According to a market report by Lucintel, the future of the global hydropower plant construction market looks promising with opportunities in the large hydropower plant, medium hydropower plant, and small hydropower plant markets. The global hydropower plant construction market is expected to grow with a CAGR of 5.6% from 2024 to 2030. The major drivers for this market are growing adherence to energy security and diversification strategies, rising interest in micro hydropower projects because of its advantages in terms of cost and environmental impact, along with increasing attention to climate change issues.
A more than 150 – page report is developed to understand Trends, opportunity and forecast in hydropower plant construction market to 2030 by capacity (large hydropower plants, medium hydropower plants, small hydropower plants, and others), type (pumped storage, impoundment, and diversion), and region (North America, Europe, Asia Pacific, and the Rest of the World).
In this market, pumped storage, impoundment, and diversion are the major segments of hydropower plant construction market by type. Lucintel forecasts that impoundment is expected to witness the highest growth over the forecast period.
Within this market, large hydropower plant will remain the largest segment because by utilizing dams or other methods of water diversion, hydropower plants are built to fully use the potential of rivers and other bodies of water.
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APAC is expected to witness highest growth over the forecast period due to rapid industrialization and urbanization, along with increasing investment by India in hydropower initiatives to improve their energy security and decrease their reliance on fossil fuels.
A Energi, British Columbia Hydro & Power Authority, Centrais Eletricas Brasileiras, China Yangtze Power, Doosan Enerbility, Duke Energy, Enel, ESFC Investment Group, Himal Hydro & General Construction, and Hindustan Construction are the major suppliers in the hydropower plant construction market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1 972.636.5056
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