Hydropower Market to grow at gain 2% by 2024

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Hydropower Market to grow at gain 2 by 2024
Global Market Insights Inc.
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Key Insights from Hydropower Market

• The 2017 Hydropower Market forecast report
  focuses on regional growth for 15 countries,
  leading industry companies, applications of
  Hydropower Market and more with an aim to help
  take business decisions.
• Hydropower Market size is set to exceed 1,300 GW
  by 2024, according to a new research report by
  Global Market Insights, Inc.
• Rising electricity demand coupled with increasing
  investment towards sustainable energy will
  stimulate the global hydropower market size. As
  per International Energy Agency (IEA),
  hydroelectric accounted for over 80 of the total
  renewable energy mix. North America and Europe
  have introduced plans to upgrade, renovate, and
  modernize the existing stations to ensure more
  efficient operations. For instance, in March
  2015, Latvenergo announced to invest USD 222.26
  million towards reconstruction of Riga, Plavinas
  and Kegums hydroelectric power stations in Latvia
  by 2022.

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Continued...

• U.S. hydropower market size is projected to grow
  over 2 owing to its large untapped hydro
  potential reserves. Growing measures to minimize
  carbon footprints may further stimulate the
  business landscape. In 2015, Oak Ridge National
  Laboratory (ORNL) and Non-Powered Dams (NPDs)
  estimated 12,000 MW capacity of existing untapped
  reserves.
• Reliable, high operating life cycle coupled with
  low maintenance costs are some of the key
  indicators which will stimulate the hydropower
  market share. Flood control, irrigation, tourism,
  aquaculture and recreation in remote areas are
  some of the salient benefits, which will
  complement the industry outlook. In Europe and
  North America, the authorities have introduced
  bond funds to raise investment for hydroelectric
  projects. These funds are particularly aimed at
  acquiring present assets over the new build.
• Low generation cost along with ability to produce
  high electric output will foster the hydropower
  market share. In 2016, Department of Energy (DOE)
  projected Levelized Energy Costs (LEC) of USD
  56.2/MWh from hydroelectric when compared with
  USD 191/MWh from solar thermal.

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Continued...

• Large capacity segment in 2016 accounted for over
  80 of global hydropower market share. Rising
  demand for continuous and reliable electricity
  along with upgradation of existing generating
  stations will stimulate the business landscape.
• Low ecological impact coupled with cost
  competitiveness are some of the key parameters
  which will embellish the mini hydropower market
  size. The University of Science and Technology of
  Hanoi (USTH), Vietnam in February 2016 installed
  60 MW of mini capacity grid connected power
  station in 48 different locations with capacity
  range between 100 kW to 7500 kW. Measures towards
  carbon emission coupled with low civil
  refurbishment cost will drive micro and pico
  hydropower market. In 2016, Philippines announced
  its ambitious plan to construct over 150 micro
  plants with an increasing electricity generating
  capacity approximately by 50 MW.
• Major participants in hydropower market are
  ANDRITZ HYDRO, Voith, General Electric, Alfa
  Laval, China Three Gorges Corporation, China
  Yangtze Power, Metso, Hydro-Québec, RusHydro,
  Duke Energy, Agder Energi, Georgia Power,
  StatKraft, Ontario Power Generation, Engie, ABB,
  EDF and Tata Power.

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Germany Hydropower Market Size, By Capacity, 2016
2024 (GW)

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360 Analysis

• By Capacity Trends
• Low civil construction cost coupled with growing
  measures to limit the emissions will foster small
  hydropower market size. In 2015, the Economic
  Community of West African States (ECOWAS)
  introduced the Small-Scale Hydro Power (SSHP)
  Program with a target of achieving 33 share of
  the overall energy mix by 2020 under the ECOWAS
  Renewable Energy Policy (EREP).
• By Region Trends
• U.S. hydropower market in 2016 accounted for over
  50 of the North America share. Abundant
  availability of untapped reserves with growing
  measures towards clean and reliable electricity
  is anticipated to drive the industry growth.
  Growing investment towards sustainable energy may
  further complement industry landscape. In 2015,
  Rey Development announced an investment of USD 60
  million towards hydroelectric installations
  across the country.
• Competitive Market Share
• Key players in hydropower market include Voith,
  ANDRITZ HYDRO, General Electric, China Three
  Gorges Corporation, Alfa Laval, Metso, China
  Yangtze Power, Hydro-Québec, RusHydro, Agder
  Energi, Duke Energy, Georgia Power, Ontario Power
  Generation, StatKraft, ABB, Engie, Tata Power,
  EDF.

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