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© 2016 Global Market Insights, Inc. USA. All Rights Reserved Hydropower Market to surpass 1,300 GW by 2024: Fractovia.org.

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Presentation on theme: "© 2016 Global Market Insights, Inc. USA. All Rights Reserved Hydropower Market to surpass 1,300 GW by 2024: Fractovia.org."— Presentation transcript:

1 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Hydropower Market to surpass 1,300 GW by 2024: Fractovia.org

2 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  Hydropower Market set to exceed 1,300 GW by 2024, driven by growing demand for electricity. Hydropower Market  Hydropower Market is driven by a relatively long shelf life, reliability, large-scale power rollout, and reduced operational and maintenance costs. Manufacturing electricity aided by the conversion of kinetic energy into electric current has been one of very old techniques of power generation. Of late, hydropower industry has gained renewed traction pertaining to the strict regulations laid down by the government as regards to energy conservation.  The United States, being one of the most developed economies of the modern world, has always been one of the key pioneers partaking in the commercialization of hydropower industry. The existence of the Grand Coulee hydropower project bears evidence to this statement. This facility was constructed in three phases and is one of the largest hydroelectric power stations in the world. Operated by the U.S. Bureau of Reclamation, this facility, located on River Colombia in the state of Washington, has an annual generating capacity of more than 24 TWh. Key Insights of Hydropower Market:

3 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  The U.S. held more than 50% of North America hydropower industry share in 2016 and is expected to grow massively over the coming years. The region is a treasure house of untapped reserves, which will propel the business trends. In addition, the government has been implementing stringent measures to curb GHG emissions and supply clean, uninterrupted power, which will stimulate hydropower market. The companies in the U.S. as well as the regulatory bodies have been making substantial investments toward the adoption of sustainable energy, which will lead U.S. hydropower industry to grow at a CAGR of 2% over 2017-2024.  Large capacity products held more than 80% of global hydropower industry share in 2016 and are expected to grow remarkably over the next few years. This growth can be credited to the rising demand for uninterrupted electricity supply. In addition, these products will be installed at the upgraded hydropower facilities, which will further propel the business expansion. The upgradation of existing facilities will be a major factor driving large hydropower market over the coming years. For instance, Agder Energi, in 2013, awarded a deal worth USD 24.4 million to Alstom for upgrading the Iveland II hydroelectric plant. This facility, based in Norway, has a generating capacity of around 150 GWh and is forecast to contribute significantly toward the growth of Norway hydropower industry. Continued…

4 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Browse Full Market Research Report Of Hydropower Market @ http://bit.ly/2EC9BJChttp://bit.ly/2EC9BJC Request for a Sample of this Research report @ https://www.fractovia.org/request-sample/532

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 Hydropower Industry Background

7 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  A favorable regulatory landscape is a key factor propelling the growth of large hydropower market. Institutions such as the World Bank, Aquila Capital, and the Climate Aligned Bonds Initiative are renowned to contribute massively toward the growth of hydropower industry by means of heavy investments and other initiatives. In 2015, for example, the Climate Aligned Bonds Initiative allotted labeled green bonds worth USD 41.8 billion, to increase the share of electricity supply from hydroelectric stations.  Small Hydropower Market is also slated to establish its footprints globally. This segment is likely to be augmented by the low costs of civil construction and the rising measures to eliminate carbon and GHG emissions. In fact, in 2015, the Small-Scale Hydro Power Program had been launched by the Economic Community of West African States to achieve a share of 33% from hydropower toward the overall energy supply, which will subsequently propel small hydropower industry share.  The contribution of regulatory bodies toward the growth of hydropower market is indeed commendable. Recently, in April 2017, the EIA (Energy Information Administration) had scrutinized that the CUF (capacity utilization factor) for hydroelectricity was more than 60%, while the CUF for solar PV electricity was only 25%. This factor is expected to propel hydropower industry over the coming seven years. Continued….

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