Administrative bottlenecks and low adoption rates are expected to hamper the industrial growth over the forecast period
Requirement to fulfil the long and complicated procedural hurdles to obtain the authorization, permits, and approvals in almost every nations is expected to be the major factor hindering the market growth. Furthermore, adoption of the methodology for power generation is still in its nascent stage with most of the potential still left untapped. For instance, over 95% of around 79,000 dams in the U.S., are not utilized for the generation of electricity.
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