- Large Hydropower (Greater Than 100 MW)
- Small Hydropower (Smaller Than 10 MW)
- Other Sizes (10-100 MW)
Hydropower Market was valued at USD 261.4 billion in 2023 and is poised to grow at a significant CAGR of 6.1% over 2024-2030. Hydropower, also known as water power, is a method to use of falling or fast-running water to produce electricity or to power machines, with the use of falling or fast-running water, and this process is based on the gravitational potential or kinetic energy of the water source to produce power. Hydropower is a method of sustainable energy production. Hydropower and demand are estimated to increase during the forecast period due to the assessment of new Hydropower plants and the increasing demand for renewable energy. Increasing demand for reliable, and cost-effective electricity and an increasing number of new hydropower projects initiated by government bodies are expected to drive the market over the forecast period. Hydropower market growth is likely to be hindered in the coming future due to the negative environmental consequences of hydropower projects. Additionally, the demand for huge investment and operational expenditures, as well as extended gestation periods, constrained the growth of the global hydropower market.
Furthermore, the market expansion is anticipated to be driven by increasing demand for greener power production technologies and tight emission laws. Also, the International Energy Agency reports said that hydropower is the greatest important source of renewable energy generation, contributing to 60.7 percent of global renewable energy power generation in 2021. With, rising demand for renewable energy and a boom in hydropower installation capacity in emerging economies such as China and India are projected to contribute to new potential possibilities for the market over the forecast period. Emerging technological trends aimed at increasing hydropower generation is expected to create numerous opportunities for the hydropower market in the upcoming years. Asia-Pacific is anticipated to be the fastest-growing market in coming few years, with the majority of the demand coming from countries like China, India, japan.
Hydropower Market Recent Key Developments
- In January 2021, India approved a USD 724 million investment for the 850 megawatts (MW) Ratle hydropower project on the Chenab River in Jammu and Kashmir, A joint venture is expected to be formed for this project by National Hydroelectric Power Corporation (NHPC), Indias largest organization for hydropower development, and Jammu & Kashmir State Power Development Corporation (JKSPDC), The project is expected to start its commercial operation by 2026.
- In March 2021, Artistic Milliners invested around USD 370 million in two runs of river hydropower projects in Pakistan. The companys hydropower plants, Hydro I and Artistic Hydro II, will contribute a combined 521 GWh per year.
Hydropower Market Summary
Study Period
2024-30
Base Year
2023
CAGR
6.1%
Largest Market
Asia Pacific
Fastest Growing Market
Asia Pacific
Hydropower Market Dynamics
The global Hydropower market is growing due to the increasing demand for renewable energy, as a result of rapid industrialization and urbanization, especially in developing countries such as China and India. To minimize the use of fossil fuels for power generation, governments take many initiatives in several countries such as the United States, Germany, India, Japan, and China to reduce their carbon footprint, there has been an enhancing the demand for renewable energy sources for power generation. Thus, many hydropower construction projects have been developed across the globe, particularly in Asia-Pacific, to meet the growing need for renewable energy.
Asia Pacific Got Significant Share
Hydropower Market Reginal Analysis
The Asia-Pacific region has dominated the hydropower market in recent years, and it is expected to retain its dominancy over the forecast period owing to the presence of prominent market players in pf hydropower market. In 2020, China is the global leader in the hydropower market, accounting for almost 27.8% of the global hydropower installed capacity. Chinas hydropower period began in the 1950s, and in 2020, the countrys hydropower installed capacity touched 370 GW, representing a minor increase of approx. 3.35% compared to the last years value. Furthermore, China announced its plan to become carbon neutral by 2060 and peak coal consumption by 2025. This led to making huge investments in the renewable sector, which will undoubtedly support expanding the market in this region.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The hydropower market report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Hydropower Market Segmentation
By Size
By Application
- Residential
- Commercial
- Industrial
By Geography
- North America
- Europe
- The Asia Pacific
- Latin America
- MEA
Frequently Asked Questions
The Asia Pacific is expected to hold the highest share in the global hydropower market.
Key players’ profiles in the hydropower market report are Voith GmbH (Germany), Alfa Laval (Sweden), ANDRITZ HYDRO GmbH (Austria), General Electric Company (U.S), ABB Ltd (Switzerland), China Three Gorges Corporation (China), Metso Corporation (Sweden), Hydro-Québec (Canada), Engie (France), and Tata Power Corporation (India).
A rise in new trade relationships amongst different countries and rapid growth in e-commerce industries worldwide.
| 1.Executive Summary |
| 2.Global Hydropower Market Introduction |
| 2.1.Global Hydropower Market - Taxonomy |
| 2.2.Global Hydropower Market - Definitions |
| 2.2.1.Size |
| 2.2.2. Application |
| 2.2.3.Geography |
| 2.2.4.Region |
| 3.Global Hydropower Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Hydropower Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Hydropower Market By Size, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Large Hydropower (Greater Than 100 MW) |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Small Hydropower (Smaller Than 10 MW) |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Other Sizes (10-100 MW) |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6.Global Hydropower Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Residential |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Commercial |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Industrial |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 7.Global Hydropower Market By Geography, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. The Asia Pacific |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Latin America |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. MEA |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.Global Hydropower Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9.North America Hydropower Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Size Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Large Hydropower (Greater Than 100 MW) |
| 9.1.2.Small Hydropower (Smaller Than 10 MW) |
| 9.1.3.Other Sizes (10-100 MW) |
| 9.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Residential |
| 9.2.2.Commercial |
| 9.2.3.Industrial |
| 9.3. Geography Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.North America |
| 9.3.2.Europe |
| 9.3.3.The Asia Pacific |
| 9.3.4.Latin America |
| 9.3.5.MEA |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10.Europe Hydropower Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Size Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Large Hydropower (Greater Than 100 MW) |
| 10.1.2.Small Hydropower (Smaller Than 10 MW) |
| 10.1.3.Other Sizes (10-100 MW) |
| 10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Residential |
| 10.2.2.Commercial |
| 10.2.3.Industrial |
| 10.3. Geography Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.North America |
| 10.3.2.Europe |
| 10.3.3.The Asia Pacific |
| 10.3.4.Latin America |
| 10.3.5.MEA |
| 10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 11.Asia Pacific (APAC) Hydropower Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Size Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Large Hydropower (Greater Than 100 MW) |
| 11.1.2.Small Hydropower (Smaller Than 10 MW) |
| 11.1.3.Other Sizes (10-100 MW) |
| 11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Residential |
| 11.2.2.Commercial |
| 11.2.3.Industrial |
| 11.3. Geography Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.North America |
| 11.3.2.Europe |
| 11.3.3.The Asia Pacific |
| 11.3.4.Latin America |
| 11.3.5.MEA |
| 11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12.Middle East and Africa (MEA) Hydropower Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Size Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Large Hydropower (Greater Than 100 MW) |
| 12.1.2.Small Hydropower (Smaller Than 10 MW) |
| 12.1.3.Other Sizes (10-100 MW) |
| 12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Residential |
| 12.2.2.Commercial |
| 12.2.3.Industrial |
| 12.3. Geography Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.North America |
| 12.3.2.Europe |
| 12.3.3.The Asia Pacific |
| 12.3.4.Latin America |
| 12.3.5.MEA |
| 12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13.Latin America Hydropower Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Size Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Large Hydropower (Greater Than 100 MW) |
| 13.1.2.Small Hydropower (Smaller Than 10 MW) |
| 13.1.3.Other Sizes (10-100 MW) |
| 13.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Residential |
| 13.2.2.Commercial |
| 13.2.3.Industrial |
| 13.3. Geography Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.North America |
| 13.3.2.Europe |
| 13.3.3.The Asia Pacific |
| 13.3.4.Latin America |
| 13.3.5.MEA |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.Voith GmbH (Germany) |
| 14.2.2.Alfa Laval (Sweden) |
| 14.2.3.ANDRITZ HYDRO GmbH (Austria) |
| 14.2.4.General Electric Company (U.S) |
| 14.2.5.ABB Ltd (Switzerland) |
| 14.2.6.China Three Gorges Corporation (China) |
| 14.2.7.Metso Corporation (Sweden) |
| 14.2.8.Hydro-Québec (Canada) |
| 14.2.9.Engie (France) |
| 14.2.10.Tata Power Corporation (India) |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
- Voith GmbH (Germany)
- Alfa Laval (Sweden)
- ANDRITZ HYDRO GmbH (Austria)
- General Electric Company (U.S)
- ABB Ltd (Switzerland)
- China Three Gorges Corporation (China)
- Metso Corporation (Sweden)
- Hydro-Québec (Canada)
- Engie (France)
- Tata Power Corporation (India)