Global Hydro Power Generation Market 2015 with CAGR of 2.21% is expected to reach $81 billion by 2022.
The Global Hydro Power Generation Market 2015 is estimated to be $68 billion in 2014 with CAGR of 2.21% is expected to reach $81 billion by 2022. The Hydro Power Generation is estimated to drive the market over next decade due to increase in Electricity demand. To meet their electricity demand every country is looking at the Hydro Power Generation, which is generated by kinetic energy of flowing water moving from higher to lower elevation. Administration and Regulatory Barriers are the key challenges for the growth of the market.
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Global Hydro Power Generation market is mainly segmented by Application and by Geography. Based on Application, market is segregated into Industrial, Residential, and Commercial. Hydro Power Generation market, by geography is categorized into North America, Europe, Asia Pacific and Rest of the World. Asia pacific has the largest market for Hydro Power Generation with a share of 43% is followed by Europe with share of 22%.
The key players in the Hydro Power Generation market include, GE Energy, The Tata Power Corporation, StatKraft, Alstom, Duke Energy Corporation, EDP Energias do Brasil SA, Andritz Hydro USA Inc, CPFL Energia S.A, OJSC Bashkirenergo, Ontario Power Generation Inc.
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