Small Hydropower Market : Tapping into Sustainable Energy Solutions

Small hydropower market  involves the development of hydroelectric power on a localized scale, serving specific areas or industrial facilities. While the definition of a small hydropower project may vary, it typically encompasses a generating capacity of up to 25 megawatts (MW), with this capacity often regarded as the upper limit for small hydropower projects. These hydroelectric power plants are strategically situated to convert the kinetic energy of water into electrical energy. The overall power generated by such plants depends on factors such as the water head and the volume of water directed toward the water turbine. Small hydropower systems utilize the flow of water to drive a turbine connected to a generator, thus generating electricity.

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COVID-19 Impact Analysis

The global small hydropower market has faced challenges due to the COVID-19 pandemic. Stringent lockdown measures imposed in the second quarter of 2020 disrupted the transportation of raw materials and components required for small hydropower projects. The pandemic has also led to delays in the repair, maintenance, and construction of small hydropower projects. Investment plans in this sector were impacted by the uncertain market conditions and fluctuations in the global economy and raw material prices. However, the demand for renewable energy remains strong, despite these challenges.

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Top Impacting Factors

• Rise in Energy Consumption: Global industrialization and urbanization have led to increased primary energy consumption. To combat the depletion of crude oil reserves and rising greenhouse gas emissions, there is a growing demand for clean energy sources like small hydropower, which are environmentally friendly, reliable, practical, and sustainable.
• Carbon Emission Reduction: Small hydropower plants contribute to reducing carbon dioxide emissions, making them an essential part of the transition to cleaner energy sources. This factor is expected to drive market growth.
• Focus on Rural Electrification: The expansion of industrialization in BRICS countries has led to a focus on supplying electricity to rural and remote areas where grid availability is limited. This emphasis on rural electrification is expected to boost the small hydropower market.
• Resource Accessibility Challenges: Limited access to information about resource-rich areas and constraints related to the size and flow of small streams can hinder the development of small hydropower projects, potentially limiting market growth.

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Market Trends

• Voith Hydro Expansion: Voith Hydro expanded its presence in Nepal in September 2019, enhancing its customer base and providing high-quality services in hydropower equipment.
• GE Renewable Energy's Small Hydropower Units: In July 2019, GE Renewable Energy introduced small hydropower units in 10 kW and 15 kW sizes, with the capability to link them for larger installations, up to 1 MW.
• Voith's Involvement in Africa: Voith GmbH and Co. signed an agreement in June 2019 to design, assemble, and supply electromechanical equipment for the small hydropower plant Kabu 16 in Burundi, Africa.
• VolgaHydro's Russian Plant: In June 2019, VolgaHydro, a subsidiary of Voith GmbH and Co., initiated construction on a new production plant in Balakovo, Russia, to manufacture and assemble components for hydropower plant turbines and provide maintenance services to both small and large hydropower plants.
• Aquila Capital's Norway Office: In January 2017, Aquila Capital established an office in Oslo, Norway, to facilitate investments, management, and operations in the hydropower sector.

Key Benefits of the Report

• Provides an analytical overview of the small hydropower industry, including current trends and future projections for potential investment opportunities.
• Offers insights into key drivers, challenges, and opportunities, along with a detailed analysis of small hydropower market share.
• Quantitatively analyzes the current market to illustrate the growth scenario for the small hydropower market.
• Employs Porter’s five forces analysis to assess the bargaining power of buyers and suppliers in the market.
• Provides a comprehensive analysis of the competitive landscape and the expected competition in the small hydropower market in the coming years.