Small Hydropower Market Size Is Forecast to Reach 146.33 Gw by 2024, Growing at 2.7% Cagr Up to 2024

Small hydropower market size is forecast to reach 146.33 GW by 2024, growing at 2.7% CAGR up to 2024. Africa small hydropower market share is forecast to grow at 3.9% CAGR up to 2024. Line stability, high lighting intensity, load shedding, inadequate equipment to compatible with old infrastructure may hinder small hydropower industry evolution.

Small Hydropower Market size by installation was 115.16 GW in 2015, as per the latest research report by Global Market Insights, Inc. Rising domestic electricity consumption demand owing to population growth coupled with need to reduce dependency on conventional energy sources may enhance global small hydropower market growth.

Rising environmental concerns pertaining to GHG emission and favorable regulatory policies to promote small hydropower in remote areas as a sustainable energy generation are promising trend to positively influence industry demand.

Asia dominated the global electricity consumption accounted at over 40% of the total demand in 2015. Availability of potential sites coupled with presence of skilled labor is forecast to favor China and India small hydropower market growth. Vietnam Small Hydropower Market is set to gain at over 6.5% CAGR up to 2024. Dense rivers with more than 2000 streams & rivers with length of over 9 km are the favorable natural assets to build SHP plant.

U.S. dominated the North America small hydropower market size, with installed capacity of 6.98 GW in 2015. Regulatory compliances by FERC to encourage renewable energy production accompanied by need to supply electricity in non-grid connectivity areas should positively influence market growth.

Growth in BRICS economy, and government efforts to supply electricity in remote areas. Supply issues in locations with no grid availability will open up opportunities for small hydropower plants. France is set to grow at more than 3% CAGR up to 2024. Efforts by various authorities such as European Small Hydropower Association...