HomeIndustry SectorsGenerationGlobal hydropower market worth US$56.51 billion

Global hydropower market worth US$56.51 billion

Connecticut, United States — ESI-AFRICA.COM — 23 August 2011 – A newly-released report indicates that the global hydropower market this year Newly releasedis worth US56.51 billion.

The “Hydropower Market 2011-2021” report by independent business information provider Vision-gain was presented here by Global Information Incorporated. Vision-gain’s forecast is defined in terms of spending on new hydropower projects, in addition to spending on upgrades and expansions.

The report says the world is currently facing two potentially contradictory developments: that of increasing global energy supply to meet a growing demand for energy; and that of tackling global warming by lowering emissions of carbon dioxide. This situation creates an opportunity for hydropower, which is a low-carbon energy source, capable of supplying substantial quantities of power throughout the world, it adds.

The report goes on to say that hydropower is a key component of the energy industry, currently contributing around one-sixth of all global electricity, but likely to play an even more important role in the future of global energy supply as the inevitable shift to renewable energy occurs.

It offers an examination of the hydropower market over the next decade, providing detailed market forecasts for each of the regional markets and offering in-depth analysis of the opportunities and challenges facing companies in the hydropower market throughout the world.

The report also describes the most important technological changes within the hydropower industry and assesses their importance for the growth of the market over the long-term. The various drivers and restraints of the market are evaluated in order to provide readers with specific insights into the future direction of the hydropower market.