Global Hydro Turbine Market Size, Share, growth, Trends and Forecast 2021-2030

In a recently published report, Global Hydro Turbine Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Hydro Turbine Market products.

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It is also anticipated to grow on account of the growing demand for alternative renewable energy sources, backed by the growing concern for pollution worldwide emitted from burning conventional fuel sources. Total electricity capacity from renewable energy sources around the world increased from around 750,000MW in 2000 to about 2,500,000MW in 2019. Additionally, electricity from hydropower energy, wind, solar, and bioenergy, grew from around 780000MW, 16000MW, 1200MW, and 29000MW in 2000 to 1300000MW, 620000MW, 580000MW, and 120000MW in 2019 respectively.

According to a report by International Energy Agency (IEA), hydroelectric accounted for over 80% of the total renewable energy market. Hydro turbines are the basic devices that are required for conversion of hydraulic energy into mechanical energy and have a well-established position in the energy sector. The market value of the Hydro turbines was found to be US$XX Billion in 2015 and is expected to reach US$ XX Billion by 2022, at a CAGR of XX% during the forecast period. Currently, 17% of the world’s total energy demands are met by hydroelectricity and growing popularity of greener and cleaner energy generation techniques has created tremendous potential for the market. Apart from the energy sector, Hydro turbines also find significant use in agriculture and certain marine applications.

Market Dynamics:
The Hydro turbine market is driven by a number of factors, such as a need for cleaner technologies for energy production, worldwide increase in energy demands, environmental and sociological issues related to dams and government policies worldwide regarding renewable energies. Certain challenges such as technical limitations of available models, high installation costs of dams, their long gestation period, the popularity of other renewable energy sources and corresponding equipment (particularly, gas turbines and solar panels) have proven to be a roadblock. Irrespective of the shortcomings, rapid growth of hydro turbine market has been anticipated, due to urbanisation and ever increasing demand for energy.

Market segmentation:
Technologically, the market can be divided into two main segments – impulse turbines and reaction turbines. For the same power generated, the number of stages required and corresponding maintenance cost is lesser in impulse turbines, when compared with impulse turbines. Thus, Impulse Turbines is a more popular segment. The type of hydro turbine selected for a project depends upon the height of standing water, the total volume of water involved and location. Agriculture sector uses hydro turbines in irrigation. Small scale hydro electricity plants have gained popularity in agriculture- making farms self-sufficient in terms of energy. Smaller turbines with a high power-speed characteristic are economically feasible.

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Geographical Analysis:
One of the major advantages of Hydro turbines is that there is no direct emission of CO2. The turbines are specifically popular in Scandinavian countries. About 99.3% of Norway’s energy needs are quenched by hydroelectricity. Currently, the leading consumer of hydro turbines is China, followed by Brazil, Canada and the U.S.
Key players in the industry include Varspeed Hydro Ltd. (Romanian), Muziwemvelo Renewable Energy (South African), Blue Energy Canada (Canadian), Alps Power Technologies (Indian) and American Hydro Corporation (American)- to name a few.

Report ContentsRegional AnalysisReport Highlights
Market segments
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market – Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players

North America
US and Canada

Latin America
Mexico, Brazil, Argentina and Rest of Latin America

Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe

Eastern Europe
Rest of Eastern Europe

Asia Pacific
Australia and New Zealand
Rest of Asia Pacific

Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa

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This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Market Segmentation
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage

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