Hydro Turbine Market Advanced Technologies & Growth Opportunities in Industry By 2031

The global hydro turbine market is expected to reach a value of US$ 3,020.3 Mn by 2027. In terms of value, the market is estimated to expand at a CAGR of 4.7% during the forecast period from 2018 to 2027. Based on volume, the market stood at around 7,015 units in 2017.

The Asia Pacific hydro turbine market is projected to witness the highest growth during the forecast period both in terms of value (US$ Mn) and volume (Units).  The market witnessed considerable growth in the Asia Pacific region due to increasing government initiatives to deal with frequent power shortages. China and India are major economies estimated to drive the market in the near future. 

𝐆𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.transparencymarketresearch.com/hydro-turbine-market.html

The hydro turbine market is influenced by the prime driving factor of advancements in technology along with advanced grid integration. In terms of type, the reaction turbinesegment is anticipated to gain the largest share with total value of US$ 2,313.3 Mn by 2027 at a CAGR of 4.8% annually.

However, environmental concern of hydropower generation is one of the major challenges restraining the growth of the market.  Nevertheless, the market is anticipated to grow due to rising requirement of hydro turbines in emerging economies for renewable energy. 

In 2017, based on type, the reaction turbine segment accounted for value of about US$ 1,472.1 Mn in the global hydro turbine market. Demand for reaction turbine type is increasing because these turbines are preferred for power generation due to their advantage of remaining dipped in water and because they use the pressure energy of water to generate power. Based on head type, the medium head (30 m to 300 m) segment is anticipated to reach US$ 1,157.9 Mn at a CAGR of 4.5% by 2027.

𝐆𝐞𝐭 𝐏𝐃𝐅 𝐬𝐚𝐦𝐩𝐥𝐞 𝐟𝐨𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐚𝐧𝐝 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=17642 

A low-head dam is one with a water drop of less than 30 m and a producing capacity up to 15,000 kW. High-head (300 to 1500) dams can create more power at lower costs than low-head dams; however, construction of large dams may be limited by economic conditions, by environmental considerations, or by lack of suitable sites. In contrast, there are many existing medium head dams and drops in elevation where medium generating plants could be installed. New medium-head dams could be built to increase output as well.

The key to the usefulness of such units is their ability to generate power near where it is needed, reducing the power inevitably lost during transmission. The above factors are expected to boost the medium head (30 m to 300 m) segment during the forecast period. In terms of installation site, large hydro plants (more than 500 kw) segment is anticipated to reach US$ 1,912.0 Mn at a CAGR of 4.8% by 2027.

𝐆𝐞𝐭 𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐛𝐮𝐲𝐢𝐧𝐠: https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=17642 

Some of the key players profiled in the global hydro turbine market are General Electric Co., ANDRITZ AG, Toshiba Energy, Harbin Electric Machinery, Kirloskar Brothers Ltd., Siemens AG, Canyon Industries Inc., Cornell Pump Co., Gilbert Gilkes & Gordon Ltd, WWS Wasserkraft GmbH, and Canadian Hydro Components Ltd. 

The hydro turbine market is segmented as below.

Hydro Turbine Market: By Type

Impulse Turbine

Pelton Turbine

Cross Flow Turbine

Reaction Turbine

Kaplan Turbine

Francis Turbine

Bulb Turbine 

Hydro Turbine Market: By Installation Site

Pico Hydro Plants (0 kw - 5 kw)

Micro Hydro Plants (5 kw - 100 kw)

Mini Hydro Plants (100 kw - 500 kw)

Large Hydro Plants (more than 500 kw) 

𝐂𝐥𝐢𝐜𝐤 𝐅𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=17642

Hydro Turbine Market: By Head Type

Low Head (Less than 30 m)

Medium Head (30 m to 300 m)

High Head (300 m to 1500 m) 

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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