Hydropower Global Market Report 2024

Description

Hydropower, or hydroelectric power, is a renewable energy source that harnesses the energy of flowing or falling water to generate electricity. This process involves converting the kinetic energy of water into mechanical energy, which is then transformed into electrical energy using generators. Hydropower can be derived from various sources, including rivers, streams, dams, or the tidal movements in oceans.

The primary types of hydropower are categorized as large hydropower and small hydropower. Large hydropower involves the generation of electricity utilizing dams and reservoirs, leveraging the force of substantial bodies of water to turn turbines and produce electricity on a significant scale. This encompasses diverse components, including civil construction, electromechanical equipment, electricity, power infrastructure, and others, applied in various settings such as residential, commercial, and industrial applications.

The hydropower market research report is one of a series of new reports from The Business Research Company that provides hydropower market statistics, including hydropower industry global market size, regional shares, competitors with a hydropower market shares, detailed hydropower market segments, market trends and opportunities, and any further data you may need to thrive in the hydropower industry. This hydropower market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The hydropower market size has grown strongly in recent years. It will grow from $230.39 billion in 2023 to $245.91 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to industrial revolution, government policies, environmental concerns, energy security.

The hydropower market size is expected to see strong growth in the next few years. It will grow to $303.85 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to energy transition, renewable energy policies, climate change adaptation, water resource management. Major trends in the forecast period include modernization of existing infrastructure, hybrid hydropower systems, small-scale and micro hydropower, digitalization and smart grid integration.

The anticipated surge in electricity demand is poised to drive the growth of the hydropower market. As a form of energy resulting from the movement of charged particles, particularly electrons, electricity is increasingly vital due to the rising digitization of various sectors, including communication, information technology, and smart technologies. This digitization trend necessitates higher electricity consumption to power servers, data centers, and communication networks. Hydropower, relying on the continuous flow of water replenished by natural processes such as rainfall and snowmelt, emerges as a renewable and environmentally friendly option for electricity generation. In 2022, US electricity demand rose from 4,192.9 TWh in 2021 to 4,338.1 TWh by 2022, highlighting the escalating need for electricity and driving the growth of the hydropower market.

Key players in the hydropower market are channeling their efforts into developing innovative products to address the demand for cost-effective, easily deployable, and environmentally friendly microhydropower solutions. One such product is VETT-in-a-Box, a microhydropower system designed for straightforward installation, capable of generating electricity from small rivers, wastewater outflows, lock gates, or canals with a two-meter head drop. Launched by VerdErg Renewable Energy Limited, a UK-based renewable energy company, VETT-in-a-Box provides a complete mini-hydropower system in a transportable arrangement, ensuring quick installation and ease of use. Its versatility allows installation directly into the water course or adjacent to it for flow rates of 500-2,000 liters per second (l/s). Moreover, this fish-safe system has proven zero fish mortality, producing clean, decentralized, and predictable energy with high load factors from water at no environmental cost.

In March 2022, Aker Solutions, a Norway-based global energy company, successfully acquired Rainpower for an undisclosed amount. This strategic acquisition is aimed at expanding Aker Solutions' presence in the renewables market, specifically within hydropower. By leveraging complementary expertise and capitalizing on growing market trends, Aker Solutions aims to strengthen its position in the hydropower sector. Rainpower, a Norway-based technology provider to the hydropower industry, plays a crucial role in enhancing Aker Solutions' capabilities in the renewables space.

Major companies operating in the hydropower market are Electricite de France S.A., Siemens AG, General Electric Company, Iberdrola S.A., ABB Ltd, Georgia Power Company, Duke Energy Corporation, Vattenfall AB, ALSTOM Holdings, Statkraft AS, Hydro-Quebec, Verbund AG, China Yangtze Power Co. Ltd, Andritz AG, China Three Gorges Corporation, Tata Power Company Limited, Ontario Power Generation Inc., Alfa Laval AB, BC Hydro and Power Authority, Brookfield Renewable Partners L.P., Voith GmbH & Co. KGaA, Bharat Heavy Electricals Limited (BHEL), Agder Energi AS, Gilbert Gilkes & Gordon Limited, HydroChina International Engineering Co. Ltd.

Asia-Pacific was the largest region in the hydropower market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hydropower market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the hydropower market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The hydropower market consists of revenues earned by entities by providing services, such as project development consulting, engineering and design services, operation and maintenance (O&M) services, asset management and optimization, and hydropower training and education. The market value includes the value of related goods sold by the service provider or included within the service offering. The hydropower market also includes sales of products such as turbines, generators, control systems, hydropower monitoring and measurement systems, and energy storage. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Hydropower Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on hydropower market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Where is the largest and fastest growing market for hydropower ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The hydropower market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

1) By Type: Large Hydropower; Small Hydropower
2) By Component: Civil Construction; Electromechanical Equipment; Electric; Power Infrastructure; Others Components
3) By Application: Residential; Commercial; Industrial
Companies Mentioned: Electricite de France S.A.; Siemens AG; General Electric Company; Iberdrola S.A.; ABB Ltd
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r17120

1. Executive Summary

2. Hydropower Market Characteristics

3. Hydropower Market Trends And Strategies

4. Hydropower Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Hydropower Market Size and Growth

5.1. Global Hydropower Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Hydropower Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Hydropower Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Hydropower Market Segmentation

6.1. Global Hydropower Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Large Hydropower
Small Hydropower
6.2. Global Hydropower Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Civil Construction
Electromechanical Equipment
Electric
Power Infrastructure
Other Components
6.3. Global Hydropower Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Residential
Commercial
Industrial

7. Hydropower Market Regional And Country Analysis

7.1. Global Hydropower Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Hydropower Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Hydropower Market

8.1. Asia-Pacific Hydropower Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Hydropower Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Hydropower Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Hydropower Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Hydropower Market

9.1. China Hydropower Market Overview
9.2. China Hydropower Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Hydropower Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Hydropower Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Hydropower Market

10.1. India Hydropower Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Hydropower Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Hydropower Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Hydropower Market

11.1. Japan Hydropower Market Overview
11.2. Japan Hydropower Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Hydropower Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Hydropower Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Hydropower Market

12.1. Australia Hydropower Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Hydropower Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Hydropower Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Hydropower Market

13.1. Indonesia Hydropower Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Hydropower Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Hydropower Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Hydropower Market

14.1. South Korea Hydropower Market Overview
14.2. South Korea Hydropower Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Hydropower Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Hydropower Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Hydropower Market

15.1. Western Europe Hydropower Market Overview
15.2. Western Europe Hydropower Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Hydropower Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Hydropower Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Hydropower Market

16.1. UK Hydropower Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Hydropower Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Hydropower Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Hydropower Market

17.1. Germany Hydropower Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Hydropower Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Hydropower Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Hydropower Market

18.1. France Hydropower Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Hydropower Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Hydropower Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Hydropower Market

19.1. Italy Hydropower Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Hydropower Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Hydropower Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Hydropower Market

20.1. Spain Hydropower Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Hydropower Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Hydropower Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Hydropower Market

21.1. Eastern Europe Hydropower Market Overview
21.2. Eastern Europe Hydropower Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Hydropower Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Hydropower Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Hydropower Market

22.1. Russia Hydropower Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Hydropower Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Hydropower Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Hydropower Market

23.1. North America Hydropower Market Overview
23.2. North America Hydropower Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Hydropower Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Hydropower Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Hydropower Market

24.1. USA Hydropower Market Overview
24.2. USA Hydropower Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Hydropower Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Hydropower Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Hydropower Market

25.1. Canada Hydropower Market Overview
25.2. Canada Hydropower Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Hydropower Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Hydropower Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Hydropower Market

26.1. South America Hydropower Market Overview
26.2. South America Hydropower Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Hydropower Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Hydropower Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Hydropower Market

27.1. Brazil Hydropower Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Hydropower Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Hydropower Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Hydropower Market

28.1. Middle East Hydropower Market Overview
28.2. Middle East Hydropower Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Hydropower Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Hydropower Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Hydropower Market

29.1. Africa Hydropower Market Overview
29.2. Africa Hydropower Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Hydropower Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Hydropower Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Hydropower Market Competitive Landscape And Company Profiles

30.1. Hydropower Market Competitive Landscape
30.2. Hydropower Market Company Profiles
- 30.2.1. Electricite de France S.A.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Siemens AG
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. General Electric Company
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Iberdrola S.A.
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. ABB Ltd
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Hydropower Market Other Major And Innovative Companies

31.1. Georgia Power Company
31.2. Duke Energy Corporation
31.3. Vattenfall AB
31.4. ALSTOM Holdings
31.5. Statkraft AS
31.6. Hydro-Quebec
31.7. Verbund AG
31.8. China Yangtze Power Co. Ltd
31.9. Andritz AG
31.10. China Three Gorges Corporation
31.11. Tata Power Company Limited
31.12. Ontario Power Generation Inc.
31.13. Alfa Laval AB
31.14. BC Hydro and Power Authority
31.15. Brookfield Renewable Partners L.P.

32. Global Hydropower Market Competitive Benchmarking

33. Global Hydropower Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Hydropower Market

35. Hydropower Market Future Outlook and Potential Analysis

35.1 Hydropower Market In 2028 - Countries Offering Most New Opportunities
35.2 Hydropower Market In 2028 - Segments Offering Most New Opportunities
35.3 Hydropower Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer