Hydropower Plant Construction Global Market Size, Growth, Share with Countries Data, Industry Trends, Demand, Revenue and Forecast 2028 | ABB Group, Strabag SE, Statkraft AS, Skanska Group

Overview and Scope
Hydropower plant construction refers to the process of building facilities that use the energy of flowing or falling water to produce electricity. These facilities, also known as hydropower plants or hydroelectric power plants, are built near rivers, streams, or other bodies of water with a high-water flow.

Sizing and Forecast
The hydropower plant construction market size has grown strongly in recent years. It will grow from $18.30 billion in 2023 to $19.60 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%.  The growth in the historic period can be attributed to rural electrification, government policies, environmental concerns, environmental concerns, water management.

The hydropower plant construction market size is expected to see strong growth in the next few years. It will grow to $24.51 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%.  The growth in the forecast period can be attributed to renewable energy policies, climate change mitigation, grid modernization, energy storage integration, water resource management. Major trends in the forecast period include run-of-river installations, hybrid systems, repowering and upgrading, public-private partnerships, climate resilience.

To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/hydropower-plant-construction-global-market-report

Segmentation & Regional Insights
The hydropower plant construction market covered in this report is segmented –
1) By Type: Water Storage, Diverted, Pumped Storage
2) By Capacity: Large hydropower plants, Medium hydropower plants, Small hydropower plants, Other Capacities
3) By Application: City Power Supply, Industrial Power Supply, Military Power Supply, Other Applications

Asia-Pacific was the largest region in the hydropower plant construction market in 2023. The regions covered in the hydropower plant construction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Intrigued to explore the contents? Secure your hands-on sample copy of the report:
https://www.thebusinessresearchcompany.com/sample_request?id=14397&type=smp

Major Driver Impacting Market Growth
The rising interest in clean energy is expected to propel the growth of the hydropower plant construction market in the coming years. Clean energy is energy obtained from sources that do not emit greenhouse gases, such as nuclear power, hydroelectric power, solar, geothermal, wind, and tidal energy. The rising adoption of clean energy is due to several factors, including the growing awareness of climate change and environmental degradation, improvements in energy storage, and grid integration capabilities. The construction of hydropower plants makes it easier to generate sustainable energy by leveraging the power of water’s movement to generate electricity while releasing zero greenhouse emissions. For instance, in June 2023, according to the Energy Information Administration, a US-based principal government statistical system institution in charge of obtaining, assessing, and distributing energy data, the usage of renewable energy in the United States increased modestly to an all-time high of 13.2 quads in 2022, up from 12.1 quads in 2021. Therefore, the rising interest in clean energy is driving the hydropower plant construction market.

Key Industry Players
Major companies operating in the hydropower plant construction market are PowerChina Group, Bouygues Construction SA, Sinohydro Corporation, Vinci Construction, Siemens Energy AG, ABB Group, Duke Energy Corporation, Toshiba Corporation, China Three Gorges Corporation, Strabag SE, Statkraft AS, Skanska Group, Hydro-Québec, Verbund AG, Enel Green Power, Webuild SpA, Dongfang Electric Corporation, Andritz AG, Suez Group, RusHydro, SNC-Lavalin Group Inc., BC Hydro, Voith Group, GE Renewable Energy, Astaldi S.p.A., Bharat Heavy Electricals Limited (BHEL), Alstom SA, Innergex Renewable Energy Inc., Voimaosakeyhtiö SF

The hydropower plant construction market report table of contents includes:
1. Executive Summary

2. Hydropower Plant Construction Market Characteristics
3. Hydropower Plant Construction Market Trends And Strategies
4. Hydropower Plant Construction Market – Macro Economic Scenario
5. Global Hydropower Plant Construction Market Size and Growth

…..

32. Global Hydropower Plant Construction Market Competitive Benchmarking
33. Global Hydropower Plant Construction Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Hydropower Plant Construction Market
35. Hydropower Plant Construction Market Future Outlook and Potential Analysis
36. Appendix

Explore the trending research reports from TBRC:
https://topprnews.com/cloud-load-balancers-market

https://topprnews.com/online-assessment-software-market

https://topprnews.com/zero-touch-provisioning-market

https://goodprnews.com/denosumab-global-market

https://goodprnews.com/cryotherapy-global-market

https://goodprnews.com/active-geofencing-global-market

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company

Twitter: https://twitter.com/tbrc_info

Facebook: https://www.facebook.com/TheBusinessResearchCompany

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Blog: https://blog.tbrc.info

Healthcare Blog: https://healthcareresearchreports.com

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model