Search and Filter Through Our Comprehensive Database of EPTD Projects and Tenders in Hungary
Identify and track latest electric power transmission & distribution (T&D) infrastructure projects (upcoming, ongoing/under-construction, completed), tenders, and contract awards. Our extensive database and user-friendly interface make it easy for you to find the right business opportunity in Hungary.
Hungary Electric Power Transmission & Distribution (T&D) Infrastructure Industry Analysis
Electricity is an essential element for the economic development of any country, and Hungary is no exception. The Electric Power Transmission & Distribution Infrastructure industry plays a crucial role in ensuring that electricity is efficiently and effectively delivered to the end-users. In Hungary, the industry is regulated by the Hungarian Energy and Public Utility Regulatory Authority (MEKH), which is responsible for ensuring that the infrastructure is reliable, safe, and affordable.
Current Scenario:
The current scenario of the Electric Power Transmission & Distribution Infrastructure industry in Hungary is stable. The country has a well-developed transmission and distribution infrastructure that ensures reliable and uninterrupted supply of electricity to the consumers. The transmission network in Hungary is primarily operated by the Hungarian Transmission System Operator (MAVIR), while the distribution network is operated by various regional distribution system operators (DSOs). The country has a total installed capacity of around 9.4 GW, with the majority of the capacity coming from thermal power plants.
Construction of New Projects:
The Hungarian government has initiated several projects to improve the country's electricity infrastructure. One of the most significant projects is the construction of the Paks II nuclear power plant, which is expected to have a capacity of around 2.4 GW. The project is being developed by Russia's Rosatom and is expected to be completed by 2030. Apart from this, several renewable energy projects are also being developed, with a focus on wind and solar power. The Hungarian government has set a target of increasing the share of renewable energy in the country's energy mix to 20% by 2030.
Major Drivers:
One of the major drivers of the Electric Power Transmission & Distribution Infrastructure industry in Hungary is the government's focus on improving the country's energy security. The country is highly dependent on imported fossil fuels, and the government is working towards reducing this dependence by increasing the share of renewable energy in the country's energy mix. Another major driver is the growing demand for electricity, driven by population growth and economic development.
Industry Outlook:
The Electric Power Transmission & Distribution Infrastructure industry in Hungary is expected to grow steadily in the coming years. The government's focus on improving the country's energy security and reducing dependence on imported fossil fuels is expected to drive investment in renewable energy projects. Moreover, the increasing demand for electricity, driven by population growth and economic development, is expected to create opportunities for the industry. The industry is also likely to witness increased investment in digitalization and smart grid technologies, which will improve the efficiency and reliability of the transmission and distribution infrastructure.
In conclusion, the Electric Power Transmission & Distribution Infrastructure industry in Hungary is stable and is expected to grow steadily in the coming years. The government's focus on improving the country's energy security, reducing dependence on imported fossil fuels, and increasing the share of renewable energy in the country's energy mix is expected to drive investment in the industry.
Looking for a List of Electric Power Transmission & Distribution (T&D) Infrastructure Projects in Hungary?
Are you searching for electric power transmission & distribution (T&D) infrastructure projects and tenders in Hungary?
We have compiled the most comprehensive and up-to-date database of global projects and tenders to quickly find opportunities needing your services.
Blackridge Research's Global Project and Tender database is a valuable resource for EPC companies, general contractors, subcontractors, manufacturers, suppliers, operation & maintenance (O&M) companies, investors, consulting companies, and law firms looking for new business opportunities.
Our database includes all the essential project details, contact information of project owners and stakeholders, making it easy for you to establish your connection and grow your business.
Free! No Strings Attached :) 
