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Asia Pacific region currently dominates the global hydropower market. Countries like China, India and Japan have a strong presence in this industry due to favorable geographical and climatic conditions with estimated 37.8% share in 2024. With plenty of hilly and mountainous terrain across the region, there is an abundance of river systems that can be effectively harnessed to generate hydroelectric power. China, in particular, has aggressively invested in hydropower production over the past few decades. It is now the global leader in installed hydropower capacity and hydropower generation.
Latin America region, especially countries like Brazil, is rapidly emerging as the fastest growing market for hydropower globally due to ongoing initiatives to expand renewable energy adoption and increase energy security. Brazil has a long history of utilizing its extensive river networks for hydroelectric projects. However, a concerted push in the past 5-7 years to build new dams and modernize older facilities has greatly augmented hydropower capacity. Countries in the southern cone of South America like Chile, Argentina and Uruguay are also actively developing run-of-the-river and pumped storage schemes to meet rising power needs as well as for cross-border electricity trade.
Hydropower Market Report Snapshots
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