It was recently reported by globaldata.com that Hydropower is the most efficient and popular renewable resource for electricity generation in the entire world. As the demand for energy rises across the globe, the nations of the world are looking for the highest possible return on their energy investment. Hydroelectric power is ideal for this because of low maintenance costs, inexpensive operation and high energy yield. It is likely that the renewable energy industry will trend toward water-based power in the near future and for decades to come. The article projects a market analysis for hydropower for the next ten years, as small and mini hydroelectric plants begin to be widely developed. Globaldata estimates that by 2015, small hydropower will produce 140 gigawatts of electricity and by 2020 that number will be closer to 210 GW. Considering that in 2001 the entire output of the world's hydropower was 695.8 GW and by 2009 that number was 888.8GW, this is no small drop in the bucket.
The entire report is incredibly interesting to those in the power generation field. Here is a quick abstract:
GlobalData’s “Global Small Hydro Power Market Analysis and Forecasts to 2020” report gives an in-depth analysis of Global small hydro power market and provides forecasts up to 2020. The research analyzes the growth, evolution of global small hydro power market up to 2008 and gives historical and forecast statistics for the period 2001-2020. This research also gives detailed analysis of the market structures of the technology and regulatory policies that govern it. Detailed information on key current and upcoming assets give a roadmap to this industry’s development.
As the world's demand for power continues to increase exponentially along with our population and the rapid growth of technology, companies who are looking for an efficient renewable resource should consider riding the wave of hydropower into the next decade.
0 comments:
Post a Comment