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 |
Need a report that reflects how COVID-19 has impacted this market and its growth?
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.
South America Hydropower Industry Segmentation
The South America hydropower market report includes:
| Size | |
| Large Hydropower | |
| Small Hydropower | |
| Others |
| Geography | |
| Brazil | |
| Argentina | |
| Chile | |
| Rest of South America |
South America Hydropower Market Size Summary
The South America hydropower market is poised for growth, driven by increasing energy demand due to population growth and a shift towards reducing dependence on fossil fuels. Despite the challenges posed by high capital investments and the need to address social and environmental impacts, the market is expected to expand, with the large hydropower segment leading the way. The region's commitment to achieving a significant portion of its electricity from renewable sources by 2030 presents opportunities for further development in the hydropower sector. Brazil is anticipated to play a dominant role in this market, supported by its substantial installed capacity and ongoing projects.
South America is a key player in the global hydropower landscape, hosting some of the largest hydropower plants worldwide. The region's hydropower capacity is a major contributor to its electricity generation, with Brazil, Paraguay, Venezuela, Colombia, and Argentina being the top producers. The presence of significant projects like the Itaip√∫ and Guri plants underscores the region's potential. The involvement of the private sector and rising electricity prices make hydropower an attractive option to meet the growing energy demands. The market is moderately fragmented, with major players such as Voith GmbH & Co KGaA, Norte Energia S.A., and Andritz AG contributing to its development.
South America Hydropower Market Size - Table of Contents
-
1. MARKET OVERVIEW
-
1.1 Introduction
-
1.2 Installed Capacity and Forecast in GW, till 2025
-
1.3 Recent Trends and Developments
-
1.4 Government Policies and Regulations
-
1.5 Market Dynamics
-
1.5.1 Drivers
-
1.5.2 Restraints
-
-
1.6 Supply Chain Analysis
-
1.7 Porter's Five Force Analysis
-
1.7.1 Bargaining Power of Suppliers
-
1.7.2 Bargaining Power of Consumers
-
1.7.3 Threat of New Entrants
-
1.7.4 Threat of Substitute Products and Services
-
1.7.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 Size
-
2.1.1 Large Hydropower
-
2.1.2 Small Hydropower
-
2.1.3 Others
-
-
2.2 Geography
-
2.2.1 Brazil
-
2.2.2 Argentina
-
2.2.3 Chile
-
2.2.4 Rest of South America
-
-
South America Hydropower Market Size FAQs
What is the current South America Hydropower Market size?
The South America Hydropower Market is projected to register a CAGR of greater than 3.80% during the forecast period (2024-2029)
Who are the key players in South America Hydropower Market?
Voith GmbH & Co KGaA , Norte Energia S.A. , ContourGlobal plc, Andritz AG and Centrais Eletricas Brasileiras SA are the major companies operating in the South America Hydropower Market.
