Hydro Power Market Sees Explosive Growth Globally

According to the latest research report published by Market Data Forecast, the global hydro power market size was estimated at USD 242.83 billion in 2023 and is expected to reach USD 334.82 billion in 2029, and is projected to grow at a CAGR of 5.50% from 2024 to 2029.

Hydroelectricity is a clean, sustainable, and readily available source of energy with no negative effects on the environment. The amount of electricity produced by the hydroelectric plant depends on the amount of running water and elevation. In hydroelectric power plants, attached rotating blades convert kinetic energy into electrical energy generated by rotational motion.

Global Digital Hydro Power Market Report Scope:

• Market Size (2029): USD 334.82 Billion
• Market Size (2023): USD 242.83 Billion
• CAGR (2024 to 2029): 5.50%
• Base Year: 2023
• Forecast Period: 2024 to 2029
• Segments Analysed: Power Generation Capacity, and Geography
• Geographies Covered: North America, Europe, APAC, Latin America, and Middle East & Africa
• Key Market Players Profiled: Missouri River Energy, GreenCollar Group, Pelamis Wave Power, GreenField Consulting, Water Conservation Specialist, China Three Gorges Corporation, China Datang Corporation, Dongfang Electric Corporation Limited, China Huadian Corporation, China Huaneng Group Corporation, Bharat Heavy Electricals Limited, The Tata Power Company, Jaiprakash Associates Limited, NHPC Limited, Uttarakhand Jal Vidyut Nigam Limited, Comision Federal de Electricidad, Andritz Hydro GmbH, and Statkraft AS, and Others.

Market Drivers:

In recent years, the global market for hydropower plant development has witnessed an increase in interest in smaller hydropower projects. These initiatives, dubbed tiny hydropower plants, are becoming more popular because of their economical and environmentally beneficial benefits. Furthermore, due to their ability to utilise nearby water resources, small-scale hydroelectricity projects are receiving more attention. Micro hydropower plants have one major benefit over big-scale projects, which is that they may be created on small streams and rivers instead of requiring large dam structures and large amounts of water.

Additionally, these small hydropower plants provide significant benefits to isolated and rural people, raising their standard of living and opening doors to greater economic, medical, and educational prospects. Thus, the industry is being positively impacted by these variables. As a result, it is anticipated to propel market expansion during the projected decade.

40% of the growth is projected to arise from APAC. Over the past few years, hydropower plant development in APAC has increased significantly. There is an increasing need for reliable and sustainable energy sources as a result of the fast-paced industrialization and urbanisation. China is among the principal nations that have made a significant contribution to the expansion of the market in the area. Construction of large hydropower facilities, like the Three Great River Dam, one of the largest hydropower plants in the world, has involved a substantial investment.

Market Restraints:

The lack of sufficient resources for generation is impeding the growth of the hydro power market. One of the biggest obstacles to the industry's expansion is the quantity of resources available for the production of hydropower. Hydropower market expansion is being hindered by the number of facilities that are available in developing and underdeveloped nations. To enable the generation of energy on a wider scale, the governments of undeveloped and developed countries have entered into several partnerships to create hydroelectric projects.

In addition, there has been a notable advancement in the technology of renewable energy sources, which may potentially jeopardise the worldwide hydropower plant infrastructure construction industry. Therefore, there may be certain hazards associated with this development for the growth and sustainability of hydroelectric power facilities.

Additionally, one of the primary obstacles to the technological advancement of renewable energy is the growing cost-effectiveness and efficiency of solar and wind energy sources. Consequently, there is now less of a demand for hydroelectric power facilities as a result of the growing desire for these alternatives. Thus, the market is being adversely affected by these issues. As a result, during the projected period, it is anticipated to impede the market.

Browse full details of the report @ https://www.marketdataforecast.com/market-reports/hydro-power-market

SEGMENTATION INCLUDED IN THIS REPORT:

By Power Generation Capacity:
• Small
• Large
• Micro
• Pico-Hydro Plants

By Region:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Key Insights from The Report:

• Based on power generation capacity, the small segment captured the highest share of the global market in 2023.
• Middle East and Africa dominated the hydro power market in 2023. North America accounted for the second-highest share of the global market in 2023 and on the other hand, the Asia-Pacific region is estimated to grow at the fastest CAGR during the forecast period.

TABLE OF CONTENTS:

1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year, and Forecast Periods

2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline

3. Report Overview
3.1 Executive Summary
3.2 Key Inferences

4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends

5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market Share Analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquisition Landscape
5.3 Joint Ventures & Collaborations

6. Market Segmentation
6.1 Hydropower Market, By Power Generation Capacity
6.1.1 small
6.1.2 large
6.1.3 Micro
6.1.4 Pico-Hydro Plants
6.1.5 Market Size Estimations & Forecasts (2024-2029)
6.1.6 Y-o-Y Growth Rate Analysis
6.1.7 Market Attractiveness Index

7. Geographical Landscape
7.1 Global Hydropower Market, by Region
7.2 North America - Market Analysis (2024-2029)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Power Generation Capacity
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Power Generation Capacity
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Power Generation Capacity
7.5 Latin America
7.5.1 By Country
7.5.1.1 brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Power Generation Capacity
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Power Generation Capacity

8. Key Player Analysis
8.1 Missouri River Energy
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 GreenCollar Group
8.3 Pelamis Wave Power
8.4 GreenField Consulting
8.5 Water Conservation Specialist
8.6 Dongfang Electric Corporation Limited
8.7 China Huadian Corporation
8.8 Bharat Heavy Electricals Limited
8.9 NHPC Limited
8.10 Statkraft AS

9. Market Outlook & Investment Opportunities

10. Appendix
List of Tables
List of Figures

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