Hydroelectric Power Generation Market size is estimated to be USD 1,170 Billion in 2024 and is expected to reach USD 1,570 Billion by 2033 at a CAGR of 3.5% from 2026 to 2033.
In 2022, the global hydroelectric power generation market was valued at approximately USD 232.8 billion, with projections indicating growth to USD 397.7 billion by 2032, reflecting a compound annual growth rate (CAGR) of 5.6% from 2023 to 2032. Asia Pacific led the market, contributing around USD 97.8 billion in 2022. Europe is anticipated to experience a CAGR exceeding 6% during the forecast period. The Asia Pacific regions dominance is driven by countries like China, India, and Japan, which benefit from favorable geographical conditions and substantial investments in hydropower infrastructure. Latin America, particularly Brazil, is emerging as a rapidly growing market due to initiatives aimed at expanding renewable energy adoption and enhancing energy security. North America also holds a significant market share, with investments focused on upgrading aging infrastructure to improve efficiency and reliability.
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Voith
ANDRITZ HYDRO
General Electric
China Three Gorges Corporation
Alfa Laval
Metso
China Yangtze Power
Hydro-Qubec
RusHydro
Agder Energi
Duke Energy
Georgia Power
Ontario Power Generation
StatKraft
ABB
Engie
Tata Power
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Hydroelectric Power Generation Market
Conventional Hydropower
Pumped Storage Hydropower
Run-of-River Hydropower
Small Scale Hydropower
Hydroelectric Dams
Utilities
Commercial
Industrial
Agriculture
Residential
Pelton Turbines
Francis Turbines
Kaplan Turbines
Crossflow Turbines
Axial Turbines
On-Grid Hydro Plants
Off-Grid Hydro Plants
Hybrid Systems
Mini or Micro Hydro Plants
Publicly Owned
Privately Owned
Partnerships/Joint Ventures
Cooperatives
Independent Power Producers
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Hydroelectric Power Generation Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Hydroelectric Power Generation Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Hydroelectric Power Generation Market, By Type
6. Global Hydroelectric Power Generation Market, By Application
7. Global Hydroelectric Power Generation Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Hydroelectric Power Generation Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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