Market research Future Global Hydropower Market Information Report 2018. | Page 2

Hydropower Market industry Research Report- Forecast to 2023
1 Summary
The growing attention towards efficiencies of conversion of the adoption of renewable energy integration
coupled with its wide applications range including water supply for irrigation and flood control will boost
the hydropower market growth during the forecast period. The global volatility in fossil fuel prices along
with initiatives towards energy security will further complement the hydropower industry landscape.
Hydropower is one of the oldest sources of energy which was used for thousands of years ago, to turn
paddle wheels that help grind grain. Hydropower is a versatile, sustainable technology and it is the world’s
largest source of the renewable energy and currently accounts for about 20% of the world’s total electricity
supply.
Key Players:
The key players of global hydropower market are Voith GmbH (Germany), ANDRITZ HYDRO GmbH
(Austria), General Electric Company (U.S), China Three Gorges Corporation (China), Alfa Laval
(Sweden), Metso Corporation (Sweden), Hydro-Québec (Canada), ABB Ltd (Switzerland), Engie (France)
and Tata Power Corporation (India).
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