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Hydro Turbine Market Insights, 2027
Hydro Turbine Market (Type - Impulse Turbine (Pelton Turbine, Cross Flow Turbine), Reaction Turbine (Kaplan Turbine, Francis Turbine, Bulb Turbine); 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); Head Type - Low Head (Less than 30 m), Medium Head (30 m to 300 m), High Head (300 m to 1500 m) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2027
- Energy & Natural Resources
- TMRGL17642
- 144 Pages
The Global Hydro Turbine Market: Snapshot
Electro-mechanical machinery and apparatus utilized in the power generation projects involving the usage of hydropower generation are known as hydro turbines. Products in the global hydro turbine market transmit the power to a revolving power manufacturing shaft from the flowing water. Turbines in the global hydro turbine market turn or spin as the reaction to the water flowing in their massive blades. Products in the global hydro turbine market consist of a series of huge metal blades that are erected on a spinning shaft or plate. Electric power is generated by the transferring of this rotational motion of the products in the global hydro turbine market to a generator. Fast paced development and numerous technological advancements are some of the key drivers for the development of the global hydro turbine market.
Some other notable and significant drivers for the growth of the global hydro turbine market include rising global demand for energy, implementation of strict emission regulations and guidelines that restrict over usage of fossil fuels and coal for electricity generation, and increasing need for clean power generation technologies. Furthermore, as hydro power is considered to be the most common and primary source of renewable energy generation, new hydro power plants are gaining regulatory approvals. This, in turn, is positively affecting the demand dynamics within the global hydro turbine market in coming years.
Furthermore, increasing development as well as construction of hydro power generation plants and projects is also driving the growth in the global hydro turbine market. Moreover, rising demand for hydro power generation owing to their nature of not emitting harmful air pollutants or green house gases that can cause global warming is also likely to assist in the expansion of the global hydro turbine market in the years to come. However, high installation costs associated with dams and hydro power plants, ecological concerns pertaining to dam construction, design challenges faced by turbine designers, and long gestation periods are some of the essential factors that may challenge the demand dynamics in the global hydro turbine market in coming years.
Hydro Turbine Market - Snapshot
Hydro turbine is the electro-mechanical equipment used in hydroelectric generation projects to generate electricity. Hydro turbines transfer the energy from moving water to a rotating shaft for the generation of electricity. These turbines spin or rotate as a response to water being introduced to their blades. Hydro turbines are essential in the area of hydropower (the process of generating power from water). Usually, the structure of turbines is simple. A row of blades is fitted to a plate or rotating shaft; water is then moved through the turbine over the blades triggering the inner shaft to rotate. Electricity is generated as this rotational motion is subsequently transferred to a generator. The turbine type selected for hydropower plants depends on the volume of water that flows (known as the hydroelectric discharge) and the height of the water storage (known as the hydraulic head). Cost and efficiency are also factors to be considered.

The global hydro turbine market is expected to reach around US$ 3,020.3 Mn by 2027. The Asia Pacific hydro turbine market had the highest share, accounting for US$ 763.6 Mn in 2017. The market dynamics of the global hydro turbine market are subject to factors mainly related to advancements in technology along with advanced grid integration. Asia Pacific and South America dominate the hydro turbine market. Additionally, the operation and construction of hydropower projects is growing as hydropower generation does not emit air pollutants or other global warming gases, thus contributing to the rising demand for electricity generated through hydro turbines, especially in emerging economies, which is boosting the hydro turbine market. Hydropower has an advantage over wind power because water is denser than air; therefore, to rotate the turbine, collecting the mechanical energy of wind requires the greater force of wind than for water in a hydropower system. Developing countries therefore prefer hydropower projects which in turn is driving the hydro turbine market. Moreover, marine and hydrokinetic (MHK) technologies transform the energy of waves of ocean and river currents into electricity. MHK technologies hold significant potential to supply renewable electricity to consumers in coastal load centers, and are therefore expected to create huge opportunity for the hydro turbine market. In saturated markets such as Europe and North America, technologically advanced equipment are mostly preferred for hydropower projects. Along with these, modern technologies such as phone applications, drones, and computer models are offering opportunities for hydro project owners.
One of the major challenges affecting the growth of the hydro turbine market is environmental concern. In hydropower projects, the upstream flows are trapped behind a reservoir which can reduce the flow in rivers downstream. Additionally, lowering the flow in a river can degrade the habitat for plants and animals as it can alter water temperatures. Water quality can also get impacted as less water in the river reduces oxygen levels. Further, hydropower results in diversion of natural river flow, impacting the aquatic species and downstream riparian. These factors act as a barrier to the growth of the hydro turbine market in the renewable energy sector.
Rising requirement for renewable energy in emerging economies is anticipated to create good growth opportunity for hydro turbine manufacturers. Emerging markets offer a potentially strong growth opportunity for renewable energy in the next few years. The competitiveness of such energy sources in countries which need to increase productive capacity to keep up with economic growth rates makes hydropower an increasingly sought after energy option. Flexibility of technologies also makes hydropower projects a more competitive option for direct supply to business or industrial sectors, especially when access to the grid is difficult, which is often the case in emerging markets.
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.
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Section 15. Key Takeaways
List of Figures
Figure 1: Global Hydro Turbine Market, by Type, Units, 2016-2027
Figure 2: Global Hydro Turbine Market, by Type, US$ Mn, 2016-2027
Figure 3: Global Hydro Turbine Market, by Type, Incremental Opportunity, 2017
Figure 4: Global Hydro Turbine Market, by Installation Site, Units, 2016-2027
Figure 5: Global Hydro Turbine Market, by Installation Site, US$ Mn, 2016-2027
Figure 6: Global Hydro Turbine Market, by Installation Site, Incremental Opportunity, 2017
Figure 7: Global Hydro Turbine Market, by Head Type, Units, 2016-2027
Figure 8: Global Hydro Turbine Market, by Head Type, US$ Mn, 2016-2027
Figure 9: Global Hydro Turbine Market, by Head Type, Incremental Opportunity, 2017
Figure 10: Global Hydro Turbine Market, by Region, Units, 2016-2027
Figure 11: Global Hydro Turbine Market, by Region, US$ Mn, 2016-2027
Figure 12: Global Hydro Turbine Market, by Region, Incremental Opportunity, 2017
Figure 13: North America Hydro Turbine Market, by Type, Units, 2016-2027
Figure 14: North America Hydro Turbine Market, by Type, US$ Mn, 2016-2027
Figure 15: North America Hydro Turbine Market, by Type, Incremental Opportunity, 2017
Figure 16: North America Hydro Turbine Market, by Installation Site, Units, 2016-2027
Figure 17: North America Hydro Turbine Market, by Installation Site, US$ Mn, 2016-2027
Figure 18: North America Hydro Turbine Market, by Installation Site, Incremental Opportunity, 2017
Figure 19: North America Hydro Turbine Market, by Head Type, Units, 2016-2027
Figure 20: North America Hydro Turbine Market, by Head Type, US$ Mn, 2016-2027
Figure 21: North America Hydro Turbine Market, by Head Type, Incremental Opportunity, 2017
Figure 22: North America Hydro Turbine Market, by Country, Units, 2016-2027
Figure 23: North America Hydro Turbine Market, by Country, US$ Mn, 2016-2027
Figure 24: North America Hydro Turbine Market, by Country, Incremental Opportunity, 2017
Figure 25: Europe Hydro Turbine Market, by Type, Units, 2016-2027
Figure 26: Europe Hydro Turbine Market, by Type, US$ Mn, 2016-2027
Figure 27: Europe Hydro Turbine Market, by Type, Incremental Opportunity, 2017
Figure 28: Europe Hydro Turbine Market, by Installation Site, Units, 2016-2027
Figure 29: Europe Hydro Turbine Market, by Installation Site, US$ Mn, 2016-2027
Figure 30: Europe Hydro Turbine Market, by Installation Site, Incremental Opportunity, 2017
Figure 31: Europe Hydro Turbine Market, by Head Type, Units, 2016-2027
Figure 32: Europe Hydro Turbine Market, by Head Type, US$ Mn, 2016-2027
Figure 33: Europe Hydro Turbine Market, by Head Type, Incremental Opportunity, 2017
Figure 34: Europe Hydro Turbine Market, by Country, Units, 2016-2027
Figure 35: Europe Hydro Turbine Market, by Country, US$ Mn, 2016-2027
Figure 36: Europe Hydro Turbine Market, by Country, Incremental Opportunity, 2017
Figure 37: Asia Pacific Hydro Turbine Market, by Type, Units, 2016-2027
Figure 38: Asia Pacific Hydro Turbine Market, by Type, US$ Mn, 2016-2027
Figure 39: Asia Pacific Hydro Turbine Market, by Type, Incremental Opportunity, 2017
Figure 40: Asia Pacific Hydro Turbine Market, by Installation Site, Units, 2016-2027
Figure 41: Asia Pacific Hydro Turbine Market, by Installation Site, US$ Mn, 2016-2027
Figure 42: Asia Pacific Hydro Turbine Market, by Installation Site, Incremental Opportunity, 2017
Figure 43: Asia Pacific Hydro Turbine Market, by Head Type, Units, 2016-2027
Figure 44: Asia Pacific Hydro Turbine Market, by Head Type, US$ Mn, 2016-2027
Figure 45: Asia Pacific Hydro Turbine Market, by Head Type, Incremental Opportunity, 2017
Figure 46: Asia Pacific Hydro Turbine Market, by Country, Units, 2016-2027
Figure 47: Asia Pacific Hydro Turbine Market, by Country, US$ Mn, 2016-2027
Figure 48: Asia Pacific Hydro Turbine Market, by Country, Incremental Opportunity, 2017
Figure 49: Middle East & Africa Hydro Turbine Market, by Type, Units, 2016-2027
Figure 50: Middle East & Africa Hydro Turbine Market, by Type, US$ Mn, 2016-2027
Figure 51: Middle East & Africa Hydro Turbine Market, by Type, Incremental Opportunity, 2017
Figure 52: Middle East & Africa Hydro Turbine Market, by Installation Site, Units, 2016-2027
Figure 53: Middle East & Africa Hydro Turbine Market, by Installation Site, US$ Mn, 2016-2027
Figure 54: Middle East & Africa Hydro Turbine Market, by Installation Site, Incremental Opportunity, 2017
Figure 55: Middle East & Africa Hydro Turbine Market, by Head Type, Units, 2016-2027
Figure 56: Middle East & Africa Hydro Turbine Market, by Head Type, US$ Mn, 2016-2027
Figure 57: Middle East & Africa Hydro Turbine Market, by Head Type, Incremental Opportunity, 2017
Figure 58: Middle East & Africa Hydro Turbine Market, by Country, Units, 2016-2027
Figure 59: Middle East & Africa Hydro Turbine Market, by Country, US$ Mn, 2016-2027
Figure 60: Middle East & Africa Hydro Turbine Market, by Country, Incremental Opportunity, 2017
Figure 61: South America Hydro Turbine Market, by Type, Units, 2016-2027
Figure 62: South America Hydro Turbine Market, by Type, US$ Mn, 2016-2027
Figure 63: South America Hydro Turbine Market, by Type, Incremental Opportunity, 2017
Figure 64: South America Hydro Turbine Market, by Installation Site, Units, 2016-2027
Figure 65: South America Hydro Turbine Market, by Installation Site, US$ Mn, 2016-2027
Figure 66: South America Hydro Turbine Market, by Installation Site, Incremental Opportunity, 2017
Figure 67: South America Hydro Turbine Market, by Head Type, Units, 2016-2027
Figure 68: South America Hydro Turbine Market, by Head Type, US$ Mn, 2016-2027
Figure 69: South America Hydro Turbine Market, by Head Type, Incremental Opportunity, 2017
Figure 70: South America Hydro Turbine Market, by Country, Units, 2016-2027
Figure 71: South America Hydro Turbine Market, by Country, US$ Mn, 2016-2027
Figure 72: South America Hydro Turbine Market, by Country, Incremental Opportunity, 2017
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