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Hydropower Turbine Market | Covid-19 Impact Analysis
The Hydropower Turbine Market is segmented by Capacity Type (≤1 MW, 1 - 10 MW, and >10 MW), by Product Type (Impulse, Reaction), by Head Type (2–25 m, 25–70 m, and >70 m), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
Hydropower turbine market is likely to witness an impressive CAGR of 7.9% during the forecast period. The major factor contributing to the demand for hydropower turbines is the growing demand for clean energy.
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Hydropower Turbine Market – Snapshot |
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Growth |
7.9% for the next five years |
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Key Capacity Type |
>10 MW |
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Dominant Product Type |
Impulse |
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Lucrative Head Type |
2-25 m |
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Region with the highest demand |
Asia-Pacific |
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Key Players |
General Electric, Siemens AG, Toshiba Corporation, Kirloskar Brothers Limited, Capstone Turbine, Wartsila, IMPSA, Voith, and WWS Wasserkraft GmbH |
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Based on the capacity type, the market is segmented as ≤1 MW, 1 - 10 MW, and >10 MW. The >10 MW segment is estimated to maintain its dominance over the forecast period, owing to the growing demand for the uninterrupted power supplies from communities in off-grid areas.
Based on the product type, the market is segmented as impulse and reaction. The impulse segment accounted for the larger share of the market in 2019, and is expected to maintain its leading position, during the forecast period. The growth of the segment is owing to its cost effectiveness and low maintenance.
Based on the head type, the market is segmented as 2–25 m, 25–70 m, and >70 m. The 2-25 m segment is likely to grow with the highest CAGR over the forecast period driven by low construction expense, low impact on environment, and low risk of flash flood.
In terms of regions, Asia-Pacific is estimated to be the largest market. The Asia-Pacific’s market is expected to grow with a lucrative CAGR during the forecast period. The growth of the region’s market is attributed to rapid industrial development and supportive government initiatives.
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Some of the major players in the hydropower turbine market are-
Hydropower turbines are the means to produce electricity. In hydropower turbines, where mechanical energy is created as the moving water spins rotors on a turbine. This energy is converted to electrical energy for further transmission.
The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Hydropower Turbine Market Research Report – Features |
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Market Segmentation |
4 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
17 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
8 |
The hydropower turbine market is segmented into the following categories.
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This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].
The hydropower turbine market is expected to witness an impressive growth of 7.9% CAGR in the foreseeable future.
General Electric, Siemens AG, Toshiba Corporation, Kirloskar Brothers Limited, Capstone Turbine, Wartsila, IMPSA, Voith, and WWS Wasserkraft GmbH are among the key players in the hydropower turbine market.
Asia-Pacific is expected to be the largest hydropower turbine market during the next five years.
The impulse segment is expected to remain dominant in the hydropower turbine market in the coming years.
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