Hydro Turbine Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Global Hydro Turbine Manufacturers & Market Share and it is Segmented by Technology (Reaction and Impulse), Capacity (Small (Less than 10MW), Medium (10MW - 100MW), and Large (Greater than 100MW)), and Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa)

Hydro Turbine Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Hydro Turbine Market Size

Hydro Turbine Market Size
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2020 - 2023
CAGR 2.50 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific

Major Players

Hydro Turbine Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Hydro Turbine Market Analysis

The Hydro Turbine Market is expected to register a CAGR of greater than 2.5% during the forecast period.

  • Reaction turbine segment, by technology, of hydro turbine is expected to be the largest market during the forecast period, owing to increased use of reaction turbine types such as Francis turbine and Kaplan turbines.
  • Expansion of energy intensive industries in African countries such as Nigeria, Angola, and Ghana are expected to provide a significant opportunity for hydro turbine market in the near future.
  • Asia-Pacific is the largest market and is also expected to be the fastest growing market, owing to the highest annual increase in hydro power capacity in 2018, continuing the growth trajectory.

Hydro Turbine Industry Overview

The hydro turbine market is moderately consolidated. Some of the key players are General Electric Co., Siemens AG, Andritz AG, Litostroj Power Group, and Voith GmbH & Co. KGaA.

Hydro Turbine Market Leaders

  1. General Electric Co.

  2. Siemens AG

  3. Andritz AG

  4. Litostroj Power Group

  5. Voith GmbH & Co. KGaA

  6. *Disclaimer: Major Players sorted in no particular order
General Electric Co., Siemens AG, Andritz AG, Litostroj Power Group, and Voith GmbH & Co. KGaA.
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Hydro Turbine Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD billion, till 2025
  • 4.3 Hydroelectricity Generation and Forecast, in TWh, till 2025
  • 4.4 Recent Trends and Developments
  • 4.5 Government Policies and Regulations
  • 4.6 Market Dynamics
    • 4.6.1 Drivers
    • 4.6.2 Restraints
  • 4.7 Supply Chain Analysis
  • 4.8 Porter's Five Forces Analysis
    • 4.8.1 Bargaining Power of Suppliers
    • 4.8.2 Bargaining Power of Consumers
    • 4.8.3 Threat of New Entrants
    • 4.8.4 Threat of Substitutes Products and Services
    • 4.8.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Technology
    • 5.1.1 Reaction
    • 5.1.2 Impulse
  • 5.2 Capacity
    • 5.2.1 Small (Less than 10MW)
    • 5.2.2 Medium (10MW - 100MW)
    • 5.2.3 Large (Greater than 100MW)
  • 5.3 Geography
    • 5.3.1 North America
    • 5.3.2 Europe
    • 5.3.3 Asia-Pacific
    • 5.3.4 South America
    • 5.3.5 Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 General Electric Company
    • 6.3.2 Siemens AG
    • 6.3.3 Andritz AG
    • 6.3.4 Canyon Industries Inc.
    • 6.3.5 Voith GmbH & Co. KGaA
    • 6.3.6 Gilbert Gilkes & Gordon Ltd
    • 6.3.7 Kirloskar Brothers Ltd
    • 6.3.8 Norcan Hydraulic Turbine Inc.
    • 6.3.9 Litostroj Power Group
    • 6.3.10 WWS-Wasserkraft GmbH
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Hydro Turbine Industry Segmentation

The hydro turbine market report include:

Technology Reaction
Impulse
Capacity Small (Less than 10MW)
Medium (10MW - 100MW)
Large (Greater than 100MW)
Geography North America
Europe
Asia-Pacific
South America
Middle-East and Africa
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Hydro Turbine Market Research FAQs

What is the current Hydro Turbine Market size?

The Hydro Turbine Market is projected to register a CAGR of greater than 2.5% during the forecast period (2025-2030)

Who are the key players in Hydro Turbine Market?

General Electric Co., Siemens AG, Andritz AG, Litostroj Power Group and Voith GmbH & Co. KGaA are the major companies operating in the Hydro Turbine Market.

Which is the fastest growing region in Hydro Turbine Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Hydro Turbine Market?

In 2025, the Asia Pacific accounts for the largest market share in Hydro Turbine Market.

What years does this Hydro Turbine Market cover?

The report covers the Hydro Turbine Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Hydro Turbine Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Hydro Turbine Industry Report

Statistics for the 2025 Hydro Turbine market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Hydro Turbine analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.