United States Hydropower Market Size Analysis Report - Market Share, Forecast Trends and Outlook (2025-2034)

The United States hydropower market attained a volume of 103.94 Gigawatt in 2024 . The industry is expected to grow at a CAGR of 4.60% during the forecast period of 2025-2034 to attain a volume of 162.97 Gigawatt by 2034 .

United States Hydropower Market Outlook

The United States hydropower market expansion is being fuelled by increasing government investments in the expansion of renewable energy infrastructure. As per the Energy Information Administration of the United States, hydropower generation is anticipated to grow by 6% in 2024 with notable increases in the region of the Rocky Mountains and Southeast (including Alabama, North Carolina, and Tennessee) by 106 billion KWh.

The United States has a significant potential for hydropower generation, with the state of New York accounting for nearly 6% of its hydropower-based electricity output. The implementation of the Inflation Reduction Act has further bolstered the USA’s commitment to diversifying its renewable energy resources for power production. This is expected to lead to the United States hydropower market development in the coming years.

The Rising Popularity of Run-of-River Hydropower is One of the Crucial United States Hydropower Market Trends

• Run-of-river hydropower is projected to dominate the market by type with a CAGR of 5.2%. The lower environmental impact of run-of-river hydropower and its increasing popularity as a sustainable energy solution are creating the United States hydropower market opportunities.
• Reservoir hydropower follows with a CAGR of 4.9%, reflecting its reliability and ability to provide energy storage and flood control in addition to electricity generation.
• Pumped storage hydropower is assessed to grow at a CAGR of 4.7% during the forecast period of 2025-2034. The role of pumped storage hydropower in balancing grid demand and providing energy storage is driving the United States hydropower demand growth.
• Offshore hydropower, with a CAGR of 4.4%, continues to grow as a niche segment, particularly in regions with suitable marine environments.
• As per the United States hydropower market analysis, the 'Others' category, with a CAGR of 4.1%, includes additional hydropower types contributing to overall market growth but at a slower pace due to their specialised or emerging nature.

The Growing Development of Small-Scale Renewable Energy Projects is Driving the United States Hydropower Market Growth

• Small hydropower (up to 10 MW) is expected to lead the market by capacity, with a CAGR of 5.1%. The increasing focus on decentralised energy production and the development of small-scale renewable energy projects are surging the United States hydropower market value.
• Medium hydropower (10MW-100MW) follows with a CAGR of 4.8%, reflecting its essential role in providing reliable and renewable energy for mid-sized communities and industries.
• As per the United States hydropower industry statistics, large hydropower (Above 100 MW), with a CAGR of 4.4%, maintains steady growth due to its importance in large-scale energy production, though its growth is moderated by the high costs and environmental concerns associated with large dam projects.

United States Hydropower Market Regional Analysis

• The Far West region is expected to lead the market with the highest CAGR of 5.3%. The region's abundant hydropower resources and strong government support for renewable energy projects are boosting the United States hydropower market revenue.
• The Rocky Mountain region follows with a CAGR of 5.0%, supported by its favourable topography for hydropower and increasing investments in sustainable energy infrastructure.
• The Southwest, with a CAGR of 4.7%, is expected to hold a significant portion of the United States hydropower market share. The region benefits from growing efforts to diversify energy sources and reduce carbon emissions.
• The Southeast region, growing at a CAGR of 4.5%, shows steady growth due to its combination of existing hydropower facilities and ongoing modernisation efforts.
• New England, at 4.3%, reflects consistent demand, particularly due to its commitment to clean energy and the utilisation of smaller hydropower projects.
• The United States hydropower market regional insights suggest that The Mideast, Plains, and Great Lakes regions, with CAGRs of 3.9%, 3.7%, and 3.4%, respectively, experience slower growth due to market maturity, geographical limitations, and differing levels of investment in hydropower.

Key Questions Answered in This Report:

• How has the United States hydropower market performed historically, and what are the growth expectations for the future?
• What are the primary factors influencing demand and growth in the United States hydropower market?
• What are the key segments within the United States hydropower market, and how are they expected to evolve over the forecast period?
• What are the major challenges and opportunities facing stakeholders in the United States hydropower market?
• Who are the key players in the United States hydropower market, and what strategies are they employing to maintain a competitive edge?
• What are the regulatory and policy factors influencing the United States hydropower market globally or regionally?
• How competitive is the United States hydropower market according to Porter's five forces analysis, including factors like bargaining power of buyers and suppliers?
• What are the current trends shaping the United States hydropower market landscape, and how are they expected to evolve in the future?
• How are technological advancements impacting the United States hydropower market, and what role do innovation and R&D play in driving growth?
• What are the consumer preferences and buying behavior trends influencing the United States hydropower market?
• How sustainable are current growth rates in the United States hydropower market, and what factors could potentially disrupt these trends?
• What are the regional dynamics within the United States hydropower market, and how do they contribute to overall market growth?
• What are the economic factors influencing the United States hydropower market, such as GDP growth, inflation rates, and currency fluctuations?
• How are demographic shifts, such as aging populations or urbanization trends, affecting demand in the United States hydropower market?
• What are the key strategic partnerships, mergers, and acquisitions shaping the competitive landscape of the United States hydropower market?
• What are the regulatory and legal frameworks impacting the United States hydropower market globally or in key regions?
• How are changing consumer lifestyles and preferences influencing product or service demand within the United States hydropower market?
• What are the emerging market trends and niche opportunities within the United States hydropower market that stakeholders should be aware of?
• How resilient is the United States hydropower market to external shocks or disruptions, such as geopolitical tensions or natural disasters?
• What are the potential barriers to market entry and growth for new players in the United States hydropower market?

Key Benefits for Stakeholders:

Expert Market Research's industry report provides a comprehensive quantitative analysis of various market segments, historical and current market trends, and forecasts the dynamics of the United States hydropower market spanning from 2018 to 2034.

The research report delivers up-to-date insights into the market drivers, challenges, and opportunities shaping the United States hydropower industry.

Stakeholders can leverage Porter's five forces analysis to assess the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. This analysis aids in evaluating the competitiveness and attractiveness of the United States hydropower market.

The competitive landscape section enables stakeholders to gain a deep understanding of their competitive environment. It offers insights into the current market positions of key players, their strategies, and their market shares.

Additionally, the report highlights emerging trends, regulatory influences, and technological advancements that are pivotal for stakeholders navigating the United States hydropower market landscape.