Press release
Hydropower Generation Market is projected to reach USD 342.48 Billion by 2030 : Cognitive Market Research
Hydropower Generation Market is projected to reach USD 342.48 Billion by 2030 : Cognitive Market Research
What is Hydropower Generation?
- Hydropower, or hydroelectric power, is a sustainable type of energy that creates power utilizing a dam or diversion structure. It changes the natural flow of a river or water of other bodies in electricity. It uses turbines and generators and converts kinetic energy into electricity. This converted electricity is then sent through the electrical grid to power homes, companies, and industries.
Summary:
- The Hydropower Generation Market will grow from USD 228.30 Billion in 2022 to USD 342.48 Billion by 2030, at a CAGR of 5.2% during the forecast period of 2023-2030.
"To know more about The Hydropower Generation Market statistics click here: https://www.cognitivemarketresearch.com/hydropower-generation-market-report
Market Dynamics:
• The rising need for electricity drives the Hydropower Generation Market growth
Electricity is used for lighting, heating, cooling, and refrigeration, as well as to power appliances, computers, electronics, industrial, and public transit systems. Electricity is used in the industrial sector to power industrial motors and machinery, lighting, computers, and office equipment, as well as equipment for facility heating, cooling, and ventilation. As a result, the demand for electricity has skyrocketed. In 2021, global electricity consumption has raised approximately 25,300 terawatt-hours. Electricity usage tripled between 1980 and 2021, while the world population expanded by nearly 75%. This rising need for electricity boosts the demand for hydropower generation.
• Challenges for the Hydropower Generation Market
High costs associated with hydropower generation plants may stymie the industry's growth. Large-scale hydropower project total installation costs generally vary from roughly USD 1000/kW to more than USD 3500/kW. However, this price can vary according to the conditions. Installing hydropower capacity at an existing dam might cost around USD 500/kW. Whereas, projects in remote locations with insufficient local infrastructure and positioned far from existing transmission networks, might cost approximately USD 3500/kW. As a result, the high costs connected with hydropower-generation plants might stifle industry expansion.
• Rising investment in hydropower plants will boost the market growth
Hydropower currently accounts for 60% of renewable energy. Aside from that, hydropower is vital to the commitment to achieve net-zero air emissions by 2050. As a result, several countries throughout the world are investing in hydropower projects. For instance, during the previous two decades, installed worldwide hydropower capacity has increased by more than 75%, from 680 GW in 2000 to almost 1,200 GW in 2021. This increasing investment will propel the growth of the market during the forecast period.
Hydropower Generation Market Segmentation:
Type
• Small Hydro Power Plant (Up to 1MW)
• Medium Hydro Power Plant (1MW - 10MW)
• Large Hydro Power Plant (Above 10MW)
Based on type, large hydropower plants dominate the hydropower generation market. Large hydropower plants provide a lot of energy. Furthermore, massive hydropower generates a huge amount of electricity that can be used for industrial and commercial applications.
Application
• Commercial
• Industrial
• Residential
Based on application, the industrial segment holds a high market share in the hydropower generation market owing to rapid industrialization.
The Major Players in Hydropower Generation Market are:
BC Hydro, Hydro Québec, Rus Hydro, China Yangtze Power, Agder Energi, Duke Energy Corporation, Georgia Power Company, Ontario Power Generation, Stat Kraft
Get free sample pages of the latest published Hydropower Generation market Report:
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Regional Analysis:
- Asia Pacific dominates the Hydropower Generation Market
The Global Hydropower Generation market is geographically divided into regions like North America, Europe, Asia Pacific, Latin America, and Middle-east Countries. Asia Pacific dominates the market owing to rising government support, growing urbanization, increased need for the expansion of power distribution grids, and others. Besides this, with over 340 GW of total installed hydroelectric capacity, China remains the top leader. These above all mentioned factors propel the Asia Pacific hydropower generation market.
Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Hydropower Generation Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Hydropower Generation Market Segmentation
1.5.1 Hydropower Generation Market Regional Fragmentation
1.5.1 Hydropower Generation Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Hydropower Generation Market
Chapter 4 Global Hydropower Generation Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Hydropower Generation Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global Hydropower Generation Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Hydropower Generation Market Regional Analysis
Chapter 12 North America Hydropower Generation Market Outlook (2018 - 2030)
Chapter 13 Europe Hydropower Generation Market Outlook (2018 - 2030)
Chapter 14 Asia Pacific Hydropower Generation Market Outlook (2018 - 2030)
Chapter 15 Latin America Hydropower Generation Market Outlook (2018 - 2030)
Chapter 16 Middle East and Africa Hydropower Generation Market Outlook (2018 - 2030)
Chapter 17 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more Hydropower Generation Market TOC click here: https://www.cognitivemarketresearch.com/hydropower-generation-market-report#table_of_contents
Related Report:
• Solar Power Generation systems Market - https://www.cognitivemarketresearch.com/solar-power-generation-systems-market-report
• Wind Power Generation systems Market - https://www.cognitivemarketresearch.com/wind-power-generation-systems-market-report
• Renewable Energy Market - https://www.cognitivemarketresearch.com/renewable-energy-market-report
• Hydropower Turbines Market - https://www.cognitivemarketresearch.com/hydropower-turbines-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
20 N State Street,Chicago,
Illinois, 60602
United States
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Europe and UK: (+44) 20-8144-9523
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operating across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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