Top Hydropower Plant Construction Companies

Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the Hydropower Plant Construction Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading Hydropower Plant Construction industry players.

Hydropower Plant Construction Market Competitive Landscape

The global hydropower plant construction market is characterized by intense competition among key players such as GE Renewable Energy, Andritz Hydro, Voith Group, and Siemens Energy, alongside regional firms targeting emerging markets. Companies are adopting strategies focused on technological innovation, sustainability integration, and strategic partnerships to capitalize on rising demand for clean energy and government incentives. The shift toward small and medium hydropower projects, especially in Asia-Pacific and Africa, reflects a broader trend of decentralized power generation. Additionally, digitalization and modernization of existing infrastructure are pivotal in gaining competitive advantage and enhancing operational efficiency.

Startup Landscape

Founded in 2020, Guras Hydro Pvt. Ltd.'s primary aim is to build sustainable run-of-river hydroelectric projects in Nepal. They are currently developing the Sankhuwa Khola Hydropower Project, a 41.06 MW plant in the Sankhuwasabha and Bhojpur districts. The proposed project has an application of a design flow of 15.250 m3/s from the headworks situated immediately downstream of Sankhuwa and Sisuwa river at budhbare, discharging the discharge through a total of conveyance Length of 6558m includes Box culverts, a headrace tunnel, a penstock and a tailrace culvert over a gross head of 315.92m for generating 244.745GWh of saleable energy with an installed capacity of 41.06MW by the power house Situated at Bumlingtar and discharging the discharge to the Arun River by way of 3.398km (4 km max) lone 132 KV single circuit transmission line.

Top Player’s Company Profiles

  • PowerChina Group
  • Sinohydro Corporation
  • Vinci Construction
  • China Three Gorges Corporation
  • Strabag SE
  • Statkraft AS
  • Skanska Group
  • Webuild SpA
  • Dongfang Electric Corporation
  • Andritz AG
  • SNC-Lavalin Group Inc.
  • Voith Group
  • Astaldi S.p.A.
  • Innergex Renewable Energy Inc.
  • GE Vernova

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FAQs

Global hydropower plant construction market size was valued at USD 94.31 Billion in 2023 and is expected to grow from USD 99.34 Billion in 2024 to USD 150.44 Billion by 2032, growing at a CAGR of 5.3% in the forecast period (2025-2032).

The global hydropower plant construction market is characterized by intense competition among key players such as GE Renewable Energy, Andritz Hydro, Voith Group, and Siemens Energy, alongside regional firms targeting emerging markets. Companies are adopting strategies focused on technological innovation, sustainability integration, and strategic partnerships to capitalize on rising demand for clean energy and government incentives. The shift toward small and medium hydropower projects, especially in Asia-Pacific and Africa, reflects a broader trend of decentralized power generation. Additionally, digitalization and modernization of existing infrastructure are pivotal in gaining competitive advantage and enhancing operational efficiency. 'PowerChina Group', 'Sinohydro Corporation ', 'Vinci Construction', 'China Three Gorges Corporation', 'Strabag SE', 'Statkraft AS', 'Skanska Group', 'Webuild SpA', 'Dongfang Electric Corporation', 'Andritz AG', 'SNC-Lavalin Group Inc.', 'Voith Group', 'Astaldi S.p.A.', 'Innergex Renewable Energy Inc.', 'GE Vernova'

Governments across the globe are adopting policies to enhance renewable energy, of which hydropower is the leading part. Policies like feed-in tariffs, subsidies, and long-term energy plans are fostering investment in hydropower plants. For example, China's National Energy Administration has a vision to attain at least 62 GW of installed capacity by 2025 and 120 GW by 2030, equivalent to 75% of the existing global installed capacity. These policy platforms are key drivers of hydropower development on a world-wide scale.

Short-Term: The construction market for hydropower plants is, in the short term, undergoing a moderate recovery underpinned by government-backed renewable energy policies and stimulus programs to fund green infrastructure. Some nations are accelerating development of small and medium-sized hydropower plants to achieve near-term energy security and decarbonization targets. Regulation bottlenecks and environmental issues are, however, moderating new project approval momentum in certain areas.

How is North America Maintaining its hold in Hydropower Plant Construction Industry?

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Global Hydropower Plant Construction Market
Hydropower Plant Construction Market

Report ID: SQMIG20C2117

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