Hydropower Generation Market to Reach $317.8 Bn, Globally, by 2027 at 5.9% CAGR: AMR
Rise in demand for electricity in emerging economies and surge in adoption of clean energy worldwide drive the global hydropower generation market
PORTLAND, Ore., Feb. 16, 2021 /PRNewswire/ -- Allied Market Research published a report, titled, "Hydropower Generation Market by Capacity (Small Hydro Power Plant (Up to 1MW), Medium Hydro Power Plant (1MW-10MW), and Large Hydro Power Plant (Above 10MW)): Global Opportunity Analysis and Industry Forecast, 2020-2027." According to the report, the global hydropower generation industry garnered $202.4 billion in 2019, and is projected to generate $317.8 billion by 2027, manifesting a CAGR of 5.9% from 2020 to 2027.
Prime determinants of growth
Rise in demand for electricity in emerging economies and surge in adoption of clean energy worldwide drive the global hydropower generation market. However, high operational and capital costs restrict the market growth. On the other hand, rise in demand for renewable power and increase in hydropower installation capacity present new opportunities in the next few years.
Download Report Sample (230 Pages PDF with Insights) @ https://www.alliedmarketresearch.com/request-sample/9821
Covid-19 Scenario
- Governments imposed the lockdown to prevent the spread of coronavirus. This resulted in postponement of ongoing and proposed projects of governments. However, the impact on facilities with high level of automation has been lesser as compared to those that do not have automation.
- There have been uncertainty and liquidity shortages, which in turn, led to occurrence of risks related to financing and refinancing of some of the hydropower projects. Moreover, few development and modernization projects have been halted as the supply chain disrupted.
The large hydro power plant (above 10MW) segment to maintain its highest contribution by 2027
Based on capacity, the large hydro power plant (above 10MW) segment accounted for the highest market share, holding nearly two-thirds of the total market share in 2019, and is estimated to maintain its leadership status throughout the forecast period. This is attributed to improved efficiency, long life span, less maintenance & operation cost, high reliability, and upcoming hydropower projects. However, the medium hydro power plant (1MW - 10MW) segment is projected to manifest the highest CAGR of 6.2% from 2020 to 2027, owing to increase in electrification activities in rural areas across the Asia-Pacific.
Get detailed COVID-19 impact analysis on the Hydropower Generation Market: https://www.alliedmarketresearch.com/request-for-customization/9821?reqfor=covid
Asia-Pacific, followed by North America, to maintain its dominant position by 2027
Based on region, Asia-Pacific, followed by North America, accounted for the largest share in 2019, contributing to nearly half of the total share, and will maintain its dominant position in terms of revenue by 2027. Moreover, this region would witness the fastest CAGR of 6.2% during the forecast period. This is attributed to rapid industrialization and urbanization, demand for renewable energy, and the need to reduce the dependency on conventional fossil fuels for energy generation.
Leading market players
- Andritz Hydro
- CPFL Energia S.A.
- GE Energy
- IHI Corporation
- Sinohydro Corporation
- China Hydroelectric Corporation
- Alstom Hydro
- ABB Ltd.
- China Three Gorges Corporation
- Gerdau S.A.
Interested in Procure Data? Visit Here: https://www.alliedmarketresearch.com/hydropower-generation-market/purchase-options
Access AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/library-access
Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.
Avenue Library Subscription | Request for 14 days free trial of before buying:
https://www.alliedmarketresearch.com/avenue/trial/starter
Similar Reports We Have:
Green Power Market – Global green power market is anticipated to generate $103.5 billion by 2027, growing at a CAGR of 12.3% from 2020 to 2027.
Concentrated Solar Power Market - Global concentrated solar power market is projected to reach $ 8,046.7 million by 2026, growing at a CAGR of 10.3% from 2019 to 2026.
Geothermal Power Market -Global geothermal power market is projected to reach $6.8 billion by 2026, growing at a CAGR of 5.0% from 2019 to 2026.
Wave Energy Market - Global wave energy market size was valued at $43.8 million in 2019, and is projected to reach $141.1 million by 2027, growing at a CAGR of 17.8% from 2020 to 2027.
Smart Energy Market - Global smart energy market is projected to reach $253.1 billion by 2027, growing at a CAGR of 9.6% from 2020 to 2027.
Small Wind Power Market - Global Small Wind Power Market is expected to reach $8,874 million by 2022, registering a CAGR of 13.2% from 2014 to 2022.
Pre-Book Now with 10% Discount:
Hydro Turbine Market: Global Opportunity Analysis and Industry Forecast 2020–2027
Wind Electric Power Generation Market: Global Opportunity Analysis and Industry Forecast, 2020–2027
Power Generation Technologies Market: Global Opportunity Analysis and Industry Forecast 2020-2027
Biomass Power Generation Market: Global Opportunity Analysis and Industry Forecast, 2020–2027
Floating LNG Power Vessel Market: Global Opportunity Analysis and Industry Forecast, 2020–2027
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
[email protected]
Web: https://www.alliedmarketresearch.com
Follow us on: LinkedIn Twitter
SOURCE Allied Market Research
Share this article