Global Hydropower Market Research Report Forecast to 2023
Industry Survey, Growth, Competitive Landscap and Forecasts to 2023
PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)
Offshore Wind Market 2018 Hydropower Market 2018: Industry Survey, Growth, Competitive Landscape and Forecasts to 2023 Market Highlights The global volatility in fossil fuel prices along with initiatives towards energy security will further complement the hydropower industry landscape. Hydropower is one of the oldest sources of energy which was used for thousands of years ago, to turn paddle wheels that help grind grain. Hydropower is a versatile, sustainable technology and it is the world’s largest source of the renewable energy and currently accounts for about 20% of the world’s total electricity supply. Hydropower has one of the best of conversion of all known energy sources. Harnessing water maturely can help take electricity access to millions of people. Stable, reliable and affordable electricity supply is also crucial for driving economic growth and ending the global poverty. Hydropower are classified based on their capacity as mini hydropower, micro and pico hydropower, small hydropower and large hydropower. Hydropower Market is expected to grow over the CAGR of more than 3% during the period 2017 to 2023.
Asia-Pacific region is expected to grow at the fastest rate. The mechanical energy storage market in the Asia-Pacific region is currently leading and is followed by Europe and North America market. The rapid industrial development in the countries such as India and China where there are issues with continuous reliable electricity supply, is driving the market for mechanical energy storage. Also R&D and utilization of modern flywheels in China and India with growing trend of compressing air and storing them it in large repositories, such as underground salt caverns, and releasing it to drive a turbine during periods of demand will drive mechanical energy storage market. 2
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Hydropower Market 2018 “Taste the market data and market information presented through more than 50 market data tables and figures spread in 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Hydropower Market Research Report- Forecast 2027�
Global Hydropower Market Currently, the Hydropower market is in the growth stage. This is due to the increase in demand for power, and, global initiatives to use more renewable and non-conventional energy sources, smart grids, & the global need to restrict carbon emission will boost the global hydropower market. The Asia-Pacific region is the leading market for energy storage market and is followed by Europe and North-America.
U.S hydropower market accounted about over 50% of the North America share. Large availability of untapped reserves with growing measures towards clean and reliable electricity is anticipated to boost the hydropower industry in U.S
In Europe, Switzerland, France and Austria has a current hydropower capacity of about 6.42 GW, 5.81 GW and 4.32 GW respectively. Rising concern towards the climate change along with strict government regulation to reduce carbon emission will stimulate the hydropower market in this region.
Growing electricity demand and large availability of water resource with well-established geographic topology in AsiaPacific Region will certainly boost the hydropower market. Also, rapid urbanization and industrialization re some of the factors encouraging the hydropower growth. 3
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Hydropower Market 2018 Scope of the report Intended Audience •
Drill Bits manufacturers
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Drill Bits Suppliers
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Research and Development (R&D) Companies
Additional Information •
Regulatory Landscape
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Pricing Analysis
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Macroeconomic Indicators
Company Information •
Profiling of 10 key market players
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In-depth analysis including SWOT analysis, and strategy information of related to report title
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Competitive landscape including emerging trends adopted by major companies
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Hydropower Market- 2018 Key Players Key Players • Voith GmbH (Germany), • ANDRITZ HYDRO GmbH (Austria), • General Electric Company (U.S), • China Three Gorges Corporation (China), • Alfa Laval (Sweden), • Metso Corporation (Sweden), • Hydro-Québec (Canada), • ABB Ltd (Switzerland), • Engie (France) • Tata Power Corporation (India).
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