The Hydropower Turbine Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Hydropower Turbine Market?
The market size of the hydropower turbine has seen significant growth in recent years. It is forecasted to increase from $2.04 billion in 2024 and reach $2.17 billion by 2025. This reflects a compound annual growth rate (CAGR) of 6.3% .
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Hydropower Turbine Industry?
The global hydropower turbine market is anticipated to reach a value of $2.63 billion in 2029, growing at a compound annual growth rate (CAGR) of 4.9%.
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What are the Key Growth Drivers Fueling the Hydropower Turbine Market?
The key drivers in the hydropower turbine market are:
• Government incentives and policies favorable towards hydropower turbines
• Rising demand for renewable energy sources
• Ongoing development of infrastructure
• Cost competitiveness of hydropower turbines
• Dependable and baseload power generation capabilities of hydropower turbines
• Advances in hydropower turbine technology
• Rural electrification initiatives powered by hydropower
• Retrofitting and upgrading efforts in the hydropower sector.
Global Market Segmentation: Identifying Major Hydropower Turbine Industry Segments
The hydropower turbine market covered in this report is segmented –
1) By Type: Reactive, Impulse, Gravity, Other Types
2) By Head Type: Low Head Turbine (Upto 30m), Medium Head Turbine (30-300m), High Head Turbine (above 300m)
3) By Installation: Small (Upto 1MW), Medium (1MW-10MW), Large Hydro Power Plant (Above 10 MW)
4) By Application: Power Generation, Power Storage, Marine, Aeronautics
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What are the Emerging Trends Shaping the Future of the Hydropower Turbine Market?
The key trends in the hydropower turbine market are:
• Product development is an emerging trend in the hydropower turbine global market.
• Technological advancements are playing a crucial role in shaping the future of this market.
• The shift towards hydropower-led rural electrification is gaining momentum.
• Upgrading and retrofitting of hydropower systems is becoming a significant trend.
Who Are the Top Competitors & Leading Players in the Hydropower Turbine Market?
Major companies in the hydropower turbine market are:
• General Electric
• Toshiba Corporation
• Andritz AG
• Fuji Electric Co. Ltd.
• Dongfang Electric Corporation Ltd.
• Voith Group
• Harbin Electric Corporation
• Ansaldo Energia SpA
• UCM Resita SA
• Gammon India Ltd.
• IMPSA SA
• Tyazhmash AO
• Azad Engineering Company
• Gilbert Gilkes and Gordon Ltd.
• MAX-tec Wasserkraft AG
• Wasserkraft Volk AG
• HS Dynamic Energy Co.Ltd.
• Addnew Technologies Limited
• Alps Power Technologies (P) Limited
• Entec AG
• Derwent Hydro
• Evans Engineering Ltd.
• Heidra Ltd.
• Zhefu Holding Group Co Ltd.
• ProViento S.A.
Regional Dominance: Which Area Leads the Global Hydropower Turbine Market?
Asia-Pacific was the largest region in the hydropower turbine market in 2024
