The Hydropower Turbine Market size was valued at USD 2.33 billion in 2023 and is expected to grow to USD 3.55 billion by 2031 and grow at a CAGR of 5.4% over the forecast period of 2024-2031.
The "head" or height of the standing water and the flow, or volume of water over time, at the site are the two factors that determine the type of hydropower turbine that will be used for a project. Cost, turbine efficiency, and the depth at which the turbine must be installed are further determining considerations. When a runner is positioned directly in the water stream, water flows over the blades as opposed to striking them one at a time. Reaction turbines are the most common type of turbine utilized at sites with higher flows and lower heads.
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The most prevalent kind currently utilized in the United States has a taller head and higher flows. The basic principle behind a hydropower turbine is similar to that of a wind turbine, were the movement of air (wind) turns the turbine blades, generating electricity. In the case of a hydropower turbine, the force of moving water, either from a river, dam, or other water ‘Sources, causes the turbine blades to rotate. The rotation of the turbine is then transferred to a generator, which produces electrical energy. There are several types of hydropower turbines, each designed to work optimally under different water flow conditions. Some common types include Francis Turbine, this type of turbine is suitable for medium to high water heads and moderate to high flow rates. It has both radial and axial flow components and is commonly used in hydroelectric power plants. Kaplan turbines are ideal for low to medium water heads and high flow rates. They have adjustable blades, allowing for better efficiency over a wide range of operating conditions.
KEY DRIVERS:
Increasing need for clean energy power generation technology
Rising demand for electricity
Rising Demand for Cheap Electricity
Since hydropower generation doesn't produce greenhouse gases or other air pollutants, it has become more common to build and implement hydropower projects as a superior renewable source of electricity. Up to 90% of the energy in water can be converted into electric energy by hydro turbines. The cost of producing hydroelectricity has decreased as a result of technological advancements and great efficiency. The price of According to estimates, the cost of producing hydropower is around 40% less than it would be if fossil fuels were used.
RESTRAIN:
High Upfront cost
OPPORTUNITY:
Flexible in Technology
Growing demand for renewable energy and clean energy
CHALLENGES:
Technological innovation and rapid development
The market will be driven by rising investments made in replacing outdated, dirty, and unsustainable power generation techniques. For instance, the European Union's authorities have set goals to reduce carbon by encouraging the use of renewable resources, it is possible to reduce emissions levels by 20% by 2020. The market will grow as a result of ongoing technological advancements in turbine design and the incorporation of IIOT devices to increase efficiency. By integrating a tiny hydropower generator into an existing water channel, electricity may be produced effectively.
IMPACT OF ONGOING RECESSION
Manufacturing for clean energy is a field that is becoming more and more significant both domestically and internationally. It has been promoted as a source of new employment opportunities in the United States in a sector of the economy that was severely affected by the recession. The U.S. Department of Energy (DOE) sponsors the Clean Energy Manufacturing Analysis Centre (CEMAC), which carries out reliable, impartial, timely, consistent, and industry-relevant studies of clean energy technology. In this project, the National Renewable Energy Laboratory (NREL) and Oak Ridge National Laboratory (ORNL) worked together to conduct a manufacturing and supply chain analysis of hydropower, with a focus on the small hydropower (SHP) market in the United States. The goal was to gain knowledge about supply chain limitations, manufacturing costs, location factors, and opportunities for hydropower using advanced manufacturing technologies.
By Head Type
Low Head
Medium Head
High Head
By Type
Impulse Turbine
Pelton Turbine
Cross Flow Turbine
Reaction Turbine
Kaplan Turbine
Francis Turbine
Bulb Turbine
By Installation Site
Pico Hydro Plants
Micro Hydro Plants
Mini Hydro Plants
Large Hydro Plants
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The North American, European, Asian Pacific, Latin American, Middle Eastern, and African segments of the worldwide hydro turbine market. The largest source of renewable energy in North America, which primarily consists of hydroelectric power, is found in the United States and Canada. 7% of the total electricity generated is produced by hydroelectric power plants. The market for hydro turbines is anticipated to rise as a result of emerging technologies and growing attention to renewable energy sources.
In northern Europe and the Alpine region, hydropower is an established technology. In terms of producing hydroelectricity, nations like Norway, Sweden, France, Italy, and Austria are at the top of the list in Europe. Investing in refurbished and modernized existing facilities is a current trend in pumped storage hydro small stations to reduce environmental concerns.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
The 'Renewable Energy Aggregation Service' was introduced by Toshiba Energy Systems & Solutions in May 2022 as a help service for renewable energy power producers. By FY 2025, Toshiba Group hopes to have generated sales from the whole VPP business of over 21 billion yen.
In October 2021, Siemens Energy and Voith Hydro, a German technology business with a focus on hydropower, formed a joint venture. Siemens Energy is expected to be able to concentrate primarily on transferring and storing energy, decarbonizing industrial processes, and producing electricity as a result of this with little to no emissions of CO2.
The Major Players are Harbin Electric Machinery, WWSs Wasserkraft GmbH, Gilbert Gilkes & Gordon Ltd., Siemer AG, Canyon Industries Inc., ANDRITZ AG, General Electric Co., Cornell Pump Co., Toshiba Energy. Kirloskar Brothers Ltd. and Other Players
| Report Attributes | Details |
| Market Size in 2023 | US$ 2.33 Bn |
| Market Size by 2031 | US$ 3.55 Bn |
| CAGR | CAGR of 5.4 % From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Head Type (Low Head, Medium Head, High Head) • By Type (Impulse Turbine, Reaction Turbine) • By Installation Site (Pico Hydro Plants, Micro Hydro Plants, Mini Hydro Plants, Large Hydro Plants) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Harbin Electric Machinery, WWSs Wasserkraft GmbH, Gilbert Gilkes & Gordon Ltd., Siemer AG, Canyon Industries Inc., ANDRITZ AG, General Electric Co., Cornell Pump Co., Toshiba Energy. Kirloskar Brothers Ltd. |
| Key Drivers | • Increasing need for clean energy power generation technology • Rising demand for electricity • Rising Demand for Cheap Electricity |
| Market Restraints | • High Upfront cost |
Ans: Hydropower Turbine Market is anticipated to expand by 5.2 % from 2023 to 2030.
Ans: USD 3.33 billion is expected to grow by 2030.
Ans: Hydropower Turbine Market size was valued at USD 2.22 billion in 2022
Ans: Flexible in Technology and Growing demand for renewable energy and clean energy
Ans: Technological innovation and rapid development
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Ukraine- Russia war
4.2 Impact of ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Hydropower Turbine Market Segmentation, By Head Type
8.1 Low Head
8.2 Medium Head
8.3 High Head
9. Hydropower Turbine Market Segmentation, By Type
9.1 Impulse Turbine
9.1.1 Pelton Turbine
9.1.2 Cross Flow Turbine
9.2 Reaction Turbine
9.2.1 Kaplan Turbine
9.2.2 Francis Turbine
9.2.3 Bulb Turbine
10. Hydropower Turbine Market Segmentation, By Installation Site
10.1 Pico Hydro Plants
10.2 Micro Hydro Plants
10.3 Mini Hydro Plants
10.4 Large Hydro Plants
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Hydropower Turbine Market by Country
11.2.2North America Hydropower Turbine Market by Head Type
11.2.3 North America Hydropower Turbine Market by Type
11.2.4 North America Hydropower Turbine Market by Installation Site
11.2.5 USA
11.2.5.1 USA Hydropower Turbine Market by Head Type
11.2.5.2 USA Hydropower Turbine Market by Type
11.2.5.3 USA Hydropower Turbine Market by Installation Site
11.2.6 Canada
11.2.6.1 Canada Hydropower Turbine Market by Head Type
11.2.6.2 Canada Hydropower Turbine Market by Type
11.2.6.3 Canada Hydropower Turbine Market by Installation Site
11.2.7 Mexico
11.2.7.1 Mexico Hydropower Turbine Market by Head Type
11.2.7.2 Mexico Hydropower Turbine Market by Type
11.2.7.3 Mexico Hydropower Turbine Market by Installation Site
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Eastern Europe Hydropower Turbine Market by Country
11.3.1.2 Eastern Europe Hydropower Turbine Market by Head Type
11.3.1.3 Eastern Europe Hydropower Turbine Market by Type
11.3.1.4 Eastern Europe Hydropower Turbine Market by Installation Site
11.3.1.5 Poland
11.3.1.5.1 Poland Hydropower Turbine Market by Head Type
11.3.1.5.2 Poland Hydropower Turbine Market by Type
11.3.1.5.3 Poland Hydropower Turbine Market by Installation Site
11.3.1.6 Romania
11.3.1.6.1 Romania Hydropower Turbine Market by Head Type
11.3.1.6.2 Romania Hydropower Turbine Market by Type
11.3.1.6.4 Romania Hydropower Turbine Market by Installation Site
11.3.1.7 Turkey
11.3.1.7.1 Turkey Hydropower Turbine Market by Head Type
11.3.1.7.2 Turkey Hydropower Turbine Market by Type
11.3.1.7.3 Turkey Hydropower Turbine Market by Installation Site
11.3.1.8 Rest of Eastern Europe
11.3.1.8.1 Rest of Eastern Europe Hydropower Turbine Market by Head Type
11.3.1.8.2 Rest of Eastern Europe Hydropower Turbine Market by Type
11.3.1.8.3 Rest of Eastern Europe Hydropower Turbine Market by Installation Site
11.3.2 Western Europe
11.3.2.1 Western Europe Hydropower Turbine Market by Head Type
11.3.2.2 Western Europe Hydropower Turbine Market by Type
11.3.2.3 Western Europe Hydropower Turbine Market by Installation Site
11.3.2.4 Germany
11.3.2.4.1 Germany Hydropower Turbine Market by Head Type
11.3.2.4.2 Germany Hydropower Turbine Market by Type
11.3.2.4.3 Germany Hydropower Turbine Market by Installation Site
11.3.2.5 France
11.3.2.5.1 France Hydropower Turbine Market by Head Type
11.3.2.5.2 France Hydropower Turbine Market by Type
11.3.2.5.3 France Hydropower Turbine Market by Installation Site
11.3.2.6 UK
11.3.2.6.1 UK Hydropower Turbine Market by Head Type
11.3.2.6.2 UK Hydropower Turbine Market by Type
11.3.2.6.3 UK Hydropower Turbine Market by Installation Site
11.3.2.7 Italy
11.3.2.7.1 Italy Hydropower Turbine Market by Head Type
11.3.2.7.2 Italy Hydropower Turbine Market by Type
11.3.2.7.3 Italy Hydropower Turbine Market by Installation Site
11.3.2.8 Spain
11.3.2.8.1 Spain Hydropower Turbine Market by Head Type
11.3.2.8.2 Spain Hydropower Turbine Market by Type
11.3.2.8.3 Spain Hydropower Turbine Market by Installation Site
11.3.2.9 Netherlands
11.3.2.9.1 Netherlands Hydropower Turbine Market by Head Type
11.3.2.9.2 Netherlands Hydropower Turbine Market by Type
11.3.2.9.3 Netherlands Hydropower Turbine Market by Installation Site
11.3.2.10 Switzerland
11.3.2.10.1 Switzerland Hydropower Turbine Market by Head Type
11.3.2.10.2 Switzerland Hydropower Turbine Market by Type
11.3.2.10.3 Switzerland Hydropower Turbine Market by Installation Site
11.3.2.11.1 Austria
11.3.2.11.2 Austria Hydropower Turbine Market by Head Type
11.3.2.11.3 Austria Hydropower Turbine Market by Type
11.3.2.11.4 Austria Hydropower Turbine Market by Installation Site
11.3.2.12 Rest of Western Europe
11.3.2.12.1 Rest of Western Europe Hydropower Turbine Market by Head Type
11.3.2.12.2 Rest of Western Europe Hydropower Turbine Market by Type
11.3.2.12.3 Rest of Western Europe Hydropower Turbine Market by Installation Site
11.4 Asia-Pacific
11.4.1 Asia-Pacific Hydropower Turbine Market by Country
11.4.2 Asia-Pacific Hydropower Turbine Market by Head Type
11.4.3 Asia-Pacific Hydropower Turbine Market by Type
11.4.4 Asia-Pacific Hydropower Turbine Market by Installation Site
11.4.5 China
11.4.5.1 China Hydropower Turbine Market by Head Type
11.4.5.2 China Hydropower Turbine Market by Installation Site
11.4.5.3 China Hydropower Turbine Market by Type
11.4.6 India
11.4.6.1 India Hydropower Turbine Market by Head Type
11.4.6.2 India Hydropower Turbine Market by Type
11.4.6.3 India Hydropower Turbine Market by Installation Site
11.4.7 Japan
11.4.7.1 Japan Hydropower Turbine Market by Head Type
11.4.7.2 Japan Hydropower Turbine Market by Type
11.4.7.3 Japan Hydropower Turbine Market by Installation Site
11.4.8 South Korea
11.4.8.1 South Korea Hydropower Turbine Market by Head Type
11.4.8.2 South Korea Hydropower Turbine Market by Type
11.4.8.3 South Korea Hydropower Turbine Market by Installation Site
11.4.9 Vietnam
11.4.9.1 Vietnam Hydropower Turbine Market by Head Type
11.4.9.2 Vietnam Hydropower Turbine Market by Type
11.4.9.3 Vietnam Hydropower Turbine Market by Installation Site
11.4.10 Singapore
11.4.10.1 Singapore Hydropower Turbine Market by Head Type
11.4.10.2 Singapore Hydropower Turbine Market by Type
11.4.10.3 Singapore Hydropower Turbine Market by Installation Site
11.4.11 Australia
11.4.11.1 Australia Hydropower Turbine Market by Head Type
11.4.11.2 Australia Hydropower Turbine Market by Type
11.4.11.3 Australia Hydropower Turbine Market by Installation Site
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific Hydropower Turbine Market by Head Type
11.4.12.2 Rest of Asia-Pacific Hydropower Turbine Market by Type
11.4.12.3 Rest of Asia-Pacific Hydropower Turbine Market by Installation Site
11.5 Middle East & Africa
11.5.1 Middle East
11.5.1.1 Middle East Hydropower Turbine Market by Country
11.5.1.2 Middle East Hydropower Turbine Market by Head Type
11.5.1.3 Middle East Hydropower Turbine Market by Type
11.5.1.4 Middle East Hydropower Turbine Market by Installation Site
11.5.1.5 UAE
11.5.1.5.1 UAE Hydropower Turbine Market by Head Type
11.5.1.5.2 UAE Hydropower Turbine Market by Type
11.5.1.5.3 UAE Hydropower Turbine Market by Installation Site
11.5.1.6 Egypt
11.5.1.6.1 Egypt Hydropower Turbine Market by Head Type
11.5.1.6.2 Egypt Hydropower Turbine Market by Type
11.5.1.6.3 Egypt Hydropower Turbine Market by Installation Site
11.5.1.7 Saudi Arabia
11.5.1.7.1 Saudi Arabia Hydropower Turbine Market by Head Type
11.5.1.7.2 Saudi Arabia Hydropower Turbine Market by Type
11.5.1.7.3 Saudi Arabia Hydropower Turbine Market by Installation Site
11.5.1.8 Qatar
11.5.1.8.1 Qatar Hydropower Turbine Market by Head Type
11.5.1.8.2 Qatar Hydropower Turbine Market by Type
11.5.1.8.3 Qatar Hydropower Turbine Market by Installation Site
11.5.1.9 Rest of Middle East
11.5.1.9.1 Rest of Middle East Hydropower Turbine Market by Head Type
11.5.1.9.2 Rest of Middle East Hydropower Turbine Market by Type
11.5.1.9.3 Rest of Middle East Hydropower Turbine Market by Installation Site
11.5.2 Africa
11.5.2.1 Africa Transfusion Diagnostics Market by Country
11.5.2.2 Africa Hydropower Turbine Market by Head Type
11.5.2.3 Africa Hydropower Turbine Market by Type
11.5.2.4 Africa Hydropower Turbine Market by Installation Site
11.5.2.5 Nigeria
11.5.2.5.1 Nigeria Hydropower Turbine Market by Head Type
11.5.2.5.2 Nigeria Hydropower Turbine Market by Type
11.5.2.5.3 Nigeria Hydropower Turbine Market by Installation Site
11.5.2.6 South Africa
11.5.2.6.1 South Africa Hydropower Turbine Market by Head Type
11.5.2.6.2 South Africa Hydropower Turbine Market by Type
11.5.2.6.3 South Africa Hydropower Turbine Market by Installation Site
11.5.2.7 Rest of Africa
11.5.2.7.1 Rest of Africa Hydropower Turbine Market by Head Type
11.5.2.7.2 Rest of Africa Hydropower Turbine Market by Type
11.5.2.7.3 Rest of Africa Hydropower Turbine Market by Installation Site
11.6 Latin America
11.6.1 Latin America Hydropower Turbine Market by Country
11.6.2 Latin America Hydropower Turbine Market by Head Type
11.6.3 Latin America Hydropower Turbine Market by Type
11.6.4 Latin America Hydropower Turbine Market by Installation Site
11.6.5 Brazil
11.6.5.1 Brazil America Hydropower Turbine Market by Head Type
11.6.5.2 Brazil America Hydropower Turbine Market by Type
11.6.5.3 Brazil America Hydropower Turbine Market by Installation Site
11.6.6 Argentina
11.6.6.1 Argentina America Hydropower Turbine Market by Head Type
11.6.6.2 Argentina America Hydropower Turbine Market by Type
11.6.6.3 Argentina America Hydropower Turbine Market by Installation Site
11.6.7 Colombia
11.6.7.1 Colombia America Hydropower Turbine Market by Head Type
11.6.7.2 Colombia America Hydropower Turbine Market by Type
11.6.7.3 Colombia America Hydropower Turbine Market by Installation Site
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Hydropower Turbine Market by Head Type
11.6.8.2 Rest of Latin America Hydropower Turbine Market by Type
11.6.8.3 Rest of Latin America Hydropower Turbine Market by Installation Site
12. Company profile
12.1 Harbin Electric Machinery
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 WWSs Wasserkraft GmbH
12.2.1 Company Overview
12.2.2 Financials
12.2.3 Product/Services Offered
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Gilbert Gilkes & Gordon Ltd.
12.3.1 Company Overview
12.3.2 Financials
12.3.3 Product/Services Offered
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Siemer AG
12.4.1 Company Overview
12.4.2 Financials
12.4.3 Product/Services Offered
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Canyon Industries Inc.
12.5.1 Company Overview
12.5.2 Financials
12.5.3 Product/Services Offered
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 ANDRITZ AG
12.6.1 Company Overview
12.6.2 Financials
12.6.3 Product/Services Offered
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 General Electric Co.
12.7.1 Company Overview
12.7.2 Financials
12.7.3 Product/Services Offered
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Cornell Pump Co.
12.8.1 Company Overview
12.8.2 Financials
12.8.3 Product/Services Offered
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Toshiba Energy
12.9.1 Company Overview
12.9.2 Financials
12.9.3 Product/Services Offered
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Kirloskar Brothers Ltd.
12.10.1 Company Overview
12.10.2 Financials
12.10.3 Product/Services Offered
12.10.4 SWOT Analysis
12.10.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. Use Case and Best Practices
15. Conclusion
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