Press release
Water Turbine Market Size, Status And Growth And Precise Outlook 2027
Water Turbine Market
The growing population and urbanization have compelled the governments to increase the power generation capacity. The augmenting demand for power across the globe, increased carbon footprint, and global warming has encouraged the focus towards renewable sources of power generation.
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the artic regions experience harsh winters and to cope up with their power requirement the power producers are compelled to resort to expensive sources of power generation making it necessary for these regions to shift towards renewable sources. Stringent government regulations to control emissions has further boosted the global market for water turbines. However, high installation cost and design challenges of turbines are major factors hindering the growth of the water turbines market currently.
Water Turbine Market Taxonomy:
On the basis of type, the global water turbine market is segmented into:
Reaction Turbines
Gorglow turbine
Tyson turbine
Kaplan turbine
Francis turbine
Others
Barkh turbine
On the basis of application, the global water turbine market is segmented into:
Aeronautics
Marine
Power storage
Power generation
Others
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General Electric, Alterra Power Corporation, Energy Development Corporation, Canyon Industries inc., Gilbert Gikes & Gordon Ltd, and Sumitomo Corporation, are some of the major players operating in the global water turbine market.
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