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Hydropower Market Share

Report ID: GMI1602
Published Date: Jun 2023
Report Format: PDF

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Hydropower Market Share

Some of the key players operating across the hydropower market landscape are

Voith
ANDRITZ HYDRO
General Electric
China Three Gorges Corporation
Alfa Laval
Metso
China Yangtze Power
Hydro-Québec
RusHydro
Agder Energi
Duke Energy
Georgia Power
Ontario Power Generation
Stat Kraft
ABB

Increasing focus on the deployment of renewables across the globe along with various technological innovations by these players will enhance the overall market outlook.

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size of hydropower exceeded 1,385.7 GW in 2022 and is projected to register 1.7% CAGR during 2023 to 2032. Constant rretrofitting and modernization efforts which aim to optimize power generation, improve safety features, and comply with evolving regulations will stimulate the industry growth.

The hydropower industry from mini capacity segment is anticipated to observe 6.1% growth rate from 2023-2032, backed by an increasing demand for decentralized energy solutions, particularly in rural and remote areas where grid access is limited.

Asia-Pacific region has a high potential for hydropower development, driven by its abundant water resources and growing energy demands. With increasing awareness of environmental and social impacts, there is a growing emphasis on sustainable regional development.

Voith, ANDRITZ HYDRO, General Electric, China Three Gorges Corporation, Alfa Laval, Metso, China Yangtze Power, Hydro-Québec, RusHydro, Agder Energi, Duke Energy, Georgia Power, Ontario Power Generation, Stat Kraft, and ABB.