U.S. Small Hydropower Market Driver, Trends, Applications 2028
U.S. Small Hydropower Industry Overview The U.S. small hydropower market size is expected to reach USD 344.93 million in 2020, registering a CAGR of 1.8% over the forecast period, according to a new report by Grand View Research, Inc. Increasing demand for renewable energy in the U.S. is expected to drive the market over the forecast period. The recent outbreak of COVID-19 has disrupted supply chains and sharply curtailed commodity demand. Restriction in supply and transportation, due to the slowdown or halt in factory operations and partial or nationwide lockdown in the country to restrain the spread of the coronavirus, is expected to have a negative impact on the market growth. U.S. Small Hydropower Market Segmentation Grand View Research has segmented the U.S. small hydropower market on the basis of capacity, type, and component: Based on the Capacity Insights, the market is segmented into UP to 1 MW and 1 MW - 10 MW. In terms of revenue, up to 1 MW capacity segmen...