Microhydro-Electric Systems Market Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018–2026
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.
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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.
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.
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.
Microhydro-Electric Systems Market
Taxonomy:
On the basis of components, the global
microhydro-electric systems market is segmented into:
-
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
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