Hydropower Turbine Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Hydro turbines are devices used in hydroelectric generation plants that transfer the energy from moving water to a rotating shaft to generate electricity. These turbines rotate or spin as a response to water being introduced to their blades. These turbines are essential in the area of hydropower - the process of generating power from water. The type of turbine selected for any given hydropower project is based on the height and speed of the incoming water - known as the hydraulic head - and the volume of water that flows known as the hydroelectric discharge. Efficiency and cost are also factors to be considered.

MARKET DYNAMICS

The hydro turbine market is primarily driven by the surge in investments in hydropower energy and favorable government initiatives and policies to promote the adoption of renewable technologies. Policy interventions by countries, such as Nationally Determined Contributions (NDCs) and Sustainable Development Goals (SDGs), are creating high demand for renewable energy across the globe. However, high cost of production is poised to be a major restraint of the global water turbine market during the forecast period. Generation of power is still largely dependent on fossil fuels such as coal, oil, and natural gas. Furthermore, safety of the crew needs to be considered during the installation of water turbines. Maintenance costs of water turbines are high. These factors are hampering the global water turbine market.

MARKET SCOPE

The ˜Global Hydro Power Turbines Market Analysis to 2031" is a specialized and in-depth study of the consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the hydro power turbines market with detailed market segmentation by turbine type, head type, and installation. The global hydro power turbines market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading hydro power turbines market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

  By Turbine Type: As per turbine type the market is divided into impulse turbine and reaction turbine.

  By Head Type: As per head type the market is divided into low head turbine (upto 30m), medium head turbine (30-300m), and high head turbine (above 300m).

  By Installation: As per installation the market is divided into small (Upto 1MW), medium (1MW-10MW) and large hydro power plant (above 10 MW).

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry, including both qualitative and quantitative information. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia- Pacific (APAC), Middle East and Africa (MEA), and South America. The hydro power turbines market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the hydro power turbines market from both the demand and supply sides. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive best analysis for all five regions, namely; North America, Europe APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the hydro power turbines market in these regions.
IMPACT OF COVID 19
Restrictions on business activities, travel and border closures have sharply reduced energy demand in transport and industry, decreasing the consumption of bioenergy and other renewables. Emerging macroeconomic challenges may prompt cancellation or suspension of investment decisions for both large and small-scale projects under development. All of these factors may put projects at risk, even if they are at an advanced stage.

MARKET PLAYERS

The report covers vital developments in the hydro power turbines market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships and collaborations. These activities have paved the way for the expansion of businesses and the customer base of market players. The market players from the hydro power turbines market are anticipated to have lucrative growth opportunities in the future with the rising demand for hydro power turbines in the global market. Below mentioned is the list of a few companies engaged in the hydro power turbines market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the hydro power turbines market. Decide the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.

•   Canyon Hydro
  
•   Canadian Hydro Components Ltd
  
•   Gilbert Gilkes & Gordon
  
•   General Electric
  
•   Harbin Electric Corporation
  
•   Kirloskar Brothers Ltd.
  
•   Siemens AG
  
•   Toshiba Energy
  
•   Voith Group
  
•   WWS Wasserkraft GmbH
  
  
  

The Insight Partners dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Hydropower Turbine Report Scope

Report Attribute	Details
Market size in 2023	US$ XX Million
Market Size by 2031	US$ XX Million
Global CAGR (2023 - 2031)	XX%
Historical Data	2021-2022
Forecast period	2024-2031
Segments Covered	By Turbine Type Impulse Turbine Reaction Turbine By Head Type Low Head Turbine Medium Head Turbine High Head Turbine By Installation Small Hydro Power Plant Medium Hydro Power Plant Large Hydro Power Plant
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Canyon Hydro Canadian Hydro Components Ltd WWS Wasserkraft GmbH Kirloskar Brothers Ltd. Siemens AG Gilbert Gilkes and Gordon General Electric Toshiba Energy Voith Group