Press release
Hydropower Market Top Key Players: Voith, ANDRITZ HYDRO, General Electric, Alfa Laval, Metso, China Yangtze Power, Hydro-Québec, RusHydro, Agder Energi, Duke Energy
Global Market Insights, Inc.
Global Hydropower Market is expected to grow at over 2% and exceed 1,300 GW by 2024. Growing demand for electricity along with upsurge in investment towards sustainable energy will drive the global hydropower market. Europe and North America have introduced plans to renovate, upgrade, and modernize the ageing stations with an aim to ensure more efficient operations. In March 2015, Latvenergo announced its plan to invest USD 222.26 million towards reconstruction of Plavinas, Kegums, and Riga hydroelectric power stations in Northern Europe by 2022.
Low generation cost coupled with ability to generate high electric output will propel the hydropower market. In 2016, Department of Energy projected levelized energy costs from hydroelectric at USD 56.2/MWh when compared with solar thermal at USD 191/MWh.
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Top Key Players:-
Key participants in hydropower market include ANDRITZ HYDRO, General Electric, Voith, Alfa Laval, China Yangtze Power, China Three Gorges Corporation, Metso, RusHydro, Hydro-Québec, Duke Energy, Georgia Power, StatKraft, Agder Energi, Ontario Power Generation, ABB, Engie, EDF and Tata Power.
Regional Segmentations: -
U.S. hydropower Market is set to expand over 2% on account of its huge untapped hydropower reserves. As per the Energy Efficiency and Renewable Energy, in the U.S., hydropower provides around 6% to 8% of the country's electricity. Measures towards greenhouse gas emissions may further complement the industry outlook. Non-Powered Dams (NPDs) and Oak Ridge National Laboratory (ORNL) estimated existing untapped reserves capacity of 12,000 MW in 2015.
Major Company Include in Hydropower Market in terms of Business Overview, Financial Data, Product Landscape, Strategic Outlook, SWOT Analysis
1. Voith
2. ANDRITZ HYDRO
3. General Electric
4. China Three Gorges Corporation
5. Alfa Laval
6. Metso
7. China Yangtze Power
8. Hydro-Québec
9. RusHydro
10. Agder Energi
11. Duke Energy
12. Georgia Power
13. Ontario Power Generation
14. Stat Kraft
15. ABB Ltd
16. Engie
17. Tata Power Corporation
18. EDF
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Large hydropower capacity segment accounted for over 80% of global hydropower market share in 2016. Growing demand for reliable and continuous electricity coupled with upgradation of ageing generating stations will fuel the industry outlook. In 2016, Andritz announced the installation of three hydroelectric stations worth over USD 75 million in Brazil and Nicaragua with an objective to supply reliable and constant electricity.
Low refurbishment cost coupled with measures to reduce greenhouse gas emission will embellish the micro and pico hydropower market. In 2016, Philippines announced its plan to construct more than 150 micro plants with increasing electricity generating capacity of approximately 50 MW.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
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