London, 09 July 2015: Technavio, the independent tech-focused global research firm, has published a report on the global hydropower plant construction market 2015-2019, which is expected to grow at a CAGR of 6.49% during the period 2014-2019.
The growing energy demand is boosting the global hydropower plant construction market. The long lifespan of hydropower plants is encouraging many countries to increase spending on the construction of hydropower plants. Moreover, increasing demand for clean energy is driving the demand for hydropower plants globally.
“Investment in hydropower projects is expected to reach approximately $85 billion by 2020. Foreign investments are expected for hydropower projects during the forecast period,” says Faisal Ghaus, Vice President of Technavio.
“Moreover, there is an increasing demand for small hydropower plants because of the simple design, easy construction, and low costs involved.”
Key Market Drivers
- Increased Demand for Electricity
- Development in Hydrokinetic and Tidal Hydropower
- Long Lifespan of Hydropower Plants
Key Market Trends
- Increase in Investment in Hydropower Projects
- Growth in Small Hydropower Plants
Key Market Vendors
- Alstom Power
- BC Hydro and Power Authority
- RusHydro JSC
- Voith GmbH
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
