Global Hydropower Turbine Market Outlook 2025-2034: Trends, Innovations, And Future Outlook

The Hydropower Turbine Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Hydropower Turbine Market Size and Projected Growth Rate?
In recent times, the market size of hydropower turbines has witnessed significant growth. There is a projection that it will expand from $2.04 billion in 2024 to $2.17 billion in 2025, with a compound annual growth rate (CAGR) of 6.3%. The increase in the historical period can be credited to the continuous support and policies of the government, the shift towards renewable sources of energy, the rise in demand for clean energy, investments in infrastructure and hydropower development, and the integration of hydropower with energy storage.

In the few upcoming years, the market size of hydropower turbines is anticipated to experience a consistent rise. The growth is expected to reach $2.63 billion by 2029, realizing a compound annual growth rate (CAGR) of 4.9%. The growth during this prediction period is projected to be driven by factors like government incentives and policies, increased requirements for renewable energy, infrastructure advancements, cost-effectiveness, and a dependable supply of baseload power. The anticipated trends over this forecast period encompass product improvements, technological enhancements, rural electrification through hydropower, as well as hydropower retrofitting and upgrading.

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What Are the Major Segments in the Hydropower Turbine Market?
The hydropower turbine market covered in this report is segmented -

1) By Type: Reactive, Impulse, Gravity, Other Types
2) By Head Type: Low Head Turbine (Upto 30m), Medium Head Turbine (30-300m), High Head Turbine (above 300m)
3) By Installation: Small (Upto 1MW), Medium (1MW-10MW), Large Hydro Power Plant (Above 10 MW)
4) By Application: Power Generation, Power Storage, Marine, Aeronautics

Subsegments:
1) By Reactive: Francis Turbines, Kaplan Turbines, Propeller Turbines
2) By Impulse: Pelton Turbines, Turgo Turbines, Crossflow Turbines
3) By Gravity: Waterwheel Turbines, Archimedes Screw Turbines
4) By Other Types: Vortex Turbines, Free-flow Turbines, Hydraulic Ram Turbines

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What Are The Driving Hydropower Turbine Market Evolution?
The hydropower turbine market is set to see a surge in growth, driven by the escalating usage of hydroelectricity. Hydroelectricity, which is generated from the energy of flowing or falling water, presents a secure and steady source of energy while maintaining minimal greenhouse gas emissions. Hydropower turbines are instrumental in this process, transforming the kinetic energy of water into mechanical energy which is then converted to electrical energy by a generator. As reported by the International Energy Agency, an autonomous intergovernmental organisation based in Paris, hydroelectricity generation saw a rise of over 70 TWh (2%) to 4,300 TWh in 2022, with records from July 2023. Moreover, in Europe, there was a 58 TWh change in hydropower output in 2023, marking a percentage change of 10.3%. Consequently, the growing usage of hydroelectricity is fuelling the expansion of the hydropower turbine market.

Which Firms Dominate The Hydropower Turbine Market Segments?
Major companies operating in the hydropower turbine market are General Electric, Toshiba Corporation, Andritz AG, Fuji Electric Co. Ltd., Dongfang Electric Corporation Ltd., Voith Group, Harbin Electric Corporation, Ansaldo Energia SpA, UCM Resita SA, Gammon India Ltd., IMPSA SA, Tyazhmash AO, Azad Engineering Company, Gilbert Gilkes and Gordon Ltd., MAX-tec Wasserkraft AG, Wasserkraft Volk AG, HS Dynamic Energy Co.Ltd., Addnew Technologies Limited, Alps Power Technologies (P) Limited, Entec AG, Derwent Hydro, Evans Engineering Ltd., Heidra Ltd., Zhefu Holding Group Co Ltd., and ProViento S.A.

What Trends Are Driving Growth in The Hydropower Turbine Market?
Leading enterprises within the hydropower turbine sector are prioritizing technological advancements in turbines, like VETT-in-a-Box, to reinforce their products and establish their standing in the market. VETT-in-a-Box is a user-friendly micro hydropower system capable of generating power from minor rivers, wastewater release points, lock gates, or canals with a mere head drop of two meters. For example, in February 2022, VerdErg Renewable Energy Ltd., a manufacturer and marketer of hydropower technologies based in the UK, introduced VETT-in-a-Box. This novel solution constitutes a self-contained small hydropower system located within a transportable container for easy installation and usage. It has the potential to supply electricity for crucial needs in isolated, off-grid areas across the globe and provides an alternative to diesel-powered generators. By utilizing VerdErg's unique venturi technology, it accesses extremely low-head regions and aims to reduce production and installation costs via standardization of components.

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Which Is The Largest Region In The Hydropower Turbine Market?
Asia-Pacific was the largest region in the hydropower turbine market in 2024. The regions covered in the hydropower turbine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Hydropower Turbine Market?
2. What is the CAGR expected in the Hydropower Turbine Market?
3. What Are the Key Innovations Transforming the Hydropower Turbine Industry?
4. Which Region Is Leading the Hydropower Turbine Market?

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