Emphasis on Ownership (Public, and Private); Technology (Reservoir, Pumped Storage, and others); Capacity (Under 100 MW, 100-500 MW, and Above 500 MW); Region/Country.
The Hydropower Market was valued at USD 118.7 Billion and is expected to grow at a strong CAGR of around 3.8% during the forecast period (2023-2030) owing to rising investment in renewable energy.
Hydropower, also known as hydroelectric power, stands as one of the oldest and most significant sources of renewable energy globally. Harnessing the natural flow of moving water to generate electricity, hydropower plays a crucial role in the energy landscape. Currently, hydropower accounts for a substantial portion of renewable electricity generation worldwide, with the United States alone relying on it for about 28.7% of its renewable electricity and 6.2% of total electricity generation.
The versatility of hydropower is remarkable, ranging from massive facilities like the Hoover Dam to smaller-scale installations in municipal water facilities or irrigation ditches. The flexibility of hydropower facilities is a key asset in integrating other renewable sources like wind and solar, potentially bringing online substantial new capacities by 2035. Moreover, the cost-effectiveness of hydropower is a standout feature, with lower energy bills heavily reliant on hydropower due to its minimal operational and maintenance costs over the project’s lifetime. Beyond electricity generation, hydropower offers additional benefits such as flood control, irrigation support, and water supply, making it a multifaceted and essential component of the global energy mix.
This section discusses the key market trends that are influencing the various segments of the Hydropower Market as identified by our team of research experts.
Pumped Storage Hydropower Industry
The Reservoir segment acquired a majority share in the Hydropower Market and pumped storage is expected to showcase a substantial growth rate during the forecast period. Pumped Storage Hydropower (PSH) is a significant form of hydroelectric energy storage that plays a crucial role in the energy sector. This innovative technology involves a configuration of two water reservoirs at different elevations, functioning like a giant battery by storing and releasing power as needed. Pumped storage acts as a dynamic energy storage solution, helping to balance the electricity grid by matching fluctuating energy demands. It is a renewable and clean source of energy that contributes to the fight against climate change. The technology offers numerous advantages, including flexibility, affordability, job creation, flood control, irrigation support, and recreational opportunities.
APAC is Expected to Grow with Significant CAGR During Forecast Period
APAC registered the highest market share in the Hydropower Market and is expected to witness an influential CAGR in the forecasted period. The region, encompassing countries like China, India, and Japan, stands at the forefront of hydropower expansion, with significant investments and advancements in both conventional and pumped storage hydropower technologies.
China, as a global leader in hydropower, has made substantial commitments to increase its hydropower capacity, with plans to significantly expand pumped storage hydropower facilities by 2030. This includes the impressive Baihetan hydropower station, one of the world’s largest projects of its kind. As countries in APAC continue to invest in modernizing existing hydropower plants and constructing new projects, there is a growing emphasis on sustainability, community engagement, and environmental stewardship. The region’s commitment to harnessing the power of water for clean energy production not only contributes to meeting global clean energy goals but also creates job opportunities, boosts local economies, and enhances overall energy resilience. With ongoing advancements in technology and a strong focus on innovation, APAC is poised to lead the way in global hydropower development for a cleaner and more sustainable future.
The Hydropower Market is competitive and fragmented, with the presence of several global and international market players. The key players are adopting different growth strategies to enhance their market presence, such as partnerships, agreements, collaborations, new product launches, geographical expansions, and mergers and acquisitions. Some of the major players operating in the market are Siemens AG, General Electric, China Yangtze Power, Voith Group, Andritz Hydro¸ China Three Gorges Corp, Duke Energy, Statkraft UK Ltd., Electricite de France SA, and Enel SpA.
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1. Market Introduction
2. Research Methodology Or Assumption
3. Market Synopsis
4. Executive Summary
5. Global Hydropower Market Revenue, 2020-2030f
6. Market Insights By Ownership
7. Market Insights By Technology
8. Market Insights By Capacity
9. Market Insights By Region
10. Hydropower Market Dynamics
11. Hydropower Market Opportunities
12. Hydropower Market Trends
13. Demand And Supply-side Analysis
14. Value Chain Analysis
15. Competitive Scenario
16. Company Profiled
17. Disclaimer
Analyzing the historical market, estimating the current market, and forecasting the future market of the global Hydropower market were the three major steps undertaken to create and analyze the adoption of Hydropower in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global Hydropower market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the Hydropower market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the Hydropower market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as Ownership, Capacity, and Technology. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Hydropower market. Further, we conducted factor analysis using dependent and independent variables such as Ownership, Capacity, and Technology of the Hydropower market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Hydropower market sector across the globe.
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Hydropower market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global Hydropower market. data was split into several segments & sub-segments post studying various parameters and trends in the areas of Ownership, Capacity, and Technology in the global Hydropower market.
The current & future market trends of the global Hydropower market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
Q1: What is the current market size and growth potential of the Hydropower market?
Q2: What are the driving factors for the growth of the Hydropower market?
Q3: Which segment has the largest share of the Hydropower market by Ownership?
Q4: What are the emerging technologies and trends in the Hydropower market?
Q5: Which region will dominate the Hydropower market?
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