Global Water Turbine Market: Overview

Water turbine is often called as hydro turbine. Water turbines are considered to be the heart of any hydro power plant. A water turbine is a rotary machine that converts kinetic energy and potential energy of water into mechanical work. Water turbines provide energy with a low impact on the environment. A water turbine is generally considered clean power producer, as the turbine causes essentially no change to the water. Water turbines use a renewable energy source. Several countries have started installation of power plants in order to cater to the increasing demand for energy. High-capacity water turbines are utilized for generation of electricity. In the conventional methods of power generation, fossil fuel is used. However, fossil fuel is a non-renewable source of energy and its use causes pollution. Hence, pressure to shift toward renewable energy sources has been intensifying. Industries are increasingly adopting renewable sources of energy such as water, solar, and wind. Water turbines are connected to electric generators for the generation of electricity and they can serve as auxiliary power units. Water turbines are employed for distribution, conversion, production, and efficient usage of electricity.

Global Water Turbine Market: Key Segments

The water turbine market can be segmented based on design, application, and region. Based on design, the market can be segmented into reaction turbine and impulse turbine. Reaction turbines are of the following types: Gorglow, Tyson, Kaplan, and Francis. Impulse turbines are of the following types: Archimedes screw, Jonval turbine, water wheel, turgo wheel, and pelton wheel. Applications of water turbines are aeronautics, marine, power storage, and power generation.

Increasing use of water turbines as they employ an alternative energy source is a major driver of the water turbine market. Advancements and technological inventions are leading to reduction in manufacturing costs. Environmental regulations and government subsidies lead to curb pollution. Increasing demand for water turbines due to their eco-friendly power generation is a major factor driving the market for water turbines.

High cost of production is poised to be a major restraint of the global water turbine market during the forecast period. Generation of power is still much dependent on fossil fuels such as coal, oil, and natural gas. Moreover, safety of the crew needs to be considered during the installation of water turbines. Maintenance costs of water turbines are high.

Global Water Turbine Market: Regional Analysis

In terms of region, countries in Asia Pacific such as India, China, Singapore, and Japan are emerging markets for water turbines, due to rapid urbanization and industrialization in these countries. Countries in Europe, such as the U.K., Germany, and France, have witnessed high demand for water turbines in the last few years, due to eco-friendly energy norms imposed by governments of these countries. Demand for water turbines for use in power generation is increasing significantly in North America. Governments are offering subsidies on water turbines in order to curb environmental pollution. Countries in Africa and Latin America are recovering from economic slowdown and hence, the water turbine market in these countries is likely to expand at a sluggish pace during the forecast period.

Global Water Turbine Market: Key Players

Key players operating in the global water turbine market are General Electric, Inc., Alterra Power Corporation, Wartsila Corporation, Sumitomo Corporation, The James Leffel & Co., Calphine Corporation, and Enel Spa.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.


Water Turbine Market

Pre Book