Hydropower Market Research Report- Forecast to 2023
Hydropower Market Key Players Profile and Market Analysis to 2023
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Copyright Š 2017 Market Research Future.
Hydropower Market Research Report- Forecast to 2023
1 Summary As, Hydropower comes along with low levelised cost, high capacity utilization factor and ease of grid parity, which will stimulate the global hydropower market size. Recently, Energy Information Administration (EIA) quoted that, hydroelectricity capacity utilization factor (CUF) to be over 60% when compared to 25% for Solar PV. Stringent government regulation towards reducing the global carbon footprint coupled with depleting conventional resources will drive the global hydropower market. However, the high initial investment cost of hydropower infrastructure with safety concern regarding it and developing modern technology with alternative product launch can restrain global hydropower market. The global hydropower market is expected to grow at a CAGR of more than 3% during the forecast period.
Key Players: The key players of global hydropower market are 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) and Tata Power Corporation (India).
2 Market Overview The growing attention towards efficiencies of conversion of the adoption of renewable energy integration coupled with its wide applications range including water supply for irrigation and flood control will boost the hydropower market growth during the forecast period. 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
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Copyright © 2017 Market Research Future.
Hydropower Market Research Report- Forecast to 2023
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.
Scope of the Report This study provides an overview of the global hydropower market, tracking one market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global hydropower market by its capacity and by region. By Capacity • • •
Mini Hydropower Micro and Pico Hydropower Small Hydropower • Large Hydropower
By Regions • • • •
North America Asia Pacific Europe Rest of the World
3 Market Research Analysis Small Hydropower segment is expected to grow at the fastest rate The low civil construction rate associated with growing measures to limit the carbon emissions will boost the small hydropower market. Favorable renewable policy model along with financial assistance by the institutions including climate aligned bonds, Aquila Capital and World Bank will drive the small & large scale hydropower across the globe. 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). The overall costing of
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Copyright © 2017 Market Research Future.
Hydropower Market Research Report- Forecast to 2023
the small scale hydropower is the crucial factor as compared to other capacity, which will drive the global small scale hydropower .
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Copyright Š 2017 Market Research Future.
Hydropower Market Research Report- Forecast to 2023
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Copyright Š 2017 Market Research Future.