What is the current size and annual growth rate of the hydro electricity market?
The hydro electricity market size has grown steadily in recent years. It will grow from $319.18 billion in 2024 to $333.82 billion in 2025 at a compound annual growth rate (CAGR) of 4.6%. The growth in the historic period can be attributed to growth in early industrialization and power generation, large-scale dam construction, rural electrification programs, world wars and energy demands, deregulation and market reforms.
The hydro electricity market size is expected to see steady growth in the next few years. It will grow to $380.78 billion in 2029 at a compound annual growth rate (CAGR) of 3.3%. The growth in the forecast period can be attributed to renewable energy targets, storage solutions integration, hydropower in climate resilience strategies, investment in infrastructure, policy support and incentives. Major trends in the forecast period include hydropower in climate mitigation strategies, community and stakeholder engagement, hydropower as baseload power, grid modernization and integration, hydropower expansion in developing countries.
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Which industry factors have accelerated the hydro electricity market’s expansion?
Favorable laws in emerging countries are projected to drive the hydroelectricity market. Governments across the globe are introducing policies that aid the growth of the hydroelectricity market. For instance, in 2022, according to the International Energy Agency (IEA), a France-based government organization, the United States passed the Inflation Reduction Act in August 2022, which extended tax credits for hydropower technologies, reflecting a growing recognition of the need for renewable energy sources. The introduction of favorable laws will boost the demand for hydropower and, in turn, drive the growth of the hydro electricity market.
What are the primary segments of the hydro electricity market?
The hydro electricity market covered in this report is segmented –
1) By Product Type: Dike Type, Diversion Hydropower Station, Mixed Type, Tide, Pumped Storage
2) By Capacity: Large, Medium, Small
3) By Application: Residential, Commercial, Industrial
Subsegments:
1) By Dike Type: Dike Type Hydropower Plants, Earthen Dike Systems
2) By Diversion Hydropower Station: Run-of-River Hydropower Stations, Low-Head Diversion Systems
3) By Mixed Type: Combined Dike And Diversion Systems, Hybrid Hydropower Solutions
4) By Tide: Tidal Stream Energy Systems, Tidal Range Energy Systems
5) By Pumped Storage: Pumped Storage Hydropower Stations, Off-Peak Pumped Storage Systems
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Which firms are leading the hydro electricity market?
Major companies operating in the hydro electricity market include Andritz Hydro, BC Hydro, China Yangtze Power Co. Ltd., EDF (Électricité de France), Engie SA, General Electric Power, Iberdrola SA, Manitoba Hydro, National Hydroelectric Power Corporation (NHPC), RusHydro, Statkraft AS, Tata Power, Voith Hydro, Brookfield Renewable Partners, Innergex Renewable Energy, Sembcorp Industries, Duke Energy Corporation, Pacific Gas and Electric Company (PG&E), Hydro-Québec, Fortum Oyj, Itaipu Binacional, Ontario Power Generation, Pacific Hydro, Enel Green Power, Tokyo Electric Power Company (TEPCO), Sinohydro Group Ltd., Scottish Power, Kansai Electric Power
Which market trends are set to define the future of the hydro electricity market?
Major companies operating in hydroelectricity market are focused on developing innovative self-powered hydropower cellular base station to enhance connectivity in remote areas, reduce reliance on traditional power sources, and support sustainable energy infrastructure in off-grid locations. A self-powered hydropower cellular base station is a telecommunications facility that generates its own electricity from a nearby hydropower source, such as a river or stream, to power cellular network equipment. For instance, in May 2024, NTT Docomo Inc., a Japan-based mobile operator company launched Japan’s first demonstration experiment of a self-powered hydropower cellular base station. This innovative project aims to explore the feasibility of using hydropower sourced from irrigation canals to sustainably power mobile communication networks, particularly in rural areas where traditional power sources may be less practical.
Which geographic trends are shaping the hydro electricity market, and which region has the highest market share?
The countries covered in the hydro electricity market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
What Does The Hydro Electricity Market Report 2025 Offer?
The hydro electricity market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Hydroelectricity refers to a renewable source of energy that generates power by using a dam or diversion structure to alter the natural flow of a river or other body of water. Hydropower stations convert the kinetic energy of flowing or falling water into electrical energy, which is provided to power transmission systems.
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