Market Size of Hydropower Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR (2024 - 2029) | 1.02 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Hydropower Market Analysis
The Hydropower Market size is estimated at 1.40 terawatt in 2024, and is expected to reach 1.47 terawatt by 2029, growing at a CAGR of 1.02% during the forecast period (2024-2029).
- Over the medium term, gactors such as the increasing number of new hydropower projects backed by government support and the rising demand for reliable electricity are expected to drive the market during the forecast period.
- On the other hand, negative environmental consequences of hydropower projects are likely to hinder the market growth during the forecast period.
- Nevertheless, emerging technological trends aimed at increasing hydropower generation are expected to provide significant opportunities for the hydropower market in the coming years.
- Asia-Pacifc is estimated to dominate the market due to increasing investment in hydropower projects across the various countries in the region.
Hydropower Industry Segmentation
Hydropower is one of the largest and oldest renewable energy sources, and it uses the natural flow of moving water to produce electricity. Hydropower is also applied as half of an energy storage system known as pumped-storage hydroelectricity. It is an alternative source of electricity production for fossil fuels as it doesn't directly produce carbon emissions.
The hydropower market is segmented by type and geography. By type, the market is segmented into large hydropower (greater than 100 MW), small hydropower (smaller than 10 MW), and other sizes (10-100 MW). The report also covers the size and forecasts of the power market across major regions. For each segment, the market sizing and forecasts have been done based on installed capacity in terawatts (TW).
| Size | |
| Large Hydropower (Greater Than 100 MW) | |
| Small Hydropower (Smaller Than 10 MW) | |
| Other Sizes (10-100 MW) |
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Hydropower Market Size Summary
The hydropower market is poised for steady growth over the forecast period, driven by an increasing number of new projects supported by government initiatives and a rising demand for reliable electricity. Despite potential challenges posed by the environmental impact of hydropower projects, advancements in technology aimed at enhancing generation capabilities are expected to create significant opportunities. The Asia-Pacific region is anticipated to maintain its dominance in the market, fueled by substantial investments in hydropower projects across countries such as China and India. These developments are part of a broader shift towards cleaner energy sources and an effort to increase the share of renewables in the global energy mix.
Large-scale hydropower remains a crucial segment within the industry, with countries like China, Brazil, the United States, Canada, India, and Japan leading the deployment of such projects. The sector benefits from relatively low installation costs and the ability to meet peak electricity demands efficiently. In Southeast Asia, countries are rapidly advancing in hydropower development to meet growing energy needs, as seen in Laos' ambitious plans to export significant electricity capacity. The market is semi-consolidated, with major players like GE Renewable Energy, Siemens Energy AG, and Andritz AG actively exploring opportunities in the region. These dynamics underscore the hydropower market's potential for continued expansion and its role in the global transition to sustainable energy solutions.
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 Installed Capacity and Forecast in GW, till 2029
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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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1.5.1.1 Rising Demand for Reliable Electricity
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1.5.1.2 Increasing Government Support for Hydropower Gneeration
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1.5.2 Restraints
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1.5.2.1 Negative Environmental Consequences of Hydropower Projects
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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 Size
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2.1.1 Large Hydropower (Greater Than 100 MW)
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2.1.2 Small Hydropower (Smaller Than 10 MW)
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2.1.3 Other Sizes (10-100 MW)
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2.2 Geography
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2.2.1 North America
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2.2.1.1 United States
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2.2.1.2 Canada
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2.2.1.3 Rest of North America
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2.2.2 Europe
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2.2.2.1 Germany
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2.2.2.2 France
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2.2.2.3 United Kingdom
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2.2.2.4 Rest of Europe
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2.2.3 Asia-Pacific
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2.2.3.1 China
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2.2.3.2 India
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2.2.3.3 Japan
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2.2.3.4 South Korea
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2.2.3.5 Rest of Asia-Pacific
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2.2.4 South America
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2.2.4.1 Brazil
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2.2.4.2 Argentina
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2.2.4.3 Rest of South America
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2.2.5 Middle East and Africa
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2.2.5.1 Saudi Arabia
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2.2.5.2 United Arab Emirates
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2.2.5.3 South Africa
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2.2.5.4 Rest of Middle East and Africa
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Hydropower Market Size FAQs
How big is the Hydropower Market?
The Hydropower Market size is expected to reach 1.40 terawatt in 2024 and grow at a CAGR of 1.02% to reach 1.47 terawatt by 2029.
What is the current Hydropower Market size?
In 2024, the Hydropower Market size is expected to reach 1.40 terawatt.
