Industry Analysis & Industry Trends
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.... purchase to read more
Industry Report - Industry Analysis Chapter
Hydroelectric, or water-powered, power plants have existed for over a century, with the first US plant being built in 1882 in Appleton, WI. Although the majority of energy in the United States derives from fossil fuels and nuclear power, hydroelectric power plants are nonetheless significant power sources, accounting for about 7.0% of US power, according to the US Geological Survey. Moreover, the United States is the fourth largest producer of hydroelectricity, behind China, Canada and Brazil, according to the US Energy Information Administration.
Despite their role in powering homes and businesses, demand for hydroelectric power plants has been declining during the five years to 2013... purchase to read more