Europe Hydro Turbine Market

Europe Hydro Turbine Market by Technologies (Reaction and Impulse), Capacities (Small (Less than 10MW), Medium (10MW-100MW), and Large (Greater than 100MW)), Geography (Germany, The UK, Norway, Italy, and Rest of Europe) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028.

  • Report ID: CM-3417
  • Author: Growth Market Reports
  • Rating: 4.6
  • Total Reviews: 3
  • No. Of Pages: 214
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The Europe hydro turbine market size is projected to expand at a high CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the growing environment awareness regarding energy generation.

Europe Hydro Turbine Market

In hydropower generation projects, an electro-mechanical device known as a hydro turbine is employed to generate energy.  A hydro turbine generates rotating energy from flowing water. The flowing water causes the turbines to spin or revolve. A spinning shaft or plate is attached with a succession of blades. Water is then pushed through the turbine and across the blades, causing the inner shaft to revolve. The rotating motion is then transferred to a generator, which generates electricity. The type of turbine used in hydropower facilities is determined by the volume of water flowing and the height of the water storage reservoir. Overall hydroelectric power generation has improved as a result of technological innovation and fast development.

The hydro turbine industry observed a decline due to the onset of the COVID-19 pandemic. Lockdown had been imposed by governments in a number of nations, resulting in the closure of companies in a number of towns and provinces throughout the world, prompting forecasts of a dramatic slowdown. Furthermore, logistical bottlenecks impeded the execution of new projects. As a result of the slowing economy, the hydro turbine sector is expected to suffer unfavorable consequences.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing   energy demand is anticipated to drive the market growth.
  • Rising demand for greener power production technology is expected to boost the market expansion during forecast periods.
  • Implementation of strict emission regulatory goals is expected to boost the growth of the global hydro turbine industry. 
  • High installation cost of dams can hamper the market growth.
  • Renewable energy requirement in developing economies is estimated to offer lucrative opportunities for Europe hydro turbine market.

Scope of the Report

The report on the Europe hydro turbine market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Europe Hydro Turbine Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Technologies (Reaction and Impulse) and Capacities (Small (Less than 10MW), Medium (10MW-100MW), and Large (Greater than 100MW))

Geographical Scope

Germany, The UK, Norway, Italy, and Rest of Europe

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Litostroj Power Group; Siemens AG; General Electric Company; Andritz AG; and Voith GmbH & Co. KGaA

Europe Hydro Turbine Market Segment Insights

Reaction segment is projected to expand at a considerable CAGR

On the basis of technologies, the market is segregated into reaction and impulse. The reaction segment is projected to expand at a considerable CAGR during the forecast period due to increasing number of hydro powerplants. The combined action of pressure and flowing water generates electricity in a reaction turbine. These turbines are designed to get the most power out of a little amount of water with high speeds. Reaction turbines account for more than 65 % of all turbines utilized in hydropower facilities.

Europe Hydro Turbine Market

Large (greater than 100MW) segment anticipated to account for a significant market share.

Based on capacities, the market is divided into small (less than 10MW), medium (10MW - 100MW), and large (greater than 100MW). The large (greater than 100MW). segment is predicted to account for a significant market share during the forecast period owing to rising construction of large hydro power stations in Europe region.

Norway is anticipated to constitute a key market share

In terms of regions, the Europe hydro turbine market is categorized as Germany, The UK, Norway, Italy, and Rest of Europe. Norway is expected to constitute a key share of the market during the projected period due to rising investment in hydropower development. Moreover, since 2000, large hydropower plants in Norway and Portugal with a combined capacity of 3.1 GW have been operational. Municipalities own and operate more than 55% of the hydropower fleet in Norway. Additionally, Norway is also constructing interconnectors with the UK and Germany.

Europe Hydro Turbine Market

Segments

Segments Covered in the Report

The Europe hydro turbine market has been segmented on the basis of

Technologies

  • Reaction
  • Impulse

Capacities

  • Small (Less than 10MW)
  • Medium (10MW-100MW)
  • Large (Greater than 100MW)

 Geography

  • Germany
  • The UK
  • Norway
  • Italy
  • Rest of Europe

 Key Players

  • Litostroj Power Group
  • Siemens AG
  • General Electric Company
  • Andritz AG
  • Voith GmbH & Co. KGaA

Competitive Landscape

The Europe hydro turbine market is moderately fragmented. Key players competing in the Europe hydro turbine market are Litostroj Power Group; Siemens AG; General Electric Company; Andritz AG; and Voith GmbH & Co. KGaA.

Europe Hydro Turbine Market

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Hydro Turbine Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Hydro Turbine Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Hydro Turbine Market - Supply Chain
  4.5. Global Hydro Turbine Market Forecast
     4.5.1. Hydro Turbine Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Hydro Turbine Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Hydro Turbine Market Absolute $ Opportunity
5. Global Hydro Turbine Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Hydro Turbine Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Hydro Turbine Demand Share Forecast, 2019-2026
6. North America Hydro Turbine Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Hydro Turbine Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Hydro Turbine Demand Share Forecast, 2019-2026
7. Latin America Hydro Turbine Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Hydro Turbine Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Hydro Turbine Demand Share Forecast, 2019-2026
8. Europe Hydro Turbine Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Hydro Turbine Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Hydro Turbine Demand Share Forecast, 2019-2026
9. Asia Pacific Hydro Turbine Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Hydro Turbine Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Hydro Turbine Demand Share Forecast, 2019-2026
10. Middle East & Africa Hydro Turbine Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Hydro Turbine Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Hydro Turbine Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Hydro Turbine Market: Market Share Analysis
  11.2. Hydro Turbine Distributors and Customers
  11.3. Hydro Turbine Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)

Segments Covered in the Report

The Europe hydro turbine market has been segmented on the basis of

Technologies

  • Reaction
  • Impulse

Capacities

  • Small (Less than 10MW)
  • Medium (10MW-100MW)
  • Large (Greater than 100MW)

 Geography

  • Germany
  • The UK
  • Norway
  • Italy
  • Rest of Europe

 Key Players

  • Litostroj Power Group
  • Siemens AG
  • General Electric Company
  • Andritz AG
  • Voith GmbH & Co. KGaA

The Europe hydro turbine market is moderately fragmented. Key players competing in the Europe hydro turbine market are Litostroj Power Group; Siemens AG; General Electric Company; Andritz AG; and Voith GmbH & Co. KGaA.

Europe Hydro Turbine Market

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