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Hydropower Market 2020 – 2024 | Major Growth Drivers & Trends Outlook

Author : Ronak Bora | Published Date : 2020-08-27 

Hydropower market based on product capacity is segmented into micro, pico, mini, small, and large hydropower stations. Small Hydropower industry size is expected to grow at 2.5% over 2016-2024, which will augment the overall market trends. This is possible due to the product versatility, reduced investments, and renewable nature. Mini hydropower industry contributed to 2% of global hydropower industry share in 2016, owing to its low environmental impact and cost-effective characteristics. Growing investment in electric infrastructure to upgrade to smart off grid networks has further augmented the mini hydropower industry. For instance, in 2016, the Government of Malaysia, launched the Sarawak Alternative Renewable Energy Scheme which plans to integrate micro hydro power plants for rural electrification in the region.

In 2016, large hydropower capacity segment accounted more than 80% of overall hydropower industry share, subject to the rigorous deployment of power stations and projects for upgradation. ANDRITZ AG, an Australian company, installed three hydroelectric stations in Brazil and Nicaragua with an aim to provide reliable electricity, by spending USD 75 million collectively. Moreover, rising electricity demand from India, China, and Brazil will further augment the large capacity hydropower market.

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Global Hydropower Market is expected to grow at over 2% and exceed 1,300 GW by 2024. Growing demand for electricity along with upsurge in investment towards sustainable energy will drive the global market. Europe and North America have introduced plans to renovate, upgrade, and modernize the ageing stations with an aim to ensure more efficient operations. In March 2015, Latvenergo announced its plan to invest USD 222.26 million towards reconstruction of Plavinas, Kegums, and Riga hydroelectric power stations in Northern Europe by 2022.

Several countries of North America, Asia Pacific, and Europe have introduced plans to upgrade, modernize, and renovate their existing stations to ensure more efficient operations. For example, EU Renewable Directive (2009/28/EC) wants all the state members to target at least 20% of the final energy consumption from renewable sources by 2020. In an attempt to follow the EU Renewable Directive, from the total electricity produced in Europe, hydropower accounted more than 13.2% in 2014.

Rapid industrialization and urbanization in China have generated colossal growth opportunities for hydropower industry players, as China plans to invest USD 3.6 billion in Myanmar’s Myistone unit. This will help the Myistone unit to generate 6000 MW of hydropower by 2030. Moreover, in its 13th Five Year Plan, the Government of China announced plans to implement clean energy sources and also proposed the installation of 340 GW of hydropower stations by 2020. The massive growth of global Offshore Hydropower Market is also bound to positively influence the overall industry trends.

In North America, substantial funds have been raised toward developing sustainable energy, which has, in a way complimented the growth of hydropower industry. The abundant availability of natural resources will further help the region to prosper and contribute toward clean and reliable energy sources. In 2016, U.S. hydropower market accounted more than 50% of total regional share and is likely to continue its dominance over the coming years. For the United States, in 2015, Rey Development announced to inject USD 60 million in hydroelectric installation across the region.

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Key participants in hydropower market include ANDRITZ HYDRO, General Electric, Voith, Alfa Laval, China Yangtze Power, China Three Gorges Corporation, Metso, RusHydro, Hydro-Quebec, Duke Energy, Georgia Power, StatKraft, Agder Energi, Ontario Power Generation, ABB, Engie, EDF and Tata Power.

Table of Contents (ToC) of the report:

Chapter 3    Hydropower Industry Insights

3.1    Industry segmentation

3.2    Industry landscape, 2014 – 2024

3.3    Industry ecosystem

3.3.1    Vendor matrix

3.4    Innovation & sustainability landscape

3.5    Capital cost structure

3.6    Regulatory landscape

3.6.1    U.S.

3.6.2    Europe

3.6.3    China

3.6.4    India

3.6.5    Philippines

3.6.7    Vietnam

3.7    Industry impact forces

3.7.1    Growth drivers

3.7.1.1   Positive outlook towards renewable energy

3.7.1.2   Growing demand for electricity

3.7.1.3   Favorable government initiatives

3.7.2    Industry pitfalls & challenges

3.7.2.1   High initial investment for large hydropower

3.8    Growth potential analysis

3.9    Porter’s analysis

3.10 Competitive landscape, 2016

3.10.1    Strategy dashboard

3.10.2    Merger & acquisition landscape

3.11   PESTEL analysis

Chapter 4    Hydropower Market, By Capacity

4.1    Global market share by capacity, 2016 & 2024

4.2    Mini Hydropower

4.2.1    Mini hydropower industry, 2014 - 2024

4.2.2    Mini hydropower industry volume, by region, 2014 – 2024

4.2.3    Mini hydropower industry capex, by region, 2014 – 2024

4.3    Micro and Pico Hydropower

4.3.1    Micro and pico hydropower industry, 2014 - 2024

4.3.2    Micro and pico hydropower industry volume, by region, 2014 – 2024

4.3.3    Micro and pico hydropower industry capex, by region, 2014 – 2024

4.4    Small Hydropower

4.4.1    Small hydropower industry, 2014 - 2024

4.4.2    Small hydropower industry volume, by region, 2014 – 2024

4.4.3    Small hydropower industry capex, by region, 2014 – 2024

4.3    Large Hydropower

4.3.1    Large hydropower industry, 2014 - 2024

4.3.2    Large hydropower industry volume, by region, 2014 – 2024

4.3.3    Large hydropower market capex, by region, 2014 – 2024

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/hydropower-market

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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