A hydro turbine, also known as a water turbine, is a device that harnesses the energy of flowing or falling water to generate mechanical power, which is then often converted into electrical power. These turbines are commonly used in hydroelectric power plants, where the kinetic energy of water is converted into rotational mechanical energy through the turbine's blades or vanes. The rotational motion of the turbine is then used to turn a generator, which produces electricity.

Some of the companies listed in the study from the complete survey list are Alstom Hydro (France), Voith Group (Germany), General Electric (United States), Andritz AG (Austria), Siemens Gamesa (Spain), Toshiba Corporation (Japan), BHEL (India), Dongfang Electric Corporation (China), Bharat Heavy Electricals Limited (India), Mitsubishi Hitachi Power Systems (Japan), Toshiba Corporation (Japan), GE Renewable Energy (United States), Zhejiang Fuchunjiang Hydropower Equipment (China), Gilbert Gilkes & Gordon Ltd. (UK), Wärtsilä Corporation (Finland).

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Market Trends

Turbine manufacturers continue to focus on improving the efficiency of hydro turbines. This includes the design of more advanced turbine blades and systems that can extract more energy from the available water flow, thus increasing overall power generation.

Market Drivers

Increasing shift towards renewable energy sources to tackle climate change in driving the market growth.

Market Opportunities:

Advancement in material and turbine design is making hydropower a more attractive option by increasing its efficiency and durability. In developing regions, there is a huge opportunity for the market player to offer small hydropower projects and upgrade facilities of existing power stations.

Hydro Turbine Market Segmentation

The Hydro Turbine Market is Segmented by Type (Kaplan, Francis, Pelton) by Capacity (Less than 10MW, 10MW – 100MW, Greater than 100MW) by Technology (Reaction, Impulse) and by Geography (North America, South America, Europe, Asia Pacific, MEA)

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