Hydropower Generation Market Size, Share & Trends Report, 2024-2033
The global hydropower generation market size was exhibited at USD 222.20 billion in 2023 and is projected to hit around USD 383.53 billion by 2033, growing at a CAGR of 5.61% during the forecast period of 2024 to 2033.
Key Takeaways:
Hydropower Generation Market Report Scope
| Report Coverage | Details |
| Market Size in 2024 | USD 222.20 Billion |
| Market Size by 2033 | USD 383.53 Billion |
| Growth Rate From 2024 to 2033 | CAGR of 5.61% |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Segments Covered | Capacity, Application, Geography |
| Market Analysis (Terms Used) | Value (US$ Million/Billion) or (Volume/Units) |
| Regional Scope | North America; Europe; Asia Pacific; Central and South America; the Middle East and Africa |
| Key Companies Profiled | Andritz Hydro USA Inc., GE Energy, CPFL Energia S.A., Sinohydro Corporation, IHI Corporation, Alstom Hydro, China Hydroelectric Corporation, China Three Gorges Corporation, ABB Ltd., Tata Power Corporation |
Growth Factors
The hydropower is one of the renewable energies that is used in the generation of electricity. The surge in demand for renewable energy is resulting into the growing need for hydropower generation. One of the key factors propelling the growth of the global hydropower generation market is the increasing population all around the globe. The growing population requires lot of electricity which is possible due to hydro power generation. Thus, the growth of the global hydropower generation market is expected in the near future.
The hydropower generation process does not emit any type of toxic gases such as greenhouse gases. This factor is augmenting the growth of the global hydropower generation market over the forecast period. The hydro power generation is suitable option for the energy generation for long term as well as short term. Moreover, the hydro power is considered as cost effective and efficient in nature. The hydro power can be used in many ways such as for agricultural and recreational activities. In addition, the government is heavily investing in the energy projects, which is boosting the growth of the global hydropower generation market.
The COVID-19 pandemic had impacted every vertical and areas of industry globally. This is attributed to the supply chain disruption and halt of all manufacturing and production processes all around the world. In addition, due to coronavirus outbreak, the government approvals on certain energy and power projects were also delayed which directly impacted the growth and development of the global hydropower generation market during 2020.
The technological developments and adoption of innovative technologies is creating growth prospects for the hydropower generation market. The developed regions such as Europe and North America are constantly working and implementing favorable policies for the growth of the global hydropower generation market over the projected period. Another factor contributing towards the growth of the hydropower generation market is the growing need and demand for electricity. According to International Energy Agency (IEA), since a decade, the demand for electricity has increased significantly. As a result, this factor is contributing towards the hydropower generation market growth. In addition, the key market players are contributing towards the growth of the market by adopting numerous strategies such as joint venture, partnership, merger, and acquisition.
Segments Insights:
Capacity Insights
The large hydro power segment dominated the hydropower generation market in 2023. The large hydro power is regarded as a hydro power plant whose capacity is more than 10 MW. The power generated with the help of large hydro power plants can be used for the long period of time. This type of plant requires low cost for operation and maintenance. The growing number of hydro power generation projects is supporting the growth of the segment. In addition, the large amount of electricity is generated with the help of large hydro power, which can be used for industrial and commercial purposes. The developed and developing countries such as Brazil, China, and the U.S. are deploying large hydro power on a large scale. Thus, this factor is boosting the growth of the segment over the forecast period.
The small hydro power segment is fastest growing segment of the hydropower generation market in 2023. Energy has become one of the critical need and requirement in today’s era. The growing trend of clean and green energy is driving the demand for small hydro power. The growing concerns for the greenhouse gas emissions and carbon emissions are supporting the growth and development of the segment. The small hydro power is of low cost as compared to other types of hydro power plants. The small hydro power is applicable in diverse sectors mainly for electricity generation. Thus, the demand for small hydro power is growing due to all of these aforementioned factors.
Regional Insights
Europe dominated the hydropower generation market in 2023. The UK dominated the hydropower generation market in Europe region. The stringent and favorable government regulations led down by the European Union and government is propelling the growth of the hydropower generation market in the region. The rapid urbanization and industrialization are resulting into the growing demand for hydropower generation in the Europe. Moreover, the surge in demand for renewable energy is also paving new way for the growth and development of the Europe hydropower generation market. The government is also taking active participation in approvals of power generation projects. Thus, this factor is boosting the growth of the hydropower generation market in Europe region over the forecast period.
Asia-Pacific, on the other hand, is expected to develop at the fastest rate during the forecast period. China dominates the hydropower generation market in Asia-Pacific region. The Chinese government is heavily investing in the development of energy and power sector. This factor is creating growth prospects for the growth of the hydropower generation market in the Asia-Pacific region. The government agencies are also collaborating local players for the installation of hydropower plants in the underdeveloped areas. In addition, the government is also heavily investing in hydropower and electricity generation projects in the region, which is also boosting the hydropower generation market growth. Thus, all of these aforementioned factors are driving the expansion of the hydropower generation market in Asia-Pacific region.
Key Developments
Some of the prominent players in the hydropower generation market include:
Segments Covered in the Report
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Nova one advisor, Inc. has segmented the global hydropower generation market.
By Capacity
By Application
By Region
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Hydropower Generation Market
5.1. COVID-19 Landscape: Hydropower Generation Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Hydropower Generation Market, By Capacity
8.1. Hydropower Generation Market, by Capacity Type, 2024-2033
8.1.1. Small Hydro Power Plant (Up to 1MW)
8.1.1.1. Market Revenue and Forecast (2021-2033)
8.1.2. Medium Hydro Power Plant (1MW - 10MW)
8.1.2.1. Market Revenue and Forecast (2021-2033)
8.1.3. Large Hydro Power Plant (Above 10MW)
8.1.3.1. Market Revenue and Forecast (2021-2033)
Chapter 9. Global Hydropower Generation Market, By Application
9.1. Hydropower Generation Market, by Application, 2024-2033
9.1.1. Commercial
9.1.1.1. Market Revenue and Forecast (2021-2033)
9.1.2. Industrial
9.1.2.1. Market Revenue and Forecast (2021-2033)
9.1.3. Residential
9.1.3.1. Market Revenue and Forecast (2021-2033)
Chapter 10. Global Hydropower Generation Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Capacity (2021-2033)
10.1.2. Market Revenue and Forecast, by Application (2021-2033)
10.1.3. U.S.
10.1.3.1. Market Revenue and Forecast, by Capacity (2021-2033)
10.1.3.2. Market Revenue and Forecast, by Application (2021-2033)
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Forecast, by Capacity (2021-2033)
10.1.4.2. Market Revenue and Forecast, by Application (2021-2033)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Capacity (2021-2033)
10.2.2. Market Revenue and Forecast, by Application (2021-2033)
10.2.3. UK
10.2.3.1. Market Revenue and Forecast, by Capacity (2021-2033)
10.2.3.2. Market Revenue and Forecast, by Application (2021-2033)
10.2.4. Germany
10.2.4.1. Market Revenue and Forecast, by Capacity (2021-2033)
10.2.4.2. Market Revenue and Forecast, by Application (2021-2033)
10.2.5. France
10.2.5.1. Market Revenue and Forecast, by Capacity (2021-2033)
10.2.5.2. Market Revenue and Forecast, by Application (2021-2033)
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Forecast, by Capacity (2021-2033)
10.2.6.2. Market Revenue and Forecast, by Application (2021-2033)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Capacity (2021-2033)
10.3.2. Market Revenue and Forecast, by Application (2021-2033)
10.3.3. India
10.3.3.1. Market Revenue and Forecast, by Capacity (2021-2033)
10.3.3.2. Market Revenue and Forecast, by Application (2021-2033)
10.3.4. China
10.3.4.1. Market Revenue and Forecast, by Capacity (2021-2033)
10.3.4.2. Market Revenue and Forecast, by Application (2021-2033)
10.3.5. Japan
10.3.5.1. Market Revenue and Forecast, by Capacity (2021-2033)
10.3.5.2. Market Revenue and Forecast, by Application (2021-2033)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Forecast, by Capacity (2021-2033)
10.3.6.2. Market Revenue and Forecast, by Application (2021-2033)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Capacity (2021-2033)
10.4.2. Market Revenue and Forecast, by Application (2021-2033)
10.4.3. GCC
10.4.3.1. Market Revenue and Forecast, by Capacity (2021-2033)
10.4.3.2. Market Revenue and Forecast, by Application (2021-2033)
10.4.4. North Africa
10.4.4.1. Market Revenue and Forecast, by Capacity (2021-2033)
10.4.4.2. Market Revenue and Forecast, by Application (2021-2033)
10.4.5. South Africa
10.4.5.1. Market Revenue and Forecast, by Capacity (2021-2033)
10.4.5.2. Market Revenue and Forecast, by Application (2021-2033)
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Forecast, by Capacity (2021-2033)
10.4.6.2. Market Revenue and Forecast, by Application (2021-2033)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Capacity (2021-2033)
10.5.2. Market Revenue and Forecast, by Application (2021-2033)
10.5.3. Brazil
10.5.3.1. Market Revenue and Forecast, by Capacity (2021-2033)
10.5.3.2. Market Revenue and Forecast, by Application (2021-2033)
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Forecast, by Capacity (2021-2033)
10.5.4.2. Market Revenue and Forecast, by Application (2021-2033)
Chapter 11. Company Profiles
11.1. Andritz Hydro USA Inc.
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. GE Energy
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. CPFL Energia S.A.
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Sinohydro Corporation
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. IHI Corporation
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Alstom Hydro
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. China Hydroelectric Corporation
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. China Three Gorges Corporation
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. ABB Ltd.
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Tata Power Corporation
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers