Market Size of Small Hydropower Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 2.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Small Hydropower Market Analysis
The Small Hydropower Market is expected to register a CAGR of 2% during the forecast period.
The market was negatively impacted by COVID-19 in 2020. Presently the market has reached pre-pandemic levels.
- Over the medium term, factors like increasing investment in the small hydropower market and increasing demand for electricity are expected to drive the market.
- On the other hand, an unstable energy supply significantly hinders the market growth.
- Nevertheless, integrating IoT with hydropower and the positive outlook toward small hydropower dams to sustain lives in rural communities are expected to create enormous opportunities for the Small Hydropower Market.
- Asia-Pacific is expected to be the largest market in the forecast period due to the high demand for electricity in the region and rapidly developing technology in the segment. It is expected to facilitate further growth.
