The Hydropower Plant Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Hydropower Plant Market?
The hydropower plant market expanded consistently over the past years. The market size is projected to increase from $246.51 billion in 2024 to $258.28 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 4.8%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Hydropower Plant Industry?
The predicted value of the hydropower plant market in 2029 is $296.09 billion, with a compound annual growth rate (CAGR) of 3.5%.
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What are the Key Growth Drivers Fueling the Hydropower Plant Market?
The key drivers in the hydropower plant market are:
• Rising demand for turbine and power generator solutions
• Growing interest in micro hydropower plants
• Increasing worldwide demand for clean energy
• Greater awareness of the benefits of hydropower over other energy sources
Global Market Segmentation: Identifying Major Hydropower Plant Industry Segments
The hydropower plant market covered in this report is segmented –
1) By Type: Impoundment Power Plants, Diversion Power Plants (Run-Of-River), Pumped Storage Power Plants
2) By Component: Solutions, Services
3) By End-User: City Power Supply, Industrial Power Supply, Military Power Supply, Other End-Users
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What are the Emerging Trends Shaping the Future of the Hydropower Plant Market?
The key trends in the hydropower plant market are:
• The adoption of advanced turbine technologies is a key coming trend.
• Increasing consideration is being given to small-scale hydropower projects.
• Pumped storage hydropower's expansion is an emerging trend.
• Implementation of fish-friendly turbine designs is becoming a significant trend.
Who Are the Top Competitors & Leading Players in the Hydropower Plant Market?
Major companies in the hydropower plant market are:
• Siemens Energy AG
• ABB Ltd.
• Toshiba Corporation
• China Three Gorges Corporation
• Alstom Hydro
• GE Renewable Energy
• Hydro-Quebec
• CPFL Energia S.A
• SNC-Lavalin Group
• Tata Power Company Limited
• Alfa Laval AB
• Voith GmbH & Co. KGaA
• PJSC RusHydro
• IHI Corporation
• Bharat Heavy Electricals Limited
• KOLEKTOR GROUP
• Innergex Renewable Energy Inc.
• Flovel Energy Private Limited
• Canadian Hydro Components
• Natel Energy Inc.
• Andritz AG
• Hitachi Mitsubishi Hydro Corporation
• The British Columbia Hydro
• Sinohydro Corporation
• China Hydroelectric Corporation
Regional Dominance: Which Area Leads the Global Hydropower Plant Market?
Asia-Pacific was the largest region in the hydropower plant market in 2024
