Allied Market Research Published Latest Report, titled, “Small Hydropower Market by Capacity, Type, Components, and Region: Global Opportunity Analysis and Industry Forecast, 2021–2030” provides a comprehensive study of the global Small Hydropower Market along with an analysis of dynamic growth factors, challenges, constraints, and opportunities. Moreover, the report offers detailed insight regarding leading market players and their business strategies that could help new market entrants, shareholders, and stakeholders to make informed business decisions.
Primary energy consumption has increased globally in recent years owing to rapid industrialization and urbanization. Petroleum derivatives such as oil, gas, and coal are utilized in power generation. The depletion of crude oil reserves combined with an increase in GHG emissions, has impelled the demand for clean energy assets, such as small hydropower. A small hydropower plant is an environmental-friendly, reliable, practical, and sustainable source of energy. An increase in the use of small hydropower and other renewable energy sources is estimated to significantly reduce carbon dioxide emissions. Thus, an increase in the demand for renewable energy is projected to drive the growth of the small hydropower market during the forecast period.
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Market Trends
- Voith Hydro opened a branch office in Kathmandu, Nepal in September 2019. Voith Hydro, has been supplying hydropower equipment to Nepal since 1968, and this expansion has led to an increase in customer base and the provision of high- quality services.
- GE Renewable Energy began offering particular turbines of small hydropower in July 2019, following its new partnership with the energy. The small hydropower units were made available in 10 kW and 15 kW estimates and could be linked to provide arrangements up to 1 MW.
- Voith GmbH and Co. signed an agreement in June 2019, to design and assemble, and supply electromechanical equipment for the small hydropower plant Kabu 16 in Burundi, Africa. The organization is also anticipated to oversee the establishment and authorization of the plant.
The Small Hydropower Market report includes Porter’s five forces analysis, SWOT analysis, and PESTEL analysis that provides industry-related data and valuable information in tabular format. The SWOT analysis is vital to understand the positive and negative attributes of the Small Hydropower Market. On the other hand, Porter’s five analysis and PESTEL analysis focuses on which factors can benefit the company and help in the long term.
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The market is analyzed based on regions and competitive landscape in each region is mention. Regions discussed in the study include North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa). These insights help to devise strategies and create new opportunities to achieve exceptional results.
The research offers an extensive analysis of key players active in the global Small Hydropower industry. Detailed analysis on operating business segments, product portfolio, business performance, and key strategic developments is offered in the research. Leading market players analyzed in the report include Alstom S.A., Voith GmbH, ANDRITZ HYDRO GmbH, BC Hydro, StatKraft AS, Agder Energi AS, Ontario Power Generation Inc., Alstom, Siemens AG, BC Hydro, Fortum Oyj. These players have adopted various strategies including expansions, mergers & acquisitions, joint ventures, new product launches, and collaborations to gain a strong position in the industry.
Key Benefits of Report
- This study presents the analytical depiction of the Small Hydropower industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the Small Hydropower market share.
- The current market is quantitatively analyzed from 2021 to 2030 to highlight the Small Hydropower market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed Small Hydropower market analysis based on competitive intensity and how the competition will take shape in the coming years.
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