Hydropower Market Overview, Top Key Players, Industry Growth Analysis and Forecast to 2023

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).

Request to view Sample Report:
https://www.marketresearchfuture.com/sample_request/4368

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 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.

As, Hydropower comes along with low levelised cost, high capacity utilization factor and ease of grid parity, which will stimulate the global hydropower market size. Recently, Energy Information Administration (EIA) quoted that, hydroelectricity capacity utilization factor (CUF) to be over 60% when compared to 25% for Solar PV. Stringent government regulation towards reducing the global carbon footprint coupled with depleting conventional resources will drive the global hydropower market. However, the high initial investment cost of hydropower infrastructure with safety concern regarding it and developing modern technology with alternative product launch can restrain global hydropower market.

View Report Preview:
https://www.marketresearchfuture.com/reports/hydropower-market-4368

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.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:

Market Research Future

+1 646 845 9312

Email: sales@marketresearchfuture.com

This release was published on openPR.