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Hydropower Industry Report Analysis By opportunities
Hydropower is a type of power or an energy that is extracted from the energy of fast running water or the falling water. As it is obtained from water force, it is known as renewable energy. Hydropower has one of the highest conversion rates of any known source of energy. Water harvesting maturely can enable millions of people have access to energy. A stable, dependable, and inexpensive energy supply is also essential for promoting economic progress and eradicating global poverty.
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North America is projected to have the highest CAGR due to the increasing investments in hydropower plants and increasing demand for renewable energy. The US is the largest user of hydropower in the region and also a considerable user of modern water energy storage systems like the pumped hydro storage. The government is pushing to increase the installed hydro capacity of the country.
Some of the key players profiled in the Hydropower Market include General Electric, ABB Ltd, Mitsubishi Heavy Industries, Ltd, Tata Power Corporation, Andritz AG, Voith Group, Georgia Power, Duke Energy, MidAmerican Energy Holdings Company, Ontario Power Generation, Nepal Electricity Authority, BC Hydro, Acciona Energia, S.A, Statkraft, and Axpo.
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Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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