North America hydropower market continues to grow
Category: #Technology  By Sachin Pashte  Date: 2019-08-13
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North America hydropower market continues to grow

Hydropower market is anticipated to witness significant growth during the forecast period. In North America, substantial funds have been raised toward developing sustainable energy, which has, in a way complimented the growth of hydropower market. The abundant availability of natural resources will further help the region to prosper and contribute toward clean and reliable energy sources. In 2016, U.S. hydropower industry accounted more than 50% of total regional share and is likely to continue its dominance over the coming years. For the United States, in 2015, Rey Development announced to inject USD 60 million in hydroelectric installation across the region.

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Based on product capacity, hydropower market is segmented into micro, pico, mini, small, and large hydropower stations. Small Hydropower industry size is expected to grow at 2.5% over 2016-2024, which will augment the overall market trends. This is possible due to the product versatility, reduced investments, and renewable nature. Mini hydropower industry contributed to 2% of global hydropower industry share in 2016, owing to its low environmental impact and cost-effective characteristics.

Growing investment in electric infrastructure to upgrade to smart off grid networks has further augmented the mini hydropower market. For instance, in 2016, the Government of Malaysia, launched the Sarawak Alternative Renewable Energy Scheme which plans to integrate micro hydro power plants for rural electrification in the region.

In 2016, large hydropower capacity segment accounted more than 80% of overall hydropower industry share, subject to the rigorous deployment of power stations and projects for upgradation. ANDRITZ AG, an Australian company, installed three hydroelectric stations in Brazil and Nicaragua with an aim to provide reliable electricity, by spending USD 75 million collectively. Moreover, rising electricity demand from India, China, and Brazil will further augment the large capacity hydropower market.

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https://www.gminsights.com/industry-analysis/hydropower-market

Rapid industrialization and urbanization in China have generated colossal growth opportunities for hydropower market players, as China plans to invest USD 3.6 billion in Myanmar’s Myistone unit. This will help the Myistone unit to generate 6000 MW of hydropower by 2030. Moreover, in its 13th Five Year Plan, the Government of China announced plans to implement clean energy sources and also proposed the installation of 340 GW of hydropower stations by 2020. The massive growth of global Offshore Hydropower Market is also bound to positively influence the overall industry trends.

The market players are adopting strategies such as mergers and acquisitions to expand their global reach. Some of the key players in the hydropower industry include General Electric, Ontario Power Generation, RusHydro, China Yangtze Power, Agder Energi, China Three Gorges Corporation, Alfa Laval, and Tata Power.

Table Of Content For This Research Report:

Chapter 4    Hydropower Market, By Capacity

4.1    Global market share by capacity, 2016 & 2024

4.2    Mini Hydropower

4.2.1    Mini hydropower industry, 2014 - 2024

4.2.2    Mini hydropower industry volume, by region, 2014 – 2024

4.2.3    Mini hydropower industry capex, by region, 2014 – 2024

4.3    Micro and Pico Hydropower

4.3.1    Micro and pico hydropower industry, 2014 - 2024

4.3.2    Micro and pico hydropower industry volume, by region, 2014 – 2024

4.3.3    Micro and pico hydropower industry capex, by region, 2014 – 2024

4.4    Small Hydropower

4.4.1    Small hydropower industry, 2014 - 2024

4.4.2    Small hydropower industry volume, by region, 2014 – 2024

4.4.3    Small hydropower industry capex, by region, 2014 – 2024

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/hydropower-market

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About Author

Sachin Pashte    

Sachin Pashte

Sachin is into market research and web marketing since the last 2 years and has worked on multiple projects across various industries. He has expertise in writing promotional content for market research reports while his personal interests include the games of footbal...

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