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Hydraulic Turbine Market Size & Share, By Type Of Turbine, By Head Type, By Application, By Regional Forecast, Industry Players, Growth Statistics Report 2024-2035

Report ID: FBI 2183


Published Date: Mar-2024


Format : PDF, Excel

Market Outlook:

Hydraulic Turbine Market size exceeded USD 1.29 Billion in 2023 and is projected to cross USD 2.47 Billion by 2035, growing at over 8.32% CAGR from 2024 to 2035.

Base Year Value (2023)

USD 1.29 Billion

19-23 x.x %
24-35 x.x %

CAGR (2024-2035)


19-23 x.x %
24-35 x.x %

Forecast Year Value (2035)

USD 2.47 Billion

19-23 x.x %
24-35 x.x %
Hydraulic Turbine Market

Historical Data Period


Hydraulic Turbine Market

Largest Region


Hydraulic Turbine Market

Forecast Period


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Market Dynamics:

Growth Drivers & Opportunity

The global hydraulic turbine market is expected to experience significant growth over the forecast period, driven by a number of factors. One of the key growth drivers for the market is the increasing focus on renewable energy sources. As governments and organizations around the world continue to prioritize sustainability and environmental protection, the demand for clean energy sources such as hydropower has been on the rise. This has led to an increasing number of hydropower projects being undertaken, which in turn has boosted the demand for hydraulic turbines.

Furthermore, the growing need for energy security and the rising awareness about the adverse effects of fossil fuels on the environment have also contributed to the growth of the hydraulic turbine market. As countries seek to reduce their reliance on non-renewable energy sources, the demand for hydropower generation is expected to increase, creating lucrative opportunities for hydraulic turbine manufacturers.

Industry Restraints & Challenges

Report Scope

Report CoverageDetails
Segments CoveredBy Type Of Turbine, Head Type, Application
Regions Covered• North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company ProfiledThe General Electric Co., ANDRITZ AG, Toshiba Energy, Harbin Electric Machinery, Siemens AG, and Kirloskar Brothers.

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Despite the favorable market conditions, the hydraulic turbine industry is not without its challenges. One of the key restraints for the market is the high upfront costs associated with hydropower projects. Developing hydropower infrastructure requires significant investments in equipment and construction, which can act as a deterrent for potential investors and project developers. Additionally, the long gestation period for hydropower projects can also pose a challenge, as it requires a substantial amount of time for the infrastructure to be built and commissioned.

Another potential challenge for the hydraulic turbine market is the regulatory hurdles and environmental considerations associated with hydropower projects. Obtaining the necessary permits and approvals for constructing hydropower facilities can be a complex and time-consuming process, which can hinder the growth of the market. Additionally, concerns about the impact of hydropower on local ecosystems and biodiversity have led to increased scrutiny and opposition to new hydropower projects in some regions.

Report Coverage & Deliverables

Historical Statistics Growth Forecasts Latest Trends & Innovations Market Segmentation Regional Opportunities Competitive Landscape
Hydraulic Turbine Market
Hydraulic Turbine Market

Regional Forecast:

North America

North America is expected to witness steady growth in the hydraulic turbine market, driven by the increasing adoption of renewable energy sources and the favorable regulatory environment for hydropower projects. The United States, in particular, has a significant potential for hydropower generation, and the government has been taking steps to support the development of new hydropower facilities. The growing focus on upgrading and modernizing existing hydropower infrastructure in the region is also expected to create opportunities for hydraulic turbine manufacturers.

Asia Pacific

The Asia Pacific region is poised to be a major growth market for hydraulic turbines, owing to the rapid industrialization and urbanization in countries such as China and India. These countries are investing heavily in hydropower projects to meet their growing energy demands and reduce their reliance on fossil fuels. Additionally, the availability of abundant water resources in the region presents a favorable environment for hydropower generation, further driving the demand for hydraulic turbines.


Europe is expected to witness steady growth in the hydraulic turbine market, supported by the increasing focus on sustainable energy and the presence of mature hydropower markets in countries such as Norway and Sweden. The European Union's ambitious targets for renewable energy generation are also expected to drive the demand for hydraulic turbines in the region. Furthermore, the ongoing modernization and upgrade of existing hydropower infrastructure in Europe are expected to create opportunities for hydraulic turbine manufacturers.

In conclusion, the global hydraulic turbine market is poised for significant growth, driven by the increasing focus on renewable energy sources and the rising demand for clean energy generation. While there are challenges and restraints that the industry must contend with, the overall outlook for the hydraulic turbine market is positive, especially in regions such as North America, Asia Pacific, and Europe. With the right strategic initiatives and innovations, hydraulic turbine manufacturers can capitalize on the growing opportunities in the market and establish a strong foothold in the renewable energy sector.

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Segmentation Analysis:

Hydraulic turbines market can be segmented based on type, capacity, and application.


• Kaplan Turbines

Kaplan turbines are known for their high efficiency and adaptability to a wide range of operating conditions. They are particularly suitable for low to medium head applications and have a vertical shaft orientation. Kaplan turbines are widely used in run-of-river and tidal power plants, offering excellent performance and reliability.


• Small-Scale Hydraulic Turbines

Small-scale hydraulic turbines are designed for decentralized power generation, catering to remote areas or communities with limited access to the grid. These turbines typically have a capacity of up to 10 MW and can harness the power of small rivers or streams to generate electricity. Small-scale hydraulic turbines play a crucial role in promoting energy access and sustainability in off-grid regions.


• Hydropower Plants

Hydropower plants are the primary application area for hydraulic turbines, accounting for a significant market share. These plants harness the energy of flowing water to generate electricity, providing a clean and sustainable power source. Hydraulic turbines play a pivotal role in converting hydraulic energy into mechanical energy, which is further converted into electrical energy through generators in hydropower plants.

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Competitive Landscape:

The hydraulic turbine market is characterized by the presence of several key players, each contributing to the market's growth and innovation. Some of the prominent companies operating in the market include:

• General Electric Company

General Electric Company is a leading player in the hydraulic turbine market, offering a diverse range of turbine solutions to meet the varying needs of hydropower projects. The company's advanced turbine technologies and expertise in power generation position it as a significant contributor to the market's development.

• Andritz AG

Andritz AG is a global supplier of plants, equipment, and services for hydropower generation. The company's portfolio includes a wide array of hydraulic turbine offerings, catering to different types of hydropower applications. Andritz's commitment to sustainable energy solutions and continuous innovation solidifies its position in the competitive landscape.

• Voith Group

Voith Group is a renowned name in the hydropower industry, providing high-performance hydraulic turbines for efficient power generation. The company's expertise in turbine design and manufacturing, coupled with its emphasis on environmental sustainability, makes it a key player in the market.

• Toshiba Corporation

Toshiba Corporation has a strong presence in the hydraulic turbine market, offering cutting-edge turbine technologies for various hydropower projects. The company's focus on delivering reliable and cost-effective turbine solutions aligns with the market demands, contributing to its competitive stance.

• Harbin Electric Corporation

Harbin Electric Corporation is a prominent player in the hydraulic turbine market, known for its comprehensive range of turbine products and services. The company's commitment to technological advancement and project execution capabilities enhances its competitive position in the market.

In conclusion, the hydraulic turbine market is witnessing robust growth driven by the increasing adoption of renewable energy sources and the demand for clean power generation. With a focus on technological advancements, market players are continually innovating to meet the evolving needs of hydropower projects and sustainable energy initiatives. The market's segmentation based on type, capacity, and application provides valuable insights into the diverse range of hydraulic turbine solutions available, catering to various project requirements. Furthermore, the competitive landscape showcases the key players contributing to the market's expansion and their efforts in driving innovation and sustainable energy development.

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Hydraulic Turbine Market Size & Share, By Type Of ...

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