Hydropower Market to surpass 1,300 GW by 2024

1
Hydropower Market to surpass 1,300 GW by 2024
Fractovia.org
2
Key Insights of Hydropower Market

• Hydropower Market set to exceed 1,300 GW by 2024,
  driven by growing demand for electricity.
• Hydropower Market is driven by a relatively long
  shelf life, reliability, large-scale power
  rollout, and reduced operational and maintenance
  costs. Manufacturing electricity aided by the
  conversion of kinetic energy into electric
  current has been one of very old techniques of
  power generation. Of late, hydropower industry
  has gained renewed traction pertaining to the
  strict regulations laid down by the government as
  regards to energy conservation.
• The United States, being one of the most
  developed economies of the modern world, has
  always been one of the key pioneers partaking in
  the commercialization of hydropower industry. The
  existence of the Grand Coulee hydropower project
  bears evidence to this statement. This facility
  was constructed in three phases and is one of the
  largest hydroelectric power stations in the
  world. Operated by the U.S. Bureau of
  Reclamation, this facility, located on River
  Colombia in the state of Washington, has an
  annual generating capacity of more than 24 TWh.

3
Continued

• The U.S. held more than 50 of North America
  hydropower industry share in 2016 and is expected
  to grow massively over the coming years. The
  region is a treasure house of untapped reserves,
  which will propel the business trends. In
  addition, the government has been implementing
  stringent measures to curb GHG emissions and
  supply clean, uninterrupted power, which will
  stimulate hydropower market. The companies in the
  U.S. as well as the regulatory bodies have been
  making substantial investments toward the
  adoption of sustainable energy, which will lead
  U.S. hydropower industry to grow at a CAGR of 2
  over 2017-2024.
• Large capacity products held more than 80 of
  global hydropower industry share in 2016 and are
  expected to grow remarkably over the next few
  years. This growth can be credited to the rising
  demand for uninterrupted electricity supply. In
  addition, these products will be installed at the
  upgraded hydropower facilities, which will
  further propel the business expansion. The
  upgradation of existing facilities will be a
  major factor driving large hydropower market over
  the coming years. For instance, Agder Energi, in
  2013, awarded a deal worth USD 24.4 million to
  Alstom for upgrading the Iveland II hydroelectric
  plant. This facility, based in Norway, has a
  generating capacity of around 150 GWh and is
  forecast to contribute significantly toward the
  growth of Norway hydropower industry.

4

Browse Full Market Research Report Of Hydropower
Market _at_ http//bit.ly/2EC9BJC Request
for a Sample of this Research report _at_
https//www.fractovia.org/request-sample/532
5
Germany Hydropower Market Size, By Capacity, 2016
2024 (GW)

6

Hydropower Industry Background

7
Continued.

• A favorable regulatory landscape is a key factor
  propelling the growth of large hydropower market.
  Institutions such as the World Bank, Aquila
  Capital, and the Climate Aligned Bonds Initiative
  are renowned to contribute massively toward the
  growth of hydropower industry by means of heavy
  investments and other initiatives. In 2015, for
  example, the Climate Aligned Bonds Initiative
  allotted labeled green bonds worth USD 41.8
  billion, to increase the share of electricity
  supply from hydroelectric stations.
• Small Hydropower Market is also slated to
  establish its footprints globally. This segment
  is likely to be augmented by the low costs of
  civil construction and the rising measures to
  eliminate carbon and GHG emissions. In fact, in
  2015, the Small-Scale Hydro Power Program had
  been launched by the Economic Community of West
  African States to achieve a share of 33 from
  hydropower toward the overall energy supply,
  which will subsequently propel small hydropower
  industry share.
• The contribution of regulatory bodies toward the
  growth of hydropower market is indeed
  commendable. Recently, in April 2017, the EIA
  (Energy Information Administration) had
  scrutinized that the CUF (capacity utilization
  factor) for hydroelectricity was more than 60,
  while the CUF for solar PV electricity was only
  25. This factor is expected to propel hydropower
  industry over the coming seven years.

8
Stay In Touch Website https//www.fractovia.org
Social Media