Hydro Turbine Market Size, Share, and Trends 2024 to 2034

The global hydro turbine market size accounted for USD 2.77 billion in 2024, grew to USD 2.87 billion in 2025 and is projected to surpass around USD 3.91 billion by 2034, representing a healthy CAGR of 3.50% between 2024 and 2034. The Asia-Pacific hydro rurbine market size is worth around USD 1.08 billion in 2024 and is expected to grow at a fastest CAGR of 3.61% during the forecast period.

  • Last Updated : October 2024
  • Report Code : 3442
  • Category : Energy and Power

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Hydro Turbine Market 

5.1. COVID-19 Landscape: Hydro Turbine Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Hydro Turbine Market, By Turbine Type

8.1. Hydro Turbine Market, by Turbine Type, 2024-2034

8.1.1 Impulse Turbine

8.1.1.1. Market Revenue and Forecast (2021-2034)

8.1.2. Reaction Turbine

8.1.2.1. Market Revenue and Forecast (2021-2034)

Chapter 9. Global Hydro Turbine Market, By Head Type

9.1. Hydro Turbine Market, by Head Type, 2024-2034

9.1.1. Low Head Turbine

9.1.1.1. Market Revenue and Forecast (2021-2034)

9.1.2. Medium Head Turbine

9.1.2.1. Market Revenue and Forecast (2021-2034)

9.1.3. High Head Turbine

9.1.3.1. Market Revenue and Forecast (2021-2034)

Chapter 10. Global Hydro Turbine Market, By Installation Site 

10.1. Hydro Turbine Market, by Installation Site, 2024-2034

10.1.1. Small Hydro Power Plant

10.1.1.1. Market Revenue and Forecast (2021-2034)

10.1.2. Medium Hydro Power Plant

10.1.2.1. Market Revenue and Forecast (2021-2034)

10.1.3. Large Hydro Power Plant

10.1.3.1. Market Revenue and Forecast (2021-2034)

Chapter 11. Global Hydro Turbine Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Turbine Type (2021-2034)

11.1.2. Market Revenue and Forecast, by Head Type (2021-2034)

11.1.3. Market Revenue and Forecast, by Installation Site (2021-2034)

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, by Turbine Type (2021-2034)

11.1.4.2. Market Revenue and Forecast, by Head Type (2021-2034)

11.1.4.3. Market Revenue and Forecast, by Installation Site (2021-2034)

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, by Turbine Type (2021-2034)

11.1.5.2. Market Revenue and Forecast, by Head Type (2021-2034)

11.1.5.3. Market Revenue and Forecast, by Installation Site (2021-2034)

11.2. Europe

11.2.1. Market Revenue and Forecast, by Turbine Type (2021-2034)

11.2.2. Market Revenue and Forecast, by Head Type (2021-2034)

11.2.3. Market Revenue and Forecast, by Installation Site (2021-2034)

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, by Turbine Type (2021-2034)

11.2.4.2. Market Revenue and Forecast, by Head Type (2021-2034)

11.2.4.3. Market Revenue and Forecast, by Installation Site (2021-2034)

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, by Turbine Type (2021-2034)

11.2.5.2. Market Revenue and Forecast, by Head Type (2021-2034)

11.2.5.3. Market Revenue and Forecast, by Installation Site (2021-2034)

11.2.6. France

11.2.6.1. Market Revenue and Forecast, by Turbine Type (2021-2034)

11.2.6.2. Market Revenue and Forecast, by Head Type (2021-2034)

11.2.6.3. Market Revenue and Forecast, by Installation Site (2021-2034)

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, by Turbine Type (2021-2034)

11.2.7.2. Market Revenue and Forecast, by Head Type (2021-2034)

11.2.7.3. Market Revenue and Forecast, by Installation Site (2021-2034)

11.3. APAC

11.3.1. Market Revenue and Forecast, by Turbine Type (2021-2034)

11.3.2. Market Revenue and Forecast, by Head Type (2021-2034)

11.3.3. Market Revenue and Forecast, by Installation Site (2021-2034)

11.3.4. India

11.3.4.1. Market Revenue and Forecast, by Turbine Type (2021-2034)

11.3.4.2. Market Revenue and Forecast, by Head Type (2021-2034)

11.3.4.3. Market Revenue and Forecast, by Installation Site (2021-2034)

11.3.5. China

11.3.5.1. Market Revenue and Forecast, by Turbine Type (2021-2034)

11.3.5.2. Market Revenue and Forecast, by Head Type (2021-2034)

11.3.5.3. Market Revenue and Forecast, by Installation Site (2021-2034)

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, by Turbine Type (2021-2034)

11.3.6.2. Market Revenue and Forecast, by Head Type (2021-2034)

11.3.6.3. Market Revenue and Forecast, by Installation Site (2021-2034)

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, by Turbine Type (2021-2034)

11.3.7.2. Market Revenue and Forecast, by Head Type (2021-2034)

11.3.7.3. Market Revenue and Forecast, by Installation Site (2021-2034)

11.4. MEA

11.4.1. Market Revenue and Forecast, by Turbine Type (2021-2034)

11.4.2. Market Revenue and Forecast, by Head Type (2021-2034)

11.4.3. Market Revenue and Forecast, by Installation Site (2021-2034)

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, by Turbine Type (2021-2034)

11.4.4.2. Market Revenue and Forecast, by Head Type (2021-2034)

11.4.4.3. Market Revenue and Forecast, by Installation Site (2021-2034)

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, by Turbine Type (2021-2034)

11.4.5.2. Market Revenue and Forecast, by Head Type (2021-2034)

11.4.5.3. Market Revenue and Forecast, by Installation Site (2021-2034)

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, by Turbine Type (2021-2034)

11.4.6.2. Market Revenue and Forecast, by Head Type (2021-2034)

11.4.6.3. Market Revenue and Forecast, by Installation Site (2021-2034)

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, by Turbine Type (2021-2034)

11.4.7.2. Market Revenue and Forecast, by Head Type (2021-2034)

11.4.7.3. Market Revenue and Forecast, by Installation Site (2021-2034)

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Turbine Type (2021-2034)

11.5.2. Market Revenue and Forecast, by Head Type (2021-2034)

11.5.3. Market Revenue and Forecast, by Installation Site (2021-2034)

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, by Turbine Type (2021-2034)

11.5.4.2. Market Revenue and Forecast, by Head Type (2021-2034)

11.5.4.3. Market Revenue and Forecast, by Installation Site (2021-2034)

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, by Turbine Type (2021-2034)

11.5.5.2. Market Revenue and Forecast, by Head Type (2021-2034)

11.5.5.3. Market Revenue and Forecast, by Installation Site (2021-2034)

Chapter 12. Company Profiles

12.1. General Electric Company

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Siemens AG

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Andritz AG

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Voith Group

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Toshiba Corporation

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. Bharat Heavy Electricals Limited (BHEL)

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Mitsubishi Heavy Industries, Ltd.

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Harbin Electric Company Limited

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Alstom Hydro

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. The Columbia Machine Works, Inc.

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

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Frequently Asked Questions

The global hydro turbine market size is expected to increase USD 3.91 billion by 2034 from USD 2.77 billion in 2024.

The hydro turbine market is anticipated to grow at a CAGR of over 3.50% between 2024 and 2034.

The major players operating in the hydro turbine market are General Electric Company, Siemens AG, Andritz AG, Voith Group, Toshiba Corporation, Bharat Heavy Electricals Limited (BHEL), Mitsubishi Heavy Industries, Ltd., Harbin Electric Company Limited, Alstom Hydro, The Columbia Machine Works, Inc., Flovel Energy Private Limited, Canyon Hydro, CKD Blansko Engineering, a.s., Toshiba Hydro Power (Hangzhou) Co., Ltd., WWS Wasserkraft GmbH, and Others.

The driving factors of the hydro turbine market are the transition to renewable energy and the pressing need for hydropower capacity expansion.

Asia Pacific region will lead the global hydro turbine market during the forecast period 2023 to 2032.

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