Hydropower Market Research Report - Forecast to 2030

Hydropower Market Information Report By Capacity (Mini Hydropower, Micro And Pico Hydropower, Small Hydropower and Large Hydropower) and By Regions - Global Forecast to 2030

ID: MRFR/E&P/2977-HCR | February 2021 | Region: Global | 111 Pages         

1... Executive Summary

2 Research Methodology

2.1 Scope of the Study

2.1.1 Definition

2.1.2 Research Objective

2.1.3 Assumptions

2.1.4 Limitations

2.2 Research Process

2.2.1 Primary Research

2.2.2 Secondary Research

2.3 Market size Estimation

2.4 Forecast Model

3... Market Dynamics

3.1 Market Drivers

3.2 Market Inhibitors

3.3 Supply/Value Chain Analysis

3.4 Porter’s Five Forces Analysis

4 Global Hydropower Market, By Capacity

4.1 Introduction

4.2 Mini hydropower

4.3 Micro and Pico hydropower

4.4 Small hydropower

4.5 Large hydropower

5 Regional Market Analysis

5.1 Introduction

5.2 North America

5.2.1 U.S.

5.2.2 Canada

5.3 Europe

5.3.1 U.K.

5.3.2 France

5.3.3 Germany

5.3.4 Rest of Europe

5.4 Asia-Pacific

5.4.1 China

5.4.2 Japan

5.4.3 India

5.4.4 Rest of Asia-Pacific

5.5 Rest of the World

6... Competitive Analysis

6.1 Introduction

6.2 Competitive Scenario

6.2.1 Market Share Analysis

6.2.2 Market Development Analysis

6.2.3 Insulation Type/Service Benchmarking

6.3 Voith GmbH (Germany)

6.3.1 Overview

6.3.2 Insulation Type/Service Offering

6.3.3 Strategy

6.4 ANDRITZ HYDRO GmbH (Austria)

6.4.1 Overview

6.4.2 Insulation Type/Service Offering

6.4.3 Strategy

6.5 General Electric Company (U.S)

6.5.1 Overview

6.5.2 Insulation Type/Service Offering

6.5.3 Strategy

6.6 China Three Gorges Corporation (China)

6.6.1 Overview

6.6.2 Insulation Type/Service Offering

6.6.3 Strategy

6.7 Alfa Laval (Sweden)

6.7.1 Overview

6.7.2 Insulation Type/Service Offering

6.7.3 Strategy

6.8 Metso Corporation (Sweden)

6.8.1 Overview

6.8.2 Insulation Type/Service Offering

6.8.3 Strategy

6.9 Hydro-Québec (Canada)

6.9.1 Overview

6.9.2 Insulation Type/Service Offering

6.9.3 Strategy

6.10 ABB Ltd. (Switzerland)

6.10.1 Overview

6.10.2 Insulation Type/Service Offering

6.10.3 Strategy

6.11 Engie (France)

6.11.1 Overview

6.11.2 Insulation Type/Service Offering

6.11.3 Strategy

6.12 Tata Power Corporation (India)

6.12.1 Overview

6.12.2 Insulation Type/Service Offering

6.12.3 Strategy

Hydropower Market

Hydropower Market share is expected to reach USD 301.5 Billion by 2030, expanding at a compound annual growth rate (CAGR) of 3% during the forecast period.


By Capacity Mini Hydropower Micro And Pico Hydropower Small Hydropower Large Hydropower

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)


  • Global initiatives to use more renewable
  • Non-conventional energy sources
  • High capacity utilization
  • Low levelised cost
  • Safety
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Hydropower Market Overview

According to the latest research report, during the projected period, the hydropower market size is estimated to increase at a CAGR of more than 3%.

Hydropower is one of the most researched and used renewable energy sources today. It is possible to generate enough clean energy to meet a significant portion of the world's ever-increasing energy demand by correctly utilizing the vast amounts of hydropower available around the planet. In the United States, it is still the most important source of renewable energy, and many other countries are stepping up their efforts to stay up with new developments in the field. Factors such as an increase in the number of new hydropower projects backed by government funding and an increased need for dependable electricity are expected to drive market expansion during the forecast period.

Emerging technology improvements aimed at increasing hydropower generation should provide significant market value prospects in the next years. Over the forecast period, the market will expand due to a growing emphasis on the efficiencies of renewable energy integration, as well as its wide range of applications, such as water supply for agriculture and flood control. The hydropower business climate will benefit from the global volatility of fossil fuel prices, as well as measures to increase energy security.

Hydropower is now one of the most frequently investigated and used renewable energy sources. It is conceivable to create enough clean energy to meet a substantial percentage of the world's continually growing energy demand by properly using the huge useable supplies of hydropower across the world. It is still the most important source of renewable energy in the United States, and many other nations are stepping up their efforts to keep up with new advancements in the area.

The rising emphasis on the efficiencies of conversion of renewable energy integration, together with its wide variety of uses such as water supply for agriculture and flood control, will drive the market expansion over the projection period. The worldwide volatility of fossil fuel prices, as well as efforts aimed at increasing energy security, will enhance the hydropower business environment. Hydropower is one of the oldest forms of energy, having been used for millennia to turn paddle wheels that aid in the grinding of grain. Hydropower is a flexible, sustainable technology that is the world's greatest source of renewable energy, accounting for approximately 20% of total global electricity production. Hydropower has one of the highest conversion rates of any known source of energy. Water harvesting maturely can enable millions of people have access to energy. A stable, dependable, and inexpensive energy supply is also essential for promoting economic progress and eradicating global poverty.

This report contains all the information on the global hydropower market outlook and strengths. The report also contains the culmination of dynamics, segmentation, key players, regional analysis, and other important factors. And a detailed analysis of the global market and forecast for 2027 is also included in the report.

Covid 19 Analysis

The COVID-19 outbreak is likely to have a major impact on the worldwide hydropower sector owing to disruptions in the international supply chain and a decrease in investment for forthcoming projects. Although yearly additions reflect the driving market, certain projects are anticipated to be postponed owing to COVID-19-related lockout measures.

Competitive landscape

The worldwide hydropower industry is highly fragmented due to the presence of prominent players in the market.

Major 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).

Industry News

  • Stromag introduced its all-new SHPU hydraulic power packs in January 2022, which are compatible with Stromag hydraulic brakes and clutches. The new range, which replaces all prior hydraulic power unit (HPU) types, provides clients with simpler specifications, increased versatility, and excellent performance in a small size.

  • Related Fluid Power Ltd. introduced its 3kW DC electric fan-cooled motor in August 2012, expanding the capabilities of its Mini130 and Mini150 hydraulic power units. This product development has aided the company in expanding its hydraulic power unit line.

Market Dynamic

  •         Drivers

During the forecast period, the market growth is projected to be driven by factors such as an increase in the number of new hydropower projects backed by government funding and an increased need for dependable energy.

  •         Opportunities

In the coming years, emerging technical developments targeted at boosting hydropower generation should create substantial opportunities for the market value.

  •         Restraints

Hydropower projects' severe environmental impacts are expected to stymie market expansion throughout the projected period. However, issues such as the need for large capital and operating expenditures, as well as extended gestation periods, are likely to stymie the market's expansion in the future years.

  •         Challenges

The high initial investment cost of hydroelectric infrastructure, along with safety concerns, as well as the development of contemporary technologies and the launch of alternative products, may create challenges for the worldwide market.

Cumulative Growth Analysis

The hydropower age in China began in the 1950s. The country's hydropower installed capacity increased by 1.2 percent to 356.4 GW in 2019, compared with the previous year's figure. Despite a minor increase in hydroelectric capacity in 2019, the country added 4.17 GW (the second-highest addition behind Brazil) in 2019. The biggest hydroelectric projects built-in 2019 were Wunonglong (900 MW), Dahuaqiao (920 MW), and Fengman Reconstruction Project (200 MW). In 2019, hydropower accounted for almost 43% of the country's installed renewable energy. In 2019, hydropower contributed to around 17% of China's total power generating mix.

Furthermore, in March 2019, the Indian government announced a series of policies to encourage the growth of hydropower, including the designation of big hydropower (>25MW) as a renewable energy source. This change is intended to allow new, substantial projects to take advantage of the non-solar renewable purchase requirement, which requires regional companies to buy hydropower for a percentage of their electricity.

Value Chain Analysis

According to the reports, hydropower plants are segmented on the basis of small-, large-, micro-, and pico-hydro plants based on their power generating capacity. Large hydropower plants are those that can generate more than 30 MW of energy. Small hydropower plants typically have capacities ranging from 100KW to 30 MW, whilst micro-and pico-plants have power generating capabilities of less than 100 KW. Micro and pico hydropower facilities, which have capacities ranging from 100 KW to 30 MW, are commonly constructed in distant places to provide a decentralized supply of electricity. The sector of big hydropower plants leads by a significant margin in terms of installed capacity across the world. Large hydropower facilities have been operating for more than three decades in a variety of locations across the world and are projected to continue to contribute a major share of the world's total hydropower generating capacity.

Pumped storage facilities, diversion plants, and impoundment plants are the most frequent types of large hydropower plants. Pumped storage and impoundment facilities are among the most popular hydropower plants in the world, and they need the building of a reservoir or dam. Diversion plants are becoming one of the most popular hydropower technologies since they do not need the building of a reservoir. This is because the construction of impoundment and pumped storage reservoirs necessitate significant capital investment, significant complications during reintegration and displacement of affected stakeholders, and significant pollution during construction, none of which are required to operate diversion plants.

Segmentation Overview

The market is segmented on the basis of small-, large-, micro-, pico-hydro plants, and regions. The global market trends are expected to witness decent growth during the forecast period.

By Application

Based on the application, the market is segmented into power generating capacity.

By end-users

Based on the propulsion types, the market is segmented into small-, large-, micro-, and pico-hydro plants.

Regional Analysis

According to the reports, on the basis of region, the global market is divided into North America, Europe, Asia Pacific, and the Middle East and Africa. In recent years, the Asia-Pacific region has dominated the market share, and this trend is expected to continue over the projected period. As of 2019, China is the world's largest hydropower producer, with almost 27.2 percent of the world's installed hydroelectric capacity. China, Brazil, the United States, Canada, India, and Japan are the leading countries in the world when it comes to large-scale hydropower projects. During the projection period, the big hydropower segment is anticipated to be driven by factors such as a trend toward cleaner energy and efforts to enhance the percentage of renewable energy in the total power production mix in all of the world's major established and rising nations.

Aside from the big hydroelectric countries, smaller Southeast Asian countries are also making significant progress in massive hydropower development. The growing demand for energy to strengthen the Mekong economy has piqued the attention of riparian countries in hydroelectric power. The region's considerable investment in hydroelectric plants over the previous few decades demonstrates this.

Report Overview

The following report comprises of –

  •         Market overview 

  •         Covid 19 Analysis

  •         Market Dynamic

  •         Drivers

  •         Opportunities

  •         Restraints 

  •         Challenges

  •         Cumulative Growth Analysis

  •         Value Chain Analysis

  •         Segmentation Overview 

  •         By Application 

  •         By End-Users

  •         Regional Analysis

  •         Competitive landscape

Recent Development

  •         Axpo stated in October 2020 that repairs, inspections, and upkeep of Kraftwerke Sarganserland power plants will be performed digitally rather than analogically. The first digital hydropower plant in Switzerland takes a 360-degree approach and incorporates fully integrated digital operations.

  •         The Concession Agreement for the 600 MW Kholongchhu (Joint Venture) Hydroelectric Project between Bhutan and India will be signed in June 2020. This is the first time the two countries have collaborated on a hydroelectric project. The 600 MW run-of-the-river project is located in Trashiyangtse District, Eastern Bhutan, on the lower channel of the Kholongchhu River. The proposal envisions a subterranean powerhouse with four 150 MW turbines and water contained by a 95-meter-high concrete gravity dam.

Hydropower market Segmentation

On the Basis of capacity

  •         Small

  •          Large

  •         Micro

  •          pico-hydro

On the basis of region

  •         North America

  •         Asia Pacific

  •         Europe

  •         Latin America

  •         The Middle East and Africa

Report Scope:
Report Attribute/Metric Details
  Market Size   2030: Significant Value
  CAGR   3% CAGR (2022-2030)
  Base Year   2021
  Forecast Period   2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Capacity
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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)
  Key Market Opportunities

  • Global initiatives to use more renewable
  • Non-conventional energy sources
  •   Key Market Drivers

  • High capacity utilization
  • Low levelised cost
  • Safety

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    Frequently Asked Questions (FAQ) :

    A 3% CAGR is expected to unlock the market’s potential in the upcoming period.

    A productive income level is estimated to created by the market.

    The Asia Pacific region is expected to have a considerable pull in the overall development of the market.

    The segments of region and capacity are estimated to create a comprehensive level of understanding of the market in the coming period.

    The high volume utilization factor is expected to modify the development trajectory of the market.

    Renewable, Low emissions, Reliable and Safe

    Hydropower plants capture the energy of falling water to generate electricity. A turbine converts the kinetic energy of falling water into mechanical energy. Then a generator converts the mechanical energy from the turbine into electrical energy.

    Because hydropower plants can generate power to the grid immediately, they provide essential back-up power during major electricity outages or disruptions. In addition to a sustainable fuel source, hydropower efforts produce a number of benefits, such as flood control, irrigation, and water supply.