The Business Research Company’s Hydropower Generation Market covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market.
The global hydropower generation market reached a value of nearly $123.3 billion in 2019, having grown at a compound annual growth rate (CAGR) of -7.26% since 2015, and is expected to grow at a CAGR of -1.83% to nearly $114.5 billion by 2023.
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The hydropower generation market consists of sales of hydropower energy and related services. The hydropower generation industry includes companies that are mainly involved in operating hydropower generation facilities to produce electricity. Hydropower stations convert the kinetic energy of flowing or falling water into electrical energy and which is provided to power transmission systems.
The hydropower generation market covered in this report is segmented by type into dike type, diversion hydropower station, mixed type, tide, pumped storage. It is also segmented by capacity into large, medium, small and by application into residential, commercial and industrial.
Countries covered are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, Australia
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Favorable laws in emerging countries are projected to drive the hydropower generation market. Governments across the globe are introducing policies that aid the growth of hydropower generation market. For instance, in 2019, in India, according to Press Information Bureau, the union cabinet of India has approved major hydropower projects (HPO) as part of the non-solar renewable purchase obligation (RPO). Introduction of favorable laws will boost the demand for hydropower and in turn drive the market.
Major players in the market are Alstom Power, GE Energy, Tata Power Company, Hydrochina International, CPFL Energia, Sinohydro Corporation, RusHydro, Andritz and Agder Energi SA.
1) By Product Type: Dike Type; Diversion Hydropower Station; Mixed Type; Tide; Pumped Storage 2) By Capacity: Large; Medium; Small 3) By Application: Residential; Commercial; Industrial
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