Global Hydropower Turbines Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Reaction Turbine, and Impulse Turbine.

By Capacity;

Less Than 1 MW, Between 1 - 10 MW, and Above 10 MW Source.

By Application;

Large Hydropower Turbines, and Small Hydropower Turbines.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn702487191 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Hydropower Turbines Market (USD Million), 2021 - 2031

In the year 2024, the Global Hydropower Turbines Market was valued at USD 1,788.67 million. The size of this market is expected to increase to USD 3,134.07 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 8.3%.

The global hydropower turbines market stands as a pivotal player in the renewable energy sector, offering sustainable solutions for power generation worldwide. With a focus on harnessing the immense power of water resources, hydropower turbines have emerged as a cornerstone of clean energy initiatives, providing reliable electricity generation while minimizing environmental impact. As the world increasingly shifts towards green energy sources to combat climate change and achieve carbon neutrality goals, the hydropower turbines market continues to expand, driven by technological advancements, favorable government policies, and growing investments in renewable infrastructure.

The growth of the global hydropower turbines market is the pressing need to reduce reliance on fossil fuels and mitigate the adverse effects of climate change. Hydropower, as a renewable energy source, offers significant advantages over conventional methods of power generation, such as coal and natural gas, by emitting minimal greenhouse gases and pollutants. Moreover, the scalability and flexibility of hydropower turbines make them suitable for a wide range of applications, from large-scale hydroelectric dams to small-scale run-of-the-river installations, catering to diverse energy demands across various regions and terrains.

Advancements in turbine technology, including innovations in design efficiency, materials, and control systems, are driving improvements in performance and reliability, making hydropower an increasingly cost-effective and competitive energy option. Additionally, the integration of digitalization and smart grid technologies is enhancing the operational efficiency and grid stability of hydropower plants, further bolstering the market growth. With the potential to provide baseload power and complement other renewable energy sources, such as wind and solar, hydropower turbines are poised to play a crucial role in shaping the future of sustainable energy production on a global scale.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Capacity
    3. Market Snapshot, By Application
    4. Market Snapshot, By Region
  4. Global Hydropower Turbines Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Energy Security
        2. Environmental Concerns
        3. Renewable Energy Transition
      2. Restraints
        1. High Initial Investment
        2. Environmental Impact
        3. Land and Community Disputes
      3. Opportunities
        1. Innovative Turbine Designs
        2. Decentralized Energy Solutions
        3. Rehabilitation of Aging Infrastructure
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Hydropower Turbines Market, By Type, 2021 - 2031 (USD Million)
      1. Reaction Turbine
      2. Impulse Turbine.
    2. Global Hydropower Turbines Market, By Capacity, 2021 - 2031 (USD Million)
      1. Less Than 1 MW

      2. Between 1 - 10 MW

      3. Above 10 MW Source.

    3. Global Hydropower Turbines Market, By Application, 2021 - 2031 (USD Million)
      1. Large hydropower turbines
      2. Small hydropower turbines
    4. Global Hydropower Turbines Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. ANDRITZ
      2. GENERAL ELECTRIC
      3. Hitachi Mitsubishi Hydro
      4. Siemens
      5. TOSHIBA
      6. WWS Wasserkraft GmbH
      7. Kirloskar Brothers Limited
      8. Cornell Pump Co.
      9. Gilbert Gikes & Gordon Ltd
      10. Harbin Electric Machinery
  7. Analyst Views
  8. Future Outlook of the Market