Hydropower Global Market Key Players Analyzed In Report:
Andritz Hydro GmbH (Austria), Voith GmbH (Germany), General Electric Company (US), Alfa Laval (Sweden), China Three Gorges Corporation (China), Hydro-Québec (Canada), Metso Corporation (Sweden), ABB Ltd (Switzerland), Tata Power Corporation (India), and Engie (France), are some of the leading players of the Global Hydropower Market. Profiling them in its analysis, MRFR explores strategies that keep them at the forefront of the competition.
Growing Demand for Hydropower Market :
The ever- increasing demand for energy, driven by constantly growing population, urbanization and industrialization is defining the growth of Hydropower Market. The increasing prominence and adoption garnered by this renewable energy integration along with its wide applications range including water supply for irrigation and flood control are expected to boost the hydropower market growth during the forecast period.
The versatile and sustainable technology, hydropower is the world’s largest source of the renewable energy, accounting for about 20% of the total electricity supply globally. It provides a stable, reliable and affordable electricity supply which is a key factor that fosters the market growth, driving economic growth.
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Industry/ Innovation /Related News:
July 23, 2018 – The World Bank Group (WBG) approved funding of USD 794.5.Mn. for a hydropower project based at Cameroon, in the Gulf of Guinea, Africa – Nachtigal. The Funding is expected to boost Cameroon’s hydropower capacity.
July 24, 2018 –The European Investment Bank announced a EUR 650 mn loan to support a three-dam hydropower project in Portugal to Iberdrola (Spain), an utility company. The project totals 1,158 MW in capacity that will be operational in 2023.
June 06, 2018 – Eaton Corporation Plc. (US), a multinational power management company announced receiving of a contract from the Mid-Pacific Region of the US Department of Interior’s Bureau of Reclamation to lead an electrical life extension and modernization project at the Shasta and Keswick hydroelectric power plants in California.
Hydropower Market Analysis Period:-
- Base Year – 2017
- Projection Period – From 2018 to 2023
- Market Denomination – USD Million
- Conversion Rate – Considered as per the respective financial years
Global Hydropower Market – Segmentations
The report is segmented into two Key dynamics for an easy grasp and enhanced understanding.
By Capacities : Mini, Micro, and Pico Hydropower, Small, and Large Hydropower
By Regions : North America, Europe, APAC and Rest-of-the-World.
Hydropower Global Market Scope:-
This study provides an overview of the global hydropower market, tracking one market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global hydropower market by its capacity and by region.
Hydropower Market By Capacity
- Mini Hydropower
- Micro and Pico Hydropower
- Small Hydropower
- Large Hydropower
Hydropower Market By Regions
- North America
- Asia Pacific
- Rest of the World
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Market Research Analysis:-
Small Hydropower segment is expected to grow at the fastest rate
The low civil construction rate associated with growing measures to limit the carbon emissions will boost the small hydropower market. Favorable renewable policy model along with financial assistance by the institutions including climate aligned bonds, Aquila Capital and World Bank will drive the small & large scale hydropower across the globe. In 2015, the Economic Community of West African States (ECOWAS) introduced the Small-Scale Hydro Power (SSHP) Program with a target of achieving 33% share of the overall energy mix by 2020 under the ECOWAS Renewable Energy Policy (EREP). The overall costing of the small scale hydropower is the crucial factor as compared to other capacity, which will drive the global small scale hydropower.
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