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What key factors are powering the surge in the hydro electricity market right now?

In the past few years, the hydroelectricity market has experienced consistent growth. It’s projected to increase from $319.18 billion in 2024 to $333.82 billion in 2025, with a compound annual growth rate (CAGR) of 4.6%. Causes for this growth during the earlier periods include factors such as the advancement of early industrialization and power generation, the construction of large-scale dams, rural electrification initiatives, global wars and energy requirements, and deregulation and market reforms.

How fast Is the hydro electricity market expected to grow, and what’s its future value?

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What are the leading drivers of growth in the hydro electricity market?

Emerging countries are introducing beneficial legislation expected to propel the hydroelectricity market forward. Governing bodies worldwide are implementing strategies to bolster the hydroelectricity market growth. For example, the International Energy Agency (IEA), a French government agency, reported in 2022 that the United States approved the Inflation Reduction Act in August of the same year. This act expanded tax relief for hydroelectric power technologies – a sign of the increasing acknowledgment of the importance of renewable energy resources. The implementation of these supportive laws is set to heighten the demand for hydropower, consequently stimulating the growth of the hydroelectricity market.

What are the key segments defining the hydro electricity market?

The hydro electricity market covered in this report is segmented –

1) By Product Type: Dike Type, Diversion Hydropower Station, Mixed Type, Tide, Pumped Storage

2) By Capacity: Large, Medium, Small

3) By Application: Residential, Commercial, Industrial

Subsegments:

1) By Dike Type: Dike Type Hydropower Plants, Earthen Dike Systems

2) By Diversion Hydropower Station: Run-of-River Hydropower Stations, Low-Head Diversion Systems

3) By Mixed Type: Combined Dike And Diversion Systems, Hybrid Hydropower Solutions

4) By Tide: Tidal Stream Energy Systems, Tidal Range Energy Systems

5) By Pumped Storage: Pumped Storage Hydropower Stations, Off-Peak Pumped Storage Systems

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Who are the key players steering the development of the hydro electricity market?

Major companies operating in the hydro electricity market include Andritz Hydro, BC Hydro, China Yangtze Power Co. Ltd., EDF (Électricité de France), Engie SA, General Electric Power, Iberdrola SA, Manitoba Hydro, National Hydroelectric Power Corporation (NHPC), RusHydro, Statkraft AS, Tata Power, Voith Hydro, Brookfield Renewable Partners, Innergex Renewable Energy, Sembcorp Industries, Duke Energy Corporation, Pacific Gas and Electric Company (PG&E), Hydro-Québec, Fortum Oyj, Itaipu Binacional, Ontario Power Generation, Pacific Hydro, Enel Green Power, Tokyo Electric Power Company (TEPCO), Sinohydro Group Ltd., Scottish Power, Kansai Electric Power

What emerging trends are influencing the growth of the hydro electricity market?

Notable entities in the hydro electricity sector encompass Andritz Hydro, BC Hydro, China Yangtze Power Co. Ltd., EDF (Électricité de France), Engie SA, General Electric Power, Iberdrola SA, Manitoba Hydro, National Hydroelectric Power Corporation (NHPC), RusHydro, Statkraft AS, Tata Power, Voith Hydro, Brookfield Renewable Partners, Innergex Renewable Energy, Sembcorp Industries, Duke Energy Corporation, Pacific Gas and Electric Company (PG&E), Hydro-Québec, Fortum Oyj, Itaipu Binacional, Ontario Power Generation, Pacific Hydro, Enel Green Power, Tokyo Electric Power Company (TEPCO), Sinohydro Group Ltd., Scottish Power, and Kansai Electric Power

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Which regions are most influential in expanding the hydro electricity market?

Asia-Pacific was the largest region in the hydroelectricity market in 2024. Western Europe was the second-largest region in the global hydroelectricity market share. The regions covered in the hydro electricity market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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