Small Hydropower Market Trends

Small Hydropower Market Analysis

U.S. small hydropower industry is projected to exceed 46.2 GW by 2034. The federal government is committing to reducing greenhouse gas emissions and increasing their share of renewable energy in the energy mix. These policies are directly driving the adoption of small hydropower, as it provides a clean and reliable energy source. Incentives, tax credits, and grants for small hydropower installations are also common in many regions, further encouraging growth.
 

Small hydropower offers a practical solution to provide electricity to remote and off-grid communities. Many rural and isolated areas around across the Asia Pacific region still lack reliable access to the grid, and small hydropower offers a localized, cost-effective solution. Therefore, for isolated communities in the Asia Pacific region with suitable water resources, small hydropower can be a vital source of power. These systems reduce dependence on fossil fuels, improve energy security, and help local communities become more self-sufficient, which is increasingly seen as a critical benefit.