The Hydro Electricity Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The Hydro Electricity Market:
https://www.thebusinessresearchcompany.com/report/hydro-electricity-global-market-report
According to The Business Research Company’s Hydro Electricity Global Market Report 2024, The hydro electricity market size has grown strongly in recent years. It will grow from $318.98 billion in 2023 to $336.28 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to growth in early industrialization and power generation, large-scale dam construction, rural electrification programs, world wars and energy demands, deregulation and market reforms.
The hydro electricity market size is expected to see steady growth in the next few years. It will grow to $400.49 billion in 2028 at a compound annual growth rate (CAGR) of 4.5%. The growth in the forecast period can be attributed to renewable energy targets, storage solutions integration, hydropower in climate resilience strategies, investment in infrastructure, policy support and incentives. Major trends in the forecast period include hydropower in climate mitigation strategies, community and stakeholder engagement, hydropower as baseload power, grid modernization and integration, hydropower expansion in developing countries.
Favorable laws in emerging countries are projected to drive the hydroelectricity market. Governments across the globe are introducing policies that aid the growth of the hydroelectricity market. For instance, in January 2021, according to the Business Standard newspaper, the Government of India cleared 8 hydropower projects of 144 MW. The introduction of favorable laws will boost the demand for hydropower and, in turn, drive the growth of the hydro electricity market.
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The hydro electricity market covered in this report is segmented –
1) By Product Type: Dike Type, Diversion Hydropower Station, Mixed Type, Tide, Pumped Storage
2) By Capacity: Large, Medium, Small
3) By Application: Residential, Commercial, Industrial
Major companies operating in the hydroelectricity market are focusing on the development of strategic initiatives to develop the 480 MW Phukot hydro project to help increase productivity and sustain their position in the market. For instance, in June 2023, NHPC Ltd., an India-based hydropower company, partnered with Vidhyut Utpadan Company Ltd. is a Nepal-based hydropower company to develop a 480 MW Phukot Karnali hydroelectric project. The Karnali River flow will be used to generate power for the project, and the generated power will be supplied into Nepal's integrated power system. The installed capacity of the project will be 480 MW, with an average annual generation of about 2,448 GWh. Vidhyut Utpadan Company Ltd. is a Nepal-based hydropower company.
The hydro electricity market report table of contents includes:
- Executive Summary
- Hydro Electricity Market Characteristics
- Hydro Electricity Market Trends And Strategies
- Hydro Electricity Market - Macro Economic Scenario
- Global Hydro Electricity Market Size and Growth
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- Global Hydro Electricity Market Competitive Benchmarking
- Global Hydro Electricity Market Competitive Dashboard
- Key Mergers And Acquisitions In Hydro Electricity Market
- Hydro Electricity Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- Midea Group
- Hitachi Ltd.
- Panasonic Corporation
- Haier Group
- Specialty Refrigeration and Equipment
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Hydro Electricity Global Market Report 2021 by The Business Research Company is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The chapter on the impact – both negative and positive – of COVID-19 on the hydro electricity industry gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.
This includes revised market numbers according to the effects of the coronavirus and the expected hydro electricity market growth numbers 2021-2030.
View Complete Report:https://www.thebusinessresearchcompany.com/report/hydro-electricity-global-market-reportThe Hydro Electricity Global Market Report 2020-30 by The Business Research Company provides an in-depth analysis of the global hydro electricity market and covers both the historic period, 2015 to 2020, and the forecast period, 2020 to 2030.
The report evaluates the market and major economies across the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.The Hydro Electricity Global Market Report 2021 covers hydro electricity market drivers, hydro electricity market trends, hydro electricity market growth rate, hydro electricity market major players, player-adopted strategies in the market, and hydro electricity market size.The global hydro electricity market is expected to decline from $110.38 in billion 2020 to $106.86 billion in 2021 at a compound annual growth rate (CAGR) of -3.2%.
The decline is mainly due to the various reasons from environmental concerns to lack of funds.
Hydro Electricity Global Market Report 2021 by The Business Research Company is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The chapter on the impact – both negative and positive – of COVID-19 on the hydro electricity industry gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.
This includes revised market numbers according to the effects of the coronavirus and the expected hydro electricity market growth numbers 2021-2030.View Complete Report:https://www.thebusinessresearchcompany.com/report/hydro-electricity-global-market-reportThe Hydro Electricity Global Market Report 2020-30 by The Business Research Company provides an in-depth analysis of the global hydro electricity market and covers both the historic period, 2015 to 2020, and the forecast period, 2020 to 2030.
The report evaluates the market and major economies across the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.The Hydro Electricity Global Market Report 2021 covers hydro electricity market drivers, hydro electricity market trends, hydro electricity market growth rate, hydro electricity market major players, player-adopted strategies in the market, and hydro electricity market size.The global hydro electricity market is expected to decline from $110.38 in billion 2020 to $106.86 billion in 2021 at a compound annual growth rate (CAGR) of -3.2%.
The decline is mainly due to the various reasons from environmental concerns to lack of funds.
The market is expected to reach $100.85 billion in 2025 at a CAGR of -1%.Request For The Sample Now:https://www.thebusinessresearchcompany.com/sample.aspx?id=3855=smpThe report covers the hydro electricity market segments-1) By Product Type: Dike Type, Diversion Hydropower Station, Mixed Type, Tide, Pumped Storage2) By Capacity: Large, Medium, Small3) By Application: Residential, Commercial, IndustrialAbout The Business Research Company: The Business Research Company is a market intelligence firm that excels in company, market, and consumer research.
