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A Hydro Turbine is an equipment used to generate electricity in hydroelectric power stations. These turbines transfer the energy from the moving water to a rotating shaft to generate electricity.
The global hydro turbine market is segmented into capacity, head, and product.
Based on the capacity, is it divided as ≤1 MW, 1 - 10 MW, and >10 MW. The >10MW sector is the largest from among the others, as it has a longer lifespan, higher efficiency and reliability, and a lower cost of operation and maintenance.
On the basis of the head length, it is segmented as low, medium and high. The low head length of the hydropower turbine is said to be the most used due to its low cost of construction and the minimum environmental damage caused by it.
By the product, it is divided as impulse and reaction. The impulse is further sub-segmented as Pelton, cross flow, turbo, archimedean screw whereas the reaction is sub-segmented as a propeller, kinetic and Francis. Impulse turbines are used in low flow and high head applications. They have a simple design and are cost-effective hence are used more than reaction turbines.
Key Factors Impacting Market Growth:
Increased demand for bulk energy storage
Growing adoption of renewable energy sources
Regional Analysis:
The regional outlook for the hydro turbine market provides detailed information for markets including North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and Rest of the World. North America and Western Europe are estimated to be key regions for the hydro turbine market during the forecast period. Being one of the industrialized regions, the energy & power sector is key to the operations of various industries in this region. This is one of the important factors governing the growth of hydro turbine market in these regions. Some of the major countries covered in this region include the US, Germany, UK, France, Italy, Canada, and so on.
The Asia Pacific is estimated one of the fastest-growing regions for the hydro turbine market during the forecast period. Some of the fastest growing economies and increasing demand for energy & power to cater to high population & industries is expected to drive the demand in this region. China and India are projected to register major demand during the forecast period. Middle East that includes UAE, Saudi Arabia, Iran, Qatar, and others promises high market potential during the forecast period. The rest of the World including South America and Africa are emerging regions in terms of market demand during the forecast period.
Companies Covered: General Electric Co., Toshiba Energy, Kirloskar Brothers Ltd., Siemens AG, Cornell Pump Co., WWS Wasserkraft GmbH, and Canadian Hydro Components Ltd...
Market Segmentation:
By Capacity:
≤1 MW
1 - 10 MW
>10 MW
By Head:
Low
Medium
High
By Product:
Impulse
Pelton
Cross Flow
Turgo
Archimedean Screw
Reaction
Propeller
Kinetic
Francis
By Region:
North America
By Country (US, Canada, Mexico)
By Capacity
By Head
By Product
Western Europe
By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
By Capacity
By Head
By Product
Eastern Europe
By Country (Russia, Turkey, Rest of Eastern Europe)
By Capacity
By Head
By Product
Asia Pacific
By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
By Capacity
By Head
By Product
Middle East
By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
By Capacity
By Head
By Product
Rest of the World
By Region (South America, Africa)
By Capacity
By Head
By Product
Reasons to Buy This Report:
Market size estimation of the global hydro turbine market on regional and global basis
Unique research design for market size estimation and forecast
Profiling of major companies operating in the market with key developments
Broad scope to cover all the possible segments helping every stakeholder in the market
Customization:
We provide customization of the study to meet specific requirements:
By Segment
By Sub-segment
By Region/Country
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