Hydro Electricity Market Report - Recent Trends, Market Growth And Opportunities Forecast To 2032 | Alstom Power, GE Energy, Tata Power Company, Hydrochina International, CPFL Energia, Sinohydro Corporation
As per the hydro electricity market report by The Business Research Company, Favorable laws in emerging countries are projected to drive the hydroelectricity market. Governments across the globe are introducing policies that aid the growth of the hydroelectricity market.
The global hydro electricity market size will grow from $300.54 billion in 2022 to $319.14 billion in 2023 at a compound annual growth rate (CAGR) of 6.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global hydro electricity market size is expected to grow to $390.32 billion in 2027 at a CAGR of 5.2%.
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Major competitors in the hydro electricity market include Alstom Power, GE Energy, Tata Power Company, Hydrochina International, CPFL Energia, Sinohydro Corporation, RusHydro, Andritz, Agder Energi SA, GE, Voith Group, ABB Ltd., Duke Energy, Acciona Energia, S.A, Ontario Power Generation, Statkraft, Nepal Electricity Authority, Hydro-Quebec, Georgia Power, Mitsubishi Heavy Industries, Ltd., MidAmerican Energy Holdings Company, Ertan Hydropower Development Company, Ltd., OJSC Bashkirenergo, China Three Gorges Corporation, China Hydroelectric Corporation, IHI Corporation, BC Hydro, EDP Energias do Brasil SA, China Yangtze Power Co. Ltd., and Vattenfall AB.
The hydro electricity market is segmented -
• By Product Type: Dike Type, Diversion Hydropower Station, Mixed Type, Tide, Pumped Storage
• By Capacity: Large, Medium, Small
• By Application: Residential, Commercial, Industrial
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Hydroelectricity refers to a renewable source of energy that generates power by using a dam or diversion structure to alter the natural flow of a river or other body of water. Hydropower stations convert the kinetic energy of flowing or falling water into electrical energy, which is provided to power transmission systems.
The Table Of Content For The Hydro Electricity Market Include:
1. Executive Summary
2. Hydro Electricity Market Characteristics
3. Hydro Electricity Market Trends And Strategies
4. Hydro Electricity Market - Macro Economic Scenario
5. Hydro Electricity Market Size And Growth
27. Hydro Electricity Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Hydro Electricity Market
29. Hydro Electricity Market Future Outlook and Potential Analysis
The "Global Hydro Electricity Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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