The global Small Hydro Power Generation market size was valued at USD 2.98 billion in 2019 and is expected to grow at a CAGR of 2.0% from 2021 to 2027. Market growth can be recognized by factors such as financial investment and rural electrification. And policy initiatives for small hydropower projects in response to climate change. Small hydro (SHP) power generation is a method of generating electricity that uses moving water to generate electricity. These plants are mainly installed in existing water supply networks or in small streams and rivers. Small hydroelectric power plants can be installed with negligible levels of ecological impact on the environment. Fossil fuel-based power generation is the most widely used form of power generation worldwide. However, the depletion of fossil fuel reserves has led the industry to switch to renewable energy sources.
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A full report of Small Hydropower Market available at: https://www.orionmarketreports.com/small-hydropower-market/20447/
Small Hydropower Market Segmentation
By Capacity:
• Up to 1 MW
• 1–10 MW
By Type:
• Micro Hydropower
• Mini Hydropower
By Component:
• Electromechanical Equipment
• Electric Infrastructure
• Civil Works
• Others (includes engineering, structural, management, environmental mitigation, and project development)
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(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
