Global Hydropower Market: Overview
Hydropower is presently one of the most widely researched and utilized renewable source of energy generation. With proper utilization of the vast usable resources of hydropower across the globe, it is possible to generate enough clean energy to provide for a significant portion of the continuously rising demand for energy from the global population. It remains the largest source of renewable energy in the U.S. and many other countries are amping up their efforts to advance in the field with new developments.
Hydropower is presently utilized in over 100 countries globally, and accounts for nearly 15% of the world’s complete electricity mix. The rising focus of governments to make renewable energy sources an integral part of their energy mixes and reduce dependence on the highly polluting and exhaustible fossil fuels is expected to fuel development activities across the global hydropower market.
This report on the global hydropower market presents a thorough overview of the present state of the market and a forecast regarding the potential growth prospects of the market and its segments over the period between 2016 and 2024. The report presents a thorough overview of the key factors expected to have profound impact on the overall development of the market over the report’s forecast period. As such, detailed analysis of growth drivers, restraints, popular trends of present and past years, regulatory framework of key regional markets, and competitive and vendor landscape of the global hydropower market is included in the report.
Global Hydropower Market: Segmentation
Hydropower plants can be classified on the basis of power generation capacity into small-, large-, micro-, and pico-hydro plants. Plants capable of generating electricity of more than 30 MW are considered large hydropower plants. The segment of small hydropower generally comprises hydropower plants having capacities between 100KW to 30 MW, whereas both micro- and pico- plants have power generation capacities below 100 KW.
Generally micro and pico hydropower plants, with capacities between 100 KW and 30 MW, are often installed in remote locations to act as a decentralized source of electricity. In terms of installed capacity across the globe, the segment of large hydropower plants lead by a sizeable margin. Large hydropower plants have been operational across several parts of the world for over three decades and are expected to continue to contribute a significant portion of the world’s total hydropower generation capacity.
Large hydropower plants are commonly classified into types such as pumped storage plants, diversion plants, and impoundment plants. Pumped storage and impoundment plants are currently amongst the most common hydropower plants globally and require the construction of a reservoir/dam. Diversion plants do not require the construction of a reservoir and are emerging as one of the most preferred hydropower technologies. This is because the construction of reservoirs for impoundment and pumped storage plants leads to vast capital expenditure, vast complications during rehabilitation and relocation of affected stakeholders, and significant pollution during construction, none or most of which are not required to operate diversion plants.
Global Hydropower Market: Geographical and Competitive Dynamics
In terms of geography, the report examines the hydropower market for regional markets such as North America, Europe, Asia Pacific, and Middle East and Africa. Of these, Asia Pacific is the leading regional market for the hydropower industry, with China representing the largest share in the total installed capacity of hydropower plants globally, followed by Europe and North America. The hydropower capacity of China valued at 281.50 GW in 2013 and continues to show progress at an encouraging pace.
Some of the key players operating in the global hydropower market are RusHydro, Hydrochina International Engineering Co. Ltd., Vattenfall AB, and Alstom SA.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.