Market research Future Hydropower Market Share, Size, Trend, Segmentation | Page 4

Hydropower Market Research Report- Forecast to 2023
3 Market Research Analysis
Small Hydropower segment is expected to grow at the fastest rate
The low civil construction rate associated with growing measures to limit the carbon emissions will boost
the small hydropower market. Favorable renewable policy model along with financial assistance by the
institutions including climate aligned bonds, Aquila Capital and World Bank will drive the small & large
scale hydropower across the globe. In 2015, the Economic Community of West African States (ECOWAS)
introduced the Small-Scale Hydro Power (SSHP) Program with a target of achieving 33% share of the
overall energy mix by 2020 under the ECOWAS Renewable Energy Policy (EREP). The overall costing
of the small scale hydropower is the crucial factor as compared to other capacity, which will drive the
global small scale hydropower
.
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