Europe Small Hydropower Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 4.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Europe Small Hydropower Market Analysis
The Europe small hydropower market is expected to register a CAGR of over 4% during the forecast period.
The market was negatively impacted by COVID-19 in 2020. Presently, the market reached pre-pandemic levels.
- Over the medium term, increased investments and ambitious hydropower targets are expected to drive the market's growth.
- On the other hand, technical drawbacks of the string inverters are expected to hamper the growth of Europe's small hydropower market during the forecast period.
- Nevertheless, in the forecast period, an increasing number of new small hydropower projects backed by government support will likely create lucrative growth opportunities for the Europe small hydropower market.
- Norway dominates the market and would likely witness the highest CAGR during the forecast period. This growth is attributed to the increasing investments, coupled with supportive government policies in the country.
Europe Small Hydropower Market Trends
This section covers the major market trends shaping the Europe Small Hydropower Market according to our research experts:
1-10 MW Capacity Segment to Dominate the Market
- The 1-10 MW capacity segment is projected to be the most abundant small hydropower market during the forecast period. This is attributed to the small-scale decentralized projects deployed in Europe for electrification.
- In 2021, Europe's hydropower installed capacity recorded 224 GW. The total hydropower installed capacity includes hydropower generated for small, medium, and large-scale hydropower projects.
- Europe has witnessed significant growth in the 1-10 MW segment of the small hydropower market, with most installations coming from countries like Norway, France, and Italy. The demand for small hydropower is driven by increasing investments in rural electrification in these countries.
- In November 2021, The European Investment Bank (EIB) announced the funding of EUR49 million to Iniziative Bresciane SpA (INBRE) to construct 12 small run-of-river hydroelectric plants for the enhancement and restoration of 13 river weirs on the Arno river in Tuscany, Italy. INBRE will lend the EIB funds to Iniziative Toscane (Intos) for the project.
- Moreover, in September 2022, Voltalia announced plans to develop a 2.9MW run-of-river hydroelectric power station in the commune of Maripa-Soula in French Guiana. The company signed a 30-year contract with EDF SEI for the sale of electricity, and the contract due to start with the commissioning of the project is scheduled for 2026. The French Energy Regulation Commission (CRE) authorized the deal.
- Therefore, based on the factors mentioned above, the 1-10 MW capacity segment is expected to dominate the Europe small hydropower market during the forecast period.
Norway to Dominate the Market
- Norway has the largest installed hydropower fleet in Europe, which increased its capacity by 396 MW in 2021 including around 70 MW from upgrades at existing plants. About 50 new projects commissioned were small-scale hydro below 10 MW in size, in addition to the 62 MW Jølstra, 42 MW Tolga and 22 MW Herand larger hydropower stations.
- Norway's small hydropower plants were completed on time to meet the deadline for green electricity certificates, a national subsidy scheme covering all renewable energy sources that ended in December 2021.
- In 2021, Norway was the largest hydropower-producing country in Europe, with some 144 terawatt-hours generated. Norway is also the leading European country in terms of installed hydropower capacity. Sweden ranked second in hydropower generation in the region, with 71 terawatt-hours.
- In May 2022, Statkraft, Europe's largest renewable energy company, commenced the two small-scale hydropower power plants, Vesle Kjela and Storlia, located on opposite sides of the Hardanger mountain plateau. The plants produce enough electricity to power around 4,000 Norwegian households annually.
- Therefore, based on the above-mentioned factors, Norway is expected to dominate the Europe small hydropower market during the forecast period.
Europe Small Hydropower Industry Overview
Europe's small hydropower market is moderately fragmented in nature. Some of the major players in the market (in no particular order) include Voith GmbH & Co. KGaA, Siemens Energy AG, Andritz AG, GE Renewable Energy, and Electricite de France SA (EDF).
Europe Small Hydropower Market Leaders
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Voith GmbH & Co. KGaA
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Siemens Energy AG
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Andritz AG
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GE Renewable Energy
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Electricite de France SA (EDF)
*Disclaimer: Major Players sorted in no particular order
Europe Small Hydropower Market News
- In September 2022, Voltalia announced plans to develop a 2.9MW run-of-river hydroelectric power station in the commune of Maripa-Soula in French Guiana. The company signed a 30-year contract with EDF SEI for the sale of electricity, and the contract due to start with the commissioning of the project, scheduled for 2026. The French Energy Regulation Commission (CRE) has authorized the deal.
- In November 2021, The European Investment Bank (EIB) announced the funding of EUR49 million to Iniziative Bresciane S.p.A. (INBRE) to construct 12 small run-of-river hydroelectric plants for the enhancement and restoration of 13 river weirs on the Arno river in Tuscany, Italy. INBRE will lend the EIB funds to Iniziative Toscane (Intos) for the project.
Europe Small Hydropower Market Report - Table of Contents
1. INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
2. EXECUTIVE SUMMARY
3. RESEARCH METHODOLOGY
4. MARKET OVERVIEW
4.1 Introduction
4.2 Small Hydropower Installed Capacity and Forecast in GW, till 2027
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.2 Restraints
4.6 Supply Chain Analysis
4.7 Industry Attractiveness - Porter's Five Forces Analysis
4.7.1 Bargaining Power of Suppliers
4.7.2 Bargaining Power of Consumers
4.7.3 Threat of New Entrants
4.7.4 Threat of Substitute Products and Services
4.7.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
6. Capacity
6.1 Up to 1 MW
6.2 1-10 MW
7. Geography
7.1 United Kingdom
7.2 Norway
7.3 Netherlands
7.4 Germany
7.5 Rest of Europe
8. COMPETITIVE LANDSCAPE
8.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
8.2 Strategies Adopted by Leading Players
8.3 Company Profiles
8.3.1 Voith GmbH & Co. KGaA
8.3.2 Siemens Energy AG
8.3.3 Andritz AG
8.3.4 GE Renewable Energy
8.3.5 Iberdrola SA
8.3.6 Electricite de France SA (EDF)
8.3.7 PJSC RusHydro
8.3.8 Gilbert Gilkes & Gordon Ltd.
8.3.9 Kolektor Group
- *List Not Exhaustive
9. MARKET OPPORTUNITIES AND FUTURE TRENDS
Europe Small Hydropower Industry Segmentation
Small hydro is the development of hydroelectric power on a scale suitable for local communities and industry or contributing to distributed generation in a regional electricity grid. The small hydro project has less than 10 megawatts (MW) of installed capacity.
The Europe small hydropower market is segmented by capacity and geography. By capacity, the market is segmented into up to 1 MW and 1-10 MW. The report also covers the market size and forecasts for the Europe small hydropower market across major countries. For each segment, the market sizing and forecasts have been done based on installed capacity (GW).
Europe Small Hydropower Market Research FAQs
What is the current Europe Small Hydropower Market size?
The Europe Small Hydropower Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Europe Small Hydropower Market?
Voith GmbH & Co. KGaA, Siemens Energy AG, Andritz AG , GE Renewable Energy and Electricite de France SA (EDF) are the major companies operating in the Europe Small Hydropower Market.
What years does this Europe Small Hydropower Market cover?
The report covers the Europe Small Hydropower Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Europe Small Hydropower Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Europe Small Hydropower Industry Report
Statistics for the 2024 Europe Small Hydropower market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Small Hydropower analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
