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發電設備

市場調查報告書

商品編碼

1372114

全球水力發電市場 - 2023-2030

Global Hydropower Market - 2023-2030

出版日期: 2023年10月18日 | 出版商:

DataM Intelligence | 英文 203 Pages | 商品交期: 約2個工作天內

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簡介目錄

概述

全球水力發電市場2022年達到2,441億美元，預計2030年將達到3,482億美元，2023-2030年預測期間年複合成長率為4.8%。

隨著不斷的創新和不斷變化的能源政策，全球水力發電市場正在經歷顯著成長。雖然水力發電有著近 150 年的悠久歷史，但最近的重點是調整和增強技術，以滿足現代電力系統和再生能源整合不斷變化的需求。由於初始投資較高且開發時間較長，水力發電的擴張往往依賴公共部門的參與。

此外，由於初始投資較高且開發時間較長，水力發電的擴張往往依賴公共部門的參與。根據 IEA 的數據，全球水力發電量增加了近 70*TWh，增幅接近 2%。其成長歸因於2021-2022年期間強勁的產能部署。 2022年，新增產能達到32*GW，比前五年平均高出40%。

亞太地區是水力發電產業最大的市場，中國和印度等國家出現了大幅成長。 IEA表示，中國在水力發電市場佔據主導地位，預計到2030年將維持這一地位。預計在預測期內，中國將佔全球裝置容量成長的40%。印度正成為世界水力發電產業第二大成長市場。

動力學

再生能源需求

水力發電市場預計將受到對再生能源不斷成長的需求的推動，而再生能源的需求是向更永續和低碳能源過渡的需要所驅動的。 IEA表示，為了與淨零排放情境保持一致，2023年至2030年間再生能源供應需要每年增加13%左右。這意味著大幅成長率將超過再生能源部署的歷史水準。

2022 年，水力發電的出現在非生物能源再生能源實現歷史第二高佔有率成長方面發揮了重要作用。儘管由於 COVID-19 大流行和能源消耗總量下降，2020 年經歷了獨特的情況，但水力發電的持續貢獻有助於推動再生能源的成長。無論從裝置容量（佔再生能源總量的 38%）或發電量（50%）來看，水力發電都是最大的再生電力技術。它在再生能源領域的既定地位凸顯了其在永續滿足全球能源需求方面的重要性。

政府政策推動水電激增

水電市場預計將受到政府激勵措施和政策的推動。例如，在歐洲，抽水蓄能水力發電發電能力取得了重大進展。據IEA稱，到2022年，近2吉瓦的抽水蓄能水力發電裝置投產，標誌著產能擴張的里程碑。瑞士和葡萄牙的計畫旨在加強太陽能光伏和風能的整合。

在美國，2022 年 8 月通過的《通貨膨脹削減法案》等政策顯示了政府對水力發電的支持。它立法增加和擴大稅收抵免，以鼓勵水電技術的採用和開發。此外，30 個國家也制定了明確針對新建和現有水力發電廠的政策。此外，與其他可變再生能源相比，全球各國政府將大型和小型水力發電容量涵蓋其長期部署目標、能源計畫和再生能源激勵框架。

水力發電市場在風能和太陽能成長的背景下引領競爭格局

水力發電市場受到風能和太陽能替代品成長的影響，導致再生能源格局發生變化。在過去的二十年中，大多數再生能源政策都集中在風能和太陽能光電技術上。它的重點是透過安裝目標、財政激勵和長期購電合約等措施實現的。政策對風能和太陽能的集中關注影響了其快速部署和容量成長。

風能和太陽能光電技術在再生能源領域迅速普及。根據 IEA 的數據，它們約佔 2022 年再生能源發電創紀錄成長的 85%，超過 600*TWh。它的巨大貢獻部分是以犧牲水力發電市場的成長佔有率為代價的。風電、太陽能發電量大幅成長，而水力發電發電量擴張相對緩慢，2022年增幅約2%，凸顯了風電、太陽能等替代能源對水力發電的競爭壓力。

此外，100多個國家針對風能和太陽能光電實施了有針對性的政策和激勵措施。這些政策促進了風能和太陽能發電的採用和擴大，進一步加劇了再生能源之間的投資和市場佔有率競爭。隨著風能和太陽能技術日益主導產能增加和成長，水力發電的相對市場佔有率下降。針對風能和太陽能的政策和激勵措施有助於重塑全球再生能源市場的組成。

The hydropower market is experiencing significant growth globally with ongoing innovation and evolving energy policies. While hydropower has a long history spanning almost 150 years, the recent focus has been on adapting and enhancing the technology to meet the changing demands of modern power systems and renewable energy integration. The expansion of hydropower has often relied on public-sector involvement due to the high initial investments and longer development timelines.

Furthermore, the expansion of hydropower has often relied on public-sector involvement due to the high initial investments and longer development timelines. According to IEA, global hydropower generation increased by almost 70*TWh, representing a growth of close to 2%. It growth was attributed to strong capacity deployment during the period of 2021-2022. In 2022, capacity additions reached 32*GW, which was 40% higher than the average of the previous five years.

Asia-Pacific is the largest market in the hydropower industry witnessing substantial growth in nations like China and India. According to IEA, China holds a dominant position in the hydropower market and is projected to maintain this position through 2030. It is expected to account for 40% of global capacity growth in the forecast period. India is emerging as the world's second-largest growth market in the hydropower sector.

Dynamics

Renewable Energy Demand

The hydropower market is expected to be driven by the growing demand for renewable energy driven by the need to transition towards more sustainable and low-carbon energy sources. According to IEA, to align with the Net Zero Emissions Scenario, the supply of renewable energy needs to increase by around 13% annually between 2023 and 2030. It signifies a substantial growth rate that exceeds the historical levels of renewable capacity deployment.

In 2022, the availability of hydropower played a role in allowing non-bioenergy renewables to achieve their second-highest share growth in history. While 2020 experienced a unique situation due to the COVID-19 pandemic and a decrease in total energy consumption, hydropower's consistent contribution has helped to drive renewable energy growth. Hydropower stands out as the largest renewable electricity technology by both capacity (38% of renewables total) and generation (50%). Its established position in the renewable energy landscape underscores its significance in meeting global energy demands sustainably.

Hydropower Surge with Government Policies

The hydropower market is expected to be driven by government incentives and policies. For instance, in Europe, there has been significant progress in pumped storage hydropower capacity. According to IEA, in 2022, almost 2 GW of pumped storage hydropower capacity was commissioned, marking a milestone in capacity expansion. The projects in Switzerland and Portugal are designed to enhance solar PV and wind integration.

In United States, policies like the Inflation Reduction Act, passed in August 2022, demonstrate government support for hydropower. It legislation increases and extends tax credits to encourage the adoption and development of hydropower technologies. Also, 30 countries have established policies explicitly targeting new and existing hydropower plants. Also, governments globally integrate both large and small hydropower capacities into their long-term deployment targets, energy plans and renewable energy incentive frameworks, comparable to other variable renewables.

Hydropower Market Navigates Competitive Landscape Amidst Wind and Solar Growth

The hydropower market is impacted by the growth of wind and solar alternatives contributing to changes in the renewable energy landscape. In the past two decades, the majority of renewable energy policies have been focused on wind and solar PV technologies. It emphasis has been achieved through measures like installation targets, financial incentives and long-term power purchase contracts. The concentrated policy attention on wind and solar has influenced their rapid deployment and capacity growth.

Wind and solar PV technologies have been rapidly gaining ground in the renewable energy sector. According to IEA, they accounted for approximately 85% of the record growth in renewable electricity generation in 2022, which exceeded 600*TWh. It substantial contribution has partly come at the expense of the hydropower market's share of growth. While wind and solar experienced significant growth, the expansion of hydropower generation was comparatively slower, with an increase of about 2% in 2022. It highlights the competitive pressure that alternatives like wind and solar have exerted on hydropower.

Furthermore, over 100 countries have implemented targeted policies and incentives for wind and solar PV. The policies have fostered the adoption and expansion of wind and solar capacity, further intensifying competition for investments and market share among renewable energy sources. As wind and solar technologies increasingly dominate capacity additions and growth, hydropower's relative market share has experienced a decline. The policies and incentives directed toward wind and solar have contributed to reshaping the composition of the global renewable energy market.

Segment Analysis

The global hydropower market is segmented based on technology, application, size and region.

Pumped Storage Hydropower Surges

Pumped storage hydropower (PSH) plants are the fastest growing segment in technology within hydropower, as many countries are adopting PSH projects to ensure a steady power supply as renewable energy capacity grows. China is rapidly expanding pumped storage to support its increasing reliance on wind and solar energy. According to assessments by the International Hydropower Association (IHA), pumped hydro initiatives across the world have the capacity to store an impressive 9,000 gigawatt hours (GWh) of electrical energy.

PSH projects are gaining traction globally. China, United States and Australia are investing in PSH to complement their renewable energy portfolios. The projects contribute to grid reliability and help balance supply and demand. The technology dominates globally, encompassing more than 94% of the total installed capacity for energy storage. It dominance is notably ahead of alternatives like lithium-ion batteries and other battery variants.

Geographical Penetration

Growth in Asia-Pacific Hydropower with China and India Lead Capacity Expansion

Asia-Pacific is dominating the hydropower market significantly driven by policies and new developments in the region. China played a significant role in capacity growth, accounting for three-quarters of the added capacity in 2022. It growth was largely due to the commissioning of several large-scale hydropower projects. According to IEA, Chinese companies are projected to be engaged in approximately 45% of all hydropower plant capacity that is planned to be built by 2030.

Furthermore, India is actively working on the development of several large hydropower projects. The projects are expected to contribute significant capacity to the overall energy mix in the upcoming years. Hydropower is a crucial technology for India's commitment to reaching 500 GW of non-fossil electricity capacity by 2030. As the country seeks to expand its renewable energy capacity, hydropower plays a vital role in diversifying the energy mix and reducing dependence on fossil fuels.

Competitive Landscape

The major global players in the market include: China Three Gorges Corporation, Electricite de France S.A., Hydro-Quebec, Duke Energy Corporation, Centrais Eletricas Brasileiras S.A., PJSC RusHydro, Ontario Power Generation Inc., Statkraft AS., Sn Power Holding Singapore Pte. Ltd and Itaipu Binacional.

COVID-19 Impact Analysis:

COVID-19 made a significant impact on the global hydropower market by causing disruption in supply chains, causing delays in the delivery of critical components and equipment for hydropower projects. Many projects rely on international suppliers and lockdowns, travel restrictions and reduced production capacity had led to supply chain challenges. Some projects have been postponed or canceled altogether due to uncertainties caused by the pandemic.

Emerging economies and developing countries, where demand for energy is rapidly growing, have faced financing challenges. Reduced power demand during the pandemic has affected utility revenues, making it difficult for cash-strapped state utilities and governments to finance large infrastructure projects. The pandemic has led to changes in energy demand patterns, with some regions experiencing decreased demand due to lockdowns and economic slowdowns.

Russia-Ukraine War Impact

The Russia-Ukraine war made a significant impact on Ukraine's hydropower plants, resulting in damage and disruptions to the country's energy infrastructure. Since Russia's invasion of Ukraine, energy facilities have been targeted in air strikes, leading to severe damage to the hydropower sector. Ukrhydroenergo, a state-run hydropower generating company revealed that four out of Ukraine's nine hydropower plants had been damaged due to Russian attacks. The attacks primarily focused on electrical equipment and machine rooms at plants located on the Dnipro and Dniester rivers.

The attacks have resulted in a loss of around 2,000 MW of capacity out of the total 6,300 MW capacity of the nine hydropower plants. The plants typically contribute around 10% of Ukraine's energy production. Despite the damage and ongoing war, efforts are being made to restore the capacity of the damaged hydropower plants. Engineers have already restored 500 MW of capacity and plan to restore the remaining capacity as soon as possible, with a focus on implementing better protection measures.

By Technology

Conventional hydropower

Impoundment or reservoir

Run-of-river

Pumped storage hydropower

By Application

Electricity Generation
Load Balancing and Grid Stability
Microgrid Solutions
Aquaculture and Fish Farms
Industrial Processes
Others

By Size

Large-Scale Hydropower
Medium-Scale Hydropower
Small-Scale and Micro Hydropower

By Region

North America
- U.S.
- Canada
- Mexico

Europe
- Germany
- UK
- France
- Italy
- Russia
- Rest of Europe

South America
- Brazil
- Argentina
- Rest of South America

Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific

Middle East and Africa

Key Developments

In August 2023, construction commenced on India's Vishnugad-Pipalkoti Hydropower project, with Hindustan Construction Co. Ltd. launching a Terratec 9.86m diameter Hard Rock Double Shield TBM for the project's 13km low-pressure headrace tunnel. The project faces geological challenges, including thrust zones, shear zones and fault zones, necessitating specialized TBM engineering.
In May 2023, prominent entities within the hydropower industry introduced the European Hydropower Alliance. It collaborative initiative seeks to champion the advantages of hydropower and its significant contribution to fulfilling the European Union's societal, environmental and strategic ambitions.
On July 22, 2022, Iberdrola marked the inauguration of its pumped storage hydropower facility, the Tamega Gigabattery, in Portugal. Concurrently, a similar plant commenced operations in Switzerland. The installations have been engineered to augment Europe's power storage capacity by more than 2 GW collectively, earning them the moniker "water batteries.

Why Purchase the Report?

To visualize the global hydropower market segmentation based on technology, application, size and region, as well as understand key commercial assets and players.
Identify commercial opportunities by analyzing trends and co-development.
Excel data sheet with numerous data points of hydropower market-level with all segments.
PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
Product mapping available as excel consisting of key products of all the major players.

The global hydropower market report would provide approximately 61 tables, 59 figures and 203 Pages.

Target Audience 2023

Manufacturers/ Buyers
Industry Investors/Investment Bankers
Research Professionals
Emerging Companies

1. Methodology and Scope

1.1. Research Methodology
1.2. Research Objective and Scope of the Report

2. Definition and Overview

3. Executive Summary

3.1. Snippet By Technology
3.2. Snippet by Application
3.3. Snippet by Size
3.4. Snippet by Region

4. Dynamics

4.1. Impacting Factors
- 4.1.1. Drivers
  - 4.1.1.1. Renewable Energy Demand
  - 4.1.1.2. Hydropower Surge with Government Policies
- 4.1.2. Restraints
  - 4.1.2.1. Hydropower Market Navigates Competitive Landscape Amidst Wind and Solar Growth
- 4.1.3. Opportunity
- 4.1.4. Impact Analysis

5. Industry Analysis

5.1. Porter's Five Force Analysis
5.2. Supply Chain Analysis
5.3. Pricing Analysis
5.4. Regulatory Analysis
5.5. Russia - Ukraine War Analysis
5.6. DMI Opinion

6. COVID-19 Analysis

6.1. Analysis of COVID-19
- 6.1.1. Scenario Before COVID
- 6.1.2. Scenario During COVID
- 6.1.3. Scenario Post COVID
6.2. Pricing Dynamics Amid COVID-19
6.3. Demand-Supply Spectrum
6.4. Government Initiatives Related to the Market During Pandemic
6.5. Manufacturers Strategic Initiatives
6.6. Conclusion

7. By Technology

7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 7.1.2. Market Attractiveness Index, By Technology
7.2. Conventional hydropower*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 7.2.3. Impoundment or reservoir
- 7.2.4. Run-of-river
7.3. Pumped storage hydropower

8. By Application

8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 8.1.2. Market Attractiveness Index, By Application
8.2. Electricity Generation*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
8.3. Load Balancing and Grid Stability
8.4. Microgrid Solutions
8.5. Aquaculture and Fish Farms
8.6. Industrial Processes
8.7. Others

9. By Size

9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Size
- 9.1.2. Market Attractiveness Index, By Size
9.2. Large-Scale Hydropower *
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
9.3. Medium-Scale Hydropower
9.4. Small-Scale and Micro Hydropower

10. By Region

10.1. Introduction
- 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 10.1.2. Market Attractiveness Index, By Region
10.2. North America
- 10.2.1. Introduction
- 10.2.2. Key Region-Specific Dynamics
- 10.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 10.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Size
- 10.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 10.2.6.1. U.S.
  - 10.2.6.2. Canada
  - 10.2.6.3. Mexico
10.3. Europe
- 10.3.1. Introduction
- 10.3.2. Key Region-Specific Dynamics
- 10.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 10.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Size
- 10.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 10.3.6.1. Germany
  - 10.3.6.2. UK
  - 10.3.6.3. France
  - 10.3.6.4. Italy
  - 10.3.6.5. Russia
  - 10.3.6.6. Rest of Europe
10.4. South America
- 10.4.1. Introduction
- 10.4.2. Key Region-Specific Dynamics
- 10.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 10.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Size
- 10.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 10.4.6.1. Brazil
  - 10.4.6.2. Argentina
  - 10.4.6.3. Rest of South America
10.5. Asia-Pacific
- 10.5.1. Introduction
- 10.5.2. Key Region-Specific Dynamics
- 10.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 10.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Size
- 10.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 10.5.6.1. China
  - 10.5.6.2. India
  - 10.5.6.3. Japan
  - 10.5.6.4. Australia
  - 10.5.6.5. Rest of Asia-Pacific
10.6. Middle East and Africa
- 10.6.1. Introduction
- 10.6.2. Key Region-Specific Dynamics
- 10.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 10.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Size

11. Competitive Landscape

11.1. Competitive Scenario
11.2. Market Positioning/Share Analysis
11.3. Mergers and Acquisitions Analysis

12. Company Profiles

12.1. China Three Gorges Corporation*
- 12.1.1. Company Overview
- 12.1.2. Product Portfolio and Description
- 12.1.3. Financial Overview
- 12.1.4. Key Developments
12.2. Electricite de France S.A.
12.3. Hydro-Quebec
12.4. Duke Energy Corporation
12.5. Centrais Eletricas Brasileiras S.A.
12.6. PJSC RusHydro
12.7. Ontario Power Generation Inc.
12.8. Statkraft AS.
12.9. Sn Power Holding Singapore Pte. Ltd
12.10. Itaipu Binacional

LIST NOT EXHAUSTIVE