Harnessing Water Power: Hydropower Market Forecasted to Grow at 7.4% CAGR by 2030

𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰 :

The global hydropower market is poised for significant expansion in the coming years, driven by increasing demand for renewable energy, sustainable power generation, and government incentives for clean energy projects. According to Maximize Market Research, the global hydropower market was valued at USD 254.55 billion in 2023 and is projected to reach USD 380.23 billion by 2030, growing at a CAGR of 5.9% during the forecast period.

Hydropower remains the world's largest renewable energy source, accounting for a substantial share of the global electricity generation capacity. The increasing adoption of 𝐬𝐦𝐚𝐥𝐥 𝐚𝐧𝐝 𝐦𝐢𝐜𝐫𝐨 𝐡𝐲𝐝𝐫𝐨𝐩𝐨𝐰𝐞𝐫 𝐬𝐲𝐬𝐭𝐞𝐦𝐬,along with large-scale hydropower projects, is driving the growth of the market. Hydropower's ability to provide 𝐛𝐚𝐬𝐞𝐥𝐨𝐚𝐝 𝐩𝐨𝐰𝐞𝐫 and its role in stabilizing electricity grids are crucial for meeting the world's growing energy demands.

𝐊𝐞𝐲 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐨𝐟 𝐆𝐫𝐨𝐰𝐭𝐡:

𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐒𝐮𝐩𝐩𝐨𝐫𝐭 : Governments around the world are implementing favorable policies and incentives to boost hydropower generation as part of their renewable energy targets.

𝐑𝐢𝐬𝐢𝐧𝐠 𝐑𝐞𝐧𝐞𝐰𝐚𝐛𝐥𝐞 𝐄𝐧𝐞𝐫𝐠𝐲 𝐃𝐞𝐦𝐚𝐧𝐝 : With the global push toward decarbonization, hydropower is playing a key role in the transition to cleaner energy sources.

𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐜𝐚𝐥 𝐀𝐝𝐯𝐚𝐧𝐜𝐞𝐦𝐞𝐧𝐭𝐬 : The development of advanced hydropower technologies, such as 𝐩𝐮𝐦𝐩𝐞𝐝 𝐬𝐭𝐨𝐫𝐚𝐠𝐞 𝐡𝐲𝐝𝐫𝐨𝐩𝐨𝐰𝐞𝐫 𝐚𝐧𝐝 𝐬𝐦𝐚𝐥𝐥 𝐦𝐨𝐝𝐮𝐥𝐚𝐫 𝐡𝐲𝐝𝐫𝐨𝐩𝐨𝐰𝐞𝐫 𝐩𝐥𝐚𝐧𝐭, is increasing the scalability and efficiency of hydropower generation.

𝐋𝐨𝐨𝐤𝐢𝐧𝐠 𝐟𝐨𝐫 𝐦𝐨𝐫𝐞 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧? 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐨𝐫 𝐢𝐧𝐪𝐮𝐢𝐫𝐞 𝐧𝐨𝐰 : https://www.maximizemarketresearch.com/request-sample/73888/

𝐇𝐲𝐝𝐫𝐨𝐩𝐨𝐰𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐕𝐢𝐞𝐭𝐧𝐚𝐦

Vietnam is witnessing a surge in demand for renewable energy solutions, and hydropower is a key component of the country's energy transition. The Vietnamese government has prioritized sustainable energy projects as part of its strategy to reduce dependence on fossil fuels and lower carbon emissions.

In 2023, Vietnam Electricity (EVN) signed an agreement with China National Electric Engineering Co. Ltd. to develop a large hydropower plant in the Central Highlands region. The project is expected to generate over 1,000 MW of power, significantly contributing to the country's renewable energy capacity. This collaboration highlights the growing opportunities in Vietnam's hydropower sector, particularly in rural and remote areas where hydroelectric potential is abundant.

𝐇𝐲𝐝𝐫𝐨𝐩𝐨𝐰𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐓𝐡𝐚𝐢𝐥𝐚𝐧𝐝

Thailand is increasingly turning to hydropower as a critical component of its renewable energy strategy. The government has set ambitious goals to increase the share of renewable energy in its energy mix, with hydropower playing a central role in achieving these targets.

In 2023, EGCO Group, a leading Thai energy producer, entered into a joint venture with China Three Gorges Corporation to develop hydropower projects along the Mekong River. This partnership is set to improve the country's hydropower generation capacity by introducing advanced hydropower technologies and increasing efficiency in energy production. The Thai government's push for green energy is driving growth in the hydropower market, with a focus on large-scale projects and cross-border energy cooperation.

𝐇𝐲𝐝𝐫𝐨𝐩𝐨𝐰𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐉𝐚𝐩𝐚𝐧

Japan is committed to diversifying its energy mix and increasing the share of renewable energy in its power generation portfolio. Hydropower remains one of the cornerstones of Japan's energy strategy, with both large-scale and small hydropower plants gaining attention.

In 2023, J-Power, a leading energy company in Japan, announced the development of a large hydropower project in the Kamaishi region. The project, which will include both pumped storage and run-of-river technologies, is expected to generate 2,500 MW of electricity. Japan's hydropower market is benefiting from technological innovations and government support, with a particular focus on integrating smart grid systems and battery storage solutions to maximize the efficiency of hydropower plants.

𝐇𝐲𝐝𝐫𝐨𝐩𝐨𝐰𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐂𝐨𝐧𝐬𝐨𝐥𝐢𝐝𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐒𝐨𝐮𝐭𝐡 𝐊𝐨𝐫𝐞𝐚

South Korea is experiencing significant consolidation in the hydropower market, with major companies acquiring smaller firms to expand their hydropower portfolios and gain access to advanced technologies. The country's commitment to carbon neutrality by 2050 has spurred investments in renewable energy, including hydropower.

In 2023, Korea Hydro & Nuclear Power (KHNP), a subsidiary of KEPCO, acquired the hydropower assets of Doosan Heavy Industries & Construction to enhance its position in the hydropower market. This acquisition strengthens KHNP's ability to manage large-scale hydropower projects and allows the company to develop more efficient, sustainable solutions for energy generation. South Korea's focus on hydropower integration with energy storage systems and smart grid technologies is expected to drive the market's growth.

𝐇𝐲𝐝𝐫𝐨𝐩𝐨𝐰𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐔𝐩𝐝𝐚𝐭𝐢𝐨𝐧 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞

Singapore is increasingly focusing on innovative hydropower solutions, particularly small-scale and marine-based hydropower technologies. As part of its broader goal to become a global leader in green energy and sustainability, Singapore is investing in hydropower as a means of diversifying its energy sources.

In 2023, Keppel Corporation and Sembcorp Industries collaborated to pilot a marine-based hydropower project in the Singapore Strait. The project aims to harness the tidal energy of the strait and convert it into electricity, creating a potential new source of renewable energy for the region. Singapore's forward-thinking approach to hydropower, including the integration of marine energy technologies, positions it as a growing hub for innovation in the sector.

𝐇𝐲𝐝𝐫𝐨𝐩𝐨𝐰𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬

The United States continues to be a global leader in hydropower generation, with the largest number of hydroelectric dams and some of the world's most advanced pumped storage facilities. The country's commitment to clean energy and decarbonization is driving significant investments in hydropower projects.

In 2023, NextEra Energy, a prominent U.S. energy company, expanded its hydropower portfolio with the acquisition of Hydro Green Energy. This acquisition allows NextEra to diversify its energy production by incorporating small hydropower plants and pumped storage systems. The U.S. market is also experiencing a growing trend toward environmentally friendly hydropower projects, with a focus on ecological sustainability and fish-friendly turbines.

𝐇𝐲𝐝𝐫𝐨𝐩𝐨𝐰𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐄𝐮𝐫𝐨𝐩𝐞

Europe remains at the forefront of hydropower development, with countries such as Norway, Sweden, and Austria relying heavily on hydropower for their electricity needs. The European Union's push for renewable energy and its commitment to the Green Deal are further boosting hydropower investments across the region.

In 2023, EDF Renewables entered into a partnership with Statkraft to develop a large-scale hydropower project in Norway. The project, which will include both pumped storage and run-of-river systems, is expected to add over 1,500 MW to the country's electricity grid. In addition, Germany's RWE has been investing heavily in pumped storage hydropower as a way to complement its renewable energy mix and support the integration of intermittent renewable sources like wind and solar.

𝐊𝐞𝐲 𝐑𝐞𝐜𝐞𝐧𝐭 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐇𝐲𝐝𝐫𝐨𝐩𝐨𝐰𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭

𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐜𝐚𝐥 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧𝐬 : Advances in pumped storage hydropower, small modular hydropower plants, and marine-based hydropower technologies are making hydropower more scalable, efficient, and adaptable to changing energy needs

𝐌𝐞𝐫𝐠𝐞𝐫𝐬 & 𝐀𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧𝐬 : Companies like NextEra Energy and Korea Hydro & Nuclear Power are expanding their portfolios through acquisitions of smaller firms with specialized expertise in hydropower.

𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐒𝐮𝐩𝐩𝐨𝐫𝐭: Governments in countries like the U.S., South Korea, and Vietnam are providing substantial incentives and subsidies for hydropower projects to meet renewable energy goals and reduce carbon emissions.

𝐋𝐨𝐨𝐤𝐢𝐧𝐠 𝐟𝐨𝐫 𝐦𝐨𝐫𝐞 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧? 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐨𝐫 𝐢𝐧𝐪𝐮𝐢𝐫𝐞 𝐧𝐨𝐰 :https://www.maximizemarketresearch.com/request-sample/73888/

𝐃𝐢𝐬𝐜𝐨𝐯𝐞𝐫 𝐤𝐞𝐲 𝐬𝐞𝐠𝐦𝐞𝐧𝐭𝐬 𝐝𝐫𝐢𝐯𝐢𝐧𝐠 𝐭𝐡𝐞 𝐠𝐫𝐨𝐰𝐭𝐡 𝐨𝐟 𝐭𝐡𝐞 𝐇𝐲𝐝𝐫𝐨𝐩𝐨𝐰𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 :

𝐛𝐲 𝐂𝐚𝐩𝐚𝐜𝐢𝐭𝐲

Small Hydro Power Plant(Upto 1 MW)
Medium Hydro Power Plant(1MW to 10 MW)
Large Hydro Power Plant (Above 10 Mw)

Small hydro power plants (up to 1MW), medium hydro power plants (1MW to 10MW), and large hydro power plants (above 10MW) make up the three segments of the global hydropower market based on capacity. With a xx% market share in 2023, the large hydropower plant (above 10MW) sector led the pack. Large hydropower plants (over 10MW) are expected to be in high demand during the projection period because to factors like increased reliability, long lifespan, reduced maintenance and operation costs, and improved efficiency. Future hydroelectric projects and initiatives to upgrade hydropower infrastructure in emerging countries are also anticipated to contribute to the expansion of the hydropower sector in the upcoming years.

𝐛𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧

Residential

Commercial
Industrial

𝐛𝐲 𝐄𝐧𝐞𝐫𝐠𝐲

Above 100 MW

Under 10 MW
Others

𝐛𝐲 𝐂𝐨𝐦𝐩𝐨𝐧𝐞𝐧𝐭

Civil Construction
Electromechanical Equipment
Electric
Power Infrastructure
Others

𝐋𝐞𝐚𝐫𝐧 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐞 𝐭𝐨𝐩 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐝𝐫𝐢𝐯𝐢𝐧𝐠 𝐢𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐭𝐡𝐞 𝐇𝐲𝐝𝐫𝐨𝐩𝐨𝐰𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 :

1. GE Energy
2. CPFL Energia S.A
3. Sinohydro Corporation
4. Andritz AG
5. IHI Corporation
6. Alstom Hydro
7. China Hydroelectric Corporation
8. China Three Gorges Corporation
9. ABB Ltd.
10. Gerdau S.A
11. The Tata Power Company
12. OJSC Bshikirenergo
13. EDP Energias do Brasil
14. Companhia Energetica de Minas Gerais
15. Duke Energy Corp

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐝𝐚𝐭𝐚 𝐚𝐧𝐝 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐛𝐲 𝐯𝐢𝐞𝐰𝐢𝐧𝐠 𝐭𝐡𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 : @https://www.maximizemarketresearch.com/request-sample/73888/

𝐆𝐞𝐭 𝐚𝐧𝐬𝐰𝐞𝐫𝐬 𝐭𝐨 𝐜𝐫𝐢𝐭𝐢𝐜𝐚𝐥 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐬𝐡𝐚𝐩𝐢𝐧𝐠 𝐭𝐡𝐞 𝐇𝐲𝐝𝐫𝐨𝐩𝐨𝐰𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 :

What is Hydropower ?
What is the growth rate of the Hydropower Market?
Which are the factors expected to drive the Hydropower market growth?
What is the CAGR at which the Hydropower market will grow during the forecast period?
What are the different segments of the Hydropower Market?
Which is the fastest growing region in the Hydropower market?
What growth strategies are the players considering to increase their presence in Hydropower ?
What are the upcoming opportunities and trends for the Hydropower Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Hydropower Market?
Who are the leading companies and what are their portfolios in Hydropower Market?
What segments are covered in the Hydropower Market?
Who are the key players in the Hydropower market?

𝐆𝐚𝐢𝐧 𝐚𝐜𝐜𝐞𝐬𝐬 𝐭𝐨 𝐯𝐚𝐥𝐮𝐚𝐛𝐥𝐞 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐭𝐡𝐫𝐨𝐮𝐠𝐡 𝐭𝐡𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐥𝐢𝐧𝐤 @https://www.maximizemarketresearch.com/contact-us/

𝐆𝐞𝐭 𝐚 𝐜𝐥𝐨𝐬𝐞𝐫 𝐥𝐨𝐨𝐤 𝐚𝐭 𝐭𝐡𝐞 𝐠𝐚𝐦𝐞-𝐜𝐡𝐚𝐧𝐠𝐢𝐧𝐠 𝐩𝐫𝐨𝐝𝐮𝐜𝐭𝐬 𝐝𝐫𝐢𝐯𝐢𝐧𝐠 𝐬𝐮𝐜𝐜𝐞𝐬𝐬.

Past Size and Competitive Landscape
• Past Pricing and price curve by region
• Size, Share, Size Forecast by different segment
• Dynamics Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Segmentation A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape Profiles of selected key players by region from a strategic perspective

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𝐑𝐞𝐚𝐜𝐡 𝐎𝐮𝐭 𝐭𝐨 𝐌𝐚𝐱𝐢𝐦𝐢𝐳𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐟𝐨𝐫 𝐈𝐧-𝐃𝐞𝐩𝐭𝐡 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐚𝐧𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 :

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