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Hydropower Market Segmentation by Capacity {Large Hydropower (Above 100 MW), Small Hydropower (Under 10 MW), and Others}; by Components (Electromechanical, Electric, Infrastructure, Civil, and Others); by End-User (Industrial, Utility, and Others) – Global Demand Analysis & Opportunity Outlook 2030

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Extensive insights into the Growth of Hydropower Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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  • June 30, 2021: GE group undertook the designing, engineering, manufacturing, erection supervision and the commissioning of the six Francis turbine generator sets for the Wudongde hydropower project in China.

  • July 05, 2021: Voith Hydro announced their selection for the upgradation project of Roxburgh hydropower plant in New Zealand.

Global Hydropower Market Highlights over 2022-2030

The global hydropower market is estimated to garner a substantial revenue by growing at a ~6% CAGR over the forecast period, i.e., 2022–2030. The growth of the market can be attributed to the increasing awareness amongst people for adoption of renewable form of energy. Hydropower is the electricity generated using water, and the abundance of water is a major factor estimated to boost the growth of the hydropower market.

Global Hydropower MarketAccording to a report by the International Environment Agency (IEA), hydropower generates more than half of the world’s low-carbon electricity, while its contribution is 55% higher than nuclear energy. In 2020, hydropower supplied 17% of global electricity, which is thirdlargest after coal and natural gas. Hydropower has massive potential to fulfil the global need for energy as a primary source, if utilized efficiently, which is estimated to boost the market growth. Moreover, major market players are investing in hydro power plants, which is expected to further support the market growth. CLICK TO DOWNLOAD SAMPLE REPORT

Hydroelectricity Share

The global hydropower market is segmented by capacity into large hydropower, small hydropower, and others, out of which, the small hydropower segment is anticipated to hold the largest share in the market during the forecast period on account of increasing installation of small hydropower plants on rivers to supply electricity in the rural areas. Moreover, small hydropower requires less capital investment, infrastructure, and resources, which is estimated to boost the growth of the segment.

On the basis of components, the market is segmented into electromechanical, electric, infrastructure, civil, and others, out of which, the civil segment is anticipated to gain largest revenue share over the forecast period, owing to the high cost involved in the structural development and management, along with the necessity of building weirs and dams as per standard quality.

Major Macro-Economic Indicators Impacting the Market Growth

Electricity Consumption

In 2018, the world’s total energy supply was 14282 Mtoe, wherein the highest share in terms of source was captured by oil, accounting for 31.6%, followed by coal (26.9%), natural gas (22.8%), biofuels and waste (9.3%), nuclear (4.9%), hydro (2.5%), and other (2.0%). Where there was an increase in energy demand in 2018, the year 2019 witnessed slow growth as the energy efficiency improved owing to decline in the demand for cooling and heating. However, in 2020, the electricity demand decreased by 2.5% in the first quarter of 2020 due to the outbreak of Coronavirus resulting in government imposed shutdowns in order to limit the spread of the virus, which was further followed by shutdown of numerous business operations impacting their growth. This also resulted in decline of 5.8% in the worldwide CO2 emissions which was recorded to be five times larger than the one recorded during the global financial crisis in 2009. However, in 2021, the demand for oil, gas and coal is estimated to witness growth, which is further projected to create opportunities for market growth. Moreover, rising environment degradation and awareness related to climate change is motivating many key players to employ sustainable energy strategies and invest significantly in environment-friendly power generation technologies with an aim to promote sustainable development among various nations around the world. Such factors are anticipated to promote the growth of the market in upcoming years.

Global Hydropower Market Regional Synopsis

Regionally, the global hydropower market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific region is estimated to garner largest share over the forecast period on the back of presence of multiple waterbodies favorable for setting up hydropower plants, favorable climatic conditions, and mounting demand for electricity for the rural development in nations, such as, India, Vietnam, and China. According to the International Hydropower Association, China is the world’s biggest producers of hydroelectricity, generating 1,302.00 TWh power in 2019. Moreover, growing economic development and environmental awareness amongst the informed population are also expected to boost the market growth.

The market in the Europe region is estimated to witness significant CAGR over the forecast period on the back of adoption of renewable energy in the region, along with high public awareness regarding the conservation of environment. Moreover, government initiatives to go carbon-free in countries, such as, Norway, France, The Netherlands, Germany, and others, are estimated to drive the market growth in the region.

Global Hydropower Market

The global hydropower market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Market Segmentation

Our in-depth analysis of the global hydropower market includes the following segments:

By Capacity

  • Large Hydropower (Above 100 MW)
  • Small Hydropower (Under 10 MW)
  • Others

By Components

  • Electromechanical
  • Electric
  • Infrastructure
  • Civil
  • Others

By End-User

  • Industrial
  • Utility
  • Others

Growth Drivers

  • Growing Adoption of Renewable Energy
  • Abundance of Water Sources for Generation of Electricity


  • High Capital Investment
  • Requirement of Large Land and other Resources

Top Featured Companies Dominating the Market

  • GE Group
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Siemens AG
  • Bharat Heavy Electricals Limited
  • Voith GmbH & Co. KGaA
  • ALSTOM Holdings
  • The Vattenfall Group
  • Gilbert Gilkes & Gordon Ltd.
  • HYDROCHINA International Engineering Co., Ltd.
  • JSC RusHydro


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