Global Hydraulic Turbines Market Size study & Forecast, by Product Type (Reaction, Impulse), by Rating (Small (Less than 1MW), Medium (1MW to 10MW), Large (10MW and above)), by End-User (Industrial, Commercial, Residential) and Regional Analysis, 2023-203

Global Hydraulic Turbines Market Size study & Forecast, by Product Type (Reaction, Impulse), by Rating (Small (Less than 1MW), Medium (1MW to 10MW), Large (10MW and above)), by End-User (Industrial, Commercial, Residential) and Regional Analysis, 2023-2030

Global Hydraulic Turbines Market is valued at approximately USD XXX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XXX% over the forecast period 2023-2030. Hydraulic turbines are machines used to convert the energy of flowing or falling water into mechanical energy, which can then be used to generate electricity or perform other mechanical tasks. They are commonly used in hydroelectric power plants, where the force of moving water is harnessed to produce electricity. The need for renewable energy sources is anticipated to significantly grow, propelling the growth of the hydraulic turbine market. Governments all around the world are encouraging sustainable energy sources since they, unlike traditional power sources, can cut carbon emissions. The popularity of new technologies including run-of-river, low-head turbines, and small hydro plants is also anticipated to increase market demand. Also, among the key drivers of market expansion is the replacement of old coal and fossil fuel power facilities with renewable power plants.

Moreover, the rising investment in hydro projects is anticipated to create a lucrative demand for the market during the forecast period. In March 2023, SSE, a British power company, will spend USD 122 million on a Scottish pumped hydro project that might increase the nation's capacity for energy storage. When power is required, pumped hydro plants generate it by pushing water uphill to a higher reservoir and then releasing it to allow it to flow through turbines as it descends. Additionally, cohesive government initiatives and subsidies are anticipated to create lucrative opportunities for the market during forecast period. However, the high initial installation cost and location constraints stifle market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Hydraulic Turbines Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the cohesive government initiative for hydro turbine technology and growing demand for renewable and sustainable energy sources in the region. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as governments in rising nations, like China, India, and South Korea, becoming more concerned about zero emission standards. Furthermore, China's position as the world's top producer of hydropower is anticipated to support market expansion in the Asia-Pacific region.

Major market players included in this report are:
General Electric
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
Urban Green Energy
Recent Developments in the Market:
 Oct. 2021, Siemens Energy and Voith Hydro, a German technology company of the Voith Group with a focus on hydropower, formed a joint venture. According to estimates, this will allow Siemens Energy to concentrate mostly on moving and storing energy, decarbonizing business operations, and producing electricity with minimal or no CO2 emissions.

Global Hydraulic Turbines Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered - Product Type, Rating, End-User, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa


The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product Type:
Reaction
Impulse
By Rating:
Small (Less than 1MW)
Medium (1MW to 10MW)
Large (10MW and above)
By End-User:
Industrial
Commercial
Residential
By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.

Companies Mentioned
General Electric
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
Urban Green Energy

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.