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Published Date: 2015-11-17Number of Pages: 92

Small Hydropower Market, by installed capacity - Global Industry Analysis, Size, Share, Growth Trends, and Forecast, 2015 - 2023

Small hydropower (SHP) has no standard 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. SHP is the development of hydroelectric power on a small scale to serve a small community or an industrial plant and provide off-grid and on-grid electricity generation capability. Small hydropower systems convert the energy in flowing water to electricity by using a turbine coupled to a generator. Small hydropower plants are ideal for rural areas, where there is no availability of grid. 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.

Demand for clean and renewable source of energy has led to the development of the small hydropower market. Since small hydropower requires minimal reservoirs and civil construction work it has very low or no negative impact on the environment. The market for small hydropower has been rapidly expanding, predominantly due to government incentives and subsidies.

The small hydropower market has been analyzed in terms of installed capacity (GW). Additionally, the market has been segmented on the basis of geography. The Asia Pacific region held the largest share of 70.3% of the market for small hydropower in 2014. High hydropower potential, tax incentives, and increasing demand for off-grid electricity are some of the drivers for SHP installations.

In terms of geography, 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




1.1 Report Description
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology

2.1 Global Small Hydropower Market: Snapshot

3.1 Introduction
3.2 Value Chain Analysis
3.3 Market Dynamics
      3.3.1 Growth Drivers
      3.3.2 Restraints
      3.3.3 Opportunities
3.4 Porter’s Five Forces Analysis for the Small Hydropower 
3.5 Suppliers’ Power
3.6 Buyers’ Power
3.7 Threat from New Entrants
3.8 Threat from Substitutes
3.9 Degree of Competition
3.10 Market Attractiveness Analysis of Small Hydropower, by Region (2014)
      3.10.1 North America
      3.10.2 Europe
      3.10.3 Asia Pacific
      3.10.4 South and Central America
3.11 Company Market Share Analysis, 2014 (Value %)

4.1 Overview
4.2 North America
      4.2.1 U.S.
      4.2.2 Rest of north America
4.3 Europe
      4.3.1 Russia
      4.3.2 Norway
      4.3.3 Italy
      4.3.4 France
      4.3.5 Spain
      4.3.6 Rest of Europe
4.4 Asia-Pacific
      4.4.1 China
      4.4.2 India
      4.4.3 Japan
      4.4.4 Rest of Asia Pacific
4.5 Middle East and Africa
4.6 South and Central America
      4.6.1 Brazil
      4.6.2 Rest of south and Central America

5.1 Voith GmbH
      5.1.1 Company Overview
      5.1.2 Financial Overview
      5.1.3 Business Strategy
      5.1.4 Recent Developments
(Note: Similar data points will be provided for the companies mentioned below)
5.2 Agder Energi AS
5.3 Ontario Power Generation Inc.
5.7 StatKraft
5.8 BC Hydro
5.9 RusHydro
5.10  Fortum Oyj

This research study analyzes the small hydropower market in terms of installed capacity (GW). The market has been segmented on the basis of geography. For the research, 2014 has been taken as the base year, while all forecasts have been given for the period from 2015 to 2023. Market data for all the segments has been provided at the regional as well as country-specific level from 2015 to 2023. The report provides a broad competitive analysis of companies engaged in the small hydropower business. The report also includes the key market dynamics such as drivers, restraints, and opportunities affecting the small hydropower market. These market dynamics were analyzed in detail and are illustrated in the report with the help of supporting graphs and tables. The report also provides a comprehensive industry analysis of small hydropower with the help of Porter’s Five Forces model. This analysis helps in understanding the five major forces that affect the market structure and profitability of the global small hydropower market. The forces analyzed are bargaining power of buyers, bargaining power of suppliers, threat of new entrants, threat of substitutes, and degree of competition.

The high-level analysis in the report provides detailed insights into the small hydropower business globally. There are currently numerous drivers of the market. One of the most prominent drivers is the low generation cost compared to other off-grid renewable technologies. Market attractiveness analysis was carried out for the small hydropower market on the basis of installed capacity and untapped potential. Market attractiveness was estimated on the basis of common parameters that directly impact the market in different regions. 

The small hydropower market was analyzed across five geographies: North America, Asia Pacific, Europe, Middle East and Africa, and South and Central America. Regional data has been provided for each sub-segment of the small hydropower market. Key players in the small hydropower market include Voith GmbH, ANDRITZ HYDRO GmbH, Alstom S.A., BC Hydro, and StatKraft AS. The report provides an overview of these companies, followed by their financial details, business strategies, and recent developments.

Small Hydropower Market: By Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • South and Central America

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