Chicago, Feb. 20, 2023 (GLOBE NEWSWIRE) — Markets N Research has recently released expansive research on Global Hydropower Plant Market with 220+ market data Tables, Pie Chart, and Graphs & Figures spread through Pages and easy to understand detailed analysis. The report endows with wide-ranging statistical analysis of the market’s continuous developments, capacity, production, production value, cost/profit, supply/demand and import/export. This market report provides best solutions for strategy development and implementation depending on client’s needs to extract tangible results. This market research report serves the clients by providing data and information on their business scenario with which they can stay ahead of the competition in today’s rapidly changing business environment.
As per the report titled “Hydropower Plant Market Size, Share & COVID-19 Impact Analysis, By Product Type (Large Hydropower, Small Hydropower and Other Sizes), By End Users/Application (City Power Supply, Industrial Power Supply, Military Power Supply and Others), and Regional Forecasts, 2023-2030″ observes that the market size in 2022 stood at USD 209.4 billion and USD 308.7 billion in 2030. The market is expected to exhibit a CAGR of 5.70% during the forecast period.
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Hydropower Plant Market Analysis:
The increasing need for clean energy around the world largely drives the global hydropower plant market. Rapid urbanization and industrialization, particularly in developing nations like China and India, have increased the power demand. The demand for renewable energy sources for power generation has increased due to efforts made by governments of many nations, including the U.S., Germany, India, Japan, and China, to reduce their dependence on fossil fuels to create electricity. In order to meet the rising need for renewable energy, several hydropower-producing projects have been developed worldwide, particularly in Asia-Pacific.
- In May 2020, Voith and Landsvirkjun, Iceland’s main energy supplier, together launched a pilot study on cutting-edge cavitation monitoring in hydropower plants. As an add-on feature for the business’s OnCare Health Hydro conditioning monitoring system, cutting-edge machinery was installed at the Budarhals hydropower station in Iceland.
|Forecast Period 2023 to 2030 CAGR||5.70 %|
|2030 Value Projection||308.7 billion|
|Market Size in 2022||209.4 billion|
|Historical Data for||2016 – 2021|
|Segments covered||By Product Type, By End Users/Application, and By Geography|
|Regional Scope||North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America|
List Of Key Companies Profiled:
- Itaipu Dam
- Longtan Dam
- Xiaowan Dam
- Laxiwa Dam
- Grand Coulee
- Ust Ilimskaya
- Three Gorges Dam
- Churchill Falls
Isagen SA, a Provider of Electricity in Colombia, was Given a Contract to Buy two 19.9 MW Hydropower Facilities
In February 2021, a contract for the procurement of two 19.9 MW hydropower plants of a lesser scale in the Antioquia region was awarded to the Colombian electricity supplier Isagen SA. This project, which cost the corporation about USD 194.8 million, has assisted in increasing renewable energy generation.
Major Players Develop Acquisition Plans to Boost Brand Image
The leading businesses in the hydropower plant market plan acquisitions to improve their brand recognition globally. For instance, In September 2019, Voith Hydro established a presence in Nepal. This project was started by Voith Hydro, supplying hydropower planr to Nepal since 1968, to increase its clientele and provide top-notch service.
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Our Free Sample Report Consists of the following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
- The COVID-19 Pandemic Outbreak Impact Analysis is included in the package
- About 220+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on the Request
- Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2022
- Includes Tables and figures have been updated
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
- MNR research methodology
- Rising Demand for Renewable Energy will Propel Market Expansion
Due to the massive number of new industries and manufacturing facilities that are entering the worldwide market and necessitating a large supply of energy to continue operating, the overall electricity demand is fast rising. Due to the numerous electrical equipment used daily, the household sector has witnessed a significant increase in electricity usage. In addition, rising electricity demand has boosted interest in renewable energy sources, which contributes to a decrease in the amount of fossil fuels used to produce electricity.
- Global Hydropower Plant Market Being Driven by Growing Green Energy Awareness
Growing interest in green energy is anticipated to present profitable opportunities for companies in the hydropower plant market. Companies are looking for more efficient alternatives to traditional energy sources as a result of the implementation of strict restrictions to minimise greenhouse gas and carbon dioxide emissions. Hydropower facilities are respectable substitutes for energy produced from fossil sources. When energy is produced using fossil fuels, greenhouse gases are released into the atmosphere. These gases have the potential to seriously harm the environment, including air and land pollution and global warming.
- Hydropower Plant Capital Costs are High, which will Restrain Market Expansion
There are numerous resources needed to build up the hydropower producing plants. Some of these resources have a high price tag. The area is needed for the plant setup, and most of this land should be along a river. Government consent is required for this. This can occasionally cost a considerable sum of money. Additionally, labor costs are included in the plant’s overhead expenses. High capital expenditures for hydropower plant facilities are impeding the expansion of the hydropower plant market globally as a result.
- Lack of Resources could Prevent Market Growth for Hydropower Plant
The amount of resources that can be used to generate hydropower has become one of the biggest obstacles to the industry’s expansion. The amount of facilities that are available in developing and underdeveloped nations is proving to be a significant barrier to the expansion of the hydropower plant. To enable energy production on a wider scale, the governments of underdeveloped countries have entered into several collaborations with industrialized countries.
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Global Hydropower Plant Market Segmentations:
Global Hydropower Plant Market By Product Type:
- Large Hydropower
- Small Hydropower
- Other Sizes
Global Hydropower Plant Market By End Users/Application:
- City Power Supply
- Industrial Power Supply
- Military Power Supply
Global Hydropower Plant Market Regional Insights:
The Asia Pacific is projected to hold the largest share of the hydropower plant market over the forecast period. The region’s rapid urbanization and industrialization have considerably increased the region’s energy demand. Additionally, the establishment of numerous hydropower-producing projects throughout the region—particularly in nations like China and India—has been prompted by the rise in demand for renewable energy and the need to lessen reliance on traditional fossil fuels for energy generation. Furthermore, nations like Japan, Vietnam, and South Korea have been investing in the hydropower industry, which is anticipated to fuel the expansion of the hydropower plant market throughout the region throughout the projected period.
Further Report Findings:
- The market in the Asia Pacific is expected to gain a huge portion of the global hydropower plant market share in the coming years. The demand for energy in the area has significantly expanded as a result of the area’s growing urbanisation and industrialization.
- The increase in demand for renewable energy has led to the creation of many hydropower-generating projects throughout the area, especially in countries like China and India.
- In Europe, the growth in this region is primarily driven by escalating worries around non-renewable resource costs and greenhouse gas (GHG) emissions during generation.
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Key questions answered in this report:
- What is the size of the Hydropower Plant market and what is its expected growth rate?
- What are the primary driving factors that push the Hydropower Plant market forward?
- What are the Hydropower Plant Industry’s top companies?
- What are the different categories that the Hydropower Plant Market caters to?
- What will be the fastest-growing segment or region?
- In the value chain, what role do essential players play?
- What is the procedure for getting a free copy of the Hydropower Plant market sample report and company profiles?
- Market Share, Size & Forecast by Revenue | 2023−2030
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
- Market Segmentation – A detailed analysis By Product Type, By End Users/Application, and By Geography
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Table of Content
Chapter 1: Preface
Chapter 2: Report Summary
Chapter 3: COVID 19 Impact Analysis
Chapter 4: Global Hydropower Plant Market, By Product Type Segment Analysis
Chapter 5: Global Hydropower Plant Market, By End Users/Application Segment Analysis
Chapter 6: Hydropower Plant Market – Regional Analysis, 2023 – 2030
Chapter 7: Hydropower Plant Market – Industry Analysis
Chapter 8: Competitive Landscape
Chapter 9: Company Profiles
Chapter 10: Research Methodology
Chapter 11: Questionnaire
Chapter 12: Related Reports
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Key Insights from Primary Research/Key Insights & Findings from the report:
- As per the analysis shared by our primary respondents, the Hydropower Plant market is expected to grow annually at a CAGR of around 5.70%.
- Through primary research, it was established that the Hydropower Plant market was valued at around USD 209.4 billion in 2022.
- The Hydropower Plant market is segmented based on product: Large Hydropower, Small Hydropower and Other Sizes. The large hydropower category was predicted to show maximum market share in the year 2021.
- The key factor driving the market is Rising Demand for Renewable Energy
- The “Asia Pacific” region will lead the global Hydropower Plant market during the forecast period 2022 to 2030.
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