Market Size of Hydropower Industry
| Study Period | 2020 - 2029 |
| Market Volume (2024) | 1.40 terawatt |
| Market Volume (2029) | 1.47 terawatt |
| CAGR (2024 - 2029) | 1.02 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Hydropower Market Analysis
The Hydropower Market size is estimated at 1.40 terawatt in 2024, and is expected to reach 1.47 terawatt by 2029, growing at a CAGR of 1.02% during the forecast period (2024-2029).
- Over the medium term, gactors such as the increasing number of new hydropower projects backed by government support and the rising demand for reliable electricity are expected to drive the market during the forecast period.
- On the other hand, negative environmental consequences of hydropower projects are likely to hinder the market growth during the forecast period.
- Nevertheless, emerging technological trends aimed at increasing hydropower generation are expected to provide significant opportunities for the hydropower market in the coming years.
- Asia-Pacifc is estimated to dominate the market due to increasing investment in hydropower projects across the various countries in the region.
