Asia – Pacific Hydro Power Market Analysis and Forecasts to 2013

March 13, 2009 - PRLog -- By Aarkstore News Service: This new report “Asia – Pacific Hydro Power Market Analysis and Forecasts to 2013” provides detailed analysis and forecasts of the Asia-Pacific Hydro Power industry. The report highlights the significant growth observed by the Asia-Pacific Hydro power market during the period 2001-08. The cumulative installed capacity of the region augmented from 205,422 MW in 2001 to 295,764 MW in 2008, growing at a CAGR of 5.35%. The report also encompasses the growth scenario of the leading hydropower generating nations in the Asia-Pacific Region. The countrywide analysis of the key hydro power nations covers historical and forecast statistics relating to the installed hydro power capacities, market structure and regulatory policies that govern the industry. It facilitates the identification of the key growth drivers that have led to the stupendous development of the major hydro power countries in the Asia-Pacific Region. The news and deals portfolio provided in the report helps an investor to gauge the market scenario of the leading hydro power nations and accordingly direct their investment.

Asia-Pacific Region to Lead the Global Hydro Power Market:
The Asia-Pacific region leads the global hydro power market with a total installed capacity of 295,764 MW by the end of 2008. The region has witnessed tremendous growth in the hydro electric sector over the years, principally because of strong growth in the leading hydro power nations such as China, Japan, India and Australia. These countries are cited as the most attractive destination for hydropower generation principally because of the abundant water resources. Among the leading nations, China and India has vast untapped hydro resources. This gives a positive indication of the growth of the region in the next few years. It is expected that cumulative hydro installed capacity will grow at a CAGR of 6.92% during the period 2009-13 to reach the figure of 434,388 MW by the end of 2013.

China to be an Undisputed World Hydropower Leader in the Future Years:
China is an undisputed leader in the hydropower sector with total cumulative capacity of 146 GW at the end of 2008. The country has immense growth potential in the hydroelectric sector. Given that the country is dependent on fossil fuels at present for meeting the majority of its electricity needs, a shift towards renewable power sources has become mandatory. As a result, China is making efforts to exploit the vast available hydro power potential in the country. Three Gorges dam; the world’s largest hydropower dam is under construction in the country. The first and the second phase of the dam have already been accomplished while the third phase is expected to be executed by the end of 2009. In addition, to the three gorges dam, there are other small hydro power plants which also contribute to the hydropower capacity of the nation. This will lead to significant hydroelectric capacity additions in the future period. Considering massive hydro power capacity additions in the coming years, China hydro power market is expected to reach around 250 GW by the end of 2013.

Policy as a Key Driver of Growth in Hydro Power Electricity Generation in China and India:
Supportive Regulatory Framework in the leading Asia-Pacific countries has been one of most important growth drivers for hydro power development. The fiscal and financial incentives provided by the governments of the major countries have led to significant development of hydro power especially in countries like China and India. The rural electrification programme initiated by the Government of China has led to significant development of small hydro in remote areas. This programme will help the government to provide rural electrification, thereby contributing significantly to the regional development of the country. The hydro power also has a special mention in the XIth and XIIth five year plans of India. This reflects the importance of the hydro power as a source of energy in India.  

Lack of Potential Hydro Power Sites in Japan and Australia:
The lack of potential sites for setting up the hydro power projects impedes the growth of the Japanese and Australian hydro power markets. In Japan, the hydro power market is almost saturated. The Australian Hydro market is also facing problems in terms of lack of suitable sites principally because the topography of the country does not support future growth of hydro power development. Except for a few places in Australia like Tasmania, other regions do not have the right kind of topography to set up new projects thus restricting the scope of the hydro power development in these areas.

Upcoming Hydropower Energy Technologies to Grow in Future:
Over the last five years, there has been a strong interest in the development of ocean, tidal and wave energy as a source for power generation. These different types of technologies are related to the hydropower sector and are still in the demonstration stage. Although a few projects have come online concerted R&D efforts are being carried out for early commercialization of these new technologies. Once these technologies are commercialized and many such projects are commissioned, there will be greater capacity in the future, thereby contributing significantly to the global hydropower sector.

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