LeapZipBlog: alok's blog: Hydro Turbine Market - Size is estimated to reach value US$ 3,020.3 Million by 2027

Hydro Turbine Market - Size is estimated to reach value US$ 3,020.3 Million by 2027

March 25, 2019 by alok  

The expanding database of Market Research Reports Search Engine (MRRSE) has been recently updated by the addition of a new study which is titled as “Hydro Turbine Market - Size is estimated to reach value US$ 3,020.3 Million by 2027”. The fact-based research report on the global Hydro Turbine market covers various aspects such as trends, drivers, challenges and opportunities that have an influence on the growth and expansion of the global market. All these factors are analyzed across key regions of Latin America, North America, Europe, Middle and Africa (MEA) and the Asia Pacific. In order to provide an accurate forecast, analysts have presented the current market, which forms the basis of how the metal caps and closures market is expected to develop in the future.

The report covers the entire overview of the market including the market dynamics such as drivers, restraints, opportunities, and trends that are predicted to leverage the existing nature and prospective status of this market. The relationship between diverse industries is explained under the ecosystem analysis. Furthermore, the several internal and external factors affecting the hydro turbine market are studied through the industry SWOT analysis. The competitive position of the hydro turbine market is studied through the Porter’s Five Forces Analysis. Additionally, current indicators of diverse macro-economic factors are contextualized under key market indicators. 

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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. 

The hydro turbine market has been provided in (US$ Mn) in terms of revenue and (Units) in terms of volume, as well as the CAGR (%) for the forecast period 2018 to 2027. The hydro turbine market is a global report studied on the basis of type, installation site, head type, and region. Additionally, under the regional sections, the price trend has been incorporated to ascertain the regional impact of the same. The incremental opportunity analysis has been figured out in order to determine the most attractive segment in the coming years.

The report also highlights the competitive landscape of the hydro turbine market, thereby positioning all the major players according to their geographic presence and recent key developments. The comprehensive hydro turbine market estimates are the result of our in-depth secondary research, primary interviews, and in-house expert panel reviews. These market estimates have been analyzed by taking into account the impact of different political, social, economic, technological, and legal factors along with the current market dynamics affecting the growth of the hydro turbine market. Besides, competition matrix and market share analysis has been included under the competitive landscape to understand the top players’ contribution to the hydro turbine market. Each company is studied on the basis of basic information, financial highlights, revenue highlights of regional contribution and segment contribution, and product portfolio. Additionally, the company strategy and recent developments if any are also incorporated under each company profile section. 

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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.

By Type

Impulse Turbine

Pelton Turbine

Cross Flow Turbine

Reaction Turbine

Kaplan Turbine

Francis Turbine

Bulb Turbine 

By 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) 

By Head Type

Low Head (Less than 30 m)

Medium Head (30 m to 300 m)

High Head (300 m to 1500 m) 

By Geography

North America

U.S.

Canada

Rest of North America

Europe

Germany

U.K.

France

Italy

Rest of Europe

Asia Pacific

China

Japan

India

Rest of Asia Pacific

Middle East & Africa (MEA)

GCC

South Africa

Rest of MEA

South America

Brazil

Rest of South America

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