Product Code: 17420
The Global Hydro Turbine Market will grow from USD 2.82 Billion in 2025 to USD 3.81 Billion by 2031 at a 5.14% CAGR. A hydro turbine is a rotary mechanical device that converts the kinetic and potential energy of flowing water into mechanical work, serving as the essential prime mover for electricity generation in hydropower facilities.
| Market Overview |
| Forecast Period | 2027-2031 |
| Market Size 2025 | USD 2.82 Billion |
| Market Size 2031 | USD 3.81 Billion |
| CAGR 2026-2031 | 5.14% |
| Fastest Growing Segment | Large Hydro Power Plants |
| Largest Market | Asia Pacific |
Key Market Drivers
The modernization and refurbishment of aging hydropower infrastructure operates as a primary catalyst for market demand, necessitating the replacement of electromechanical equipment to extend facility lifespans and enhance performance. As effective operational decades pass, operators are compelled to retrofit existing plants with advanced turbine technologies that offer improved hydraulic efficiency and reduced environmental impact.
Key Market Challenges
The Global Hydro Turbine Market faces considerable constraints driven by substantial upfront capital expenditures and protracted regulatory approval processes. Large-scale hydropower projects necessitate significant initial funding for civil works, environmental mitigation, and equipment procurement long before electricity generation begins. This capital intensity renders projects highly sensitive to financing terms and economic volatility, often deterring private investment. Additionally, navigating complex permitting requirements across multiple jurisdictions leads to extended development timelines. These delays frequently result in project postponements or cancellations, which directly restricts the volume of new turbine orders and hampers manufacturing momentum.
Key Market Trends
The adoption of small-scale and modular hydropower systems is accelerating as nations prioritize decentralized energy generation and rural electrification with minimal environmental disruption. Unlike large dams, these systems require limited civil works and can be rapidly deployed in remote locations, making them a preferred solution for off-grid communities and industrial clusters seeking reliable baseload power. This shift is further enabled by standardized turbine designs that reduce manufacturing lead times and installation costs, allowing for quicker project realization compared to traditional large-scale infrastructure.
Key Market Players
- Voith Group
- GE Renewable Energy
- Andritz AG
- Siemens Energy AG
- Harbin Electric International Company Limited
- Dongfang Electric Corporation. Ltd
- Hitachi Ltd
- Mitsubishi Heavy Industries Ltd
- Toshiba Corporation
- Alstom Holdings
Report Scope:
In this report, the Global Hydro Turbine Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Hydro Turbine Market, By Turbine:
- Impulse Turbine
- Reaction Turbine
Hydro Turbine Market, By Head:
- Low Head Turbine
- Medium Head Turbine
- High Head Turbine
Hydro Turbine Market, By Installation Site:
- Small Hydro Power Plant
- Medium Hydro Power Plant
- Large Hydro Power Plants
Hydro Turbine Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Hydro Turbine Market.
Available Customizations:
Global Hydro Turbine Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Table of Contents
1. Product Overview
- 1.1. Market Definition
- 1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations
2. Research Methodology
- 2.1. Objective of the Study
- 2.2. Baseline Methodology
- 2.3. Key Industry Partners
- 2.4. Major Association and Secondary Sources
- 2.5. Forecasting Methodology
- 2.6. Data Triangulation & Validation
- 2.7. Assumptions and Limitations
3. Executive Summary
- 3.1. Overview of the Market
- 3.2. Overview of Key Market Segmentations
- 3.3. Overview of Key Market Players
- 3.4. Overview of Key Regions/Countries
- 3.5. Overview of Market Drivers, Challenges, Trends
4. Voice of Customer
5. Global Hydro Turbine Market Outlook
- 5.1. Market Size & Forecast
- 5.2. Market Share & Forecast
- 5.2.1. By Turbine (Impulse Turbine, Reaction Turbine)
- 5.2.2. By Head (Low Head Turbine, Medium Head Turbine, High Head Turbine)
- 5.2.3. By Installation Site (Small Hydro Power Plant, Medium Hydro Power Plant, Large Hydro Power Plants)
- 5.2.4. By Region
- 5.2.5. By Company (2025)
- 5.3. Market Map
6. North America Hydro Turbine Market Outlook
- 6.1. Market Size & Forecast
- 6.2. Market Share & Forecast
- 6.2.1. By Turbine
- 6.2.2. By Head
- 6.2.3. By Installation Site
- 6.2.4. By Country
- 6.3. North America: Country Analysis
- 6.3.1. United States Hydro Turbine Market Outlook
- 6.3.1.1. Market Size & Forecast
- 6.3.1.2. Market Share & Forecast
- 6.3.1.2.1. By Turbine
- 6.3.1.2.2. By Head
- 6.3.1.2.3. By Installation Site
- 6.3.2. Canada Hydro Turbine Market Outlook
- 6.3.2.1. Market Size & Forecast
- 6.3.2.2. Market Share & Forecast
- 6.3.2.2.1. By Turbine
- 6.3.2.2.2. By Head
- 6.3.2.2.3. By Installation Site
- 6.3.3. Mexico Hydro Turbine Market Outlook
- 6.3.3.1. Market Size & Forecast
- 6.3.3.2. Market Share & Forecast
- 6.3.3.2.1. By Turbine
- 6.3.3.2.2. By Head
- 6.3.3.2.3. By Installation Site
7. Europe Hydro Turbine Market Outlook
- 7.1. Market Size & Forecast
- 7.2. Market Share & Forecast
- 7.2.1. By Turbine
- 7.2.2. By Head
- 7.2.3. By Installation Site
- 7.2.4. By Country
- 7.3. Europe: Country Analysis
- 7.3.1. Germany Hydro Turbine Market Outlook
- 7.3.1.1. Market Size & Forecast
- 7.3.1.2. Market Share & Forecast
- 7.3.1.2.1. By Turbine
- 7.3.1.2.2. By Head
- 7.3.1.2.3. By Installation Site
- 7.3.2. France Hydro Turbine Market Outlook
- 7.3.2.1. Market Size & Forecast
- 7.3.2.2. Market Share & Forecast
- 7.3.2.2.1. By Turbine
- 7.3.2.2.2. By Head
- 7.3.2.2.3. By Installation Site
- 7.3.3. United Kingdom Hydro Turbine Market Outlook
- 7.3.3.1. Market Size & Forecast
- 7.3.3.2. Market Share & Forecast
- 7.3.3.2.1. By Turbine
- 7.3.3.2.2. By Head
- 7.3.3.2.3. By Installation Site
- 7.3.4. Italy Hydro Turbine Market Outlook
- 7.3.4.1. Market Size & Forecast
- 7.3.4.2. Market Share & Forecast
- 7.3.4.2.1. By Turbine
- 7.3.4.2.2. By Head
- 7.3.4.2.3. By Installation Site
- 7.3.5. Spain Hydro Turbine Market Outlook
- 7.3.5.1. Market Size & Forecast
- 7.3.5.2. Market Share & Forecast
- 7.3.5.2.1. By Turbine
- 7.3.5.2.2. By Head
- 7.3.5.2.3. By Installation Site
8. Asia Pacific Hydro Turbine Market Outlook
- 8.1. Market Size & Forecast
- 8.2. Market Share & Forecast
- 8.2.1. By Turbine
- 8.2.2. By Head
- 8.2.3. By Installation Site
- 8.2.4. By Country
- 8.3. Asia Pacific: Country Analysis
- 8.3.1. China Hydro Turbine Market Outlook
- 8.3.1.1. Market Size & Forecast
- 8.3.1.2. Market Share & Forecast
- 8.3.1.2.1. By Turbine
- 8.3.1.2.2. By Head
- 8.3.1.2.3. By Installation Site
- 8.3.2. India Hydro Turbine Market Outlook
- 8.3.2.1. Market Size & Forecast
- 8.3.2.2. Market Share & Forecast
- 8.3.2.2.1. By Turbine
- 8.3.2.2.2. By Head
- 8.3.2.2.3. By Installation Site
- 8.3.3. Japan Hydro Turbine Market Outlook
- 8.3.3.1. Market Size & Forecast
- 8.3.3.2. Market Share & Forecast
- 8.3.3.2.1. By Turbine
- 8.3.3.2.2. By Head
- 8.3.3.2.3. By Installation Site
- 8.3.4. South Korea Hydro Turbine Market Outlook
- 8.3.4.1. Market Size & Forecast
- 8.3.4.2. Market Share & Forecast
- 8.3.4.2.1. By Turbine
- 8.3.4.2.2. By Head
- 8.3.4.2.3. By Installation Site
- 8.3.5. Australia Hydro Turbine Market Outlook
- 8.3.5.1. Market Size & Forecast
- 8.3.5.2. Market Share & Forecast
- 8.3.5.2.1. By Turbine
- 8.3.5.2.2. By Head
- 8.3.5.2.3. By Installation Site
9. Middle East & Africa Hydro Turbine Market Outlook
- 9.1. Market Size & Forecast
- 9.2. Market Share & Forecast
- 9.2.1. By Turbine
- 9.2.2. By Head
- 9.2.3. By Installation Site
- 9.2.4. By Country
- 9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Hydro Turbine Market Outlook
- 9.3.1.1. Market Size & Forecast
- 9.3.1.2. Market Share & Forecast
- 9.3.1.2.1. By Turbine
- 9.3.1.2.2. By Head
- 9.3.1.2.3. By Installation Site
- 9.3.2. UAE Hydro Turbine Market Outlook
- 9.3.2.1. Market Size & Forecast
- 9.3.2.2. Market Share & Forecast
- 9.3.2.2.1. By Turbine
- 9.3.2.2.2. By Head
- 9.3.2.2.3. By Installation Site
- 9.3.3. South Africa Hydro Turbine Market Outlook
- 9.3.3.1. Market Size & Forecast
- 9.3.3.2. Market Share & Forecast
- 9.3.3.2.1. By Turbine
- 9.3.3.2.2. By Head
- 9.3.3.2.3. By Installation Site
10. South America Hydro Turbine Market Outlook
- 10.1. Market Size & Forecast
- 10.2. Market Share & Forecast
- 10.2.1. By Turbine
- 10.2.2. By Head
- 10.2.3. By Installation Site
- 10.2.4. By Country
- 10.3. South America: Country Analysis
- 10.3.1. Brazil Hydro Turbine Market Outlook
- 10.3.1.1. Market Size & Forecast
- 10.3.1.2. Market Share & Forecast
- 10.3.1.2.1. By Turbine
- 10.3.1.2.2. By Head
- 10.3.1.2.3. By Installation Site
- 10.3.2. Colombia Hydro Turbine Market Outlook
- 10.3.2.1. Market Size & Forecast
- 10.3.2.2. Market Share & Forecast
- 10.3.2.2.1. By Turbine
- 10.3.2.2.2. By Head
- 10.3.2.2.3. By Installation Site
- 10.3.3. Argentina Hydro Turbine Market Outlook
- 10.3.3.1. Market Size & Forecast
- 10.3.3.2. Market Share & Forecast
- 10.3.3.2.1. By Turbine
- 10.3.3.2.2. By Head
- 10.3.3.2.3. By Installation Site
11. Market Dynamics
- 11.1. Drivers
- 11.2. Challenges
12. Market Trends & Developments
- 12.1. Merger & Acquisition (If Any)
- 12.2. Product Launches (If Any)
- 12.3. Recent Developments
13. Global Hydro Turbine Market: SWOT Analysis
14. Porter's Five Forces Analysis
- 14.1. Competition in the Industry
- 14.2. Potential of New Entrants
- 14.3. Power of Suppliers
- 14.4. Power of Customers
- 14.5. Threat of Substitute Products
15. Competitive Landscape
- 15.1. Voith Group
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
- 15.2. GE Renewable Energy
- 15.3. Andritz AG
- 15.4. Siemens Energy AG
- 15.5. Harbin Electric International Company Limited
- 15.6. Dongfang Electric Corporation. Ltd
- 15.7. Hitachi Ltd
- 15.8. Mitsubishi Heavy Industries Ltd
- 15.9. Toshiba Corporation
- 15.10. Alstom Holdings
16. Strategic Recommendations
17. About Us & Disclaimer