Global Hydropower Generation Market to Grow at a CAGR of 6.0% During 2024-2032, Aided by Rising Investments into the Development of Various Hydropower Plants in Emerging Economies

The Asia Pacific region is anticipated to hold a significant share in the overall growth of hydropower generation in the coming years. This can be associated with the rising investments into the establishment of various hydropower generation facilities in countries like India, Indonesia, Japan, South Korea, and China, among other countries within the region. In line with the increasing environmental concerns, depleting fossil reserves, and rising air pollutions in the region, the demand for cleaner energy is fuelling the market growth in the region. In addition, the rising infrastructural projects in the region, on account of rapid industrialisation and urbanisation, are pressing the demand for electricity, which is another factor stimulating the market growth of hydropower generation in the Asia Pacific region.

In September 2021, the World Bank’s Board of Executive Directors approved a loan to develop Indonesia’s first pumped-storage hydropower plant, aiming to improve power generation capacity during peak demand while supporting the country’s energy transition and decarbonisation goals. The financing would support the construction of the Upper Cisokan pumped storage hydropower plant, to be located between Jakarta and Bandung. The establishment would have significant power generation capacity to meet peak demand and provide significant storage capacity to meet the growing energy requirements of Jakarta and Bandung consumers. Furthermore, pumped storage hydropower plays a crucial role in decarbonising efforts. Therefore, such initiatives are stimulating the overall growth of the market. The market growth can further be associated with the expansion strategies employed by leading market players like Tata Power Corporation (NSE: TATAPOWER).

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Market Analysis by Capacity and Region:

• Based on capacity, the market can be categorised into small hydropower plant (up to 1MW), medium hydropower plant (1MW - 10MW), and large hydropower plant (Above 10MW).

• The major regional markets for hydropower generation include North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.

Key Findings of the Report:

• The market growth can be associated with the surging focus on renewable forms of energy to reduce dependency on depleting fossil fuels and reduce carbon and GHG emissions.

• The long-term cost-effectiveness of hydropower with minimum recurring costs compared to energy produced from coal is positively influencing the market's growth.

• The surging demand for energy from commercial, residential, and industrial sectors invigorates the demand for sustainable energy means, thereby propelling market growth.

• The flexibility offered by hydropower plants which enables them to adjust quickly to shift in demands as per user need, thereby saving energy and compensating for fluctuations in supply from other electricity sources, is pushing the market growth.

Key Offerings of the Report:

• The EMR report gives an overview of the global hydropower generation industry for the periods (2018-2023) and (2024-2032).

• The report also offers historical (2018-2023) and forecast (2024-2032) markets for capacities and major regions.

• The report analyses market dynamics, covering the key demand and price indicators in the market along with an assessment of the SWOT and Porter’s Five Forces Model.

The major players in the global hydropower generation market are Andritz Hydro USA Inc., GE Energy, CPFL Energia S.A, Sinohydro Corporation, Tata Power Corporation, and Alstom Hydro, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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