Rising Interest In Clean Energy Fuels Growth Of The Hydropower Plant Construction Market Driver: Leading Transformation in the Hydropower Plant Construction Market in 2025

Which drivers are expected to have the greatest impact on the over the hydropower plant construction market's growth?
The increasing preference for clean energy is anticipated to drive the expansion of the hydropower plant construction market in future years. Clean energy refers to energy produced from sources that do not contribute to greenhouse gas emissions and includes nuclear, hydroelectric, solar, geothermal, wind, and tidal power. The growing adoption of clean energy can be attributed to numerous factors such as heightened awareness of climate change and environmental damage, advancements in energy storage, and grid integration capabilities. Building hydropower plants facilitates the production of sustainable energy by utilizing the power of water flow to produce electricity without emitting any greenhouse gases. For instance, the Energy Information Administration, a key governmental statistical system organization responsible for the collection, analysis, and distribution of energy data in the US, reported in June 2023 that there was a moderate increase in renewable energy usage in the United States, reaching a record high of 13.2 quads in 2022. Consequently, the escalating interest in clean energy is catalyzing the growth of the hydropower plant construction market.

Get Your Hydropower Plant Construction Market Report Here:
https://www.thebusinessresearchcompany.com/report/hydropower-plant-construction-global-market-report

What is the future CAGR of the hydropower plant construction market, and how will it impact industry expansion?
The market size for the construction of hydropower plants has seen significant growth in the recent past. It is projected to expand from $19.6 billion in 2024 to $20.92 billion in 2025, with a compound annual growth rate (CAGR) of 6.7%. The surge during the historic period is credited to factors including rural electrification, government regulations, environmental issues, and water management.

The market size for the construction of hydropower plants is predicted to experience robust growth in the forthcoming years, growing to a substantial $25.78 billion in the year 2029 at a compound annual growth rate (CAGR) of 5.4%. The expected growth during the forecast period is largely due to factors such as renewable energy policies, climate change countermeasures, modernization of power grids, integrating energy storage, and managing water resources. The forecast period is also expected to see key trends like the installment of run-of-river systems, the development of hybrid systems, repowering and upgrading, public-private collaborations, and the need for climate resilience.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14397&type=smp

What are the most significant trends transforming the hydropower plant construction market today?
Primary players in the hydropower plant construction arena are concentrating on digitalization and automation of hydropower plants as a strategic move to solidify their market position. Digital solutions represent a range of devices and tools that utilize digital technology to cater to specific business needs like data analytics, data processing, and operations management. For example, in June 2022, Voith Group, a Germany-based hydropower plants builder, partnered with Ray Sono AG, a digital solution firm also from Germany, to introduce the Hydro Pocket. This is a cloud-based application engineered to monitor, analyze, and enhance the performance of hydropower stations. Hydro Pocket serves as an intelligent, all-in-one solution for small to medium-size hydropower projects, boosting the efficacy, flexibility, and safety of operators. This cloud-supported tool smartly processes system data leading to improved planning for maintenance and repairs, and potential elimination of issues or unexpected stoppages, thanks to a comprehensive view of assets and advanced analytical support. Consequently, this simplifies system management while reducing the need for communication.

Which key market segments comprise the hydropower plant construction market and drive its revenue growth?
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

Subsegments:
1) By Water Storage: Reservoir-Based Hydropower Plants, Impoundment Hydropower Plants
2) By Diverted: Run-Of-River Hydropower Plants, Canal-Based Hydropower Plants
3) By Pumped Storage: Conventional Pumped Storage Hydropower Plants, Closed-Loop Pumped Storage Systems

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=14397

What regions are at the forefront of hydropower plant construction market expansion?
Asia-Pacific was the largest region in the hydropower plant construction market in 2024. The regions covered in the hydropower plant construction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the leading players fueling growth in the hydropower plant construction market?
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

Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/customise?id=14397&type=smp

What Is Covered In The Hydropower Plant Construction Global Market Report?

•Market Size Forecast: Examine the hydropower plant construction market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the hydropower plant construction market for a structured understanding.
•Key Players Overview: Analyze major players in the hydropower plant construction market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the hydropower plant construction market.
•Segment Contributions: Evaluate how different segments drive overall growth in the hydropower plant construction market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the hydropower plant construction market.
•Industry Challenges: Identify potential risks and obstacles affecting the hydropower plant construction market.
•Competitive Landscape: Review strategic developments in the hydropower plant construction market, including expansions, agreements, and new product launches.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.