Hydropower Market Overview
The growing call for a shift
to more clean and sustainable energy sources is improving the demand for
hydropower globally. Market reports connected with the energy and power
industry have been presented by Market Research Future which makes reports on
other industry verticals that aims to analyze the current market scenarios
better. The market is set to achieve a CAGR of 3% in the approaching years. A detailed
analysis report of COVID-19 impact on
Hydropower Industry is provided with the
report.
The harnessing of energy from
water has gained significant traction, as the damage from climate change and
environmental pollution, becomes more evident. The collective focus of the
governments around the world has inspired substantial development for the
hydropower market. The surge in demand for electricity due to rising
applications is projected to provide further impetus to the hydropower market.
Moreover, increased urbanization and industrialization rates are expected to
provide considerable growth prospects in the forecast period.
Segmental Analysis
On the basis of capacity, the
hydropower market is segmented into micro and pico hydropower, mini hydropower,
small hydropower, and large hydropower.
Based on regions, the
hydropower market is segmented into Asia Pacific, North America, Europe and
Rest of the World.
Competitive Landscape
The significant contenders
present in the hydropower market globally are ANDRITZ HYDRO GmbH (Austria),
General Electric Company (U.S), China Three Gorges Corporation (China), Voith
GmbH (Germany), ABB Ltd (Switzerland), Alfa Laval (Sweden), Metso Corporation
(Sweden), Hydro-Québec (Canada), Engie (France) and Tata Power Corporation
(India).
Regional Analysis
The regional analysis of the
hydropower market is segmented into regions such as Asia Pacific, North
America, Europe and Rest of the World.
The Asia Pacific region is the
principal market for energy storage market and is trailed by the European and
North American region. The hydropower market in the U.S is responsible for
about over 50% of the share in the North American region. The large
availability of unexploited reserves with rising measures aimed at clean and
reliable electricity is expected to lift the hydropower industry in the U.S. In
the European region, France, Switzerland, and Austria have an existing
hydropower capacity of about 6.42 GW, 5.81 GW and 4.32 GW correspondingly. The
escalating concerns towards the climate change along with stringent government
regulations to lessen carbon emission will inspire the hydropower market in
this region. The increasing electricity demand and big availability of water
resource with well-established terrestrial topology in the Asia Pacific region
is projected to lift the hydropower market. Correspondingly, speedy
urbanization and industrialization are a few of the factors inspiring the
growth in the hydropower market.
Industry Updates:
Jan 2019 A Bosnian hydropower
company called HE Dabar recently invited bids for the financing and
construction of its 160 megawatt (MW) plant in southeastern Bosnia at an
assessed cost of 366 million marka ($213 million). The Dabar power plant which
will be located on the Trebisnjica river will be fragment of a strategic 250 MW
hydropower complex, Gornji Horizonti, which is also intended to integrate two
smaller hydropower plants, Bileca and Nevesinje.
About Market Research
Future:
At
Market Research Future (MRFR), we enable our customers to unravel the
complexity of various industries through our Cooked Research Report (CRR),
Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed
Research (CFR), and Market Research & Consulting Services.
Contact:
Market
Research Future
+1
646 845 9312
No comments:
Post a Comment