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Hydropower Market Growth Revenue 2019, Trends Factor, Opportunity, region, Key Players, Outlook, Forecasts Study 2024

Hydropower Market

Hydropower Market

Based on product capacity, hydropower market is segmented into micro, pico, mini, small, and large hydropower stations. Small Hydropower industry size is expected to grow at 2.5% over 2016-2024, which will augment the overall market trends. This is possible due to the product versatility, reduced investments, and renewable nature. Mini hydropower market contributed to 2% of global hydropower industry share in 2016, owing to its low environmental impact and cost-effective characteristics.

Growing investment in electric infrastructure to upgrade to smart off grid networks has further augmented the mini hydropower market. For instance, in 2016, the Government of Malaysia, launched the Sarawak Alternative Renewable Energy Scheme which plans to integrate micro hydro power plants for rural electrification in the region.

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Rapid industrialization and urbanization in China have generated colossal growth opportunities for hydropower industry players, as China plans to invest USD 3.6 billion in Myanmar’s Myistone unit. This will help the Myistone unit to generate 6000 MW of hydropower by 2030. Moreover, in its 13th Five Year Plan, the Government of China announced plans to implement clean energy sources and also proposed the installation of 340 GW of hydropower stations by 2020. The massive growth of global Offshore Hydropower Market is also bound to positively influence the overall industry trends.

In North America, substantial funds have been raised toward developing sustainable energy, which has, in a way complimented the growth of hydropower industry. The abundant availability of natural resources will further help the region to prosper and contribute toward clean and reliable energy sources. In 2016, U.S. hydropower market accounted more than 50% of total regional share and is likely to continue its dominance over the coming years. For the United States, in 2015, Rey Development announced to inject USD 60 million in hydroelectric installation across the region.

The market players are adopting strategies such as mergers and acquisitions to expand their global reach. Some of the key players in the hydropower industry include General Electric, Ontario Power Generation, RusHydro, China Yangtze Power, Agder Energi, China Three Gorges Corporation, Alfa Laval, and Tata Power.

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Increasing measures to reduce carbon footprints and the escalating demand for reliable power sources have fueled the growth of global hydropower industry. A report by Global Market Insights, states that, Hydropower Market in 2016, was worth more than 1000 GW in terms of volume and is projected to surpass 1300 GW by 2024, expanding at an annual growth rate of 2% over the period 2016-2024.

Glimpse of Table of Content (ToC): -

Chapter 1 Methodology & Scope
1.1 Methodology
1.1.1 Initial data exploration
1.1.2 Statistical model and forecast
1.1.3 Industry insights and validation
1.1.4 Market definition & forecast parameters
1.2 Data Sources
1.2.1. Primary
1.2.2. Secondary
Chapter 2 Executive Summary
2.1 Hydropower industry 3600 synopsis, 2014- 2024
2.1.1 Business trends
2.1.2 Capacity trends
2.1.3 Regional trends
Chapter 3 Hydropower Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2014 – 2024
3.3 Industry ecosystem
3.3.1 Vendor matrix
3.4 Innovation & sustainability landscape
3.5 Capital cost structure
3.6 Regulatory landscape
3.6.1 U.S.
3.6.2 Europe
3.6.3 China
3.6.4 India
3.6.5 Philippines
3.6.7 Vietnam

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/hydropower-market

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

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.

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