Global Hydropower Market (2020 to 2025) – Growth, Trends, and Forecast

Dublin, Jan. 05, 2021 (GLOBE NEWSWIRE) — The “Hydropower Market – Growth, Trends, and Forecast (2020 – 2025)” report has been added to ResearchAndMarkets.com’s offering.In 2018, large hydropower installed capacity accounted for more than 50% of the total hydropower installed capacity across the world.In line with the hydropower master plan, the Government of Uganda is fast-tracking the development of the identified hydropower sites. The country is currently implementing two flagship hydropower projects including Isimba (183.2 MW) and Karuma (600 MW). Other large hydropower plants being developed include Ayago (840 MW), Orianga (392 MW), Uhuru (350 MW), and Kiba (290 MW). These projects are expected to boost the large hydropower capacity in the region in the coming years.Another major project under development is the 1,800 MW Grand Eweng project which is expected to be the fourth largest hydropower plant in Africa following its completion in 2024. Other planned projects include Kpep (485 MW) and Makay (365 MW). With these projects, Cameroon is expected to have added about 3,000 MW of hydropower capacity by 2025.Adding to this, the South American region is undergoing the rehabilitation and expansion of some major hydropower projects in Brazil, Paraguay, and Argentina. Itaipu, the world’s largest dam by electricity generation, owned jointly by the governments of Brazil and Paraguay, began a 10-year global modernization project. Such projects are also expected to create a significant demand for equipments and service providers during the forecast period.Therefore, factors, such as upcoming large hydropower projects, along with plans to modernize the existing hydropower infrastructure are expected to create an impetus demand for the market studied.Asia-Pacific to Dominate the MarketAsia-Pacific is expected to dominat the hydropower market in 2019 in terms of installed capacity and is expected to continue its dominance in the coming years as well.Hydropower installed capacity grew by 3.96 GW across South and Central Asia in 2018, continuing a similar growth trend from last year. Similarly, the East Asia and Pacific region continued to be the leader of the world’s hydropower sector in 2018, having added 9.2 GW of installed capacity, more than any other region.In 2018, India announced a major new energy policy, formally recognizing large hydropower projects above 25 MW as renewable and setting hydropower purchase obligations for utilities. This, in turn, is expected to drive the hydropower installed capacity in India, as the country plans to increase the share of renewable energy in the coming years.Adding to this, there has also been increasing attention on cross-border electricity trade in the subcontinent between several countries in South Asia’s Association for Regional Cooperation (SAARC). For example, Nepal and Bhutan have each signed agreements with India to sell power generated from upcoming hydropower projects, and in 2018, Bangladesh agreed to a new power deal with Nepal.Factors, such as upcoming hydropower projects, along with plans to modernize the hydropower infrastructure across the region are expected to drive the market studied during the forecast period.Competitive LandscapeThe market estimate (ME) sheet in Excel format3 months of analyst supportKey Topics Covered:Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.CONTACT: ResearchAndMarkets.com
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