Market Size of South America Hydropower Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 3.80 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South America Hydropower Market Analysis
The South America hydropower market is expected to grow at a CAGR of more than 3.8% over the forecast period of 2020-2025. Factors, such as growing energy demand on account of the growing population coupled with the need to reduce reliance on fossil-fuel power generation is driving the hydropower market in South America. However, the high capital investment required to construct hydropower projects due to remaining economical sites being limited and to extra expenditures to address social and environmental impacts is expected to hinder the market growth over the forecast period.
- Large hydropower segment is expected to dominate in the South America hydropower market during the forecast period.
- South America has a goal of reaching at least 70% of renewable energy, which includes small hydro, in electricity by 2030, which in turn is expected to provide an opportunity in the South America hydropower market in the future.
- Brazil is expected to dominate in the South America hydropower market over the forecast period.
