Hydroelectric Power in the US - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

Powering up: Government incentives and rising electricity prices will aid revenue growth

Hydroelectric power producers use water to generate hydroelectric and renewable electricity. Operators also use renewable energy sources like wood, municipal waste, landfill gas, biomass and geothermal energy. Droughts have limited the availability of water in specific regions across the country. This led to delays in hydroelectric infrastructure investment, halting upgrades to expand storage and efficiency. Although hydroelectricity is an environmentally friendly renewable energy source, it has received considerable scrutiny from state governments because hydroelectric dams can damage river resources. This has led to a slowdown in new facilities as many producers have switched to small hydro projects. Overall, revenue is expected to dip at a CAGR of 1.5% over the past five years and is expected to total $8.6 billion in 2023, where revenue is anticipated to get a 1.8% boost. Profit remains elevated at 17.4% of revenue as renewable energy projects tend to be profitable.

Companies in this industry operate facilities that use water to generate hydroelectric and renewable electricity (other than wind and solar power). Industry operators also use renewable energy sources, including wood, municipal waste, landfill gas, biomass and geothermal energy to generate electricity. Data is sourced from the Energy Information Administration and the US Census Bureau.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.