Hydropower Turbines Market

By Type;

Reaction Turbine and Impulse Turbine

By Capacity;

Less Than 1 MW, Between 1 - 10 MW, and Above 10 MW

By Application;

Large Hydropower Turbines and Small Hydropower Turbines

By End Users;

Industrial Organizations and Utilities

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn702487191 Published Date: August, 2025 Updated Date: September, 2025

Hydropower Turbines Market Overview

Hydropower Turbines Market (USD Million)

Hydropower Turbines Market was valued at USD 1,788.67 million in the year 2024. The size of this market is expected to increase to USD 3,134.07 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 8.3%.


Hydropower Turbines Market

*Market size in USD million

CAGR 8.3 %


Study Period2025 - 2031
Base Year2024
CAGR (%)8.3 %
Market Size (2024)USD 1,788.67 Million
Market Size (2031)USD 3,134.07 Million
Market ConcentrationMedium
Report Pages332
1,788.67
2024
3,134.07
2031

Major Players

  • ANDRITZ
  • GENERAL ELECTRIC
  • Hitachi Mitsubishi Hydro
  • Siemens
  • TOSHIBA
  • WWS Wasserkraft GmbH
  • Kirloskar Brothers Limited
  • Cornell Pump Co.
  • Gilbert Gikes & Gordon Ltd
  • Harbin Electric Machinery

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Hydropower Turbines Market

Fragmented - Highly competitive market without dominant players


The Hydropower Turbines Market is witnessing strong expansion, fueled by the growing global demand for renewable and sustainable energy solutions. Hydropower continues to supply over 16% of the world’s electricity, with turbines playing a crucial role in converting water flow into clean power. The increasing need for energy security and reduced dependence on fossil fuels is driving investments into modern and efficient turbine technologies.

Rising Demand for Renewable Energy
The shift toward clean energy sources is a primary growth driver, with hydropower recognized as one of the most reliable and cost-effective options. More than 70% of renewable electricity globally is generated from hydropower, highlighting the central role of turbines in this transition. This demand surge is encouraging governments and private players to expand existing plants and develop new hydropower facilities.

Technological Advancements in Turbines
Ongoing innovations in turbine design are enhancing efficiency, durability, and environmental sustainability. Developments such as fish-friendly turbines and low-head designs are being adopted in nearly 30% of new hydropower projects. These advancements not only improve performance but also reduce ecological impact, making turbine technology more adaptable across diverse geographies.

Market Outlook and Growth Potential
The hydropower turbines market is set to maintain steady growth as global electricity demand continues to rise. With modernization of aging plants, integration of smart monitoring systems, and rising focus on sustainable water management, the sector is expected to see significant opportunities in the coming years. Strategic collaborations and R&D investments are likely to shape the next phase of market expansion.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Capacity
    3. Market Snapshot, By Application
    4. Market Snapshot, By End Users
    5. Market Snapshot, By Region
  4. Hydropower Turbines Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Energy Security
        2. Environmental Concerns
        3. Renewable Energy Transition
      2. Restraints
        1. High Initial Investment
        2. Environmental Impact
        3. Land and Community Disputes
      3. Opportunities
        1. Innovative Turbine Designs
        2. Decentralized Energy Solutions
        3. Rehabilitation of Aging Infrastructure
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Hydropower Turbines Market, By Type, 2021 - 2031 (USD Million)
      1. Reaction Turbine
      2. Impulse Turbine.
    2. Hydropower Turbines Market, By Capacity, 2021 - 2031 (USD Million)
      1. Less Than 1 MW

      2. Between 1 - 10 MW

      3. Above 10 MW Source.

    3. Hydropower Turbines Market, By Application, 2021 - 2031 (USD Million)
      1. Large Hydropower Turbines
      2. Small Hydropower Turbines
    4. Hydropower Turbines Market, By End Users, 2021 - 2031 (USD Million)

      1. Industrial Organizations

      2. Utilities

    5. Hydropower Turbines Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. ANDRITZ
      2. GENERAL ELECTRIC
      3. Hitachi Mitsubishi Hydro
      4. Siemens
      5. TOSHIBA
      6. WWS Wasserkraft GmbH
      7. Kirloskar Brothers Limited
      8. Cornell Pump Co.
      9. Gilbert Gikes & Gordon Ltd
      10. Harbin Electric Machinery
  7. Analyst Views
  8. Future Outlook of the Market