Global small hydropower is projected to reach an installed capacity of 146.65GW by 2023, according to a new report. Market installed capacity stood at 110.77GW in 2014 and is set for a compound annual growth rate of 2.85% from 2015-23.
Entitled Small Hydropower Market by installed capacity - Global Industry Analysis, Size, Share, Growth Trends, and Forecast, 2015 - 2023, the report was released by global market intelligence company Transparency Market Research.
Highlights of the publication include that Asia Pacific was the largest market for small hydropower accounting for 70.3% of the global market in 2014, with Europe being the second-largest. China is the leader in terms of installations, followed by India and Japan.
Italy spearheads the small hydropower market in Europe with well-structured policies and large funding for market development. North America was the third-largest market for small hydropower, in terms of market share, in 2014. Looking to the future, the Middle East and African market is expected to witness significant growth with an increase in electricity demand from renewable energy across Kenya, Nigeria, and Egypt
More details about the report can be found at http://www.transparencymarketresearch.com/small-hydropower-market.html