Global Hydro Turbine Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Hydro Turbine Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Technology (Reaction, and Impulse), Capacity (Small (Less than 10MW), Medium (10MW - 100MW), and Large (Greater than 100MW)), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
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.