Investment in Hydropower Plant Projects Driving Global Hydro Trubine Market

Global hydro turbine market is anticipated to grow at a significant CAGR of 29.4% during the forecast period (2024-2031). This increased interest of both public and private entities in renewable energy owing to its offered benefits is a key factor driving the growth of the global hydro turbine market. Additionally, hydropower is more efficient than traditional fossil fuel sources (coal, natural, and oil). The most incredible efficiency of hydraulic energy is predicted to reach 90.0%, compared to 35–45.0% for fossil fuels. In contrast to fossil fuel power plants, hydraulic turbines utilize no natural resources and do not emit any direct emissions. These elements significantly contributed to the market's expansion during the forecast period.

Browse the full report description of “Hydro Turbine Market Size, Share & Trends Analysis Report by Technology (Reaction and Impulse),and by Capacity (Small (Less than 10MW), Medium (10MW - 100MW) and Large (Greater than 100MW)) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/hydro-turbine-market

As of 2017, almost 55.0% of the turbines installed at the existing facilities in the US are Francis turbines.In May 2018, Bharat Heavy Electricals Limited (BHEL) secured a contract from SJVN Arun-3 Power Development (SAPDC) to implement the 900 MW Arun-3 hydroelectric project. Under the USD 80 million deal, BHEL is expected to design, manufacture, supply, and commission four vertical 225 MW Francis turbines and generator sets.

Market Coverage

• The market number available for – 2023-2031

• Base year- 2023

• Forecast period- 2024-2031

• Segment Covered- 

o By Technology

o By Capacity

• Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

• Competitive Landscape- includes Andritz AG, General Electric Co., Litostroj Power Group and    Siemens AG, among others.

Key questions addressed by the report.

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Hydro Trubine Market Report Segment

By Technology

• Reaction      
• Impulse

By Capacity

• Small (Less than 10MW)        
• Medium (10MW - 100MW)        
• Large (Greater than 100MW)

Global Hydro Turbine Market Report Segment by Region

North America

• United States

• Canada

Europe

• UK

• Germany

• Italy

• Spain

• France

• Rest of Europe 

Asia-Pacific

• China

• India

• Japan

• South Korea

• Rest of Asia-Pacific 

Rest of the World

• Latin America 

• Middle East & Africa

To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/hydro-turbine-market