수력발전 시장 - 산업 규모, 점유율, 동향, 기회, 예측 : 용량, 용도, 지역별 경쟁(2021-2031년)

The Global Hydropower Generation Market is projected to expand significantly, growing from USD 439.89 Billion in 2025 to USD 627.89 Billion by 2031, at a Compound Annual Growth Rate (CAGR) of 6.11%. This sector primarily involves designing and operating facilities that convert the kinetic energy of moving water into electricity, utilizing reservoir, diversion, and pumped storage systems. Its expansion is fundamentally propelled by the intensifying global drive for decarbonization and the critical demand for flexible baseload power, which is essential for stabilizing grids increasingly relying on intermittent renewable energy sources. This sustained demand is evident in the International Hydropower Association's 2024 report, indicating a 10% rise in global hydropower generation to 4,578 TWh, underscoring its pivotal role in ensuring energy security and facilitating the broader transition to clean energy. Nevertheless, this growth is substantially hampered by the protracted and intricate regulatory permitting processes for new projects. The extensive environmental impact assessments and bureaucratic approvals frequently prolong development timelines by several years, escalating financial risks and initial capital outlays, which often deters private investment and impedes the deployment of vital capacity needed to achieve ambitious climate targets.

Market Driver

The foremost catalyst for the Global Hydropower Generation Market is the implementation of rigorous decarbonization and net-zero emissions targets. As nations aim to eliminate fossil fuels, hydropower is increasingly favored for its capacity to deliver utility-scale, low-carbon baseload electricity, a role that intermittent renewables cannot yet fully fulfill. This regulatory impetus is stimulating considerable capacity additions across both established and emerging markets, as governments align energy production with global climate agreements. The International Hydropower Association's '2025 World Hydropower Outlook' reported that the global hydropower sector added 24.6 GW of new capacity in 2024, with a robust development pipeline exceeding 1,075 GW in 2025, demonstrating ongoing industry commitment to these sustainable energy mandates. Simultaneously, a significant driver is the burgeoning investment in Pumped Hydro Energy Storage (PHES), driven by the escalating need for grid stability and load balancing. With a greater integration of variable wind and solar energy into grids, PHES facilities are becoming indispensable, offering the capability to store surplus power and provide rapid dispatch during peak demand. This operational imperative has spurred substantial capital allocation towards modernizing existing infrastructure and constructing new storage facilities, particularly in rapidly industrializing economies, exemplified by China's cumulative installed pumped hydro capacity exceeding 58 GW by the end of 2024, as noted in the China Renewable Energy Engineering Institute's 'China Renewable Energy Development Report 2024'.

Market Challenge

The expansion of the Global Hydropower Generation Market faces a formidable obstacle in the form of lengthy and intricate regulatory permitting processes required for new projects. Developing large-scale hydropower facilities necessitates navigating a complex array of environmental impact assessments, land rights negotiations, and multi-agency approvals, which can stretch over several years or even decades. This extended pre-construction phase introduces considerable uncertainty and inflates upfront capital costs, as developers must fund operations without generating revenue for prolonged periods. Consequently, the financial risk profile of hydropower projects becomes less appealing compared to renewable technologies with quicker deployment schedules, thereby redirecting private capital elsewhere. This regulatory inefficiency directly results in a pace of capacity additions that falls short of global energy transition demands. Investors are frequently discouraged by the unpredictable duration of the approval cycle, leading to a stagnation in the pipeline of viable projects. The International Hydropower Association projected in 2025 that the global hydropower sector would miss the International Renewable Energy Agency's 2030 capacity targets by approximately 60 to 70 GW, a shortfall that vividly illustrates how bureaucratic bottlenecks impede the deployment of essential flexible baseload capacity, preventing the market from realizing its full potential despite strong demand.

Market Trends

A pivotal trend emerging in the hydropower sector is the Retrofitting and Modernization of Aging Hydropower Infrastructure as the global fleet matures. Operators are increasingly investing in upgrading turbines and control systems to extend the operational lifespan of existing assets while mitigating environmental risks associated with older dams. This trend is particularly crucial in regions where maintaining legacy capacity is vital for economic stability, distinct from the development of new storage solutions. A notable example is Andritz's securing of a mid-three-digit million-euro contract in July 2025 for the rehabilitation of Mozambique's largest hydropower plant, Cahora Bassa, underscoring significant investment in restoring critical infrastructure. Concurrently, the Integration of Floating Solar Photovoltaics on Hydropower Reservoirs is transforming asset utilization by creating synergistic hybrid renewable energy systems. This innovative approach capitalizes on existing transmission infrastructure and reservoir surfaces, significantly reducing land acquisition expenses while benefiting from the water's cooling effect, which enhances solar panel efficiency. Such hybridization enables a more consistent power output by balancing solar intermittency with hydropower's dispatchability, thereby optimizing the generation profile of existing reservoirs. The Electricity Generating Authority of Thailand (EGAT) is actively advancing three hybrid projects with a combined capacity of 348 MW, as detailed in their November 2025 'Hydro-Floating Solar Hybrid Projects' update, highlighting the commitment to maximizing this renewable synergy.

Key Market Players

• Andritz Hydro USA Inc.
• China Hydroelectric Corporation
• Sinohydro Corporation
• IHI Corporation
• CPFL Energia S.A.
• ABB Ltd.
• China Three Gorges Corporation
• Gerdau S.A.

Report Scope

In this report, the Global Hydropower Generation Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Hydropower Generation Market, By Capacity

• Small Hydro Power Plant
• Medium Hydro Power Plant
• Large Hydro Power Plant

Hydropower Generation Market, By Application

• Commercial
• Industrial
• Residential

Hydropower Generation Market, By Region

• North America
  • United States
  • Canada
  • Mexico
• Europe
  • France
  • United Kingdom
  • Italy
  • Germany
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
• South America
  • Brazil
  • Argentina
  • Colombia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Hydropower Generation Market.

Available Customizations:

Global Hydropower Generation Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Table of Contents

1. Product Overview

• 1.1. Market Definition
• 1.2. Scope of the Market
  • 1.2.1. Markets Covered
  • 1.2.2. Years Considered for Study
  • 1.2.3. Key Market Segmentations

2. Research Methodology

• 2.1. Objective of the Study
• 2.2. Baseline Methodology
• 2.3. Key Industry Partners
• 2.4. Major Association and Secondary Sources
• 2.5. Forecasting Methodology
• 2.6. Data Triangulation & Validation
• 2.7. Assumptions and Limitations

3. Executive Summary

• 3.1. Overview of the Market
• 3.2. Overview of Key Market Segmentations
• 3.3. Overview of Key Market Players
• 3.4. Overview of Key Regions/Countries
• 3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Hydropower Generation Market Outlook

• 5.1. Market Size & Forecast
  • 5.1.1. By Value
• 5.2. Market Share & Forecast
  • 5.2.1. By Capacity (Small Hydro Power Plant, Medium Hydro Power Plant, Large Hydro Power Plant)
  • 5.2.2. By Application (Commercial, Industrial, Residential)
  • 5.2.3. By Region
  • 5.2.4. By Company (2025)
• 5.3. Market Map

6. North America Hydropower Generation Market Outlook

• 6.1. Market Size & Forecast
  • 6.1.1. By Value
• 6.2. Market Share & Forecast
  • 6.2.1. By Capacity
  • 6.2.2. By Application
  • 6.2.3. By Country
• 6.3. North America: Country Analysis
  • 6.3.1. United States Hydropower Generation Market Outlook
    • 6.3.1.1. Market Size & Forecast
      • 6.3.1.1.1. By Value
    • 6.3.1.2. Market Share & Forecast
      • 6.3.1.2.1. By Capacity
      • 6.3.1.2.2. By Application
  • 6.3.2. Canada Hydropower Generation Market Outlook
    • 6.3.2.1. Market Size & Forecast
      • 6.3.2.1.1. By Value
    • 6.3.2.2. Market Share & Forecast
      • 6.3.2.2.1. By Capacity
      • 6.3.2.2.2. By Application
  • 6.3.3. Mexico Hydropower Generation Market Outlook
    • 6.3.3.1. Market Size & Forecast
      • 6.3.3.1.1. By Value
    • 6.3.3.2. Market Share & Forecast
      • 6.3.3.2.1. By Capacity
      • 6.3.3.2.2. By Application

7. Europe Hydropower Generation Market Outlook

• 7.1. Market Size & Forecast
  • 7.1.1. By Value
• 7.2. Market Share & Forecast
  • 7.2.1. By Capacity
  • 7.2.2. By Application
  • 7.2.3. By Country
• 7.3. Europe: Country Analysis
  • 7.3.1. Germany Hydropower Generation Market Outlook
    • 7.3.1.1. Market Size & Forecast
      • 7.3.1.1.1. By Value
    • 7.3.1.2. Market Share & Forecast
      • 7.3.1.2.1. By Capacity
      • 7.3.1.2.2. By Application
  • 7.3.2. France Hydropower Generation Market Outlook
    • 7.3.2.1. Market Size & Forecast
      • 7.3.2.1.1. By Value
    • 7.3.2.2. Market Share & Forecast
      • 7.3.2.2.1. By Capacity
      • 7.3.2.2.2. By Application
  • 7.3.3. United Kingdom Hydropower Generation Market Outlook
    • 7.3.3.1. Market Size & Forecast
      • 7.3.3.1.1. By Value
    • 7.3.3.2. Market Share & Forecast
      • 7.3.3.2.1. By Capacity
      • 7.3.3.2.2. By Application
  • 7.3.4. Italy Hydropower Generation Market Outlook
    • 7.3.4.1. Market Size & Forecast
      • 7.3.4.1.1. By Value
    • 7.3.4.2. Market Share & Forecast
      • 7.3.4.2.1. By Capacity
      • 7.3.4.2.2. By Application
  • 7.3.5. Spain Hydropower Generation Market Outlook
    • 7.3.5.1. Market Size & Forecast
      • 7.3.5.1.1. By Value
    • 7.3.5.2. Market Share & Forecast
      • 7.3.5.2.1. By Capacity
      • 7.3.5.2.2. By Application

8. Asia Pacific Hydropower Generation Market Outlook

• 8.1. Market Size & Forecast
  • 8.1.1. By Value
• 8.2. Market Share & Forecast
  • 8.2.1. By Capacity
  • 8.2.2. By Application
  • 8.2.3. By Country
• 8.3. Asia Pacific: Country Analysis
  • 8.3.1. China Hydropower Generation Market Outlook
    • 8.3.1.1. Market Size & Forecast
      • 8.3.1.1.1. By Value
    • 8.3.1.2. Market Share & Forecast
      • 8.3.1.2.1. By Capacity
      • 8.3.1.2.2. By Application
  • 8.3.2. India Hydropower Generation Market Outlook
    • 8.3.2.1. Market Size & Forecast
      • 8.3.2.1.1. By Value
    • 8.3.2.2. Market Share & Forecast
      • 8.3.2.2.1. By Capacity
      • 8.3.2.2.2. By Application
  • 8.3.3. Japan Hydropower Generation Market Outlook
    • 8.3.3.1. Market Size & Forecast
      • 8.3.3.1.1. By Value
    • 8.3.3.2. Market Share & Forecast
      • 8.3.3.2.1. By Capacity
      • 8.3.3.2.2. By Application
  • 8.3.4. South Korea Hydropower Generation Market Outlook
    • 8.3.4.1. Market Size & Forecast
      • 8.3.4.1.1. By Value
    • 8.3.4.2. Market Share & Forecast
      • 8.3.4.2.1. By Capacity
      • 8.3.4.2.2. By Application
  • 8.3.5. Australia Hydropower Generation Market Outlook
    • 8.3.5.1. Market Size & Forecast
      • 8.3.5.1.1. By Value
    • 8.3.5.2. Market Share & Forecast
      • 8.3.5.2.1. By Capacity
      • 8.3.5.2.2. By Application

9. Middle East & Africa Hydropower Generation Market Outlook

• 9.1. Market Size & Forecast
  • 9.1.1. By Value
• 9.2. Market Share & Forecast
  • 9.2.1. By Capacity
  • 9.2.2. By Application
  • 9.2.3. By Country
• 9.3. Middle East & Africa: Country Analysis
  • 9.3.1. Saudi Arabia Hydropower Generation Market Outlook
    • 9.3.1.1. Market Size & Forecast
      • 9.3.1.1.1. By Value
    • 9.3.1.2. Market Share & Forecast
      • 9.3.1.2.1. By Capacity
      • 9.3.1.2.2. By Application
  • 9.3.2. UAE Hydropower Generation Market Outlook
    • 9.3.2.1. Market Size & Forecast
      • 9.3.2.1.1. By Value
    • 9.3.2.2. Market Share & Forecast
      • 9.3.2.2.1. By Capacity
      • 9.3.2.2.2. By Application
  • 9.3.3. South Africa Hydropower Generation Market Outlook
    • 9.3.3.1. Market Size & Forecast
      • 9.3.3.1.1. By Value
    • 9.3.3.2. Market Share & Forecast
      • 9.3.3.2.1. By Capacity
      • 9.3.3.2.2. By Application

10. South America Hydropower Generation Market Outlook

• 10.1. Market Size & Forecast
  • 10.1.1. By Value
• 10.2. Market Share & Forecast
  • 10.2.1. By Capacity
  • 10.2.2. By Application
  • 10.2.3. By Country
• 10.3. South America: Country Analysis
  • 10.3.1. Brazil Hydropower Generation Market Outlook
    • 10.3.1.1. Market Size & Forecast
      • 10.3.1.1.1. By Value
    • 10.3.1.2. Market Share & Forecast
      • 10.3.1.2.1. By Capacity
      • 10.3.1.2.2. By Application
  • 10.3.2. Colombia Hydropower Generation Market Outlook
    • 10.3.2.1. Market Size & Forecast
      • 10.3.2.1.1. By Value
    • 10.3.2.2. Market Share & Forecast
      • 10.3.2.2.1. By Capacity
      • 10.3.2.2.2. By Application
  • 10.3.3. Argentina Hydropower Generation Market Outlook
    • 10.3.3.1. Market Size & Forecast
      • 10.3.3.1.1. By Value
    • 10.3.3.2. Market Share & Forecast
      • 10.3.3.2.1. By Capacity
      • 10.3.3.2.2. By Application

11. Market Dynamics

• 11.1. Drivers
• 11.2. Challenges

12. Market Trends & Developments

• 12.1. Merger & Acquisition (If Any)
• 12.2. Product Launches (If Any)
• 12.3. Recent Developments

13. Global Hydropower Generation Market: SWOT Analysis

14. Porter's Five Forces Analysis

• 14.1. Competition in the Industry
• 14.2. Potential of New Entrants
• 14.3. Power of Suppliers
• 14.4. Power of Customers
• 14.5. Threat of Substitute Products

15. Competitive Landscape

• 15.1. Andritz Hydro USA Inc.
  • 15.1.1. Business Overview
  • 15.1.2. Products & Services
  • 15.1.3. Recent Developments
  • 15.1.4. Key Personnel
  • 15.1.5. SWOT Analysis
• 15.2. China Hydroelectric Corporation
• 15.3. Sinohydro Corporation
• 15.4. IHI Corporation
• 15.5. CPFL Energia S.A.
• 15.6. ABB Ltd.
• 15.7. China Three Gorges Corporation
• 15.8. Gerdau S.A.

16. Strategic Recommendations

17. About Us & Disclaimer