Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Research Reports

Small Hydropower (SHP) Market on Track to Play Decisive Role in Sustainable Development, States Fairfield Market Research

Published : , on

A pressing need to minimize the carbon footprint of the electricity generation industry has led to large-scale acceptance of renewable energy on a global level. Several policies such as subsidies, feed-in tariffs, power purchase agreements (PPA) and reduction of import/export tariffs that encourage the growth of the hydropower market have been introduced. Hydropower accounted for the bulk of renewable electricity generated worldwide in 2019 and this is expected to continue for the foreseeable future. The hydropower market has steadily shifted towards small hydropower in the past two decades. Small hydropower plants do not necessitate large landmasses to be flooded or river systems to be disrupted making them politically feasible. At present, small hydropower accounts for less than 10% of the total hydropower capacity, providing immense opportunities for key stakeholders in the small hydropower market.

For more insights into the Market, Get a Sample Copy of this Report: https://www.fairfieldmarketresearch.com/report/small-hydropower-shp-market/request-sample

Government Should Prioritize Small Hydropower and Raise Awareness of Manifold Benefits

The hydropower market has been characterized by unprecedented growth due to huge demand in developing economies that have scarcely exploited their hydropower resources. Small hydropower ventures are driven by bold green recovery plans that require sizeable investments into green initiatives. A major advantage is the lower investment cost of smaller hydropower plants versus larger ones especially for drinking or wastewater networks. It is estimated that the share of renewable energy should be a fifth of the global energy generation by the end of this decade with small hydropower on track to play a prominent role. Despite the appeal of small hydropower, its limitless potential remains untapped. While policies and process optimisation frameworks have been introduced to promote small hydropower, more must be done for the small hydropower market to come into its own.

Shift Away from Europe and Towards Africa for Profitability in Small Hydropower Market

China, the US, Japan, Italy, Norway, and Turkey comprised approx. 3/5th of the global small hydropower market in 2020. In 2019, India overtook Japan to become the fifth largest hydropower producer in the world. Europe has a high percentage of small hydropower development with the vast majority of its capacity already developed.

Do You Have Any Query Or Specific Requirement? Request for Custom Research: https://www.fairfieldmarketresearch.com/report/small-hydropower-shp-market/request-customization

Small Hydropower is Highly Customizable Making it Perfect for Rural Off-the-grid Areas

Small hydropower has a relatively lower power delivering limit making it ideal for off-grid individual requirements. Off-grid small hydropower offerings have emerged as an important option to widen access to renewables in far-flung areas not connected to a central grid. Rural areas are often overlooked and better communication, communication, and reliable lighting is the need of the hour. Small hydropower can be utilized in different plans and can be customized as per individual communities making it highly desirable for infrastructure development.

Companies Analysed

A few companies profiled in the report on the small hydropower market are Voith GmbH & Co. KGaA, Velcan Energy, Marubeni Corporation, GE, Siemens AG, ANDRITZ, Toshiba Corporation, Gilbert Gilkes & Gordon Ltd, BHEL, and Natel Energy. In early 2021, Voith GmbH was awarded a contract to build a small hydropower plant in France that should become operational in the year 2024.

Browse Our Latest Trending Reports: 

About Us

Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.

Contact

Fairfield Market Research

London, UK

UK +44 (0)20 30025888   

USA +1 (844) 3829746 (Toll-free)

Web: https://www.fairfieldmarketresearch.com/

Email: [email protected]

Follow Us: LinkedIn

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post