Hydropower industry in the USA to grow to $17 B by 2024

reogma|Hydropower industry in the USA to grow to $17 B by 2024

The companies in the U.S. as well as the regulatory bodies have been making substantial investments toward the adoption of sustainable energy, which will lead U.S. hydropower industry to grow at a CAGR of 2% over 2018-2024 reaching from $15 billion to $17 billion in terms of revenue.

  • Definition / Scope
  • Market Overview
  • Market Risks
  • Top Market Opportunities
  • Market Trends
  • Industry Challenges
  • Technology Trends
  • Pricing Trends
  • Regulatory Trends
  • Market Size and Forecast
  • Market Outlook
  • Technology Roadmap
  • Competitive Landscape
  • Competitive Factors
  • Key Market Players
  • Strategic Conclusion
  • References

Definition / Scope

Hydropower is energy derived from flowing water. More than 2,000 years ago, the ancient Greeks used waterpower to run wheels for grinding grain; today it is among the most cost-effective means of generating electricity and is often the preferred method where available.

In Norway, for example, 99% of electricity comes from hydropower. The world’s largest hydropower plant is the 22.5 gigawatt Three Gorges Dam in China. It produces 80 to 100 terawatt-hours per year, enough to supply between 70 million and 80 million households.

Small-scale micro-hydropower projects can make a big difference to communities in remote locations.

The basic principle of hydropower is using water to drive turbines. Hydropower plants consist of two basic configurations: with dams and reservoirs, or without. Hydropower dams with a large reservoir can store water over short or long periods to meet peak demand.

The facilities can also be divided into smaller dams for different purposes, such as night or day use, seasonal storage, or pumped-storage reversible plants, for both pumping and electricity generation.

Hydropower without dams and reservoirs means producing at a smaller scale, typically from a facility designed to operate in a river without interfering in its flow. For this reason, many consider small-scale hydro a more environmentally-friendly option.


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The companies in the U.S. as well as the regulatory bodies have been making substantial investments toward the adoption of sustainable energy, which will lead U.S. hydropower industry to grow at a CAGR of 2% over 2018-2024 reaching from $15 billion to $17 billion in terms of revenue. Definition / […]
reogma|Hydropower industry in the USA to grow to $17 B by 2024reogma|Hydropower industry in the USA to grow to $17 B by 2024

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