Hydroelectricity is electricity produced from hydropower. In 2015 hydropower generated 16.6% of the world’s total electricity and 70% of all renewable electricity, according to research, Global Hydropower Plant Construction Market is projected to grow at a CAGR of 5.8% over 2016-2020.
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The primary factor from driving the market Hydropower Plant Construction is growing populating around the world, according to the United Nations, the world population will reach 8.7 billion by 2035. Population growth and increase in standards of living in developing countries will lead to increase in electricity demand. According to the International Atomic Energy Agency, the global demand for electricity is expected to double between 2002 and 2030, and around 4,259 TWh of electricity will be generated through hydropower plants.
In terms of Geography – Analysis, Hydropower is produced in 150 countries, with the Asia-Pacific region generating 33 percent of global hydropower in 2013. China is the largest hydroelectricity producer, with 920 TWh of production in 2013, representing 16.9 percent of domestic electricity use.
The cost of hydroelectricity is relatively low, making it a competitive source of renewable electricity. The hydro station consumes no water, unlike coal or gas plants. The average cost of electricity from a hydro station larger than 10 megawatts is 3 to 5 U.S. cents per kilowatt-hour.
Global top Hydropower Plant Construction companies are Alstom, BC Hydro, RusHydro, Voith, China Yangtze Power, Eletrobras, Hydro-Québec among others.
Hydropower Plant Construction Report by Material, and Geography – Global Forecast to 2023 is a professional and comprehensive research report on the world’s major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, United Kingdom, Japan, South Korea and China).
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The research report firstly Introduced the Hydropower Plant Construction basics: Definitions, Classifications, Applications and Market Overview; Product Specifications; Manufacturing Processes; Cost Structures, Raw Materials and so on. Then it analysed the world’s main region market conditions, including the product price, profit, capacity, production, supply, demand and market growth rate and forecast etc. In the end, the report introduced new project SWOT analysis, investment feasibility analysis, and investment return analysis.
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