According to the research report titled ‘Hydropower Turbine Market Size By Power Rating (?1 MW, 1 - 10 MW, >10 MW), By Product (Impulse {By Power Rating [?1 MW, 1 - 10 MW, >10 MW ], By Head Length [ 2-25 m, 25-70 m, >70 m], By Product [Pelton, Turgo, Cross Flow, Archimedean Screw]}, Reaction {By Power Rating [?1 MW, 1 - 10 MW, >10 MW ], By Head Length [ 2-25 m, 25-70m, >70 m], By Product [Propeller (Bulb, Straflo, Tube, Kaplan), Francis, Kinetic]}), By Head Length ( 2-25 m, 25-70 m, >70 m ),Regional Outlook (U.S., Canada, Mexico, France, Italy, Spain, Austria, Norway, China, India, Philippines, Japan, Vietnam, Mozambique, Angola, Ethiopia, Brazil), Industry Analysis Report, Application Potential, Competitive Market Share & Forecast, 2019 – 2025’ available at MarketStudyReport.com, the global hydropower turbine market is expected to surpass USD 2 billion by the year 2025.

According to the report, surging investments towards emergence of non-conventional resources in order to enhance environmental conditions and reduce dependency on fossil fuels are driving the hydropower turbine market growth. Growing demand for electricity by manufacturing sector in tandem with strict government regulations pertaining to GHG emission mitigation are also fostering the demand for hydropower turbines across the globe. Shifting focus towards decommissioning of coal plants is further aiding the market expansion. 

As per the product type, the report cites that reaction installations segment of hydropower turbine market held 70% share in the year 2018 and is expected to register continuous growth during the estimated timeframe. Growing demand for energy in emerging economies coupled with easy availability of river resources is fueling the segmental growth.

The report states that hydropower turbine industry from high head segment is presumed to be worth USD 600 million by the year 2025. Shifting preferences from coal and nuclear power plants in tandem with introduction of various initiatives towards using sustainable sources of energy are facilitating the business scenario.

Considering the geographical landscape, hydropower turbine market in France will witness lucrative growth in the subsequent years. Rising adoption of renewable sources of energy to complement the nuclear baseload in the country are stimulating the industry outlook. Moreover, shifting focus towards optimizing energy security and reducing dependency on import in tandem with growing inclination towards upgrading the standards of living are contributing towards the market growth.

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On the other hand, Ethiopia hydropower turbine industry is poised to acquire significant gains in the forthcoming years, primarily driven by increasing focus to diversify sustainable sources of energy and growing demand for electricity. In addition, the demand for hydropower turbines in Germany is expected to surge owing to inflating prices of electricity and increasing awareness pertaining to environment conservation.

The prominent companies operating in the hydropower turbine market are Cornell Pump Company, Canyon Hydro, Andritz, NTN Corporation, Voith, Flovel Energy, Canadian Hydro Components, WWS Wasserkraft GmbH, IMPSA, Capstone Turbine, Wartsila, Kirloskar Brothers Ltd., Toshiba Corporation, Siemens AG, and General Electric.