Global Hydropower Market Overview

Global Hydropower Market was valued at USD 2.72 Billion in 2021 and is expected to reach USD 3.20 Billion by the year 2028, at a CAGR of 2.33%.

Hydropower is the only largest renewable electricity source present in the world, with achievement of a record of 4,333 terawatt-hours (TWh) in hydropower in 2019, also, in 2020 the total global hydropower installed capacity has reached 1,328 gigawatts (GW), which is 1.5% greater over the previous year.

Hydroelectric power or hydropower is a renewable energy source, where electrical power is produced from the energy of water moving from higher levels to lower levels. Additionally, hydropower projects also supply clean water for agriculture, homes, and business and help to mitigate the impacts of extreme weather events such as floods and drought.  Hydropower is the single largest source of renewable electricity and the largest contribution in the global renewable based electricity generation is from hydropower as of 2020.

Hydropower is cheaper as in comparison with other electricity sources such as, from coal and gas fired plants. Despite of being a capital-intensive mode of electricity generation, hydropower plants also reduce the financial losses due to frequency fluctuations.

COVID-19 Impact Analysis on Hydropower Market

The outbreak of COVID-19 pandemic has negatively impacted the hydropower market globally, because of the disruptions in the international supply chain and a reduction in investment for the upcoming projects. In addition, there have been delays in many hydropower projects across the globe due to many factors such as, lockdown restrictions, unavailability of manpower, and others. Still, many new hydropower projects are been developing with the support of the government, the industry faced the very hindrance during the pandemic period and is to be recovered.

Market Dynamics And Factors

Drivers:

The global hydropower generation market is mainly driven by the only big factor which is growing demand for reliable and continuous electricity from the industrial sector. Hydropower plants are pliable and can dispatch power to the grid immediately when all other energy sources are unavailable, they provide essential back-up power during the most need for instance, as in the 2003 blackout.

Also, the gap in supply-demand in industry has been increasing with the time, proving it to be a prime concern for utilities which directly resulted to the increase in investments toward the development of sustainable power generation sources especially hydropower. Such, increased investments that replaces old traditional power generating technologies with the advanced sustainable and clean options is the key booster of the hydropower market.

Restraints:

Most of the hydroelectric power plants have dam and a reservoir. This structure linkage may obstruct fish migration and affect their life. Operations linked to hydroelectric power plant leads to change the water temperature and also affects river's flow these type of changes in the water can most possibly harm native plants and animals in the river and also on the land.

In addition, if too much water is stored behind the reservoir or segments of the river downstream from the reservoir can dry out. Thus, most hydroelectric operators are must to release a minimum amount of water at certain times during the year. If not released appropriately, water levels downstream will drop, and it will be harmful for animal and plant life. In spite of presence of driving factors, factors like the negative environmental consequences of hydropower projects are likely to come up as an obstacle in the growth of hydropower market during the study period.

Opportunities:

Newly emerging technologies are highly active towards the enlargement of hydropower generation leading the market towards the growth. Moreover, the traditional hydropower facilities require a lot of time, space, and money to build. These factors can limit their potential or costing them more than they save. Recent innovations in hydroelectricity seek to fix these types of issues. The new technologies cover hydropower flexibility, digitalization, storage, variable speed turbines, generators with current-controlled rotors, and novel small-scale and fish-friendly technologies.

Several other advancements like the Goldisthal PHS plant the first large variable-speed hydropower plant in Europe located in Germany was equipped with four 265 MW pumpedstorage units such speed variations can help a lot.

Market Segmentation

Segmentation Insights:

Large Hydropower (> 100 MW) is the largest segment by size and has accounted for about 87% of the total hydropower installed capacity in the year 2019, the list is followed by Medium-scale hydropower which is the second largest segment by size and has accounted for more than 9% of the total hydropower installed capacity in 2019. Large-scale power plants are expensive to build, but in turn they have very low maintenance costs and also owning to the inexpensive energy generation, largescale hydropower is a cost-effective energy source compared to fossil fuels.

Small Hydropower is used for electricity supply to small or isolated communities. As creation of no reservoirs is required, small hydropower projects do not cause the problems associated with reservoirs. also, as hydropower generation depends mainly on two factors i.e., water flow and head to produce energy, small-scale hydropower can be highly useful in any system where these factors are met.

Regional Insights:

The Asia-Pacific region has a dominating position in the hydropower market. The market has been evolved to a considerable size in the region in recent years and is likely to maintain its dominance during the forecast period. China is the global leader in the hydropower market, accounting for almost 27.2% of the global hydropower installed capacity. In India hydropower accounted for 12.2% of the total power generation mix and the country overtook Japan as the fifth-largest hydropower producer in the world.

European region also leads with the countries such as Norway and Turkey in terms of both hydropower installed capacity and hydropower generation. Hydropower accounts for around 95% of Norwegian power production as of 2020. Moreover, several upgradation projects are planned in the countries such as Italy as most of the hydropower plants are aging. Europe is moving further towards a cleaner energy mix, with the power industry reducing its carbon emissions each year.

North America is the third major hotspot for the development of hydropower projects across the world The United States was ranked 3rd, in terms of installed hydropower capacity, globally with increase in hydropower generation in 2020. hydropower is the largest electricity supply source in Canada, representing around 61% of the total electricity generation and 55% of the total installed generation capacity by the end of 2019. Hydropower has been the most significant renewable energy source of electricity in the North American region.

Key Industry Developments

• The industry is prone to development as all the companies are catching up with the opportunities for instance, Artistic Milliners who invested around USD 370 million in two runs of river hydropower projects in Pakistan. The company’s hydropower plants, Hydro I and Artistic Hydro II, will contribute a combined 521 GWh per year. Also, in February 2021, the International Renewable Energy Agency (IRENA) and the International Hydropower Association (IHA) collaborated to advance sustainable hydropower development.
• The market is evolving at a very speed as some of the players are going for the digital repairs, inspections, and maintenance like Kraftwerke Sarganserland power plants. Axpo has also launched various initiatives to digitalize various power plant processes. Hydropower plant pilot projects are evidence that players like Voith and Icelandic national power company Landsvirkjun are flipping the scripts.

Players Covered in Hydropower market are :

• General Electric Company
• Siemens AG
• Andritz AG
• Voith GmbH & Co. KGaA
• China Yangtze Power Co. Ltd
• PJSC RusHydro
• Électricité de France SA (EDF)
• Iberdrola SA

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Type
 3.2 By Application

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Hydropower Market by Type
 5.1 Hydropower Market Overview Snapshot and Growth Engine
 5.2 Hydropower Market Overview
 5.3 Large Hydropower (Greater Than 100 MW)
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Large Hydropower (Greater Than 100 MW): Grographic Segmentation
 5.4 Small Hydropower (Smaller Than 10 MW)
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Small Hydropower (Smaller Than 10 MW): Grographic Segmentation
 5.5 Other Sizes (10-100 MW)
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2016-2028F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Other Sizes (10-100 MW): Grographic Segmentation

Chapter 6: Hydropower Market by Application
 6.1 Hydropower Market Overview Snapshot and Growth Engine
 6.2 Hydropower Market Overview
 6.3 Residential
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2016-2028F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Residential: Grographic Segmentation
 6.4 Commercial
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2016-2028F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Commercial: Grographic Segmentation
 6.5 Industrial
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size (2016-2028F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Industrial: Grographic Segmentation

Chapter 7: Company Profiles and Competitive Analysis
 7.1 Competitive Landscape
  7.1.1 Competitive Positioning
  7.1.2 Hydropower Sales and Market Share By Players
  7.1.3 Industry BCG Matrix
  7.1.4 Ansoff Matrix
  7.1.5 Hydropower Industry Concentration Ratio (CR5 and HHI)
  7.1.6 Top 5 Hydropower Players Market Share
  7.1.7 Mergers and Acquisitions
  7.1.8 Business Strategies By Top Players
 7.2 GENERAL ELECTRIC COMPANY
  7.2.1 Company Overview
  7.2.2 Key Executives
  7.2.3 Company Snapshot
  7.2.4 Operating Business Segments
  7.2.5 Product Portfolio
  7.2.6 Business Performance
  7.2.7 Key Strategic Moves and Recent Developments
  7.2.8 SWOT Analysis
 7.3 SIEMENS AG
 7.4 ANDRITZ AG
 7.5 VOITH GMBH & CO. KGAA
 7.6 CHINA YANGTZE POWER CO. LTD
 7.7 PJSC RUSHYDRO
 7.8 ÉLECTRICITÉ DE FRANCE SA (EDF)
 7.9 IBERDROLA SA
 7.10 OTHER MAJOR PLAYERS

Chapter 8: Global Hydropower Market Analysis, Insights and Forecast, 2016-2028
 8.1 Market Overview
 8.2 Historic and Forecasted Market Size By Type
  8.2.1 Large Hydropower (Greater Than 100 MW)
  8.2.2 Small Hydropower (Smaller Than 10 MW)
  8.2.3 Other Sizes (10-100 MW)
 8.3 Historic and Forecasted Market Size By Application
  8.3.1 Residential
  8.3.2 Commercial
  8.3.3 Industrial

Chapter 9: North America Hydropower Market Analysis, Insights and Forecast, 2016-2028
 9.1 Key Market Trends, Growth Factors and Opportunities
 9.2 Impact of Covid-19
 9.3 Key Players
 9.4 Key Market Trends, Growth Factors and Opportunities
 9.4 Historic and Forecasted Market Size By Type
  9.4.1 Large Hydropower (Greater Than 100 MW)
  9.4.2 Small Hydropower (Smaller Than 10 MW)
  9.4.3 Other Sizes (10-100 MW)
 9.5 Historic and Forecasted Market Size By Application
  9.5.1 Residential
  9.5.2 Commercial
  9.5.3 Industrial
 9.6 Historic and Forecast Market Size by Country
  9.6.1 U.S.
  9.6.2 Canada
  9.6.3 Mexico

Chapter 10: Europe Hydropower Market Analysis, Insights and Forecast, 2016-2028
 10.1 Key Market Trends, Growth Factors and Opportunities
 10.2 Impact of Covid-19
 10.3 Key Players
 10.4 Key Market Trends, Growth Factors and Opportunities
 10.4 Historic and Forecasted Market Size By Type
  10.4.1 Large Hydropower (Greater Than 100 MW)
  10.4.2 Small Hydropower (Smaller Than 10 MW)
  10.4.3 Other Sizes (10-100 MW)
 10.5 Historic and Forecasted Market Size By Application
  10.5.1 Residential
  10.5.2 Commercial
  10.5.3 Industrial
 10.6 Historic and Forecast Market Size by Country
  10.6.1 Germany
  10.6.2 U.K.
  10.6.3 France
  10.6.4 Italy
  10.6.5 Russia
  10.6.6 Spain
  10.6.7 Rest of Europe

Chapter 11: Asia-Pacific Hydropower Market Analysis, Insights and Forecast, 2016-2028
 11.1 Key Market Trends, Growth Factors and Opportunities
 11.2 Impact of Covid-19
 11.3 Key Players
 11.4 Key Market Trends, Growth Factors and Opportunities
 11.4 Historic and Forecasted Market Size By Type
  11.4.1 Large Hydropower (Greater Than 100 MW)
  11.4.2 Small Hydropower (Smaller Than 10 MW)
  11.4.3 Other Sizes (10-100 MW)
 11.5 Historic and Forecasted Market Size By Application
  11.5.1 Residential
  11.5.2 Commercial
  11.5.3 Industrial
 11.6 Historic and Forecast Market Size by Country
  11.6.1 China
  11.6.2 India
  11.6.3 Japan
  11.6.4 Singapore
  11.6.5 Australia
  11.6.6 New Zealand
  11.6.7 Rest of APAC

Chapter 12: Middle East & Africa Hydropower Market Analysis, Insights and Forecast, 2016-2028
 12.1 Key Market Trends, Growth Factors and Opportunities
 12.2 Impact of Covid-19
 12.3 Key Players
 12.4 Key Market Trends, Growth Factors and Opportunities
 12.4 Historic and Forecasted Market Size By Type
  12.4.1 Large Hydropower (Greater Than 100 MW)
  12.4.2 Small Hydropower (Smaller Than 10 MW)
  12.4.3 Other Sizes (10-100 MW)
 12.5 Historic and Forecasted Market Size By Application
  12.5.1 Residential
  12.5.2 Commercial
  12.5.3 Industrial
 12.6 Historic and Forecast Market Size by Country
  12.6.1 Turkey
  12.6.2 Saudi Arabia
  12.6.3 Iran
  12.6.4 UAE
  12.6.5 Africa
  12.6.6 Rest of MEA

Chapter 13: South America Hydropower Market Analysis, Insights and Forecast, 2016-2028
 13.1 Key Market Trends, Growth Factors and Opportunities
 13.2 Impact of Covid-19
 13.3 Key Players
 13.4 Key Market Trends, Growth Factors and Opportunities
 13.4 Historic and Forecasted Market Size By Type
  13.4.1 Large Hydropower (Greater Than 100 MW)
  13.4.2 Small Hydropower (Smaller Than 10 MW)
  13.4.3 Other Sizes (10-100 MW)
 13.5 Historic and Forecasted Market Size By Application
  13.5.1 Residential
  13.5.2 Commercial
  13.5.3 Industrial
 13.6 Historic and Forecast Market Size by Country
  13.6.1 Brazil
  13.6.2 Argentina
  13.6.3 Rest of SA

Chapter 14 Investment Analysis

Chapter 15 Analyst Viewpoint and Conclusion

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)