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Hydro Electricity Market: Comprehensive Analysis of Industry Demand, Technological Innovations, Market Size, Share, and Future Forecasts
Hydro Electricity Market
As per the report, the hydro electricity market size has grown strongly in recent years. It will grow from $318.98 billion in 2023 to $336.28 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The hydro electricity market size is expected to see steady growth in the next few years. It will grow to $400.49 billion in 2028 at a compound annual growth rate (CAGR) of 4.5%.
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Favorable Laws In Emerging Countries Fueling Growth In The Hydroelectricity Market
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. For instance, in January 2021, according to the Business Standard newspaper, the Government of India cleared 8 hydropower projects of 144 MW. The introduction of favorable laws will boost the demand for hydropower and, in turn, drive the growth of the hydro electricity market.
Nhpc Ltd. Collaborates With Vidhyut Utpadan Company Ltd. To Enhanced Productivity In The Hydroelectricity Market
Major companies operating in the hydroelectricity market are focusing on the development of strategic initiatives to develop the 480 MW Phukot hydro project to help increase productivity and sustain their position in the market. For instance, in June 2023, NHPC Ltd., an India-based hydropower company, partnered with Vidhyut Utpadan Company Ltd. is a Nepal-based hydropower company to develop a 480 MW Phukot Karnali hydroelectric project. The Karnali River flow will be used to generate power for the project, and the generated power will be supplied into Nepal's integrated power system. The installed capacity of the project will be 480 MW, with an average annual generation of about 2,448 GWh. Vidhyut Utpadan Company Ltd. is a Nepal-based hydropower company.
The hydro electricity market covered in this report is segmented -
1) By Product Type: Dike Type, Diversion Hydropower Station, Mixed Type, Tide, Pumped Storage
2) By Capacity: Large, Medium, Small
3) By Application: Residential, Commercial, Industrial
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Major companies operating in the hydro electricity market report are Midea Group, Hitachi Ltd., Panasonic Corporation, Haier Group, Specialty Refrigeration and Equipment, Daikin Global, Gree Electric Appliances Inc., Johnson Controls International plc, Carrier Corporation, Whirlpool Corporation, Illinois Tool Works Inc., Electrolux AB, Snow River Chillers, Fukushima Galilei Co. Ltd, Lotte Engineering & Machinery Mfg. Co., Dover Corporation, Ingersoll-Rand Plc, GEA Group AG, Hoshizaki Corporation, Blue Star Limited, Standex International Corporation, Arneg S.p.A, Paul Mueller Company, Bitzer, Innovative DisplayWorks, Baltimore Aircoil Company, Structural Concepts Corporation, Zhongshan Aochi Refrigeration Equipment Co. Ltd, Mokon Chillers, Blue Air, Frigoglass SAIC, Cold Shot Chillers, RTF Manufacturing
Contents of the report:
1. Executive Summary
2. Hydro Electricity Market Report Structure
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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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