The Hydropower Market size is estimated at 1.40 terawatt in 2024, and is expected to reach 1.47 terawatt by 2029, growing at a CAGR of 1.02% during the forecast period (2024-2029).
The hydropower market is semi-consolidated. Some of the major players include (not in particular order) GE Renewable Energy, Siemens Energy AG, Andritz AG, Voith GmbH & Co. KGaA, and PJSC RusHydro, among others.
In March 2022, ANDRITZ and the Electricity Generating Authority of Thailand (EGAT) signed a Memorandum of Understanding (MoU) to jointly explore and expand business opportunities for hydropower projects in Thailand and surrounding Southeast Asian countries.
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