Global Market Size of Small Hydropower Market – 10 Year Market Forecast

Energy & Power

Small Hydropower Market Size Forecast 2022-2029

 

The global small hydropower plant market is expected to reach USD 3.7 billion by 2029, compared to an estimated market size of USD 3.04 billion in 2022, with a CAGR of 3%. Increased demand for energy due to the ever-growing population, as well as the need to reduce dependence on the conventional sources of power generation, has been motivating the industry to use renewable power sources leading to more investments in hydropower projects. Investments in rural electrification and renewable energy production contribute to market growth. To minimize the negative environmental effects small hydropower plants are constructed and designed to aid remote locations that generate less energy.

Frequently Asked Questions(FAQ)

• What is Global Market Database?

• Global Market Database is a cloud based market research tool that is a key secondary research source which provides information across the small hydropower market in addition to other industry verticals.
• What is the market size of small hydropower vertical?

• In 2022, the small hydropower market attained a value of USD 3.02 Billion.
• What is the forecast period for the small hydropower market report?

• The forecast period for the small hydropower market report is noted to be 2022-2029.
• What are the key segments in the small hydropower market?

• The key segments in the small hydropower market are component, region and capacity.
• What is the key driver for the small hydropower market?

• Rise in adoption of green technology and an increased research infrastructure for the same is poised to boost the growth for this market.

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