Hydropower Generation Market Report and Forecast 2025-2034

The global hydropower generation market attained a value of more than USD 236.97 Billion in 2024. The market is further expected to grow in the forecast period of 2025-2034 at a CAGR of 6.00% to reach over USD 424.38 Billion by 2034.

Rising Demand for Clean Electricity Furthering the Growth of the Market

The global market for hydropower generation is being driven by the surging demand for cleaner energy sources on account of rising global warming, rising carbon and GHG emissions, and depleting fossil fuels. The rise in global populations and the establishment of various commercial and industrial spaces have been witnessing an augmented demand for electricity, thereby stimulating the adoption of hydroelectricity and pushing the market growth of hydropower generation.

Moreover, owing to rising environmental concerns around the world, governing agencies of many developed and developing nations are actively investing in hydropower generation projects to promote sustainability. In addition to this, the implementation of policies to maximise sustainability, along with promoting social, economic, and environmental advantage, are providing impetus to the market growth. In addition, due to the long-term cost-effectiveness of hydropower with minimum recurring costs as compared to energy produced from coal, the market is further escalating.

Hydropower Generation: Market Segmentation

Hydropower refers to a clean, sustainable, and renewable form of energy that harnesses the power of moving water in order to generate electricity. Generators driven by turbines convert the potential energy of fast-paced falling water into mechanical energy.

Based on capacity, the market can be classified into:

• Small Hydro Power Plant (Up to 1MW)
• Medium Hydro Power Plant (1MW - 10MW)
• Large Hydro Power Plant (Above 10MW)

Market Breakup by Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Flexibility of Hydropower Plants to Stimulate the Market Growth of Hydropower Generation

The growth in the global market for hydropower generation can be associated with the efficiency of hydropower plants. Many hydropower plants have the ability to ramp their electricity generation up and down very rapidly in addition to being stooped and restarted smoothly as compared to other power plants, such as nuclear or coal. Such flexibility enables them to adjust quickly to shift in demands as per user need, thereby saving energy, and compensating for fluctuations in supply from other electricity sources. This is bolstering the growth of the market. Moreover, the rapid deployment and growing preference for hydroelectricity can be associated with its security of electricity generation as wind power primarily depends on weather conditions. Thus, these are some of the factors boosting the market growth of hydropower generation, which is a major source for providing clean and secure electricity systems.

Key Industry Players in the Global Hydropower Generation Market

The report presents a detailed analysis of the following key players in the global hydropower generation market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Andritz Hydro USA Inc.
• GE Energy
• CPFL Energia S.A
• Sinohydro Corporation
• Tata Power Corporation
• Alstom Hydro
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.