The global hydropower plant construction market is mainly driven by the growing global demand for clean energy. Rapid industrialization and urbanization, especially in developing countries like China and India, have led to an increase in demand for electricity. In order to reduce dependence on fossil fuels for power generation, carbon footprint reduction initiatives launched by governments of various countries like the United States, Germany, India, Japan, and China have led to an increase in the demand for renewable energy sources for electricity generation. Thus, various hydropower plants have been constructed around the world, especially in the Asia-Pacific region, to meet the growing demand for renewable energy.
MARKET SCOPE
The "Global Hydropower Plant Construction Market Analysis to 2028" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on the global market trend analysis. The report aims to provide an overview of the hydropower plant construction market with detailed market segmentation by type, application, and geography. The global hydropower plant construction market is expected to witness rapid growth during the forecast period. The report provides key statistics on the market status of the leading hydropower plant construction market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global hydropower plant construction market is segmented by type, and application.
- Based on type, the market is segmented into Water Storage, Diverted, Pumped Storage
- On the basis of application, the market is segmented into City Power Supply, Industrial Power Supply, Military Power.
MARKET DYNAMICS
Drivers:
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- The key market drivers for hydropower plant construction market are, rising demand for clean energy across the globe, surge in demand of electricity because of rapid urbanization and industrialization, increase in need of the cleaner technology for power generation along with stringent emission policies.
- However, high operational expenditures and high capital investments are expected to restrain market growth during forecast period.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The automotive connector's market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the automotive connector's market in these regions.
IMPACT OF COVID-19
The widespread uncertainty and liquidity constraints have compromised the financing and refinancing of some hydropower projects. Greenfield development and major modernization projects have also been halted due to supply chain disruptions during the lockdown outbreak of the Covid-19 pandemic. In addition, planned or existing government programs to support the sector have been postponed. While operations have been less affected due to the high degree of automation in modern systems, significant drops in electricity demand and prices have had an impact. In some markets, demand and prices have contracted by up to 20.0% and remain extremely volatile. The projects, covered by long-term power purchase agreements, remained largely insulated from these impacts.
MARKET PLAYERS
The reports cover key developments in the hydropower plant construction market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from hydropower plant construction market are anticipated to lucrative growth opportunities in the future with the rising demand for hydropower plant construction in the global market. Below mentioned is the list of few companies engaged in the hydropower plant construction market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the hydropower plant construction market. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, the key development in the past five years.
- Hydro-Quebec
- Voith
- Eletrobras
- BC Hydro
- StatKraft
- China Yangtze Power
- Alstom
- RusHydro
- Portland General Electric Co
- Portadam