MICROHYDRO-ELECTRIC SYSTEMS MARKET ANALYSIS

Microhydro-Electric Systems MarketSize and Trends

Increasing emphasis for the exploitation of green energy sources is anticipated to leverage the demand for utilization of the available water sources

High global dependency on the fossil fuels is expected to decline due to limited availability of resources and the associated impact of fossil fuels on environment over the forecast period. According to Coherent Market Insights analysis report, around 60 countries utilize the available water resources to meet more than 50% of the overall electrical energy requirements. Micro-hydro power generation has gained considerable momentum, owing to its increased social as well as financial benefits over the large hydro power stations. Short gestation period, high return on investment (ROI), low capital investments, easy commissioning, and construction are some of the factors augmenting the market growth. Moreover, factors such as the impact on local habitat, effect on rehabilitation, deforestation, and other associated issues owing to submergence of the large areas can be eliminated with the introduction of microhydro-electric systems.