Hydropower Market To Surpass USD 397.7 Billion By 2032 At A CAGR Of 5.6%


Hydropower, a stalwart in the renewable energy sector, has been making significant strides, evident from its market size reaching USD 232.8 billion in 2022. Projections indicate a robust trajectory, with expectations to soar to USD 397.7 billion by 2032, boasting a steady CAGR of 5.6% from 2023 to 2032. This remarkable growth trajectory not only underscores the increasing significance of renewable energy but also signals a pivotal shift towards sustainable energy solutions globally.

Let’s delve into the intricate dynamics shaping the hydropower market landscape:

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Hydropower MarketCurrent Market Trends:

Embracing Sustainability: With growing environmental concerns, there’s a notable shift towards clean energy sources, positioning hydropower as a frontrunner in the renewable energy landscape.

Technological Advancements: Innovations in hydropower technologies, such as pumped-storage hydropower and run-of-river systems, are enhancing efficiency and reliability, further driving market growth.

Integration of Smart Grids: The integration of hydropower with smart grid systems is enhancing grid stability and enabling effective management of renewable energy resources.

Market Dynamics:

Government Initiatives: Supportive government policies and incentives to promote renewable energy adoption are fueling market expansion.

Infrastructure Development: Investments in infrastructure development, particularly in emerging economies, are bolstering the growth of the hydropower market.

Environmental Regulations: Stringent environmental regulations aimed at reducing carbon emissions are driving the adoption of hydropower as a clean energy alternative.

Hydropower Market Segmentation

The worldwide market for hydropower is split based on size, component, end-user, and geography.

Hydropower Market by Sizes

  • Large Hydropower
  • Small Hydropower
  • Micro Hydropower

Hydropower Market by Components

  • Civil Construction
  • Electromechanical Equipment
  • Electric
  • Power Infrastructure
  • Others

Hydropower Market by End-Users

  • Residential
  • Commercial
  • Industrial

Table Of Content: https://www.acumenresearchandconsulting.com/table-of-content/hydropower-market

Regional Analysis:

Asia-Pacific: The Asia-Pacific region dominates the hydropower market, driven by extensive investments in hydropower projects in countries like China, India, and Southeast Asia.

Europe: Stringent environmental regulations and a growing emphasis on renewable energy are driving market growth in Europe.

North America: Increasing focus on reducing carbon footprint and enhancing energy security is fostering the adoption of hydropower in North America.

Key Market Players:

China Yangtze Power Co., Ltd.


Duke Energy Corporation

State Power Investment Corporation Limited


National Hydroelectric Power Corporation (NHPC) Limited

Ontario Power Generation Inc.

Tenaga Nasional Berhad

Statkraft AS

EDF Group

Competitive Landscape:

The hydropower market is characterized by intense competition, with key players focusing on strategic collaborations, mergers and acquisitions, and technological innovations to gain a competitive edge. Market players are also increasingly investing in research and development to enhance the efficiency and sustainability of hydropower generation.

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