Hydropower Market to hit 1,300 GW installations by 2024
Jul 5, 2017
"U.S. hydropower market to witness lucrative gains over 2017-2024, soaring demand for clean and reliable electricity to drive the growth"
Ocean View, Delaware, United States - July 5, 2017 /MarketersMedia/ —
Hydropower market size having recorded cumulative installations of over 1,000 GW in 2016, is poised to witness a profitable roadmap over the coming years. Hydropower is most extensively used renewable source of power generation. According to EIA’s analysis, the CUF (capacity utilization factor) of hydroelectricity was over 60% in comparison to 25% of Solar PV. Growing measures toward reducing carbon footprints and demand for continuous electricity have fueled the hydropower industry growth. Hydropower installation projects are not only popular for generating clean electricity but also for keeping floods under control and storing water supply for irrigations. As per a report by Global Market Insights, Inc., Hydropower market size is projected to surpass 1,300 GW by 2024 with a CAGR projection of 2% over 2017-2024.
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Rising concerns over climate change and carbon emissions have impelled Europe to impose strict regulations regarding the energy conservation. The European Union Renewable Directive (2009/28/EC) has urged all the member states to aim for 20% of the final energy consumption from renewable sources by 2020. In 2014, hydropower accounted for 13.2% of the total electricity generation. France hydropower market is expected to surpass an installation capacity of 30 GW by 2024.
Based on capacity, in 2016, large hydropower covered 80% of the overall hydropower industry share, owing to tremendous electricity demand and installation projects in the emerging economies. Furthermore, driven by the cost effectiveness and low ecological impact, mini hydropower capacity segment accounted for 2% of the global hydropower market size in 2016. In February 2016, The University of Science and Technology of Hanoi, Vietnam installed 60 MW of mini capacity hydropower stations connecting 48 different locations with capacity generation from 100kW to 7500kW.
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Accounting for more than 50% of the overall North America share in 2016, U.S. hydropower market is estimated to record a 2% growth rate over 2017-2024. Growing focus toward the use of clean renewable electricity and huge untapped potential will drive the regional hydropower market growth. As per estimates by Oak Ridge National Laboratory (ORNL) and Non-Powered Dams (NPDs)m about 12,000 MW capacity can be harnessed from the existing untapped reserves. The American government has aggressively raised funds and investments to harness sustainable energy and develop smart electric grid. For instance, in 2015, Rey Development declared an investment of USD 60 million toward installation of hydroelectric stations across the region.
Key hydropower industry participants include Tata Power, China Three Gorges Corporation, Georgia Power, Ontario Power Generation, Alfa Laval, StatKraft, RusHydro, and General Electric.
Browse key industry insights spread across 120 pages with 108 market data tables & 8 figures & charts from the report, “Hydropower Market Size, By Capacity (Micro And Pico Hydropower, Mini Hydropower, Small Hydropower, Large Hydropower), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, France, Italy, Spain, Austria, Germany, China, India, Philippines, Japan, Vietnam, Nigeria, Kenya, Brazil, Peru, Ecuador), Price Trends, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/hydropower-market
Chapter 6 Hydropower Market, By Region
6.1 Global market share by region, 2016 & 2024
6.2 North America
6.2.1 Market estimates and forecast, 2014- 2024
6.2.2 Market estimates and forecast, by capacity, 2014- 2024
6.2.4 U.S.
6.2.4.1 Market estimates and forecast, 2014- 2024
6.2.4.2 Market estimates and forecast, by capacity, 2014- 2024
6.2.5 Canada
6.2.5.1 Market estimates and forecast, 2014- 2024
6.2.5.2 Market estimates and forecast, by capacity, 2014- 2024
6.2.6 Mexico
6.2.6.1 Market estimates and forecast, 2014- 2024
6.2.6.2 Market estimates and forecast, by capacity, 2014- 2024
6.3 Europe
6.3.1 Market estimates and forecast, 2014- 2024
6.3.2 Market estimates and forecast, by capacity, 2014- 2024
6.3.3 France
6.3.3.1 Market estimates and forecast, 2014- 2024
6.3.3.2 Market estimates and forecast, by capacity, 2014- 2024
6.3.4 Italy
6.3.4.1 Market estimates and forecast, 2014- 2024
6.3.4.2 Market estimates and forecast, by capacity, 2014- 2024
6.3.5 Spain
6.3.5.1 Market estimates and forecast, 2014- 2024
6.3.5.2 Market estimates and forecast, by capacity, 2014- 2024
6.3.6 Austria
6.3.6.1 Market estimates and forecast, 2014- 2024
6.3.6.2 Market estimates and forecast, by capacity, 2014- 2024
6.3.7 Germany
6.3.7.1 Market estimates and forecast, 2014- 2024
6.3.7.2 Market estimates and forecast, by capacity, 2014- 2024
6.4 Asia Pacific
6.4.1 Market estimates and forecast, 2014- 2024
6.4.2 Market estimates and forecast, by capacity, 2014- 2024
6.4.3 China
6.4.3.1 Market estimates and forecast, 2014- 2024
6.4.3.2 Market estimates and forecast, by capacity, 2014- 2024
6.4.4 India
6.4.4.1 Market estimates and forecast, 2014- 2024
6.4.4.2 Market estimates and forecast, by capacity, 2014- 2024
6.4.5 Philippines
6.4.5.1 Market estimates and forecast, 2014- 2024
6.4.5.2 Market estimates and forecast, by capacity, 2014- 2024
6.4.6 Japan
6.4.6.1 Market estimates and forecast, 2014- 2024
6.4.6.2 Market estimates and forecast, by capacity, 2014- 2024
6.4.7 Viet Nam
6.4.7.1 Market estimates and forecast, 2014- 2024
6.4.7.2 Market estimates and forecast, by capacity, 2014- 2024
6.5 Africa
6.5.1 Market estimates and forecast, 2014- 2024
6.5.2 Market estimates and forecast, by capacity, 2014- 2024
6.5.3 Nigeria
6.5.3.1 Market estimates and forecast, 2014- 2024
6.5.3.2 Market estimates and forecast, by capacity, 2014- 2024
6.5.4 Kenya
6.5.4.1 Market estimates and forecast, 2014- 2024
6.5.4.2 Market estimates and forecast, by capacity, 2014- 2024
6.6 Latin America
6.6.1 Market estimates and forecast, 2014- 2024
6.6.2 Market estimates and forecast, by capacity, 2014- 2024
6.6.3 Brazil
6.6.4.1 Market estimates and forecast, 2014- 2024
6.6.4.2 Market estimates and forecast, by capacity, 2014- 2024
6.6.5 Peru
6.6.5.1 Market estimates and forecast, 2014- 2024
6.6.5.2 Market estimates and forecast, by capacity, 2014- 2024
6.6.6 Ecuador
6.6.6.1 Market estimates and forecast, 2014- 2024
6.6.6.2 Market estimates and forecast, by capacity, 2014- 2024
Browse Full TOC @ https://www.gminsights.com/toc/detail/hydropower-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Info:
Name: Arun Hegde
Email: [email protected]
Organization: Global Market Insights, Inc.
Address: Suite L 105, Ocean View, Delaware 19970, United States
Phone: 1-888-689-0688
Source URL: http://marketersmedia.com/hydropower-market-to-hit-1300-gw-installations-by-2024/214478
For more information, please visit https://www.gminsights.com/industry-analysis/hydropower-market
Source: MarketersMedia
Release ID: 214478
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