India Small Hydropower Market is expected to grow at a robust CAGR
India Small Hydropower
Market is expected to grow owing to ambitious renewable energy targets as part
of commitment to reduce greenhouse gas emissions and combat climate change throughout
the forecast period.
According to TechSci
Research report, “India Small
Hydropower Market – By Region,
Competition, Forecast and Opportunities, 2019-2029”, the India Small
Hydropower Market is expected to register robust growth during the
forecast period.
Small hydropower projects
can be implemented in decentralized energy systems, such as off-grid and mini-grid
configurations. This is particularly significant in India, given that a
substantial portion of the population resides in remote and off-grid areas. The
deployment of small hydropower projects has the potential to enhance energy
accessibility in these regions, thereby promoting economic development and
enhancing the quality of life for local communities. Small hydropower projects
provide a clean and sustainable electricity source. India's dedication to
reducing greenhouse gas emissions and addressing climate change aligns with the
development of small hydropower projects. These initiatives generate minimal
carbon emissions compared to fossil fuel-based energy sources, making them a
crucial element of India's transition to a greener energy mix. Based on capacity, the 1–10 MW segment is expected to
dominate the market during the forecast period. The Indian government has
established a regulatory framework to bolster the development of small
hydropower projects in this sector. This encompasses incentives, subsidies, and
policies aimed at streamlining approvals and fostering private sector involvement.
Advancements in turbine technology and automation systems have proven
advantageous for small hydropower projects ranging from 1 to 10 MW. These
enhancements enhance energy efficiency, mitigate operational costs, and
optimize overall project performance. Local communities are frequently engaged
in the development of small hydropower projects, leading to positive
socioeconomic outcomes such as job creation, infrastructure development, and
revenue generation for local governments. The 1-10 MW segment is anticipated to
sustain its growth trajectory as India strives to meet its renewable energy
targets. Increasing awareness of the environmental advantages associated with
small hydropower, combined with ongoing government support, contribute to the
expansion of projects within this size range. In conclusion, the 1-10 MW
segment of the India Small Hydropower Market encompasses a diverse range of
economically viable projects. These projects play a pivotal role in rural
electrification, grid stability, and sustainable development, while aligning
with India's renewable energy goals and environmental objectives.
Browse over XX market
data Figures spread through XX Pages and an in-depth TOC on the "India Small Hydropower Market."
Based on type, the Mini
Hydropower segment is projected to dominate the market throughout the forecast
period. The Indian government has established a regulatory framework to
facilitate the development of small hydropower projects in this sector. This
framework includes incentives, subsidies, and policies aimed at expediting
approvals and fostering private sector involvement. Technological advancements
in turbine technology and automation systems have greatly benefited small
hydropower projects within the 1-10 MW range, resulting in improved energy
efficiency, reduced operational costs, and enhanced overall project
performance. The engagement of local communities in the development of these
projects often leads to positive socioeconomic outcomes, including job
creation, infrastructure development, and increased revenue generation for
local governments. As India strives to achieve its renewable energy targets,
the 1-10 MW segment is expected to continue growing. The growing awareness of
the environmental advantages associated with small hydropower, coupled with
sustained government support, contributes to the expansion of projects within
this size range. In conclusion, the 1-10 MW segment of the Indian Small
Hydropower Market represents a diverse and economically viable portfolio of
projects that significantly contribute to rural electrification, grid
stability, and sustainable development, while aligning with India's renewable
energy goals and environmental objectives.
Key market players in the
India Small Hydropower Market are:-
- Bharat Heavy Electricals
Limited (BHEL)
- NHPC Limited
- Tata Power
- Larsen & Toubro
(L&T)
- Gati Infrastructure Limited
- Pennar Hydro Systems
- Jain Irrigation Systems Ltd.
- Ashden India Renewable
Energy Collective (AIREC)
- Greenko Group
- Oriental Green Power Company
Ltd.
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“The India Small Hydropower
Market in South India is poised to be the dominant force in the industry. South
India possesses considerable hydropower potential owing to its abundant rivers
and water bodies. States such as Kerala, Karnataka, Tamil Nadu, and Andhra
Pradesh have identified numerous small hydropower sites with substantial energy
generation capacities. The year-round availability of water resources, combined
with diverse elevations, enhances the viability and appeal of these projects.” said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based
global management consulting firm.
“India Small Hydropower
Market Segmented By Capacity (Up to 1 MW and 1–10 MW), By Type (Micro
Hydropower and Mini Hydropower), By Components (Electromechanical Equipment,
Electric infrastructure and Civil Works), By Region, and By Competition,
2019-2029,”
has evaluated the future
growth potential of India Small Hydropower Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in India Small Hydropower Market.
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