Market Size of Asia-Pacific Small Hydropower Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 1.50 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Small Hydropower Market Analysis
The Asia-Pacific small hydropower market is expected to register a CAGR of over 1.5% during the forecast period.
The market was negatively impacted by the COVID-19 pandemic in 2020. Presently, the market has reached pre-pandemic levels.
- Over the medium term, factors such as the rising demand for reliable electricity, increasing investments for renewable and small hydropower projects in response to climate change, and policy initiatives are expected to drive the global small hydropower market during the forecast period.
- On the other hand, an unstable energy supply is expected to hinder market growth because the energy generated depends on seasonal highs and lows and can act as a deterrent for small hydropower installations during the forecast period.
- Nevertheless, the integration of IoT with hydropower and the positive outlook toward small hydropower dams to sustain lives in rural communities are expected to create significant opportunities for the global small hydropower market in the coming years.
- Vietnam is expected to have a significant share in the market during the forecast period due to factors such as government policies in developing small hydropower,
