About Hydroelectric
Hydroelectricity is electricity produced from hydropower. The rising attention toward the generation of renewable energy generation has offered the needed push toward the construction of underground hydropower plants in various developed and developing economies worldwide. Hydropower enables greater integration of renewables (wind/solar) into the grid by utilizing excess generation, and being ready to produce power during low wind and solar generation periods. In generating electricity, no new energy is created. The turbine turns the generator rotor which then converts the mechanical energy into another energy form electricity.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market in the near future. Players are anticipated to focus on the development of new resources, which is likely to encourage the growth of the global market throughout the forecast period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Lucid Energy (United States), Leviatan Energy (Israel ), Xinda Green Energy (China), SoarHydro (United States), Toshiba Corporation Power Systems (Japan), Rentricity (United States), Hydro-Quebec (Canada), Rus Hydro (Russia), China Yangtze Power (China) and Agder Energi (Norway) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Duke Energy Corporation (United States), Georgia Power Company (United States), Ontario Power Generation (Canada), Stat Kraft (Norway), BC Hydro (Canada) and Innergex Renewable Energy Inc. (Canada).
Segmentation Overview
AMA Research has segmented the market of Global Hydroelectric market by Type (Micro-Hydro (Up to 5 Kw), Mini-Hydro (Between 5Kw and 20Kw), Small Commercial Hydro (Between 20Kw and 10MW) and Other), Application (Drinking Water Utilities, Irrigation Systems, Industrial Water Systems and Other) and Region.
On the basis of geography, the market of Hydroelectric has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Electricity, the sub-segment i.e. Residential Electricity will boost the Hydroelectric market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Capacity, the sub-segment i.e. Up to 100 kW will boost the Hydroelectric market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Investment in Hydropower Projects and Growing Installation of Offshore Hydropower Plants
Market Growth Drivers:
Rising Inclination towards Clean Energy, Increasing Demand for Electricity Globally, Governments are Focusing on Remote areas to Efficiently Supply Electricity due to increasing industrialization in developing countries and Increasing Use of Renewable Sources
Challenges:
High Cost of Installation
Restraints:
Administration and Regulatory Barriers
Opportunities:
Growing Focus toward the Generation of Renewable energy Generation and Rising Instability in Crude Oil Prices is anticipated to the Growth of Market
Market Leaders and their expansionary development strategies
In May 2021, Toshiba Energy Systems & Solutions Corporation ("Toshiba ESS"), a world leader in energy solutions, Toshiba America Energy Systems Corporation,an affiliate of Toshiba ESS, today completed its acquisition of the EtaPRO® business from GP Strategies Corporation, a global provider of workforce transformation solutions.
In March 2022, Manitou Springs launched new hydroopower system for clean energy recovery. Designed to generate electricity using the power of water, has now come to life.
Key Target Audience
Small Hydro power Manufacturers, Hydroelectricity Generators, Potential Technology Investors, Regulatory & Government Bodies, End Users and Other
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.