According to the latest report by IMARC Group, The global small hydropower market is expected to grow at a CAGR of around 3% during 2021-2026.

SHERIDAN, WYOMING, UNITED STATE, November 10, 2021 /EINPresswire.com/ -- According to the latest report by IMARC Group “Small Hydropower Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, The global small hydropower market is expected to grow at a CAGR of around 3% during 2021-2026.

Small hydropower (SHP) refers to the power generation technology that converts kinetic energy from flowing water into electricity. It is applied for low-to-medium electricity needs, including lighting and telecommunication. SHP plants are generally installed in small rivers, streams or existing water supply networks since these plants have zero or negligible impact on the environment compared to large-scale hydropower plants.

Market Trends:

The escalating demand for renewable energy sources and rising investments in hydropower projects due to the growing environmental concerns represent the primary factors driving the global small hydropower market. Additionally, several initiatives undertaken by governments of different countries to increase rural electrification and the implementation of financial incentives and favorable policies for sustainable development are other major growth-inducing factors. Furthermore, various technological advancements enabling automation and limited electricity production despite extreme weather changes are contributing to the market growth. Other factors, including the up-gradation of abandoned hydro sites and rising power consumption, are anticipated to provide a positive market outlook.

Request for a free sample copy of this report: https://www.imarcgroup.com/small-hydropower-market/requestsample

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Global Small Hydropower Market Coverage and Segmentation 2021-2026:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

ANDRITZ

BHEL

Canyon Hydro

GE Renewable Energy

Gilbert Gilkes & Gordon Ltd.

HNAC Technology

Mavel

Siemens

SNC-Lavalin

Toshiba

Voith.

Explore full report with table of contents: https://bit.ly/3kdmP4c

The report has segmented the market on the basis of Product Type, End-User and Region.

Breakup by Capacity:

Up to 1 MW

1–10 MW

Breakup by Component:

Turbine

Generator

Electric Infrastructure

Intake Valves and Penstock

Others

Market Breakup by Region:

North America (United States, Canada)

Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)

Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

Latin America (Brazil, Mexico, Others)

Middle East and Africa

If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

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About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Elena Anderson
IMARC Services Private Limited
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