Global Small Hydropower Market – Opportunities and Forecast, 2020-2027
Small hydropower is a renewable, clean, and predictable energy source. Small hydropower generation systems are used to generate electricity by converting the mechanical energy in the running water into electric energy, similar to larger conventional hydroelectric systems. Small hydro systems can be connected to the grid to provide power to it. It can also be used for independent and stand-alone applications in isolated remote areas. Setting up of small hydroelectric plants require low capital investment due to minimum reservoirs and civil construction work. Increased focus towards rural electrification in emerging and underdeveloped economies, reducing dependency on conventional resources, and low maintenance cost and capital investment is driving the growth of the Small Hydropower market . Renewable power generation aids countries in meeting sustainable development goals through provision of access to secure, reliable, clean, and affordable energy. Large capacity of hydropower sy...