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Hydropower Generation Market 2021 Exploring Huge Opportunities with Top Companies GE Energy, Alstom Hydro, ABB Ltd & Gerdau. – KSU


/Hydropower Generation Market 2021 Exploring Huge Opportunities with Top Companies GE Energy, Alstom Hydro, ABB Ltd & Gerdau.
Hydropower Generation Market 2021 Exploring Huge Opportunities with Top Companies GE Energy, Alstom Hydro, ABB Ltd & Gerdau.
Asia-Pacific dominated the global hydropower generation market with around 49.2% of the market share in terms of revenue.
tusharMay 7, 2021
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Key players operating in the global hydropower generation market include Andritz Hydro USA Inc., GE Energy, CPFL Energia S.A., Sinohydro Corporation, IHI Corporation, Alstom Hydro, China Hydroelectric Corporation, China Three Gorges Corporation, ABB Ltd, and Gerdau S.A.
The global hydropower generation market is expected to head toward expansion in the coming years, owing to rise in demand for clean energy across the globe. Rapid industrialization and urbanization across the developing countries such as India and China have surged the energy demand significantly. ....

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Hydropower Generation Market to Reach $317.8 Bn, Globally, by 2027 at 5.9% CAGR: AMR


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PORTLAND, Ore., Feb. 16, 2021 /PRNewswire/ Allied Market Research published a report, titled,
Hydropower Generation Market by Capacity (Small Hydro Power Plant (Up to 1MW), Medium Hydro Power Plant (1MW-10MW), and Large Hydro Power Plant (Above 10MW)): Global Opportunity Analysis and Industry Forecast, 2020-2027. According to the report, the global hydropower generation industry garnered $202.4 billion in 2019, and is projected to generate $317.8 billion by 2027, manifesting a CAGR of 5.9% from 2020 to 2027.
Prime determinants of growth
Rise in demand for electricity in emerging economies and surge in adoption of clean energy worldwide drive the global hydropower generation market. However, high operational and capital costs restrict the market growth. On the other hand, rise in demand for renewable power and increase in hydropower installation capacity present new opportunities in the next few years. ....

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