Global hydropower market is estimated to be valued at USD 251.58 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 5.1% from 2024 to 2031. Global hydropower market has experienced steady growth over the past few decades due to rise in consumption of renewable sources of energy worldwide. Hydropower is one of the most economical and clean sources of electricity as it uses the power of flowing water to generate emission-free electricity. According to estimates, around 16% of the global electricity was generated by hydropower in 2020. However, most of the existing hydropower potential has already been harnessed in developed nations, indicating the need to explore untapped opportunities in emerging economies. Investments in new large and small hydropower projects, especially in Asia Pacific and Latin America, are expected to drive the global hydropower market growth in the near future.

 Market Dynamics:

Global hydropower market growth is driven by rising focus on sustainable energy sources to reduce carbon emissions. Favorable government policies and incentives promoting small hydropower projects in rural areas are driving the market growth. However, high initial investment costs associated with establishing new hydropower plants can hamper the market growth. Meanwhile, advancements in turbine technologies have improved efficiency and reduced environmental impacts of hydropower generation, thus, creating new opportunities for the market growth. The development of pumped storage plants that store excess energy from renewable sources can provide new opportunities for the market players.

 Key Features of the Study:

• This report provides in-depth analysis of the global hydropower market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global hydropower market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Siemens Energy, General Electric (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, China Three Gorges, Alfa Laval, Hydro-Quebec, ABB, Engie
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• Global hydropower market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global hydropower market

Detailed Segmentation-

• By Type:
  • Large Hydropower
  • Small Hydropower
  • Other Sizes
• By Application:
  • Residential
  • Commercial
  • Industrial
• By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Company Profiles:

• Siemens Energy
• General Electric (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
• China Three Gorges
• Alfa Laval
• Hydro-Quebec
• ABB
• Engie