Market Size of Europe Hydropower Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 1.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Europe Hydropower Market Analysis
The European hydropower market is expected to register a CAGR of more than 1% during the forecast period.
In 2020, COVID-19 negatively impacted the market. Presently, the market has reached pre-pandemic levels.
- Over the next five to ten years, the market will likely be driven by investments in hydropower plants and the demand for renewable energy.
- On the other hand, the growth of the market is likely to be slowed by the high initial cost of building.
- Nevertheless, countries in the region focus on reducing their carbon emissions under the Paris climate accord, and hydropower is considered among the major proponents of the transition. This is expected to provide opportunities to the market players.
- Russia is expected to have the largest hydropower market in the region because it is investing more in the sector and has the most hydropower energy already in place.
Europe Hydropower Industry Segmentation
Hydropower, also called hydroelectric power, is a renewable energy source that changes the natural flow of a river or other body of water with a diversion or dam.
Europe's hydropower market is segmented by type and geography. By type, the market is segmented into large hydropower, small hydropower, and pumped storage. The report also covers the size and forecasts of the power market across major countries in the region. For each segment, the market sizing and forecasts have been done based on installed capacity in gigawatts (GW).
| Type | |
| Large Hydropower | |
| Small Hydropower | |
| Pumped Storage |
| Geography | |
| Russia | |
| Norway | |
| France | |
| Italy | |
| Rest of Europe |
Europe Hydropower Market Size Summary
The European hydropower market is poised for growth, driven by increasing investments in renewable energy and the need to reduce carbon emissions in line with the Paris climate accord. Despite the high initial costs associated with building hydropower plants, the market is expected to expand as countries focus on sustainable energy solutions. Russia is anticipated to lead the region's hydropower market due to its substantial investments and existing infrastructure. The development of pumped storage projects, which are crucial for grid reliability and energy storage, is also expected to contribute to market growth. These projects allow for the storage of renewable energy, helping to mitigate the unpredictability of sources like wind and solar power.
The market landscape is characterized by a mix of established players and new investments, with companies like Drax Group PLC and Electricite de France SA actively expanding their capacities. The introduction of innovative technologies and eco-friendly practices in pumped storage projects is likely to further stimulate market expansion. In Russia, significant upgrades and new installations are planned, supported by governmental incentives and a unique capacity payment mechanism for renewable energy projects. This strategic focus on modernization and expansion positions Russia as a dominant force in the European hydropower market, despite the ongoing geopolitical challenges and economic impacts from the Russia-Ukraine conflict.
Europe Hydropower Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Hydropower Installed Capacity and Forecast in GW, till 2028
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.2 Restraints
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1.6 Supply Chain Analysis
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1.7 Porter's Five Forces Analysis
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1.7.1 Bargaining Power of Suppliers
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1.7.2 Bargaining Power of Consumers
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1.7.3 Threat of New Entrants
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1.7.4 Threat of Substitutes Products and Services
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1.7.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Large Hydropower
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2.1.2 Small Hydropower
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2.1.3 Pumped Storage
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2.2 Geography
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2.2.1 Russia
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2.2.2 Norway
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2.2.3 France
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2.2.4 Italy
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2.2.5 Rest of Europe
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Europe Hydropower Market Size FAQs
What is the current Europe Hydropower Market size?
The Europe Hydropower Market is projected to register a CAGR of greater than 1% during the forecast period (2024-2029)
Who are the key players in Europe Hydropower Market?
Electricite de France SA, Andritz AG, PJSC RusHydro, Statkraft AS and Enel Green Power S.p.A. are the major companies operating in the Europe Hydropower Market.
