Hydropower Market research report employs a number of steps for collecting, recording, analysing and interpreting market data to make this report all-inclusive. The data and information concerning the Energy industry are derived from consistent sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the market experts. This market report makes available statistics on the current state of the industry as a valuable source of guidance and direction for companies and investors interested in this market. Hydropower Market research report also endows with the list of the leading competitors and their moves such as joint ventures, acquisitions, and mergers etc.
Hydropower Market size was estimated at USD 237.7 billion in 2022 and is projected to reach USD 296.5 billion in 2030 at a CAGR of 2.8% during the forecast period 2023-2030.
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This renewable energy source is in high demand all over the world due to the increasing awareness of rapid climate change and global warming. As a result, the hydropower market has recorded significant revenue growth over time, thanks to the large number of potential consumers who are opting for renewable sources of energy instead of conventional fossil fuels. The use of renewable energy sources like hydropower helps to reduce the carbon footprint and mitigate the effects of climate change.
Rapid industrialization and urbanization in developing countries like China and India have led to a surge in demand for electricity. This has further increased the demand for renewable energy sources like hydropower to meet the growing power demand. Governments of various countries, including the US, Germany, India, Japan, and China, have launched initiatives to reduce their carbon footprint. This has led to a surge in demand for renewable energy sources for power generation, including hydropower.
Key Findings
- On the basis of type, the segment of micro hydropower refers to small-scale hydropower projects that generate up to 1 MW of energy. This segment has emerged as the largest global segment in the hydropower market due to the increasing demand for this type of project.
- On the basis of Capacity, the hydropower market has different segments based on the capacity of the standalone systems. The segment of up to one MW has emerged as the largest global segment of the standalone systems. This segment provides electricity to the smaller sectors of society that do not have access to larger hydropower plants. The availability of resources such as flowing water in the foothills and through mountain ranges has led to an increasing demand for this particular segment.
- On the basis of component, the civil construction segment has the largest share in the hydropower market in 2021. This segment involves the construction of dams, powerhouses, and other infrastructure required for hydropower generation. Small power projects, which are a part of the civil construction sector, contribute significantly to the total cost of this segment. These projects involve the installation of turbines and other equipment required for power generation.
- China is currently the world's largest producer of hydropower, with over 27.2% of the world's built hydroelectric capacity as of 2019. This means that China has built more dams and other hydropower facilities than any other country in the world.
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Competitive Landscape
- Siemens Energy
- General Electric (GE)
- Voith GmbH Co. KGaA
- TOSHIBA CORPORATION
- FLOVEL Energy Private Limited
- ANDRITZ
- Natel Energy
- Gilkes
- Bharat Heavy Electricals Limited
- SNC-Lavalin Group
- Kolektor
- Mavel, a.s.
- Canyon Hydro
- PJSC RusHydro
- EDF
- RusHydro
- Hydro-Québec
- Duke Energy
Recent Developments
- May 2023, Satluj Jal Vidyut Nigam (SJVN) of India has been granted permission by Nepal to develop a second hydropower project in the country. Currently, the firm is developing a 900-MW Arun-III hydroelectric project located on the Arun River in Eastern Nepal. This project is scheduled to be completed in 2024. Investment Board Nepal (IBN) has approved to build of the 669 MW Lower Arun hydropower project in eastern Nepal.
- December 2022, China announced the completion of its second-largest hydropower facility, the Baihetan hydropower plant, on the upstream branch of the Yangtze River. This facility will be equipped with 16 one-GW turbines.
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Competitive Analysis:
- Global Players Revenue Ranking
- Revenue by Company
- Global Players Sales Volume Ranking
- Sales Volume by Company Players
- Average Price by Company
- Manufacturing Base Distribution and Headquarters
- Product Offered
- Mergers Acquisitions, Expansion
Major highlights from Table of Contents:
- It includes major manufacturers, emerging player's growth story, and major business segments of keyword Market Opportunities Growth Trend to 2030 market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
- Opportunities Growth Trend to 2030 Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
- Production by Regional Market Profiles of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.
Market Report Answers the Following Questions:
- At what growth rate will the market be projected to grow during the forecast period to 2030?
- What will be the market value in the future?
- What are the key opportunities of the market?
- Who are the major players operating in the market?
- How feasible is Market for long-term investment?
- What are the market's opportunities, risks, and general structure?
- What does a business area's assessment of agreements, income, and value implicate?
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