Hydropower Generation Market is expected to grow at a CAGR of 6.1% through 2030F
The global Hydropower Generation Market is
expected to be led by North America, driven by Energy Security and Grid
Stability and Policy Support and Investment during the forecast period 2026-2030F
According to TechSci Research
report, “Hydropower
Generation Market - Global Industry Size, Share, Trends, Competition Forecast
& Opportunities, 2030F, The Global Hydropower Generation Market was
valued at USD 431.8 billion in 2024 and is expected to reach USD 621.5 billion
by 2030 with a CAGR of 6.1% through 2030. As countries seek to reduce their
dependence on imported fossil fuels and ensure a stable and domestic energy
supply, hydropower offers a reliable and renewable energy source that can help
achieve these goals. Hydropower is often seen as a stable and flexible energy
solution, capable of providing consistent base-load power, especially in
regions with abundant water resources.
Another
key driver is the growing need for energy storage solutions. Hydropower,
particularly pumped storage, plays an essential role in energy storage and grid
balancing, making it an ideal complement to intermittent renewable sources like
solar and wind. As the share of variable renewable energy in the grid
increases, hydropower’s role in providing backup power and stabilizing the grid
becomes increasingly valuable.
Additionally,
the rising awareness of environmental sustainability and climate change is
pushing governments and industries to adopt cleaner energy alternatives.
Hydropower, with its low-carbon footprint and potential for long-term
environmental benefits, is a key part of global efforts to reduce greenhouse
gas emissions. This growing emphasis on sustainability further fuels
investments in hydropower generation projects around the world, particularly in
regions with significant water resources.
Browse over XX market data Figures
spread through XX Pages and an in-depth TOC on the "Global Hydropower Generation Market"
Based on Capacity, Medium Hydro Power
Plant segment dominated the Hydropower Generation Market in 2024 and maintain
its leadership throughout the forecast period, due to its optimal balance
between scale, cost, and environmental impact. Medium hydro power plants,
typically ranging in capacity from 10 MW to 100 MW, offer a compelling solution
for countries and regions looking to expand their renewable energy capacity
without the high upfront costs and environmental concerns associated with
large-scale projects. These plants are more flexible in terms of location,
making them suitable for rivers and regions that may not support larger
hydropower projects but still offer sufficient water flow to generate
significant energy.
One of the main advantages of medium
hydro plants is their ability to be developed with relatively lower capital
investment compared to large-scale hydropower projects, which often require
extensive infrastructure, such as dams, reservoirs, and power lines. This makes
medium hydropower projects more attractive to both developing and developed
nations. The quicker development timeline is also a key driver, allowing for a
faster return on investment and enabling countries to meet their renewable
energy targets within shorter timeframes. Additionally, medium hydro plants can
be integrated into local or regional grids, making them particularly valuable
for off-grid rural or remote areas, helping to improve energy access and reduce
reliance on fossil fuels.
The medium hydropower segment has also
benefited from increasing government support for renewable energy. Many
countries have introduced incentives and subsidies aimed at promoting clean
energy, including hydropower, as part of their transition to sustainable energy
systems. This support, coupled with rising demand for green energy, is fueling
the growth of medium hydro plants, especially in regions with abundant water
resources such as Latin America, Asia-Pacific, and Europe.
Environmental considerations further
contribute to the dominance of the medium hydro segment. Unlike large-scale
hydropower plants, medium-sized facilities tend to have a less disruptive
impact on local ecosystems, as they do not require massive dams or flood large
areas of land. This reduces the risk of negative ecological effects, such as
the displacement of communities and wildlife, which are often associated with
large hydroelectric projects. In addition, medium hydro plants can benefit from
advancements in technology, such as more efficient turbines and better water
management systems, which further enhance their viability and environmental
sustainability.
In conclusion, the medium hydro power
plant segment is leading the hydropower generation market due to its
cost-effectiveness, environmental benefits, quicker implementation, and ability
to meet the growing demand for renewable energy in diverse geographical
locations. As countries continue to prioritize green energy solutions, medium
hydro power plants are well-positioned to remain a dominant force in the
sector.
Asia Pacific is emerging as the
fastest-growing region for the Hydropower Generation Market, Asia Pacific is
emerging as the fastest-growing region in the global hydropower generation
market, driven by a combination of abundant water resources, increasing energy
demand, and strong government support for renewable energy. Countries like
China, India, and Indonesia are investing heavily in hydropower projects to
meet their rapidly growing electricity needs while reducing reliance on fossil
fuels. China, in particular, leads the region with the world’s largest
hydropower capacity, and it continues to expand its network with projects like
the Three Gorges Dam and the Baihetan Hydroelectric Station. Similarly, India’s
government is prioritizing hydropower as a clean energy source, aiming to
increase its hydropower capacity to support its ambitious renewable energy
goals.
Asia Pacific's favorable geography, with
vast river systems and mountainous terrains, offers significant potential for
large-scale hydropower projects, making it an attractive market for investors
and developers. Moreover, the region’s push for carbon neutrality and the shift
toward sustainable energy solutions further accelerate hydropower growth.
Additionally, the ongoing development of smaller-scale, decentralized
hydropower systems is gaining momentum in countries with abundant but untapped
water resources, such as Nepal, Bhutan, and Myanmar.
As the region strives to meet its
climate goals and energy security needs, the Asia Pacific hydropower generation
market is expected to see continued robust growth, with increasing investments
and technological advancements ensuring its role as a key renewable energy
source in the global transition to sustainable power systems.
Key market players in the Hydropower
Generation Market are: -
- Andritz Hydro USA Inc.
- E. Energy
- China Hydroelectric Corporation
- Sinohydro Corporation
- IHI Corporation
- Alstom Hydro
- CPFL Energia S.A.
- ABB Ltd.
- China Three Gorges Corporation
- Gerdau S.A.
Download Free Sample Report
Customers can
also request for 10% free customization on this report.
“The global hydropower generation market
offers several significant opportunities driven by the increasing demand for
renewable energy, technological advancements, and supportive government
policies. One key opportunity lies in the expansion of hydropower capacity in
emerging markets, particularly in regions such as Asia Pacific, Africa, and
Latin America. These regions possess vast untapped water resources that can be
harnessed to meet growing energy demands while reducing dependence on fossil
fuels. Additionally, the development of small and medium-scale hydropower plants
presents a promising opportunity, especially in remote areas with access to
rivers and streams. These projects require lower capital investment and shorter
construction timelines, making them an attractive option for countries seeking
to diversify their energy mix.” said Mr. Karan Chechi,
Research Director of TechSci Research, a research-based global management
consulting firm.
“Hydropower Generation
Market – Global Industry Size, Share, Trends, Opportunity, and Forecast,
Segmented By Capacity (Small Hydro Power Plant, Medium Hydro Power Plant, Large
Hydro Power Plant), By Application (Commercial, Industrial, Residential), By
Region, By Competition, 2020-2030F” has
evaluated the future growth potential of Hydropower Generation Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Hydropower Generation Market.
Contact
TechSci Research LLC
420 Lexington Avenue,
Suite 300, New York,
United States- 10170
M: +13322586602
Email: sales@techsciresearch.com
Website: https://www.techsciresearch.com