The construction of hydroelectric plants is limited by the availability of suitable locations for power plants. Hydroelectric power has been harvested since the nineteenth century, so locations are increasingly limited. This factor, as well as several years of drought and a greater focus on wind and solar power as renewable energy sources, has caused the industry to decline over the past five years. Still, an increase in demand for electricity and a continued shift away from fossil fuel-based and nuclear power will renew growth in the five years to 2017.
Industry firms construct hydroelectric power plants. These plants produce electricity from water flow. Firms that operate hydroelectric power plants are included in the Hydroelectric Power industry (IBISWorld report 22111c).
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.