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The global market for hydropower generation is estimated at USD 249,613.8 million in the year 2022, is projected to reach a size of USD 400,859.1 million by 2030, growing at a compound annual growth rate (CAGR) of 6.1% over the forecast period 2022-2030. The growth of the hydropower generation market is driven by factors such as surge in demand for electricity across the developing economies, rising demand for clean energy across the globe, and rapid industrialization and urbanization. Rising demand for renewable power and surge in hydropower install capacity across the globe is expected to provide lucrative opportunities for the global market throughout the forecast period.
The global hydropower generation market has been analyzed across Asia-Pacific, North America, Europe, South America, and the Middle East & Africa. Asia Pacific is anticipated to be the leading regional market during forecast period, driven by increase in demand for renewable energy.
In terms of revenue, Europe captured the second position in the hydropower generation market. The hydropower generation market in Asia Pacific region is projected to grow at lucrative growth rate over the forecast period. This growth is attributed to increasing investment in hydropower generation projects in various countries.
Latin America and Middle East & Africa reported for a comparatively minor share of the global market in 2021. On the other hand, the market in these regions is anticipated to grow rapidly during the forecast period.
Based on capacity, the hydropower generation market has been classified into small hydro power plant (up to 1MW), medium hydro power plant (1MW - 10MW), and large hydro power plant (above 10MW). The large hydro power plant (above 10MW) segment is projected to be the largest segment during the forecast period.
The global hydropower generation market is competitive with leading players accounting for larger market shares. Some of companies profiled in report include ABB Ltd, Alstom Hydro, Andritz Hydro USA Inc., China Hydroelectric Corporation, China Three Gorges Corporation, CPFL Energia S.A., GE Energy, IHI Corporation, Sinohydro Corporation, and Tata Power Corporation.
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