Hydropower Market by Region Asia Pacific, North America, Europe,...

Hydropower Market by Region Asia Pacific, North America, Europe, South America, and Middle East & Africa

Posted 2023-10-18 09:18:47

Market Research Future Insights:

Hydropower is the largest source of renewable energy in the world, providing about 17% of global electricity generation in 2022. It is a clean, reliable, and affordable source of energy that can help to reduce greenhouse gas emissions and combat climate change.

The global hydropower market is expected to grow at a compound annual growth rate (CAGR) of 3.0% from 2023 to 2030, reaching a value of USD 301.49 billion by 2030.

Due to hydropower's low Levelized cost, high capacity utilisation rate, and simplicity of grid parity, the growth of the global hydropower market will be boosted. According to a recent Energy Information Administration (EIA) report, hydroelectricity has a capacity utilisation factor (CUF) of over 60%, compared to solar PV's 25%. The worldwide hydropower market will be driven by strict government regulations aimed at lowering the world's carbon footprint and the depletion of conventional resources.

The worldwide hydropower market, however, may be constrained by the high initial investment costs of hydroelectric infrastructure, safety concerns surrounding it, the development of modern technologies and the introduction of substitute products.

Regional Analysis:

The region is segmented into North America, Europe, Asia Pacific and the rest of the world.

Market Segmentation:

An overview of the global Hydroelectric power industry is given and tracks one market segment across four geographical areas. The study of key market participants includes a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia Pacific (APAC), and the rest of the world (ROW). The research also includes a prediction, concentrating on the market prospects for each region over the following five years. The study's scope includes both regional and capacity-based segmentation of the worldwide hydropower market.

By Capacity, it is further segmented into Hydropower, Micro and Pico Hydropower, Small Hydropower and Large Hydropower.

Key Players:

· 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)