Hydroelectric Power in the US
Over the five years to 2019, severe droughts have led to a decrease in water inflow for the Hydroelectric Power industry, limiting its ability to generate electricity. Industry operators focused on mitigating the effects of droughts by scaling back hydroelectricity operations. In turn, investment in hydroelectric infrastructure slowed and plans for upgrades to increase efficiency and output were delayed. Furthermore, although hydroelectricity is a renewable energy source perceived as environmentally friendly, it has received considerable scrutiny from state governments due to the potential damage that hydroelectric dams can cause to river resources. As a result, industry revenue has decreased over the past five years. Over the five years to 2024, sustained economic growth will likely contribute to more robust demand for electricity generation and transmission, causing industry revenue to return to growth. Furthermore, investments will likely be used to increase the efficiency of existing facilities and properly outfit nonpowered dams in the United States.
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.