The global hydropower generation market size was valued at US$ 237.95 billion in 2023 and is anticipated to witness a (CAGR) of 5.9% from 2023 to 2030.
Hydropower is the electricity produced from generators driven by turbines that convert the potential energy of falling or fast-flowing water into mechanical energy. The hydro power generation is highly capital-intensive mode of electricity generation but being renewable source of energy with no consumables involved, there is very little recurring cost and hence no high long-term expenditure.