Market research Future Hydropower Market Share, Size, Trend, Segmentation | Page 2

Hydropower Market Research Report- Forecast to 2023
1 Summary
As, Hydropower comes along with low levelised cost, high capacity utilization factor and ease of grid
parity, which will stimulate the global hydropower market size. Recently, Energy Information
Administration (EIA) quoted that, hydroelectricity capacity utilization factor (CUF) to be over 60% when
compared to 25% for Solar PV. Stringent government regulation towards reducing the global carbon
footprint coupled with depleting conventional resources will drive the global hydropower market.
However, the high initial investment cost of hydropower infrastructure with safety concern regarding it and
developing modern technology with alternative product launch can restrain global hydropower market.
The global hydropower market is expected to grow at a CAGR of more than 3% during the forecast period.
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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