Global Hydropower Market Growth of 4.1% CAGR by 2020
Research and Markets has announced the addition of the “Global Hydropower Market – Market Analysis by Geography, by Capacity, Competitive Landscape, Key Company Information – Growth Trends and Forecasts (2014-2020)” report to their offering.
The global hydropower market is expected to grow at a CAGR of 4.1% from 2014 to 2020.
Hydropower is one of the oldest sources of energy which was used thousands of years ago – to turn paddle wheels that help grind grain. Hydropower is a versatile, sustainable technology and it is the worlds largest source of renewable energy and currently accounts for about 20% of the world’s total electricity supply. It has one of the best efficiencies of conversion of all known energy sources (water to wire 90 percent efficiency). Harnessing water maturely can help take electricity access to millions of people. Stable, reliable, and affordable electricity supply is also crucial for driving economic growth and ending extreme poverty.
Hydropower can be highly flexible and quickly responds to fluctuations in electricity demand thereby providing stability to the grid. The cost of hydropower is relatively low, making it a viable source of renewable energy. The major advantage of hydroelectricity is its non-intermittence supply, long service life with very low maintenance and operational costs. Moreover, the operating cost of a hydroelectric station doesn’t have a bearing on Global oil and gas supplies.
The global hydropower market is expected to expand significantly due to increase in Global electricity demand, especially in developing countries, owing to the surge in population and rapid industrialization.
1. Executive Summary
2. Research Methodology
3. Markets Covered
4. Market Overview
5. Drivers, Constraints & Opportunities
6. Hydropower Market – Value Chain Analysis
7. Porters Five Force Analysis
8. Global Hydropower Market Analysis, by Geography
9. Global Hydropower Market Analysis, by Capacity
10. Key Company Analysis
11. Competitive Landscape
For more information about this report visit http://www.researchandmarkets.com/research/8j5krt/global_hydropower
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Related Topics: Hydro Power
Source: Research and Markets