Hydropower Market Synopsis

Hydropower Market Size Was Valued at USD 238.1 Billion in 2023, and is Projected to Reach USD 372.5 Billion by 2032, Growing at a CAGR of 5.1% From 2024-2032.

Hydropower or hydro electric power is the energy derived from flowing or falling water and is one form of the renewable energy source. This process involves allowing water to flow through a turbine that is sated with a generator whereby the flowing water imparts kinetic energy to the turbine /generator and this is then converted into electrical energy. Hydropower is used both with the utilization of a dam or a naturally occurring moving water force in run-of-river facilities to provide electricity for the world. This makes it a clean energy type given the absence of direct emissions of greenhouse gases during use and a very common approach towards power generation all over the world.

Hydropower industry is headed towards further growth as governments and countries are shifting more towards renewable energy sources. Hydropower projects have for long been used by many countries and it has been preferred today by many countries as they need more electrical energy and to reduce carbon emissions. Other assisting factors include but not limited to political factors: specific government policies, support, and legal measures to endorse the use of hydropower in different nations also fosters the development of new projects.

• With increasing consumer interest and adoption of renewable energy sources, the hydropower market is growing and changing. Hydropower, as the direct utilisation of the energy of moving water was historically the first type of power, known for its dependability, versatility and practically low CO2 emissions. Existing large and medium hydropower market is having a steady growth in the existing market, due to the rising demand for clean power sources for combating the turmoil of climate change and reduction of the power generated from fossil fuels. Large and small capacities, including individual mini-hydro stations and extensive reservoir schemes, hydroelectricity is firmly at the centre of the global shift towards renewable power generation.
• Hydropower is also promoted globally mainly driven by technology and innovation. Modernization of hydropower systems is being worked on very actively so that the energy generated has maximum efficiency and minimum impacts on the environment. The innovative build of today’s turbines, fish friendly technologies and environmental management measures are working towards solving the ecological issues related to the construction of hydropower plants. Such innovations play a positive role in moving hydropower to a level of sustainability, which would also garner social acceptance.

Hydropower Market Trend Analysis

Growing Demand from Other Energy Sources

• The hydropower market is at the moment in high demands all over the world due to the shifts towards the use of other energy sources as compared to the conventional sources. I?d like to look into the importance of hydropower and the role it plays as the world step up efforts in combating the effects of climate change and move to lower their carbon footprint. Hydropower, the process of producing electrical energy with the help of flowing water has been gaining more attention from government, industries and the customers for the following reasons.
• The following are the various influences which have contributed to the increased demand for hydropower: The environmental Impact of hydropower. Hydropower is one of the renewable sources of energy that generates electricity without any release of greenhouse gases therefore can be said to be environmental friendly as compared to fossil fuels. Hydropower remains an option that is both renewable and sustainable in its contribution to the energy needs of the people across the world. Also, the generation of hydropower endures a relatively long period, and thus the electricity generated will be constant for many years.

Rising Global Energy Needs

• The growth in electricity demand across the international market has grown to be a key factor that has boosted the hydropower market. Hydropower becomes one of the prime contenders in the fight for positions in respectable rank of renewable energy sources as countries step up efforts to provide sufficient energy to the growing population and developing economies. The unmatched benefits of hydropower for the prevalence, stability, and the level of anthropogenic impact recommend this type of energy sources for further development.
• The first positive aspect that can be identified as a key driver to the growth of hydropower is that it is reliable hence consistent. Unlike some forms of renewable energy sources that may be unpredictable and influenced by the weather the hydropower is capable of providing reliability power at all times of the year. The dependability of base load electricity power is important in providing reliable electricity necessary for various industries such as manufacturing, domestic use, and vital services such as hospitals.
• Moreover, hydro energy efficiency or environmental friendliness boosts the global demand for hydropower. The peoples of the world are now more conscious of the need to fight against climate change and reduce emissions of greenhouse gases and the use of hydropower is a clean source of energy. Unlike the production of electricity from fossil fuels which is a health burden due to emission of air pollutants and causes global warming hydropower does not emit any air pollutants.

Hydropower Market Segment Analysis:

Hydropower Market is segmented based on Type, and Application.

By Type, Large Hydropower segment is expected to dominate the market during the forecast period

• Large hydropower segment is expected to hold the market share of around 62%. 0. 02P 2% of market share in the global hydropower market in 2024 thanks to its benefits. This nature gives them the advantage of being able to use massive quantities of water and produce large quantities of electricity at a very low cost. After the construction of large hydropower plants, their operating costs also remain relatively low as compared to other sources of renewables. This makes electricity generated by large hydros relatively cheap in the market. They also offer the benefits of base load power capabilities thanks to their large size for large hydroelectric power stations. These can produce electricity at a constant rate and hence supply energy at a particular time when the energy is required. This positions them as ideal for industries and commercial facilites which require constant power supply. Large hydropower is a significant source of electricity generation as it is reliable and offers a baseload as compared to variable renewables like solar and wind. The large capacity of large hydropower plants enable utilities to rely and build large hydropower plants as the main component of power generation system.

By Application, : Industrial segment held the largest share in 2023

• The industrial segment is the biggest customer for hydropower given the considerable requirements for electrical energy throughout the year. Industrial segment is estimated to hold 43. It will have 3% of the market share by 2024. The diverse manufacturing industries such as metals, chemicals, paper, food processing and others require a large and uninterrupted supply of power. This makes hydropower a favorable form of power especially in areas where industries can harness nearby hydro power resources cheaply. Certain large industries that require electricity and are best served by hydropower include the aluminum plant, steel plant, paper mills and water utilities. These processes are energy intensive and demand large volumes of uninterrupted power, which hydropower as a renewable power source can supply in the most efficient way as compared to fossil fuels. This versatility, especially of large hydro projects, to be inflexible and always available to provide base load power makes it especially attractive to industries. Most manufacturing clusters are situated near river basins; this makes it easy to transport power from hydroelectricity stations. This directly accessible local hydro resource opportunity underlines industrial adoption of hydropower.

Hydropower Market Regional Insights:

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

• Currently, Asia Pacific region is the largest consumer of hydropower in the world. This industry has more dominance of countries like China, India and Japan due to its geographical and climatic conditions and having an estimated 37. 8% share in 2024. Due to significant presence of hilly and mountain region, there are large number of river systems in the region which can be utilized effectively for generation of hydro electricity. For instance, China has been in the frontline in the development of hydropower plants over the last few decades. It has become the world’s largest producer of hydropower capacity and hydropower electricity.

Active Key Players in the Hydropower Market

• Siemens
• GE
• Voith GmbH & Co. KGaA
• TOSHIBA CORPORATION
• FLOVEL Energy Private Limited
• ANDRITZ
• Natel Energy
• Gilkes
• Bharat Heavy Electricals Limited
• SNC-Lavalin Group
• Kolektor
• Mavel, a.s.
• Canyon Hydro
• Three Gorges
• Alfa Laval
• Hydro-Quebec
• ABB
• Engie
• Other Key Players

Key Industry Developments in the Hydropower Market:

• In 2023, Tata Power Delhi Distribution Limited (Tata Power-DDL) entered into a 5-year ahead 200 MW medium term hydro power purchase agreement (PPA) with NTPC Vidyut Vyapar Nigam Ltd (NVVNL) to fulfil expected peak load requirement. It will share hydro power with Tata Power-DDL from May to September of the next year starting early May, 2023.

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 MARKET BY TYPE (2017-2032)
   1. HYDROPOWER MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. LARGE HYDROPOWER
      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. SMALL HYDROPOWER
   5. OTHER SIZES
7. HYDROPOWER MARKET BY APPLICATION (2017-2032)
   1. HYDROPOWER MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. RESIDENTIAL
      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. COMMERCIAL
   5. INDUSTRIAL
8. COMPANY PROFILES AND COMPETITIVE ANALYSIS
   1. COMPETITIVE LANDSCAPE
      1. Competitive Positioning
      2. HYDROPOWER Market Share By Manufacturer (2023)
      3. Industry BCG Matrix
      4. Heat Map Analysis
      5. Mergers & Acquisitions
   2. SIEMENS
      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. GE
   4. VOITH GMBH & CO. KGAA
   5. TOSHIBA CORPORATION
   6. FLOVEL ENERGY PRIVATE LIMITED
   7. ANDRITZ
   8. NATEL ENERGY
   9. GILKES
   10. BHARAT HEAVY ELECTRICALS LIMITED
   11. SNC-LAVALIN GROUP
   12. KOLEKTOR
   13. MAVEL, A.S.
   14. CANYON HYDRO
   15. THREE GORGES
   16. ALFA LAVAL
   17. HYDRO-QUEBEC
   18. ABB
   19. ENGINE
9. GLOBAL HYDROPOWER 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 Type
      4. Historic And Forecasted Market Size By Application
      5. Historic And Forecasted Market Size By Segment3
      6. Historic And Forecasted Market Size By Segment4
      7. Historic And Forecasted Market Size By Segment5
      8. Historic And Forecasted Market Size By Segment6
      9. 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
10. INVESTMENT ANALYSIS
11. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. HYDROPOWER MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. HYDROPOWER MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. HYDROPOWER MARKET COMPETITIVE RIVALRY
TABLE 005. HYDROPOWER MARKET THREAT OF NEW ENTRANTS
TABLE 006. HYDROPOWER MARKET THREAT OF SUBSTITUTES
TABLE 007. HYDROPOWER MARKET BY TYPE
TABLE 008. LARGE HYDROPOWER (GREATER THAN 100 MW) MARKET OVERVIEW (2016-2028)
TABLE 009. SMALL HYDROPOWER (SMALLER THAN 10 MW) MARKET OVERVIEW (2016-2028)
TABLE 010. OTHER SIZES (10-100 MW) MARKET OVERVIEW (2016-2028)
TABLE 011. HYDROPOWER MARKET BY APPLICATION
TABLE 012. RESIDENTIAL MARKET OVERVIEW (2016-2028)
TABLE 013. COMMERCIAL MARKET OVERVIEW (2016-2028)
TABLE 014. INDUSTRIAL MARKET OVERVIEW (2016-2028)
TABLE 015. NORTH AMERICA HYDROPOWER MARKET, BY TYPE (2016-2028)
TABLE 016. NORTH AMERICA HYDROPOWER MARKET, BY APPLICATION (2016-2028)
TABLE 017. N HYDROPOWER MARKET, BY COUNTRY (2016-2028)
TABLE 018. EUROPE HYDROPOWER MARKET, BY TYPE (2016-2028)
TABLE 019. EUROPE HYDROPOWER MARKET, BY APPLICATION (2016-2028)
TABLE 020. HYDROPOWER MARKET, BY COUNTRY (2016-2028)
TABLE 021. ASIA PACIFIC HYDROPOWER MARKET, BY TYPE (2016-2028)
TABLE 022. ASIA PACIFIC HYDROPOWER MARKET, BY APPLICATION (2016-2028)
TABLE 023. HYDROPOWER MARKET, BY COUNTRY (2016-2028)
TABLE 024. MIDDLE EAST & AFRICA HYDROPOWER MARKET, BY TYPE (2016-2028)
TABLE 025. MIDDLE EAST & AFRICA HYDROPOWER MARKET, BY APPLICATION (2016-2028)
TABLE 026. HYDROPOWER MARKET, BY COUNTRY (2016-2028)
TABLE 027. SOUTH AMERICA HYDROPOWER MARKET, BY TYPE (2016-2028)
TABLE 028. SOUTH AMERICA HYDROPOWER MARKET, BY APPLICATION (2016-2028)
TABLE 029. HYDROPOWER MARKET, BY COUNTRY (2016-2028)
TABLE 030. GENERAL ELECTRIC COMPANY: SNAPSHOT
TABLE 031. GENERAL ELECTRIC COMPANY: BUSINESS PERFORMANCE
TABLE 032. GENERAL ELECTRIC COMPANY: PRODUCT PORTFOLIO
TABLE 033. GENERAL ELECTRIC COMPANY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 033. SIEMENS AG: SNAPSHOT
TABLE 034. SIEMENS AG: BUSINESS PERFORMANCE
TABLE 035. SIEMENS AG: PRODUCT PORTFOLIO
TABLE 036. SIEMENS AG: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 036. ANDRITZ AG: SNAPSHOT
TABLE 037. ANDRITZ AG: BUSINESS PERFORMANCE
TABLE 038. ANDRITZ AG: PRODUCT PORTFOLIO
TABLE 039. ANDRITZ AG: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 039. VOITH GMBH & CO. KGAA: SNAPSHOT
TABLE 040. VOITH GMBH & CO. KGAA: BUSINESS PERFORMANCE
TABLE 041. VOITH GMBH & CO. KGAA: PRODUCT PORTFOLIO
TABLE 042. VOITH GMBH & CO. KGAA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 042. CHINA YANGTZE POWER CO. LTD: SNAPSHOT
TABLE 043. CHINA YANGTZE POWER CO. LTD: BUSINESS PERFORMANCE
TABLE 044. CHINA YANGTZE POWER CO. LTD: PRODUCT PORTFOLIO
TABLE 045. CHINA YANGTZE POWER CO. LTD: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 045. PJSC RUSHYDRO: SNAPSHOT
TABLE 046. PJSC RUSHYDRO: BUSINESS PERFORMANCE
TABLE 047. PJSC RUSHYDRO: PRODUCT PORTFOLIO
TABLE 048. PJSC RUSHYDRO: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 048. ÉLECTRICITÉ DE FRANCE SA (EDF): SNAPSHOT
TABLE 049. ÉLECTRICITÉ DE FRANCE SA (EDF): BUSINESS PERFORMANCE
TABLE 050. ÉLECTRICITÉ DE FRANCE SA (EDF): PRODUCT PORTFOLIO
TABLE 051. ÉLECTRICITÉ DE FRANCE SA (EDF): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 051. IBERDROLA SA: SNAPSHOT
TABLE 052. IBERDROLA SA: BUSINESS PERFORMANCE
TABLE 053. IBERDROLA SA: PRODUCT PORTFOLIO
TABLE 054. IBERDROLA SA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 054. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 055. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 056. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 057. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. HYDROPOWER 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 MARKET OVERVIEW BY TYPE
FIGURE 012. LARGE HYDROPOWER (GREATER THAN 100 MW) MARKET OVERVIEW (2016-2028)
FIGURE 013. SMALL HYDROPOWER (SMALLER THAN 10 MW) MARKET OVERVIEW (2016-2028)
FIGURE 014. OTHER SIZES (10-100 MW) MARKET OVERVIEW (2016-2028)
FIGURE 015. HYDROPOWER MARKET OVERVIEW BY APPLICATION
FIGURE 016. RESIDENTIAL MARKET OVERVIEW (2016-2028)
FIGURE 017. COMMERCIAL MARKET OVERVIEW (2016-2028)
FIGURE 018. INDUSTRIAL MARKET OVERVIEW (2016-2028)
FIGURE 019. NORTH AMERICA HYDROPOWER MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 020. EUROPE HYDROPOWER MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 021. ASIA PACIFIC HYDROPOWER MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 022. MIDDLE EAST & AFRICA HYDROPOWER MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 023. SOUTH AMERICA HYDROPOWER MARKET OVERVIEW BY COUNTRY (2016-2028)