| Product Code: ETC13327276 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Hydroelectricity Market was valued at USD 55 Billion in 2024 and is expected to reach USD 79.34 Billion by 2031, growing at a compound annual growth rate of 5.60% during the forecast period (2025-2031).
The global hydroelectricity market is a key player in the renewable energy sector, providing a sustainable and reliable source of electricity worldwide. With the increasing emphasis on reducing carbon emissions and transitioning to cleaner energy sources, hydroelectric power has gained significant momentum. Countries like China, Brazil, and the United States are leading in hydroelectric capacity, with ongoing investments in new projects and modernizing existing facilities. The market is characterized by a mix of large-scale hydroelectric plants and smaller run-of-river projects, catering to both grid-connected and off-grid applications. Technological advancements have improved efficiency and environmental impact, making hydroelectricity a competitive option in the energy mix. However, challenges such as environmental concerns, land use issues, and project financing constraints continue to shape the market dynamics.
The Global Hydroelectricity Market is witnessing a growing trend towards the development of small-scale and micro-hydropower projects, particularly in emerging economies, due to their lower environmental impact and cost-effectiveness compared to large-scale projects. Additionally, the integration of advanced technologies such as digital monitoring systems and automation is enhancing the efficiency and reliability of hydroelectric power plants. Opportunities in the market are arising from the increasing focus on renewable energy sources to reduce carbon emissions and meet sustainability goals globally. The potential for retrofitting existing dams with modern turbine technology and the exploration of pumped storage hydroelectricity for grid stabilization are also key opportunities for market growth. Overall, the Global Hydroelectricity Market is poised for expansion driven by technological advancements and the increasing emphasis on clean energy solutions.
In the Global Hydroelectricity Market, some key challenges include environmental concerns related to dam construction and operation, potential impacts on aquatic ecosystems and local communities, regulatory hurdles, and the need for significant upfront investment in infrastructure. Additionally, the variability in hydroelectric power generation due to fluctuating water levels, seasonal changes, and weather patterns can pose challenges in ensuring consistent and reliable energy supply. Competition from other renewable energy sources such as solar and wind power also presents a challenge for the hydroelectricity market in terms of cost-effectiveness and market share. Adapting to evolving energy policies, addressing aging infrastructure, and balancing the need for sustainable energy production with environmental and social considerations are ongoing challenges faced by stakeholders in the global hydroelectricity market.
The Global Hydroelectricity Market is primarily driven by the increasing global focus on renewable energy sources to reduce carbon emissions and combat climate change. Governments around the world are implementing policies and regulations to promote the development of hydroelectric power plants as a clean and sustainable energy source. Additionally, the growing electricity demand, especially in emerging economies, is fueling the expansion of the hydroelectricity market. The reliability and cost-effectiveness of hydroelectric power, coupled with advancements in technology to enhance efficiency and minimize environmental impact, are further contributing to the market growth. Investments in infrastructure projects and the potential for energy security are also driving the adoption of hydroelectricity as a key component of the energy mix in many countries.
Various governments around the world have implemented policies to promote the growth of the global hydroelectricity market. These policies include incentives such as subsidies, tax credits, and feed-in tariffs to encourage investment in hydroelectric projects. Additionally, governments have set renewable energy targets and introduced regulations to ensure the sustainable development of hydroelectric power, focusing on minimizing environmental impacts and ensuring the efficient operation of hydroelectric facilities. Some countries have also implemented measures to promote the modernization and upgrading of existing hydroelectric infrastructure to increase efficiency and reliability. Overall, government policies play a crucial role in driving the expansion of the global hydroelectricity market by providing financial support, setting regulatory frameworks, and promoting sustainable practices in the sector.
The Global Hydroelectricity Market is poised for steady growth in the coming years thanks to the rising demand for renewable energy sources and increasing government initiatives to reduce carbon emissions. The market is expected to expand as countries focus on harnessing the power of water to meet their energy needs sustainably. Investments in modernization of existing hydroelectric facilities, construction of new projects, and innovations in technology are projected to drive market growth. Additionally, the growing awareness about the environmental benefits of hydroelectric power, such as minimal greenhouse gas emissions and reliable energy generation, will further propel the market forward. With ongoing advancements in storage technologies and grid integration, the Global Hydroelectricity Market is likely to play a significant role in the transition towards cleaner energy systems globally.
In the global hydroelectricity market, Asia is the leading region due to its large-scale hydropower projects in countries like China and India. North America follows closely, with the United States and Canada investing in modernizing existing hydroelectric facilities. Europe has a mature hydroelectric sector, with countries like Norway and Sweden leading in renewable energy generation. In the Middle East and Africa, countries such as Ethiopia and South Africa are increasingly investing in hydroelectric projects to meet growing energy demands. Latin America, particularly Brazil and Chile, also have significant hydropower capacity and are focusing on sustainable development and expansion of their hydroelectric infrastructure to capitalize on their natural resources.
Global Hydroelectricity Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Hydroelectricity Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Hydroelectricity Market Revenues & Volume, 2021 & 2031F |
3.3 Global Hydroelectricity Market - Industry Life Cycle |
3.4 Global Hydroelectricity Market - Porter's Five Forces |
3.5 Global Hydroelectricity Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Hydroelectricity Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.7 Global Hydroelectricity Market Revenues & Volume Share, By Technology Type, 2021 & 2031F |
3.8 Global Hydroelectricity Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.9 Global Hydroelectricity Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Global Hydroelectricity Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Hydroelectricity Market Trends |
6 Global Hydroelectricity Market, 2021 - 2031 |
6.1 Global Hydroelectricity Market, Revenues & Volume, By Product Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Hydroelectricity Market, Revenues & Volume, By Reservoir-based, 2021 - 2031 |
6.1.3 Global Hydroelectricity Market, Revenues & Volume, By Run-of-River, 2021 - 2031 |
6.1.4 Global Hydroelectricity Market, Revenues & Volume, By Pumped Storage, 2021 - 2031 |
6.1.5 Global Hydroelectricity Market, Revenues & Volume, By In-stream, 2021 - 2031 |
6.1.6 Global Hydroelectricity Market, Revenues & Volume, By Offshore Hydropower, 2021 - 2031 |
6.2 Global Hydroelectricity Market, Revenues & Volume, By Technology Type, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Hydroelectricity Market, Revenues & Volume, By Kaplan Turbines, 2021 - 2031 |
6.2.3 Global Hydroelectricity Market, Revenues & Volume, By Francis Turbines, 2021 - 2031 |
6.2.4 Global Hydroelectricity Market, Revenues & Volume, By Pelton Turbines, 2021 - 2031 |
6.2.5 Global Hydroelectricity Market, Revenues & Volume, By Hydroelectric Generators, 2021 - 2031 |
6.2.6 Global Hydroelectricity Market, Revenues & Volume, By Hybrid Systems, 2021 - 2031 |
6.3 Global Hydroelectricity Market, Revenues & Volume, By End User, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Hydroelectricity Market, Revenues & Volume, By Utility Companies, 2021 - 2031 |
6.3.3 Global Hydroelectricity Market, Revenues & Volume, By Independent Power Producers, 2021 - 2031 |
6.3.4 Global Hydroelectricity Market, Revenues & Volume, By Government Projects, 2021 - 2031 |
6.3.5 Global Hydroelectricity Market, Revenues & Volume, By Rural Communities, 2021 - 2031 |
6.3.6 Global Hydroelectricity Market, Revenues & Volume, By Industrial Sector, 2021 - 2031 |
6.4 Global Hydroelectricity Market, Revenues & Volume, By Application, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Hydroelectricity Market, Revenues & Volume, By National Grid Supply, 2021 - 2031 |
6.4.3 Global Hydroelectricity Market, Revenues & Volume, By Localized Power Generation, 2021 - 2031 |
6.4.4 Global Hydroelectricity Market, Revenues & Volume, By Energy Storage, 2021 - 2031 |
6.4.5 Global Hydroelectricity Market, Revenues & Volume, By Off-grid Electricity, 2021 - 2031 |
6.4.6 Global Hydroelectricity Market, Revenues & Volume, By Power Backup, 2021 - 2031 |
7 North America Hydroelectricity Market, Overview & Analysis |
7.1 North America Hydroelectricity Market Revenues & Volume, 2021 - 2031 |
7.2 North America Hydroelectricity Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Hydroelectricity Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Hydroelectricity Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Hydroelectricity Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Hydroelectricity Market, Revenues & Volume, By Product Type, 2021 - 2031 |
7.4 North America Hydroelectricity Market, Revenues & Volume, By Technology Type, 2021 - 2031 |
7.5 North America Hydroelectricity Market, Revenues & Volume, By End User, 2021 - 2031 |
7.6 North America Hydroelectricity Market, Revenues & Volume, By Application, 2021 - 2031 |
8 Latin America (LATAM) Hydroelectricity Market, Overview & Analysis |
8.1 Latin America (LATAM) Hydroelectricity Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Hydroelectricity Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Hydroelectricity Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Hydroelectricity Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Hydroelectricity Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Hydroelectricity Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Hydroelectricity Market, Revenues & Volume, By Product Type, 2021 - 2031 |
8.4 Latin America (LATAM) Hydroelectricity Market, Revenues & Volume, By Technology Type, 2021 - 2031 |
8.5 Latin America (LATAM) Hydroelectricity Market, Revenues & Volume, By End User, 2021 - 2031 |
8.6 Latin America (LATAM) Hydroelectricity Market, Revenues & Volume, By Application, 2021 - 2031 |
9 Asia Hydroelectricity Market, Overview & Analysis |
9.1 Asia Hydroelectricity Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Hydroelectricity Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Hydroelectricity Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Hydroelectricity Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Hydroelectricity Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Hydroelectricity Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Hydroelectricity Market, Revenues & Volume, By Product Type, 2021 - 2031 |
9.4 Asia Hydroelectricity Market, Revenues & Volume, By Technology Type, 2021 - 2031 |
9.5 Asia Hydroelectricity Market, Revenues & Volume, By End User, 2021 - 2031 |
9.6 Asia Hydroelectricity Market, Revenues & Volume, By Application, 2021 - 2031 |
10 Africa Hydroelectricity Market, Overview & Analysis |
10.1 Africa Hydroelectricity Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Hydroelectricity Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Hydroelectricity Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Hydroelectricity Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Hydroelectricity Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Hydroelectricity Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Hydroelectricity Market, Revenues & Volume, By Product Type, 2021 - 2031 |
10.4 Africa Hydroelectricity Market, Revenues & Volume, By Technology Type, 2021 - 2031 |
10.5 Africa Hydroelectricity Market, Revenues & Volume, By End User, 2021 - 2031 |
10.6 Africa Hydroelectricity Market, Revenues & Volume, By Application, 2021 - 2031 |
11 Europe Hydroelectricity Market, Overview & Analysis |
11.1 Europe Hydroelectricity Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Hydroelectricity Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Hydroelectricity Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Hydroelectricity Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Hydroelectricity Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Hydroelectricity Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Hydroelectricity Market, Revenues & Volume, By Product Type, 2021 - 2031 |
11.4 Europe Hydroelectricity Market, Revenues & Volume, By Technology Type, 2021 - 2031 |
11.5 Europe Hydroelectricity Market, Revenues & Volume, By End User, 2021 - 2031 |
11.6 Europe Hydroelectricity Market, Revenues & Volume, By Application, 2021 - 2031 |
12 Middle East Hydroelectricity Market, Overview & Analysis |
12.1 Middle East Hydroelectricity Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Hydroelectricity Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Hydroelectricity Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Hydroelectricity Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Hydroelectricity Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Hydroelectricity Market, Revenues & Volume, By Product Type, 2021 - 2031 |
12.4 Middle East Hydroelectricity Market, Revenues & Volume, By Technology Type, 2021 - 2031 |
12.5 Middle East Hydroelectricity Market, Revenues & Volume, By End User, 2021 - 2031 |
12.6 Middle East Hydroelectricity Market, Revenues & Volume, By Application, 2021 - 2031 |
13 Global Hydroelectricity Market Key Performance Indicators |
14 Global Hydroelectricity Market - Export/Import By Countries Assessment |
15 Global Hydroelectricity Market - Opportunity Assessment |
15.1 Global Hydroelectricity Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Hydroelectricity Market Opportunity Assessment, By Product Type, 2021 & 2031F |
15.3 Global Hydroelectricity Market Opportunity Assessment, By Technology Type, 2021 & 2031F |
15.4 Global Hydroelectricity Market Opportunity Assessment, By End User, 2021 & 2031F |
15.5 Global Hydroelectricity Market Opportunity Assessment, By Application, 2021 & 2031F |
16 Global Hydroelectricity Market - Competitive Landscape |
16.1 Global Hydroelectricity Market Revenue Share, By Companies, 2024 |
16.2 Global Hydroelectricity Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |