Market Size of Europe Hydropower Industry
|Study Period||2018- 2028|
|Base Year For Estimation||2022|
|Forecast Data Period||2023 - 2028|
|Historical Data Period||2018 - 2021|
|CAGR||> 1.00 %|
*Disclaimer: Major Players sorted in no particular order
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Europe Hydropower Market Analysis
The European hydropower market is expected to register a CAGR of more than 1% during the forecast period.
In 2020, COVID-19 negatively impacted the market. Presently, the market has reached pre-pandemic levels.
- Over the next five to ten years, the market will likely be driven by investments in hydropower plants and the demand for renewable energy.
- On the other hand, the growth of the market is likely to be slowed by the high initial cost of building.
- Nevertheless, countries in the region focus on reducing their carbon emissions under the Paris climate accord, and hydropower is considered among the major proponents of the transition. This is expected to provide opportunities to the market players.
- Russia is expected to have the largest hydropower market in the region because it is investing more in the sector and has the most hydropower energy already in place.