Micro Hydro Electric Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024
Global Micro Hydro
Electric Market: Overview
Energy contained in
flowing water has been tapped into for centuries. First it was for
the mechanical power, and, in the past one century for electricity.
Micro hydroelectricity systems, primarily used in homes, small
businesses, farms and ranches, can generate up to 100 kw of
electricity. They contain a turbine, pump, or waterwheel to convert
the energy of flowing water into rotational energy, which is then
transformed into electricity.
Such micro hydro
electric systems have gained a lot of traction in the developing
nations of the world in the past one decade. They are being leveraged
to bring about economic development of far flung rural areas,
especially in mountainous terrains, where traditional electricity is
difficult to provide via traditional methods.
A report by
Transparency Market Research studies the global micro hydro electric
market to offer essential information on it. It presents a
qualitative analysis of the factors promoting and hindering the
market. The report also profiles major companies operating in the
market and leverages market-leading analytical tools to uncover
opportunities and threats they might encounter.
Global Micro Hydro
Electric Market: Drivers and Restraints
Micro hydro
electric, like hydroelectricity, is a reliable technology that relies
on a non-polluting and renewable resource like water. Unlike solar
and wind power, it can be generated round the day and year by
adjusting the flow of water. Additionally, it is an indigenous
resource, which can be easily integrated with irrigation and water
supply projects anywhere. It has shorter gestation period and gives
higher return on investment on account of lower upfront capital
required. It also has reduced operational and maintenance expenses
because of its simple designs. Because of the aforementioned unique
perceived benefits, the micro hydro electric systems have been seeing
steady uptake over the years. The burgeoning population worldwide and
developing economies have also led to the growth in the market.
Countering the
growth in the global micro hydro electric market is the limited
exposure to micro hydroelectric generators among people. Besides,
small water turbines do not have a strong efficiency, that is, a
considerable amount energy is always lost in the process of
transformation. Their efficiency level is about 75%. Power is also
lost in the pipe carrying the water to the turbine on account of
friction. To avoid this, the systematic design needs to be tweaked.
All these factors have also hobbled their swift uptake.
Global Micro Hydro
Electric Market: Geographical Segmentation
The key segments of
the global micro hydro electric market are Europe, North America,
Asia Pacific, and the Rest of the World. In Europe, Asia Pacific, and
in certain parts of Africa, water wheels were leveraged to propel
different industrial machineries, such as mills and pumps. On account
of the early initiation into the technology, the regions have been at
the forefront of adopting micro hydro electric systems. China in Asia
Pacific, so far, is the leading market in the world for micro
hydroelectricity. Small hydropower market in China is filliped by the
rural electrification programs of the Chinese government. Going
forward, the market in China is slated to progress further.
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Global Micro Hydro
Electric Market: Competitive Landscape
Some of the
prominent companies competing in the global micro hydro electric
market are Hebden Bridge Alternative Technology Centre Ltd., Rainbow
Power Company Ltd, Brownell Micro Hydro, Canyon Industries, Inc.,
Alps Power Technologies (P) Limited, and Addnew Technologies Limited.
The report studies their revenues, offerings, market shares, and
future prospects. It also studies the nature of competition in the
market and how it would pan out in the years ahead.
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