水力发电市场 - 全球产业规模、份额、趋势、机会和预测，按类型、容量、组成部分、最终用户、地区、竞争细分，2018-2028

2022 年全球水力发电市场价值为 2,200.8 亿美元，预计在预测期内将强劲成长，到 2028 年CAGR为 5.19%。

水力发电市场是指涵盖流水动能发电、配电和利用的全球产业。它围绕着利用水的力量（通常以河流、水坝和水库的形式）来产生可再生和可持续的能源。

水力发电是最古老和最广泛采用的发电方法之一，其悠久的历史可以追溯到几个世纪前。它涉及通过涡轮机和发电机将水的势能转化为电能。水力发电计画规模各异，从服务当地社区的小型设施到向整个地区供电的大型多兆瓦设施。

市场概况
预测期	2024-2028
2022 年市场规模	2200.8亿美元
2028 年市场规模	3130.5亿美元
2023-2028 年CAGR	5.19%
成长最快的细分市场	公用事业
最大的市场	亚太

水电市场的主要组成部分包括：

鱼类洄游和通过：

水力发电的关键生态挑战之一是对鱼类洄游的影响。水坝会阻止鱼类到达产卵场，这会对鱼类族群产生不利影响。为了应对这项挑战，正在开发对鱼类友善的涡轮机设计和鱼类通道系统，但改造现有水坝可能成本高且复杂。

平衡能源生产和生态系统保护：

平衡清洁能源发电的需求与保护自然生态系统是水力发电产业持续面临的挑战。要实现这种平衡需要仔细的规划、创新的技术和适应性的管理策略。

应对全球水力发电市场的这些环境和生态挑战需要采取全面的方法来考虑水力发电项目的生态和社会影响。各国政府、专案开发商和环保组织越来越多地共同努力寻找解决方案，最大限度地减少对生态系统的危害，同时最大限度地提高清洁能源生产的效益。

基础建设老化与改造

全球水力发电市场的另一个重大挑战是现有水力发电设施基础设施老化。许多水力发电厂是几十年前建造的，现在需要升级和现代化，以保持其效率和可靠性。改造这些设施带来了技术和财务挑战。

老化的涡轮机和设备：

主要的技术挑战之一是涡轮机、发电机和其他关键设备的老化。随着时间的推移，这些组件会出现磨损，导致效率降低和维护需求增加。更换或翻新涡轮机和发电机可能是一个复杂且成本高昂的过程。

环境合规性和监管更新：

随着环境法规的发展以解决与水力发电相关的生态问题，旧设施可能需要进行改造才能满足现代环境标准。这可能涉及实施鱼道系统、改善品质管理和加强沉积物控制措施。

平衡改造成本与能源生产：

财务挑战之一是平衡改造成本与能源产量和收入的预期成长。改造项目可能需要大量投资，并且可能需要几年时间才能透过增加发电量和提高效率来收回这些成本。

基础设施復原力与气候调适：

面对不断变化的气候条件，水力发电设施必须增强抵御洪水和干旱等极端天气事件的能力。为了提高弹性而进行的改造可能会增加额外的成本和工程复杂性。

为了应对全球水力发电市场基础设施​​老化和改造的挑战，政府、公用事业公司和专案开发商越来越多地投资于现代化工作。这些努力包括采用先进技术、改进维护实践以及遵守不断变化的环境法规。改造专案对于延长现有水力发电资产的使用寿命并确保其持续为清洁能源发电做出贡献至关重要。

细分市场洞察

100兆瓦以上洞察

100 兆瓦以上细分市场在 2022 年拥有最大的市场份额，并预计在预测期内保持这一份额。大型水力发电厂受益于规模经济，这意味着随着电站容量的增加，每单位发电的成本往往会下降。这使得较大的项目在经济上具有吸引力。大坝建设和其他基础设施所需的大量前期投资可以透过大型专案的大量能源产出和收入潜力来证明。

容量超过100兆瓦的水力发电厂通常提供稳定可靠的能源供应。它们非常适合基本负载发电，这意味着它们可以连续运作以满足一个地区的最低​​能源需求。这种可靠性对于支持电网和确保稳定的电力供应至关重要，这在能源需求高的地区尤其有价值。

大型水力发电厂对电网稳定发挥至关重要的作用。它们可以快速响应电力需求的变化，为电网营运商提供平衡供需的宝贵工具。快速提高或降低发电量的能力有助于在风能和太阳能等再生能源出现波动时稳定电网。

一些大型水力发电厂，例如抽水蓄能水力发电厂，具有储能能力。它们可以在需求低的时期储存多余的能量，并在需求高的时候释放它，充当电网的虚拟电池。随着电网采用更多间歇性再生能源，储能变得越来越重要。

大型水力发电厂具有产生大量电力的潜力，这可以为专案开发商和公用事业公司带来更高的收入。从长远来看，大量的能源产出可以抵消初始资本投资和营运成本。

一些地区地形、水资源条件优越，非常适合开发大型水力发电专案。这些项目可以利用河流的自然水流并建造大量水库来储存水以用于发电。虽然大型水坝和水库的建设会对环境产生影响，但与众多小型专案相比，它们通常被认为更易于管理。

公用事业洞察

公用事业领域在 2022 年拥有最大的市场份额，预计在预测期内将经历快速成长。公用事业公司负责满足庞大且多样化的客户群的电力需求，包括住宅、商业和工业消费者。为了满足如此庞大的需求，公用事业公司需要具有大量发电能力的电源。大型水力发电厂通常超过 100 兆瓦，可提供必要的规模来有效满足公用事业的电力需求。许多水力发电厂，特别是那些容量较大的水力发电厂，能够提供基本负载电力。基载电源对于公用事业至关重要，因为它们可以连续运作以满足最低电力需求，确保稳定可靠的电力供应。水力发电作为基本负载电力的能力补充了风能和太阳能等其他间歇性再生能源。大型水力发电厂对电网的稳定性和可靠性做出了重大贡献。它们可以快速响应电力需求的波动，帮助公用事业公司平衡电网的供需。这种能力对于维持稳定和有弹性的电力基础设施至关重要，特别是在再生能源可变的地区。水力发电基础设施（包括水坝、水库和输电线路）的开发和维护通常需要大量资本投资。公用事业公司凭藉其财务资源和长期规划能力，非常适合进行此类投资。这些投资确保了水力发电设施的可靠运作以及向消费者提供电力。许多公用事业公司正在积极努力实现能源组合多元化并增加再生能源的份额。水力发电被认为是一种可靠且成熟的可再生能源，符合永续发展目标和监管要求。其稳定的发电能力使其成为旨在减少碳足迹的公用事业公司的有吸引力的选择。在各个地区，政府和监管机构经常透过优惠政策、补贴和再生能源目标来激励公用事业公司投资水力发电等再生能源。这些政策鼓励公用事业公司优先开发和扩大水力发电计画。几十年来，水力发电一直是发电的主要来源，而公用事业公司历来在水力发电的发展中发挥核心作用。水力发电在公用事业组合中的长期存在巩固了其作为该领域主导能源的地位。

.区域洞察

亚太地区

亚太地区是最大的水力发电市场，占全球市场份额的40%以上。中国是世界上最大的水力发电国，其次是印度和巴西。

亚太地区水力发电市场的成长受到多种因素的推动，包括：

经济快速成长：亚太地区经济快速成长，导致能源需求增加。水力发电非常适合满足这种不断增长的需求，因为它是一种大规模且可靠的能源。

政府支持：亚太地区各国政府正在提供财政和监管支持，以促进包括水力发电在内的再生能源的发展。这种支持有助于降低水力发电项目的成本，使其对投资者更具吸引力。

丰富的水能资源：亚太地区水能资源丰富。这是由于该地区的山区和大河流。

北美洲

北美是第二大水力发电市场。美国是该地区最大的水力发电国，其次是加拿大。

北美水电市场的成长受到多种因素的推动，包括：

对再生能源的需求不断增长：由于对气候变迁的担忧和减少温室气体排放的需要，北美对再生能源的需求不断增长。水力发电是清洁、可靠的再生能源。

政府支持：北美各国政府正在提供财政和监管支持，以促进包括水力发电在内的再生能源的发展。这种支持有助于降低水力发电项目的成本，使其对投资者更具吸引力。

老化的水力发电基础设施：北美大部分的水力发电基础设施都在老化，需要更换或升级。这为新水力发电项目创造了机会。

目录

第 1 章：产品概述

• 市场定义
• 市场范围
  • 涵盖的市场
  • 考虑学习的年份
• 主要市场区隔

第 2 章：研究方法

• 研究目的
• 基线方法
• 范围的製定
• 假设和限制
• 研究来源
  • 二次研究
  • 初步研究
• 市场研究方法
  • 自下而上的方法
  • 自上而下的方法
• 计算市场规模和市场份额所遵循的方法
• 预测方法
  • 数据三角测量与验证

第 3 章：执行摘要

第 4 章：客户之声

第五章：全球水力发电市场展望

• 市场规模及预测
  • 按价值
• 市占率及预测
  • 依类型（小型水力发电、微型水力发电），
  • 按容量（100MW以上、10MW以下、其他），
  • 依组成部分（土木建筑、机电设备、电力、电力基础设施、其他），
  • 按最终用户（工业、公用事业、其他）
  • 按地区
  • 按公司划分 (2022)
• 市场地图

第 6 章：北美水力发电市场展望

• 市场规模及预测
  • 按价值
• 市占率及预测
  • 按类型
  • 按容量分类
  • 按组件
  • 按最终用户
  • 按国家/地区
• 北美：国家分析
  • 美国
  • 加拿大
  • 墨西哥

第 7 章：欧洲水力发电市场展望

• 市场规模及预测
  • 按价值
• 市占率及预测
  • 按类型
  • 按容量分类
  • 按组件
  • 按最终用户
  • 按国家/地区
• 欧洲：国家分析
  • 德国
  • 英国
  • 义大利
  • 法国
  • 西班牙

第 8 章：亚太水力发电市场展望

• 市场规模及预测
  • 按价值
• 市占率及预测
  • 按类型
  • 按容量分类
  • 按组件
  • 按最终用户
  • 按国家/地区
• 亚太地区：国家分析
  • 中国
  • 印度
  • 日本
  • 韩国
  • 澳洲

第 9 章：南美洲水电市场展望

• 市场规模及预测
  • 按价值
• 市占率及预测
  • 按类型
  • 按容量分类
  • 按组件
  • 按最终用户
  • 按国家/地区
• 南美洲：国家分析
  • 巴西
  • 阿根廷
  • 哥伦比亚

第10章：中东和非洲水力发电市场展望

• 市场规模及预测
  • 按价值
• 市占率及预测
  • 按类型
  • 按容量分类
  • 按组件
  • 按最终用户
  • 按国家/地区
• MEA：国家分析
  • 南非水力发电
  • 沙乌地阿拉伯水力发电
  • 阿联酋水力发电
  • 科威特水电
  • 土耳其水力发电

第 11 章：市场动态

第 12 章：市场趋势与发展

第13章：竞争格局

• 中国三峡总公司
  • Business Overview
  • Key Revenue and Financials
  • Recent Developments
  • Key Personnel/Key Contact Person
  • Key Product/Services Offered
• 国家电力公司
  • Business Overview
  • Key Revenue and Financials
  • Recent Developments
  • Key Personnel/Key Contact Person
  • Key Product/Services Offered
• 通用电气再生能源公司
  • Business Overview
  • Key Revenue and Financials
  • Recent Developments
  • Key Personnel/Key Contact Person
  • Key Product/Services Offered
• 福伊特集团
  • Business Overview
  • Key Revenue and Financials
  • Recent Developments
  • Key Personnel/Key Contact Person
  • Key Product/Services Offered
• 安德瑞兹股份公司
  • Business Overview
  • Key Revenue and Financials
  • Recent Developments
  • Key Personnel/Key Contact Person
  • Key Product/Services Offered
• 西门子能源公司
  • Business Overview
  • Key Revenue and Financials
  • Recent Developments
  • Key Personnel/Key Contact Person
  • Key Product/Services Offered
• 阿尔斯通控股
  • Business Overview
  • Key Revenue and Financials
  • Recent Developments
  • Key Personnel/Key Contact Person
  • Key Product/Services Offered
• ABB有限公司
  • Business Overview
  • Key Revenue and Financials
  • Recent Developments
  • Key Personnel/Key Contact Person
  • Key Product/Services Offered
• 日立有限公司
  • Business Overview
  • Key Revenue and Financials
  • Recent Developments
  • Key Personnel/Key Contact Person
  • Key Product/Services Offered
• 东芝公司
  • Business Overview
  • Key Revenue and Financials
  • Recent Developments
  • Key Personnel/Key Contact Person
  • Key Product/Services Offered

第 14 章：策略建议

第 15 章：关于我们与免责声明

Global Hydropower Market has valued at USD 220.08 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 5.19% through 2028.

The hydropower market refers to the global industry encompassing the generation, distribution, and utilization of electricity produced from the kinetic energy of flowing water. It revolves around harnessing the power of water, typically in the form of rivers, dams, and reservoirs, to generate renewable and sustainable energy.

Hydropower is one of the oldest and most widely adopted methods of electricity generation, with a rich history dating back centuries. It involves the conversion of water's potential energy into electrical energy through turbines and generators. Hydropower projects vary in size, from small-scale installations serving localized communities to large, multi-megawatt facilities supplying power to entire regions.

Market Overview
Forecast Period	2024-2028
Market Size 2022	USD 220.08 Billion
Market Size 2028	USD 313.05 Billion
CAGR 2023-2028	5.19%
Fastest Growing Segment	Utility
Largest Market	Asia-Pacific

Key components of the hydropower market include:

Hydropower Plants: These facilities are designed to capture the energy of moving water and convert it into electricity. They can be categorized into various types, such as run-of-river, reservoir, and pumped storage hydropower plants, each with its unique characteristics and applications.

Infrastructure: Hydropower projects often require extensive infrastructure, including dams, penstocks, turbines, generators, and transmission lines, to efficiently deliver electricity to consumers.

End-Users: The electricity generated by hydropower is distributed to various end-users, including residential, commercial, industrial, and utility sectors, contributing to the diversification of energy sources and meeting growing electricity demands.

Environmental Considerations: The hydropower market is increasingly focused on minimizing environmental impacts, such as habitat disruption and water resource management, while maximizing energy production and efficiency.

Policy and Regulation: Government policies, incentives, and regulatory frameworks influence the growth and development of the hydropower market, promoting renewable energy adoption, environmental sustainability, and grid integration.

The hydropower market continues to evolve, driven by a global shift toward renewable energy sources, energy security concerns, and efforts to reduce greenhouse gas emissions. It plays a vital role in addressing the world's growing energy needs while contributing to environmental sustainability and climate change mitigation.

Key Market Drivers

Renewable Energy Transition and Decarbonization Efforts

The global hydropower market is being driven by the worldwide transition toward renewable energy sources and ambitious decarbonization goals. As countries seek to reduce their reliance on fossil fuels and mitigate the impacts of climate change, hydropower stands out as a clean and sustainable energy option. It produces electricity without emitting greenhouse gases, making it a crucial component of clean energy portfolios.

Governments and organizations worldwide are setting targets to increase the share of renewable energy in their energy mix. For instance, the European Union aims to achieve 32% renewable energy consumption by 2030. Hydropower plays a pivotal role in helping nations meet these targets, making it a driver of growth in the global market.

The integration of hydropower into national energy strategies is further supported by international agreements like the Paris Agreement, which encourages countries to reduce their carbon emissions. As nations work to fulfill their commitments under such agreements, the development of new hydropower projects and the modernization of existing ones become paramount drivers in the global hydropower market.

Energy Security and Diversification of Energy Sources

Energy security is a critical driver in the global hydropower market, especially in regions where dependence on fossil fuels or energy imports poses significant risks. Hydropower provides a reliable and domestically sourced energy supply, reducing vulnerability to energy price fluctuations and supply disruptions.

Countries view hydropower as a means to diversify their energy sources and reduce their dependence on imported fossil fuels, enhancing their energy security. Hydropower projects, both large and small, contribute to a stable energy supply, which is essential for economic growth and national security.

In addition, hydropower's ability to provide energy storage through pumped storage hydroelectric plants adds to its significance in maintaining grid stability and ensuring a consistent power supply, particularly in areas prone to extreme weather events or geopolitical tensions.

Economic Development and Job Creation

The development of hydropower projects generates substantial economic benefits, including job creation and infrastructure development. These projects typically require a significant workforce for construction, operation, and maintenance, providing employment opportunities in both urban and rural areas.

Hydropower investments stimulate local economies by supporting industries such as construction, manufacturing, and services. Additionally, hydropower projects often lead to the development of new infrastructure, including roads, transmission lines, and water management systems, which can have positive ripple effects on regional development.

For many developing countries, hydropower projects represent a source of revenue and foreign investment, helping to finance other critical infrastructure projects and improve overall living standards. As such, the economic development potential of hydropower is a compelling driver for its growth on a global scale.

Technological Advancements and Innovation

Technological advancements are driving the global hydropower market by enhancing the efficiency and environmental sustainability of hydropower generation. Innovations in turbine design, materials, and control systems have led to increased energy output and reduced environmental impacts.

For instance, advanced fish-friendly turbine designs and fish passage technologies have mitigated the environmental impact on aquatic ecosystems, addressing a key concern associated with traditional hydropower dams. Additionally, the integration of digital technologies, such as artificial intelligence and remote monitoring, has improved the operational efficiency and reliability of hydropower facilities.

Pumped storage hydroelectric plants are benefiting from advancements in energy storage technologies, contributing to grid stability by efficiently storing and releasing electricity during peak demand periods. These technological innovations drive investments in the hydropower sector and make it a more competitive option in the global energy landscape.

Climate Resilience and Adaptation

Hydropower's role in climate resilience and adaptation is becoming increasingly critical as the world faces more frequent and severe climate-related challenges, such as droughts and extreme weather events. Hydropower infrastructure, including dams and reservoirs, can provide water storage and flood control capabilities, helping communities manage and adapt to changing climate conditions. In regions with water scarcity, hydropower projects are often designed to prioritize water resource management, ensuring a reliable water supply for agriculture, drinking water, and energy generation. These adaptations enhance the resilience of communities to climate-related risks.

Furthermore, hydropower contributes to reducing greenhouse gas emissions by displacing fossil fuel-based power generation, thus aligning with climate adaptation and mitigation strategies at both national and international levels. This climate resilience and mitigation potential make hydropower an essential driver in the global effort to combat climate change.

Grid Integration and Energy Transition

Hydropower plays a vital role in integrating intermittent renewable energy sources, such as wind and solar, into the electricity grid. Its ability to provide baseload power and grid stability complements the variability of renewables, ensuring a reliable electricity supply.

As countries increase their reliance on intermittent renewables to meet their clean energy targets, the need for flexible energy sources like hydropower grows. Hydropower can quickly respond to fluctuations in electricity demand, making it an ideal partner for wind and solar power.

Moreover, the flexibility of hydropower allows for the rapid adjustment of output, which is valuable in managing grid stability during sudden changes in supply and demand. This capability is especially relevant as more nations aim to achieve high levels of renewable energy penetration.

In conclusion, the global hydropower market is driven by a combination of factors, including the transition to renewable energy, energy security, economic development, technological advancements, climate resilience, and its role in grid integration. As the world seeks sustainable and reliable energy solutions, hydropower continues to be a crucial player in meeting these challenges and achieving a cleaner, more secure energy future.

Government Policies are Likely to Propel the Market

Renewable Portfolio Standards (RPS)

Renewable Portfolio Standards (RPS), also known as Renewable Energy Standards (RES) or Renewable Energy Portfolio Standards (REPS), are a prominent policy driver in the global hydropower market. These policies require utilities and energy providers to generate a specific percentage of their electricity from renewable sources, including hydropower.

RPS policies vary from country to country and state to state, but they all share the goal of promoting clean energy production. Hydropower, as a reliable and established renewable energy source, often plays a significant role in helping regions meet their RPS targets. Governments set specific benchmarks and timelines for increasing the share of renewables in the energy mix, spurring investment in new hydropower projects and the modernization of existing ones.

One example is the U.S., where various states have implemented RPS policies, each with its own targets and compliance mechanisms. These policies incentivize the growth of hydropower capacity, ensuring a steady market for this clean energy source.

Feed-in Tariffs (FiTs)

Feed-in Tariffs (FiTs) are another effective government policy that promotes the growth of the global hydropower market. Under FiT programs, governments offer fixed, premium rates for electricity generated from renewable sources, guaranteeing long-term contracts to renewable energy producers, including hydropower facilities.

FiTs provide stable and attractive returns on investment for hydropower project developers and investors. These policies are particularly beneficial for smaller-scale hydropower projects that may face financial uncertainties without such incentives. By offering favorable pricing structures, governments encourage the development of both large and small hydropower projects, contributing to the diversification of the energy mix.

Germany is known for its successful FiT program, which has driven significant growth in renewable energy capacity, including hydropower. Other countries, including Spain and Japan, have also implemented FiTs to stimulate investment in clean energy sources.

Tax Incentives and Investment Credits

Tax incentives and investment credits are essential government policies that provide financial benefits to hydropower project developers and investors. These incentives help offset the initial capital costs of constructing and upgrading hydropower facilities, making these projects more financially viable.

Common tax incentives include Investment Tax Credits (ITCs) and Production Tax Credits (PTCs). ITCs provide a percentage-based reduction in the upfront cost of building new hydropower plants or modernizing existing ones. PTCs offer tax credits for each megawatt-hour of electricity generated from qualifying renewable sources, including hydropower.

In the United States, the federal government has utilized both ITCs and PTCs to encourage investment in renewable energy projects, boosting the growth of the hydropower sector.

Environmental Regulations and Licensing Processes

Environmental regulations and licensing processes play a pivotal role in shaping the global hydropower market. Governments implement stringent regulations to ensure the responsible development and operation of hydropower projects, safeguarding the environment and aquatic ecosystems.

These regulations mandate comprehensive environmental impact assessments (EIAs) and require project developers to implement measures for mitigating ecological disturbances. For example, fish-friendly turbine designs and fish passage systems are often required to protect aquatic life during hydropower operations.

Governments also establish licensing processes that involve public consultation, permitting, and compliance with environmental standards. These processes provide a framework for assessing the feasibility and sustainability of hydropower projects while addressing stakeholder concerns.

The licensing and regulatory frameworks differ by country and region, but they all aim to strike a balance between energy development and environmental protection. By ensuring responsible hydropower development, governments facilitate the growth of the sector while maintaining environmental integrity.

Incentives for Small and Micro Hydropower

To encourage the development of small and micro hydropower projects, many governments implement specific incentives and policies tailored to these scales of facilities. Small and micro hydropower are often considered ideal for rural electrification, off-grid communities, and decentralized energy generation.

Government policies for small and micro hydropower may include grants, subsidies, preferential tariffs, and simplified permitting processes. These incentives make it more financially feasible for local communities and small enterprises to invest in hydropower projects, contributing to regional development and energy access.

In India, for example, the Ministry of New and Renewable Energy (MNRE) has implemented various programs and incentives to promote small hydropower projects and electrify remote areas.

Hydropower Research and Development Funding

Government funding for hydropower research and development (R&D) is a critical policy driver that fosters innovation and technological advancements in the sector. By allocating resources to R&D initiatives, governments support the development of more efficient and environmentally friendly hydropower technologies.

These R&D efforts focus on various aspects of hydropower, including turbine design, fish passage systems, sediment management, and grid integration. The goal is to enhance the performance and sustainability of hydropower projects while minimizing environmental impacts.

In the United States, the Department of Energy's Water Power Technologies Office provides funding for research projects aimed at advancing hydropower technologies. This funding promotes innovation and helps hydropower remain a competitive and viable clean energy source in the face of evolving energy challenges.

In conclusion, government policies play a pivotal role in driving the global hydropower market by promoting renewable energy adoption, offering financial incentives, regulating environmental aspects, supporting small-scale projects, and funding research and development. These policies collectively contribute to the sustainable growth of the hydropower sector as a clean and reliable source of electricity.

Key Market Challenges

Environmental and Ecological Concerns

One of the foremost challenges facing the global hydropower market is the significant environmental and ecological impact associated with the construction and operation of hydropower projects. While hydropower is a renewable and low-carbon energy source, it can have adverse effects on aquatic ecosystems, water quality, and local habitats. These concerns have led to increased scrutiny and opposition to new hydropower developments.

Habitat Disruption and Species Impacts:

Hydropower projects often involve the construction of dams and reservoirs, which can alter river and aquatic habitats. The flooding of large areas for reservoirs can submerge terrestrial ecosystems, displacing wildlife and altering natural migration patterns for fish species. Many fish species, such as salmon and trout, rely on free-flowing rivers to spawn, and the presence of dams can disrupt their life cycles.

Water Quality and Sediment Management:

Reservoirs formed by hydropower dams can trap sediment and alter natural sediment transport in rivers. This can lead to downstream erosion and adversely affect aquatic ecosystems. Additionally, stagnant water in reservoirs can result in water quality issues, such as increased nutrient levels and algal blooms, which can harm aquatic life.

Fish Migration and Passage:

One of the critical ecological challenges of hydropower is the impact on fish migration. Dams can block fish from reaching their spawning grounds, which can have detrimental effects on fish populations. To address this challenge, fish-friendly turbine designs and fish passage systems are being developed, but retrofitting existing dams can be costly and complex.

Balancing Energy Production and Ecosystem Conservation:

Balancing the need for clean energy generation with the conservation of natural ecosystems is a persistent challenge in the hydropower sector. Striking this balance requires careful planning, innovative technologies, and adaptive management strategies.

Addressing these environmental and ecological challenges in the global hydropower market necessitates a holistic approach that considers the ecological and social impacts of hydropower projects. Governments, project developers, and environmental organizations are increasingly working together to find solutions that minimize harm to ecosystems while maximizing the benefits of clean energy production.

Aging Infrastructure and Retrofitting

Another significant challenge in the global hydropower market is the aging infrastructure of existing hydropower facilities. Many hydropower plants were constructed several decades ago and are now in need of upgrades and modernization to maintain their efficiency and reliability. Retrofitting these facilities poses both technical and financial challenges.

Aging Turbines and Equipment:

One of the primary technical challenges is the aging of turbines, generators, and other critical equipment. Over time, these components experience wear and tear, leading to reduced efficiency and increased maintenance needs. Replacing or refurbishing turbines and generators can be a complex and costly process.

Environmental Compliance and Regulatory Updates:

As environmental regulations evolve to address ecological concerns associated with hydropower, older facilities may need to undergo retrofits to meet modern environmental standards. This can involve implementing fish passage systems, improving water quality management, and enhancing sediment control measures.

Balancing Retrofit Costs with Energy Production:

One of the financial challenges is balancing the costs of retrofitting with the expected increase in energy production and revenue. Retrofit projects can require substantial investments, and it may take several years to recoup these costs through increased energy generation and efficiency gains.

Infrastructure Resilience and Climate Adaptation:

In the face of changing climate conditions, hydropower facilities must be made more resilient to extreme weather events, including floods and droughts. Retrofitting to improve resilience can add additional costs and engineering complexity.

To address the challenges of aging infrastructure and retrofitting in the global hydropower market, governments, utility companies, and project developers are increasingly investing in modernization efforts. These efforts include the adoption of advanced technologies, improved maintenance practices, and compliance with evolving environmental regulations. Retrofit projects are essential for extending the lifespan of existing hydropower assets and ensuring their continued contribution to clean energy generation.

Segmental Insights

Above 100 MW Insights

The Above 100 MW segment had the largest market share in 2022 & expected to maintain it in the forecast period. Large hydropower plants benefit from economies of scale, which means that as the capacity of a plant increases, the cost per unit of electricity generated tends to decrease. This makes larger projects financially attractive. The significant upfront investment required for dam construction and other infrastructure can be justified by the substantial energy output and revenue potential of large-scale projects.

Hydropower plants with capacities above 100 MW typically provide a stable and reliable energy supply. They are well-suited for baseload power generation, meaning they can run continuously to meet the minimum energy demand of a region. This reliability is essential for supporting the grid and ensuring a consistent power supply, which is especially valuable in regions with high energy demand.

Large hydropower plants play a crucial role in grid stability. They can quickly respond to changes in electricity demand, providing grid operators with a valuable tool to balance supply and demand. The ability to ramp up or down power production swiftly helps stabilize the grid during fluctuations in renewable energy sources like wind and solar.

Some large-scale hydropower plants, such as pumped storage hydroelectric plants, offer energy storage capabilities. They can store excess energy during periods of low demand and release it when demand is high, acting as virtual batteries for the grid. Energy storage is increasingly important as the grid incorporates more intermittent renewable energy sources.

Large hydropower plants have the potential to generate a significant amount of electricity, which translates into higher revenue for project developers and utilities. The substantial energy output can offset the initial capital investment and operational costs over the long term.

Some regions with favorable topography and water resources are well-suited for the development of large hydropower projects. These projects can utilize the natural flow of rivers and create substantial reservoirs to store water for energy generation. While the construction of large dams and reservoirs can have environmental impacts, they are often considered more manageable when compared to numerous smaller-scale projects.

Utility Insights

The Utility segment had the largest market share in 2022 and is projected to experience rapid growth during the forecast period. Utilities are responsible for meeting the electricity needs of a large and diverse customer base, including residential, commercial, and industrial consumers. To serve such a significant demand, utilities require power sources with substantial generating capacity. Large-scale hydropower plants, often exceeding 100 MW, provide the necessary scale to meet the electricity demand of utilities efficiently. Many hydropower plants, particularly those with higher capacities, are capable of providing baseload power. Baseload power sources are essential for utilities because they can operate continuously to meet the minimum electricity demand, ensuring a stable and reliable power supply. Hydropower's ability to function as baseload power complements other intermittent renewable sources like wind and solar. Large hydropower plants contribute significantly to grid stability and reliability. They can quickly respond to fluctuations in electricity demand, helping utilities balance supply and demand on the grid. This capability is vital for maintaining a stable and resilient electrical infrastructure, particularly in regions with variable renewable energy sources. The development and maintenance of hydropower infrastructure, including dams, reservoirs, and transmission lines, often require substantial capital investment. Utilities, with their financial resources and long-term planning capabilities, are well-suited to undertake such investments. These investments ensure the reliable operation of hydropower facilities and the delivery of electricity to consumers. Many utilities are actively working to diversify their energy portfolios and increase the share of renewable energy sources. Hydropower is considered a reliable and established renewable energy source that aligns with sustainability goals and regulatory requirements. Its consistent generation capacity makes it an attractive option for utilities aiming to reduce their carbon footprint. In various regions, governments and regulatory authorities often incentivize utilities to invest in renewable energy sources like hydropower through favorable policies, subsidies, and renewable energy targets. These policies encourage utilities to prioritize the development and expansion of hydropower projects. Hydropower has been a primary source of electricity generation for many decades, and utilities have historically played a central role in its development. The long-standing presence of hydropower in utility portfolios has solidified its position as a dominant energy source in this sector.

.Regional Insights

Asia Pacific

Asia Pacific is the largest market for hydropower, accounting for over 40% of the global market share. China is the largest hydropower producer in the world, followed by India and Brazil.

The growth of the hydropower market in Asia Pacific is being driven by a number of factors, including:

Rapid economic growth: The Asia Pacific region is experiencing rapid economic growth, which is leading to an increase in energy demand. Hydropower is well-suited to meet this growing demand, as it is a large-scale and reliable source of energy.

Government support: Governments in the Asia Pacific region are providing financial and regulatory support to promote the development of renewable energy, including hydropower. This support is helping to reduce the cost of hydropower projects and making them more attractive to investors.

Abundant hydropower resources: The Asia Pacific region has abundant hydropower resources. This is due to the region's mountainous regions and large rivers.

North America

North America is the second-largest market for hydropower. The United States is the largest hydropower producer in the region, followed by Canada.

The growth of the hydropower market in North America is being driven by a number of factors, including:

Increasing demand for renewable energy: There is a growing demand for renewable energy in North America, due to concerns about climate change and the need to reduce greenhouse gas emissions. Hydropower is a clean and reliable source of renewable energy.

Government support: Governments in North America are providing financial and regulatory support to promote the development of renewable energy, including hydropower. This support is helping to reduce the cost of hydropower projects and making them more attractive to investors.

Aging hydropower infrastructure: Much of the hydropower infrastructure in North America is aging and needs to be replaced or upgraded. This is creating opportunities for new hydropower projects.

Key Market Players

China Three Gorges Corporation

Statkraft AS.

GE Renewable Energy

Voith Group

Andritz AG

Siemens Energy AG

ALSTOM Holdings

ABB Ltd

Hitachi Ltd

Toshiba Corporation

Report Scope:

In this report, the Global Hydropower Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Hydropower Market, By Type:

• Mini Hydropower
• Micro Hydropower

Hydropower Market, By Capacity:

• Above 100 MW
• Under 10 MW
• Others

Hydropower Market, By Component:

• Civil Construction
• Electromechanical Equipment
• Electric
• Power Infrastructure
• Others

Hydropower Market, By End-User:

• Industrial
• Utility
• Others

Hydropower Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia-Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE
• Kuwait
• Turkey

Competitive Landscape

• Company Profiles: Detailed analysis of the major companies present in the Global Hydropower Market.

Available Customizations:

• Global Hydropower market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Table of Contents

1. Product Overview

• 1.1. Market Definition
• 1.2. Scope of the Market
  • 1.2.1. Markets Covered
  • 1.2.2. Years Considered for Study
• 1.3. Key Market Segmentations

2. Research Methodology

• 2.1. Objective of the Study
• 2.2. Baseline Methodology
• 2.3. Formulation of the Scope
• 2.4. Assumptions and Limitations
• 2.5. Sources of Research
  • 2.5.1. Secondary Research
  • 2.5.2. Primary Research
• 2.6. Approach for the Market Study
  • 2.6.1. The Bottom-Up Approach
  • 2.6.2. The Top-Down Approach
• 2.7. Methodology Followed for Calculation of Market Size & Market Shares
• 2.8. Forecasting Methodology
  • 2.8.1. Data Triangulation & Validation

3. Executive Summary

4. Voice of Customer

5. Global Hydropower Market Outlook

• 5.1. Market Size & Forecast
  • 5.1.1. By Value
• 5.2. Market Share & Forecast
  • 5.2.1. By Type (Mini Hydropower, Micro Hydropower),
  • 5.2.2. By Capacity (Above 100 MW, Under 10 MW, Others),
  • 5.2.3. By Component (Civil Construction, Electromechanical Equipment, Electric, Power Infrastructure, Others),
  • 5.2.4. By End-User (Industrial, Utility, Others)
  • 5.2.5. By Region
  • 5.2.6. By Company (2022)
• 5.3. Market Map

6. North America Hydropower Market Outlook

• 6.1. Market Size & Forecast
  • 6.1.1. By Value
• 6.2. Market Share & Forecast
  • 6.2.1. By Type
  • 6.2.2. By Capacity
  • 6.2.3. By Component
  • 6.2.4. By End-User
  • 6.2.5. By Country
• 6.3. North America: Country Analysis
  • 6.3.1. United States Hydropower Market Outlook
    • 6.3.1.1. Market Size & Forecast
      • 6.3.1.1.1. By Value
    • 6.3.1.2. Market Share & Forecast
      • 6.3.1.2.1. By Type
      • 6.3.1.2.2. By Capacity
      • 6.3.1.2.3. By Component
      • 6.3.1.2.4. By End-User
  • 6.3.2. Canada Hydropower Market Outlook
    • 6.3.2.1. Market Size & Forecast
      • 6.3.2.1.1. By Value
    • 6.3.2.2. Market Share & Forecast
      • 6.3.2.2.1. By Type
      • 6.3.2.2.2. By Capacity
      • 6.3.2.2.3. By Component
      • 6.3.2.2.4. By End-User
  • 6.3.3. Mexico Hydropower Market Outlook
    • 6.3.3.1. Market Size & Forecast
      • 6.3.3.1.1. By Value
    • 6.3.3.2. Market Share & Forecast
      • 6.3.3.2.1. By Type
      • 6.3.3.2.2. By Capacity
      • 6.3.3.2.3. By Component
      • 6.3.3.2.4. By End-User

7. Europe Hydropower Market Outlook

• 7.1. Market Size & Forecast
  • 7.1.1. By Value
• 7.2. Market Share & Forecast
  • 7.2.1. By Type
  • 7.2.2. By Capacity
  • 7.2.3. By Component
  • 7.2.4. By End-User
  • 7.2.5. By Country
• 7.3. Europe: Country Analysis
  • 7.3.1. Germany Hydropower Market Outlook
    • 7.3.1.1. Market Size & Forecast
      • 7.3.1.1.1. By Value
    • 7.3.1.2. Market Share & Forecast
      • 7.3.1.2.1. By Type
      • 7.3.1.2.2. By Capacity
      • 7.3.1.2.3. By Component
      • 7.3.1.2.4. By End-User
  • 7.3.2. United Kingdom Hydropower Market Outlook
    • 7.3.2.1. Market Size & Forecast
      • 7.3.2.1.1. By Value
    • 7.3.2.2. Market Share & Forecast
      • 7.3.2.2.1. By Type
      • 7.3.2.2.2. By Capacity
      • 7.3.2.2.3. By Component
      • 7.3.2.2.4. By End-User
  • 7.3.3. Italy Hydropower Market Outlook
    • 7.3.3.1. Market Size & Forecast
      • 7.3.3.1.1. By Value
    • 7.3.3.2. Market Share & Forecast
      • 7.3.3.2.1. By Type
      • 7.3.3.2.2. By Capacity
      • 7.3.3.2.3. By Component
      • 7.3.3.2.4. By End-User
  • 7.3.4. France Hydropower Market Outlook
    • 7.3.4.1. Market Size & Forecast
      • 7.3.4.1.1. By Value
    • 7.3.4.2. Market Share & Forecast
      • 7.3.4.2.1. By Type
      • 7.3.4.2.2. By Capacity
      • 7.3.4.2.3. By Component
      • 7.3.4.2.4. By End-User
  • 7.3.5. Spain Hydropower Market Outlook
    • 7.3.5.1. Market Size & Forecast
      • 7.3.5.1.1. By Value
    • 7.3.5.2. Market Share & Forecast
      • 7.3.5.2.1. By Type
      • 7.3.5.2.2. By Capacity
      • 7.3.5.2.3. By Component
      • 7.3.5.2.4. By End-User

8. Asia-Pacific Hydropower Market Outlook

• 8.1. Market Size & Forecast
  • 8.1.1. By Value
• 8.2. Market Share & Forecast
  • 8.2.1. By Type
  • 8.2.2. By Capacity
  • 8.2.3. By Component
  • 8.2.4. By End-User
  • 8.2.5. By Country
• 8.3. Asia-Pacific: Country Analysis
  • 8.3.1. China Hydropower Market Outlook
    • 8.3.1.1. Market Size & Forecast
      • 8.3.1.1.1. By Value
    • 8.3.1.2. Market Share & Forecast
      • 8.3.1.2.1. By Type
      • 8.3.1.2.2. By Capacity
      • 8.3.1.2.3. By Component
      • 8.3.1.2.4. By End-User
  • 8.3.2. India Hydropower Market Outlook
    • 8.3.2.1. Market Size & Forecast
      • 8.3.2.1.1. By Value
    • 8.3.2.2. Market Share & Forecast
      • 8.3.2.2.1. By Type
      • 8.3.2.2.2. By Capacity
      • 8.3.2.2.3. By Component
      • 8.3.2.2.4. By End-User
  • 8.3.3. Japan Hydropower Market Outlook
    • 8.3.3.1. Market Size & Forecast
      • 8.3.3.1.1. By Value
    • 8.3.3.2. Market Share & Forecast
      • 8.3.3.2.1. By Type
      • 8.3.3.2.2. By Capacity
      • 8.3.3.2.3. By Component
      • 8.3.3.2.4. By End-User
  • 8.3.4. South Korea Hydropower Market Outlook
    • 8.3.4.1. Market Size & Forecast
      • 8.3.4.1.1. By Value
    • 8.3.4.2. Market Share & Forecast
      • 8.3.4.2.1. By Type
      • 8.3.4.2.2. By Capacity
      • 8.3.4.2.3. By Component
      • 8.3.4.2.4. By End-User
  • 8.3.5. Australia Hydropower Market Outlook
    • 8.3.5.1. Market Size & Forecast
      • 8.3.5.1.1. By Value
    • 8.3.5.2. Market Share & Forecast
      • 8.3.5.2.1. By Type
      • 8.3.5.2.2. By Capacity
      • 8.3.5.2.3. By Component
      • 8.3.5.2.4. By End-User

9. South America Hydropower Market Outlook

• 9.1. Market Size & Forecast
  • 9.1.1. By Value
• 9.2. Market Share & Forecast
  • 9.2.1. By Type
  • 9.2.2. By Capacity
  • 9.2.3. By Component
  • 9.2.4. By End-User
  • 9.2.5. By Country
• 9.3. South America: Country Analysis
  • 9.3.1. Brazil Hydropower Market Outlook
    • 9.3.1.1. Market Size & Forecast
      • 9.3.1.1.1. By Value
    • 9.3.1.2. Market Share & Forecast
      • 9.3.1.2.1. By Type
      • 9.3.1.2.2. By Capacity
      • 9.3.1.2.3. By Component
      • 9.3.1.2.4. By End-User
  • 9.3.2. Argentina Hydropower Market Outlook
    • 9.3.2.1. Market Size & Forecast
      • 9.3.2.1.1. By Value
    • 9.3.2.2. Market Share & Forecast
      • 9.3.2.2.1. By Type
      • 9.3.2.2.2. By Capacity
      • 9.3.2.2.3. By Component
      • 9.3.2.2.4. By End-User
  • 9.3.3. Colombia Hydropower Market Outlook
    • 9.3.3.1. Market Size & Forecast
      • 9.3.3.1.1. By Value
    • 9.3.3.2. Market Share & Forecast
      • 9.3.3.2.1. By Type
      • 9.3.3.2.2. By Capacity
      • 9.3.3.2.3. By Component
      • 9.3.3.2.4. By End-User

10. Middle East and Africa Hydropower Market Outlook

• 10.1. Market Size & Forecast
  • 10.1.1. By Value
• 10.2. Market Share & Forecast
  • 10.2.1. By Type
  • 10.2.2. By Capacity
  • 10.2.3. By Component
  • 10.2.4. By End-User
  • 10.2.5. By Country
• 10.3. MEA: Country Analysis
  • 10.3.1. South Africa Hydropower Market Outlook
    • 10.3.1.1. Market Size & Forecast
      • 10.3.1.1.1. By Value
    • 10.3.1.2. Market Share & Forecast
      • 10.3.1.2.1. By Type
      • 10.3.1.2.2. By Capacity
      • 10.3.1.2.3. By Component
      • 10.3.1.2.4. By End-User
  • 10.3.2. Saudi Arabia Hydropower Market Outlook
    • 10.3.2.1. Market Size & Forecast
      • 10.3.2.1.1. By Value
    • 10.3.2.2. Market Share & Forecast
      • 10.3.2.2.1. By Type
      • 10.3.2.2.2. By Capacity
      • 10.3.2.2.3. By Component
      • 10.3.2.2.4. By End-User
  • 10.3.3. UAE Hydropower Market Outlook
    • 10.3.3.1. Market Size & Forecast
      • 10.3.3.1.1. By Value
    • 10.3.3.2. Market Share & Forecast
      • 10.3.3.2.1. By Type
      • 10.3.3.2.2. By Capacity
      • 10.3.3.2.3. By Component
      • 10.3.3.2.4. By End-User
  • 10.3.4. Kuwait Hydropower Market Outlook
    • 10.3.4.1. Market Size & Forecast
      • 10.3.4.1.1. By Value
    • 10.3.4.2. Market Share & Forecast
      • 10.3.4.2.1. By Type
      • 10.3.4.2.2. By Capacity
      • 10.3.4.2.3. By Component
      • 10.3.4.2.4. By End-User
      • 10.3.4.2.5.
  • 10.3.5. Turkey Hydropower Market Outlook
    • 10.3.5.1. Market Size & Forecast
      • 10.3.5.1.1. By Value
    • 10.3.5.2. Market Share & Forecast
      • 10.3.5.2.1. By Type
      • 10.3.5.2.2. By Capacity
      • 10.3.5.2.3. By Component
      • 10.3.5.2.4. By End-User

11. Market Dynamics

12. Market Trends & Developments

13. Competitive Landscape

• 13.1. China Three Gorges Corporation
  • 13.1.1. Business Overview
  • 13.1.2. Key Revenue and Financials
  • 13.1.3. Recent Developments
  • 13.1.4. Key Personnel/Key Contact Person
  • 13.1.5. Key Product/Services Offered
• 13.2. Statkraft AS.
  • 13.2.1. Business Overview
  • 13.2.2. Key Revenue and Financials
  • 13.2.3. Recent Developments
  • 13.2.4. Key Personnel/Key Contact Person
  • 13.2.5. Key Product/Services Offered
• 13.3. GE Renewable Energy
  • 13.3.1. Business Overview
  • 13.3.2. Key Revenue and Financials
  • 13.3.3. Recent Developments
  • 13.3.4. Key Personnel/Key Contact Person
  • 13.3.5. Key Product/Services Offered
• 13.4. Voith Group
  • 13.4.1. Business Overview
  • 13.4.2. Key Revenue and Financials
  • 13.4.3. Recent Developments
  • 13.4.4. Key Personnel/Key Contact Person
  • 13.4.5. Key Product/Services Offered
• 13.5. Andritz AG
  • 13.5.1. Business Overview
  • 13.5.2. Key Revenue and Financials
  • 13.5.3. Recent Developments
  • 13.5.4. Key Personnel/Key Contact Person
  • 13.5.5. Key Product/Services Offered
• 13.6. Siemens Energy AG
  • 13.6.1. Business Overview
  • 13.6.2. Key Revenue and Financials
  • 13.6.3. Recent Developments
  • 13.6.4. Key Personnel/Key Contact Person
  • 13.6.5. Key Product/Services Offered
• 13.7. ALSTOM Holdings
  • 13.7.1. Business Overview
  • 13.7.2. Key Revenue and Financials
  • 13.7.3. Recent Developments
  • 13.7.4. Key Personnel/Key Contact Person
  • 13.7.5. Key Product/Services Offered
• 13.8. ABB Ltd
  • 13.8.1. Business Overview
  • 13.8.2. Key Revenue and Financials
  • 13.8.3. Recent Developments
  • 13.8.4. Key Personnel/Key Contact Person
  • 13.8.5. Key Product/Services Offered
• 13.9. Hitachi Ltd
  • 13.9.1. Business Overview
  • 13.9.2. Key Revenue and Financials
  • 13.9.3. Recent Developments
  • 13.9.4. Key Personnel/Key Contact Person
  • 13.9.5. Key Product/Services Offered
• 13.10. Toshiba Corporation
  • 13.10.1. Business Overview
  • 13.10.2. Key Revenue and Financials
  • 13.10.3. Recent Developments
  • 13.10.4. Key Personnel/Key Contact Person
  • 13.10.5. Key Product/Services Offered

14. Strategic Recommendations

15. About Us & Disclaimer