Southeast Asia Hydropower Market 2021 Outlook with Key Industry Manufacturers - Vietnam Electricity Construction JSC, Electricity Generating Authority of Thailand

Southeast Asia Hydropower Market Report 2021 – 2025 is a believable source for gaining the market research that will exponentially accelerate your business. SWOT and Porter’s five analysis are also effectively discussed to analyze informative data such as cost, prices, revenue, and end-users. The Report initially provides an overview of the industry that covers definition, applications and technology, post which the report explores into the international players in the market. The report profiles the key players in the industry, along with a detailed analysis of their individual positions against the global landscape. The report also entails the Covid-19 and post-Covid dynamics in the global Southeast Asia Hydropower market.

The Southeast Asia Hydropower market is expected to rise at a CAGR of more than 3% during 2020 - 2025.

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The Top Major Competitive Players are : Vietnam Electricity Construction JSC, Electricity Generating Authority of Thailand, PT Perusahaan Listrik Negara, Tenaga Nasional Berhad, Andrtiz AG

Key Market Trends

Large Hydropower to Dominate the Market

- The region has vast rivers like the Mekong that provide for the large quantity of water. However, hydropower is not very developed in the region, and therefore, many governments are pushing for an increase in the installed capacity.
- In Indonesia, the government has announced plans to build the country's largest hydro project, the 1,350 MW Mentarang Hydroelectric Power Plant in North Kalimantan in 2020, with total costs of USD 2 billion. Large construction projects related to the large hydropower sector are on the rise and are expected to aid the market's growth.
- Policymakers in the region are scaling-up renewable energy development. Over the past years, the region has led the world in renewable energy capacity installations. In 2019, there has been strong momentum for hybrid renewable energy projects as governments encourage the deployment of floating solar PV at hydropower facilities. This enables hydropower and solar power to work in synergy while also making good use of existing infrastructure. Further plans for cross-border interconnection will also help integrate a greater share of renewable energy into the power system, thereby aiding the market's growth.
- The Electricity Generating Authority of Thailand (EGAT) aims to develop around 16 floating solar farms with a combined capacity of over 2.7 GW at nine of its hydropower reservoirs by 2037. Thailand is expected to expand its power transmission network and has agreements to source hydropower from Laos and export to Malaysia, Cambodia, and Myanmar. Using solar power projects in collaboration with the hydropower projects may increase the sector's profitability and aid the growth of the market.
- Large hydropower installed capacity increased in the Southeast Asia region, by 0.5% to 43.568 gigawatts, in 2018 from 43.35 gigawatts, in 2017. The installed capacity is expected to further increase in the forecast period due to further investments in the sector.

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Regional Analysis:

Vietnam to Dominate the Market

- The country is the largest user of hydropower in the region and also a considerable user of modern water energy storage systems like the pumped hydro storage. The government is pushing to increase the installed hydro capacity of the country.
- The installed hydropower capacity in the country increased by 0.44%, to 18,069 Megawatt, in 2019 from 17,989 Megawatt, in 2018. New hydro projects are being installed in the country, which is expected to boost the hydropower market.
- In Vietnam, the Asian Development Bank (ADB) has provided a USD 37 million loan to the Da Mi Hydropower Joint Stock Company, a division of national electric utility Vietnam Electricity (EVN). This is for retrofitting 47 MW of floating solar panels on its hydropower plant. Two pilot auctions 400 MW floating PV on hydropower plants will also be held in 2020. Changing the business model of the hydropower sector, where solar power can be used to increase profit, is expected to boost the market's growth.

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