Hydropower Market: Company Profiles, Segment Size, and Forecast Through 2024-2031 | Hydro-Quebec, Duke Energy Corporation, Centrais Elétricas Brasileiras S.A., PJSC RusHydro, Ontario Power Generation Inc., Statkraft AS

Hydropower Market reached US$ 244.1 billion in 2022 and is expected to reach US$ 348.2 billion by 2030, growing with a CAGR of 4.8% during the forecast period 2024-2031.

The Hydropower Market report by DataM Intelligence provides comprehensive insights and analysis on key market trends, growth opportunities, and emerging challenges. With a commitment to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. By combining qualitative and quantitative research methodologies, the firm delivers in-depth reports that help clients navigate complex market dynamics, drive strategic growth, and seize new opportunities in an ever-evolving global landscape.

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Hydropower Market Landscape Analysis :

The global hydropower market is undergoing a period of notable expansion, driven by technological innovation and evolving energy policies aimed at supporting renewable integration. Although hydropower has been a key component of electricity generation for nearly 150 years, current efforts are focused on modernizing and optimizing the technology to meet the complex demands of today's energy systems.

Due to the significant upfront costs and extended development timelines, public-sector support continues to play a critical role in the advancement of hydropower projects. According to the International Energy Agency (IEA), global hydropower generation rose by nearly 70 terawatt-hours (TWh), reflecting an increase of close to 2%. This growth was largely fueled by strong capacity deployment between 2021 and 2022. Notably, new capacity additions reached 32 gigawatts (GW) in 2022-an impressive 40% jump compared to the average over the previous five years.

The Asia-Pacific region leads the global hydropower market, with countries like China and India spearheading growth. China remains the dominant force and is expected to retain this position through 2030, contributing an estimated 40% of the global capacity increase during the forecast period. Meanwhile, India is rapidly emerging as the second-largest growth market, positioning itself as a key player in the global hydropower landscape.

Hydropower Market: Shifting Industry Trends and Market Potential

Hydropower Growth Accelerated by Supportive Government Policies

The global hydropower market is gaining momentum, largely fueled by favorable government policies and financial incentives. Across various regions, national strategies are increasingly recognizing hydropower as a vital component of clean energy transitions.

In Europe, pumped storage hydropower has seen notable progress. According to the International Energy Agency (IEA), nearly 2 gigawatts (GW) of pumped storage capacity were brought online in 2022. Projects in countries like Switzerland and Portugal are specifically designed to improve grid flexibility and support the integration of intermittent renewable sources such as solar and wind.

In the United States, legislative initiatives such as the Inflation Reduction Act, enacted in August 2022, signal strong federal backing for hydropower. The Act expands and extends tax credits aimed at encouraging the development and modernization of hydropower infrastructure.

Globally, more than 30 countries have implemented policies that directly support both new and existing hydropower facilities. Governments are increasingly including both large-scale and small-scale hydropower in national renewable energy targets, strategic energy roadmaps, and incentive programs-placing it on equal footing with other variable renewable technologies.

This policy-driven momentum is positioning hydropower as a key enabler of energy stability and sustainability in the transition to low-carbon power systems.

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Strategic Players Driving the Hydropower Market Forward: 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.

Research Methodology:

The global Hydropower Market research report employs a comprehensive dual-source approach, integrating both primary and secondary data collection methods to ensure robust market analysis. Our research framework systematically evaluates multiple industry-influencing variables, including regulatory frameworks and government policies, prevailing market conditions, competitive intensity levels, historical performance data, current market positioning, technological innovations and disruptions, emerging industry developments, cross-sector business impacts, market volatility patterns, growth prospects, potential market barriers, and strategic challenges facing industry participants.

Segment Covered in the Hydropower Market:

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)

By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

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Recent Developments

In August 2023, construction commenced on India's Vishnugad-Pipalkoti Hydropower project, with Hindustan Construction Co. Ltd. launching a Terratec 9.86m diameter Hard Rock Double Shield TBM for the project's 13km low-pressure headrace tunnel. The project faces geological challenges, including thrust zones, shear zones and fault zones, necessitating specialized TBM engineering.

In May 2023, prominent entities within the hydropower industry introduced the European Hydropower Alliance. It collaborative initiative seeks to champion the advantages of hydropower and its significant contribution to fulfilling the European Union's societal, environmental and strategic ambitions.

Regional Analysis for Hydropower Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Most Frequently Asked Questions in the Hydropower Market Research Industry:

➠ Who leads the Hydropower industry and what's their competitive positioning regarding capacity, performance, and profitability?

➠ What growth opportunities and market challenges do Hydropower market vendors face?

➠ Which segments show the highest growth potential and market share distribution?

➠ What factors are driving or limiting Hydropower market growth?

➠ What are the dominant sales and distribution strategies in the Hydropower industry?

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