Water Turbine market - Forecast(2023 - 2028)

Report Code: EPR 0080 Report Format: PDF + Excel

Water Turbine market Overview

The Water Turbine Market  size is set to grow at a CAGR of 4.50% during the forecast period 2022-2030 to reach "3,414 Million" by 2030.

The water turbine market refers to the global industry involved in the manufacturing, distribution, and installation of water turbines. Water turbines are machines that convert the energy of flowing or falling water into mechanical energy, which is then used to generate electricity or perform other mechanical work.

The water turbine market has experienced steady growth in recent years due to increasing demand for renewable energy sources and a shift toward sustainable power generation. Water turbines offer a reliable and environmentally friendly solution for hydropower generation, making them an attractive choice for governments, utility companies, and renewable energy developers.

The increasing global energy demand, coupled with concerns about energy security, is driving the need for new power generation capacity. Water turbines provide a reliable and continuous source of electricity, making them an attractive option for meeting this demand.

In summary, the water turbine market is witnessing steady growth due to the increasing demand for renewable energy and the advantages offered by hydropower generation. Government support, technological advancements, and the need to meet growing energy demands are driving market growth. However, environmental concerns and project financing challenges remain important considerations for the industry.

Market Snapshot:

Water Turbine market- Report Coverage:

The “Water Turbine market Report - Forecast (2023-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Wa market.

 

Attribute

Segment





By Type

  • Reaction Turbine

  • Kaplan Turbine

  • Bulb Turbine

  • Francis Turbine

  • Impulse Turbine

  • Cross Flow Turbine

  • Pelton Turbine


By Technology

  • Reaction

  • Impulse


By Capacity    

  • Small (Less than 10MW)

  • Medium (10–100MW)

  • Large (Greater than 100MW)



By Region       

  • North America

  • Europe

  • Asia-Pacific

  • LAMEA (Brazil, South Africa, Saudi Arabia, Rest of LAMEA)

Water Turbine market- Top Trends:

Increasing Focus on Small-Scale Hydropower: There is a growing interest in small-scale hydropower projects, particularly in remote areas and developing regions. Small hydropower systems, often using run-of-river or micro-hydro concepts, provide decentralized and sustainable energy solutions. These projects require smaller water turbines that are more cost-effective and suitable for lower flow rates and head conditions.

Turbine Efficiency and Performance Improvements: Technological advancements are driving improvements in water turbine efficiency and performance. Manufacturers are continuously developing innovative designs, materials, and control systems to optimize energy conversion and maximize power output. Enhanced turbine efficiency helps to improve the overall economics and competitiveness of hydropower projects.

Modular and Flexible Turbine Solutions: Modular turbine systems offer flexibility in hydropower installations. These systems allow for the deployment of multiple small turbines or turbine units, which can be added or removed as per the project's requirements. Modular solutions enable easier scalability, adaptability to varying flow rates, and simplified maintenance and operation.

Pumped Storage Hydropower (PSH) Integration: Pumped storage hydropower, a form of energy storage, is gaining traction as a solution to address the intermittent nature of renewable energy sources.

The Water Turbine market- Company Analysis

Andritz AG: Andritz is a leading global supplier of systems, equipment, and services for the hydropower industry. The company offers a wide range of water turbines, including Francis, Kaplan, and Pelton turbines, along with comprehensive solutions for hydropower projects.

 

General Electric Company (GE): GE is a multinational conglomerate with a strong presence in the renewable energy sector. It provides a diverse portfolio of water turbines, including Kaplan, Francis, and bulb turbines, and offers integrated solutions for hydropower projects.

 

Voith Group: Voith is a global technology company specializing in systems, products, and services for multiple industries, including hydropower.

 

Toshiba Corporation: Toshiba is a multinational conglomerate with a significant presence in the power and energy sectors. The company manufactures various types of water turbines, such as Francis and Kaplan turbines, for hydropower applications.

 

Andritz Hydro GmbH: Andritz Hydro, a subsidiary of Andritz AG, is a prominent player in the hydropower industry. The company specializes in the design, manufacturing, and installation of customized water turbines, including Kaplan, Francis, and Pelton turbines.

Key Market Players:

Product/Service launches, approvals, patents and events, acquisitions, partnerships, and collaborations are key strategies adopted by players in the Incinerator Market Report. The top 10 companies in this industry are listed below:

  1. Andritz AG
  2. General Electric Company (GE)
  3. Voith Group
  4. Toshiba Corporation
  5. Andritz Hydro GmbH.
  6. Harbin Electric Machinery Co., Ltd.
  7. IMPSA (Industrias Metalúrgicas Pescarmona S.A.)
  8. Siemens AG
  9. China Three Gorges Corporation (CTG)
  10. Hydro Energia S.r.l.

Scope of Report:

Report Metric

Details

Base Year Considered

2022

Forecast Period

2023 – 2030

CAGR

4.50%

Market Size in 2030

3,414 million

Segments Covered

By Type, By Technology, By Capacity, By Region



Geographies Covered

  • North America

  • Europe

  • Asia-Pacific

  • LAMEA




Key Market Players

  1. Andritz AG

  2. General Electric Company (GE)

  3. Voith Group

  4. Toshiba Corporation

  5. Andritz Hydro GmbH.

  6. Harbin Electric Machinery Co., Ltd.

  7. IMPSA (Industrias Metalúrgicas Pescarmona S.A.)

  8. Siemens AG

  9. China Three Gorges Corporation (CTG)

  10. Hydro Energia S.r.l.


For more Energy and Power Market reports, please click here
1. Water Turbine market- Overview
    1.1. Definitions and Scope
2. Water Turbine Market - Executive Summary
3. Water Turbine market- Comparative Analysis
    3.1. Company Benchmarking - Key Companies
    3.2. Global Financial Analysis - Key Companies
    3.3. Market Share Analysis - Key Companies
    3.4. Patent Analysis
    3.5. Pricing Analysis
4. Water Turbine market- Start-up Companies Scenario 
    4.1. Key Start-up Company Analysis by
        4.1.1. Investment
        4.1.2. Revenue
        4.1.3. Venture Capital and Funding Scenario
5. Water Turbine market– Market Entry Scenario Premium 
    5.1 Regulatory Framework Overview
    5.2. New Business and Ease of Doing Business Index
    5.3. Case Studies of Successful Ventures
6. Water Turbine market- Forces
    6.1. Market Drivers
    6.2. Market Constraints
    6.3. Market Challenges
    6.4. Porter's Five Force Model
        6.4.1. Bargaining Power of Suppliers
        6.4.2. Bargaining Powers of Customers
        6.4.3. Threat of New Entrants
        6.4.4. Rivalry Among Existing Players
        6.4.5. Threat of Substitutes
7. Water Turbine market– Strategic Analysis
    7.1. Value Chain Analysis
    7.2. Opportunities Analysis
    7.3. Market Life Cycle
8. Water Turbine market– By Type
    8.1. Reaction Turbine
        8.1.1 Market Trends by Region
        8.1.2 Market Share & Forecast by Region
    8.2. Impulse Turbine
        8.2.1 Market Trends by Region
        8.2.2 Market Share & Forecast by Region
9 Water Turbine market– By Technology
    9.1 Reaction
        9.1.1 Market Trends by Region
        9.1.2 Market Share & Forecast by Region
    9.2 Impulse
        9.2.1 Market Trends by Region
        9.2.2 Market Share & Forecast by Region
10 Water Turbine market– By Capacity
    10.1 Small (less than 10MW)
        10.1.1 Market Trends by Region
        11.1.2 Market Share & Forecast by Region
    10.2 Medium (10-100MW)
        10.2.1 Market Trends by Region
        11.2.2 Market Share & Forecast by Region
    10.3 Large (Greater Than 100MW)
        10.3.1 Market Trends by Region
        11.3.2 Market Share & Forecast by Region
11 Water Turbine market– by Geography (Market Size – $Million/$Billion) 
    11.1 North America
        11.1.1 The U.S.
        11.1.2 Canada
    11.2 Europe
        11.2.1 UK
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 Spain
        11.2.6 Russia
        11.2.7 Rest of Europe
    11.3 Asia-Pacific
        11.3.1 China
        11.3.2 India
        11.3.3 Japan
        11.3.4 South Korea
        11.3.5 Australia & New Zealand
        11.3.6 Rest of Asia-Pacific
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Chile
        11.4.4 Colombia
        11.4.5 Rest of South America
    11.5 Rest of the World
        11.5.1 Middle East
        11.5.2 Africa
12 Water Turbine market– Entropy
13 Water Turbine market– Industry/Segment Competition Landscape Premium 
    13.1 Market Share Analysis
        13.1.1 Market Share by Product Type – Key Companies
        13.1.2 Market Share by Region – Key Companies
        13.1.3 Market Share by Country – Key Companies
    13.2 Competition Matrix
    13.3 Best Practices for Companies
14 Water Turbine market– Key Company List by Country Premium Premium 
15 Water Turbine market- Company Analysis
    15.1 Andritz AG 
    15.2 General Electric Company (GE) 
    15.3 Voith Group 
    15.4 Toshiba Corporation 
    15.5 Andritz Hydro GmbH.
    15.6 Harbin Electric Machinery Co., Ltd.
    15.7 IMPSA (Industrias Metalúrgicas Pescarmona S.A.) 
    15.8 Siemens AG
    15.9 China Three Gorges Corporation (CTG)
    15.10 Hydro Energia S.r.l.Zoomer
    15.11 Mitsubishi Hitachi Power Systems, Ltd.
    15.12 BHEL (Bharat Heavy Electricals Limited)
    15.13 Wärtsilä Corporation
    15.14 Dongfang Electric Corporation (DEC)
    15.15 Cornell Pump Company
    15.16 Canadian Hydro Components (CHC)
    15.17 Kössler GmbH & Co KG
    15.18 Rainpower ASA
    15.19 Mavel, a.s.
    15.20 Norcan Hydraulic Turbine Inc.

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The Water Turbine market is projected to grow at 4.50% CAGR during the forecast period 2023-2030.

Water Turbine market size is projected to reach 3,414 million by 2030

The leading players in the Water Turbine market are Andritz AG, General Electric Company, Voith Group, Toshiba Corporation, Andritz Hydro GmbH, Harbin Electric Machinery Co., Ltd., IMPSA (Industrias Metalúrgicas Pescarmona S.A.), Siemens AG, China Three Gorges Corporation (CTG), Hydro Energia S.r.l Company