About Hydropower
The hydropower market is expected to grow in the future due to the rising attention toward the generation of renewable energy generation and increasing focus towards greenhouse emissions. Hydropower is also called as water power Hydropower or hydroelectricity refers to the conversion of energy from flowing water into electricity. Hydropower is power derived from the energy of falling or fast-running water, which may be harnessed for useful purposes. Growing global population and demand for energy resources boosting the demand for hydropower in the forecasted period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Canada Manufacturers will contribute the maximum growth to Global Hydropower market throughout the forecasted 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.
BC Hydro (Canada), Hydro-Quebec (Canada), Rus Hydro (Russia), China Yangtze Power (China), Agder Energi (Norway), Duke Energy Corporation (United States), Georgia Power Company (United States), Ontario Power Generation (Canada), Stat Kraft (Norway) and Innergex Renewable Energy Inc. (Canada) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Hydropower market by Type (Large Hydropower, Small Hydropower and Micro Hydropower), Application (Industrial, Residential and Commercial) and Region.
On the basis of geography, the market of Hydropower 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 Capacity, the sub-segment i.e. Up to 100 KW will boost the Hydropower market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Various Governments Initiatives for Renewable Energy Generation
Market Growth Drivers:
Growing Energy Demand due to the Growing Global Population and Rising Environmental Concern among the Population
Challenges:
High Initial Constriction Cost Associated with Hydropower
Restraints:
A Large Number of Permits Requirement for Construction
Opportunities:
Growing Focus toward the Generation of Renewable Energy and Increasing Demand for Electricity Globally
Market Leaders and their expansionary development strategies
In Oct 2019, NHPC Limited has signed a definitive agreement for the implementation of the approved resolution plan for the takeover of Lanco Teesta Hydro Power Limited. and In Sept 2019, A series of crucial final agreements have been signed to bring the start of construction closer to the long-awaited Tina River Hydropower Development Project in the Solomon Islands.
In June 2019, Ontario Power Generation (OPG) announced it has entered into an agreement to acquire Cube Hydro through its U.S. hydroelectric platform. Cube Hydro is an operator of small and medium-sized hydropower facilities based in the northeast and the southeast United States. and In May 2018, Naghlu Hydropower Plant (NHPP) has restarted operations of one of its four turbines after being nonfunctional since 2012, providing electricity for thousands in the three provinces of Kabul, Kapisa, and Nangarhar.
Key Target Audience
Manufacturers of Hydropower Plant, Potential Technology Investors, Regulatory Bodies, Government Bodies, Research and Development Firms and Others
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.