Hydroelectric system: the most efficient low-carbon energy sources!
Hydroelectricity (also known as hydropower, hydropower, and hydraulic power) is a general term for electricity produced by hydroelectric systems. These systems use the force of gravity to move water and create electricity.
The main objective of the hydroelectric system is the production of electrical energy by harnessing the potential energy of water. The hydroelectric system can be classified as a renewable energy source because it has the ability to generate electricity on demand, thus making it available at all times. Most turbines have variable speed gearboxes to control raw water flow. The life of the hydropower project depends on the annual rainfall and seasonal flow fluctuations as well as the amount of wastage due to evaporation and seepage from the penstocks that are reinjected into the downstream canals.
Hydroelectricity is the most widely used renewable energy source. It is one of the most efficient low carbon energy sources. With rapidly improving technology and increasing economic growth, the global hydropower market has witnessed significant growth in recent years.
Continued growth in demand for renewable energy hydropower systems market. Environmental awareness and growing concerns about global warming have led to the adoption of renewable energy sources such as solar and wind power. As most countries aim to dramatically increase their renewable energy production by 2030, there is a growing need for alternatives that depend on water levels, including hydropower systems.
The hydropower technology market is facing major key trends that will drive growth over the next ten years. Rising pressure on water resources, growing demand for electricity and increase in renewable energy sources have been analyzed as the major drivers for the growth of the market. Technological advancements, stringent environmental regulations and fluctuating fuel prices are restraining market expansion
Key Players Featured in the Report:
Andritz, GE, Voith, Toshiba, Harbin Electric, Dongfang Electric, Power Machines, Hitachi Mitsubishi, IMPSA, Zhefu, CME, BHEL, Tianfa, Gilkes, Tianbao