Hydroelectricity generation in North America has shown a fluctuating trend from 2013 to 2023, with a notable peak in 2017. The latest recorded value in 2023 stands at 688.14 TWh, reflecting a 0.66% decrease year-on-year. Over the last five years, the Compound Annual Growth Rate (CAGR) indicates a slight average annual decrease of 0.56%.
Looking ahead, forecasted values from 2024 to 2028 show a stable but slow growth trend, with an anticipated 0.04% average annual increase (CAGR) and a total growth rate of 0.21% over the next five years.
Future trends to watch for include:
- The impact of climate change on water availability and flow.
- Technological advancements in hydroelectricity efficiency.
- Policy changes and government incentives promoting renewable energy use.
