Hydropower Market to Witness Massive Growth (2024-2031)| China Three Gorges Corporation, Electricite de France S.A., Hydro-Quebec, Duke Energy Corporation

Hydropower Market Research Report By DataM Intelligence: A comprehensive analysis of current and emerging trends provides clarity on the dynamics of the Hydropower market. The report employs Porter's Five Forces model to assess key factors such as the influence of suppliers and customers, risks posed by different entities, competitive intensity, and the potential of emerging entrepreneurs, offering valuable insights. Additionally, the report presents research data from various companies, including their benefits, gross margins, and strategic decisions in the global market, all conveyed through tables, charts, and infographics.

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What is the projected growth rate (CAGR) of the Global Hydropower market from 2024 to 2031, and what is the market value expected to change by 2031?

The Global Hydropower Market reached US$ 244.1 billion in 2022 and is expected to reach US$ 348.2 billion by 2031, growing with a CAGR of 4.8% during the forecast period 2024-2031.

What is Hydropower Market?

Hydropower is a form of renewable energy that harnesses the kinetic energy of flowing or falling water to generate electricity. It typically involves the use of dams or water turbines to convert the energy from water movement into mechanical energy, which is then transformed into electrical energy through generators. Hydropower is considered a clean and sustainable energy source, as it produces no direct emissions and relies on the natural water cycle, making it a significant contributor to global electricity production.

Growth Driver

Renewable Energy Demand

The hydropower market is anticipated to grow due to the increasing demand for renewable energy as the world shifts towards more sustainable and low-carbon energy sources. According to the International Energy Agency (IEA), achieving the Net Zero Emissions Scenario requires a yearly increase of approximately 13% in renewable energy supply from 2023 to 2030. This indicates a significant growth rate that surpasses historical levels of renewable capacity deployment.

Key Players:

Profiles of some of the major players in the global Hydropower market, which include:

China Three Gorges Corporation, Electricite de France S.A., Hydro-Quebec, Duke Energy Corporation, Centrais Elétricas Brasileiras S.A., PJSC RusHydro, Ontario Power Generation Inc., Statkraft AS., Sn Power Holding Singapore Pte. Ltd and Itaipu Binacional.

Industry Development:

In August 2023, construction began on India's Vishnugad-Pipalkoti Hydropower project, with Hindustan Construction Co. Ltd. deploying a Terratec 9.86m diameter Hard Rock Double Shield Tunnel Boring Machine (TBM) for the project's 13km low-pressure headrace tunnel. The project is challenged by complex geological conditions, including thrust zones, shear zones, and fault zones, requiring specialized engineering for the TBM.

In May 2023, key stakeholders in the hydropower sector launched the European Hydropower Alliance, a collaborative initiative aimed at promoting the benefits of hydropower and its vital role in helping the European Union achieve its societal, environmental, and strategic goals.

On July 22, 2022, Iberdrola celebrated the inauguration of its pumped storage hydropower facility, the Tâmega Gigabattery, in Portugal, while a similar facility began operations in Switzerland. Together, these installations are designed to enhance Europe's power storage capacity by over 2 GW, earning them the nickname "water batteries."

The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global Hydropower market.

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Market Segments:

The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviours.

By Technology: Conventional hydropower, Impoundment or reservoir, Run-of-river, Pumped storage hydropower

By Application: Electricity Generation, Load Balancing and Grid Stability, Microgrid Solutions, Aquaculture and Fish Farms, Industrial Processes, Others

By Size: Large-Scale Hydropower, Medium-Scale Hydropower, Small-Scale and Micro Hydropower

Regional Break out:

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Colombia, Rest of South America

☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel

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Key Features

➧ Gain deep insights into market dynamics, trends, and opportunities to stay ahead in a competitive landscape.

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➧ Compare your performance with industry leaders to identify gaps, strengths, and areas for improvement.

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➧ Identify and target specific market segments with detailed intelligence on customer preferences and behaviours.

➧ Stay informed on regulatory changes and legal requirements impacting your industry to ensure compliance and mitigate risks.

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