Hydropower Plants Market to be Worth $318.3 Billion by 2030

5/15/24, 10:35 AM Hydropower Plants Market to be Worth $318.3 Billion by 2030 Hydropower Plants Market to be Worth $318.3 Billion by Hydropower Plants Market to be Worth $318.3 Billion by 2030 - Exclusive Report by Meticulous Research Company Pro?le Meticulous Market Research Pvt. Ltd. Industry: Business Support Services Hydropower Plants Market by Component Website: http://www.meticul ousresearch.com/ (Solutions [Electromechanical and Hydraulic Equipment, Electric Infrastructure, Civil Infrastructure], Services), Capacity, Type, and Geography - Global Forecast to 2030 Press Release Actions July 24, 2023 | Source: Meticulous Market Follow 10:00 ET Research Pvt. Ltd. Print Download PDF Subscribe via RSS Subscribe via ATOM Share Javascript Redding, California, July 24, 2023 (GLOBE NEWSWIRE) -- According to a new market research report titled, Hydropower Plants Market by Component (Solutions [Electromechanical and Hydraulic Equipment, Electric Infrastructure, Civil Infrastructure], Services), Capacity, Type, and Geography - Global Forecast to 2030, the global hydropower plants market is projected to reach $318.3 billion by 2030, at a CAGR of 3% from 2023 to 2030. A hydropower plant comprises a set of facilities and electromechanical equipment used to transform water's potential energy into electrical energy. Hydropower plants are gaining popularity due to their notable benefits such as stability and reliability of electricity systems, clean and cheap energy, and an eco-friendly source of energy. Furthermore, hydropower plants provide flood control, irrigation support, and clean drinking water. https://www.globenewswire.com/news-release/2023/07/24/2709646/0/en/Hydropower-Plants-Market-to-be-Worth-318-3-Billion-by-2030-Exclusive-Report-by-Meticulous-Research.html 1/8

5/15/24, 10:35 AM Hydropower Plants Market to be Worth $318.3 Billion by 2030 Download Free Report Sample Now: Hydropower Plants Market to be Worth $318.3 Billion by https://www.meticulousresearch.com/download-sample- report/cp_id=5504 These plants are a resource for power generation, stabilize the power grid by preventing intermittency, reduce the risk of flooding, enhance tourist areas and water sports, and protect biodiversity. They have near-zero emissions of greenhouse gasses while providing a reliable electricity supply at a competitive price. The growth of this market is driven by the increasing demand for renewable energy sources, rising government support for hydropower generation projects, and growing demand for micro hydropower plants due to the low maintenance and easy replacement. However, the high initial cost of construction may restrain the market s growth. The increasing utilization of kinetic energy of the flowing water for electricity generation and the rising presence of small hydropower projects are expected to offer significant growth opportunities for the stakeholders in the hydropower market. Furthermore, the international conflicts over water management and uncertainty regarding climate change impact on local hydrological conditions are expected to pose challenges to the growth of the hydropower market. The global hydropower plants market is segmented by component (solutions [electromechanical and hydraulic equipment {turbines {reaction turbines, impulse turbines}, generators, control and protection systems, inlet valves and regulators, transformers, testing systems, suction nozzles, condensers and switchgears, hydraulic cylinders, hydraulic, actuators, valves, and pumps, hydraulic and electromechanical drives, and other electromechanical equipment (circuit breakers, electrohydraulic governors, propeller pitch systems), electric infrastructure, civil infrastructure (reservoirs, artificial dams, pressure tunnels, surge tanks, valve houses, penstocks, powerhouses, and other civil infrastructures {draft tubes and bays})], services[plant assessment, design, and development services, extensions, upgrades, and retrofits services, and operation and maintenance services]), capacity (small hydropower plants [up to 1MW], medium hydropower plants https://www.globenewswire.com/news-release/2023/07/24/2709646/0/en/Hydropower-Plants-Market-to-be-Worth-318-3-Billion-by-2030-Exclusive-Report-by-Meticulous-Research.html 2/8

5/15/24, 10:35 AM Hydropower Plants Market to be Worth $318.3 Billion by 2030 [1MW-10MW], large hydropower plants [above 10MW]), type Hydropower Plants Market to be Worth $318.3 Billion by (impoundment powerplants, diversion powerplants [run-of- river], and pumped storage powerplants). The study also evaluates industry competitors and analyzes the market at the regional and country levels. Have Any Query? Ask To Analyst: https://www.meticulousresearch.com/speak-to- analyst/cp_id=5504 Based on component, the global hydropower plants market is segmented into solutions and services. In 2023, the solutions segment is expected to account for the larger share of the global hydropower plants market. The large market share of this segment is attributed to the surge in demand for turbine and power generator solutions for efficient power generation, increasing demand for hydropower generators to ensure enhanced performance for site conditions and customer needs, increasing implementations of predictive maintenance solutions for hydropower plants, and increasing deployments of plant control and protection systems. Additionally, this segment is projected to register the highest CAGR during the forecast period. Based on type, the global hydropower plants market is segmented into impoundment powerplants, diversion powerplants (run-of-river), and pumped storage powerplants. In 2023, the impoundment powerplants segment is expected to account for the largest share of the global hydropower plants market. The large market share of this segment is attributed to the growing demand for large hydropower systems and the need to meet changing electricity needs or other needs, such as flood control, recreation, fish passage, and other environmental and water quality needs. The impoundment plants create areas for recreational activities with a reservoir in place, and people can use these for swimming, boating, water sports, and fishing, improving the demand for impoundment plants. Quick Buy Hydropower Plants Market- Global Opportunity Analysis and Industry Forecast (2023-2030), Research Report: https://www.meticulousresearch.com/Checkout/99184643 https://www.globenewswire.com/news-release/2023/07/24/2709646/0/en/Hydropower-Plants-Market-to-be-Worth-318-3-Billion-by-2030-Exclusive-Report-by-Meticulous-Research.html 3/8

5/15/24, 10:35 AM Hydropower Plants Market to be Worth $318.3 Billion by 2030 Based on geography, the global hydropower plants market is Hydropower Plants Market to be Worth $318.3 Billion by segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, Asia-Pacific is expected to account for the largest share of the global hydropower plants market. The large share of this market is attributed to the increasing investments made by the key market players for generating electricity and supplying the rural areas, the growing demand for reliable electricity, and a number of small hydropower projects in emerging economies. Furthermore, strong growth in the leading hydropower nations such as China, Japan, India and Australia and low cost of producing renewable energy sources and the quick decline in the overall cost of infrastructure are further supporting the growth of this market. The cost of electricity production from hydropower plants has been reduced, which emerges as a major growth factor for the market in this region. Additionally, this region is projected to register the highest CAGR during the forecast period. The key players operating in the global hydropower plants market are Bharat Heavy Electricals Limited (India), Flovel Energy Private Limited (India), General Electric Company (U.S.), Natel Energy, Inc. (U.S.), Siemens Energy AG (a subsidiary of Siemens AG) (Germany), SNC-Lavalin Group Inc. (Canada), Toshiba Corporation(Japan), Voith GmbH & Co. KGaA (Germany), KOLEKTOR GROUP d.o.o. (Slovenia), Canadian Hydro Components Ltd. (Canada), Hitachi Mitsubishi Hydro Corporation (a subsidiary of Hitachi, Ltd.) (Japan), ABB Ltd. (Switzerland), China Three Gorges Corporation (China), Tata Power Company Limited (India), and IHI Corporation (Japan). To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/hydropower- plants-market-5504 Scope of the Report: Hydropower Plants Market, by Component Solutions Electromechanical and Hydraulic Equipment Turbines Reaction Turbines Impulse Turbines https://www.globenewswire.com/news-release/2023/07/24/2709646/0/en/Hydropower-Plants-Market-to-be-Worth-318-3-Billion-by-2030-Exclusive-Report-by-Meticulous-Research.html 4/8

5/15/24, 10:35 AM Hydropower Plants Market to be Worth $318.3 Billion by 2030 Generators Control and Protection Systems Hydropower Plants Market to be Worth $318.3 Billion by Inlet Valves and Regulators Transformers Testing systems Suction Nozzles Condensers and Switchgears Hydraulic Cylinders Hydraulic, Actuators, Valves, and Pumps Hydraulic and Electromechanical Drives Other Electromechanical Equipment (Circuit Breakers, Electrohydraulic Governors, Propeller Pitch Systems) Electric Infrastructure Civil Infrastructure Reservoirs Arti?cial Dams Pressure Tunnels Surge Tanks Valve Houses Penstocks Powerhouses Other Civil Infrastructures (Draft Tubes and Bays) Services Plant Assessment, Design, and Development Services Extensions, Upgrades, and Retro?ts Services Operation and Maintenance Services Hydropower Plants Market, by Capacity Small Hydro Powerplants (Up to 1MW) Medium Hydro Powerplants (1MW-10MW) Large Hydro Powerplants (Above 10MW) Hydropower Plants Market, by Type Impoundment Powerplants Diversion Powerplants (Run-of-River) Pumped Storage Powerplants Hydropower Plants Market, by Geography North America U.S. Canada Europe Germany U.K. https://www.globenewswire.com/news-release/2023/07/24/2709646/0/en/Hydropower-Plants-Market-to-be-Worth-318-3-Billion-by-2030-Exclusive-Report-by-Meticulous-Research.html 5/8

5/15/24, 10:35 AM Hydropower Plants Market to be Worth $318.3 Billion by 2030 France Hydropower Plants Market to be Worth $318.3 Billion by Italy Spain Rest of Europe Asia-Paci?c China Japan India South Korea Rest of Asia-Paci?c Latin America Middle East & Africa Request Free Report Sample Now: https://www.meticulousresearch.com/request-sample- report/cp_id=5504 Related Reports: Electric and Electronic Fuse Market by Type (Electric and Electronic), Fuse Type (Power Fuse and Fuse Link, Distribution Cutouts, Cartridge and Plug Fuse), Voltage (Low, Medium), and Application (Utilities, Industrial, Residential, Commercial) - Global Forecast to 2025 https://www.meticulousresearch.com/product/global-fuse- market-5039 Smart Energy Management Market by Energy Source (Renewable, Non-Renewable), Offering, Function (Operation, Energy Management, Distribution, Storage, Grid Security), End User (Utility Providers, Consumers) and Geography - Global Forecasts to 2029 https://www.meticulousresearch.com/product/smart-energy- management-market-5255 About Meticulous Research Meticulous Research was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. https://www.globenewswire.com/news-release/2023/07/24/2709646/0/en/Hydropower-Plants-Market-to-be-Worth-318-3-Billion-by-2030-Exclusive-Report-by-Meticulous-Research.html 6/8

5/15/24, 10:35 AM Hydropower Plants Market to be Worth $318.3 Billion by 2030 The name of our company defines our services, strengths, and Hydropower Plants Market to be Worth $318.3 Billion by values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth. Contact: Mr. Khushal Bombe Meticulous Market Research Inc. 1267 Willis St, Ste 200 Redding, California, 96001, U.S. USA: +1-646-781-8004 Europe : +44-203-868-8738 APAC: +91 744-7780008 Email- sales@meticulousresearch.com Visit Our Website: https://www.meticulousresearch.com/ Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous- research Content Source: https://www.meticulousresearch.com/pressrelease/735/hydropo wer-plants-market-2030 Tags Hydropower Plants Hydropower Generation Market Hydropower Market Medium Hydropower Plants Large Hydropower Plants Related Links Hydropower Plants Market - Global Opportunity Analysis a nd Industry Forecast (2023-2030) Hydropower Plants Market to be Worth $318.3 Billion by 20 30 https://www.globenewswire.com/news-release/2023/07/24/2709646/0/en/Hydropower-Plants-Market-to-be-Worth-318-3-Billion-by-2030-Exclusive-Report-by-Meticulous-Research.html 7/8

5/15/24, 10:35 AM Hydropower Plants Market to be Worth $318.3 Billion by 2030 Contact Data Mr. Khushal Bombe Hydropower Plants Market to be Worth $318.3 Billion by Meticulous Research Direct Lines: +1-646-781-8004 (North America) +44-203-868-8738 (Europe) +91 744-7780008 (Asia-Pacific) Email- sales@meticulousresearch.com Visit Our Website: https://www.meticulousresearch.com/ Meticulous Research Blog: https://meticulousblog.org/ Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Contact Explore IHH Spearheads Cancer Care Leadership CANON DEVELOPS EOS R1 AS FIRST in Asia With... FLAGSHIP MODEL FOR... May 15, 2024 00:38 ET May 15, 2024 00:19 ET About Us Newswire Distribution Network & Management GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases, ?nancial disclosures and multimedia content to media, investors, and consumers worldwide. Home Legal Newsroom Contact us RSS Feeds Resources Follow us on social media: Noti?ed, Inc. https://www.globenewswire.com/news-release/2023/07/24/2709646/0/en/Hydropower-Plants-Market-to-be-Worth-318-3-Billion-by-2030-Exclusive-Report-by-Meticulous-Research.html 8/8