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Microhydro-Electric Systems Market

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Microhydro-Electric Systems Market, report categorizes the report by Component, End User and Region. It provides information about - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017–2025
Microhydro-Electric Systems Market, By
Component, Region - Global Industry
Insights, Trends and Outlook, 2017–2025
Microhydro-electric systems are referred to units or plants, which are installed with the
power generation capability of less than or equal to 100 kW. The installation of plant
mainly include the units that are deployed on streams, water pipeline systems, and
irrigation canals. Microhydro-electric systems find considerable applications to cater the
needs of the small business and domestic and agricultural requirements. These
installations are generally privately owned and the power generated is either utilized
on-site or sold to the utility distribution company.
Increasing emphasis for the exploitation of green energy sources is anticipated to
leverage the demand for utilization of the available water sources
High global dependency on the fossil fuels is expected to decline due to limited
availability of resources and the associated impact of fossil fuels on environment over
the forecast period. According to Coherent Market Insights analysis report, around 60
countries utilize the available water resources to meet more than 50% of the overall
electrical energy requirements. Micro-hydro power generation has gained considerable
momentum, owing to its increased social as well as financial benefits over the large
hydro power stations. Short gestation period, high return on investment (ROI), low
capital investments, easy commissioning, and construction are some of the factors
augmenting the market growth. Moreover, factors such as the impact on local habitat,
effect on rehabilitation, deforestation, and other associated issues owing to
submergence of the large areas can be eliminated with the introduction of
microhydro-electric systems.
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Microhydro-Electric Systems Market Taxonomy:
On the basis of components, the global microhydro-electric systems market is
segmented into:
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●
●
●
●
●
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Intake (screen, diversion, impoundment)
Penstock (Pipeline)
Turbine
Dump load
Battery bank
Main DC disconnect
Inverter
AC breaker panel
Others (Metering & controls)
On the basis of capacity, the global microhydro-electric systems market is
segmented into:
● Less than 30 kw
● 20 kw to 50 kw
● 50kw to 100 kw
Administrative bottlenecks and low adoption rates are expected to hamper the
industrial growth over the forecast period
Requirement to fulfil the long and complicated procedural hurdles to obtain the
authorization, permits, and approvals in almost every nations is expected to be the
major factor hindering the market growth. Furthermore, adoption of the methodology for
power generation is still in its nascent stage with most of the potential still left untapped.
For instance, over 95% of around 79,000 dams in the U.S., are not utilized for the
generation of electricity.
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Europe dominated the global microhydro-electric systems market is expected to
present substantial growth prospects over the forecast period
Development of efficient regulatory framework and tariff rates to support green
infrastructural development is expected to fuel the market growth in Europe. For
instance, European Legislation has defined the standards and normalization rules
accounting for the electricity generation through hydropower and wind power.
Furthermore, other regulatory bodies has also defined requirements and standards
include UK legislation, Department of Energy & Climate Change (DECC), and Office of
Gas and Electricity Markets (Ofgem). Increasing number of green government initiatives
to support the growing requirement of electricity in emerging countries of Asia Pacific
such as China, is expected to garner highest growth rate over the forecast period.
Key Players in the Global Microhydro-Electric Systems Market
Regional expansion and increasing awareness regarding the associated benefits of the
system, is expected to help the key industry players to strengthen their industry position
in the microhydro-electric systems market. Some of the key players operating in the
global microhydro-electric systems market include Addnew Technologies Limited, Alps
Power Technologies (P) Limited, Brownell Micro Hydro, Canyon Industries, Inc.,
Hebden Bridge Alternative Technology Centre Ltd., K.C. Larson, Inc., PowerSpout, and
Rainbow Power Company Ltd.
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arket-1240
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trends, technologies, and potential absolute dollar opportunity.
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Author
Sagar Gawade
Sagar Gawade44   documents Email
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