U.S. Small Hydropower Market registering a CAGR of 1.8% over the forecast period
U.S. Small Hydropower Industry Overview The U.S. small hydropower market size was valued at USD 307.96 million in 2020 and is projected to expand at a compound annual growth rate (CAGR) of 1.8% from 2021 to 2028. Increasing demand for renewable energy in the U.S. is expected to drive the market over the forecast period. The rising need to modernize small hydropower projects to promote power generation and extend the life of assets to cope with the ever-increasing demand for electricity is anticipated to fuel the market growth. Increasing greenhouse emissions due to the growing power consumption have prompted the United Nations Industrial Development Organization (UNIDO) and Federal Energy Regulatory Commission (FERC) to adopt certain renewable energy measures. Gather more insights about the market drivers, restrains and growth of the U.S. Small Hydropower Market Furthermore, policies by the Federal Energy Regulatory Commission to encourage r...