HYDROPOWER MARKET GLOBAL TOP KEY PLAYER : ABB GROUP, GENERAL ELECTRIC COMPANY , TATA POWER , METSO CORPORATION | INDUSTRY ANALYSIS REPORT, CAGR TO GROW AT 3 % FORECAST 2018 – 2023.

Pune, India, May , 2018 /MRFR Press Release/- Market research future published a half cooked research report on global Hydropower market. The Hydropower market is expected to grow over the CAGR of more than 3% during the period 2017 to 2023.

Market Highlights

The growing attention towards efficiencies of conversion of the adoption of renewable energy integration coupled with its wide applications range including water supply for irrigation and flood control will boost the hydropower market growth during the forecast period. The global volatility in fossil fuel prices along with initiatives towards energy security will further complement the hydropower industry landscape. Hydropower is one of the oldest sources of energy which was used for thousands of years ago, to turn paddle wheels that help grind grain. Hydropower is a versatile, sustainable technology and it is the world’s largest source of the renewable energy and currently accounts for about 20% of the world’s total electricity supply. Hydropower has one of the best of conversion of all known energy sources. Harnessing water maturely can help take electricity access to millions of people. Stable, reliable and affordable electricity supply is also crucial for driving economic growth and ending the global poverty.

Key Players

The key players of global hydropower market are Voith GmbH (Germany), ANDRITZ HYDRO GmbH (Austria), General Electric Company (U.S), China Three Gorges Corporation (China), Alfa Laval (Sweden), Metso Corporation (Sweden), Hydro-Québec (Canada), ABB Ltd (Switzerland), Engie (France) and Tata Power Corporation (India).

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Scope of the Report

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.

By Capacity

• Mini Hydropower
• Micro and Pico Hydropower
• Small Hydropower
• Large Hydropower

By Regions

• North America
• Asia Pacific
• Europe
• Rest of the World

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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