Global Non-Volatile Memory Market Research Report: Forecast to 2023
Global Hydropower Market Research Report: Forecast to 2023
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Copyright Š 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
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Copyright © 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
Summary The growing call for a shift to more clean and sustainable energy sources is improving the demand for hydropower globally. Market reports connected with the energy and power industry have been presented by Market Research Future which makes reports on other industry verticals that aims to analyze the current market scenarios better. The market is set to achieve a CAGR of 3% in the approaching years. The harnessing of energy from water has gained significant traction, as the damage from climate change and environmental pollution, becomes more evident. The collective focus of the governments around the world has inspired substantial development for the hydropower market. The surge in demand for electricity due to rising applications is projected to provide further impetus to the hydropower market. Moreover, increased urbanization and industrialization rates are expected to provide considerable growth prospects in the forecast period. Water supplies globally remain in abundance, which is prompting the energy sector to shift its focus towards hydropower. Moreover, the rapid exhaustion of fossil fuel and concerns over CO2 emission is driving the adoption of energy sources that are sustainable and eco-friendly. Preference for hydropower is high due to its versatile characteristics and application of sustainable technology. Hydropower not only allows generation of electricity but also storage of water. Hydropower currently contributes 20% of the overall electricity supply worldwide. Pro-environmental practices and lower consequences on the ecology are some of the key factors supporting the adoption of hydropower plants. Over time, hydropower plants have mushroomed across the globe. It is gaining momentum in both rural and urban areas. In addition, hydropower is affordable and reliable which is a crucial economic factor. This allows development of hydropower plant in economically backward regions. Compared to other renewable energies such as solar and wind, hydropower is more viable. The data released by Energy Information Administration (EIA) revealed that hydroelectricity capacity utilization factor (CUF) is more than 60% when compared to 25% for Solar PV. The global hydropower market is also benefiting from the stern actions taken on use of resources that result in high toxic production.
Competitive Landscape The significant contenders present in the hydropower market globally are ANDRITZ HYDRO GmbH (Austria), General Electric Company (U.S), China Three Gorges Corporation (China), Voith GmbH (Germany), ABB Ltd (Switzerland), Alfa Laval (Sweden), Metso Corporation (Sweden), Hydro-QuĂŠbec (Canada), Engie (France) and Tata Power Corporation (India).
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Copyright Š 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
Market Segmentation
The hydropower market is segmented on the basis of capacity and region. On the basis of capacity, the hydropower market is segmented into micro and pico hydropower, mini hydropower, small hydropower, and large hydropower. Based on regions, the hydropower market is segmented into Asia Pacific, North America, Europe and Rest of the World.
Regional Analysis The regional analysis of the hydropower market is segmented into regions such as Asia Pacific, North America, Europe and Rest of the World. The Asia Pacific region is the principal market for energy storage market and is trailed by the European and North American region. The hydropower market in the U.S is responsible for about over 50% of the share in the North American region. The large availability of unexploited reserves with rising measures aimed at clean and reliable electricity is expected to lift the hydropower industry in the U.S. In the European region, France, Switzerland, and Austria have an existing hydropower capacity of about 6.42 GW, 5.81 GW and 4.32 GW correspondingly. The escalating concerns towards the climate change along with stringent government regulations to lessen carbon emission will inspire the hydropower market in this region. The increasing electricity demand and big availability of water resource with well-established terrestrial topology in the Asia Pacific region is projected to lift the hydropower market. Correspondingly, speedy urbanization and industrialization are a few of the factors inspiring the growth in the hydropower market.
Industry Updates: Jan 2019 A Bosnian hydropower company called HE Dabar recently invited bids for the financing and construction of its 160 megawatt (MW) plant in southeastern Bosnia at an assessed cost of 366 million marka ($213 million). The Dabar power plant which will be located on the Trebisnjica river will be fragment of a strategic 250 MW hydropower complex, Gornji Horizonti, which is also intended to integrate two smaller hydropower plants, Bileca and Nevesinje.
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Copyright Š 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
owned company based in Norway that has developed a field-proven portfolio of completion systems and intervention tools.
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Copyright Š 2017 Market Research Future.