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Hydropower Market

Hydropower Market Research Report – Segmented By Capacity (Large Hydropower (Greater Than 100 MW), Other Sizes (10-100 MW), Small Hydropower (Smaller Than 10 MW)) & Region (North America, Europe, APAC, Latin America, Middle East and Africa) – Analysis on Size, Share, Trends, COVID-19 Impact, Competitive Analysis, Growth Opportunities and Key Insights from 2017 to 2026.


01

Executive Summary

The global hydropower market size is expected to grow from USD 102.41 billion in 2021 to USD 115.63 billion by 2027 at a CAGR of 10.0%.

Hydropower, also known as water power, is the utilization of falling or fast-running water for the production of electricity or to provide electricity to machines. This process involves conversion of the gravitational potential or kinetic energy of a water source to produce electricity. Hydropower is a way of producing sustainable energy.

Since ancient times, hydropower from watermills has been used as a renewable energy source for irrigation and the operation of mechanical devices, such as gristmills, sawmills, textile mills, trip hammers, and dock cranes, domestic lifts, and ore mills. A Trompe, which produces compressed air from falling water, is sometimes used to power other machinery at a distance.

Hydropower is now used principally for hydroelectric power generation and is also applied as one-half of an energy storage system known as pumped-storage hydroelectricity.

Hydropower is an attractive alternative to fossil fuels as it does not directly produce carbon dioxide or other atmospheric pollutants and it provides a relatively consistent source of power. Nonetheless, it has economic, sociological, and environmental downsides and requires a sufficiently energetic source of water, such as a river or elevated lake. International institutions such as the World Bank view hydropower as a low-carbon means for economic development.

Key Players

The major players operating in the global hydropower market are GE Renewable Energy, Siemens Energy AG, Andritz AG, Voith GmbH & Co. KGaA, China Yangtze Power Co. Ltd, PJSC RusHydro, Électricité de France SA (EDF), and Iberdrola SA.

Recent Developments

Axpo stated in October 2020 that repairs, inspections, and upkeep of Kraftwerke Sarganserland power plants will be performed digitally rather than analogically. The first digital hydropower plant in Switzerland takes a 360-degree approach and incorporates fully integrated digital operations.

The Concession Agreement for the 600 MW Kholongchhu (Joint Venture) Hydroelectric Project between Bhutan and India will be signed in June 2020. This is the first time the two countries have collaborated on a hydroelectric project. The 600 MW run-of-the-river project is located in Trashiyangtse District, Eastern Bhutan, on the lower channel of the Kholongchhu River. The proposal envisions a subterranean powerhouse with four 150 MW turbines and water contained by a 95-meter-high concrete gravity dam.

  • Revenue Share (%), By Capacity (2019)
    Revenue Share (%), By Capacity (2019)
  • Revenue Share (%), By Region (2019)
    Revenue Share (%), By Region (2019)
02

Market Overview

  • The base currency considered was the US Dollar (USD). Conversion of other currencies to USD was considered on the basis of the average exchange rate for the respective review-period years. The exchange rate conversion for forecast period was determined according to the base year’s conversion rates.
  • The base year was identified based on the availability of annual reports and secondary information. The base year considered for this study is 2027.
  • The review period considered for this study is from 2018-2027. The CAGR is for the forecast period, 2022-2027.
  • Market size estimations for the forecast years were in real terms. Inflation is not part of the pricing, and the average selling price (ASP) was kept constant throughout the forecast period for each country.
  • Distribution of primary interviews conducted was based on the regional share of the market and the presence of key players in each region.
  • As a result of data triangulation through multiple methodologies and approaches, the weighted averages of resulting estimates were considered to be the final values.
  • The currency used in this report is USD, with the market size indicated in terms of USD million/billion.
  • For companies reporting their revenues in USD, the revenues were taken from their respective annual reports/SEC filings.
  • For companies reporting their revenues in other currencies, the average annual currency conversion rates were used for a particular year to convert the value to USD Market Definition.
03

By Capacity

  • Small Hydro Power Plant (Up to 1MW) accounted for US$2.10 Bn in year 2020 and is expected to reach US$XX Bn in year 2027.
  • Medium Hydro Power Plant (1MW - 10MW) accounted for US$3.11 Bn in year 2020 and is expected to reach US$XX Bn in year 2027.
  • Large Hydro Power Plant (Above 10MW) accounted for US$93.71 Bn in year 2020 and is expected to reach US$XX Bn in year 2027.
Global Hydropower Market Size, By Capacity, 2018-2027 (USD Billion)
Global Hydropower Market Size, By Capacity, 2018-2027 (USD Billion)

The Large Hydropower (Greater Than 100 MW) segment market was valued at US$ XX Mn in 2019 and grown at XX% CAGR over the historic years (2019 - 2027) to reach US$ XX Mn and is projected to grow at XX% CAGR over the forecast period to reach US$ XX Mn by 2027. The market represented the US$ XX Mn opportunity over 2019 - 2027 and estimated to create US$ XX Mn opportunity over 2019 - 2027.

Large Hydropower (Greater Than 100 MW): global Hydropower Market Revenue Opportunity (Us$ Mn)
Large Hydropower (Greater Than 100 MW): global Hydropower Market Revenue Opportunity (Us$ Mn)

The Other Sizes (10-100 MW) segment market was valued at US$ XX Mn in 2019 and grown at XX% CAGR over the historic years (2019 - 2027) to reach US$ XX Mn and is projected to grow at XX% CAGR over the forecast period to reach US$ XX Mn by 2027. The market represented the US$ XX Mn opportunity over 2019 - 2027 and estimated to create US$ XX Mn opportunity over 2019 - 2027.

Other Sizes (10-100 MW): global Hydropower Market Revenue Opportunity (Us$ Mn)
Other Sizes (10-100 MW): global Hydropower Market Revenue Opportunity (Us$ Mn)

The Small Hydropower (Smaller Than 10 MW) segment market was valued at US$ XX Mn in 2019 and grown at XX% CAGR over the historic years (2019 - 2027) to reach US$ XX Mn and is projected to grow at XX% CAGR over the forecast period to reach US$ XX Mn by 2027. The market represented the US$ XX Mn opportunity over 2019 - 2027 and estimated to create US$ XX Mn opportunity over 2019 - 2027.

Small Hydropower (Smaller Than 10 MW): global Hydropower Market Revenue Opportunity (Us$ Mn)
Small Hydropower (Smaller Than 10 MW): global Hydropower Market Revenue Opportunity (Us$ Mn)
04

North America

Based on the North America, the Hydropower Market analysis covers United States, Canada.

Revenue Share (%), By Capacity (2019)
Revenue Share (%), By Capacity (2019)
North America Hydropower Market Size, 2019-2027 (Us$ Mn)
North America Hydropower Size, 2019-2027 (Us$ Mn)
North America Hydropower Market - Historical, Forecast Market Sizes (US$ MN), By Capacity, 2019-2027
North America Hydropower Market - Historical, Forecast Market Sizes (US$ MN), By Capacity, 2019-2027
United States Hydropower Market - Historical, Forecast Market Sizes (US$ MN), By Capacity, 2019-2027
United States Hydropower Market - Historical, Forecast Market Sizes (US$ MN), By Capacity, 2019-2027
Canada Hydropower Market - Historical, Forecast Market Sizes (US$ MN), By Capacity, 2019-2027
Canada Hydropower Market - Historical, Forecast Market Sizes (US$ MN), By Capacity, 2019-2027
05

Europe

Based on the Europe, the Hydropower Market analysis covers Germany, United Kingdom, France, Spain, Russia, Italy, Rest of Europe.

Revenue Share (%), By Capacity (2019)
Revenue Share (%), By Capacity (2019)
Europe Hydropower Market Size, 2019-2027 (Us$ Mn)
Europe Hydropower Size, 2019-2027 (Us$ Mn)
Europe Hydropower Market - Historical, Forecast Market Sizes (US$ MN), By Capacity, 2019-2027
Europe Hydropower Market - Historical, Forecast Market Sizes (US$ MN), By Capacity, 2019-2027
Germany Hydropower Market - Historical, Forecast Market Sizes (US$ MN), By Capacity, 2019-2027
Germany Hydropower Market - Historical, Forecast Market Sizes (US$ MN), By Capacity, 2019-2027
United Kingdom Hydropower Market - Historical, Forecast Market Sizes (US$ MN), By Capacity, 2019-2027
United Kingdom Hydropower Market - Historical, Forecast Market Sizes (US$ MN), By Capacity, 2019-2027
France Hydropower Market - Historical, Forecast Market Sizes (US$ MN), By Capacity, 2019-2027
France Hydropower Market - Historical, Forecast Market Sizes (US$ MN), By Capacity, 2019-2027
Spain Hydropower Market - Historical, Forecast Market Sizes (US$ MN), By Capacity, 2019-2027
Spain Hydropower Market - Historical, Forecast Market Sizes (US$ MN), By Capacity, 2019-2027
Russia Hydropower Market - Historical, Forecast Market Sizes (US$ MN), By Capacity, 2019-2027
Russia Hydropower Market - Historical, Forecast Market Sizes (US$ MN), By Capacity, 2019-2027
Italy Hydropower Market - Historical, Forecast Market Sizes (US$ MN), By Capacity, 2019-2027
Italy Hydropower Market - Historical, Forecast Market Sizes (US$ MN), By Capacity, 2019-2027
Rest of Europe Hydropower Market - Historical, Forecast Market Sizes (US$ MN), By Capacity, 2019-2027
Rest of Europe Hydropower Market - Historical, Forecast Market Sizes (US$ MN), By Capacity, 2019-2027
06

Asia-Pacific

Based on the Asia-Pacific, the Hydropower Market analysis covers China, Japan, India, Southeast Asia, Australia & New Zealand, Rest of Asia-Pacific.

Revenue Share (%), By Capacity (2019)
Revenue Share (%), By Capacity (2019)
Asia-Pacific Hydropower Market Size, 2019-2027 (Us$ Mn)
Asia-Pacific Hydropower Size, 2019-2027 (Us$ Mn)
Asia-Pacific Hydropower Market - Historical, Forecast Market Sizes (US$ MN), By Capacity, 2019-2027
Asia-Pacific Hydropower Market - Historical, Forecast Market Sizes (US$ MN), By Capacity, 2019-2027
China Hydropower Market - Historical, Forecast Market Sizes (US$ MN), By Capacity, 2019-2027
China Hydropower Market - Historical, Forecast Market Sizes (US$ MN), By Capacity, 2019-2027
Japan Hydropower Market - Historical, Forecast Market Sizes (US$ MN), By Capacity, 2019-2027
Japan Hydropower Market - Historical, Forecast Market Sizes (US$ MN), By Capacity, 2019-2027
India Hydropower Market - Historical, Forecast Market Sizes (US$ MN), By Capacity, 2019-2027
India Hydropower Market - Historical, Forecast Market Sizes (US$ MN), By Capacity, 2019-2027
Southeast Asia Hydropower Market - Historical, Forecast Market Sizes (US$ MN), By Capacity, 2019-2027
Southeast Asia Hydropower Market - Historical, Forecast Market Sizes (US$ MN), By Capacity, 2019-2027
Australia & New Zealand Hydropower Market - Historical, Forecast Market Sizes (US$ MN), By Capacity, 2019-2027
Australia & New Zealand Hydropower Market - Historical, Forecast Market Sizes (US$ MN), By Capacity, 2019-2027
Rest of Asia-Pacific Hydropower Market - Historical, Forecast Market Sizes (US$ MN), By Capacity, 2019-2027
Rest of Asia-Pacific Hydropower Market - Historical, Forecast Market Sizes (US$ MN), By Capacity, 2019-2027
07

Middle East & Africa

Based on the Middle East & Africa, the Hydropower Market analysis covers Middle East, Africa, Rest of Middle East & Africa.

Revenue Share (%), By Capacity (2019)
Revenue Share (%), By Capacity (2019)
Middle East & Africa Hydropower Market Size, 2019-2027 (Us$ Mn)
Middle East & Africa Hydropower Size, 2019-2027 (Us$ Mn)
Middle East & Africa Hydropower Market - Historical, Forecast Market Sizes (US$ MN), By Capacity, 2019-2027
Middle East & Africa Hydropower Market - Historical, Forecast Market Sizes (US$ MN), By Capacity, 2019-2027
Middle East Hydropower Market - Historical, Forecast Market Sizes (US$ MN), By Capacity, 2019-2027
Middle East Hydropower Market - Historical, Forecast Market Sizes (US$ MN), By Capacity, 2019-2027
Africa Hydropower Market - Historical, Forecast Market Sizes (US$ MN), By Capacity, 2019-2027
Africa Hydropower Market - Historical, Forecast Market Sizes (US$ MN), By Capacity, 2019-2027
Rest of Middle East & Africa Hydropower Market - Historical, Forecast Market Sizes (US$ MN), By Capacity, 2019-2027
Rest of Middle East & Africa Hydropower Market - Historical, Forecast Market Sizes (US$ MN), By Capacity, 2019-2027
08

Latin America

Based on the Latin America, the Hydropower Market analysis covers Brazil, Argentina, Mexico, Colombia, Rest of Latin America.

Revenue Share (%), By Capacity (2019)
Revenue Share (%), By Capacity (2019)
Latin America Hydropower Market Size, 2019-2027 (Us$ Mn)
Latin America Hydropower Size, 2019-2027 (Us$ Mn)
Latin America Hydropower Market - Historical, Forecast Market Sizes (US$ MN), By Capacity, 2019-2027
Latin America Hydropower Market - Historical, Forecast Market Sizes (US$ MN), By Capacity, 2019-2027
Brazil Hydropower Market - Historical, Forecast Market Sizes (US$ MN), By Capacity, 2019-2027
Brazil Hydropower Market - Historical, Forecast Market Sizes (US$ MN), By Capacity, 2019-2027
Argentina Hydropower Market - Historical, Forecast Market Sizes (US$ MN), By Capacity, 2019-2027
Argentina Hydropower Market - Historical, Forecast Market Sizes (US$ MN), By Capacity, 2019-2027
Mexico Hydropower Market - Historical, Forecast Market Sizes (US$ MN), By Capacity, 2019-2027
Mexico Hydropower Market - Historical, Forecast Market Sizes (US$ MN), By Capacity, 2019-2027
Colombia Hydropower Market - Historical, Forecast Market Sizes (US$ MN), By Capacity, 2019-2027
Colombia Hydropower Market - Historical, Forecast Market Sizes (US$ MN), By Capacity, 2019-2027
Rest of Latin America Hydropower Market - Historical, Forecast Market Sizes (US$ MN), By Capacity, 2019-2027
Rest of Latin America Hydropower Market - Historical, Forecast Market Sizes (US$ MN), By Capacity, 2019-2027
09

Company Analysis

  • GE Renewable Energy
  • Siemens AG
  • Andritz AG
  • Voith GmbH & Co. KGaA
  • China Yangtze Power Co. Ltd
  • PJSC RusHydro
  • Électricité de France SA (EDF)
  • Iberdrola SA