Market Size of Europe Small Hydropower Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 4.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Small Hydropower Market Analysis
The Europe small hydropower market is expected to register a CAGR of over 4% during the forecast period.
The market was negatively impacted by COVID-19 in 2020. Presently, the market reached pre-pandemic levels.
- Over the medium term, increased investments and ambitious hydropower targets are expected to drive the market's growth.
- On the other hand, technical drawbacks of the string inverters are expected to hamper the growth of Europe's small hydropower market during the forecast period.
- Nevertheless, in the forecast period, an increasing number of new small hydropower projects backed by government support will likely create lucrative growth opportunities for the Europe small hydropower market.
- Norway dominates the market and would likely witness the highest CAGR during the forecast period. This growth is attributed to the increasing investments, coupled with supportive government policies in the country.
