OCEAN VIEW, Del., Sept. 11, 2017 /PRNewswire-iReach/ -- Global
Hydropower Market is predicted to reach 1,300 GW by 2024, according
to a new research report by Global Market Insights, Inc. Rising
electricity demand coupled with increasing investment towards
sustainable energy will stimulate the global hydropower market
size.
As per International Energy Agency (IEA), hydroelectric
accounted for over 80% of the total renewable energy mix.
North America and Europe have introduced plans to upgrade,
renovate, and modernize the existing stations to ensure more
efficient operations. For instance, in March
2015, Latvenergo announced to invest USD 222.26 million towards reconstruction of
Riga, Plavinas and Kegums
hydroelectric power stations in Latvia by 2022.
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U.S. hydropower market size is projected to grow over 2% owing
to its large untapped hydro potential reserves. Growing measures to
minimize carbon footprints may further stimulate the business
landscape. In 2015, Oak Ridge National Laboratory (ORNL) and
Non-Powered Dams (NPDs) estimated 12,000 MW capacity of existing
untapped reserves.
Reliable, high operating life cycle coupled with low maintenance
costs are some of the key indicators which will stimulate the
hydropower market share. Flood control, irrigation, tourism,
aquaculture and recreation in remote areas are some of the salient
benefits, which will complement the industry outlook. In
Europe and North America, the authorities have introduced
bond funds to raise investment for hydroelectric projects. These
funds are particularly aimed at acquiring present assets over the
new build.
Low generation cost along with ability to produce high electric
output will foster the hydropower market share. In 2016, Department
of Energy (DOE) projected Levelized Energy Costs (LEC) of
USD 56.2/MWh from hydroelectric when
compared with USD 191/MWh from solar
thermal.
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Large capacity segment in 2016 accounted for over 80% of global
hydropower market share. Rising demand for continuous and reliable
electricity along with upgradation of existing generating stations
will stimulate the business landscape. In 2013, Agder Energi
awarded a contract worth USD 24.4
million to Alstom, towards upgradation of the Iveland II
hydroelectric plant in Norway,
which has a generating capacity of approximately 150-GWh and 50 MW
on annual basis. In 2016, Andritz installed three hydroelectric
stations in Nicaragua and
Brazil with an aggregate value of
over USD 75 million with an aim to
provide constant and reliable electricity.
Low ecological impact coupled with cost competitiveness are some
of the key parameters which will embellish the mini hydropower
market size. The University of Science and Technology of
Hanoi (USTH), Vietnam in February
2016 installed 60 MW of mini capacity grid connected power
station in 48 different locations with capacity range between 100
kW to 7500 kW. Measures towards carbon emission coupled with low
civil refurbishment cost will drive micro and pico hydropower
market. In 2016, Philippines
announced its ambitious plan to construct over 150 micro plants
with an increasing electricity generating capacity approximately by
50 MW.
Major participants in hydropower market are ANDRITZ HYDRO,
Voith, General Electric, Alfa Laval, China Three Gorges
Corporation, China Yangtze Power, Metso, Hydro-Québec, RusHydro,
Duke Energy, Agder Energi, Georgia Power, StatKraft, Ontario Power
Generation, Engie, ABB, EDF and Tata
Power.
Browse key industry insights spread across 120 pages with 108
market data tables & 8 figures & charts from the report,
"Hydropower Market Size, By Capacity (Micro And Pico Hydropower,
Mini Hydropower, Small Hydropower, Large Hydropower), Industry
Analysis Report, Regional Outlook (U.S., Canada, Mexico, France, Italy, Spain,
Austria, Germany, China, India,
Philippines, Japan, Vietnam, Nigeria, Kenya, Brazil, Peru,
Ecuador), Price Trends,
Competitive Market Share & Forecast, 2017 – 2024" in detail
along with the table of contents:
https://www.gminsights.com/industry-analysis/hydropower-market
Chapter 4 Hydropower Market, By
Capacity
4.1 Global market share by capacity, 2016
& 2024
4.2 Mini Hydropower
4.2.1 Mini hydropower market, 2014 - 2024
4.2.2 Mini hydropower market volume, by
region, 2014 – 2024
4.2.3 Mini hydropower market capex, by region,
2014 – 2024
4.3 Micro and Pico Hydropower
4.3.1 Micro and pico hydropower market, 2014 -
2024
4.3.2 Micro and pico hydropower market volume,
by region, 2014 – 2024
4.3.3 Micro and pico hydropower market capex,
by region, 2014 – 2024
4.4 Small Hydropower
4.4.1 Small hydropower market, 2014 - 2024
4.4.2 Small hydropower market volume, by
region, 2014 – 2024
4.4.3 Small hydropower market capex, by
region, 2014 – 2024
4.3 Large Hydropower
4.3.1 Large hydropower market, 2014 - 2024
4.3.2 Large hydropower market volume, by
region, 2014 – 2024
4.3.3 Large hydropower market capex, by
region, 2014 – 2024
Browse Full TOC @
https://www.gminsights.com/toc/detail/hydropower-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research
and consulting service provider; offering syndicated and custom
research reports along with growth consulting services. Our
business intelligence and industry research reports offer clients
with penetrative insights and actionable market data specially
designed and presented to aid strategic decision making. These
exhaustive reports are designed via a proprietary research
methodology and are available for key industries such as chemicals,
advanced materials, technology, renewable energy and
biotechnology.
Media Contact: Arun Hegde,
Global Market Insights, Inc., +13028467766,
sales@gminsights.com
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SOURCE Global Market Insights, Inc.