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North America Hydropower Generator Repair and Maintenance Market

North America Hydropower Generator Repair and Maintenance Market: By Type: General Repair, Overhaul; By Service: On-site Service, Off-site Service; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Value Chain Analysis; Competitive Landscape; 2024-2032

North America Hydropower Generator Repair and Maintenance Market Outlook

The North America hydropower generator repair and maintenance market attained a value of about USD 695.76 million in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 9.10% to reach nearly USD 1,522.63 million by 2032.

 

Rising Use of Hydropower to Meet Energy Requirements in North America is Stimulating the Hydropower Generator Repair and Maintenance Industry Growth

Hydropower accounts for a significant share in the overall energy requirements of the United States, accounting for 6.6% of all electricity generated and 38% of electricity produced from renewable sources in 2019. Similarly, in Canada, hydropower signifies more than 60% of total electricity generated.

 

North America Hydropower Generator Repair and Maintenance Market

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As a result, the need for regular maintenance and repair of hydropower generators is primarily augmenting the growth of the market. As hydropower generators are subjected to corrosive moisture, extreme temperatures, and extreme pressure frequently, it is imperative to ensure that these generators receive timely repair to keep the flow of hydropower. These factors are thus positively influencing the overall market growth of hydropower generator repair and maintenance in North America.

 

Hydropower Generator Repair and Maintenance: Market Segmentation

Moving water from rivers or lakes is directed through dams and hydroelectric power plants to generate hydroelectricity. Since hydropower generators are exposed to robust pressure and extreme environments, they need regular mending to ensure the continuation of hydroelectricity.

 

North America Hydropower Generator Repair and Maintenance Market

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On the basis of type, the market can be divided into:

  • General Repair
  • Overhaul

The market, based on service, can be segmented into:

  • On-site Service
  • Off-site Service

The EMR report looks into the regional markets of hydropower generator repair and maintenance in North America like the United States and Canada.

 

Advance Computing Technologies to Run Analysis to Bolster the Hydropower Generator Repair and Maintenance Industry Growth in North America

The North American market for hydropower generator repair and maintenance is anticipated to be led by the growth in the number of hydropower plants in the region. The growing focus on renewable sources of energy to reduce carbon and GHG emissions by shifting reliance on cleaner energy sources is expected to propel the market growth of repair and maintenance of hydropower generators. The market growth can further be associated with technological integrations into the maintenance and repair processes such as the use of AI to conduct spectrum and vibration analysis. Such techniques can help in detecting unwanted vibrations and extract the cause of problem, thereby promoting timely repairs. In addition to this, the market is predicted to benefit from time-to-time maintenance of hydropower generators to avoid large costs in the future.

 

North America Hydropower Generator Repair and Maintenance Market

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Key Industry Players in the North America Hydropower Generator Repair and Maintenance Market

The report presents a detailed analysis of the following key players in the North America hydropower generator repair and maintenance market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • ABB Ltd.
  • General Electric
  • Integrated Power Services, LLC
  • Renown Electric Motors & Repair Inc.
  • Nidec Industrial Solution
  • Toshiba Energy Systems & Solutions Corporation
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Service
  • Region
Breakup by Type
  • General Repair
  • Overhaul
Breakup by Service
  • On-site Service
  • Off-site Service
Breakup by Region
  • United States 
  • Canada
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • ABB Ltd.
  • General Electric
  • Integrated Power Services, LLC 
  • Renown Electric Motors & Repair Inc.
  • Nidec Industrial Solution
  • Toshiba Energy Systems & Solutions Corporation
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
7    Opportunities and Challenges in the Market
8    North America Hydropower Generator Repair and Maintenance Market Analysis
    8.1    Key Industry Highlights
    8.2    North America Hydropower Generator Repair and Maintenance Historical Market (2018-2023) 
    8.3    North America Hydropower Generator Repair and Maintenance Market Forecast (2024-2032)
    8.4    North America Hydropower Generator Repair and Maintenance Market by Type
        8.4.1    General Repair
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Overhaul
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
    8.5    North America Hydropower Generator Repair and Maintenance Market by Service
        8.5.1    On-site Service
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Off-site Service
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
    8.6    North America Hydropower Generator Repair and Maintenance Market by Region
        8.6.1    United States 
        8.6.2    Canada
9    Regional Analysis
    9.1    United States 
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
        9.1.3    Breakup by Type 
        9.1.4    Breakup by Service
        9.1.5    Breakup by Region
            9.1.5.1    West
            9.1.5.2    South
            9.1.5.3    Northwest
            9.1.5.4    Midwest
    9.2    Canada
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
        9.2.3    Breakup by Type 
        9.2.4    Breakup by Service
        9.2.5    Breakup by Region
            9.2.5.1    Central Canada
            9.2.5.2    West Coast
            9.2.5.3    Prairie Provinces
            9.2.5.4    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    ABB Ltd.
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    General Electric
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Integrated Power Services, LLC 
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Renown Electric Motors & Repair Inc.
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Nidec Industrial Solution
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Toshiba Energy Systems & Solutions Corporation
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    Others
13    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    North America Hydropower Generator Repair and Maintenance Market: Key Industry Highlights, 2018 and 2032
2.    North America Hydropower Generator Repair and Maintenance Historical Market: Breakup by Type (USD Million), 2018-2023
3.    North America Hydropower Generator Repair and Maintenance Market Forecast: Breakup by Type (USD Million), 2024-2032
4.    North America Hydropower Generator Repair and Maintenance Historical Market: Breakup by Service (USD Million), 2018-2023
5.    North America Hydropower Generator Repair and Maintenance Market Forecast: Breakup by Service (USD Million), 2024-2032
6.    North America Hydropower Generator Repair and Maintenance Historical Market: Breakup by Country (USD Million), 2018-2023
7.    North America Hydropower Generator Repair and Maintenance Market Forecast: Breakup by Country (USD Million), 2024-2032
8.    United States Hydropower Generator Repair and Maintenance Historical Market: Breakup by Type (USD Million), 2018-2023
9.    United States Hydropower Generator Repair and Maintenance Market Forecast: Breakup by Type (USD Million), 2024-2032
10.    United States Hydropower Generator Repair and Maintenance Historical Market: Breakup by Service (USD Million), 2018-2023
11.    United States Hydropower Generator Repair and Maintenance Market Forecast: Breakup by Service (USD Million), 2024-2032
12.    United States Hydropower Generator Repair and Maintenance Historical Market: Breakup by Region (USD Million), 2018-2023
13.    United States Hydropower Generator Repair and Maintenance Market Forecast: Breakup by Region (USD Million), 2024-2032
14.    Canada Hydropower Generator Repair and Maintenance Historical Market: Breakup by Type (USD Million), 2018-2023
15.    Canada Hydropower Generator Repair and Maintenance Market Forecast: Breakup by Type (USD Million), 2024-2032
16.    Canada Hydropower Generator Repair and Maintenance Historical Market: Breakup by Service (USD Million), 2018-2023
17.    Canada Hydropower Generator Repair and Maintenance Market Forecast: Breakup by Service (USD Million), 2024-2032
18.    Canada Hydropower Generator Repair and Maintenance Historical Market: Breakup by Region (USD Million), 2018-2023
19.    Canada Hydropower Generator Repair and Maintenance Market Forecast: Breakup by Region (USD Million), 2024-2032
20.    North America Hydropower Generator Repair and Maintenance Market Structure

Key Questions Answered in the Report

In 2023, the North America hydropower generator repair and maintenance market attained a value of USD 695.76 million.

The market is projected to grow at a CAGR of 9.10% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 1,522.63 million by 2032.

The market is being driven by the rising installation of hydropower plants in Canada and the United States to augment the usage of clean and renewable sources of energy and the corresponding need to check for regular repairs and maintenance to ensure a free flow.

The market growth is anticipated to be determined by the deployment of advanced computing technologies to run analysis to promote timely repairs.

The major types of hydropower generator repair and maintenance are general repair and overhaul.

The different services of hydropower generator repair and maintenance are on-site service and off-site service.

The major players in the industry are ABB Ltd., General Electric, Integrated Power Services, LLC, Renown Electric Motors & Repair Inc., Nidec Industrial Solution, and Toshiba Energy Systems & Solutions Corporation, among others.

Analyst Review

The North America hydropower generator repair and maintenance market attained a value of nearly USD 695.76 million in 2023, driven by the rising demand for cleaner energy sources. Aided by the rapid technological advancements, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 9.10%. The market is projected to reach about USD 1,522.63 million by 2032.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on type, the market can be divided into general repair and overhaul. On the basis of service, the market can be classified into on-site service and off-site service. The major regional markets for hydropower generator repair and maintenance in North America are the United States and Canada. The key players in the above market include ABB Ltd., General Electric, Integrated Power Services, LLC, Renown Electric Motors & Repair Inc., Nidec Industrial Solution, and Toshiba Energy Systems & Solutions Corporation, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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