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Hydropower Market Share, Size,Growth, Key Players, Outlook and
Forecasts to 2020 | Hexa Research
“ Global hydropower market capacity is expected to grow to 1,525 GW by
2020.”
24 December 2018
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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