Market Size of Southeast Asia Hydropower Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 7.90 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Southeast Asia Hydropower Market Analysis
The Southeast Asian hydropower market is expected to reach 52.722 GW by the end of the current year, and it is projected to register a CAGR of 7.9% during the forecast period.
Although the market studied was affected by the COVID-19 pandemic in 2020, it has been recovering and reached pre-pandemic levels. Factors such as increasing investments in hydropower plants and increasing demand for renewable energy are expected to drive the market's growth. However, the high initial cost of hydropower compared to other forms of renewable energies like solar and wind energy is expected to restrain the growth of the market studied. The technological advancements in efficiency and decrease in the production cost of hydropower projects are expected to create ample opportunity for market players in Southeast Asia.
Vietnam is expected to be the largest market for the region's hydropower market due to increasing investment in the sector and the highest installed capacity of hydropower energy in the region.
