Press release
Hydro Electricity Market Poised for Steady Growth: Market Trends, Key Players, and Projections
Hydro Electricity Market Size
What Is The Projected Market Size Of The Global Hydro Electricity Market And Its Growth Rate?
• In 2024, the Hydro Electricity market was valued at $319.18 billion.
• By 2025, it is expected to reach $333.82 billion, growing at a CAGR of 4.6%.
• The market is further expected to grow steadily in the next few years, with a projected size of $380.78 billion by 2029 at a CAGR of 3.3%.
• The hydro electricity market growth is driven by large-scale dam construction, rural electrification programs, world wars and energy demands, and deregulation and market reforms.
What Is Driving The Growth In The Hydro Electricity Market?
Government initiatives and favorable policies are significantly contributing to the growth of the global hydroelectricity market. The recent Inflation Reduction Act in the United States in 2022, extended tax credits for hydropower technologies, showing a growing recognition and demand for renewable energy sources. This, along with similar favorable laws in emerging countries, is expected to drive the growth of the hydro electricity market.
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Who Are the Key Players Driving Hydro Electricity Market Growth?
• Andritz Hydro
• BC Hydro
• China Yangtze Power Co. Ltd.
• EDF (Électricité de France)
• Engie SA
• General Electric Power
• Iberdrola SA
• Manitoba Hydro
• National Hydroelectric Power Corporation (NHPC)
• RusHydro
• Statkraft AS
• Tata Power
• Voith Hydro
• Brookfield Renewable Partners
• Innergex Renewable Energy
• Sembcorp Industries
• Duke Energy Corporation
• Pacific Gas and Electric Company (PG&E)
• Hydro-Québec
• Fortum Oyj
• Itaipu Binacional
• Ontario Power Generation
• Pacific Hydro
• Enel Green Power
• Tokyo Electric Power Company (TEPCO)
• Sinohydro Group Ltd.
• Scottish Power
• Kansai Electric Power
What Are The Key Trends In The Hydro Electricity Market?
• Renewable energy targets
• Storage solutions integration
• Hydropower in climate resilience strategies
• Investment in infrastructure
• Policy support and incentives
• Hydropower in climate mitigation strategies
• Community and stakeholder engagement
• Hydropower as baseload power
• Grid modernization and integration
• Hydropower expansion in developing countries
What Are The Segments Of The Global Hydro Electricity Market?
• Product Type: Dike Type, Diversion Hydropower Station, Mixed Type, Tide, Pumped Storage
• Capacity: Large, Medium, Small
• Application: Residential, Commercial, Industrial
Which Region Leads The Hydro Electricity Market?
The Asia-Pacific region led the hydroelectricity market in 2024, with Western Europe following as the second-largest region. Other regions covered in the hydro electricity market report include Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Hydro Electricity Market Global Market Report?
- Market Size Analysis: Analyze the Hydro Electricity Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Hydro Electricity Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Hydro Electricity Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Hydro Electricity Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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