The hydroelectric power generation market size is expected to see steady growth in the next few years. It will grow to $381.60 billion in 2028 at a compound annual growth rate (CAGR) of 4.8%. The growth in the forecast period can be attributed to climate change mitigation, market liberalization, grid modernization, energy storage integration, geopolitical factors. Major trends in the forecast period include investment and financing trends, technological innovation, public-private partnerships, technological advancements, digitalization and smart technologies.
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Scope Of Hydroelectric Power Generation Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Hydroelectric Power Generation Market Overview
Market Drivers –
The rise in clean energy consumption is expected to propel the growth of the hydroelectric power generation market going forward. Clean energy consumption refers to using renewable energy sources and energy efficiency measures to reduce environmental impact and dependence on fossil fuels. Clean energy consumption has increased due to technological advancements, supportive policies, climate change concerns, energy security benefits, corporate sustainability initiatives, public support, and investor interest. Hydroelectric power generation provides a reliable, renewable, and low-carbon source of electricity while offering various economic, environmental, and social benefits for clean energy consumption. For instance, according to reports published by the Department for Energy Security and Net Zero, a UK-based government department, renewable electricity generation reached 30.1 terawatt-hours (TWh) in Quarter 3 of 2023, which is a 6.8% increase compared to the same period in 2022. Therefore, the rise in clean energy consumption is driving the growth of the hydroelectric power generation market.
Market Trends –
Major companies operating in the hydroelectric power generation market focus on technological advancements such as mini hydropower systems for remote locations that are usable with solar plus storage. This advanced system generates electricity using the energy of flowing water. Such systems typically produce up to 100 kilowatts of electricity and are suitable for homeowners, small businesses, farms, and ranches. For instance, in March 2022, Ricoh Company Ltd., a Japan-based imaging and electronics company, launched a pico-hydro generation system that can be used with factory drainage systems and irrigation canals. Pico-hydro systems are all hydropower systems with a capacity of less than 5 kW and are commonly used as a cheap and easy-to-deploy power source in the world’s most inaccessible places.
The hydroelectric power generation market covered in this report is segmented –
1) By Type: Dike Type, Diversion Hydropower Station, Mixed Type, Tide, Pumped Storage
2) By Capacity: Small Hydro Power Plant (Up to 1MW), Medium Hydro Power Plant (1MW – 10MW), Large Hydro Power Plant (Above 10MW)
3) By Application: Residential, Commercial, Industrial
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Regional Insights –
Asia-Pacific was the largest region in the hydroelectric power generation market in 2023. The regions covered in the hydroelectric power generation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the hydroelectric power generation market are Enel S.p.A., Électricité de France Group, Engie Energy International, Iberdrola S.A., Duke Energy Corporation, Ørsted A/S, Statkraft AS, General Electric Renewable Energy, American Electric Power (AEP), Hydro-Québec Corp., Siemens Gamesa Renewable Energy SA, Korea Hydro & Nuclear Power (KHNP) Corp., Tennessee Valley Authority (TVA), Andritz AG, Sinopec Engineering Group, Eletrobras – Centrais Elétricas Brasileiras S.A., Brookfield Renewable Partners LP, British Columbia Hydro and Power Authority, PJSC RusHydro, Voith Hydro AG, Agder Energi, Innergex Renewable Energy Inc., National Hydroelectric Power Corporation (NHPC), China Three Gorges Corporation, Tokyo Electric Power Company Holdings (TEPCO) Inc.
Table of Contents
1. Executive Summary
2. Hydroelectric Power Generation Market Report Structure
3. Hydroelectric Power Generation Market Trends And Strategies
4. Hydroelectric Power Generation Market – Macro Economic Scenario
5. Hydroelectric Power Generation Market Size And Growth
…..
27. Hydroelectric Power Generation Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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