Hydropower Market Growth, Demand and Challenges of the Key Industry Players 2023-2028
                     Global Hydropower 
Market Research and 
Forecast Report 2023-
2028
Format: PDF+EXCEL
© 2023 IMARC All Rights Reserved 
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In ternat ional  Market  Analys is  Research and Consul t ing Group is  a leading adv iser  on management  
s t rategy and market  research wor ldwide.  We par tner  wi th c l ients  in  a l l  regions and indust ry  
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t ransform thei r  bus inesses.
IMARC’s in format ion products  inc lude major market ,  sc ient i f ic ,  economic and technological  
developments  for  bus iness leaders  in  pharmaceut ica l ,  indust r ia l ,  and h igh technology 
organizat ions.  Market  forecasts  and indust ry  analys is  for  b iotechnology,  advanced mater ia ls ,  
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are at  the top of  the company’s  exper t ise.
IMARC’s ta i lored approach combines unfathomable ins ight  in to the dynamics o f  companies and 
markets wi th c lose cooperat ion at  a l l  levels  of  the c l ient  organizat ion.  This ensures that  our  c l ients 
achieve unmatchable compet i t ive advantage,  bui ld  more pro f ic ient  organizat ions,  and secure 
las t ing resul ts .
Acco r d ing  t o  t he  l a t es t  r epo r t  b y  I M ARC  G r oup ,  t i t l ed  " Hy dropo w er  M ar ke t :  G l o ba l  
I ndu st ry  T r ends ,  Sh are ,  S i z e ,  G row t h ,  O pp or t un i t y  and  For ecas t  20 23 -
2028 , "  t he  g loba l  hy d r opow er  m ar k e t  s i z e  r ea che d  1 . 5  TW in  202 2 .
Hyd r opowe r  r e f e r s  t o  a  r ene wab le  ene r g y  so u r ce  t ha t  uses  dam s  o r  d i ve r s ion  
s t r u c t u r es  t o  g ene r a t e  pow er  f r om  t h e  k ine t i c  ene r gy  o f  f l ow in g  w a t e r .  I t  ope r a t es  
Report t h r o ugh  d am s  w i t h  se ason a l  s t o r age  o r  t h r ou gh  pum ped- s t o r age  r eve r s ib le  p lan t s  
t ha t  can  b e  used  f o r  bo t h  t he  g ene r a t i on  an d  t r an sm i ss ion  o f  ene r gy .  I m poun dm e n t ,  
Highlight and d ive r s ion ,  pu m ped  s t o r ag e ,  r un - o f - r i v e r ,  and  o f f sh o r e  a r e  som e  com m on ly  us ed  hyd r opow er  f a c i l i t i es .  
They  a r e  w ide l y  u sed  t o  gen e r a t e ,  supp ly ,  and  s t o r e  c lea n  e ne r g y  and  p r o v ide  
Description i r r i g a t i on  supp o r t  t o  f i e l ds  and  ag r o - p r oc ess in g  ac t i v i t i e s .  H yd r o power  i s  a  l ow - co s t ,  
r e l i ab le ,  ve r s a t i l e ,  a nd  c lean  sou r ce  o f  e lec t r i c i t y  gene r a t i on .  I t  a l s o  a ss i s t s  i n  
r esp ons ib le  wa t e r  m a nage m en t  a nd  p r ov ides  f l ood  con t r o l ,  c l e an  d r i n k ing  wa t e r ,  a nd  
esse n t i a l  backu p  pow er  d u r i ng  e lec t r i c i t y  ou t ages .
Reque st  f o r  a  PDF  sam pl e  o f  t h i s  re por t :  
h t t p s : / / www. im ar c g r ou p . com / hyd r opo wer - m ar ke t / r eq ues t sam p le
Report Description
G lo b a l  H y d r o p o w e r  M a r k e t  T r e n d s :
T h e  i n c r e a s i n g  d e m a n d  f o r  s u s t a i n a b l e  e n e r g y  s o u r c e s ,  c o u p l e d  w i t h  r i s i n g  e n v i r o n m e n ta l  c o n c e r n s  a s s o c i a t e d  w i t h  f o s s i l  f u e l  
c o n s u m p t i o n ,  a r e  a m o n g  t h e  k e y  f a c t o r s  d r i v i n g  t h e  m a r k e t  g r o w th .  H y d r o p o w e r  i s  w i d e l y  u s e d  a s  a n  a l t e r n a t i v e  s o u r c e  o f  e n e r g y  
g e n e r a t i o n  i n  p l a c e  o f  n a tu r a l  g a s ,  o i l ,  a n d  c o a l - b a s e d  t h e r m a l  p o w e r  p l a n t s  d u e  t o  i t s  m i n i m a l  e n v i r o n m e n ta l  f o o t p r i n t  a n d  
g r e e n h o u s e  g a s  ( G H G )  e m i s s i o n .  F u r t h e r m o r e ,  t h e  w i d e s p r e a d  a d o p t i o n  o f  s m a l l  h y d r o p o w e r  ( S H P )  p l a n t s  t h a t  a r e  h i g h l y  f l e x i b l e  
a n d  p r o v i d e  r e l i a b l e ,  c o s t - e f f e c t i v e ,  a n d  e n o r m o u s  a m o u n t s  o f  e n e r g y ,  i r r e s p e c t i v e  o f  t h e  w e a t h e r ,  c l i m a t e ,  s e a s o n ,  a n d  t i m e  o f  
d a y ,  i s  p r o v i d i n g  a  c o n s i d e r a b l e  b o o s t  t o  t h e  m a r k e t  g r o w th .  
A d d i t i o n a l l y ,  t h e  r e c e n t  d e v e l o p m e n t  o f  c l o s e d - l o o p  p u m p e d  s to r a g e  h y d r o p o w e r  ( P S H )  t h a t  r e d u c e s  c o s t ,  s h o r t e n s  t h e  
d e v e l o p m e n t  t i m e l i n e ,  a n d  m i n i m i z e s  t h e  e n v i r o n m e n t a l  e f f e c t  o n  a q u a t i c  a n d  t e r r e s t r i a l  h a b i t a t s  i s  c r e a t i n g  a  p o s i t i v e  o u t l o o k  f o r  
t h e  m a r k e t .  O t h e r  f a c to r s ,  i n c l u d i n g  t h e  i m p l e m e n ta t i o n  o f  f a v o r a b l e  p o l i c i e s  b y  s e v e r a l  g o v e r n m e n t s  t o  p r o m o te  t h e  u s e  o f  
r e n e w a b l e  e n e r g y  s o u r c e s  a n d  t h e  a d o p t i o n  o f  a d v a n c e d  t e c h n o l o g i e s ,  s u c h  a s  s ma r t  s e n s o r s  a n d  t h e  i n d u s t r i a l  i n t e r n e t  o f  t h i n g s  
( I I o T ) ,  a r e  a n t i c i p a t e d  t o  d r i v e  t h e  m a r k e t  g r o w t h .
L o o k in g  f o r w a r d ,  t h e  m a r k e t  i s  e x p e c t e d  t o  r e a c h  a  v o lu m e  o f  1 .6  T W b y  2 0 2 8 ,  e x h i b i t i n g  a  C A G R  o f  1 . 5 %  d u r i n g  2 0 2 3 - 2 0 2 8 .
V ie w  R e p o r t  T O C ,  F i g u r e s  a n d  T a b l e s :  h t t p s : / / w w w . i m a r c g r o u p . c o m / h y d r o p o w e r - m a r k e t
Breakup by Size:
• Large Hydropower (Greater Than 100 MW)
• Small  Hydropower (Smaller Than 10 MW)
• Others
 
Breakup by Application:
• Industr ial
Report 
• Residentia l
Segmentation • Commercia l
Breakup by Region:
• North America
• Asia-Pacifi c
• Europe
• Lat in America
• Middle East  and Afr ica
• ABB Ltd.
• American Hydro Corporat ion (Wärts i lä  Oyj  Abp)
• Andr itz  AG
• China Yangtze Power Co.  Ltd.  (China Three 
Competitive Gorges Corporat ion)
Landscape • Companhia Energét ica de Minas Gerais
• Électr ic i té de France S.A.
with Key • General  E lectr ic  Company
Players • Iberdrola S.A.
• RusHydro
• Siemens Energy AG
• Tata Power Company Limited
• Voith GmbH & Co. KGaA.
What was the size of the global hydropower market 
in 2022?
What is the expected growth rate of the global 
hydropower market during 2023-2028?
What are the key factors driving the global 
Key hydropower market?
Questions What has been the impact of COVID-19 on the 
global hydropower market?
Answered in 
What is the breakup of the global hydropower 
the Report market based on size?
What is the breakup of the global hydropower 
market based on the application?
What are the key regions in the global hydropower 
market?
Who are the key players/companies in the global 
hydropower market?
1     P r e f a c e
2     S c o p e  a n d  M e t h o d o l o g y
    2 . 1     O b j e c t i v e s  o f  t h e  S t u d y
    2 . 2     S t a k e h o l d e r s
    2 . 3     D a t a  S o u r c e s
        2 . 3 . 1     P r i m a r y  S o u r c e s
        2 . 3 . 2     S e c o n d a r y  S o u r c e s
    2 . 4     M a r k e t  E s t i m a t i o n
        2 . 4 . 1     B o t t o m - U p  A p p r o a c h
Table of         2 . 4 . 2     T o p - D o w n  A p p r o a c h    2 . 5     F o r e c a s t i n g  M e t h o d o l o g y
3     E x e c u t i v e  S u m m a r y
4     I n t r o d u c t i o n
    4 . 1     O v e r v i e w
Contents     4 . 2     K e y  I n d u s t r y  T r e n d s5     G l o b a l  H y d r o p o w e r  M a r k e t
    5 . 1     M a r k e t  O v e r v i e w
    5 . 2     M a r k e t  P e r f o r m a n c e
    5 . 3     I m p a c t  o f  C O V I D - 1 9
    5 . 4     M a r k e t  F o r e c a s t
6      M a r k e t  B r e a k u p  b y  S i z e
    6 . 1     L a r g e  H y d r o p o w e r  ( G r e a t e r  T h a n  1 0 0  M W )
        6 . 1 . 1  M a r k e t  T r e n d s
        6 . 1 . 2  M a r k e t  F o r e c a s t
    6 . 2     S m a l l  H y d r o p o w e r  ( S m a l l e r  T h a n  1 0  M W )
        6 . 2 . 1  M a r k e t  T r e n d s
        6 . 2 . 2  M a r k e t  F o r e c a s t
    6 . 3     O t h e r s
        6 . 3 . 1  M a r k e t  T r e n d s
        6 . 3 . 2  M a r k e t  F o r e c a s t
7    M a r k e t  B r e a k u p  b y  A p p l i c a t i o n
       
      7 . 1       I n d u s t r i a l
            7 . 1 .1  M a r ke t  Tren d s
            7 . 1 .2  M a r ke t  Fo rec a s t
      7 .2       Res i d e n t i a l
            7 . 2 .1  M a r ke t  Tren d s
            7 . 2 .2  M a r ke t  Fo rec a s t
      7 .3       C o m m erc i a l
            7 . 3 .1  M a r ke t  Tren d s
            7 . 3 .2  M a r ke t  Fo rec a s t
8     Market  B reakup  by  Reg ion
      8 .1       N o r t h  A m e r i c a
Table of             8 . 1 .1  U n i t e d  S t a t es                 8 . 1 . 1 . 1  M a r ke t  Tre n ds
                 8 . 1 . 1 . 2  M a r ke t  Fo rec a s t
            8 . 1 .2  C a n a da
Contents                  8 . 1 . 2 . 1  M a r ke t  Tre n ds                 8 . 1 . 2 . 2  M a r ke t  Fo rec a s t
      8 .2       A s i a - Pa c i fi c
            8 . 2 .1  C h in a
                 8 . 2 . 1 . 1  M a r ke t  Tre n ds
                 8 . 2 . 1 . 2  M a r ke t  Fo rec a s t
            8 . 2 .2  J a p a n
                 8 . 2 . 2 . 1  M a r ke t  Tre n ds
                 8 . 2 . 2 . 2  M a r ke t  Fo rec a s t
            8 . 2 .3  I n d i a
                 8 . 2 . 3 . 1  M a r ke t  Tre n ds
                 8 . 2 . 3 . 2  M a r ke t  Fo rec a s t
        8 . 2 . 4  S o u t h  K o r e a
           8 . 2 . 4 . 1  M a r k e t  T r e n d s
           8 . 2 . 4 . 2  M a r k e t  F o r e c a s t     
F o r  m o r e  i n f o r m a t i o n ,  v i s i t :  
h t t p s : / / w w w. im a rcg ro u p . co m / h y d ro p o w e r- m a r ke t / t o c
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