Hydropower - France

  • France
  • In France, electricity generation within the Hydropower market is projected to reach 58.42bn kWh in 2024.
  • The country anticipates an annual growth rate of 0.49%, which corresponds to the CAGR for the period from 2024 to 2029.
  • France is increasingly investing in innovative hydropower technologies to enhance energy efficiency and sustainability while meeting its ambitious climate goals.

Key regions: Austria, Australia, China, Japan, South Korea

 
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Comparaison de régions
 
Monnaie
 

Analyst Opinion

The Hydropower market within the Renewable Energy sector in France is experiencing minimal growth, influenced by factors such as regulatory challenges, environmental concerns, and competition from emerging renewable technologies, which limit its expansion potential.

Customer preferences:
Consumers are showing a growing interest in sustainable energy solutions, which is reshaping the hydropower market in France. With a heightened awareness of climate change and environmental preservation, individuals are increasingly advocating for cleaner energy sources, including hydropower. This shift is influenced by a younger, eco-conscious demographic that prioritizes sustainability in their energy choices. Additionally, urbanization and lifestyle changes are prompting a demand for local renewable energy projects, fostering community engagement and support for hydropower initiatives.

Trends in the market:
In France, the hydropower market is experiencing a surge in investment as government policies increasingly prioritize renewable energy sources. New initiatives aimed at modernizing existing infrastructure and enhancing efficiency are becoming prevalent, reflecting a commitment to sustainability. Moreover, local communities are actively participating in hydropower projects, fostering a sense of ownership and accountability. The integration of innovative technologies, such as smart grid solutions, is also driving operational improvements and enhancing energy distribution. These trends are significant, as they not only support France's climate goals but also create opportunities for industry stakeholders to engage in collaborative projects and expand their market presence.

Local special circumstances:
In France, the hydropower market is shaped by its diverse geography, characterized by numerous rivers and mountainous regions that provide ample potential for hydroelectric projects. The cultural emphasis on environmental stewardship and local heritage fosters community engagement in renewable initiatives. Additionally, stringent regulatory frameworks ensure that projects adhere to ecological standards, promoting sustainable practices. These local factors collectively influence market dynamics, attracting investment and facilitating partnerships that align with France's ambitious climate objectives while supporting regional development.

Underlying macroeconomic factors:
The hydropower market in France is significantly influenced by macroeconomic factors such as national economic stability, investment in renewable infrastructure, and global energy trends. France's commitment to reducing carbon emissions and transitioning to renewable energy sources aligns with EU green policies, enhancing funding opportunities for hydropower projects. Additionally, favorable fiscal policies, including subsidies and tax incentives for renewable energy investments, stimulate market growth. Global economic shifts towards sustainable energy solutions further drive domestic interest in hydropower, while fluctuating energy prices and technological advancements in turbine efficiency contribute to overall market performance and competitiveness.

Methodology

Data coverage:

The data encompasses B2B enterprises. Figures are based on the value of electricity production in the energy market.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as annual reports of the market-leading companies and industry associations, third-party studies and reports, national statistical offices, international institutions, and the experience of our analysts.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting electricity generation due to the non-linear growth of this market, especially because of the direct impact of climate change on the market.

Additional notes:

The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.

Vue d’ensemble

  • Production
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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