Small Hydropower Market Growth, Demand and Challenges of the Key Industry Players 2024-2032
                     Global Small Hydropower 
Market Research and 
Forecast Report 2024-
2032
Format: PDF+EXCEL
© 2023 IMARC All Rights Reserved 
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t ransform thei r  bus inesses.
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chemicals ,  food and beverage,  t ravel  and tour ism, nanotechnology and novel  process ing methods 
are at  the top of  the company’s  exper t ise.
IMARC’s ta i lored approach combines unfathomable ins ight  in to the dynamics o f  companies and 
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las t ing resul ts .
Accord ing  t o  t he  la tes t  r epor t  by  IMARC Group,  t i t l ed  " Smal l  Hydropower  
Market :  G l oba l  Indust ry  T rends ,  Share ,  S ize ,  Growth ,  O pportun i ty  and  
Forecast  2024-2032, "  t he  g loba l  sm al l  hyd ropower  marke t  s i ze  reached US$  2 . 3  
B i l l i on  in  2023 .
Report Smal l  hyd ropower  (SHP)  re fe rs  to  a  sys t em t ha t  genera t es  e lec t r i ca l  ene rgy  by  
conver t ing  k ine t i c  energy  f rom f ree - f low ing  wat e r  t o  e lec t r i c i t y .  I t  compr ises  
severa l  component s ,  such  as  p ipe l ines ,  t u rb ines ,  genera to rs ,  r egu la to rs ,  and  
Highlight and wi r ings .  I t  i s  w ide ly  used fo r  t he  e lec t r i f i ca t ion  o f  remot e  a reas ,  sa t i s f y ing  low  
and  m ed ium-vo l tage  e lec t r i c i t y  needs  o f  i ndus t r ies ,  and  per fo rm ing  va r ious  
Description mechan ica l  p rocesses ,  such  as  wat er  pump ing  and  ro t a t ing  g r ind ing  whee ls .  
As  compared  to  l a rge  hyd roe lec t r i c  dam s,  SHP does  no t  impac t  wa te r  movem en t  
and  qua l i t y ,  sed im en t  pa t te rns ,  and  f i sh  m igra t ions .  I t  i s  a l so  a  c lean  sou rce  o f  
ene rgy  tha t  r educes  a i r  and  wat er  po l lu t ion  and  m in im izes  met hane  emiss ions .
Request  fo r  a  PDF  sample  o f  th i s  repor t :  
ht tps : / / www. imarcgroup .com/sma l l - hyd ropower -marke t / r eques tsam ple
Report Description
G l o b a l  S m a l l  H y d r o p o w e r  M a r k e t  T r e n d s :
T h e  r i s i n g  d e m a n d  f o r  r e n e w a b l e  e n e r g y  s o u r c e s  a c r o s s  t h e  g l o b e  i s  o n e  o f  t h e  p r i m a r y  f a c t o r s  d r i v i n g  t h e  m a r k e t  g r o w t h .  S H P  i s  a  c o s t -
e f f e c t i v e  a n d  s u s t a i n a b l e  s o u r c e  o f  e n e r g y  g e n e r a t i o n  t h a t  r e p l a c e s  e x p e n s i v e  a n d  h i g h l y  p o l l u t i n g  d i e s e l  g e n e r a t o r s  a n d  r e d u c e s  t h e  
d e p e n d e n c e  o n  c o a l ,  o i l ,  a n d  n a t u r a l  g a s  p o w e r  p l a n t s .  F u r t h e r m o r e ,  i n c r e a s i n g  a w a r e n e s s  a m o n g  t h e  m a s s e s  r e g a r d i n g  v a r i o u s  p r o d u c t  
b e n e f i t s ,  i n c l u d i n g  l o w  d i s t r i b u t i o n  a n d  o p e r a t i o n a l  c o s t s ,  m i n i m u m  m a i n t e n a n c e ,  e a s y  d e p l o y a b i l i t y ,  n o  r i s k  o f  f l o o d s ,  c o n v e n i e n t  i n t e g r a t i o n  
w i t h  t h e  p o w e r  g r i d ,  a n d  n e g l i g i b l e  i m p a c t  o n  t h e  e n v i r o n m e n t  a n d  e c o l o g y ,  i s  p r o v i d i n g  a n  i m p e t u s  t o  t h e  m a r k e t  g r o w t h .  A p a r t  f r o m  t h i s ,  t h e  
i m p l e m e n t a t i o n  o f  v a r i o u s  g o v e r n m e n t  i n i t i a t i v e s  p r o m o t i n g  t h e  a d o p t i o n  o f  S H P  t h r o u g h  f i n a n c i a l  i n c e n t i v e s ,  l o w - i n t e r e s t  l o a n s ,  r e n e w a b l e  
p u r c h a s e  o b l i g a t i o n s ,  a n d  f e e d - i n - t a r i f f s  a r e  p o s i t i v e l y  i n f l u e n c i n g  t h e  m a r k e t  g r o w t h .  
A d d i t i o n a l l y ,  r e c e n t  r e s e a r c h  a n d  d e v e l o p m e n t  ( R & D )  a c t i v i t i e s  t o  i m p r o v e  t h e  h y d r a u l i c  s t r u c t u r e s  o f  t h e  i n t a k e s ,  d i v e r s i o n  p i p e s ,  a n d  f e a t u r e s  
o f  p o w e r  e q u i p m e n t  t o  e n h a n c e  t h e  e f f i c i e n c y  o f  S H P  a n d  m a x i m i z e  e n e r g y  p r o d u c t i o n  a r e  p r o p e l l i n g  t h e  m a r k e t  g r o w t h .  M o r e o v e r ,  t h e  
i n t e g r a t i o n  o f  a r t i f i c i a l  i n t e l l i g e n c e  ( A I )  t o  m a n a g e  s m a l l  h y d r o p o w e r  p l a n t  o p e r a t i o n s ,  o p t i m i z e  m a i n t e n a n c e ,  a n d  h e l p  i n  s i t e  s e l e c t i o n  i s  
f a v o r i n g  t h e  m a r k e t  g r o w t h .  O t h e r  f a c t o r s ,  i n c l u d i n g  r i s i n g  e n e r g y  d e m a n d ,  i n c r e a s i n g  e n v i r o n m e n t a l  c o n c e r n s  r e g a r d i n g  t h e  u s e  o f  f o s s i l  f u e l s ,  
a n d  t h e  w i d e s p r e a d  a d o p t i o n  o f  t h e  I n t e r n e t  o f  T h i n g s  ( I o T ) - b a s e d  m o n i t o r i n g  s y s t e m s ,  a r e  a n t i c i p a t e d  t o  d r i v e  t h e  m a r k e t  g r o w t h .
L o o k i n g  f o r w a r d ,  t h e  m a r k e t  i s  e x p e c t e d  t o  r e a c h  a  v a l u e  o f  U S $  2 . 8  B i l l i o n  b y  2 0 3 2 ,  e x h i b i t i n g  a  C A G R  o f  2 . 4 3 %  d u r i n g  2 0 2 4 -
2 0 3 2 .
V i e w  R e p o r t  T O C ,  F i g u r e s  a n d  T a b l e s :  h t t p s : / / w w w . i m a r c g r o u p . c o m / s m a l l - h y d r o p o w e r - m a r k e t
Breakup by Capacity:
• Up to 1 MW
• 1–10 MW 
 
Breakup by Component:
Report • Turbine
• Generator
Segmentation
• Electr ic Infrastructure
• Intake Valves and Penstock
• Others
Breakup by Region:
• North America
• Asia-Pacifi c
• Europe
• Latin America
Report 
• Middle East and Afr ica
Segmentation
• ANDRITZ
• BHEL
• Canyon Hydro
Competitive • GE Renewable Energy
Landscape • Gilbert Gi lkes & Gordon Ltd.
with Key • HNAC Technology
• Mavel
Players • Siemens
• SNC-Laval in
• Toshiba
• Voith
What was the size of the global small hydropower 
market in 2023?
What is the expected growth rate of the global 
small hydropower market during 2024-2032?
What are the key factors driving the global small 
Key hydropower market?
Questions What has been the impact of COVID-19 on the global small hydropower market?
Answered in 
What is the breakup of the global small hydropower 
the Report market based on the capacity?
What is the breakup of the global small hydropower 
market based on the component?
What are the key regions in the global small 
hydropower market?
Who are the key players/companies in the global 
small hydropower market?
1     P r e f a c e
2     S c o p e  a n d  M e t h o d o l o g y
    2 . 1     O b j e c t i v e s  o f  t h e  S t u d y
    2 . 2     S t a k e h o l d e r s
    2 . 3     D a t a  S o u r c e s
        2 . 3 . 1     P r i m a r y  S o u r c e s
        2 . 3 . 2     S e c o n d a r y  S o u r c e s
    2 . 4     M a r k e t  E s t i m a t i o n
        2 . 4 . 1     B o t t o m - U p  A p p r o a c h
Table of         2 . 4 . 2     T o p - D o w n  A p p r o a c h    2 . 5     F o r e c a s t i n g  M e t h o d o l o g y
3     E x e c u t i v e  S u m m a r y
4     I n t r o d u c t i o n
    4 . 1     O v e r v i e w
Contents     4 . 2     K e y  I n d u s t r y  T r e n d s5     G l o b a l  S m a l l  H y d r o p o w e r  M a r k e t
    5 . 1     M a r k e t  O v e r v i e w
    5 . 2     M a r k e t  P e r f o r m a n c e
    5 . 3     I m p a c t  o f  C O V I D - 1 9
    5 . 4     M a r k e t  F o r e c a s t
6      M a r k e t  B r e a k u p  b y  C a p a c i t y
    6 . 1     U p  t o  1  M W
        6 . 1 . 1  M a r k e t  T r e n d s
        6 . 1 . 2  M a r k e t  F o r e c a s t
    6 . 2     1 – 1 0  M W
        6 . 2 . 1  M a r k e t  T r e n d s
        6 . 2 . 2  M a r k e t  F o r e c a s t
7    M a r k e t  B r e a k u p  b y  C o m p o n e n t
    7 . 1     T u r b i n e
        7 . 1 . 1  M a r k e t  T r e n d s
        7 . 1 . 2  M a r k e t  F o r e c a s t
       
    7 . 2     G e n e r a t o r
        7 . 2 . 1  M a r k e t  T r e n d s
        7 . 2 . 2  M a r k e t  F o r e c a s t
    7 . 3     E l e c t r i c  I n f r a s t r u c t u r e
        7 . 3 . 1  M a r k e t  T r e n d s
        7 . 3 . 2  M a r k e t  F o r e c a s t
    7 . 4     I n t a k e  V a l v e s  a n d  P e n s t o c k
        7 . 4 . 1  M a r k e t  T r e n d s
        7 . 4 . 2  M a r k e t  F o r e c a s t
    7 . 5     O t h e r s
Table of         7 . 5 . 1  M a r k e t  T r e n d s        7 . 5 . 2  M a r k e t  F o r e c a s t
8    M a r k e t  B r e a k u p  b y  R e g i o n
    8 . 1     N o r t h  A m e r i c a
Contents         8 . 1 . 1  U n i t e d  S t a t e s           8 . 1 . 1 . 1  M a r k e t  T r e n d s
           8 . 1 . 1 . 2  M a r k e t  F o r e c a s t
        8 . 1 . 2  C a n a d a
           8 . 1 . 2 . 1  M a r k e t  T r e n d s
           8 . 1 . 2 . 2  M a r k e t  F o r e c a s t
    8 . 2     A s i a  P a c i f i c
        8 . 2 . 1  C h i n a
           8 . 2 . 1 . 1  M a r k e t  T r e n d s
           8 . 2 . 1 . 2  M a r k e t  F o r e c a s t
        8 . 2 . 2  J a p a n
           8 . 2 . 2 . 1  M a r k e t  T r e n d s
           8 . 2 . 2 . 2  M a r k e t  F o r e c a s t
        8 . 2 . 3  I n d i a
           8 . 2 . 3 . 1  M a r k e t  T r e n d s
           8 . 2 . 3 . 2  M a r k e t  F o r e c a s t     
F o r  m o r e  i n f o r m a t i o n ,  v i s i t :  
h t t p s : / / w w w. i m a rc g ro u p . c o m / s m a l l - h y d ro p o w e r- m a r ke t / t o c
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