Press release
Hydropower Turbine Market Growth Opportunities and Major Key Players: GE Energy, Urban Green Energy, estas Wind Systems, Siemens Wind Power, Enercon, International Aero Engines, Suzlon Energy
Global Market Insights
Hydropower turbine market will grow at a high rate to 2023. Growing demand for renewable energy sources along with rising environmental security concerns is anticipated to drive the industry growth over the forecast period. The overall turbine market size is expected to be over USD 190 billion by 2023.
Escalating research and development and maintenance activities is likely to derive the industry demand for these systems. In addition, increasing need for large scale energy production might positively impact the industry growth over the several upcoming years. Advent of private power generating organization is expected to fuel the industry demand across large private enterprises as well as various government organizations should propel industry demand from 2016 to 2023.
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Top Key Players: -
Key industry participants for hydropower turbine market share include GE Energy, Urban Green Energy, estas Wind Systems, Siemens Wind Power, Enercon, International Aero Engines and Suzlon Energy Limited among others.
Market share calculation in this report is not done based on companies covered in it. The calculation of hydropower turbine market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Regional Segmentations: -
North America is anticipated to exhibit considerable demand for turbines due to favorable governmental incentives for the application of these systems. Europe is projected to witness substantial growth owing to proliferating needs for unconventional source of energy.
Asia pacific hydropower turbine market is likely to exhibit significant growth over the forecast period. Emerging nations such as China and India are projected to fuel the industry demand owing to rising electricity needs in the region.
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Energy produced through these turbines is projected to be the most prevailing non-polluting sources of energy. Various significant sources for energy production through technology having less environmental impacts encapsulate low head turbines, run-of river and small hydro plants. Industry participants are likely to focus on numerous factors such as quality of service, price, portability, accessibility as well as performance due to fierce competition in the industry.
Major energy producers are now moving from coal to natural resources or renewable for power generation. This in turn is expected to boost the hydropower turbine market over the several forthcoming years. These turbines are built for proficient energy production using viable sources of energy. In case of hydraulic reaction turbines, the input material from dams or rivers is passed through the blades to impel the turbine. Furthermore, in impulsive turbines the resultant water pressure is passed through nozzles making the source feed to drive the turbine blades and thus produce the energy.
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
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