Global Micro Hydro Electric Market: Overview
Energy contained in flowing water has been tapped into for centuries. First it was for the mechanical power, and, in the past one century for electricity. Micro hydroelectricity systems, primarily used in homes, small businesses, farms and ranches, can generate up to 100 kw of electricity. They contain a turbine, pump, or waterwheel to convert the energy of flowing water into rotational energy, which is then transformed into electricity.
Such micro hydro electric systems have gained a lot of traction in the developing nations of the world in the past one decade. They are being leveraged to bring about economic development of far flung rural areas, especially in mountainous terrains, where traditional electricity is difficult to provide via traditional methods.
A report by Transparency Market Research studies the global micro hydro electric market to offer essential information on it. It presents a qualitative analysis of the factors promoting and hindering the market. The report also profiles major companies operating in the market and leverages market-leading analytical tools to uncover opportunities and threats they might encounter.
Global Micro Hydro Electric Market: Drivers and Restraints
Micro hydro electric, like hydroelectricity, is a reliable technology that relies on a non-polluting and renewable resource like water. Unlike solar and wind power, it can be generated round the day and year by adjusting the flow of water. Additionally, it is an indigenous resource, which can be easily integrated with irrigation and water supply projects anywhere. It has shorter gestation period and gives higher return on investment on account of lower upfront capital required. It also has reduced operational and maintenance expenses because of its simple designs. Because of the aforementioned unique perceived benefits, the micro hydro electric systems have been seeing steady uptake over the years. The burgeoning population worldwide and developing economies have also led to the growth in the market.
Countering the growth in the global micro hydro electric market is the limited exposure to micro hydroelectric generators among people. Besides, small water turbines do not have a strong efficiency, that is, a considerable amount energy is always lost in the process of transformation. Their efficiency level is about 75%. Power is also lost in the pipe carrying the water to the turbine on account of friction. To avoid this, the systematic design needs to be tweaked. All these factors have also hobbled their swift uptake.
Global Micro Hydro Electric Market: Geographical Segmentation
The key segments of the global micro hydro electric market are Europe, North America, Asia Pacific, and the Rest of the World. In Europe, Asia Pacific, and in certain parts of Africa, water wheels were leveraged to propel different industrial machineries, such as mills and pumps. On account of the early initiation into the technology, the regions have been at the forefront of adopting micro hydro electric systems. China in Asia Pacific, so far, is the leading market in the world for micro hydroelectricity. Small hydropower market in China is filliped by the rural electrification programs of the Chinese government. Going forward, the market in China is slated to progress further.
Global Micro Hydro Electric Market: Competitive Landscape
Some of the prominent companies competing in the global micro hydro electric market are Hebden Bridge Alternative Technology Centre Ltd., Rainbow Power Company Ltd, Brownell Micro Hydro, Canyon Industries, Inc., Alps Power Technologies (P) Limited, and Addnew Technologies Limited. The report studies their revenues, offerings, market shares, and future prospects. It also studies the nature of competition in the market and how it would pan out in the years ahead.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.