The global hydro turbine market is expected to reach a value of US$ 3,020.3 Mn by 2027. In terms of value, the market is estimated to expand at a CAGR of 4.7% during the forecast period from 2018 to 2027. Based on volume, the market stood at around 7,015 units in 2017. The Asia Pacific hydro turbine market is projected to witness the highest growth during the forecast period both in terms of value (US$ Mn) and volume (Units). The market witnessed considerable growth in the Asia Pacific region due to increasing government initiatives to deal with frequent power shortages. China and India are major economies estimated to drive the market in the near future.
Request PDF Brochure :https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=17642
The hydro turbine market is influenced by the prime driving factor of advancements in technology along with advanced grid integration. In terms of type, the reaction turbinesegment is anticipated to gain the largest share with total value of US$ 2,313.3 Mn by 2027 at a CAGR of 4.8% annually. However, environmental concern of hydropower generation is one of the major challenges restraining the growth of the market. Nevertheless, the market is anticipated to grow due to rising requirement of hydro turbines in emerging economies for renewable energy.
REQUEST FOR COVID19 IMPACT ANALYSIS : https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=17642
In 2017, based on type, the reaction turbine segment accounted for value of about US$ 1,472.1 Mn in the global hydro turbine market. Demand for reaction turbine type is increasing because these turbines are preferred for power generation due to their advantage of remaining dipped in water and because they use the pressure energy of water to generate power. Based on head type, the medium head (30 m to 300 m) segment is anticipated to reach US$ 1,157.9 Mn at a CAGR of 4.5% by 2027.
Explore Transparency Market Research’s award-winning coverage of the global (Food & Beverages) Industry:
https://www.prnewswire.com/news-releases/bioplastic-textiles-market-to-reach-valuation-of-us-1-2-bn-by-2027-popularity-of-green-and-biodegradable-materials-to-drive-demand-within-the-global-market-finds-tmr-301027371.html
Some of the key players profiled in the global hydro turbine market are General Electric Co., ANDRITZ AG, Toshiba Energy, Harbin Electric Machinery, Kirloskar Brothers Ltd., Siemens AG, Canyon Industries Inc., Cornell Pump Co., Gilbert Gilkes & Gordon Ltd, WWS Wasserkraft GmbH, and Canadian Hydro Components Ltd.
The hydro turbine market is segmented as below.
Hydro Turbine Market: By Type
- Impulse Turbine
- Pelton Turbine
- Cross Flow Turbine
- Reaction Turbine
- Kaplan Turbine
- Francis Turbine
- Bulb Turbine
About Us:
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
0 Comments