Small Hydropower Market to Record an Exponential CAGR by 2025
The
leaders in the Africa small hydropower market - ESKOM Holdings,
Africa Infrastructure Investment Managers, and Siemens AG - have all
held significant shares in terms of value for 2015, despite the
governments owning the majority of the projects. The collective share
of 34% in value by the above players can be related to the massive
volume of the Africa small hydropower market held in government
projects and regional players.
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As
stated in a research report published by Transparency Market
Research, the overall competitive scenario within the Africa small
hydropower market is likely to remain diverse over the coming years.
The large number of service providers is expected to be beneficial to
the market’s growth rate in general. At the same time, the overall
degree of competition will be determined by the successful and
appealing product differentiation brought out by players as well as
the maintenance of high value brand identity by the leaders. The
Africa small hydropower market is likely to remain a difficult egg to
crack for new entrants due to the need to possess expensive
proprietary technology. While small hydropower remains a solid source
of renewable energy, the rate at which other technologies in
renewables is advancing at a swift rate, increasing the threat
received by the Africa small hydropower market from alternatives.
The
African Small Hydropower market’s potential capacity was 9,752.9 MW
in 2015 and is projected to reach 49,706.1 MW by 2024, after
expanding at a CAGR of 19.2% from 2016 to 2024.
Low
Environment Impact a High Plus for Africa Small Hydropower Market
When
it comes to power generation, one of the greater concerns in the
world today is the provision of greener energy. This impacts a region
on multiple levels. Governments today are fully aware of the
worsening effect that continued consumption of non-renewables is
going to have on other natural resources as well as the integrity of
soil, flora, and fauna. At the same time, renewable energy source
present a sustainable and cheap source of energy, a factor of high
value for a lot of countries, especially the ones with developing
economies,” states a TMR analyst. The overall impact of this driver
is already very high and is expected to climb higher over the coming
years. Small hydropower projects especially hold a unique spot in
renewables due to the fact that they cause little to no change in the
flow of the water, increase its temperature, or deplete the oxygen
level in the water.
Other
factors also driving the Africa small hydropower market include the
low cost associated with the overall generation of hydropower in the
long run, as well as the lower capital required to setup small
hydropower as compared to other renewables.
Low
Access to Small Hydropower Tech Hinders Large-scale Implementation
A
lot of regions in Africa are currently out of reach for a number of
energy projects, due to their location or the overall lack of
technology held by the nations. The Africa small hydropower market is
affected by this as well, as the large-scale use of small hydropower
becomes next to impossible due to the inaccessibility of relevant
technologies to all regions. This is a consistent problem in mini,
micro, and pico hydropower projects as well. Other factors
diminishing the growth rate of the Africa small hydropower market
include the low local capacities of a majority of regions and the
absence of supportive infrastructure.
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The
high-level analysis in the report provides detailed insights into the
small hydropower business globally. There are currently numerous
drivers of the market. One of the most prominent drivers is the low
generation cost compared to other off-grid renewable technologies.
Market attractiveness analysis was carried out for the small
hydropower market on the basis of installed capacity and untapped
potential. Market attractiveness was estimated on the basis of common
parameters that directly impact the market in different regions.
The
small hydropower market was analyzed across five geographies: North
America, Asia Pacific, Europe, Middle East and Africa, and South and
Central America. Regional data has been provided for each sub-segment
of the small hydropower market. Key players in the small hydropower
market include Voith GmbH, ANDRITZ HYDRO GmbH, Alstom S.A., BC Hydro,
and StatKraft AS. The report provides an overview of these companies,
followed by their financial details, business strategies, and recent
developments.
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