The global hydro power market will be worth $86.2bn in 2025, up from $70.9bn in 2017, according to research and consulting company GlobalData.
GlobalData said the growth will be driven by new investment in China, Brazil and India, as well as several emerging countries.
Growing power demand – 27 million gigawatt hours in 2015 from 21.7 million GWh in 2017 – will also fuel growth, the company said in a new report.
It said cumulative global hydro power installations are expected to reach 1691.8GW by 2025 from 1211.3GW in 2016.
GlobalData power analyst Anchal Agarwal said: “China will continue to dominate market share, with installed hydro power capacity set to rise from 341GW in 2016 to 442GW by 2020.”
Image: sxc
Hydro ‘worth $86.2bn in 2025′
GlobaData says growth driven by investment in China, Brazil and India
By EBS