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Global Hydraulic Turbines Market to reach USD XXXX billion by the end of 2030.

Global Hydraulic Turbines Market Size study & Forecast, by Product Type (Reaction, Impulse), by Rating (Small (Less than 1MW), Medium (1MW to 10MW), Large (10MW and above)), by End-User (Industrial, Commercial, Residential) and Regional Analysis, 2023-2030

Product Code: EPRE-93162269
Publish Date: 10-09-2023
Page: 200

Global Hydraulic Turbines Market is valued at approximately USD XXX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XXX% over the forecast period 2023-2030. Hydraulic turbines are machines used to convert the energy of flowing or falling water into mechanical energy, which can then be used to generate electricity or perform other mechanical tasks. They are commonly used in hydroelectric power plants, where the force of moving water is harnessed to produce electricity. The need for renewable energy sources is anticipated to significantly grow, propelling the growth of the hydraulic turbine market. Governments all around the world are encouraging sustainable energy sources since they, unlike traditional power sources, can cut carbon emissions. The popularity of new technologies including run-of-river, low-head turbines, and small hydro plants is also anticipated to increase market demand. Also, among the key drivers of market expansion is the replacement of old coal and fossil fuel power facilities with renewable power plants.

Moreover, the rising investment in hydro projects is anticipated to create a lucrative demand for the market during the forecast period. In March 2023, SSE, a British power company, will spend USD 122 million on a Scottish pumped hydro project that might increase the nation’s capacity for energy storage. When power is required, pumped hydro plants generate it by pushing water uphill to a higher reservoir and then releasing it to allow it to flow through turbines as it descends. Additionally, cohesive government initiatives and subsidies are anticipated to create lucrative opportunities for the market during forecast period. However, the high initial installation cost and location constraints stifle market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Hydraulic Turbines Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the cohesive government initiative for hydro turbine technology and growing demand for renewable and sustainable energy sources in the region. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as governments in rising nations, like China, India, and South Korea, becoming more concerned about zero emission standards. Furthermore, China’s position as the world’s top producer of hydropower is anticipated to support market expansion in the Asia-Pacific region.

Major market players included in this report are:
General Electric
Siemens AG
Andritz AG
Canyon Industries Inc.
Voith GmbH & Co KGaA
Gilbert Gilkes & Gordon Ltd
KIRLOSKAR BROTHERS LTD
Norcan Hydraulic Turbine Inc.
Litostroj Power Group
Urban Green Energy
Recent Developments in the Market:
Ø Oct. 2021, Siemens Energy and Voith Hydro, a German technology company of the Voith Group with a focus on hydropower, formed a joint venture. According to estimates, this will allow Siemens Energy to concentrate mostly on moving and storing energy, decarbonizing business operations, and producing electricity with minimal or no CO2 emissions.
Global Hydraulic Turbines Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Product Type, Rating, End-User, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product Type:
Reaction
Impulse
By Rating:
Small (Less than 1MW)
Medium (1MW to 10MW)
Large (10MW and above)
By End-User:
Industrial
Commercial
Residential
By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Hydraulic Turbines Market, by Region, 2020-2030 (USD Billion)
1.2.2. Hydraulic Turbines Market, by Product Type, 2020-2030 (USD Billion)
1.2.3. Hydraulic Turbines Market, by Rating, 2020-2030 (USD Billion)
1.2.4. Hydraulic Turbines Market, by End-User, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Hydraulic Turbines Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Hydraulic Turbines Market Dynamics
3.1. Hydraulic Turbines Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Increase in demand for renewable and sustainable energy sources
3.1.1.2. Replacement of fossil fuel power plants
3.1.2. Market Challenges
3.1.2.1. High initial installation cost
3.1.3. Market Opportunities
3.1.3.1. Cohesive government initiatives and subsidies
Chapter 4. Global Hydraulic Turbines Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Hydraulic Turbines Market, by Product Type
5.1. Market Snapshot
5.2. Global Hydraulic Turbines Market by Product Type, Performance – Potential Analysis
5.3. Global Hydraulic Turbines Market Estimates & Forecasts by Product Type 2020-2030 (USD Billion)
5.4. Hydraulic Turbines Market, Sub Segment Analysis
5.4.1. Reaction
5.4.2. Impulse
Chapter 6. Global Hydraulic Turbines Market, by Rating
6.1. Market Snapshot
6.2. Global Hydraulic Turbines Market by Rating, Performance – Potential Analysis
6.3. Global Hydraulic Turbines Market Estimates & Forecasts by Rating 2020-2030 (USD Billion)
6.4. Hydraulic Turbines Market, Sub Segment Analysis
6.4.1. Small (Less than 1MW)
6.4.2. Medium (1MW to 10MW)
6.4.3. Large (10MW and above)
Chapter 7. Global Hydraulic Turbines Market, by End-User
7.1. Market Snapshot
7.2. Global Hydraulic Turbines Market by End-User, Performance – Potential Analysis
7.3. Global Hydraulic Turbines Market Estimates & Forecasts by End-User 2020-2030 (USD Billion)
7.4. Hydraulic Turbines Market, Sub Segment Analysis
7.4.1. Industrial
7.4.2. Commercial
7.4.3. Residential
Chapter 8. Global Hydraulic Turbines Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Hydraulic Turbines Market, Regional Market Snapshot
8.4. North America Hydraulic Turbines Market
8.4.1. U.S. Hydraulic Turbines Market
8.4.1.1. Product Type breakdown estimates & forecasts, 2020-2030
8.4.1.2. Rating breakdown estimates & forecasts, 2020-2030
8.4.1.3. End-User breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Hydraulic Turbines Market
8.5. Europe Hydraulic Turbines Market Snapshot
8.5.1. U.K. Hydraulic Turbines Market
8.5.2. Germany Hydraulic Turbines Market
8.5.3. France Hydraulic Turbines Market
8.5.4. Spain Hydraulic Turbines Market
8.5.5. Italy Hydraulic Turbines Market
8.5.6. Rest of Europe Hydraulic Turbines Market
8.6. Asia-Pacific Hydraulic Turbines Market Snapshot
8.6.1. China Hydraulic Turbines Market
8.6.2. India Hydraulic Turbines Market
8.6.3. Japan Hydraulic Turbines Market
8.6.4. Australia Hydraulic Turbines Market
8.6.5. South Korea Hydraulic Turbines Market
8.6.6. Rest of Asia Pacific Hydraulic Turbines Market
8.7. Latin America Hydraulic Turbines Market Snapshot
8.7.1. Brazil Hydraulic Turbines Market
8.7.2. Mexico Hydraulic Turbines Market
8.8. Middle East & Africa Hydraulic Turbines Market
8.8.1. Saudi Arabia Hydraulic Turbines Market
8.8.2. South Africa Hydraulic Turbines Market
8.8.3. Rest of Middle East & Africa Hydraulic Turbines Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. General Electric
9.3.1.1. Key Information
9.3.1.2. Overview
9.3.1.3. Financial (Subject to Data Availability)
9.3.1.4. Product Summary
9.3.1.5. Recent Developments
9.3.2. Siemens AG
9.3.3. Andritz AG
9.3.4. Canyon Industries Inc.
9.3.5. Voith GmbH & Co KGaA
9.3.6. Gilbert Gilkes & Gordon Ltd
9.3.7. KIRLOSKAR BROTHERS LTD
9.3.8. Norcan Hydraulic Turbine Inc.
9.3.9. Litostroj Power Group
9.3.10. Urban Green Energy
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

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Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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