Asia-Pacific Small Hydropower Market Size (2024 - 2029)

The Asia-Pacific small hydropower market is anticipated to experience growth over the forecast period, driven by increasing demand for reliable electricity and investments in renewable energy projects. Despite challenges such as unstable energy supply due to seasonal variations, the market has rebounded to pre-pandemic levels. The integration of IoT and the positive perception of small hydropower dams in supporting rural communities present promising opportunities. Vietnam is expected to hold a notable portion of the market, supported by favorable government policies for small hydropower development.

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Market Size of Asia-Pacific Small Hydropower Industry

Asia-Pacific Small Hydropower Market Summary
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

Asia-Pacific Small Hydropower Market Major Players

*Disclaimer: Major Players sorted in no particular order

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,

APAC Small Hydropower Industry Segmentation

In small hydropower development, hydropower is generated at a scale suitable for a community and its industry or to contribute to distributed generation in a regional electricity grid. In spite of the fact that definitions vary, the US Department of Energy defines small hydropower plants as those that generate between 100 kW and 10 MW. The Asia-Pacific small hydropower market is segmented by capacity, application, and geography. By capacity, the market is segmented into up to 1 MW and 1-10 MW. By application, the market is segmented into power infrastructure, civil works, and other applications. By geography, it is segmented into China, India, Japan, Indonesia, Vietnam, and the Rest of Asia-Pacific. For each segment, the market sizing and forecasts have been done based on installed capacity (GW).

By Capacity
Up to 1 MW
1-10 MW
By Application
Power Infrastructure
Civil Works
Other Applications
By Geography
China
India
Japan
Indonesia
Vietnam
Rest of Asia-Pacific
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Asia-Pacific Small Hydropower Market Size Summary

The Asia-Pacific small hydropower market is poised for growth, driven by increasing demand for reliable electricity and investments in renewable energy projects. The market has rebounded to pre-pandemic levels after the setbacks caused by COVID-19. Key factors such as government policies supporting small hydropower development, particularly in countries like Vietnam, India, and Indonesia, are expected to bolster market expansion. The integration of IoT technologies with hydropower systems and the focus on rural electrification are anticipated to create significant opportunities. However, challenges such as seasonal variability in energy supply may pose obstacles to market growth. Despite these challenges, the market is expected to benefit from the positive outlook towards small hydropower dams in sustaining rural communities.

Vietnam is a significant player in the Asia-Pacific small hydropower market, with a substantial share due to its reliance on hydropower for electricity generation. The Vietnamese government's commitment to expanding renewable energy capacity, including hydropower, is expected to drive market growth. The country's Power Development Plan aims to increase the share of renewable energy, with a significant portion coming from hydropower. This strategic focus is supported by substantial investments in the power sector, targeting increased installed capacity. The fragmented market landscape includes key players such as Toshiba Energy Systems & Solutions Corporation and General Electric Company, among others, contributing to the development and expansion of small hydropower projects across the region.

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Asia-Pacific Small Hydropower Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Installed Capacity and Forecasts in GW, till 2027

    3. 1.3 Recent Trends and Developments

    4. 1.4 Government Policies and Regulations

    5. 1.5 Market Dynamics

      1. 1.5.1 Drivers

      2. 1.5.2 Restraints

    6. 1.6 Supply Chain Analysis

    7. 1.7 Porter's Five Forces Analysis

      1. 1.7.1 Bargaining Power of Suppliers

      2. 1.7.2 Bargaining Power of Consumers

      3. 1.7.3 Threat of New Entrants

      4. 1.7.4 Threat of Substitute Products and Services

      5. 1.7.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Capacity

      1. 2.1.1 Up to 1 MW

      2. 2.1.2 1-10 MW

    2. 2.2 By Application

      1. 2.2.1 Power Infrastructure

      2. 2.2.2 Civil Works

      3. 2.2.3 Other Applications

    3. 2.3 By Geography

      1. 2.3.1 China

      2. 2.3.2 India

      3. 2.3.3 Japan

      4. 2.3.4 Indonesia

      5. 2.3.5 Vietnam

      6. 2.3.6 Rest of Asia-Pacific

Asia-Pacific Small Hydropower Market Size FAQs

The Asia-Pacific Small Hydropower Market is projected to register a CAGR of greater than 1.5% during the forecast period (2024-2029)

Toshiba Energy Systems & Solutions Corporation, FLOVEL Energy Private Limited, General Electric Company, Power Construction Corporation of China and Gesto-Energia S.A. are the major companies operating in the Asia-Pacific Small Hydropower Market.

Asia-Pacific Small Hydropower Report Snapshots

Asia-Pacific Small Hydropower Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)