Market Overview:
The global water turbines market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for power and energy, rising concerns over climate change, and growing investments in renewable energy sources. The impulse water turbines segment is expected to grow at a CAGR of 6.0% from 2018 to 2030, while the reactive water turbines segment is projected to grow at a CAGR of 4.8%. The power generation application segment is expected to dominate the global water turbines market with a share of 43%, followed by agriculture (27%), marine application (10%), mechanical drives (7%), and others (3%). In terms of region, North America accounted for the largest share of 36% in 2017, followed by Europe (30%) and Asia Pacific (24%).
Product Definition:
A water turbine is a machine that extracts energy from moving water, typically to generate electricity. Water turbines are used in hydroelectric power plants to generate electrical power from kinetic energy of flowing water.
Impulse Water Turbines:
Impulse water turbines, also known as hydro-turbines or water turbines, are used to convert the kinetic energy of moving water into useful power. They are mainly used in hydroelectric plants for electricity generation. The turbine blades are mounted on a shaft that is driven by the flow of the river and any other streams or canals flowing through the plant site.
Reactive Water Turbines:
Reactive water turbines are devices that use the moving water to produce energy. They work on the basic principle of reaction between stream and turbine blades, which causes movement of fluid in contrary direction to that of original flow. The product is eco-friendly as it does not involve any harmful emissions or substances, making it suitable for usage in environmentally sensitive areas such as along the banks of a river or lake.
Application Insights:
Power generation was the dominant application segment in the global water turbines market, accounting for over 75% of the revenue share in 2017. The power generation application is projected to witness significant growth at a CAGR of XX% from 2018 to 2030 owing to an increase in demand for clean energy and growing concerns regarding greenhouse gas emissions.
The mechanical drives segment is expected to grow at a substantial rate over the forecast period due largely to its ability as an effective substitute for diesel engines resulting in reduced fuel costs and emission levels. Furthermore, increasing environmental awareness has resulted in increased adoption of these devices across several industries including marine applications where they are used primarily as generators on ships or yachts, thereby driving growth during this period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. China, India, Japan, South Korea and Taiwan are some of the major countries that have contributed significantly to regional growth. The region has a large number of water turbines owing to extensive hydroelectric power generation coupled with agricultural purposes. Countries such as Australia use a combination of both water turbines and fossil fuels for power generation applications due to high demand from end-users along with low availability & cost of energy from alternative sources such as wind & solar PV (Photovoltaic).
Europe was estimated at USD X million in 2017 owing to growing awareness regarding environment protection along with increasing focus on reducing carbon footprint by using eco-friendly technologies across several countries including Germany, Switzerland, Norway Italy among others are anticipated boost regional growth over the next eight years or so (2030).
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
- Rising prices of fossil fuels that are used to generate electricity
- Technological advancements making water turbines more efficient and reliable
- Growing awareness about the benefits of using renewable energy sources over traditional ones
Scope Of The Report
Report Attributes
Report Details
Report Title
Water Turbines Market Research Report
By Type
Impulse Water Turbines, Reactive Water Turbines
By Application
Power Generation, Agriculture, Marine Application, Mechanical Drives, Others
By Companies
GE Renewable Energy, Hydro-Quebec, Kirloskar Brothers, Obermeyer Hydro, MITSUBISHI HEAVY INDUSTRIES, OSSBERGER, Canyon Industries, WWS wasserkraft, Voith, Nautilus, GE Renewable Energy, GENERAL ELECTRIC, 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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Water Turbines Market Report Segments:
The global Water Turbines market is segmented on the basis of:
Types
Impulse Water Turbines, Reactive Water Turbines
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, Agriculture, Marine Application, Mechanical Drives, Others
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:
- GE Renewable Energy
- Hydro-Quebec
- Kirloskar Brothers
- Obermeyer Hydro
- MITSUBISHI HEAVY INDUSTRIES
- OSSBERGER
- Canyon Industries
- WWS wasserkraft
- Voith
- Nautilus
- GE Renewable Energy
- GENERAL ELECTRIC
- ANDRITZ
Highlights of The Water Turbines 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:
- Impulse Water Turbines
- Reactive Water Turbines
- By Application:
- Power Generation
- Agriculture
- Marine Application
- Mechanical Drives
- Others
- 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 Water Turbines 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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- Understanding Competition Scenario
- Product & Brand Management
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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?
Water turbines are a type of turbine that uses the power of flowing water to turn a propeller or other type of engine. They can be used to generate electricity, produce mechanical power, or provide hydraulic pressure.
Some of the major companies in the water turbines market are GE Renewable Energy, Hydro-Quebec, Kirloskar Brothers, Obermeyer Hydro, MITSUBISHI HEAVY INDUSTRIES, OSSBERGER, Canyon Industries, WWS wasserkraft, Voith, Nautilus, GE Renewable Energy, GENERAL ELECTRIC, ANDRITZ.
The water turbines 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 Water Turbines 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 Water Turbines Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Water Turbines 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 Water Turbines 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 Water Turbines Market Size & Forecast, 2018-2028
4.5.1 Water Turbines Market Size and Y-o-Y Growth
4.5.2 Water Turbines Market Absolute $ Opportunity
Chapter 5 Global Water Turbines 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 Water Turbines Market Size Forecast by Type
5.2.1 Impulse Water Turbines
5.2.2 Reactive Water Turbines
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Water Turbines 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 Water Turbines Market Size Forecast by Applications
6.2.1 Power Generation
6.2.2 Agriculture
6.2.3 Marine Application
6.2.4 Mechanical Drives
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Water Turbines 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 Water Turbines 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 Water Turbines Analysis and Forecast
9.1 Introduction
9.2 North America Water Turbines 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 Water Turbines Market Size Forecast by Type
9.6.1 Impulse Water Turbines
9.6.2 Reactive Water Turbines
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 Water Turbines Market Size Forecast by Applications
9.10.1 Power Generation
9.10.2 Agriculture
9.10.3 Marine Application
9.10.4 Mechanical Drives
9.10.5 Others
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 Water Turbines Analysis and Forecast
10.1 Introduction
10.2 Europe Water Turbines 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 Water Turbines Market Size Forecast by Type
10.6.1 Impulse Water Turbines
10.6.2 Reactive Water Turbines
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 Water Turbines Market Size Forecast by Applications
10.10.1 Power Generation
10.10.2 Agriculture
10.10.3 Marine Application
10.10.4 Mechanical Drives
10.10.5 Others
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 Water Turbines Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Water Turbines 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 Water Turbines Market Size Forecast by Type
11.6.1 Impulse Water Turbines
11.6.2 Reactive Water Turbines
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 Water Turbines Market Size Forecast by Applications
11.10.1 Power Generation
11.10.2 Agriculture
11.10.3 Marine Application
11.10.4 Mechanical Drives
11.10.5 Others
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 Water Turbines Analysis and Forecast
12.1 Introduction
12.2 Latin America Water Turbines 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 Water Turbines Market Size Forecast by Type
12.6.1 Impulse Water Turbines
12.6.2 Reactive Water Turbines
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 Water Turbines Market Size Forecast by Applications
12.10.1 Power Generation
12.10.2 Agriculture
12.10.3 Marine Application
12.10.4 Mechanical Drives
12.10.5 Others
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) Water Turbines Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Water Turbines 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) Water Turbines Market Size Forecast by Type
13.6.1 Impulse Water Turbines
13.6.2 Reactive Water Turbines
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) Water Turbines Market Size Forecast by Applications
13.10.1 Power Generation
13.10.2 Agriculture
13.10.3 Marine Application
13.10.4 Mechanical Drives
13.10.5 Others
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 Water Turbines Market: Competitive Dashboard
14.2 Global Water Turbines Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GE Renewable Energy
14.3.2 Hydro-Quebec
14.3.3 Kirloskar Brothers
14.3.4 Obermeyer Hydro
14.3.5 MITSUBISHI HEAVY INDUSTRIES
14.3.6 OSSBERGER
14.3.7 Canyon Industries
14.3.8 WWS wasserkraft
14.3.9 Voith
14.3.10 Nautilus
14.3.11 GE Renewable Energy
14.3.12 GENERAL ELECTRIC
14.3.13 ANDRITZ
