Small Hydropower Market is segmented By Capacity (Up to 1 MW, 1-10 MW), By Type (Micro Hydropower, Mini Hydropower), By Plant (Run-of-River Plants, Re....
Market Size in USD
CAGR2.8%
Study Period | 2024 - 2031 |
Base Year of Estimation | 2023 |
CAGR | 2.8% |
Market Concentration | High |
Major Players | Andritz AG, Bharat Heavy Electricals Limited, FLOVEL Energy Private Limited, GE Renewable Energy, Gilbert Gilkes & Gordon Ltd |
The small hydropower market is estimated to be valued at USD 2.26 billion in 2024 and is expected to reach USD 2.75 billion by 2031, growing at a compound annual growth rate (CAGR) of 2.8% from 2024 to 2031. The small hydropower market is driven by the growing demand for renewable energy sources across the world.