The global Small Hydropower Market is projected to reach USD 3.2 billion by 2024 from an estimated market size of USD 2.6 billion in 2020, at a CAGR of 3.6% during the forecast period.
Top key Players in the market includes Voith GmbH, Andritz Hydro, GE, Siemens, Agder Energi AS, 24H – Hydro Power, Lanco Group, Derwent Hydroelectric Power, StatKraft and RusHydro.
A concession agreement for the first Indo-Bhutan joint venture hydroelectric project was signed on June 2020 paving the way for the commencement of its construction and other related works. The signing of the concession agreement will lead to commencement of construction and other works of this first joint venture hydroelectric project between India and Bhutan. The project is expected to be completed in the second half of 2025.
International technology group ANDRITZ has received a contract from the Indian independent power producer JSW Energy (Kutehr) Limited, a 100% subsidiary of JSW Energy Limited, to supply the electro-mechanical equipment for the Kutehr hydroelectric plant (240 MW) located on the River Ravi in the Chamba district of Himachal Pradesh state in India. The plant will generate approximately 955 GWh of electric power, thus supplying clean and renewable energy to around 4.6 million households. GE Renewable Energy announced Sept 2020 that it has been selected by Megha Engineering and Infrastructure Limited (MEIL) to supply and commission four 125 MW fixed speed pumped storage turbines for the new Kundah hydropower plant in India. This greenfield project is part of the initiatives supported by the central government of India to significantly increase hydropower resources locally including pumped hydro storage solutions. The policies are intended to ensure sustainable and flexible energy production during peak demand periods and consequently reinforcing grid stability in the country. This new plant will be operated by the state government utility Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO).
Voith GmbH new design Industrial structures are much more heavily dependent on the functional demands that influence their architecture than other building categories. The design of hydropower plants has to meet particularly high demands. Their size alone makes integrating them into an urban or natural environment a challenge. “The relationship between context and scale is often given little consideration,” says Nanna Meidell, architect at the Norwegian consulting firm Norconsult. On top of this, there is also the expectation that power plants should be able to operate efficiently over a lifetime of more than 100 years. “Within this rather inflexible framework, the architect must focus on other design elements.”
The small hydropower, by type, is segmented into Mini Hydropower, and Micro Hydropower segments. The small hydropower, by component, is segmented into electromechanical equipment, electric infrastructure, civil works, and others, the small hydropower market has been analyzed concerning by namely, Asia Pacific, North America, Europe, South America, and the Rest of the World. The Asia Pacific is estimated to be the largest market from the global small hydropower market from 2020 to 2024. China, Vietnam, and India are the world’s fastest-growing economies, contributing mainly to the Asia Pacific market. The Asia Pacific market is expected to grow during the forecast period owing to the investments in rural electrification and off-grid energy generation.