Market Size of North America Hydropower Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 1.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Hydropower Market Analysis
The North American 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 and the fact that the United States electricity market is regulated.
- Nevertheless, the technological advancements in efficiency and decrease in the production cost of hydropower projects are expected to create ample opportunity for market players.
The United States is expected to be the biggest market for hydropower in the region. This is because the country is investing more in the sector and has the most hydropower energy already installed.
