Hydropower Market
Hydropower Market Forecasts to 2028 – Global Analysis By Capacity (Micro and Pico Hydropower, Mini Hydropower, Small Hydropower, Large Hydropower), Application (Electric & Electromechanical Equipment) and By Geography
Years Covered |
2020-2028 |
Estimated Year Value (2021) |
US $77.81 BN |
Projected Year Value (2028) |
US $108.39 BN |
CAGR (2021 - 2028) |
4.8% |
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
Largest Market |
Asia Pacific |
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Hydropower Market is accounted for $77.81 billion in 2021 and is expected to reach $108.39 billion by 2028 growing at a CAGR of 4.8% during the forecast period. Hydropower is a type of power or an energy that is extracted from the energy of fast running water or the falling water. As it is obtained from water force, it is known as renewable energy. Hydropower has one of the highest conversion rates of any known source of energy. Water harvesting maturely can enable millions of people have access to energy. A stable, dependable, and inexpensive energy supply is also essential for promoting economic progress and eradicating global poverty.
Market Dynamics:
Driver:
Rising demand for reliable electricity
Factors such as the increasing number of new hydropower projects backed by government support and the rising demand for reliable electricity are expected to drive the market during the forecast period.
Restraint:
Large initial investments and operating expenses
Hydropower projects' severe environmental impacts are expected to stymie market expansion throughout the projected period. However, issues such as the need for large capital and operating expenditures, as well as extended gestation periods, are likely to stymie the market's expansion in the future years.
Opportunity:
Emerging technical developments
In the coming years, emerging technical developments targeted at boosting hydropower generation should create substantial opportunities for the market value.
Threat:
Concerns regarding safety
Various safety concerns, as well as the development of contemporary technologies and the launch of alternative products, may create challenges for the worldwide market
The large hydropower segment is expected to be the largest during the forecast period
Large-scale hydropower is a form of renewable energy generation derived from flowing water, which is used to drive large water turbines. In order to generate large amounts of hydroelectricity for cities, lakes, reservoirs, and dams are needed to store and regulate water for later release for power generation, irrigation, domestic or industrial use. Since large-scale hydropower facilities can easily be turned on and off, hydropower has become more reliable than most other energy sources for meeting peak electricity demands throughout the day.
Conventional hydroelectric dams, pumped storage, and run-of-the-river are the different types of large-scale hydropower plants across the world.
The pumped storage hydro (PSH) segment is expected to have the highest CAGR during the forecast period
As the leading renewable energy sources like solar and wind are challenging to predict, it is helpful to use the pumped hydro storage to provide 24-hour electricity to a region without the usage of alternate non-eco-friendly sources like thermal plants in the process. This use is being utilized and exploited by countries in the region and is expected to aid the growth of the segment.
Region with largest share:
Asia Pacific is projected to hold the largest market share owing to the investments in rural electrification and off-grid energy generation. China, Vietnam, and India are the world’s fastest-growing economies, contributing mainly to the Asia Pacific market. Aside from the big hydroelectric countries, smaller Southeast Asian countries are also making significant progress in massive hydropower development.
Region with highest CAGR:
North America is projected to have the highest CAGR due to the increasing investments in hydropower plants and increasing demand for renewable energy. The US is the largest user of hydropower in the region and also a considerable user of modern water energy storage systems like the pumped hydro storage. The government is pushing to increase the installed hydro capacity of the country.
Key players in the market
Some of the key players profiled in the Hydropower Market include General Electric, ABB Ltd, Mitsubishi Heavy Industries, Ltd, Tata Power Corporation, Andritz AG, Voith Group, Georgia Power, Duke Energy, MidAmerican Energy Holdings Company, Ontario Power Generation, Nepal Electricity Authority, BC Hydro, Acciona Energia, S.A, Statkraft, and Axpo.
Key developments:
In October 2020: Axpo announced that the repairs, inspections, and maintenance on the Kraftwerke Sarganserland power plants occur by digital rather than analogical means. The first digital hydropower plant in Switzerland follows a 360-degree approach and has fully integrated digital processes.
In May 2020: Voith and Icelandic national power company Landsvirkjun embarked on a joint pilot project on innovative cavitation monitoring in hydropower plants. The technology group installed the inventive system, an add-on function for its OnCare.Health Hydro conditioning monitoring at the Budarhals hydropower plant in Iceland.
In July 2019: GE Renewable Energy started offering modular turbines for micro hydro power, following its recent partnership with Energy. The micro hydropower units were made available in 10 kW and 15 kW sizes and could be combined to offer solutions up to 1 MW.
Plant Types Covered:
• Pumped Storage Hydro (PSH)
• Storage (Reservoir-Based)
• In-Stream (Hydrokinetic) Technologies
• Run-of-River (RoR)
• Impoundment
Capacities Covered:
• Micro and Pico Hydropower
• Mini Hydropower
• Small Hydropower
• Large Hydropower
Applications Covered:
• Electric & Electromechanical Equipment
• Power Infrastructure
• Civil Construction
End Users Covered:
• Residential
• Industrial
• Commercial
• Utility
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Hydropower Market, By Plant Type
5.1 Introduction
5.2 Pumped Storage Hydro (PSH)
5.3 Storage (Reservoir-Based)
5.4 In-Stream (Hydrokinetic) Technologies
5.5 Run-of-River (RoR)
5.6 Impoundment
6 Global Hydropower Market, By Capacity
6.1 Introduction
6.2 Micro and Pico Hydropower
6.3 Mini Hydropower
6.4 Small Hydropower
6.5 Large Hydropower
7 Global Hydropower Market, By Application
7.1 Introduction
7.2 Electric & Electromechanical Equipment
7.3 Power Infrastructure
7.4 Civil Construction
8 Global Hydropower Market, By End User
8.1 Introduction
8.2 Residential
8.3 Industrial
8.4 Commercial
8.5 Utility
9 Global Hydropower Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 General Electric
11.2 ABB Ltd
11.3 Mitsubishi Heavy Industries, Ltd
11.4 Tata Power Corporation
11.5 Andritz AG
11.6 Voith Group
11.7 Georgia Power
11.8 Duke Energy
11.9 MidAmerican Energy Holdings Company
11.10 Ontario Power Generation
11.11 Nepal Electricity Authority
11.12 BC Hydro
11.13 Acciona Energia, S.A
11.14 Statkraft
11.15 Axpo
List of Tables
1 Global Hydropower Market Outlook, By Region (2020-2028) ($MN)
2 Global Hydropower Market Outlook, By Plant Type (2020-2028) ($MN)
3 Global Hydropower Market Outlook, By Pumped Storage Hydro (PSH) (2020-2028) ($MN)
4 Global Hydropower Market Outlook, By Storage (Reservoir-Based) (2020-2028) ($MN)
5 Global Hydropower Market Outlook, By In-Stream (Hydrokinetic) Technologies (2020-2028) ($MN)
6 Global Hydropower Market Outlook, By Run-of-River (RoR) (2020-2028) ($MN)
7 Global Hydropower Market Outlook, By Impoundment (2020-2028) ($MN)
8 Global Hydropower Market Outlook, By Capacity (2020-2028) ($MN)
9 Global Hydropower Market Outlook, By Micro and Pico Hydropower (2020-2028) ($MN)
10 Global Hydropower Market Outlook, By Mini Hydropower (2020-2028) ($MN)
11 Global Hydropower Market Outlook, By Small Hydropower (2020-2028) ($MN)
12 Global Hydropower Market Outlook, By Large Hydropower (2020-2028) ($MN)
13 Global Hydropower Market Outlook, By Application (2020-2028) ($MN)
14 Global Hydropower Market Outlook, By Electric & Electromechanical Equipment (2020-2028) ($MN)
15 Global Hydropower Market Outlook, By Power Infrastructure (2020-2028) ($MN)
16 Global Hydropower Market Outlook, By Civil Construction (2020-2028) ($MN)
17 Global Hydropower Market Outlook, By End User (2020-2028) ($MN)
18 Global Hydropower Market Outlook, By Residential (2020-2028) ($MN)
19 Global Hydropower Market Outlook, By Industrial (2020-2028) ($MN)
20 Global Hydropower Market Outlook, By Commercial (2020-2028) ($MN)
21 Global Hydropower Market Outlook, By Utility (2020-2028) ($MN)
22 North America Hydropower Market Outlook, By Country (2020-2028) ($MN)
23 North America Hydropower Market Outlook, By Plant Type (2020-2028) ($MN)
24 North America Hydropower Market Outlook, By Pumped Storage Hydro (PSH) (2020-2028) ($MN)
25 North America Hydropower Market Outlook, By Storage (Reservoir-Based) (2020-2028) ($MN)
26 North America Hydropower Market Outlook, By In-Stream (Hydrokinetic) Technologies (2020-2028) ($MN)
27 North America Hydropower Market Outlook, By Run-of-River (RoR) (2020-2028) ($MN)
28 North America Hydropower Market Outlook, By Impoundment (2020-2028) ($MN)
29 North America Hydropower Market Outlook, By Capacity (2020-2028) ($MN)
30 North America Hydropower Market Outlook, By Micro and Pico Hydropower (2020-2028) ($MN)
31 North America Hydropower Market Outlook, By Mini Hydropower (2020-2028) ($MN)
32 North America Hydropower Market Outlook, By Small Hydropower (2020-2028) ($MN)
33 North America Hydropower Market Outlook, By Large Hydropower (2020-2028) ($MN)
34 North America Hydropower Market Outlook, By Application (2020-2028) ($MN)
35 North America Hydropower Market Outlook, By Electric & Electromechanical Equipment (2020-2028) ($MN)
36 North America Hydropower Market Outlook, By Power Infrastructure (2020-2028) ($MN)
37 North America Hydropower Market Outlook, By Civil Construction (2020-2028) ($MN)
38 North America Hydropower Market Outlook, By End User (2020-2028) ($MN)
39 North America Hydropower Market Outlook, By Residential (2020-2028) ($MN)
40 North America Hydropower Market Outlook, By Industrial (2020-2028) ($MN)
41 North America Hydropower Market Outlook, By Commercial (2020-2028) ($MN)
42 North America Hydropower Market Outlook, By Utility (2020-2028) ($MN)
43 Europe Hydropower Market Outlook, By Country (2020-2028) ($MN)
44 Europe Hydropower Market Outlook, By Plant Type (2020-2028) ($MN)
45 Europe Hydropower Market Outlook, By Pumped Storage Hydro (PSH) (2020-2028) ($MN)
46 Europe Hydropower Market Outlook, By Storage (Reservoir-Based) (2020-2028) ($MN)
47 Europe Hydropower Market Outlook, By In-Stream (Hydrokinetic) Technologies (2020-2028) ($MN)
48 Europe Hydropower Market Outlook, By Run-of-River (RoR) (2020-2028) ($MN)
49 Europe Hydropower Market Outlook, By Impoundment (2020-2028) ($MN)
50 Europe Hydropower Market Outlook, By Capacity (2020-2028) ($MN)
51 Europe Hydropower Market Outlook, By Micro and Pico Hydropower (2020-2028) ($MN)
52 Europe Hydropower Market Outlook, By Mini Hydropower (2020-2028) ($MN)
53 Europe Hydropower Market Outlook, By Small Hydropower (2020-2028) ($MN)
54 Europe Hydropower Market Outlook, By Large Hydropower (2020-2028) ($MN)
55 Europe Hydropower Market Outlook, By Application (2020-2028) ($MN)
56 Europe Hydropower Market Outlook, By Electric & Electromechanical Equipment (2020-2028) ($MN)
57 Europe Hydropower Market Outlook, By Power Infrastructure (2020-2028) ($MN)
58 Europe Hydropower Market Outlook, By Civil Construction (2020-2028) ($MN)
59 Europe Hydropower Market Outlook, By End User (2020-2028) ($MN)
60 Europe Hydropower Market Outlook, By Residential (2020-2028) ($MN)
61 Europe Hydropower Market Outlook, By Industrial (2020-2028) ($MN)
62 Europe Hydropower Market Outlook, By Commercial (2020-2028) ($MN)
63 Europe Hydropower Market Outlook, By Utility (2020-2028) ($MN)
64 Asia Pacific Hydropower Market Outlook, By Country (2020-2028) ($MN)
65 Asia Pacific Hydropower Market Outlook, By Plant Type (2020-2028) ($MN)
66 Asia Pacific Hydropower Market Outlook, By Pumped Storage Hydro (PSH) (2020-2028) ($MN)
67 Asia Pacific Hydropower Market Outlook, By Storage (Reservoir-Based) (2020-2028) ($MN)
68 Asia Pacific Hydropower Market Outlook, By In-Stream (Hydrokinetic) Technologies (2020-2028) ($MN)
69 Asia Pacific Hydropower Market Outlook, By Run-of-River (RoR) (2020-2028) ($MN)
70 Asia Pacific Hydropower Market Outlook, By Impoundment (2020-2028) ($MN)
71 Asia Pacific Hydropower Market Outlook, By Capacity (2020-2028) ($MN)
72 Asia Pacific Hydropower Market Outlook, By Micro and Pico Hydropower (2020-2028) ($MN)
73 Asia Pacific Hydropower Market Outlook, By Mini Hydropower (2020-2028) ($MN)
74 Asia Pacific Hydropower Market Outlook, By Small Hydropower (2020-2028) ($MN)
75 Asia Pacific Hydropower Market Outlook, By Large Hydropower (2020-2028) ($MN)
76 Asia Pacific Hydropower Market Outlook, By Application (2020-2028) ($MN)
77 Asia Pacific Hydropower Market Outlook, By Electric & Electromechanical Equipment (2020-2028) ($MN)
78 Asia Pacific Hydropower Market Outlook, By Power Infrastructure (2020-2028) ($MN)
79 Asia Pacific Hydropower Market Outlook, By Civil Construction (2020-2028) ($MN)
80 Asia Pacific Hydropower Market Outlook, By End User (2020-2028) ($MN)
81 Asia Pacific Hydropower Market Outlook, By Residential (2020-2028) ($MN)
82 Asia Pacific Hydropower Market Outlook, By Industrial (2020-2028) ($MN)
83 Asia Pacific Hydropower Market Outlook, By Commercial (2020-2028) ($MN)
84 Asia Pacific Hydropower Market Outlook, By Utility (2020-2028) ($MN)
85 South America Hydropower Market Outlook, By Country (2020-2028) ($MN)
86 South America Hydropower Market Outlook, By Plant Type (2020-2028) ($MN)
87 South America Hydropower Market Outlook, By Pumped Storage Hydro (PSH) (2020-2028) ($MN)
88 South America Hydropower Market Outlook, By Storage (Reservoir-Based) (2020-2028) ($MN)
89 South America Hydropower Market Outlook, By In-Stream (Hydrokinetic) Technologies (2020-2028) ($MN)
90 South America Hydropower Market Outlook, By Run-of-River (RoR) (2020-2028) ($MN)
91 South America Hydropower Market Outlook, By Impoundment (2020-2028) ($MN)
92 South America Hydropower Market Outlook, By Capacity (2020-2028) ($MN)
93 South America Hydropower Market Outlook, By Micro and Pico Hydropower (2020-2028) ($MN)
94 South America Hydropower Market Outlook, By Mini Hydropower (2020-2028) ($MN)
95 South America Hydropower Market Outlook, By Small Hydropower (2020-2028) ($MN)
96 South America Hydropower Market Outlook, By Large Hydropower (2020-2028) ($MN)
97 South America Hydropower Market Outlook, By Application (2020-2028) ($MN)
98 South America Hydropower Market Outlook, By Electric & Electromechanical Equipment (2020-2028) ($MN)
99 South America Hydropower Market Outlook, By Power Infrastructure (2020-2028) ($MN)
100 South America Hydropower Market Outlook, By Civil Construction (2020-2028) ($MN)
101 South America Hydropower Market Outlook, By End User (2020-2028) ($MN)
102 South America Hydropower Market Outlook, By Residential (2020-2028) ($MN)
103 South America Hydropower Market Outlook, By Industrial (2020-2028) ($MN)
104 South America Hydropower Market Outlook, By Commercial (2020-2028) ($MN)
105 South America Hydropower Market Outlook, By Utility (2020-2028) ($MN)
106 Middle East & Africa Hydropower Market Outlook, By Country (2020-2028) ($MN)
107 Middle East & Africa Hydropower Market Outlook, By Plant Type (2020-2028) ($MN)
108 Middle East & Africa Hydropower Market Outlook, By Pumped Storage Hydro (PSH) (2020-2028) ($MN)
109 Middle East & Africa Hydropower Market Outlook, By Storage (Reservoir-Based) (2020-2028) ($MN)
110 Middle East & Africa Hydropower Market Outlook, By In-Stream (Hydrokinetic) Technologies (2020-2028) ($MN)
111 Middle East & Africa Hydropower Market Outlook, By Run-of-River (RoR) (2020-2028) ($MN)
112 Middle East & Africa Hydropower Market Outlook, By Impoundment (2020-2028) ($MN)
113 Middle East & Africa Hydropower Market Outlook, By Capacity (2020-2028) ($MN)
114 Middle East & Africa Hydropower Market Outlook, By Micro and Pico Hydropower (2020-2028) ($MN)
115 Middle East & Africa Hydropower Market Outlook, By Mini Hydropower (2020-2028) ($MN)
116 Middle East & Africa Hydropower Market Outlook, By Small Hydropower (2020-2028) ($MN)
117 Middle East & Africa Hydropower Market Outlook, By Large Hydropower (2020-2028) ($MN)
118 Middle East & Africa Hydropower Market Outlook, By Application (2020-2028) ($MN)
119 Middle East & Africa Hydropower Market Outlook, By Electric & Electromechanical Equipment (2020-2028) ($MN)
120 Middle East & Africa Hydropower Market Outlook, By Power Infrastructure (2020-2028) ($MN)
121 Middle East & Africa Hydropower Market Outlook, By Civil Construction (2020-2028) ($MN)
122 Middle East & Africa Hydropower Market Outlook, By End User (2020-2028) ($MN)
123 Middle East & Africa Hydropower Market Outlook, By Residential (2020-2028) ($MN)
124 Middle East & Africa Hydropower Market Outlook, By Industrial (2020-2028) ($MN)
125 Middle East & Africa Hydropower Market Outlook, By Commercial (2020-2028) ($MN)
126 Middle East & Africa Hydropower Market Outlook, By Utility (2020-2028) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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