The hydroelectric cells market size has grown strongly in recent years. It will grow from $1.9 billion in 2024 to $2.02 billion in 2025 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to renewable energy initiatives, hydropower plant construction boom, government incentives and subsidies, increasing environmental awareness, demand for off-grid power solutions, rising energy consumption.
The hydroelectric cells market size is expected to see strong growth in the next few years. It will grow to $2.65 billion in 2029 at a compound annual growth rate (CAGR) of 7%. The growth in the forecast period can be attributed to governmental climate policies, growing investment in renewable energy, focus on decentralized energy systems, government incentives and subsidies, advancements in energy storage. Major trends in the forecast period include development of small-scale hydroelectric cells, integration of advanced materials, increased focus on environmental sustainability, emergence of floating hydroelectric cells, research and development in energy storage.
Increasing investments in renewable power generation are significantly driving the growth of the hydroelectric cells market. Renewable energy refers to energy derived from naturally replenished sources like sunlight and wind. Many power generation companies, particularly in the United States and Europe, are making substantial investments in renewable energy sources for electricity generation due to their numerous advantages. For example, in July 2023, the International Energy Agency, a France-based autonomous intergovernmental organization, reported that global investments in solar PV capacity additions rose by over 20% in 2022, surpassing USD 320 billion in 2021, thereby setting a new record. Consequently, the rising investments in renewable power generation are expected to propel the growth of the hydroelectric cells market moving forward.
The global demand for electrical energy is also poised to be a major contributor to the growth of the hydroelectric cell market. As the need for electrical energy continues to rise globally, hydroelectric cells, serving as a sustainable and renewable energy source, are becoming increasingly vital. The Energy Information Administration (EIA) noted in October 2023 that world electricity demand could increase by one-third to three-quarters by 2050, with nuclear and renewable energy expected to generate up to two-thirds of the total electricity. Consequently, the growing global demand for electrical energy is expected to drive the expansion of the hydroelectric cell market.
Major companies in the hydroelectric cell market are concentrating on developing innovative solutions, such as self-powered cellular phone base stations, to improve energy efficiency and sustainability. A self-powered cellular phone base station is a telecommunications tower or base station capable of functioning independently of external power sources by generating its own energy. For example, in May 2024, NTT Docomo, a Japan-based mobile phone operator, launched Japan's first demonstration of a self-powered hydropower cellular base station, which uses water from irrigation canals to generate sustainable energy for mobile networks, particularly in rural areas. This system incorporates an innovative jet turbine designed by Professor Yukihiro Shimatani, which efficiently converts water flow into electricity. This method simplifies traditional hydroelectric systems and is compatible with 3D printing technology. The base station gathers critical data monitored through Docomo's Energy Management System (EMS).
Innovation in product development, such as the introduction of pico-hydro-hydroation systems, is a notable strategy employed by major companies in the hydroelectric cells market. In March 2022, Ricoh Company, Ltd. introduced a pico-hydro generation system designed to generate electricity in rural areas. These systems, with a capacity of less than 5 kW, can serve as inexpensive and simple power sources in remote locations when integrated with batteries and photovoltaics to ensure a steady power supply.
In October 2024, Quanta Computer, a Taiwan-based computer manufacturing firm, acquired Bloom Energy Systems for $80 million. This acquisition seeks to ensure a reliable and clean energy solution for its manufacturing expansion in Fremont, California, by implementing a 24/7 microgrid powered by Bloom's fuel cell technology. This initiative will address immediate power requirements and help maintain a competitive advantage in the face of rising demand for AI infrastructure. Bloom Energy Systems, a US-based green energy company, is revolutionizing energy generation with its solid-oxide platform for distributed electricity and hydrogen production.
Major companies operating in the hydroelectric cells market include GE Renewable Energy, Sinohydro Corporation Limited, Andritz AG, IHI Corporation, China Hydroelectric Corporation, China Three Gorges Corporation, ABB Ltd., Tata Power Company Limited, CSIR - National Physical Laboratory, Voith GmbH, Siemens Energy AG, Duke Energy Corporation, JSC RusHydro, Hydro-Québec Corporation, Aurora Power & Design Inc., Mitsubishi Heavy Industries Ltd., Hitachi Ltd., Sungrow Power Supply Co. Ltd., Bharat Heavy Electricals Limited, Nova Innovation Limited, Hydro Green Power Inc., Hydro Turbines International Inc., GenCell Energy Inc., CellCube Energy Storage Inc., Fluence Energy LLC.
Asia-Pacific was the largest region in the hydroelectric cells market in 2024. The regions covered in the hydroelectric cells market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the hydroelectric cells market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Hydroelectric cells (HEC) represent a significant source of green energy, generating electricity through the separation of water molecules into hydronium and hydroxide ions at room temperature. These cells utilize water as a fuel for power generation, replacing hazardous chemicals that pose risks to consumer safety and harm the environment.
The primary types of metal oxides employed in hydroelectric cells include tin(IV) oxide (SnO2), aluminum oxide (Al2O3), zinc oxide (ZnO), titanium dioxide (TiO2), magnesium oxide (MgO), and silicon dioxide (SiO2). Tin(IV) oxide (SnO2) is an inorganic compound utilized in hydroelectric cells to produce electricity by dissociating water into H3O+ and OH- ions without generating any toxic waste. Various applications of hydroelectric cells encompass portable batteries, stationary batteries, automotive batteries, and other related uses.
The hydroelectric cells market research report is one of a series of new reports that provides hydroelectric cells market statistics, including hydroelectric cells industry global market size, regional shares, competitors with hydroelectric cells market share, detailed hydroelectric cells market segments, market trends, and opportunities, and any further data you may need to thrive in the hydroelectric cells industry. The hydroelectric cells market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The hydroelectric cells market consists of sales of proton-exchange-membrane fuel cells and regenerative fuel cells. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The hydroelectric cells market size is expected to see strong growth in the next few years. It will grow to $2.65 billion in 2029 at a compound annual growth rate (CAGR) of 7%. The growth in the forecast period can be attributed to governmental climate policies, growing investment in renewable energy, focus on decentralized energy systems, government incentives and subsidies, advancements in energy storage. Major trends in the forecast period include development of small-scale hydroelectric cells, integration of advanced materials, increased focus on environmental sustainability, emergence of floating hydroelectric cells, research and development in energy storage.
Increasing investments in renewable power generation are significantly driving the growth of the hydroelectric cells market. Renewable energy refers to energy derived from naturally replenished sources like sunlight and wind. Many power generation companies, particularly in the United States and Europe, are making substantial investments in renewable energy sources for electricity generation due to their numerous advantages. For example, in July 2023, the International Energy Agency, a France-based autonomous intergovernmental organization, reported that global investments in solar PV capacity additions rose by over 20% in 2022, surpassing USD 320 billion in 2021, thereby setting a new record. Consequently, the rising investments in renewable power generation are expected to propel the growth of the hydroelectric cells market moving forward.
The global demand for electrical energy is also poised to be a major contributor to the growth of the hydroelectric cell market. As the need for electrical energy continues to rise globally, hydroelectric cells, serving as a sustainable and renewable energy source, are becoming increasingly vital. The Energy Information Administration (EIA) noted in October 2023 that world electricity demand could increase by one-third to three-quarters by 2050, with nuclear and renewable energy expected to generate up to two-thirds of the total electricity. Consequently, the growing global demand for electrical energy is expected to drive the expansion of the hydroelectric cell market.
Major companies in the hydroelectric cell market are concentrating on developing innovative solutions, such as self-powered cellular phone base stations, to improve energy efficiency and sustainability. A self-powered cellular phone base station is a telecommunications tower or base station capable of functioning independently of external power sources by generating its own energy. For example, in May 2024, NTT Docomo, a Japan-based mobile phone operator, launched Japan's first demonstration of a self-powered hydropower cellular base station, which uses water from irrigation canals to generate sustainable energy for mobile networks, particularly in rural areas. This system incorporates an innovative jet turbine designed by Professor Yukihiro Shimatani, which efficiently converts water flow into electricity. This method simplifies traditional hydroelectric systems and is compatible with 3D printing technology. The base station gathers critical data monitored through Docomo's Energy Management System (EMS).
Innovation in product development, such as the introduction of pico-hydro-hydroation systems, is a notable strategy employed by major companies in the hydroelectric cells market. In March 2022, Ricoh Company, Ltd. introduced a pico-hydro generation system designed to generate electricity in rural areas. These systems, with a capacity of less than 5 kW, can serve as inexpensive and simple power sources in remote locations when integrated with batteries and photovoltaics to ensure a steady power supply.
In October 2024, Quanta Computer, a Taiwan-based computer manufacturing firm, acquired Bloom Energy Systems for $80 million. This acquisition seeks to ensure a reliable and clean energy solution for its manufacturing expansion in Fremont, California, by implementing a 24/7 microgrid powered by Bloom's fuel cell technology. This initiative will address immediate power requirements and help maintain a competitive advantage in the face of rising demand for AI infrastructure. Bloom Energy Systems, a US-based green energy company, is revolutionizing energy generation with its solid-oxide platform for distributed electricity and hydrogen production.
Major companies operating in the hydroelectric cells market include GE Renewable Energy, Sinohydro Corporation Limited, Andritz AG, IHI Corporation, China Hydroelectric Corporation, China Three Gorges Corporation, ABB Ltd., Tata Power Company Limited, CSIR - National Physical Laboratory, Voith GmbH, Siemens Energy AG, Duke Energy Corporation, JSC RusHydro, Hydro-Québec Corporation, Aurora Power & Design Inc., Mitsubishi Heavy Industries Ltd., Hitachi Ltd., Sungrow Power Supply Co. Ltd., Bharat Heavy Electricals Limited, Nova Innovation Limited, Hydro Green Power Inc., Hydro Turbines International Inc., GenCell Energy Inc., CellCube Energy Storage Inc., Fluence Energy LLC.
Asia-Pacific was the largest region in the hydroelectric cells market in 2024. The regions covered in the hydroelectric cells market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the hydroelectric cells market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Hydroelectric cells (HEC) represent a significant source of green energy, generating electricity through the separation of water molecules into hydronium and hydroxide ions at room temperature. These cells utilize water as a fuel for power generation, replacing hazardous chemicals that pose risks to consumer safety and harm the environment.
The primary types of metal oxides employed in hydroelectric cells include tin(IV) oxide (SnO2), aluminum oxide (Al2O3), zinc oxide (ZnO), titanium dioxide (TiO2), magnesium oxide (MgO), and silicon dioxide (SiO2). Tin(IV) oxide (SnO2) is an inorganic compound utilized in hydroelectric cells to produce electricity by dissociating water into H3O+ and OH- ions without generating any toxic waste. Various applications of hydroelectric cells encompass portable batteries, stationary batteries, automotive batteries, and other related uses.
The hydroelectric cells market research report is one of a series of new reports that provides hydroelectric cells market statistics, including hydroelectric cells industry global market size, regional shares, competitors with hydroelectric cells market share, detailed hydroelectric cells market segments, market trends, and opportunities, and any further data you may need to thrive in the hydroelectric cells industry. The hydroelectric cells market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The hydroelectric cells market consists of sales of proton-exchange-membrane fuel cells and regenerative fuel cells. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Hydroelectric Cells Market Characteristics3. Hydroelectric Cells Market Trends and Strategies4. Hydroelectric Cells Market - Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics, and the Recovery from COVID-19 on the Market32. Global Hydroelectric Cells Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Hydroelectric Cells Market34. Recent Developments in the Hydroelectric Cells Market
5. Global Hydroelectric Cells Growth Analysis and Strategic Analysis Framework
6. Hydroelectric Cells Market Segmentation
7. Hydroelectric Cells Market Regional and Country Analysis
8. Asia-Pacific Hydroelectric Cells Market
9. China Hydroelectric Cells Market
10. India Hydroelectric Cells Market
11. Japan Hydroelectric Cells Market
12. Australia Hydroelectric Cells Market
13. Indonesia Hydroelectric Cells Market
14. South Korea Hydroelectric Cells Market
15. Western Europe Hydroelectric Cells Market
16. UK Hydroelectric Cells Market
17. Germany Hydroelectric Cells Market
18. France Hydroelectric Cells Market
19. Italy Hydroelectric Cells Market
20. Spain Hydroelectric Cells Market
21. Eastern Europe Hydroelectric Cells Market
22. Russia Hydroelectric Cells Market
23. North America Hydroelectric Cells Market
24. USA Hydroelectric Cells Market
25. Canada Hydroelectric Cells Market
26. South America Hydroelectric Cells Market
27. Brazil Hydroelectric Cells Market
28. Middle East Hydroelectric Cells Market
29. Africa Hydroelectric Cells Market
30. Hydroelectric Cells Market Competitive Landscape and Company Profiles
31. Hydroelectric Cells Market Other Major and Innovative Companies
35. Hydroelectric Cells Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Hydroelectric Cells Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on hydroelectric cells market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for hydroelectric cells ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The hydroelectric cells market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- the market characteristics section of the report defines and explains the market.
- the market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- the forecasts are made after considering the major factors currently impacting the market. These include:
- the forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- the regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- the competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- the trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) by Metal Oxide: Tin(IV) Oxide (SnO2); Aluminum Oxide (AI2O3); Zinc Oxide (ZnO); Titanium Dioxide (TiO2); Magnesium Oxide (MgO); Silicon Dioxide (SiO2)2) by Application: Portable Battery; Stationary Battery; Automotive Battery; Other Applications
Subsegments:
1) by Tin(IV) Oxide (SnO2): Nanostructured SnO2; Doped SnO22) by Aluminum Oxide (Al2O3): α-Alumina; γ-Alumina
3) by Zinc Oxide (ZnO): Nanostructured ZnO; Doped ZnO
4) by Titanium Dioxide (TiO2): Anatase TiO2; Rutile TiO2; Doped TiO2
5) by Magnesium Oxide (MgO): Nanostructured MgO; Doped MgO
6) by Silicon Dioxide (SiO2): Amorphous SiO2; Crystalline SiO2
Key Companies Mentioned: GE Renewable Energy; Sinohydro Corporation Limited; Andritz AG; IHI Corporation; China Hydroelectric Corporation
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
Some of the major companies featured in this Hydroelectric Cells market report include:- GE Renewable Energy
- Sinohydro Corporation Limited
- Andritz AG
- IHI Corporation
- China Hydroelectric Corporation
- China Three Gorges Corporation
- ABB Ltd.
- Tata Power Company Limited
- CSIR - National Physical Laboratory
- Voith GmbH
- Siemens Energy AG
- Duke Energy Corporation
- JSC RusHydro
- Hydro-Québec Corporation
- Aurora Power & Design Inc.
- Mitsubishi Heavy Industries Ltd.
- Hitachi Ltd.
- Sungrow Power Supply Co. Ltd.
- Bharat Heavy Electricals Limited
- Nova Innovation Limited
- Hydro Green Power Inc.
- Hydro Turbines International Inc.
- GenCell Energy Inc.
- CellCube Energy Storage Inc.
- Fluence Energy LLC
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | February 2025 |
| Forecast Period | 2025 - 2029 |
| Estimated Market Value ( USD | $ 2.02 Billion |
| Forecasted Market Value ( USD | $ 2.65 Billion |
| Compound Annual Growth Rate | 7.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 26 |
