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市場調查報告書
商品編碼
2047971
水力發電市場-全球產業規模、佔有率、趨勢、機會、預測:產能、應用、區域及競爭格局(2021-2031年)Hydropower Generation Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Capacity, By Application, By Region & Competition, 2021-2031F |
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全球水力發電市場預計將從 2025 年的 4,398.9 億美元大幅成長至 2031 年的 6,278.9 億美元,複合年成長率為 6.11%。
該領域主要涉及利用水庫、引水系統和抽水蓄能水力發電廠將流動水的動能轉化為電能的設施的設計和運作。其發展主要受全球活性化脫碳運動和對靈活基本負載電力日益成長的需求的驅動,而靈活基荷電力對於穩定日益依賴間歇性再生能源來源的電網至關重要。國際水力發電協會(IHA)2024年報告也強調了這種持續的需求,該報告預測全球水力發電量將成長10%,達到4578太瓦時(TWh)。這凸顯了水力發電在保障能源安全和促進向清潔能源全面轉型方面發揮的關鍵作用。然而,冗長而複雜的監管授權程序嚴重阻礙了這一新計畫。繁瑣的環境影響評估和官僚核准流程常常使開發進度延誤數年,導致財務風險和前期投資成本增加。這抑制了私人投資,並阻礙了實現雄心勃勃的氣候目標所需的關鍵發電能力的部署。
| 市場概覽 | |
|---|---|
| 預測期 | 2027-2031 |
| 市場規模:2025年 | 4398.9億美元 |
| 市場規模:2031年 | 6278.9億美元 |
| 複合年成長率:2026-2031年 | 6.11% |
| 成長最快的細分市場 | 小規模水力發電廠 |
| 最大的市場 | 北美洲 |
全球水力發電市場最大的驅動力是嚴格的脫碳和淨零排放目標的實施。隨著各國逐步淘汰石化燃料,水力發電因其能夠提供大規模、低碳的基本負載電力而獲得越來越多的支持,而間歇性可再生能源目前尚無法充分滿足這一需求。隨著各國政府將能源生產與全球氣候變遷協議相銜接,這種監管推動力正大幅增加成熟市場和新興市場的發電裝置容量。根據國際水力發電協會(IHA)發布的《2025年全球水力發電展望》,全球水力發電產業將在2024年新增24.6吉瓦的發電裝置容量,並擁有超過1075吉瓦的強勁在開發平臺,到2025年,這表明該產業對這些永續能源目標的持續承諾。同時,受電網穩定性和負載平衡需求不斷成長的推動,抽水蓄能電站(PHES)的投資激增也是重要的驅動力。隨著波動性較大的風能和太陽能併入電網,能夠儲存剩餘電力並在用電高峰期快速供電的抽水蓄能電站變得至關重要。這種運作需求正推動著對現有基礎設施進行現代化改造和建設新的倉儲設施的大量投資,尤其是在快速工業化的經濟體中。例如,正如中國可再生能源工程研究院在《2024年中國可再生能源發展報告》中所指出的,到2024年底,中國抽水蓄能電站的累積裝置容量將超過58吉瓦。
全球水力發電市場擴張面臨一大障礙:新計畫授權流程冗長而複雜。開發大規模水力發電設施需要一系列複雜的程序,包括環境影響評估、土地權屬談判以及多個機構的核准,這些程序可能耗時數年甚至數十年。漫長的建設前期階段帶來了相當大的不確定性,並推高了初始資本成本,因為開發商必須在長期無法產生收入的情況下籌集資金。因此,與部署速度更快的可再生能源技術相比,水力發電發電工程的財務風險狀況吸引力下降,導致私人資本流向其他領域。這種監管效率低下直接導致產能擴張速度無法跟上全球能源轉型的需求。由於核准流程耗時難以預測,投資人往往猶豫不決,導致可行的專案儲備停滯不前。 2025年,國際水力發電協會(IHA)預測,全球水力發電裝置容量將比國際可再生能源機構(IRENA)設定的2030年發電目標少約60-70吉瓦。這一缺口清楚地表明,官僚主義的瓶頸如何阻礙了關鍵的靈活基本負載電源的部署,使得市場儘管需求強勁,卻無法充分發揮其潛力。
隨著全球發電能力的老化,水力發電產業正在湧現的關鍵趨勢之一是舊水力發電基礎設施的維修和翻新。營運商正加大對渦輪機和控制系統的升級改造投資,以延長現有資產的運作,並降低老舊大壩帶來的環境風險。與開發新的水庫解決方案不同,在維持現有發電能力對經濟穩定至關重要的地區,這一趨勢尤其重要。一個顯著的例子是安德里茨公司於2025年7月簽署的數百萬歐元契約,用於維修莫三比克最大的水電站——卡約拉巴薩水電站。這表明,關鍵基礎設施的修復得到了大量投資。同時,將浮體式太陽能發電併入水庫,正透過建構協同混合可再生能源系統,改變資產的利用方式。這種創新方法充分利用了現有的輸電基礎設施和水庫水面,顯著降低了土地採集費用,同時也利用水的冷卻效應來提高太陽能板的效率。這種混合模式兼顧了太陽能發電的不穩定性與水力發電的可調節性,從而實現更穩定的電力輸出,並最佳化現有水庫的發電曲線。泰國總合(EGAT)在其2025年11月發布的最新水力-浮體式太陽能混合發電項目報告中詳細闡述,該局正在積極推進三個總裝置容量為348兆瓦的混合發電項目,彰顯了其致力於最大限度地發揮這種可再生能源協同效應的決心。
The Global Hydropower Generation Market is projected to expand significantly, growing from USD 439.89 Billion in 2025 to USD 627.89 Billion by 2031, at a Compound Annual Growth Rate (CAGR) of 6.11%. This sector primarily involves designing and operating facilities that convert the kinetic energy of moving water into electricity, utilizing reservoir, diversion, and pumped storage systems. Its expansion is fundamentally propelled by the intensifying global drive for decarbonization and the critical demand for flexible baseload power, which is essential for stabilizing grids increasingly relying on intermittent renewable energy sources. This sustained demand is evident in the International Hydropower Association's 2024 report, indicating a 10% rise in global hydropower generation to 4,578 TWh, underscoring its pivotal role in ensuring energy security and facilitating the broader transition to clean energy. Nevertheless, this growth is substantially hampered by the protracted and intricate regulatory permitting processes for new projects. The extensive environmental impact assessments and bureaucratic approvals frequently prolong development timelines by several years, escalating financial risks and initial capital outlays, which often deters private investment and impedes the deployment of vital capacity needed to achieve ambitious climate targets.
| Market Overview | |
|---|---|
| Forecast Period | 2027-2031 |
| Market Size 2025 | USD 439.89 Billion |
| Market Size 2031 | USD 627.89 Billion |
| CAGR 2026-2031 | 6.11% |
| Fastest Growing Segment | Small Hydro Power Plant |
| Largest Market | North America |
Market Driver
The foremost catalyst for the Global Hydropower Generation Market is the implementation of rigorous decarbonization and net-zero emissions targets. As nations aim to eliminate fossil fuels, hydropower is increasingly favored for its capacity to deliver utility-scale, low-carbon baseload electricity, a role that intermittent renewables cannot yet fully fulfill. This regulatory impetus is stimulating considerable capacity additions across both established and emerging markets, as governments align energy production with global climate agreements. The International Hydropower Association's '2025 World Hydropower Outlook' reported that the global hydropower sector added 24.6 GW of new capacity in 2024, with a robust development pipeline exceeding 1,075 GW in 2025, demonstrating ongoing industry commitment to these sustainable energy mandates. Simultaneously, a significant driver is the burgeoning investment in Pumped Hydro Energy Storage (PHES), driven by the escalating need for grid stability and load balancing. With a greater integration of variable wind and solar energy into grids, PHES facilities are becoming indispensable, offering the capability to store surplus power and provide rapid dispatch during peak demand. This operational imperative has spurred substantial capital allocation towards modernizing existing infrastructure and constructing new storage facilities, particularly in rapidly industrializing economies, exemplified by China's cumulative installed pumped hydro capacity exceeding 58 GW by the end of 2024, as noted in the China Renewable Energy Engineering Institute's 'China Renewable Energy Development Report 2024'.
Market Challenge
The expansion of the Global Hydropower Generation Market faces a formidable obstacle in the form of lengthy and intricate regulatory permitting processes required for new projects. Developing large-scale hydropower facilities necessitates navigating a complex array of environmental impact assessments, land rights negotiations, and multi-agency approvals, which can stretch over several years or even decades. This extended pre-construction phase introduces considerable uncertainty and inflates upfront capital costs, as developers must fund operations without generating revenue for prolonged periods. Consequently, the financial risk profile of hydropower projects becomes less appealing compared to renewable technologies with quicker deployment schedules, thereby redirecting private capital elsewhere. This regulatory inefficiency directly results in a pace of capacity additions that falls short of global energy transition demands. Investors are frequently discouraged by the unpredictable duration of the approval cycle, leading to a stagnation in the pipeline of viable projects. The International Hydropower Association projected in 2025 that the global hydropower sector would miss the International Renewable Energy Agency's 2030 capacity targets by approximately 60 to 70 GW, a shortfall that vividly illustrates how bureaucratic bottlenecks impede the deployment of essential flexible baseload capacity, preventing the market from realizing its full potential despite strong demand.
Market Trends
A pivotal trend emerging in the hydropower sector is the Retrofitting and Modernization of Aging Hydropower Infrastructure as the global fleet matures. Operators are increasingly investing in upgrading turbines and control systems to extend the operational lifespan of existing assets while mitigating environmental risks associated with older dams. This trend is particularly crucial in regions where maintaining legacy capacity is vital for economic stability, distinct from the development of new storage solutions. A notable example is Andritz's securing of a mid-three-digit million-euro contract in July 2025 for the rehabilitation of Mozambique's largest hydropower plant, Cahora Bassa, underscoring significant investment in restoring critical infrastructure. Concurrently, the Integration of Floating Solar Photovoltaics on Hydropower Reservoirs is transforming asset utilization by creating synergistic hybrid renewable energy systems. This innovative approach capitalizes on existing transmission infrastructure and reservoir surfaces, significantly reducing land acquisition expenses while benefiting from the water's cooling effect, which enhances solar panel efficiency. Such hybridization enables a more consistent power output by balancing solar intermittency with hydropower's dispatchability, thereby optimizing the generation profile of existing reservoirs. The Electricity Generating Authority of Thailand (EGAT) is actively advancing three hybrid projects with a combined capacity of 348 MW, as detailed in their November 2025 'Hydro-Floating Solar Hybrid Projects' update, highlighting the commitment to maximizing this renewable synergy.
Report Scope
In this report, the Global Hydropower Generation Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies present in the Global Hydropower Generation Market.
Global Hydropower Generation Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: