Press release
Hydropower Market - Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2023
Market HighlightsThe global volatility in fossil fuel prices along with initiatives towards energy security will further complement the hydropower industry landscape. Hydropower is one of the oldest sources of energy which was used for thousands of years ago, to turn paddle wheels that help grind grain. Hydropower is a versatile, sustainable technology and it is the world’s largest source of the renewable energy and currently accounts for about 20% of the world’s total electricity supply. Hydropower has one of the best of conversion of all known energy sources. Harnessing water maturely can help take electricity access to millions of people. Stable, reliable and affordable electricity supply is also crucial for driving economic growth and ending the global poverty. Hydropower are classified based on their capacity as mini hydropower, micro and pico hydropower, small hydropower and large hydropower.
Hydropower Market is expected to grow over the CAGR of more than 3% during the period 2017 to 2023.
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Asia-Pacific region is expected to grow at the fastest rate.
The mechanical energy storage market in the Asia-Pacific region is currently leading and is followed by Europe and North America market. The rapid industrial development in the countries such as India and China where there are issues with continuous reliable electricity supply, is driving the market for mechanical energy storage. Also R&D and utilization of modern flywheels in China and India with growing trend of compressing air and storing them it in large repositories, such as underground salt caverns, and releasing it to drive a turbine during periods of demand will drive mechanical energy storage market.
Key Players
The key players of global hydropower market are Voith GmbH (Germany), ANDRITZ HYDRO GmbH (Austria), General Electric Company (U.S), China Three Gorges Corporation (China), Alfa Laval (Sweden), Metso Corporation (Sweden), Hydro-Québec (Canada), ABB Ltd (Switzerland), Engie (France) and Tata Power Corporation (India).
Scope of the Report
The scope of the study segments the global hydropower market by its capacity and by region.
By Capacity
• Mini Hydropower
• Micro and Pico Hydropower
• Small Hydropower
• Large Hydropower
By Regions
• North America
• Asia Pacific
• Europe
• Rest of the World
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Table of Content
1... Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3... Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4 Global Hydropower Market, By Capacity
4.1 Introduction
4.2 Mini Hydropower
4.3 Micro And Pico Hydropower
4.4 Small Hydropower
4.5 Large Hydropower
5 Regional Market Analysis
Continue……….
Key questions answered in this report
• What will the market size be in 2023 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
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Global Hydropower Market
Currently, the Hydropower market is in the growth stage. This is due to the increase in demand for power, and, global initiatives to use more renewable and non-conventional energy sources, smart grids, & the global need to restrict carbon emission will boost the global hydropower market. The Asia-Pacific region is the leading market for energy storage market and is followed by Europe and North-America.
U.S hydropower market accounted about…