Hydropower Generation Market Synopsis

Hydropower Generation Market Size Was Valued at USD 251.75 Billion in 2023 and is Projected to Reach USD 424.24 Billion by 2032, Growing at a CAGR of 5.97% From 2024-2032.

Generating electricity through hydropower is a technique that taps into the energy of flowing or descending water. This renewable energy method entails capturing the kinetic energy inherent in water and transforming it into electrical power through the utilization of turbines and generators.

• Hydropower stands out as a clean and sustainable source of energy, playing a pivotal role in the global generation of electricity and contributing to an eco-friendly and environmentally conscious power supply. Hydropower generation holds a prominent position in the realm of renewable energy. Amid escalating concerns over climate change and an increasing focus on clean energy, hydropower has emerged as a dependable and well-established technology. Its robust market presence is buoyed by the abundant availability of water resources, the well-established infrastructure of hydroelectric plants, and a consistently reliable energy output. Governments and industries worldwide are channeling investments into hydropower projects, aiming to meet energy demands while concurrently reducing reliance on fossil fuels.
• The trajectory of hydropower generation indicates sustained growth. This expansion is propelled by continuous technological advancements, including heightened turbine efficiency and improved grid integration. Moreover, the adaptability of hydropower as a dispatchable energy source renders it invaluable for mitigating the variability associated with other renewables such as solar and wind. The global push towards carbon neutrality and sustainable energy solutions further solidifies hydropower's position as a pivotal player in fulfilling future energy needs while minimizing environmental impact.
• A confluence of current and future factors is steering the continued growth of the hydropower generation market. The existing momentum, driven by environmental concerns and established infrastructure, harmonizes with ongoing technological progress and the broader global shift towards sustainable energy solutions.

Hydropower Generation Market Trend Analysis:

Rising Global Energy Demand

• The escalating global energy demand serves as a significant driver propelling the growth of the Hydropower Generation Market. As populations increase and economies expand, the need for reliable and abundant energy sources becomes imperative. Hydropower, being a renewable and efficient energy solution, addresses this demand by providing a consistent and substantial power supply. Its ability to generate electricity on a large scale makes hydropower an attractive option to meet the rising energy needs of both developed and developing nations.
• Furthermore, the environmental benefits associated with hydropower contribute to its appeal in the face of growing concerns about climate change. As countries strive to reduce their carbon footprint and transition towards cleaner energy alternatives, hydropower emerges as a sustainable option. Its capacity to produce electricity without emitting greenhouse gases aligns with global efforts to combat climate change, making it an essential component in the diversified energy portfolios of many nations.
• The reliability and long-term sustainability of hydropower also position it favorably in the context of fluctuating energy markets. Unlike some other renewable sources, hydropower provides a stable and dispatchable energy supply, capable of meeting both baseline and peak demand. As the global energy landscape evolves, the Hydropower Generation Market is poised to play a crucial role in satiating the rising energy demand while contributing to a more sustainable and environmentally friendly energy future.

Increasing Focus on Renewable Energy

• The increasing global focus on renewable energy sources stands as a key catalyst propelling the expansion of the Hydropower Generation Market. With escalating concerns about climate change, concerted efforts are underway to shift away from fossil fuels and embrace sustainable alternatives. Hydropower, as a stalwart in the realm of renewable energy, gains prominence in this scenario due to its reliability and well-established technology. Governments and industries on a global scale are progressively acknowledging the necessity of reducing reliance on non-renewable sources, with hydropower standing out as a proven and accessible solution.
• Furthermore, the adaptability of hydropower aligns seamlessly with the broader objectives of achieving a diversified and resilient energy mix. As nations strive to mitigate environmental impacts and secure energy independence, hydropower presents itself as a scalable and versatile solution. Its capability to consistently generate electricity, irrespective of weather conditions, positions it as a valuable asset in meeting the dynamic energy demands of contemporary societies. The emphasis on renewable energy, propelled by both environmental and economic considerations, establishes hydropower as a pivotal player in the transition towards a cleaner and more sustainable energy future.
• Moreover, the commitment to achieving carbon neutrality and attaining ambitious renewable energy targets acts as a further impetus for the Hydropower Generation Market. Governments and private entities are channeling investments into the expansion and modernization of hydropower infrastructure, recognizing its critical role in constructing a resilient and low-carbon energy system. As the world intensifies its pursuit of sustainable energy solutions, hydropower emerges as a cornerstone in the global shift towards a cleaner and greener energy landscape.

Hydropower Generation Market Segment Analysis:

Hydropower Generation Market Segmented on the basis of Capacity, Technology, and Application,

By Application, Commercial segment is expected to dominate the market during the forecast period

• The Commercial segment is asserting dominance in the Hydropower Generation Market due to a combination of economic and environmental factors. Commercial entities, driven by a growing emphasis on sustainability and corporate responsibility, are increasingly adopting hydropower solutions to meet their energy needs. The reliable and consistent power output of hydropower aligns with the operational demands of commercial establishments, providing a stable energy source. Additionally, the long-term cost-effectiveness of hydropower installations is appealing to businesses seeking to minimize operational expenses and secure a sustainable energy future. As global concerns over climate change intensify, commercial enterprises are also motivated to reduce their carbon footprint, making hydropower an attractive choice with its low environmental impact.
• Furthermore, the scalability and adaptability of hydropower make it suitable for various commercial applications. From small-scale installations to larger, more complex projects, hydropower can be tailored to the energy requirements of diverse commercial operations. The sector's increasing awareness of the importance of renewable energy sources further solidifies the Commercial segment's dominance in the Hydropower Generation Market, positioning it as a key player in the global transition towards cleaner and more sustainable energy solutions.

By Capacity, Large Hydro Power Plant (Above 10MW) segment held the largest share of 66.39% in 2022

• The market is predominantly led by the segment of Large Hydro Power Plants (Above 10MW), and several compelling reasons contribute to its significant share. the economies of scale associated with these large hydroelectric projects role in establishing their dominance. These plants possess the capacity to generate substantial amounts of electricity, catering to the energy demands of populous regions and industrial sectors. The efficiency and reliability inherent in large hydropower plants make them an attractive choice for governments and utilities aiming for a stable and uninterrupted power supply.
• Furthermore, the extensive experience gained in developing and operating large-scale hydro projects over the years has streamlined their implementation. The proven technology, combined with well-established regulatory frameworks, simplifies the planning and execution of these projects. The expansive infrastructure also enables optimal utilization of water resources, tapping into the potential of major rivers and reservoirs. Consequently, the Large Hydro Power Plants segment emerges as the market leader, playing a pivotal role in fulfilling the surging global demand for clean and sustainable energy.

Hydropower Generation Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast period

• The region's rapid economic expansion and urbanization have spurred a significant rise in electricity demand. Large hydro projects, with their capacity for substantial power generation, role in meeting this growing energy requirement. Governments in nations such as China, India, and Southeast Asia prioritize the strategic development of large hydroelectric facilities to ensure energy security and support industrial growth.
• The Asia Pacific region boasts abundant and suitable geographical features, including large rivers and mountainous terrains. These natural resources create favourable conditions for the construction of large hydropower plants. The region's commitment to renewable energy objectives, combined with available financing and technological expertise, solidifies its dominance in the large hydropower segment. Consequently, the Asia Pacific region emerges as a forefront player in large hydroelectric development, shaping the global energy landscape significantly.

Hydropower Generation Market Top Key Players:

• Ge Power (U.S)
• Cleanhydro Solutions (U.S)
• Hydro-Québec (Canada)
• Rushydro (Russia)
• Electricite De France (Edf) (France)
• Alstom (France)
• Voith Group (Germany)
• Patrizia Ag (Germany)
• Andritz Hydro (Austria)
• Verbund Ag (Austria)
• Centrais Eletricas Brasileiras (Eletrobras) (Brazil)
• Energo-Pro (Czech Republic)
• Statkraft As (Norway)
• China Yangtze Power Co. Ltd. (China)
• China Three Gorges Corporation (China)
• Xinyuan Energy Group (China)
• Nhpc Limited (India)
• Voith Hydro Ocean (Singapore)
• Hydrokinetic Energy Technology (Australia), and Other Major Players.

Key Industry Developments in the Hydropower Generation Market:

• In October 2023, Statkraft, a major player in renewable energy, completed the acquisition of Njordr Offshore Wind AB and Svevind Nordic AB, significant players in offshore and onshore wind power, respectively. This move strengthens Statkraft's position in Sweden's renewable energy market and aligns with their commitment to global energy transition. Roschier provided advisory support to Statkraft in these transactions, highlighting the strategic importance of the acquisitions.
• In September 2022, GE Renewable Energy has been granted a contract to undertake the maintenance of the Belo Monte hydropower plants. Having previously supplied equipment for these power plants, GE will now oversee the scheduled and routine maintenance for the next five years. This responsibility encompasses the maintenance of 24 power-generating units situated at the project site along the Xingu River.
• In September 2023, RusHydro has launched Krasnogorsk Small HPPS, which has a total capacity of 49.8 MW in the Karachay-Cherkess Republic. The investment project was implemented as part of the state's programme for renewable energy development.

1. INTRODUCTION
   1. RESEARCH OBJECTIVES
   2. RESEARCH METHODOLOGY
   3. RESEARCH PROCESS
   4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
   5. MARKET SEGMENTATION
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW
4. GROWTH OPPORTUNITIES BY SEGMENT
5. MARKET LANDSCAPE
   1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power Of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
   2. INDUSTRY VALUE CHAIN ANALYSIS
   3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   4. MARKET TREND ANALYSIS
   5. REGULATORY LANDSCAPE
   6. PESTLE ANALYSIS
   7. PRICE TREND ANALYSIS
   8. PATENT ANALYSIS
   9. TECHNOLOGY EVALUATION
   10. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
       1. Geopolitical Market Disruptions
       2. Supply Chain Disruptions
       3. Instability in Emerging Markets
   11. ECOSYSTEM
6. HYDROPOWER GENERATION MARKET BY CAPACITY (2017-2032)
   1. HYDROPOWER GENERATION MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. SMALL HYDRO POWER PLANT (UP TO 1MW)
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. MEDIUM HYDRO POWER PLANT (1MW - 10MW)
   5. LARGE HYDRO POWER PLANT (ABOVE 10MW)
7. HYDROPOWER GENERATION MARKET BY TECHNOLOGY (2017-2032)
   1. HYDROPOWER GENERATION MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. RUN-OF-THE-RIVER
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. PUMPED STORAGE
   5. IMPOUNDMENT
8. HYDROPOWER GENERATION MARKET BY APPLICATION (2017-2032)
   1. HYDROPOWER GENERATION MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. COMMERCIAL
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. INDUSTRIAL
   5. RESIDENTIAL
9. COMPANY PROFILES AND COMPETITIVE ANALYSIS
   1. COMPETITIVE LANDSCAPE
      1. Competitive Positioning
      2. Hydropower Generation Market Share By Manufacturer (2022)
      3. Industry BCG Matrix
      4. Heat Map Analysis
      5. Mergers & Acquisitions
   2. GE POWER (U.S)
      1. Company Overview
      2. Key Executives
      3. Company Snapshot
      4. Role of the Company in the Market
      5. Sustainability and Social Responsibility
      6. Operating Business Segments
      7. Product Portfolio
      8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
      9. Key Strategic Moves And Recent Developments
      10. SWOT Analysis
   3. CLEANHYDRO SOLUTIONS (U.S)
   4. HYDRO-QUÉBEC (CANADA)
   5. RUSHYDRO (RUSSIA)
   6. ELECTRICITE DE FRANCE (EDF) (FRANCE)
   7. ALSTOM (FRANCE)
   8. VOITH GROUP (GERMANY)
   9. PATRIZIA AG (GERMANY)
   10. ANDRITZ HYDRO (AUSTRIA)
   11. VERBUND AG (AUSTRIA)
   12. CENTRAIS ELETRICAS BRASILEIRAS (ELETROBRAS) (BRAZIL)
   13. ENERGO-PRO (CZECH REPUBLIC)
   14. STATKRAFT AS (NORWAY)
   15. CHINA YANGTZE POWER CO. LTD. (CHINA)
   16. CHINA THREE GORGES CORPORATION (CHINA)
   17. XINYUAN ENERGY GROUP (CHINA)
   18. NHPC LIMITED (INDIA)
   19. VOITH HYDRO OCEAN (SINGAPORE)
   20. HYDROKINETIC ENERGY TECHNOLOGY (AUSTRALIA)
10. GLOBAL HYDROPOWER GENERATION MARKET BY REGION
    1. OVERVIEW
    2. NORTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Capacity
       4. Historic And Forecasted Market Size By Technology
       5. Historic And Forecasted Market Size By Application
       6. Historic And Forecasted Market Size By Country
          1. USA
          2. Canada
          3. Mexico
    3. EASTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Russia
          2. Bulgaria
          3. The Czech Republic
          4. Hungary
          5. Poland
          6. Romania
          7. Rest Of Eastern Europe
    4. WESTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Germany
          2. United Kingdom
          3. France
          4. The Netherlands
          5. Italy
          6. Spain
          7. Rest Of Western Europe
    5. ASIA PACIFIC
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. China
          2. India
          3. Japan
          4. South Korea
          5. Malaysia
          6. Thailand
          7. Vietnam
          8. The Philippines
          9. Australia
          10. New-Zealand
          11. Rest Of APAC
    6. MIDDLE EAST & AFRICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Turkey
          2. Bahrain
          3. Kuwait
          4. Saudi Arabia
          5. Qatar
          6. UAE
          7. Israel
          8. South Africa
    7. SOUTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Brazil
          2. Argentina
          3. Rest of South America
11. INVESTMENT ANALYSIS
12. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. HYDROPOWER GENERATION MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. HYDROPOWER GENERATION MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. HYDROPOWER GENERATION MARKET COMPETITIVE RIVALRY
TABLE 005. HYDROPOWER GENERATION MARKET THREAT OF NEW ENTRANTS
TABLE 006. HYDROPOWER GENERATION MARKET THREAT OF SUBSTITUTES
TABLE 007. HYDROPOWER GENERATION MARKET BY TYPE
TABLE 008. LARGE HYDROPOWER MARKET OVERVIEW (2016-2028)
TABLE 009. SMALL HYDROPOWER MARKET OVERVIEW (2016-2028)
TABLE 010. HYDROPOWER GENERATION MARKET BY APPLICATION
TABLE 011. INDUSTRIAL MARKET OVERVIEW (2016-2028)
TABLE 012. RESIDENTIAL MARKET OVERVIEW (2016-2028)
TABLE 013. COMMERCIAL MARKET OVERVIEW (2016-2028)
TABLE 014. NORTH AMERICA HYDROPOWER GENERATION MARKET, BY TYPE (2016-2028)
TABLE 015. NORTH AMERICA HYDROPOWER GENERATION MARKET, BY APPLICATION (2016-2028)
TABLE 016. N HYDROPOWER GENERATION MARKET, BY COUNTRY (2016-2028)
TABLE 017. EUROPE HYDROPOWER GENERATION MARKET, BY TYPE (2016-2028)
TABLE 018. EUROPE HYDROPOWER GENERATION MARKET, BY APPLICATION (2016-2028)
TABLE 019. HYDROPOWER GENERATION MARKET, BY COUNTRY (2016-2028)
TABLE 020. ASIA PACIFIC HYDROPOWER GENERATION MARKET, BY TYPE (2016-2028)
TABLE 021. ASIA PACIFIC HYDROPOWER GENERATION MARKET, BY APPLICATION (2016-2028)
TABLE 022. HYDROPOWER GENERATION MARKET, BY COUNTRY (2016-2028)
TABLE 023. MIDDLE EAST & AFRICA HYDROPOWER GENERATION MARKET, BY TYPE (2016-2028)
TABLE 024. MIDDLE EAST & AFRICA HYDROPOWER GENERATION MARKET, BY APPLICATION (2016-2028)
TABLE 025. HYDROPOWER GENERATION MARKET, BY COUNTRY (2016-2028)
TABLE 026. SOUTH AMERICA HYDROPOWER GENERATION MARKET, BY TYPE (2016-2028)
TABLE 027. SOUTH AMERICA HYDROPOWER GENERATION MARKET, BY APPLICATION (2016-2028)
TABLE 028. HYDROPOWER GENERATION MARKET, BY COUNTRY (2016-2028)
TABLE 029. BC HYDRO: SNAPSHOT
TABLE 030. BC HYDRO: BUSINESS PERFORMANCE
TABLE 031. BC HYDRO: PRODUCT PORTFOLIO
TABLE 032. BC HYDRO: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 032. HYDRO-QUÉBEC: SNAPSHOT
TABLE 033. HYDRO-QUÉBEC: BUSINESS PERFORMANCE
TABLE 034. HYDRO-QUÉBEC: PRODUCT PORTFOLIO
TABLE 035. HYDRO-QUÉBEC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 035. RUS HYDRO: SNAPSHOT
TABLE 036. RUS HYDRO: BUSINESS PERFORMANCE
TABLE 037. RUS HYDRO: PRODUCT PORTFOLIO
TABLE 038. RUS HYDRO: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 038. CHINA YANGTZE POWER: SNAPSHOT
TABLE 039. CHINA YANGTZE POWER: BUSINESS PERFORMANCE
TABLE 040. CHINA YANGTZE POWER: PRODUCT PORTFOLIO
TABLE 041. CHINA YANGTZE POWER: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 041. AGDER ENERGI: SNAPSHOT
TABLE 042. AGDER ENERGI: BUSINESS PERFORMANCE
TABLE 043. AGDER ENERGI: PRODUCT PORTFOLIO
TABLE 044. AGDER ENERGI: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 044. DUKE ENERGY CORPORATION: SNAPSHOT
TABLE 045. DUKE ENERGY CORPORATION: BUSINESS PERFORMANCE
TABLE 046. DUKE ENERGY CORPORATION: PRODUCT PORTFOLIO
TABLE 047. DUKE ENERGY CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 047. GEORGIA POWER COMPANY: SNAPSHOT
TABLE 048. GEORGIA POWER COMPANY: BUSINESS PERFORMANCE
TABLE 049. GEORGIA POWER COMPANY: PRODUCT PORTFOLIO
TABLE 050. GEORGIA POWER COMPANY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 050. ONTARIO POWER GENERATION: SNAPSHOT
TABLE 051. ONTARIO POWER GENERATION: BUSINESS PERFORMANCE
TABLE 052. ONTARIO POWER GENERATION: PRODUCT PORTFOLIO
TABLE 053. ONTARIO POWER GENERATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 053. STAT KRAFT: SNAPSHOT
TABLE 054. STAT KRAFT: BUSINESS PERFORMANCE
TABLE 055. STAT KRAFT: PRODUCT PORTFOLIO
TABLE 056. STAT KRAFT: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. HYDROPOWER GENERATION MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. HYDROPOWER GENERATION MARKET OVERVIEW BY TYPE
FIGURE 012. LARGE HYDROPOWER MARKET OVERVIEW (2016-2028)
FIGURE 013. SMALL HYDROPOWER MARKET OVERVIEW (2016-2028)
FIGURE 014. HYDROPOWER GENERATION MARKET OVERVIEW BY APPLICATION
FIGURE 015. INDUSTRIAL MARKET OVERVIEW (2016-2028)
FIGURE 016. RESIDENTIAL MARKET OVERVIEW (2016-2028)
FIGURE 017. COMMERCIAL MARKET OVERVIEW (2016-2028)
FIGURE 018. NORTH AMERICA HYDROPOWER GENERATION MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 019. EUROPE HYDROPOWER GENERATION MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 020. ASIA PACIFIC HYDROPOWER GENERATION MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 021. MIDDLE EAST & AFRICA HYDROPOWER GENERATION MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 022. SOUTH AMERICA HYDROPOWER GENERATION MARKET OVERVIEW BY COUNTRY (2016-2028)