동남아시아의 수력발전 : 시장 점유율 분석, 업계 동향 및 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, the southeast asia hydropower market size is expected to grow from 61.20 gigawatt in 2025 to 64.07 gigawatt in 2026 and is forecast to reach 80.58 gigawatt by 2031 at 4.68% CAGR over 2026-2031.

This report is Segmented by Capacity (Large Hydro, Medium Hydro, and Small and Micro Hydro), Technology (Reservoir-Based, Run-Of-River, Pumped-Storage, and In-Stream and Micro-Conduit), End-User (Utilities, Independent Power Producers, and Industrial and Captive), and Geography (Vietnam, Laos, Timor-Leste, and More). The Market Size and Forecasts are Provided in Terms of Installed Capacity (GW).

Southeast Asia Hydropower Market Trends and Insights

Surging Grid-Stabilization Need Amid Variable Solar and Wind Integration

Battery energy-storage systems commissioned in Thailand in 2023 offer a two-hour duration, yet evening peaks persist when air-conditioning demand climbs after sunset. Feasibility studies for 500 MW pumped-storage at Lam Ta Khlong target 8- to 12-hour discharge windows, bridging the sunset-to-midnight ramp. In the Philippines, a 5.7 GW pumped-storage pipeline is anchored by Luzon and Mindanao sites that satisfy a Department of Energy rule mandating dispatchable storage for grid-connection priority. Similar pivots appear in Vietnam's Power Development Plan 8, which caps new large hydro while steering investment toward daily-cycling pumped storage that balances a 16.5 GW solar fleet. Indonesia's PLN plans 3.7 GW of pumped storage as it retires 9.2 GW of coal capacity under the Just Energy Transition Partnership.

Low-Interest ASEAN Green-Bond Inflows

Outstanding ASEAN sustainable bonds climbed to USD 72.7 billion in 2023, with 37% of proceeds earmarked for renewable energy. The ASEAN Catalytic Green Finance Facility committed USD 2.3 billion across 15 hydropower projects that meet Climate Bonds Initiative criteria, including run-of-river clusters in Laos and the Philippines. Indonesia's sovereign green sukuk raised USD 3 billion in 2024, channeling funds to pumped-storage pre-development in West Java and Sumatra. Malaysia's SRI sukuk lowered Sarawak Energy's financing cost for the 1,285 MW Baleh dam scheduled for 2027 completion.

Data-Center-Backed Private PPAs in Indonesia and Malaysia

Microsoft, Google, and Amazon Web Services announced USD 12 billion in data-center investment during 2024, clustering in Java and Johor due to fiber connectivity and land availability. These hyperscalers require 24/7 carbon-free energy, spurring PLN's first hydro-backed corporate PPA that allocates 150 MW from the Asahan cascade with hourly blockchain verification. Sarawak Energy followed by assigning 300 MW from Bakun and Murum to a hyperscaler under a premium-priced contract. IPPs such as Aboitiz Power and CK Power now target 20-50 MW pumped-storage and small-hydro PPAs with colocation firms and cryptocurrency miners.

Other drivers and restraints analyzed in the detailed report include:

1. Regional Power Trade Under ASEAN Power Grid Roadmap
2. Cheaper Utility-Scale Battery Prices
3. Escalating Anti-Dam Social Activism

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Small and micro plants below 10 MW posted the fastest growth, expanding at a 5.62% CAGR as developers favored streamlined permitting and lower social-license risk. The Philippines added 175 MW of small hydro by 2024 with another 500 MW in the pipeline, targeting diesel displacement on off-grid islands. Vietnam hosts more than 2,500 small plants, but suspended new licenses in 2024 pending cumulative-impact studies.

Large hydro above 100 MW still held 63.90% of the Southeast Asia hydropower market share in 2025, anchored by legacy assets such as Bakun (2,400 MW) and Srinagarind (720 MW). New capacity now concentrates in Laos, where the Chinese-financed Xayaburi (1,285 MW) reached full operation in 2024. Medium hydro between 10-100 MW fulfills a middle-ground strategy; PLN scheduled 680 MW of such schemes in Sumatra and Kalimantan to balance build-time, unit size, and social acceptance.

Complete Report Scope:

• By Capacity
  • Large Hydro (Above 100 MW)
  • Medium Hydro (10 to 100 MW)
  • Small and Micro Hydro (Below 10 MW)
• By Technology
  • Reservoir-Based
  • Run-of-River
  • Pumped-Storage
  • In-Stream and Micro-conduit
• By Component (Qualitative Analysis only)
  • Turbines
  • Generators
  • Control and Automation
  • Balance-of-Plant
• By End-User
  • Utilities (State & Public)
  • Independent Power Producers
  • Industrial and Captive
• By Geography
  • Vietnam
  • Indonesia
  • Philippines
  • Thailand
  • Malaysia
  • Singapore
  • Rest of Southeast Asia (Brunei, Cambodia, Laos, Myanmar, and Timor-Leste)

List of Companies Covered in this Report:

1. Vietnam Electricity (EVN)
2. Electricity Generating Authority of Thailand (EGAT)
3. PT Perusahaan Listrik Negara (PLN)
4. Tenaga Nasional Berhad (TNB)
5. Aboitiz Power Corp.
6. Power Construction Corp. of China (PowerChina)
7. Sinohydro
8. Andritz AG
9. Voith Hydro
10. General Electric Vernova
11. Toshiba Energy Systems
12. Hitachi Energy
13. China Yangtze Power
14. China Three Gorges South-East Asia
15. Datang Hydropower
16. CK Power PLC
17. Sarawak Energy Berhad
18. Banpu Power
19. AC Energy Holdings
20. EDC Hydro

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 Introduction

• 1.1 Study Assumptions & Market Definition
• 1.2 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Landscape

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Surging grid-stabilization need amid variable solar & wind integration
  • 4.2.2 Low-interest ASEAN green-bond inflows
  • 4.2.3 Regional power-trade under ASEAN Power Grid roadmap
  • 4.2.4 Data-centre backed private PPAs in Indonesia & Malaysia
  • 4.2.5 Water-battery pumped-storage for solar over-generation
  • 4.2.6 AI-assisted hydrology forecasting cuts O&M costs
• 4.3 Market Restraints
  • 4.3.1 Cheaper utility-scale battery prices
  • 4.3.2 Escalating anti-dam social activism
  • 4.3.3 Prolonged La Nia/El Nio driven flow volatility
  • 4.3.4 Cross-border ESG due-diligence delays Chinese EPC loans
• 4.4 Supply-Chain Analysis
• 4.5 Regulatory Landscape
• 4.6 Technological Outlook
• 4.7 Porters Five Forces
  • 4.7.1 Bargaining Power of Suppliers
  • 4.7.2 Bargaining Power of Buyers
  • 4.7.3 Threat of New Entrants
  • 4.7.4 Threat of Substitutes
  • 4.7.5 Intensity of Rivalry

5 Market Size & Growth Forecasts

• 5.1 By Capacity
  • 5.1.1 Large Hydro (Above 100 MW)
  • 5.1.2 Medium Hydro (10 to 100 MW)
  • 5.1.3 Small and Micro Hydro (Below 10 MW)
• 5.2 By Technology
  • 5.2.1 Reservoir-Based
  • 5.2.2 Run-of-River
  • 5.2.3 Pumped-Storage
  • 5.2.4 In-Stream and Micro-conduit
• 5.3 By Component (Qualitative Analysis only)
  • 5.3.1 Turbines
  • 5.3.2 Generators
  • 5.3.3 Control and Automation
  • 5.3.4 Balance-of-Plant
• 5.4 By End-User
  • 5.4.1 Utilities (State & Public)
  • 5.4.2 Independent Power Producers
  • 5.4.3 Industrial and Captive
• 5.5 By Geography
  • 5.5.1 Vietnam
  • 5.5.2 Indonesia
  • 5.5.3 Philippines
  • 5.5.4 Thailand
  • 5.5.5 Malaysia
  • 5.5.6 Singapore
  • 5.5.7 Rest of Southeast Asia (Brunei, Cambodia, Laos, Myanmar, and Timor-Leste)

6 Competitive Landscape

• 6.1 Market Concentration
• 6.2 Strategic Moves (M&A, Partnerships, PPAs)
• 6.3 Market Share Analysis (Market Rank/Share for key companies)
• 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Products & Services, and Recent Developments)
  • 6.4.1 Vietnam Electricity (EVN)
  • 6.4.2 Electricity Generating Authority of Thailand (EGAT)
  • 6.4.3 PT Perusahaan Listrik Negara (PLN)
  • 6.4.4 Tenaga Nasional Berhad (TNB)
  • 6.4.5 Aboitiz Power Corp.
  • 6.4.6 Power Construction Corp. of China (PowerChina)
  • 6.4.7 Sinohydro
  • 6.4.8 Andritz AG
  • 6.4.9 Voith Hydro
  • 6.4.10 General Electric Vernova
  • 6.4.11 Toshiba Energy Systems
  • 6.4.12 Hitachi Energy
  • 6.4.13 China Yangtze Power
  • 6.4.14 China Three Gorges South-East Asia
  • 6.4.15 Datang Hydropower
  • 6.4.16 CK Power PLC
  • 6.4.17 Sarawak Energy Berhad
  • 6.4.18 Banpu Power
  • 6.4.19 AC Energy Holdings
  • 6.4.20 EDC Hydro

7 Market Opportunities & Future Outlook

• 7.1 White-Space & Unmet-Need Assessment