Market Size of Asia-Pacific Hydropower Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 3.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Hydropower Market Analysis
The Asia-Pacific hydropower market is expected to register a CAGR of more than 3% during the forecast period.
- Over the medium term, factors such as growing investments in renewables and hydropower projects and the growing demand for consistent electricity supply in developing countries such as China, India, and Indonesia are anticipated to drive market growth during the forecast period. Also, the increasing strategic collaborations in developing countries are also supporting market growth.
- On the other hand, the initial cost of a hydropower project is high, and this factor is expected to restrain the market.
- Nevertheless, the technological advancements in efficiency and decrease in the production cost of hydropower projects are expected to create ample opportunity for the market in Asia-Pacific.
- China is estimated to dominate the market due to increasing investment in hydropower projects.
