Market Overview:
The global hydro turbine generator sets market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for renewable energy sources across the globe and rising investments in hydro power projects. Based on type, the global hydro turbine generator sets market is segmented into Francis turbines, Kaplan turbines, diagonal turbines, and tubular turbines. The Francis turbine segment is expected to hold a major share of the global market in 2018 owing to its high efficiency and low maintenance requirements. Based on application, the impulse turbines segment is projected to lead the global market during the forecast period due to increasing investments in these types of turbines across regions such as North America and Europe.
Product Definition:
A hydro turbine generator set is a power plant that uses a water turbine to generate electricity. Hydro turbines are very efficient and can be used to generate large amounts of electricity.
Francis Turbine:
The Francis turbine is named after the French engineer Alphonse Francis who invented it in 1882. It was later commercialized by S.D. Smith Company of Cleveland, U.S.
Kaplan Turbine:
The Kaplan turbine is a type of hydro turbine used in generator sets. It is named after its designer, Stanley H Kaplan. The device works on the principle of moving water to produce electricity and has no moving parts, like most other types of turbines.
It was one of the first successful designs that could be used for both power generation and irrigation purposes without any changes being made to the original design or capabilities.
Application Insights:
The market is segmented on the basis of application into impulse turbines, reaction turbines and others. The other applications include hydro power conversion units, water treatment facilities and pumping stations. Impulse turbine was the largest application segment in 2017 with a share of over 70%. These are used for generating electricity as well as for providing mechanical energy.
Reaction turbine is expected to be one of the fastest-growing segments during forecast period owing to increasing demand from emerging economies such as China, India and Brazil. Latin America also holds significant potential due to growing demand from countries such as Argentina, Colombia and Chile among others.
Regional Analysis:
Europe accounted for the largest market share of over 35% in 2017. The region is expected to dominate the global industry over the forecast period owing to rising demand from countries, such as Germany and U.K., for large hydro turbines with higher capacity factors and lower environmental impact. Asia Pacific is anticipated to witness significant growth rate during the forecast period due to increasing need for reliable power supply in emerging economies, such as China and India.
China has witnessed a steep rise in installed capacity of hydro turbines driven by rapid economic development along with growing energy demand from industrial sector especially heavy industries located in coastal areas which are highly dependent on electricity supply at a consistent voltage throughout the year (zero-point). This factor is anticipated to propel market growth across Asia Pacific during future years. Moreover, favorable government policies promoting investments through subsidies & tax cuts are projected to boost installation rates across projects under construction or planning stages by various companies including Huaneng Group; Sichuan Gezhouba Power Co.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization in developing countries
- Government policies and regulations supporting renewable energy sources over traditional ones
- Technological advancements making hydro turbine generators more efficient and reliable
- Growing awareness about the benefits of using hydro turbine generators over other forms of power generation
- Reduction in the cost of hydro turbine generator sets due to economies of scale
Scope Of The Report
Report Attributes
Report Details
Report Title
Hydro Turbine Generator Sets Market Research Report
By Type
Francis Turbine, Kaplan Turbine, Diagonal Turbine, Tubular Turbine
By Application
Impulse Turbines, Reaction Turbines
By Companies
Andritz, Alstom(GE), Voith, Toshiba, Harbin Electric, Dongfang Electric, Power Machines, Hitachi Mitsubishi, IMPSA, Zhefu, CME, BHEL, Tianfa, Gilkes, Tianbao
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
175
Number of Tables & Figures
123
Customization Available
Yes, the report can be customized as per your need.
Global Hydro Turbine Generator Sets Market Report Segments:
The global Hydro Turbine Generator Sets market is segmented on the basis of:
Types
Francis Turbine, Kaplan Turbine, Diagonal Turbine, Tubular Turbine
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Impulse Turbines, Reaction Turbines
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Andritz
- Alstom(GE)
- Voith
- Toshiba
- Harbin Electric
- Dongfang Electric
- Power Machines
- Hitachi Mitsubishi
- IMPSA
- Zhefu
- CME
- BHEL
- Tianfa
- Gilkes
- Tianbao
Highlights of The Hydro Turbine Generator Sets Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Francis Turbine
- Kaplan Turbine
- Diagonal Turbine
- Tubular Turbine
- By Application:
- Impulse Turbines
- Reaction Turbines
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hydro Turbine Generator Sets Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Hydro turbine generator sets are a type of renewable energy generation that uses the power of water to turn turbines and produce electricity. These systems use a river, lake, or other body of water as the source of hydropower. The generated electricity is then transmitted through electrical grids to consumers.
Some of the key players operating in the hydro turbine generator sets market are Andritz, Alstom(GE), Voith, Toshiba, Harbin Electric, Dongfang Electric, Power Machines, Hitachi Mitsubishi, IMPSA, Zhefu, CME, BHEL, Tianfa, Gilkes, Tianbao.
The hydro turbine generator sets market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hydro Turbine Generator Sets Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Hydro Turbine Generator Sets Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hydro Turbine Generator Sets Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Hydro Turbine Generator Sets Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Hydro Turbine Generator Sets Market Size & Forecast, 2020-2028
4.5.1 Hydro Turbine Generator Sets Market Size and Y-o-Y Growth
4.5.2 Hydro Turbine Generator Sets Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Francis Turbine
5.2.2 Kaplan Turbine
5.2.3 Diagonal Turbine
5.2.4 Tubular Turbine
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Impulse Turbines
6.2.2 Reaction Turbines
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hydro Turbine Generator Sets Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Hydro Turbine Generator Sets Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Francis Turbine
9.6.2 Kaplan Turbine
9.6.3 Diagonal Turbine
9.6.4 Tubular Turbine
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Impulse Turbines
9.10.2 Reaction Turbines
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Francis Turbine
10.6.2 Kaplan Turbine
10.6.3 Diagonal Turbine
10.6.4 Tubular Turbine
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Impulse Turbines
10.10.2 Reaction Turbines
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Francis Turbine
11.6.2 Kaplan Turbine
11.6.3 Diagonal Turbine
11.6.4 Tubular Turbine
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Impulse Turbines
11.10.2 Reaction Turbines
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Francis Turbine
12.6.2 Kaplan Turbine
12.6.3 Diagonal Turbine
12.6.4 Tubular Turbine
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Impulse Turbines
12.10.2 Reaction Turbines
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Francis Turbine
13.6.2 Kaplan Turbine
13.6.3 Diagonal Turbine
13.6.4 Tubular Turbine
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Impulse Turbines
13.10.2 Reaction Turbines
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Hydro Turbine Generator Sets Market: Competitive Dashboard
14.2 Global Hydro Turbine Generator Sets Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Andritz
14.3.2 Alstom(GE)
14.3.3 Voith
14.3.4 Toshiba
14.3.5 Harbin Electric
14.3.6 Dongfang Electric
14.3.7 Power Machines
14.3.8 Hitachi Mitsubishi
14.3.9 IMPSA
14.3.10 Zhefu
14.3.11 CME
14.3.12 BHEL
14.3.13 Tianfa
14.3.14 Gilkes
14.3.15 Tianbao
