Global Hydropower Market to hit US$ 348.2 billion by 2030 | DataM Intelligence

"Global 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." As per DataM intelligence research report

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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United States: Recent Industry Developments

✅ In August 2025, the U.S. Department of Energy approved a $120 million investment in modernizing existing hydropower plants across the Midwest. The funding will enhance efficiency, integrate advanced turbine technology, and support grid reliability.

✅ In July 2025, Pacific Gas & Electric (PG&E) completed the commissioning of a 50 MW hydropower expansion at the Upper American River Project in California. The upgrade increases renewable energy output and provides more flexible grid support during peak demand.

✅ In May 2025, General Electric Renewable Energy signed a contract to supply digital hydro turbine monitoring systems for multiple U.S. hydropower plants. This initiative aims to optimize performance, reduce maintenance costs, and extend the operational life of turbines.

Japan: Recent Industry Developments

✅ In July 2025, Kansai Electric Power Company invested $80 million in upgrading the Takigami hydropower plant with high-efficiency turbines. The project targets increased power output while minimizing environmental impact on local waterways.

✅ In June 2025, Japan's Ministry of Economy, Trade, and Industry (METI) launched a $50 million funding program to promote small-scale and distributed hydropower projects across the country, supporting rural electrification and sustainability initiatives.

✅ In April 2025, Hitachi Energy completed the installation of smart digital control systems at multiple hydropower plants in Hokkaido, enabling real-time performance monitoring and improved grid integration of renewable energy.

Hydropower Market: Drivers

The hydropower market is driven by the global push for renewable and clean energy sources to reduce carbon emissions and combat climate change. Growing demand for electricity, especially in emerging economies, is fueling investments in hydropower infrastructure. Government incentives, favorable policies, and long-term power purchase agreements are supporting project development. Technological advancements in turbine efficiency and small-scale hydropower systems are enhancing energy output and project viability. Increasing focus on sustainable and reliable energy solutions for industrial, commercial, and residential use is further boosting market growth.

Market expansion is also fueled by rising investments in modernizing aging hydropower plants and upgrading grid infrastructure. Integration of hydropower with other renewable energy sources, such as solar and wind, is creating hybrid energy solutions. Environmental awareness and the need for low-maintenance, long-lasting power generation systems are promoting hydropower adoption. International collaborations and financing options for large-scale projects are facilitating market penetration in developing regions. With its renewable nature and proven technology, the hydropower market is expected to grow steadily worldwide.

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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 & Grid Stability, Microgrid Solutions, Aquaculture & Fish Farms, Industrial Processes, Others
➥ By Size: Large-Scale Hydropower, Medium-Scale Hydropower, Small-Scale & Micro Hydropower

Hydropower Market: Major Players

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.

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
➡ Top-down and bottom-up approach for regional analysis
➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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Regional Analysis:

⇥ 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)

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