PUBLISHER: The Business Research Company | PRODUCT CODE: 1923251
PUBLISHER: The Business Research Company | PRODUCT CODE: 1923251
A hydropower turbine is a device employed in hydroelectric power stations to convert the kinetic energy of water into the rotational energy of a shaft. This rotational energy is then harnessed to generate electricity. These turbines play a crucial role in the process of transforming water's motion into a sustainable source of renewable energy and are integral components of hydroelectric power stations.
The primary types of hydropower turbines include reactive, impulse, gravity, and others. A reactive turbine is designed to accelerate the working fluid, such as water or steam, through contraction in both the stationary nozzles and the rotor blades. Reactive turbines are categorized based on head types, including low head turbines (up to 30m), medium head turbines (30-300m), and high head turbines (above 300m). Installation formats vary, encompassing small turbines (up to 1MW), medium turbines (1MW-10MW), and large hydropower plants (above 10MW). These turbines find applications in power generation, power storage, marine, and aeronautics.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
Tariffs on steel, generators, blades, and electromechanical systems are increasing production and installation costs for hydropower turbines, affecting small and medium hydropower projects in Asia Pacific, Latin America, and Africa where component imports are significant. These tariffs slow procurement and construction timelines but also encourage domestic manufacturing and innovation in turbine materials and design, ultimately supporting long term cost reduction and improved energy efficiency in the hydropower turbine market.
The hydropower turbine market research report is one of a series of new reports from The Business Research Company that provides hydropower turbine market statistics, including hydropower turbine industry global market size, regional shares, competitors with hydropower turbine market share, detailed hydropower turbine market segments, market trends, and opportunities, and any further data you may need to thrive in the hydropower turbine industry. This hydropower turbine market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The hydropower turbine market size has grown steadily in recent years. It will grow from $2.13 billion in 2025 to $2.23 billion in 2026 at a compound annual growth rate (CAGR) of 4.5%. The growth in the historic period can be attributed to expansion of large hydropower infrastructure, early adoption of francis and pelton turbines, government investment in renewable power generation, increasing electricity demand from industrial sectors, availability of abundant water based energy resources.
The hydropower turbine market size is expected to see steady growth in the next few years. It will grow to $2.67 billion in 2030 at a compound annual growth rate (CAGR) of 4.6%. The growth in the forecast period can be attributed to growing focus on sustainable energy generation, rising investments in small hydro projects, increasing demand for high efficiency turbine upgrades, adoption of digital monitoring solutions for turbines, modernization of hydropower plants to improve performance. Major trends in the forecast period include increasing adoption of advanced high efficiency turbine designs, rising deployment of small and medium hydropower installations, growing use of cavitation resistant materials, expansion of fish friendly and low impact turbine technologies, growing replacement and refurbishment of aging turbines.
The increasing usage of hydroelectricity is anticipated to drive the growth of the hydropower turbine market in the coming years. Hydroelectricity, generated by harnessing the energy of flowing or falling water, provides a stable and secure energy source with minimal greenhouse gas emissions, contributing to energy security. Hydropower turbines play a pivotal role in this process by converting the kinetic energy of flowing water into mechanical energy, which is further transformed into electrical energy by a generator. According to the International Energy Agency (IEA), hydroelectricity generation saw a significant increase, climbing by over 70 TWh (2%) to reach 4,300 TWh globally in 2022. In Europe alone, there was a change in hydropower output of 58 TWh in 2023, marking a percentage change of 10.3%. This surge in hydroelectricity usage is a key driver propelling the hydropower turbine market.
Major companies operating in the hydropower turbine market are focusing on advancements in turbine technology, such as VETT-in-a-Box, to strengthen their product portfolios and competitive positions. VETT-in-a-Box is a plug-and-play micro hydropower system capable of generating electricity from small rivers, wastewater outflows, lock gates, or canals with a head drop of just two meters. For example, in January 2025, the U.S. Department of Energy (DOE)-a federal agency responsible for national energy policy, nuclear safety, and energy research-announced a testing initiative involving 12 hydropower technology developers under the Hydropower Testing Network (HyTN). The initiative includes solutions such as an optical fiber ultraviolet anti-biofouling system, fish-safe intake louvers, and composite polymer coatings designed to enhance turbine maintenance and reliability.
In May 2023, ITOCHU Corporation, a Japan-based provider of global trading and investment services in machinery, energy infrastructure, and renewable energy projects, acquired American Hydro, Inc. for an undisclosed amount. With this acquisition, ITOCHU aimed to bolster its hydropower turbine manufacturing and maintenance capabilities in North America to capitalize on the growing demand for upgrades to aging hydropower infrastructure. American Hydro, Inc. is a U.S.-based provider specializing in water turbine design, manufacturing, installation, and maintenance services for hydraulic power stations.
Major companies operating in the hydropower turbine market are General Electric, Toshiba Corporation, Andritz AG, Fuji Electric Co. Ltd., Dongfang Electric Corporation Ltd, Voith Group, Harbin Electric Corporation, Ansaldo Energia SpA, UCM Resita SA, IMPSA SA, Tyazhmash AO, Gilbert Gilkes and Gordon Ltd, MAX-tec Wasserkraft AG, Wasserkraft Volk AG, HS Dynamic Energy Co.Ltd, Addnew Technologies Limited, Entec AG, Derwent Hydro, Evans Engineering Ltd, Heidra Ltd, Zhefu Holding Group Co Ltd, and ProViento S.A.
Asia-Pacific was the largest region in the hydropower turbine market in 2025. The regions covered in the hydropower turbine market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the hydropower turbine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The hydropower turbine market consists of sales of francis turbines, pelton turbines, kaplan turbines, deriaz turbines, jonval turbines, screw turbines, and barkh turbines. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Hydropower Turbine Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses hydropower turbine market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for hydropower turbine ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The hydropower turbine market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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