Hydropower Market Size

Hydropower Market size was valued at USD 278.57 billion in 2024 and is projected to reach USD 542.97 billion by the end of 2037, expanding at around 5.4% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of hydropower is assessed at USD 290.38 billion. The growth of the market can be attributed to the increasing demand for renewable energy. As public awareness about environmental issues and greenhouse gas emissions grows, so does the demand for renewable energy sources. Hydropower is one of the most dependable and cost-effective renewable energy sources, making it an appealing option for energy providers and governments trying to lower their environmental impact. For instance, according to the U.S. E.I.A (Energy Information Administration), renewable energy accounted for about 12.4% of total energy consumed in the U.S. in 2021.

In addition to these, factors that are believed to fuel the market growth of irritable bowel syndrome drugs include growing government interest in clean energy sources. Numerous countries throughout the globe have put laws and incentives in place to encourage the use of sources of clean energy such as hydropower. Some governments, for instance, provide tax benefits or subsidies for the building of new hydropower facilities, whereas others have set renewable power objectives that include hydropower. Additionally, the growing number of awareness campaigns focusing on the benefits of clean energy is also predicted to boost the growth of the market.