The Hydropower Market study report provides an inclusive breakdown of the Hydropower Market size across the world as regional and nation level market size evaluation, CAGR estimation of market growth during the forecast period, revenue, key drivers, competitive background, and sales examination of the financiers. Along with that, the report clarifies the foremost challenges and risks to face in the forecast period. This Hydropower Market research report gives a helpful view regarding the economic outlook of the international market. It comprises detailed picture of the segment demonstration of the key universal players working in the market. The research analysis also prepares historical record with profits expectations during the estimate period and, the business producing of the prominent industrialists are also underlined with methodological records in the report.

The global 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. The increasing demand for renewable energy sources is expected to drive the growth of the hydropower market further in the future.

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. As a result of the increasing demand for renewable energy sources, various hydropower generation projects have been established across the globe, especially in the Asia-Pacific region. This is to meet the growing renewable power demand and reduce the dependency on fossil fuels for power generation.

The outbreak of COVID-19 has had a significant impact on the global hydropower market. This is because the pandemic has caused disruptions in the international supply chain, which has affected the production and distribution of hydropower equipment and components. The pandemic has led to a reduction in investment for upcoming hydropower projects. This is because many investors are hesitant to invest in new projects due to the uncertainty caused by the pandemic and the economic downturn it has caused. Although the hydropower market is driven by annual additions, some projects are expected to be delayed during the forecast period due to COVID-19 related lockdown measures. This is because lockdowns have led to a slowdown in construction activities and have made it difficult for workers to travel to project sites.

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. Micro hydropower projects are particularly suitable for providing energy to rural areas and small communities that do not have access to large-scale power production plants. The huge number of people who are dependent on micro hydropower projects for their energy needs has become a major driving force for the growth of this segment.

·         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. The demand for this segment is driven by the need to provide energy to remote areas that are not connected to the main grid. The next segment discussed under this category is one MW to ten MW capacity, which is usually used for feeding the main grid.

·         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. The setting up of the entire hydropower system requires a specific arrangement to allow water to enter the turbines properly and generate the best possible results. This involves raising the water head level and constructing dams to store water. Civil professionals play a crucial role in the construction of dams and other infrastructure required for hydropower generation. Their inclusion in the system helps this segment to record considerable revenue over time.

·         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. Other countries that are major producers of hydropower include Brazil, the United States, Canada, India, and Japan. These countries have also built large-scale hydroelectric projects that generate significant amounts of electricity.

Regional Analysis

North America to Dominate the Market

·         Asia-Pacific is expected to be the fastest-growing market during the forecast period, with the majority of the demand coming from countries like China, India, Japan, etc.

·         Emerging technological trends aimed at increasing hydropower generation in Asia-pacific are expected to provide significant opportunities for the hydropower market in the coming years.

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

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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.

Reasons to Acquire

·         Increase your understanding of the market for identifying the most suitable strategies and decisions based on sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors.

·         Gain authentic and granular data access for the Hydropower Market to understand the trends and the factors involved in changing market situations.

·         Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.

·         In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.

Table of Contents

Hydropower Market By Type, By Component, By capacity, By End-User and region:

Based on Type

·         Mini hydropower

·         Micro hydropower

·         Based on the capacity

·         Above 100 MW

·         Under 10 MW

·         Others

Based on the Component

·         Civil Construction

·         Electrochemical Equipment

·         Electric

·         Power Infrastructure

·         Others

Based on End-User

·         Industrial

·         Utility

·         Others

Based on region

Asia Pacific

·         Japan

·         China

·         India

·         Australia

·         South Korea

·         Vietnam

·         New Zealand

·         Philippines

·         Thailand

·         Malaysia

·         Hong Kong

·         Taiwan

·         Singapore

·         Indonesia

·         Sri Lanka

·         Rest of Asia-Pacific

North America

·         U.S.

·         Canada

·         Mexico

Europe

·         Germany

·         U.K.

·         France

·         Italy

·         Spain

·         Sweden

·         Austria

·         Finland

·         Belgium

·         Turkey

·         Russia

·         Poland

·         Hungary

·         Czech Republic

·         Switzerland

·         Netherlands

·         Rest of Europe

·         South America

·         Brazil

·         Argentina

·         Chile

·         Colombia

·         Rest of South America

Middle East & Africa

·         South Africa

·         U.A.E.

·         Saudi Arabia

·         Oman

·         Qatar

·         Iran

·         Egypt

·         Rest of Middle East and Africa

Delvens Industry Expert's Standpoint

Hydropower projects are being increasingly used to address the problem of shortage of electricity and energy in various sectors of the world. The concern regarding global warming and greenhouse gases has led to the participation of governments of several countries in the production of energy through hydropower projects. Hydropower is a renewable source of energy that does not produce harmful emissions, making it an attractive option for governments and consumers alike. The production of energy through hydropower projects can help to reduce the dependence on non-renewable sources of energy, which are finite and contribute to environmental degradation. The government is actively involved in saving energy and promoting the use of renewable sources of energy to address the issue of power shortage and meet the increasing demands of people worldwide. To achieve this goal, the government is investing in hydropower projects, which utilize the kinetic energy of flowing water to generate electricity. The hydropower industry has witnessed the emergence of key market players who are introducing new technologies into the sector through rapid research and development programs. These new technologies are aimed at increasing the productivity of hydropower projects, making them more efficient and cost-effective. The increasing demand for renewable sources of energy has led to a surge in the number of potential consumers worldwide who are opting for hydropower as a clean and sustainable energy source.

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