Market Size of Japan Hydropower Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | < 2.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Japan Hydropower Market Analysis
The Japan hydropower market is expected to record a CAGR of less than 2% during the forecast period, 2022-2027. During the Covid-19 pandemic, the hydropower market has not witnessed any significant impact, as there were no major plans to develop large hydropower plants in Japan in 2020. However, in April 2020, the government of Japan has included renewable energy in its JPY 108 trillion economic stimulus package to improve its economy during the COVID-19 crisis. Factors such as the strong government support for renewables, increasing environmental concerns, and the surging demand for clean and reliable power are expected to drive the market. However, alternative renewable power sources such as solar are anticipated to hinder the market growth during the forecast period.
- The shift toward clean energy and the strong support from the government is expected to drive the hydropower market during the forecast period in Japan.
- The emerging technology trends that support and enhance hydropower generation are expected to provide a vital opportunity for the hydropower market in the coming years.
- The increasing penetration of alternative renewable power sources such as solar is anticipated to restrain and slow down the hydropower market growth during the forecast period.
