Market Overview:
The global Pelton turbine 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 power generation, rising investments in renewable energy sources, and growing awareness about the benefits of using Pelton turbines. The global Pelton turbine market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into single nozzle, twin-nozzle, and multi-nozzle turbines. The single nozzle turbine segment dominates the global Pelton turbine market owing to its low cost and easy installation process as compared to other types of turbines. However, with technological advancements being made in this field on a regular basis; twin-nozzle and multi-nozzle turbines are expected to witness high growth rates during the forecast period from 2018 to 2030. On account of their higher efficiency levels as compared to single nozzle turbines; these segments are likely find increased adoption in various applications such as power generation and aerospace among others over coming years. On account of their widespread use across various industries such as marine & offshore oil & gas production; aerospace; electric utilities etc.
Product Definition:
A Pelton turbine is a type of water turbine that uses a jet of water to rotate its blades. It was invented by Lester Allan Pelton in the 1870s. The importance of the Pelton turbine is that it can operate at high efficiency over a wide range of flow rates, making it well-suited for use in hydroelectric power plants.
Single Nozzle:
Single nozzle is a device that controls the flow of fluid in one direction. It can be used in various devices such as water turbines, steam turbines, gas turbines and diesel engines. The single nozzle helps to increase the efficiency of these devices by reducing losses caused due to backflow or leakage.
The turbine blades are fitted with single nozzles which reduce leakage around them and thus improve its performance by reducing energy losses caused due to backflow or leakage at high speeds.
Twin-Nozzle:
The twin-nozzle is a device that enables two independent gas streams to be injected into the combustion chamber at the same time. It helps in increasing power output by optimizing both injection and exhaust valves timing, which results in increased fuel efficiency and reduced emissions. The Pelton turbine uses this technology to provide improved fuel efficiency with low emissions for its users.
Application Insights:
Power generation was the dominant application segment in 2017 and accounted for a revenue share of more than 50%. The product is widely used in power generation plants, both small-scale as well as large-scale. Large-scale power generation requires huge investments from the government and henceforth private companies are investing through publicprivate partnerships.
The product has gained popularity due to its ability to produce energy while reducing operational costs at the same time improving environmental performance. Turbines used for power generation are designed with multiple nozzles that direct exhaust gases into narrow beams that spin turbines blades resulting in electricity production.
Aerospace is expected to be one of the fastest growing applications over the forecast period owing to increasing demand from low cost carriers such as Southwest Airlines, Ryanair.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of small-scale manufacturers, which makes it an attractive regional market for Pelton turbines. Furthermore, China is anticipated to dominate this region owing to rapid industrialization and increasing demand from end-use industries such as power generation, aerospace & defense and marine applications.
The European market was valued at USD X million in 2017 owing to high product demand from countries such as Germany, France and Russia that are among the largest consumers of electricity generation equipment across Europe. Moreover, these countries have a strong presence of OEMs that manufacture energy production equipment for other regions across Europe; therefore driving product penetration rates in this region over the forecast period.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization in developing countries
- Rapid deployment of renewable energy sources such as wind and solar power, which are complementary to hydroelectricity
- Shift towards decentralized power generation from centralized power plants
- Growing awareness about the benefits of using renewable energy sources such as Pelton turbines over conventional fuels such as diesel or petrol
- Technological advancements that have led to the development of more efficient and compact turbines
Scope Of The Report
Report Attributes
Report Details
Report Title
Pelton Turbine Market Research Report
By Type
Single Nozzle, Twin-Nozzle, Multi-Nozzle
By Application
Power Generation, Aerospace, Marine, Other
By Companies
Andritz, GE, Voith, Toshiba, Harbin Electric, Dongfang Electric, Power Machines, Hitachi Mitsubishi, IMPSA, Gilkes, Andritz
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
188
Number of Tables & Figures
132
Customization Available
Yes, the report can be customized as per your need.
Global Pelton Turbine Market Report Segments:
The global Pelton Turbine market is segmented on the basis of:
Types
Single Nozzle, Twin-Nozzle, Multi-Nozzle
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
Power Generation, Aerospace, Marine, Other
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
- GE
- Voith
- Toshiba
- Harbin Electric
- Dongfang Electric
- Power Machines
- Hitachi Mitsubishi
- IMPSA
- Gilkes
- Andritz
Highlights of The Pelton Turbine 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:
- Single Nozzle
- Twin-Nozzle
- Multi-Nozzle
- By Application:
- Power Generation
- Aerospace
- Marine
- Other
- 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 Pelton Turbine 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.
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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?
A Pelton turbine is a type of turbine that uses the wind to power an engine.
Some of the major companies in the pelton turbine market are Andritz, GE, Voith, Toshiba, Harbin Electric, Dongfang Electric, Power Machines, Hitachi Mitsubishi, IMPSA, Gilkes, Andritz.
The pelton turbine market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Pelton Turbine 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 Pelton Turbine Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Pelton Turbine 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 Pelton Turbine 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 Pelton Turbine Market Size & Forecast, 2020-2028 4.5.1 Pelton Turbine Market Size and Y-o-Y Growth 4.5.2 Pelton Turbine 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 Single Nozzle
5.2.2 Twin-Nozzle
5.2.3 Multi-Nozzle
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 Power Generation
6.2.2 Aerospace
6.2.3 Marine
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Pelton Turbine 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 Pelton Turbine 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 Single Nozzle
9.6.2 Twin-Nozzle
9.6.3 Multi-Nozzle
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 Power Generation
9.10.2 Aerospace
9.10.3 Marine
9.10.4 Other
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 Single Nozzle
10.6.2 Twin-Nozzle
10.6.3 Multi-Nozzle
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 Power Generation
10.10.2 Aerospace
10.10.3 Marine
10.10.4 Other
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 Single Nozzle
11.6.2 Twin-Nozzle
11.6.3 Multi-Nozzle
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 Power Generation
11.10.2 Aerospace
11.10.3 Marine
11.10.4 Other
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 Single Nozzle
12.6.2 Twin-Nozzle
12.6.3 Multi-Nozzle
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 Power Generation
12.10.2 Aerospace
12.10.3 Marine
12.10.4 Other
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 Single Nozzle
13.6.2 Twin-Nozzle
13.6.3 Multi-Nozzle
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 Power Generation
13.10.2 Aerospace
13.10.3 Marine
13.10.4 Other
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 Pelton Turbine Market: Competitive Dashboard
14.2 Global Pelton Turbine Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Andritz
14.3.2 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 Gilkes
14.3.11 Andritz