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© 2016 Global Market Insights, Inc. USA. All Rights Reserved Hydropower Market to grow at gain 2% by 2024: Global Market Insights Inc.

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Presentation on theme: "© 2016 Global Market Insights, Inc. USA. All Rights Reserved Hydropower Market to grow at gain 2% by 2024: Global Market Insights Inc."— Presentation transcript:

1 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Hydropower Market to grow at gain 2% by 2024: Global Market Insights Inc.

2 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  The 2017 Hydropower Market forecast report focuses on regional growth for 15+ countries, leading industry companies, applications of Hydropower Market and more with an aim to help take business decisions.Hydropower Market  Hydropower Market size is set to exceed 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. Key Insights from Hydropower Market :

3 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  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. Continued...

4 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  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.  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. Continued...

5 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Germany Hydropower Market Size, By Capacity, 2016 & 2024 (GW)

6 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Browse Full Market Research Report On Hydropower Market @ http://bit.ly/2rOGTvh http://bit.ly/2rOGTvh Request for a Sample of this Research Report @ https://www.gminsights.com/request-sample/detail/1602

7 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  By Capacity Trends Low civil construction cost coupled with growing measures to limit the emissions will foster small hydropower market size. In 2015, the Economic Community of West African States (ECOWAS) introduced the Small-Scale Hydro Power (SSHP) Program with a target of achieving 33% share of the overall energy mix by 2020 under the ECOWAS Renewable Energy Policy (EREP).  By Region Trends U.S. hydropower market in 2016 accounted for over 50% of the North America share. Abundant availability of untapped reserves with growing measures towards clean and reliable electricity is anticipated to drive the industry growth. Growing investment towards sustainable energy may further complement industry landscape. In 2015, Rey Development announced an investment of USD 60 million towards hydroelectric installations across the country.  Competitive Market Share Key players in hydropower market include Voith, ANDRITZ HYDRO, General Electric, China Three Gorges Corporation, Alfa Laval, Metso, China Yangtze Power, Hydro-Québec, RusHydro, Agder Energi, Duke Energy, Georgia Power, Ontario Power Generation, StatKraft, ABB, Engie, Tata Power, EDF. 360° Analysis

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