Hydropower Market Report by Size (Large Hydropower (Greater Than 100 MW), Small Hydropower (Smaller Than 10 MW), and Others), Application (Industrial, Residential, Commercial), and Region 2024-2032
The global hydropower market size reached 1.47 TW in 2023. Looking forward, IMARC Group expects the market to reach 1.65 TW by 2032, exhibiting a growth rate (CAGR) of 1.3% during 2024-2032.
Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
1.47 TW
Market Forecast in 2032
1.65 TW
Market Growth Rate 2024-2032
1.3%
Hydropower refers to the electrical energy generated by converting kinetic energy from water bodies, such as rivers, waterfalls and oceans. Various turbine-based power stations are positioned on the riverbed through which electricity is produced using a generator. Hydropower operates through dams with seasonal storage or through pumped-storage reversible plants that can be used for both the generation and transmission of energy. Run-of-river, storage, pumped-storage, and offshore hydropower are the most commonly used hydropower technologies. These technologies are environment-friendly and emit minimal greenhouse gas (GHG) during the generation of power.
Hydropower Market Trends:
The growing demand for sustainable sources of energy, along with rapid industrialization across the globe, is one of the key factors driving the growth of the market. In comparison to the energy produced from the traditional coal and petroleum-based power plants, hydropower is more reliable, cleaner and cost-effective. Furthermore, widespread adoption of small hydropower (SHP) plants is also providing a boost to the market growth as these plants are highly flexible and adaptable to dynamic geographical and infrastructural circumstances, especially in areas with poor grid connectivity. Various technological advancements, such as integration with the Industrial Internet of Things (IIoT) solutions, are also acting as another growth-inducing factor. The integration facilitates the utilization of smart sensors that can provide continuous and high-rate stream data to enhance the operational efficiency by continuously monitoring the levels of energy generated by the plant. Other factors, including the rising global population impacting the energy demands and the implementation of favorable government policies promoting the usage of renewable sources of energy, are projected to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global hydropowermarket report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on size and application.
Breakup by Size:
Large Hydropower (Greater Than 100 MW)
Small Hydropower (Smaller Than 10 MW)
Others
Breakup by Application:
Industrial
Residential
Commercial
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being ABB Ltd., American Hydro Corporation (Wärtsilä Oyj Abp), Andritz AG, China Yangtze Power Co. Ltd. (China Three Gorges Corporation), Companhia Energética de Minas Gerais, Électricité de France S.A., General Electric Company, Iberdrola S.A., RusHydro, Siemens Energy AG, Tata Power Company Limited and Voith GmbH & Co. KGaA.
Report Coverage:
Report Features
Details
Base Year of the Analysis
2023
Historical Period
2018-2023
Forecast Period
2024-2032
Units
US$ Billion, TW
Segment Coverage
Size, Application, Region
Region Covered
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered
ABB Ltd., American Hydro Corporation (Wärtsilä Oyj Abp), Andritz AG, China Yangtze Power Co. Ltd. (China Three Gorges Corporation), Companhia Energética de Minas Gerais, Électricité de France S.A., General Electric Company, Iberdrola S.A., RusHydro, Siemens Energy AG, Tata Power Company Limited, Voith GmbH & Co. KGaA
Customization Scope
10% Free Customization
Report Price and Purchase Option
Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
The global hydropower market reached a volume of 1.47 TW in 2023.
We expect the global hydropower market to exhibit a CAGR of 1.3% during 2024-2032.
The rising demand for sustainable source of energy, such as hydropower, as it is more reliable, cleaner, and cost-effective, is primarily driving the global hydropower market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of various end-use industries for hydropower electrical energy.
Based on the size, the global hydropower market has been segregated into large hydropower (greater than 100 MW), small hydropower (smaller than 10 MW), and others. Among these, large hydropower (greater than 100 Mw) currently exhibits clear dominance in the market.
Based on the application, the global hydropower market can be bifurcated into industrial, residential, and commercial. Currently, the industrial sector holds the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global hydropower market include ABB Ltd., American Hydro Corporation (Wärtsilä Oyj Abp), Andritz AG, China Yangtze Power Co. Ltd. (China Three Gorges Corporation), Companhia Energética de Minas Gerais, Électricité de France S.A., General Electric Company, Iberdrola S.A., RusHydro, Siemens Energy AG, Tata Power Company Limited, and Voith GmbH & Co. KGaA.
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