Global Hydropower Market was valued at USD 2.72 Billion in 2021 and is expected to reach USD 3.20 Billion by the year 2028, at a CAGR of 2.33%.
Hydropower Market is the only largest renewable electricity source present in the world, with the achievement of a record of 4,333 terawatt-hours (TWh) in hydropower in 2019, also, in 2020 the total global hydropower installed capacity reached 1,328 gigawatts (GW), The which is 1.5% greater over the previous year. Hydroelectric power or hydropower is a renewable energy source, where electrical power is produced from the energy of water moving from higher levels to lower levels. Additionally, hydropower projects also supply clean water for agriculture, homes, and businesses and help mitigate the impacts of extreme weather events such as floods and drought. Hydropower is the single largest source of renewable electricity and the largest contribution to global renewable-based electricity generation is from hydropower as of 2020.
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Players Covered in the Hydropower Market are:
General Electric Company, Siemens AG, Andritz AG, Voith GmbH & Co. KGaA, China Yangtze Power Co. Ltd, PJSC RusHydro, Électricité de France SA (EDF),Iberdrola SA
The global Hydropower Market is the market in-depth and offers a comprehensive analysis of the major growth determinants, Hydropower Market share, current trends, key players, and their future predictions. In addition, market demand and supply, each geographical region's growth rate, and market potential are all included in the Hydropower Market study. Raw materials, marketing channels, client surveys, industry trends and proposals, CAGR status, product scope, Hydropower Market major leading countries/regions, market risk, and market driving force are all included in the market research. The market prediction was based on a thorough market investigation completed by several industry experts
Segmentation Analysis of the Hydropower Market Report:
The Hydropower Market can be segmented based on several factors to better understand its various components, applications, and target audiences. Common segmentation criteria for the Hydropower Market include:
By Type
· Large Hydropower (Greater Than 100 MW)
· Small Hydropower (Smaller Than 10 MW)
· Other Sizes (10-100 MW)
By Application
· Residential
· Commercial
· Industrial
Intelligent Agencies Market Share Data Market Segment by Regions and Countries Level Analysis:
§ North America (U.S., Canada, Mexico)
§ Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
§ Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
§ Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
§ Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
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COVID-19 Impact Analysis on Hydropower Market
The outbreak of the COVID-19 pandemic has negatively impacted the hydropower market globally, because of the disruptions in the international supply chain and a reduction in investment for the upcoming projects. In addition, there have been delays in many hydropower projects across the globe due to many factors such as lockdown restrictions, unavailability of manpower, and others. Still, many new hydropower projects are being developed with the support of the government, the industry faced the very hindrance during the pandemic period and is to be recovered.
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