Run-of-the-river power systems are hydroelectric systems that harvest the energy from flowing water to generate electricity in the absence of a large dam and reservoir"which is how they differ from conventional impoundment hydroelectric facilities. A small dam may be used to ensure enough water goes in the penstock, and possibly some storage (for same day use). Run-of-the-River primarily uses the natural flow rate of water to generate power"instead of the power of water falling a large distance.
MARKET DYNAMICS
Run of river (ROR) power market size is expected to gain notable proceeds during forecasted period with the higher demand for hydropower to meet renewable, indigenous, reliable, and climate-friendly requirements on account of the growing emphasis on the reduction of carbon footprints. The increasing adoption of ROR systems by numerous provincial utilities to replace inefficient and polluting diesel-electric generators, and to offer clean power to isolated and small communities, will further contribute to shaping the industry growth curve.
MARKET SCOPE
The ?Global Run of River Power Market Analysis to 2028" is a specialized and in-depth study of the consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the run of river power market with detailed market segmentation by type. The global run of river power market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading run of river power market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
1. By Type: The global market is bifurcated into Pondage, and Without Pondage.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It also provides market size and forecast estimates from the year 2018 to 2028 concerning five major regions, namely; North America, Europe, Asia- Pacific (APAC), Middle East and Africa (MEA), and South America. The run of river power market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the run of river power market from both the demand and supply sides. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive best analysis for all five regions, namely; North America, Europe APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the run of river power market in these regions.
IMPACT OF COVID 19
The ongoing COVID-19 pandemic triggered a backtracking impact on the global economy and contributed to major social and lifestyle changes considering the regulation of stringent lockdown policies and trade limitations. Its effects were also felt on the hydropower industry as it brought disrupted supply chains and potential delays in a number of projects, which in turn plummeted the run of river power market share. However, the incessant need for power supply across many countries to deliver essential health and other services in the present day has sustained the demand for the ROR systems. The advent of new approaches to reconsider the critical infrastructure and interconnections between the countries will also act as a booster for the industry forecast in the post-pandemic era.
MARKET PLAYERS
The report covers vital developments in the run of river power market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships and collaborations. These activities have paved the way for the expansion of businesses and the customer base of market players. The market players from the run of river power market are anticipated to have lucrative growth opportunities in the future with the rising demand for run of river power in the global market. Below mentioned is the list of a few companies engaged in the run of river power market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the run of river power market. Decide the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.
1. ABB Ltd
2. Alstom Hydro
3. Andritz Hydro
4. China Hydroelectric Corporation
5. China Three Gorges Corporation
6. CPFL Energia S.A.
7. GE Energy
8. Gerdau S.A.
9. IHI Corporation
10. Sinohydro Corporation