Market Overview

The Global Hydro Turbine Market was valued at USD 2,224.0 million in 2023 and is expected to reach USD 2,758.8 million by 2031 while growing at a CAGR of 2.7% during the forecast period (2024-2031).

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global hydro turbine market growth. A hydro turbine converts flowing water's energy into electricity, serving as a key component in hydroelectric power generation systems and used in power plants for harnessing energy from water.

Increasing global focus on sustainable and renewable energy sources, coupled with government initiatives and policies, drives growth in the hydro turbine market. However, obstacles like high initial capital investment and environmental concerns may impede market expansion.

Furthermore, the global hydro turbine industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Technology Analysis

The Global Hydro Turbine Market is segmented among Reaction, and Impulse, based on Technology. In 2023, Impulse accounted for the majority of the market share*.

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By Capacity Analysis

The Global Hydro Turbine Market is segmented among Small (Less than 10MW), Medium (10MW - 100MW), and Large (Greater than 100MW), based on Capacity. In 2023, Small (Less than 10MW) accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Hydro Turbine Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while North America is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are General Electric Company, Siemens AG, Andritz AG, Canyon Industries Inc., Voith GmbH & Co. KGaA, Gilbert Gilkes & Gordon Ltd, Kirloskar Brothers Ltd, Norcan Hydraulic Turbine Inc., Litostroj Power Group, and WWS-Wasserkraft GmbH.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Hydro Turbine Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Hydro Turbine Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Hydro Turbine Market Segmentation, By Technology

• Global Hydro Turbine Market Share Analysis, By Technology  

• Global Hydro Turbine Market Growth Analysis, By Technology  

• Global Hydro Turbine Market Trends, By Technology

o Reaction

o Impulse

6. Global Hydro Turbine Market Segmentation, By Capacity  

• Global Hydro Turbine Market Share Analysis, By Capacity  

• Global Hydro Turbine Market Growth Analysis, By Capacity

• Global Hydro Turbine Market Trends, By Capacity

o Small (Less than 10MW)

o Medium (10MW - 100MW)

o Large (Greater than 100MW)

7. Global Hydro Turbine Market Segmentation, By Region

• Global Hydro Turbine Market Share Analysis, By Region

• Global Hydro Turbine Market Growth Analysis, By Region

• Global Hydro Turbine Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

8. Competitive Landscape

• General Electric Company*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Siemens AG

• Andritz AG

• Canyon Industries Inc.

• Voith GmbH & Co. KGaA

• Gilbert Gilkes & Gordon Ltd

• Kirloskar Brothers Ltd

• Norcan Hydraulic Turbine Inc.

• Litostroj Power Group

• WWS-Wasserkraft GmbH

 *Similar analysis will be provided for each company listed above.