Hydro Turbine Market

Hydro Turbine Market by Technologies (Reaction and Impulse), Capacity (Small (Less than 10MW), Medium (10MW – 100MW), and Large (Greater than 100MW)), and Regions (North America, Europe, Asia Pacific, Latin America, And Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, And Forecast 2021 – 2028

  • Report ID: CM-1151
  • Author: Growth Market Reports
  • Rating: 4.7
  • Total Reviews: 3
  • No. Of Pages: 176
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The global hydro turbine market size is anticipated to expand at a CAGR of 2.4% during the forecast period, 2021 – 2028. The growth of the market is attributed to rising demand for cleaner technologies for power production.
 

Hydro Turbine Market Key Takeaways


A turbine is a mechanical device that converts potential energy of water into kinetic energy. It helps to run turbine blades, which forms mechanical energy. The turbine rotor turns a generator rotor, which then convert mechanical energy into electrical energy. An electro-mechanical equipment is used in hydropower generation projects for producing electricity, also known as hydro turbine.

Hydro turbine transmits power to revolve shaft. The turbines spin or turn as a reaction to the water in their blades. A series of blades are mounted on a plate or spinning shaft, and water is passed through the turbine over the blades, which enable the inner shaft to rotate.

 The type of turbine chosen for hydropower plants depends on the amount of water that flows and the height of the water storage, also known as hydraulic head. Rising technological innovation and rapid developments to improve the hydroelectric power production are expected to propel the market growth.

Market Trends, Drivers, Restraints, and Opportunities:

  • Increasing demand for energy is anticipated to drive the market growth.
  • High installation cost can hamper the growth of market.
  • Design challenges of the turbine can create challenges for the growth of the market.
  • Implementation of stringent emission regulation is expected to boost the growth of the global hydro turbine industry.
  • Rising government state bodies support through investments is speculated to fuel the market growth.

Scope of the Report

The report on the global hydro turbine market research report 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

Hydro turbine market - Global 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 Capacity (Small (Less than 10MW), Medium (10MW – 100MW), and Large (Greater than 100MW))

Regional Scope

North America, Latin America, Europe, Asia Pacific and Middle East & Africa

Report Coverage

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

Key Players Covered in the Report

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

 

Global Hybrid Turbine Market Segment Insights

Reaction segment to dominate market
Based on technologies, the market is divided into reaction and impulse. The Reaction segment to dominate the market during the forecast period owing to increasing use of reaction turbine types, which includes Francis turbine and Kaplan turbines. Reaction turbine develops power from the combined action of pressure and moving water. Turbines are used to generate maximum power output from a low available water head and high velocities. About 60% of turbines used in hydro power plants are reaction turbines. Francis turbines are the most widely used reaction turbines in hydro power plants.

Large (Greater than 100MW) segment to account a considerable market share
Based on capacity, the global hybrid turbine market is divided into small (less than 10MW), medium (10MW – 100MW), and large (greater than 100MW). The large (greater than 100MW) segment to account for a considerable market share during the forecast period. Large facility produces a great amount of electricity, which involves damming huge rivers and building powerhouses. Smaller hydropower provide power for small communities.
 

Hydro Turbine Market by Capacity


The market in Asia Pacific to exhibit a high CAGR
In terms of regions, the global hydro turbine market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific is anticipated to exhibit a high CAGR and is expected to dominate during forecast period. Rising demand for energy owing to rising population in countries such as China and India is driving the growth of the market in the region. About 90% of the added capacity in the region came from China, which includes China’s recent addition of 1.5 GW power capacity. This increased the country’s total installed capacity to 352 GW.
 

Hydro Turbine Market by Regions

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)
     11.4.1. General Electric Co.
     11.4.2. Siemens AG
     11.4.3. Andritz AG
     11.4.4. Litostroj Power Group
     11.4.5. Voith GmbH & Co. KGaA

Segments Covered in the Report
The market global hydro turbine has been segmented on the basis of

Technologies

  • Reaction
  • Impulse

Capacity

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

Regions

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Key Players

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

Key players operating in the global hydro turbine market includes General Electric Co., Siemens AG, Andritz AG, Litostroj Power Group, and Voith GmbH & Co. KGaA.
 

Hydro Turbine Market By Key Players

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