HYDROPOWER GENERATION MARKET ANALYSIS

Regional Analysis

Global Hydropower Generation Market: Regional Insights

Based on geography, the global hydropower generation market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

In terms of region, Europe is expected to dominate the global hydropower generation market over the forecast period owing to the stringent government regulations that are followed in the process of approvals for hydropower projects. Besides this, the rapid industrialization and urbanization in the region is further driving the market growth.

Asia Pacific is exhibiting an incline for the market growth primarily due to the increasing demand for renewable energy technologies. Moreover, the low electricity prices in the region are fueling the market. North America is expected to be the third largest market for hydropower generation because of growing demand for electricity in the region. According to the U.S. Energy Information Administration, total U.S. electricity consumption is anticipated to grow from 3,860 TWh in 2016 to 5,260 TWh in 2050. The growing demand for electricity in the U.S., Canada, and Mexico is due to the growing population, which is expected to drive the demand for hydropower generations.

• North America: U.S. and Canada
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• LAMEA: Brazil, Argentina, Mexico, and Rest of Latin America GCC Countries, Israel, South Africa, North Africa, and Central Africa and Rest of Middle East