Hydro power is the most cost-effective method of renewable power generation where electricity is generated by converting the kinetic energy of flowing water into electric current. It is one of the oldest sources of energy generation used since thousands of years ago. It is the world’s largest source of renewable power generation and with uses in over 100 countries, it accounts for nearly 20% of the world’s total electricity supply. Hydro power’s efficiency of conversion is around 90%. This is one of the highest among all the energy sources. Hydro power generation is extremely flexible and hence can provide stability to the future power needs.
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Even though the initial investment cost is high, the overall cost of hydro power is relatively low making it a viable source of energy for millions of people around the world. Its operational and maintenance costs are quite low making it an ideal investment proposition in case of power generation options.
Almost all the countries around the globe that have natural flowing water sources are using hydro power to produce electricity. Various private organizations work in sync with national governments on hydro power projects. Hydro power works on the principle of energy conversion. The kinetic energy of water is used to run turbines which in turn generate electricity.
Conventional sources of fuel are decreasing at an alarming rate. Hence, the global hydro power demand is expected to rise significantly in the upcoming years owing to rise in population and industrialization in the developing countries. Another reason for the rise in hydro power generation is because of its independence from gas and fuel.
It is a stable source of energy generation because of its immunity from raw material fluctuations. Hence, reliability, high power output, long operating life and low maintenance & operation cost are some of the salient features which will drive the hydropower market in the future.
On the other hand, the disruption in habitat and resettlement of communities is proving to be a big hurdle in the expansion of hydropower market. High initial investments along with high gestation periods are also constraining the market to reach its full potential.
The hydro power market is segmented either on the basis of capacity or on the basis of region. On the basis of capacity, the market is further sub-segmented into: –
Micro-hydro power plants (Capacity less than 100 KW)
Small hydro power plants (Capacity between 100 KW and 30 MW)
Large hydro power plants (Capacity more than 30 MW)
On the basis of type of capacity, the market is further sub-segmented into North America, Europe, Asia Pacific, and the Middle East and Africa.
The major boost in investment in the hydro power sectorin the nearby future will be mainlyfrom three countries namely India, China, and Brazil. In terms of individual countries, currently, China is leading the way. USA and Europe are also focusing heavily on hydro power sector to meet their reduced carbon standards.
As conventional sources of energy have become expensive due to the depleting supply of resources, it has become essential to explore renewable energy sources. Following this, government policies have become more favourable to encourage investments in hydro power sector from both public as well as private players.
The collective effect of the ever-growing energy demandis expected to drive the market at an exponential rate.Big industry players are opting for mergers and acquisitions to expand their market share across the globe to capture the opportunities present in the market.
Some of the key players in the global hydro power market are RusHydro, Vattenfall AB, and Alstom SA.
Report Contents Regional Analysis Report Highlights
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market – Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
US and Canada
Mexico, Brazil, Argentina and Rest of Latin America
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Rest of Eastern Europe
Australia and New Zealand
Rest of Asia Pacific
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Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage
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