Hydropower Market (By Size: Large Hydropower, Small Hydropower, Others (Mini Hydropower, Micro Hydropower, Pico Hydropower); By Type: Run-of-river, Reservoir (storage) hydropower, Pumped storage hydropower; By End-User: Residential, Commercial, Industrial) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027

The global hydropower market size is anticipated to reach around US$ 99 Bn by 2027 and is expected to grow at a CAGR of around 4% in terms of revenue during the forecast period 2020 to 2027.

Hydropower is the primary source of renewable energy and generates about 16% of world energy and more than 80% of the global energy supply. Currently, more than 25 countries worldwide depend on hydropower for 90% of their power supplies (99.3% in Norway) and 12 countries depend 100% on hydropower. In 65 countries hydro provides the majority of electricity and has a presence in over 150 countries. The main hydropower generation countries of Canada, China and the U.S.

Market Insights

Hydro power plants have registered steady growth, driven largely by a demand for reliable, renewable and usable electricity, as countries search for alternatives to attain the Paris Agreement carbon reduction goals. Electricity generation is recognized as a significant source of greenhouse gas emissions, especially from traditional coal and petroleum-based power plants. However, electricity is a medium from which people cannot survive, and its demand rises only, as industrialization and urbanization are growing. This has forced governments in various countries to focus on energy sources that have the capacity to generate renewable electricity (such as wind, solar, hydro, nuclear, geothermal, and others).

In 2019, more than 50% of the total hydropower installed globally represented large hydropower installed capacity. The government of Uganda monitors the development of the identified hydropower sites in compliance with its hydropower master plan. tTwo flagship schemes are currently ongoing including Isimba (183.2 MW) and Karuma (600 MW) the country is currently in service. Ayago (840 MW), Orianga (392 MW), Uhuru (350 MW) and Kiba (290 MW) are also being built as other major hydropower plants. The broad hydro power capacities in the area are projected to increase during the forecast period. The 1,800 MW Gran Eweng dam, the fourth largest hydropower plant in Africa to be completed by 2024, is also under construction. Another major project in Africa. includes  Kpep (485 MW) and Makay (365 MW) are also scheduled projects. Cameroon is projected to expand hydropower capacity by around 3.000 MW by 2025 with these programs.

Report coverage

The market research study on “Hydropower Market (By Size: Large Hydropower, Small Hydropower, Others (Mini Hydropower, Micro Hydropower, Pico Hydropower); By Type: Run-of-river, Reservoir (storage) hydropower, Pumped storage hydropower; By Application: Residential, Commercial, Industrial) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers detailed insights on the global hydropower market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report provides insights on global hydropower market are offering energy type, services, end-user, and major geographic regions. The hydropower market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.

In terms of revenue, as the hydro power demand for Asia Pacific increases the installed capacity of the countries in the region, it contributes a big share to the global market. Hydropower is China main source of electricity and plans to add more hydro capacity to China infrastructure than other Asia countries. China five year energy growth programs to 2020 is targeted at growing coal consumption and targeting a minimum 15% non-fossil fuel electricity level. Europe is moderately responsible for sales on the global economy and is expected to experience substantial growth over the projected period. The renewable energy adoption is projected to be accelerated in the country by environmental issues and government initiatives. In the forecast period, North America hydropower market is likely to expand. In addition, the market in the Middle East and Africa is in the early stages of reaching the target market and is projected to see strong growth in the forecast period as energy demand in the region increases. According to report published by World Energy Council 2016, hydropower is the leading renewable source for power generation – 71% of the global renewable electricity. In 2016 the overall installed capacity was 1,064 GW, which constituted 16.4% of all sources of energy worldwide.

Key Players

Major players included in this report includes Companhia Energetica de Minas Gerais, CPFL Energia S.A., GE Energy, Sinohydro Corporation, IHI Corporation, Andritz AG, Alstom Hydro, Gerdau S.A., China Three Gorges Corporation, ABB Ltd., China Hydroelectric Corporation, The Tata Power Company, OJSC Bashkirenergo, EDP Energias do Brasil SA, Ertan Hydropower Development Company, Ltd and others.

The global hydropower market is segmented as below:

Market Segmentation

Hydropower Market By Size

• Large Hydropower
• Small Hydropower
• Others (Mini Hydropower, Micro Hydropower, Pico Hydropower)

Hydropower Market By Type

• Run-of-river
• Reservoir (storage) hydropower
• Pumped storage hydropower

Hydropower Market By End-User

• Residential
• Commercial
• Industrial

Hydropower Market By Geography

North America

• U.S.
• Canada

Europe

• U.K
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of Middle East & Africa