水力發電市場 - 全球產業規模、佔有率、趨勢、機會和預測，按類型、容量、組成部分、最終用戶、地區、競爭細分，2018-2028

2022 年全球水力發電市場價值為 2,200.8 億美元，預計在預測期內將強勁成長，到 2028 年CAGR為 5.19%。

水力發電市場是指涵蓋流水動能發電、配電和利用的全球產業。它圍繞著利用水的力量（通常以河流、水壩和水庫的形式）來產生可再生和永續的能源。

水力發電是最古老和最廣泛採用的發電方法之一，其悠久的歷史可以追溯到幾個世紀前。它涉及通過渦輪機和發電機將水的勢能轉化為電能。水力發電計畫規模各異，從服務當地社區的小型設施到向整個地區供電的大型多兆瓦設施。

市場概況
預測期	2024-2028
2022 年市場規模	2200.8億美元
2028 年市場規模	3130.5億美元
2023-2028 年CAGR	5.19%
成長最快的細分市場	公用事業
最大的市場	亞太

水電市場的主要組成部分包括：

魚類洄游和通過：

水力發電的關鍵生態挑戰之一是對魚類洄游的影響。水壩會阻止魚類到達產卵場，這會對魚類族群產生不利影響。為了應對這項挑戰，正在開發對魚類友善的渦輪機設計和魚類通道系統，但改造現有水壩可能成本高且複雜。

平衡能源生產和生態系統保護：

平衡清潔能源發電的需求與保護自然生態系統是水力發電產業持續面臨的挑戰。要實現這種平衡需要仔細的規劃、創新的技術和適應性的管理策略。

應對全球水力發電市場的這些環境和生態挑戰需要採取全面的方法來考慮水力發電項目的生態和社會影響。各國政府、專案開發商和環保組織擴大共同努力尋找解決方案，最大限度地減少對生態系統的危害，同時最大限度地提高畫質潔能源生產的效益。

基礎建設老化與改造

全球水力發電市場的另一個重大挑戰是現有水力發電設施基礎設施老化。許多水力發電廠是幾十年前建造的，現在需要升級和現代化，以保持其效率和可靠性。改造這些設施帶來了技術和財務挑戰。

老化的渦輪機和設備：

主要的技術挑戰之一是渦輪機、發電機和其他關鍵設備的老化。隨著時間的推移，這些組件會出現磨損，導致效率降低和維護需求增加。更換或翻新渦輪機和發電機可能是一個複雜且成本高昂的過程。

環境合規性和監管更新：

隨著環境法規的發展以解決與水力發電相關的生態問題，舊設施可能需要進行改造才能滿足現代環境標準。這可能涉及實施魚道系統、改善品質管理和加強沉積物控制措施。

平衡改造成本與能源生產：

財務挑戰之一是平衡改造成本與能源產量和收入的預期成長。改造項目可能需要大量投資，並且可能需要幾年時間才能透過增加發電量和提高效率來收回這些成本。

基礎設施復原力與氣候調適：

面對不斷變化的氣候條件，水力發電設施必須增強抵禦洪水和乾旱等極端天氣事件的能力。為了提高彈性而進行的改造可能會增加額外的成本和工程複雜性。

為了應對全球水力發電市場基礎設施​​老化和改造的挑戰，政府、公用事業公司和專案開發商擴大投資於現代化工作。這些努力包括採用先進技術、改進維護實踐以及遵守不斷變化的環境法規。改造專案對於延長現有水力發電資產的使用壽命並確保其持續為清潔能源發電做出貢獻至關重要。

細分市場洞察

100兆瓦以上洞察

100 兆瓦以上細分市場在 2022 年擁有最大的市場佔有率，並預計在預測期內保持這一佔有率。大型水力發電廠受益於規模經濟，這意味著隨著電站容量的增加，每單位發電的成本往往會下降。這使得較大的項目在經濟上具有吸引力。大壩建設和其他基礎設施所需的大量前期投資可以透過大型專案的大量能源產出和收入潛力來證明。

容量超過100兆瓦的水力發電廠通常提供穩定可靠的能源供應。它們非常適合基本負載發電，這意味著它們可以連續運作以滿足一個地區的最低​​能源需求。這種可靠性對於支持電網和確保穩定的電力供應至關重要，這在能源需求高的地區尤其有價值。

大型水力發電廠對電網穩定發揮至關重要的作用。它們可以快速響應電力需求的變化，為電網營運商提供平衡供需的寶貴工具。快速提高或降低發電量的能力有助於在風能和太陽能等再生能源出現波動時穩定電網。

一些大型水力發電廠，例如抽水蓄能水力發電廠，具有儲能能力。它們可以在需求低的時期儲存多餘的能量，並在需求高的時候釋放它，充當電網的虛擬電池。隨著電網採用更多間歇性再生能源，儲能變得越來越重要。

大型水力發電廠具有產生大量電力的潛力，這可以為專案開發商和公用事業公司帶來更高的收入。從長遠來看，大量的能源產出可以抵消初始資本投資和營運成本。

一些地區地形、水資源條件優越，非常適合開發大型水力發電專案。這些項目可以利用河流的自然水流並建造大量水庫來儲存水以用於發電。雖然大型水壩和水庫的建設會對環境產生影響，但與眾多小型專案相比，它們通常被認為更易於管理。

公用事業洞察

公用事業領域在 2022 年擁有最大的市場佔有率，預計在預測期內將經歷快速成長。公用事業公司負責滿足龐大且多樣化的客戶群的電力需求，包括住宅、商業和工業消費者。為了滿足如此龐大的需求，公用事業公司需要具有大量發電能力的電源。大型水力發電廠通常超過 100 兆瓦，可提供必要的規模來有效滿足公用事業的電力需求。許多水力發電廠，特別是那些容量較大的水力發電廠，能夠提供基本負載電力。基載電源對於公用事業至關重要，因為它們可以連續運作以滿足最低電力需求，確保穩定可靠的電力供應。水力發電作為基本負載電力的能力補充了風能和太陽能等其他間歇性再生能源。大型水力發電廠對電網的穩定性和可靠性做出了重大貢獻。它們可以快速響應電力需求的波動，幫助公用事業公司平衡電網的供需。這種能力對於維持穩定和有彈性的電力基礎設施至關重要，特別是在再生能源可變的地區。水力發電基礎設施（包括水壩、水庫和輸電線路）的開發和維護通常需要大量資本投資。公用事業公司憑藉其財務資源和長期規劃能力，非常適合進行此類投資。這些投資確保了水力發電設施的可靠運作以及向消費者提供電力。許多公用事業公司正在積極努力實現能源組合多元化並增加再生能源的佔有率。水力發電被認為是一種可靠且成熟的可再生能源，符合永續發展目標和監管要求。其穩定的發電能力使其成為旨在減少碳足跡的公用事業公司的有吸引力的選擇。在各個地區，政府和監管機構經常透過優惠政策、補貼和再生能源目標來激勵公用事業公司投資水力發電等再生能源。這些政策鼓勵公用事業公司優先開發和擴大水力發電計畫。幾十年來，水力發電一直是發電的主要來源，而公用事業公司歷來在水力發電的發展中發揮核心作用。水力發電在公用事業組合中的長期存在鞏固了其作為該領域主導能源的地位。

.區域洞察

亞太地區

亞太地區是最大的水力發電市場，佔全球市場佔有率的40%以上。中國是世界上最大的水力發電國，其次是印度和巴西。

亞太地區水力發電市場的成長受到多種因素的推動，包括：

經濟快速成長：亞太地區經濟快速成長，導致能源需求增加。水力發電非常適合滿足這種不斷成長的需求，因為它是一種大規模且可靠的能源。

政府支持：亞太地區各國政府正在提供財政和監管支持，以促進包括水力發電在內的再生能源的發展。這種支持有助於降低水力發電項目的成本，使其對投資者更具吸引力。

豐富的水能資源：亞太地區水能資源豐富。這是由於該地區的山區和大河流。

北美洲

北美是第二大水力發電市場。美國是該地區最大的水力發電國，其次是加拿大。

北美水電市場的成長受到多種因素的推動，包括：

對再生能源的需求不斷成長：由於對氣候變遷的擔憂和減少溫室氣體排放的需要，北美對再生能源的需求不斷成長。水力發電是清潔、可靠的再生能源。

政府支持：北美各國政府正在提供財政和監管支持，以促進包括水力發電在內的再生能源的發展。這種支持有助於降低水力發電項目的成本，使其對投資者更具吸引力。

老化的水力發電基礎設施：北美大部分的水力發電基礎設施都在老化，需要更換或升級。這為新水力發電項目創造了機會。

目錄

第 1 章：產品概述

• 市場定義
• 市場範圍
  • 涵蓋的市場
  • 研究年份
• 主要市場區隔

第 2 章：研究方法

• 研究目的
• 基線方法
• 範圍的製定
• 假設和限制
• 研究來源
  • 二次研究
  • 初步研究
• 市場研究方法
  • 自下而上的方法
  • 自上而下的方法
• 計算市場規模和市場佔有率所遵循的方法
• 預測方法
  • 數據三角測量與驗證

第 3 章：執行摘要

第 4 章：客戶之聲

第五章：全球水力發電市場展望

• 市場規模及預測
  • 按價值
• 市佔率及預測
  • 依類型（小型水力發電、微型水力發電），
  • 按容量（100MW以上、10MW以下、其他），
  • 依組成部分（土木建築、機電設備、電力、電力基礎設施、其他），
  • 按最終用戶（工業、公用事業、其他）
  • 按地區
  • 按公司分類 (2022)
• 市場地圖

第 6 章：北美水力發電市場展望

• 市場規模及預測
  • 按價值
• 市佔率及預測
  • 按類型
  • 按容量分類
  • 按組件
  • 按最終用戶
  • 按國家/地區
• 北美：國家分析
  • 美國
  • 加拿大
  • 墨西哥

第 7 章：歐洲水力發電市場展望

• 市場規模及預測
  • 按價值
• 市佔率及預測
  • 按類型
  • 按容量分類
  • 按組件
  • 按最終用戶
  • 按國家/地區
• 歐洲：國家分析
  • 德國
  • 英國
  • 義大利
  • 法國
  • 西班牙

第 8 章：亞太水力發電市場展望

• 市場規模及預測
  • 按價值
• 市佔率及預測
  • 按類型
  • 按容量分類
  • 按組件
  • 按最終用戶
  • 按國家/地區
• 亞太地區：國家分析
  • 中國
  • 印度
  • 日本
  • 韓國
  • 澳洲

第 9 章：南美洲水電市場展望

• 市場規模及預測
  • 按價值
• 市佔率及預測
  • 按類型
  • 按容量分類
  • 按組件
  • 按最終用戶
  • 按國家/地區
• 南美洲：國家分析
  • 巴西
  • 阿根廷
  • 哥倫比亞

第10章 ：中東和非洲水力發電市場展望

• 市場規模及預測
  • 按價值
• 市佔率及預測
  • 按類型
  • 按容量分類
  • 按組件
  • 按最終用戶
  • 按國家/地區
• MEA：國家分析
  • 南非水力發電
  • 沙烏地阿拉伯水力發電
  • 阿拉伯聯合大公國水力發電
  • 科威特水電
  • 土耳其水力發電

第 11 章：市場動態

第 12 章：市場趨勢與發展

第13章：競爭格局

• 中國三峽總公司
  • Business Overview
  • Key Revenue and Financials
  • Recent Developments
  • Key Personnel/Key Contact Person
  • Key Product/Services Offered
• 國家電力公司
  • Business Overview
  • Key Revenue and Financials
  • Recent Developments
  • Key Personnel/Key Contact Person
  • Key Product/Services Offered
• 通用電氣再生能源公司
  • Business Overview
  • Key Revenue and Financials
  • Recent Developments
  • Key Personnel/Key Contact Person
  • Key Product/Services Offered
• 福伊特集團
  • Business Overview
  • Key Revenue and Financials
  • Recent Developments
  • Key Personnel/Key Contact Person
  • Key Product/Services Offered
• 安德瑞茲股份公司
  • Business Overview
  • Key Revenue and Financials
  • Recent Developments
  • Key Personnel/Key Contact Person
  • Key Product/Services Offered
• 西門子能源公司
  • Business Overview
  • Key Revenue and Financials
  • Recent Developments
  • Key Personnel/Key Contact Person
  • Key Product/Services Offered
• 阿爾斯通控股
  • 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
• 東芝公司
  • Business Overview
  • Key Revenue and Financials
  • Recent Developments
  • Key Personnel/Key Contact Person
  • Key Product/Services Offered

第 14 章：策略建議

第 15 章：關於我們與免責聲明

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