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The size of the hydropower market was estimated at 238 billion USD in 2021. According to projections, the hydropower market industry will increase from USD 245.14 billion in 2022 to USD 301.49 billion in 2030, with a compound annual growth rate (CAGR) of 4.0% over the forecast period (2022- 2030). The primary factors that are most influencing the growth of the hydropower industry are the increased need for alternate energy sources and rising electricity prices.
A reduction in the overall amount of fossil fuels required to produce electricity has been attributed to the rapid demand for renewable energy sources. To reduce global warming and the escalating rate of environmental change, people have started using renewable energy sources increasingly frequently. The entire demand for electricity is expanding quickly as a result of the enormous number of new industries and industrial facilities that are joining the global market and need a huge amount of energy to remain operational. The everyday use of multiple electrical appliances has resulted in a large increase in power consumption in the home sector.
Due to the increasing emphasis on the effectiveness of conversion of renewable energy integration and its numerous applications, including water supply for agriculture and flood control, the market will increase throughout the forecast period. Due to the price volatility of fossil fuels on a broad scale and measures to strengthen energy security, the economic environment for hydropower will improve. Hydropower, which has been used for thousands of years to power paddle wheels that aid in grain grinding, is one of the earliest forms of energy. 20% of the world's electricity is produced using hydropower, the greatest renewable energy source in existence. It is an adaptable, green technology. Hydropower has one of the highest rates of energy conversion of any known source. A well-developed water collection system might provide energy to millions of people. To advance the economy and reduce poverty, there must be a reliable, consistent, and reasonably priced energy supply.
Up until 1975, the fast industrialization and economic expansion of industrialised countries—specifically, North America, Europe, Japan, and Australia—was what drove the increase in hydropower capacity. Governments positioned heavy industries close to hydropower plants during this time to maximise resource efficiency and lower transmission costs. Both Brazil and the Russian Federation ("Russia") were early users of hydropower, making efficient use of their abundant resources to increase electricity. But between 1975 and 1990, emerging and developing countries in Asia and Latin America increased their contributions to the worldwide expansion of hydropower, while the share of additions in developed economies fell below 50% for the first time. 85% of the most recent hydroelectric plant development has taken place in emerging and developing countries, continuing a consistent geographic shift that began in 1990. During this time, China has displayed unprecedented market domination in the hydropower industry, alone accounting for 50% of the rise in global gross capacity.
Outside of China, hydropower capacity has increased significantly in nations like India, Brazil, and certain key Southeast Asian economies (mostly after 2005), while sub-Saharan Africa is benefiting from the development of large reservoir plants. In many developing countries, large hydropower projects have been seen as crucial for regional economic development and irrigation plans in addition to electricity production. China has had the largest hydroelectric fleet in the world since 2005. The following countries in size are Brazil, the US, Canada, Russia, Japan, and India.
Report Coverage
Global Hydropower research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Hydropower report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Hydropower competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Hydropower market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Hydropower market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Hydropower market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Voith GmbH (Germany), ANDRITZ HYDRO GmbH (Austria), General Electric Company (U.S.), China Three Gorges Corporation (China), Alfa Laval (Sweden), Metso Corporation (Sweden), Hydro-Québec (Canada), ABB Ltd (Switzerland), Engie (France), Tata Power Corporation (India)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Hydropower market based on the below-mentioned segments:
Global Hydropower Market, By Capacity
Mini Hydropower
Micro And Pico Hydropower
Small Hydropower
Large Hydropower
Global Hydropower market, Regional Analysis
A reduction in the overall amount of fossil fuels required to produce electricity has been attributed to the rapid demand for renewable energy sources. To reduce global warming and the escalating rate of environmental change, people have started using renewable energy sources increasingly frequently. The entire demand for electricity is expanding quickly as a result of the enormous number of new industries and industrial facilities that are joining the global market and need a huge amount of energy to remain operational. The everyday use of multiple electrical appliances has resulted in a large increase in power consumption in the home sector.
Due to the increasing emphasis on the effectiveness of conversion of renewable energy integration and its numerous applications, including water supply for agriculture and flood control, the market will increase throughout the forecast period. Due to the price volatility of fossil fuels on a broad scale and measures to strengthen energy security, the economic environment for hydropower will improve. Hydropower, which has been used for thousands of years to power paddle wheels that aid in grain grinding, is one of the earliest forms of energy. 20% of the world's electricity is produced using hydropower, the greatest renewable energy source in existence. It is an adaptable, green technology. Hydropower has one of the highest rates of energy conversion of any known source. A well-developed water collection system might provide energy to millions of people. To advance the economy and reduce poverty, there must be a reliable, consistent, and reasonably priced energy supply.
Up until 1975, the fast industrialization and economic expansion of industrialised countries—specifically, North America, Europe, Japan, and Australia—was what drove the increase in hydropower capacity. Governments positioned heavy industries close to hydropower plants during this time to maximise resource efficiency and lower transmission costs. Both Brazil and the Russian Federation ("Russia") were early users of hydropower, making efficient use of their abundant resources to increase electricity. But between 1975 and 1990, emerging and developing countries in Asia and Latin America increased their contributions to the worldwide expansion of hydropower, while the share of additions in developed economies fell below 50% for the first time. 85% of the most recent hydroelectric plant development has taken place in emerging and developing countries, continuing a consistent geographic shift that began in 1990. During this time, China has displayed unprecedented market domination in the hydropower industry, alone accounting for 50% of the rise in global gross capacity.
Outside of China, hydropower capacity has increased significantly in nations like India, Brazil, and certain key Southeast Asian economies (mostly after 2005), while sub-Saharan Africa is benefiting from the development of large reservoir plants. In many developing countries, large hydropower projects have been seen as crucial for regional economic development and irrigation plans in addition to electricity production. China has had the largest hydroelectric fleet in the world since 2005. The following countries in size are Brazil, the US, Canada, Russia, Japan, and India.
Report Coverage
Global Hydropower research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Hydropower report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Hydropower competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Hydropower market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Voith GmbH (Germany), ANDRITZ HYDRO GmbH (Austria), General Electric Company (U.S.), China Three Gorges Corporation (China), Alfa Laval (Sweden), Metso Corporation (Sweden), Hydro-Québec (Canada), ABB Ltd (Switzerland), Engie (France), Tata Power Corporation (India) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Hydropower Market from 2021 to 2030.
- Market Forecast for Hydropower Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Hydropower competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Hydropower
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Hydropower market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Hydropower market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Voith GmbH (Germany), ANDRITZ HYDRO GmbH (Austria), General Electric Company (U.S.), China Three Gorges Corporation (China), Alfa Laval (Sweden), Metso Corporation (Sweden), Hydro-Québec (Canada), ABB Ltd (Switzerland), Engie (France), Tata Power Corporation (India)
Primary Target Market
- Market Players of Hydropower
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Hydropower market based on the below-mentioned segments:
Global Hydropower Market, By Capacity
Mini Hydropower
Micro And Pico Hydropower
Small Hydropower
Large Hydropower
Global Hydropower market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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