Hydraulic Turbines Market
Hydraulic Turbines Market Forecasts to 2028 – Global Analysis By Product (Impulse Hydraulic Turbine, Reaction Hydraulic Turbine), Head Type (Low, High), Application (Residential Rooftop, Oil and Gas, Mining) and By Geography
According to Stratistics MRC, the Global Hydraulic Turbines Market is accounted for $2.23 billion in 2020 and is expected to reach $3.69 billion by 2028 growing at a CAGR of 6.5% during the forecast period. Rapid exhausting conventional sources of energy and growth in prominence of various technologies such as run-of-river, low head turbines, and small hydro plants are driving the market growth. However, an environmental concern in the hydropower sector is hampering the growth of the market.
The hydraulic turbine is a mover that uses the energy of flowing water to convert it into mechanical energy that is used in the form of rotation of the runner as water is used as the fluid medium. Hydro Turbines are used in hydroelectric plants for electricity generation by using the energy of moving water for rotating a shaft.
Based on the product, the impulse hydraulic turbine segment is going to have lucrative growth during the forecast period due to the rise in demand in small and medium-sized hydropower plants, and chemical and pharmaceutical industries. In addition, the efficiency of energy conversion from kinetic to mechanical energy is higher in the case of impulse turbines. By geography, North America is going to have high growth during the forecast period owing to governmental incentives for the hydro turbine technology in order to reduce pollution, advanced technology, and increasing focus on renewable energy.
Some of the key players profiled in the Hydraulic Turbines Market include General Electric, Canyon Industries, Waterwheel Factory, Siemens, Norcan Hydraulic Turbine, Kirloskar Brothers, Gilbert Gilkes and Gordon, Cornell Pump, Nautilus, andritz and WWS-Wasserkraft.
Report Coverage |
Details |
Published Year: |
2021 |
Estimated Market Size in 2020: |
USD 2.23 billion |
Estimated Period: |
2020 |
Compound Annual Growth Rate (CAGR) from 2020 to 2028: |
6.5% |
Predicted 2028 Value: |
USD 3.69 billion |
Forecast Years: |
2021-2028 |
Tables, Graphs& Figures |
211 |
Chapters Covered: |
Product, Installation Site, Power Generation Capacity, Head Type, Type, Application and Region |
Core Drivers and Opportunities: |
|
Restraining Factors & Market Threats: |
|
Products Covered:
• Impulse Hydraulic Turbine
• Reaction Hydraulic Turbine
Installation Sites Covered:
• Pico Hydro Plants
• Mini Hydro Plants
• Micro Hydro Plants
• Large Hydro Plants
Power Generation Capacities Covered:
• Power More Than 10000 kW
• Power Less than 1000 kW
• Power Between 1000-10000 kW
Head Types Covered:
• Low
• Medium
• High
Types Covered:
• Water Turbines
• Vapor Turbines
• Steam Turbines
• Gas Turbines
Applications Covered:
• Residential Rooftop
• Power Storage and Generation
• Oil and Gas
• Mining
• Industrial Purpose
• Commercial Generation
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Hydraulic Turbines Market is majorly driven by growth in prominence of various technologies such as run-of-river, low head turbines, and small hydro plants, rapid exhausting conventional sources of energy and rapidly increasing industrialization in emerging economies.
The impulse hydraulic turbine segment is growing at a highest CAGR owing to higher efficiency of energy conversion from kinetic to mechanical energy in the case of impulse turbines and rising demand in small and medium-sized hydropower plants, and chemical and pharmaceutical industries.
North America dominated with a significant market share as government is offering subsidies on water turbines in order to reduce pollution, advanced technology, and increasing focus on renewable energy.
Asia Pacific market is growing at a highest CAGR owing to the rise in concern from governments across emerging nations, such as China, India, and South Korea, regarding zero emission norms, rapid industrialization and infrastructure development.
Key players in Hydraulic Turbines Market include General Electric, Canyon Industries, Waterwheel Factory, Siemens, Norcan Hydraulic Turbine, Kirloskar Brothers, Gilbert Gilkes and Gordon, Cornell Pump, Nautilus, andritz and WWS-Wasserkraft.
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Hydraulic Turbines Market, By Product
5.1 Introduction
5.2 Impulse Hydraulic Turbine
5.2.1 Pelton Turbine
5.2.2 Cross Flow Turbine
5.3 Reaction Hydraulic Turbine
5.3.1 Kaplan Turbine
5.3.2 Francis Turbine
5.3.3 Bulb Turbine
6 Global Hydraulic Turbines Market, By Installation Site
6.1 Introduction
6.2 Pico Hydro Plants
6.3 Mini Hydro Plants
6.4 Micro Hydro Plants
6.5 Large Hydro Plants
7 Global Hydraulic Turbines Market, By Power Generation Capacity
7.1 Introduction
7.2 Power More Than 10000 kW
7.3 Power Less than 1000 kW
7.4 Power Between 1000-10000 kW
8 Global Hydraulic Turbines Market, By Head Type
8.1 Introduction
8.2 Low
8.3 Medium
8.4 High
9 Global Hydraulic Turbines Market, By Type
9.1 Introduction
9.2 Water Turbines
9.3 Vapor Turbines
9.4 Steam Turbines
9.5 Gas Turbines
10 Global Hydraulic Turbines Market, By Application
10.1 Introduction
10.2 Residential Rooftop
10.3 Power Storage and Generation
10.4 Oil and Gas
10.5 Mining
10.6 Industrial Purpose
10.7 Commercial Generation
11 Global Hydraulic Turbines Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 General Electric
13.2 Canyon Industries
13.3 Waterwheel Factory
13.4 Siemens
13.5 Norcan Hydraulic Turbine
13.6 Kirloskar Brothers
13.7 Gilbert Gilkes and Gordon
13.8 Cornell Pump
13.9 Nautilus
13.10 andritz
13.11 WWS-Wasserkraft
List of Tables
1 Global Hydraulic Turbines Market Outlook, By Region (2019-2028) ($MN)
2 Global Hydraulic Turbines Market Outlook, By Product (2019-2028) ($MN)
3 Global Hydraulic Turbines Market Outlook, By Impulse Hydraulic Turbine (2019-2028) ($MN)
4 Global Hydraulic Turbines Market Outlook, By Pelton Turbine (2019-2028) ($MN)
5 Global Hydraulic Turbines Market Outlook, By Cross Flow Turbine (2019-2028) ($MN)
6 Global Hydraulic Turbines Market Outlook, By Reaction Hydraulic Turbine (2019-2028) ($MN)
7 Global Hydraulic Turbines Market Outlook, By Kaplan Turbine (2019-2028) ($MN)
8 Global Hydraulic Turbines Market Outlook, By Francis Turbine (2019-2028) ($MN)
9 Global Hydraulic Turbines Market Outlook, By Bulb Turbine (2019-2028) ($MN)
10 Global Hydraulic Turbines Market Outlook, By Installation Site (2019-2028) ($MN)
11 Global Hydraulic Turbines Market Outlook, By Pico Hydro Plants (2019-2028) ($MN)
12 Global Hydraulic Turbines Market Outlook, By Mini Hydro Plants (2019-2028) ($MN)
13 Global Hydraulic Turbines Market Outlook, By Micro Hydro Plants (2019-2028) ($MN)
14 Global Hydraulic Turbines Market Outlook, By Large Hydro Plants (2019-2028) ($MN)
15 Global Hydraulic Turbines Market Outlook, By Power Generation Capacity (2019-2028) ($MN)
16 Global Hydraulic Turbines Market Outlook, By Power More Than 10000 kW (2019-2028) ($MN)
17 Global Hydraulic Turbines Market Outlook, By Power Less than 1000 kW (2019-2028) ($MN)
18 Global Hydraulic Turbines Market Outlook, By Power Between 1000-10000 kW (2019-2028) ($MN)
19 Global Hydraulic Turbines Market Outlook, By Head Type (2019-2028) ($MN)
20 Global Hydraulic Turbines Market Outlook, By Low (2019-2028) ($MN)
21 Global Hydraulic Turbines Market Outlook, By Medium (2019-2028) ($MN)
22 Global Hydraulic Turbines Market Outlook, By High (2019-2028) ($MN)
23 Global Hydraulic Turbines Market Outlook, By Type (2019-2028) ($MN)
24 Global Hydraulic Turbines Market Outlook, By Water Turbines (2019-2028) ($MN)
25 Global Hydraulic Turbines Market Outlook, By Vapor Turbines (2019-2028) ($MN)
26 Global Hydraulic Turbines Market Outlook, By Steam Turbines (2019-2028) ($MN)
27 Global Hydraulic Turbines Market Outlook, By Gas Turbines (2019-2028) ($MN)
28 Global Hydraulic Turbines Market Outlook, By Application (2019-2028) ($MN)
29 Global Hydraulic Turbines Market Outlook, By Residential Rooftop (2019-2028) ($MN)
30 Global Hydraulic Turbines Market Outlook, By Power Storage and Generation (2019-2028) ($MN)
31 Global Hydraulic Turbines Market Outlook, By Oil and Gas (2019-2028) ($MN)
32 Global Hydraulic Turbines Market Outlook, By Mining (2019-2028) ($MN)
33 Global Hydraulic Turbines Market Outlook, By Industrial Purpose (2019-2028) ($MN)
34 Global Hydraulic Turbines Market Outlook, By Commercial Generation (2019-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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