Hydropower Market Share , Size , Trends , Growth , Industry Analysis and Forecast to 2020 | Hexa Research
Your Catalyst To a Lucrative Business
Hydropower Market Share , Size , Trends , Growth , Industry Analysis and Forecast to 2020 | Hexa Research
" Increasing demand for renewable energy over conventional energy is expected to drive global hydropower market by 2020 ."
Global hydropower market capacity is expected to grow to 1,525 GW by 2020 . Although fossil fuels continue to be the most popular form of generating electricity , their reserves are fast depleting . Moreover , this type is associated with environmental damage . This has contributed to the development of alternative energy sources such as hydropower .
Hydropower does not lead emit greenhouse gases and toxic waste . It is one of the cheapest sources and offers a huge cost advantage to vendors . The IEA ( International Energy Agency ) foresees use to hydropower to reduce carbon emissions by about one billion tones , by 2050 .
Flowing water is readily available due to the natural phenomena of rainfall and snow . Based on the requirement , turbines are conveniently adjusted to control the flow of water . These factors are expected to prove favorable for market growth . A significant part of this growth would be through run-of-river and pumped storage hydropower projects .
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