydropower Plants Gain Popularity as Large-scale Projects Continue to Attract Criticism
One of the primary factors that are likely to shape the overall development of the global small hydropower market is climate change. In addition, advancements in technology are also likely to have a strong influence on the overall adoption of small hydropower systems in the upcoming years.
Buy our Premium Research Report on Small Hydropower Market@
Over the past few decades, the environmental damage and social displacement linked with large-scale hydropower projects is a major cause of concern due to which, small hydropower projects have garnered considerable attention. For instance, the development of the Three Gorges dam in China caused the displacement of 1.5 million people and led to the submersion of multiple factories, waste dumps, and mines. Similarly, large-scale hydropower projects in Brazil, Turkey, and Ethiopia, among others, have received opposition for displacing a large number of people.
Although the global push for renewable energy production continues to shift gears at a rapid pace, players operating in the current small hydropower market are seeking innovative ways to minimize the impact of hydropower projects on the surrounding environment. Due to the negative impact on the surrounding environment, governments are also exploring the potential of hydropower to shift from large-scale dams toward the more natural approach leveraging the natural flow of rivers.
At present, run-of-the-river plants are gaining considerable traction and the trend is likely to continue during the assessment period. Novel technologies, including the Industrial Internet of Things (IIoT) are likely to provide a boost to the hydropower industry in the upcoming years.
Stakeholders operating in the current small hydropower market landscape are of the opinion that the digitalization of hydropower could play a key role in minimizing carbon emissions and increase the overall output– saving operational and overhead costs. The tectonic shift toward implementing new technologies is likely to pave the way for smarter and efficient small hydropower plants in the future due to which, the demand for small hydropower is moving in the upward trajectory.
Project Completion and Maintenance Deadlines to Extend amid COVID-19 Pandemic
The COVID-19 pandemic is expected to have a strong impact on the overall growth of the global small hydropower market, especially in 2020. Due to stringent lockdown measures imposed by governments in the second quarter of 2020, the transportation of raw materials and components was largely affected. The repair and maintenance of existing projects and the construction of new projects are expected to witness delays due to the COVID-19 situation. In addition, investments toward small hydropower projects are likely to take a hit in 2020, due to the uncertainty of the market and fluctuating global economy and prices of raw materials. While the demand for sustainable energy is expected to remain high worldwide in the upcoming years, the global small hydropower market is expected to show signs of recovery toward the last two quarters of 2020, as governments continue to lift the lockdown restrictions.
Analysts’ Viewpoint
The global small hydropower market is expected to grow at a moderate CAGR of ~3% during the forecast period. The market growth will be largely driven by the ascending demand for sustainable energy, mounting environmental concerns, rising pollution levels around the world, and benefits of hydropower over other alternatives. Moreover, an increase in government as well as private investments toward the development of small hydropower projects is another major factor that will provide a boost to the growth of the small hydropower market during the assessment period. However, market players should focus on minimizing the impact of small hydropower projects on the surrounding environment and seek new ways to reduce the displacement of large human population.
Small Hydropower Market: Overview
Increase in Demand for Clean Fuel to Drive Small Hydropower Market
Low Generation Cost to Boost Small Hydropower Market
Recent Developments, Expansions, Acquisitions, and New Contracts
Asia Pacific to Dominate Small Hydropower Market
Highly Competitive Small Hydropower Market
Energy & Natural Resources-Industry battles Tangible Impact of Economic and Cultural changes, Stay Updated on the Latest Trends in Energy & Natural Resources -market@
https://www.transparencymarketresearch.com/energy-market-reports-3.html
About Us
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY – 12207
United States
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Follow Us: Twitter | LinkedIn
Blog: https://tmrblog.com
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