Industry Outlook and Trend Analysis
The Hydropower Market has encountered significant development in the recent years and is anticipated to grow tremendously over the forecast period. Developing focus toward implementation of renewable energy integration combined with its wide applications extend including water supply for water system and surge control will drive the hydropower market development. Unstable costs of fossil fuel alongside measures towards energy security will additionally supplement the business. According to World Energy Council, power produced through hydropower represented 71% of the worldwide sustainable energy in 2015. High capacity usage factor, low cost and simplicity of lattice equality are certain parameters which will empower worldwide hydropower market estimate.
Capacity Outlook and Trend Analysis
Mini hydropower represented 2% of worldwide hydropower market share in 2016. Low environment impact and cost competitiveness are a portion of the points of interest which make its adoption favoured over other options. Developing demand for off grid electricity alongside foundation and upgrade of electric infrastructure will additionally animate the product landscape. Low civil construction cost combined with developing measures to constrain the emanations will cultivate small hydropower market size.
Regional Outlook and Trend Analysis
In 2016 U.S. hydropower market represented more than half of the North America share. Convenient accessibility of undiscovered reserves with developing measures towards reliable and clean is foreseen to drive the business development. Developing investment towards renewable energy may additionally supplement industry. Developing demand of electricity alongside measures to check carbon footprint will drive China hydropower market. Quick industrialization and urbanization is a portion of the elements empowering the business development.
The leading players in the market are Metso, China Three Gorges Corporation, RusHydro, ANDRITZ HYDRO GmbH, Agder Energi, General Electric, ABB India Limited, Voith, Georgia Power, Alfa Laval, Hydro-Québec and China Yangtze Power. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
The Hydropower Market is segmented as follows-
Micro and Pico Hydropower
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of MEA
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?