Hydropower Market to reach USD 380.23 Bn at a CAGR of 5.9 percent by 2030- Says Maximize Market Research
Maximize Market Research, a leading Energy & Power business consultancy and research firm has published a report on the “Hydropower Market”. The total market opportunity for the Hydropower Market was USD 254.55 Bn in 2023 and is expected to grow at a CAGR of 5.9 percent through the forecast period, reaching USD 380.23 by 2030. The hydropower market size was estimated meticulously by using a bottom-up approach.
Hydropower Market Scope and Research Methodology
Market Size in 2023: USD 254.55 Bn
Market Size in 2030: USD 380.23 Bn
CAGR: 5.9 Percent
Forecast Period: 2024-2030
Base Year: 2023
Number of Pages: 224
No. of Tables: 139
No. of Charts and Figures: 185
Segment Covered: By Capacity, Energy, Component, and Application
Regional Scope: North America, Europe, Asia Pacific, and Africa, South America
Report Coverage: Market Share, Size and Forecast by Revenue | 2023−2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.
Maximize Market Research has published an exclusive research report titled “Global Hydropower Market Size, Share, Pricing, Trends, Growth, Opportunities, and Forecast 2023-2030,” that analyses the Hydropower market on a global scale. The report provides crucial information about the target market, including future revenue projections, demands, regional analysis, key drivers, restraints, opportunities, and threats. It also offers insights into the prominent companies operating in the market, supply chain trends, financials, key developments, technological innovations, as well as future strategies, acquisitions, and mergers. While examining historical and future growth trends to provide a global perspective on the market, the report segments the Hydropower industry based on type, distribution channel, and region.
The primary objective of this research report is to assist industry professionals in the global Hydropower market by examining market developments and market position, identifying investment opportunities, and focusing on key market drivers. The study includes company profiles of leading market participants, along with information on their new product launches, product expansions, marketing strategies, business approaches, infrastructure, and upcoming competitive products and services, as well as pricing patterns. This research delves into emerging business entrepreneurs, their strategies, and product developments that are driving the popularity of their offerings in both domestic and global markets. Furthermore, the report outlines essential tactics for capitalizing on opportunities and mitigating potential threats over the next decade and beyond.
Various research methodologies, including primary research, secondary research, bottom-up approaches, SWOT analysis, Porter’s Five Forces analysis, and more, have been employed to study the Hydropower market.
Hydropower Market Overview
Hydropower is a renewable energy source that generates electricity by harnessing the power of falling or flowing water. It is a clean, efficient, and reliable source of energy that has been used for centuries and is becoming increasingly important as countries look to reduce their reliance on fossil fuels and decrease greenhouse gas emissions. The global hydropower market has experienced significant growth in recent years, driven by increasing demand for renewable energy sources and government initiatives aimed at promoting sustainable energy production. The market includes a wide range of hydropower technologies, from large-scale hydroelectric dams to small-scale run-of-river projects, and is expected to continue to grow in the coming years.
Hydropower Market Dynamics
The demand for hydropower generation projects is expected to increase significantly due to the rise in demand for renewable energy sources, as more and more consumers worldwide opt for such sources to protect the environment from greenhouse gas emissions and combat climate change. Governments are actively participating in this cause by promoting the use of renewable energy sources, which will help to address the power shortage problem and meet the growing energy demand. The hydropower industry has seen the emergence of key market players who are introducing new technologies into the sector through rapid research and development programs, thus increasing the productivity of hydropower projects. The demand for small hydropower projects has increased due to the need for better power supply during constant power outages, and governments are actively supporting the provision of better services to people, leading to an increase in the number of users opting for power supply from small hydropower systems. This trend is expected to drive the growth of the market at a faster rate during the forecast period.
Hydropower Market Regional Insight
The hydropower market is dominated by the Asia-Pacific region, which holds the largest market share owing to the region’s favourable geographical and climatic conditions, which allow for the production of renewable energy sources at a minimum cost. Rapid reduction in the total cost of infrastructure has also contributed to this region’s growth. The use of hydropower projects has helped to meet the increasing electricity demand, making the Asia-Pacific region a leader in the market. China is the global leader in the hydropower market, with an installed capacity of 413.5 GW, according to the International Renewable Energy Agency. Additionally, the setting up of micro and mini hydropower stations across the region has also created significant opportunities for growth. Key market players have made increasing investments in generating electricity and supplying rural areas, leading to considerable revenue over the period. Based on these factors, the Asia-Pacific region is expected to continue dominating the global hydropower market in the forecast period. China, India, and Japan are some of the countries that have a strong presence in the industry in this region.
The European region has also shown tremendous growth due to its increasing shift towards renewable sources of energy and the rapid adoption of small hydropower projects, which is expected to boost the market in this region during the forecast period.
Hydropower Market Segmentation
By Capacity
- Small Hydro Power Plant(Upto 1 MW)
- Medium Hydro Power Plant(1MW to 10 MW)
- Large Hydro Power Plant (Above 10 Mw)
By Application
- Residential
- Commercial
- Industrial
By Energy
- Above 100 MW
- Under 10 MW
- Others
By Component
- Civil Construction
- Electromechanical Equipment
- Electric
- Power Infrastructure
- Others
Instant access is available by downloading your exclusive sample copy of the report right now!https://www.maximizemarketresearch.com/request-sample/73888
Hydropower Manufacturers include:
- North America
- Hydro-Québec (Canada)
- BC Hydro (Canada)
- General Electric (GE) (USA)
- Tennessee Valley Authority (United States)
- Ontario Power Generation (Canada)
- Chelan County Public Utility District (United States)
- SNC-Lavalin Group (Canada)
- Europe
- Siemens Energy (Germany)
- Voith GmbH & Co. KGaA (Germany)
- Statkraft (Norway)
- Verbund AG (Austria)
- EDP (Portugal)
- Enel Green Power (Italy)
- Vattenfall (Sweden)
- Iberdrola (Spain)
- Asia Pacific
- National Hydroelectric Power Corporation Private Limited (Nepal)
- China Yangtze Power (China)
- Korea Hydro & Nuclear Power Co., Ltd. (South Korea)
- Tata Power (India)
- China Three Gorges Corporation (China)
- Middle East & Africa
- Lesotho Electricity Company (LEC) (South Africa)
- South America
- Electroperú (Peru)
- Eletrobras (Brazil)
Key questions answered in the Hydropower Market are:
- What is hydropower?
- What is the current growth rate of the Hydropower Market?
- Who are the key players in the Hydropower Market?
- What are the factors affecting growth in the Hydropower Market?
- Who held the largest market share in the Hydropower Market?
- What is the demand pattern for the Hydropower Market?
- What are the key trends in the Hydropower Market?
- What are the strategies used by competitors in the Hydropower Market?
- What are the growth prospects in developing countries for the Hydropower Market?
- Which segment is expected to witness the fastest growth and why in the Hydropower Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by Different Segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by Capacity, Energy, Component, Application and Region
- Competitive Landscape – Profiles of selected key players by region in a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
Maximize Market Research is leading Energy & Power research firm, has also published the following reports:
Small Hydropower Market: The market holds the potential to reach US$ 3.79 Billion by 2029, driven by multiple factors, including demand and supply-side drivers.
Underground Hydropower Plant Market: The market size is expected to reach nearly US$ 1.44 Bn. by 2027 with a CAGR of 7% during the forecast period.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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