Global Water Turbine Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Reaction Turbines: and Impulse Turbine.

By Application;

Power Generation and Water Pump.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn606930989 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Water Turbine Market (USD Million), 2021 - 2031

In the year 2024, the Global Water Turbine Market was valued at USD 2,626.66 million. The size of this market is expected to increase to USD 3,671.40 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.9%.

The global water turbine market plays a crucial role in the renewable energy sector, harnessing the power of flowing water to generate electricity. Water turbines are essential components in hydroelectric power generation, which is a sustainable and reliable source of energy. These turbines convert the kinetic energy of water into mechanical energy, which is then transformed into electrical energy through generators.

In recent years, there has been a growing emphasis on clean energy sources, driving the demand for water turbines. Governments worldwide are increasingly focusing on reducing carbon emissions and promoting renewable energy adoption, further propelling market growth. Additionally, advancements in turbine technology, such as improved efficiency and durability, have enhanced the attractiveness of water turbines as a viable energy solution.

The market for water turbines is diverse, encompassing various types such as impulse turbines, reaction turbines, and cross-flow turbines, each suited to different water flow conditions and power generation needs. Geographically, regions with abundant water resources and supportive regulatory frameworks, such as Europe, North America, and parts of Asia-Pacific, dominate the market. These regions see significant investments in hydropower infrastructure, driving the installation of new turbines and the refurbishment of existing ones.Looking ahead, the global water turbine market is poised for steady growth, driven by ongoing investments in renewable energy, technological innovations, and the imperative to achieve energy security while mitigating environmental impact. As the world transitions towards a greener energy mix, water turbines are set to play a pivotal role in meeting future energy demands sustainably.

  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 Application
    3. Market Snapshot, By Region
  4. Global Water Turbine Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Renewable Energy Demand
        2. Hydropower Expansion Initiatives
        3. Technological Advancements
      2. Restraints
        1. High Initial Investment Costs
        2. Environmental Concerns
        3. Regulatory Challenges
      3. Opportunities
        1. Emerging Markets
        2. Innovations in Turbine Design
        3. Government Incentives
    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. Compititive Rivalry
  5. Market Segmentation
    1. Global Water Turbine Market, By Type, 2021 - 2031 (USD Million)
      1. Reaction Turbines
      2. Impulse Turbine
    2. Global Water Turbine Market, By Application, 2021 - 2031 (USD Million)
      1. Power Generation
      2. Water Pump
    3. Global Water Turbine 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. Alstom(GE)
      3. Voith
      4. Toshiba
      5. Harbin Electric
      6. Dongfang Electric
      7. Power Machines
      8. Hitachi Mitsubish
  7. Analyst Views
  8. Future Outlook of the Market