Worldwide Hydropower Market 2014 to 2020 – Industry Survey

The global installed capacity for hydropower is expected to reach 1,524 GW by 2020, according to a new study by Grand View Research, Inc. Cost advantages of hydropower based electricity generation and the substitution of fossil fuel based power production in an attempt to reduce carbon emission is expected to drive market demand. According to the estimates of the International Energy Agency (IEA), the deployment of sustainable hydropower as proposed by this organization will help avoid approximately one billion tones of annual carbon dioxide emission by 2050.

Rapid rise in demand for renewable energy especially in China, India and Brazil and the construction of key hydropower projects including the installation of 32 turbines and the completion of the third phase of the Three Gorges Dam in China in 2012, will fuel the future growth of this market. Supportive regulatory framework for sustainable energy in the U.S. and European Union is also expected to have a positive impact on market demand. Implementation of favorable government regulations such as the Hydropower Regulatory Efficiency Act and Small Conduit Hydropower Development and Rural Jobs in the U.S. and growing number of funding programs pertaining to the renewable energy sector in developed countries such as Italy and Canada are some of the factors which are expected to present future growth opportunities.

The report “Hydropower Market Analysis And Segment Forecasts To 2020,” is available now to Grand View Research customers and can also be purchased directly at http://www.grandviewresearch.com/industry-analysis/hydropower-industry

Further Key findings from the study suggest:
• Industrial applications dominated demand in 2012, accounting for over 40% of the global installed capacity. The global industrial applications market is expected to reach 694.41 GW in installed capacity by 2020.
• Asia Pacific is expected to be the most dominant regional market by 2020, with China expected to lead...