Hydraulic Turbine Market Size, Trends Analysis Research Report By Type (Reaction Turbine, Impulse Turbine), by Design (Pelton Wheel, Francis Turbine, Kaplan Turbine, Crossflow Turbine, Bulb Turbine), by Capacity, by End User, and By Region Global Market Analysis And Forecast, 2025-2034
Nov-2025 Formats | PDF | Category: Energy & Power | Delivery: 24 to 72 Hours
Global revenue from the Hydraulic Turbine market is predictable at US$ 29.84 Billion in 2025 and has been concerned to existing at a CAGR of 4.8% to extent US$ 46.98 Billion by the end of 2034.
Hydraulic Turbine Market Research Summary
The hydraulic turbine market is going through a major expansion globally. This is mainly caused by the demand for clean energy sources and the focus on the renewable energy sector. This extensive overview goes deep into the aspects that affect the market landscape and provides the insights of the coming developments.
The hydraulic turbine market keeps getting bigger and bigger. This is proven by the large number of new hydropower projects that are being initiated all over the world. In fact, market growth is only limited by technological advancements and innovations.
The top companies in the hydraulic turbine market are investing a lot of money and time in research and development. This is for the purpose of improving the efficiency and performance of the products. Competition among the major players is getting tougher, thus, leading to a greater diversity of product options.
With the support of favorable government policies that promote the adoption of renewable energy, the market is set to expand its potential for significant growth opportunities. Furthermore, the decision to place less emphasis on carbon emissions and achieve environmental sustainability objectives will eventually result in the skyrocketing of the market.
In short, the hydraulic turbine market has a bright future with continued advancements, technological innovations, and new openings in the renewable energy sector.
Market Insights
- In 2024, the Hydraulic Turbine Market is projected to witness significant growth, with the Asia-Pacific region holding the largest revenue share.
- The region is expected to experience a robust growth forecast, driven by increasing investments in hydropower projects.
- The United States, with approximately 82% of its population residing in urban areas, is a key market for hydraulic turbines.
- In terms of segments, the largest revenue share is expected to come from the small-scale hydro segment, as the demand for sustainable energy solutions continues to rise globally.
- This segment is likely to benefit from government incentives and growing environmental concerns, driving the adoption of hydraulic turbines for renewable energy generation.
Market Dynamics
Trends
Increased Adoption of Small-Scale Hydro Projects: The emphasis on decentralized power generation is attracting the use of small-scale hydraulic turbines.
Technological Advancements in Turbine Design: The market will behold innovations in turbine design such as higher efficiency and less maintenance, which will be the main trends.
Shift Towards Renewable Energy Sources: The movement to renewable energy sources worldwide is the reason why the demand for hydraulic turbines is increasing as a source of clean energy.
Expansion of Hydropower Capacity: The commitment of governments and organizations to increase hydropower capacity is the main driver behind the steady growth of the hydraulic turbine market.
Focus on Sustainable Energy Solutions: The growing concern for environmental sustainability is the main reason why businesses are choosing to invest in hydraulic turbines as a sustainable energy solution.
Growth Drivers
Hydraulic turbines are in demand due to the increasing global emphasis on renewable energy sources.
The market is getting bigger due to the increasing investments in hydropower projects both by the governments and the private sector.
Innovations in turbine to the design and efficiency have been a great performance enhancer thus attracting more investments.
The increased awareness of the environmental advantages of hydropower has led to the use of hydraulic turbines.
The market is being expanded by government incentives and subsidies for hydropower projects.
The demand for clean and sustainable energy sources is what is driving the hydraulic turbine market.
The enlargement of hydropower potential in the less developed countries is thus creating attractive opportunities for the players in the market.
Restraints
Environmental regulations and concerns are resulting in more rigorous scrutiny of water usage and the environmental impacts.
There is a limitation on the growth of the market due to high initial investment costs for the installation of hydraulic turbines.
The market for the hydraulic turbine is limited to the restriction of the expansion of the market due to the limited availability of suitable locations for the installation of the hydraulic turbine.
There are technological problems to make the hydraulic turbine more efficient and to solve the reliability issues.
The competition with other renewable energy sources such as solar and wind energy is the reason for the decrease in the demand for the market of hydraulic turbines.
The unpredictability of government policies and incentives that affect the decisions of investing in the hydraulic turbine market.
Opportunities
Growing Investments in Renewable Energy: The escalating concentration on clean energy sources is likely to be a major driver for the demand of hydraulic turbines.
Expansion of Hydropower Projects: The investments of governments globally in the construction of hydropower projects are creating a positive environment for the growth of the market.
Technological Advancements: The continuous advancements in turbine technologies such as getting better efficiency and performance may open a wider range of possibilities for players in the market.
Emerging Markets: The increasing need for energy in developing countries such as India, China, and Brazil is an attractive market opportunity for hydraulic turbines.
Infrastructure Development: Infrastructure development projects such as irrigation systems and water supply networks will, most probably, create a demand for hydraulic turbines in the market.
Challenges
Regulatory Uncertainties: The changes in government policies and regulations for renewable energy, which are still not settled, may affect the expansion of the hydraulic turbine market.
Competition from Alternatives: The growth of the market may be limited by the increasing competition that the market faces from other sources of renewable energy such as solar and wind power.
Aging Infrastructure: The requirement to change and make the old hydraulic turbine infrastructure more modern might result in a large amount of money having to be invested.
Environmental Concerns: The growing concerns about the environmental side of hydroelectric projects, such as the disruption of the habitat and the quality of water, may result in a lack of development of the market.
Technological Advancements: Fast progress in turbine technology may mean that the market players have to keep on innovating and upgrading to be able to compete.
Hydraulic Turbine Market Top Companies Covered In This Report:
Evaluate The Strategic Positioning And Innovation Pipelines Of Leading Market Companies-From Multinational Enterprises To Disruptive Regional Firms. Understand How Key Players Are Innovating, Expanding, And Capturing Value, And Use Competitive Benchmarks To Plan Your Next Move.
- Toshiba Energy Systems Solutions
- Voith Hydro
- GE Renewable Energy
- Grundfos
- Siemens Energy
- Harbin Electric International Company Limited
- Alstom
- Calpeda
- Xylem
- Flowserve
- Bharat Heavy Electricals Limited
- Andritz
- Dongfang Electric Corporation Limited
- Hitachi Energy
Hydraulic Turbine Market Company News 2024 and 2025
Toshiba Energy Systems & Solutions
Toshiba Energy Systems & Solutions Corporation (Toshiba ESS) completed the performance development and model testing for a 30.77 MW bulb turbine-generator unit at Hubei Xinji in China — outer diameter of runner 6.9 m — with commercial start in April 2024.
Voith Hydro
Voith Hydro also announced in July 2025 a collaboration with the DLR – German Aerospace Center to use AI-driven optimization tool “AutoOpti” for turbine runner and guide-vane design, targeting efficiency gains and reduced development time.
GE Vernova Inc
GE Vernova Inc. (formerly part of GE) announced in December 2024 that it secured an order from Dominion Energy (South Carolina) to modernize two hydropower units at the Saluda Hydro plant using GE’s aerating turbine technology, improving performance and water-quality outcomes.
Key Segments
Segmentation By Type
- Reaction Turbine
- Impulse Turbine
Segmentation By Design
- Pelton Wheel
- Francis Turbine
- Kaplan Turbine
- Crossflow Turbine
- Bulb Turbine
Segmentation By Capacity
- Less than 1 MW
- 1–10 MW
- Above 10 MW
Segmentation by Application
- Power Generation
- Irrigation
- Water Supply
- Industrial
Segmentation by End User
- Utilities
- Independent Power Producers (IPPs)
- Industrial Sector
Global Geographic Coverage:
The Report Provides In-Depth Qualitative And Quantitative Data On The Hydraulic Turbine Market For All Of The Regions And Countries Listed Below:
North America
Within the North America Hydraulic Turbine Market, the expected GDP growth is 2.3% with an inflation rate of 1.8%. In the US, the market for hydraulic turbines is substantially influenced by a single government subsidy for renewable energy projects, thus increasing the demand and the level of innovation.
Hydraulic turbines primarily reach consumers in North America through industrial suppliers, whereas online sales are the most rapidly developing channel due to the ease and accessibility. Buyers in this area take into account the environment and moral sourcing when making a purchase. Additionally, localism is also very important for many consumers as they choose products that help local economies and lessen the environmental impact.
In rapidly developing markets where price/status is the main factor, manufacturers are concentrating on providing affordable solutions that maintain the quality and conform to the sustainability standards to meet the increasing demand.
Europe
The GDP growth and inflation rates that are projected will be very essential factors to take into consideration in the European Hydraulic Turbine Market. It is anticipated that countries like Germany and France will be the ones to set the pace in the market with their stable economic growth and low inflation rates.
A specific local factor in Germany that influences the market is the government’s energetic push for clean energy projects by providing subsidies for the installation of hydraulic turbines. This has been the main driver for the extensive adoption of hydraulic turbines in the nation. The main channel for the sale of hydraulic turbines in Germany is through the local renewable energy equipment suppliers, whereas the quickest-growing channel is online platforms due to the rising trend of digitalization in the industry.
People in Germany are very much concerned about the environment and want the products to be sourced ethically, which also goes for hydraulic turbines, hence a feature that must be there. On the other hand, in most of the emerging markets where price and status are the most important factors, for instance, in the Eastern European countries, the affordability and prestige have a major influence on purchasing decisions.
Asia Pacific
Given the Asia Pacific area’s projected GDP growth of 5% and a relatively low inflation rate of 2%, the Hydraulic Turbine market is set to expand. Carbon emissions reduction and new maintenance-free equipment are the primary market drivers for the overall Hydraulic Turbine industry. The most prominent sales channel for hydraulic turbines in the area is through government tenders and contracts, whereas the quickest-moving channel is direct sales to industrial manufacturers.
Environmentally friendly consumers in countries such as India and Indonesia give the highest priority to sustainability when making a purchase decision. Thus, ethical sourcing becomes a must-have for hydraulic turbine manufacturers who aim to gain market share. Nevertheless, in a considerable number of emerging markets where price and status are the main factors, localism still plays a vital role in consumer preferences.
In a nutshell, the Asia Pacific area is a major market with a lot of potential for hydraulic turbine producers, and each country is a different world when it comes to factors affecting market dynamics and consumer behavior.
Middle East and Africa
The hydraulic turbine market in the Middle East and Africa is a rising sector that is mainly influenced by the region’s expected GDP growth and inflation rates. One of the significant factors affecting the market is a distinct government subsidy in Saudi Arabia that aims at reducing carbon emissions through the use of renewable energy sources, thus making the product a primary driver in the country. Most hydraulic turbines in the region are distributed through government tenders, which is the dominant channel, while online sales platforms, which is the fastest-growing channel, are being increasingly used. Consumers in the region are mainly concerned with sustainability and ethical sourcing, which they consider as essential factors for product acceptance. In quite a number of emerging markets in the region, price and status are still the major factors influencing consumer preferences, however, there is a growing trend of consumers choosing to support local businesses and products.
Frequently Asking Questions
What is the Hydraulic Turbine market size and growth forecast?
Hydraulic Turbine Market is predicted to grow from USD 29.84 Billion in 2025 to approximately USD 46.98 Billion by 2034. the industry is estimated to expand at a CAGR of 4.8%.
Who are the key players in the Hydraulic Turbine market?
The Hydraulic Turbine Market Includes Major Companies Voith Hydro, GE Renewable Energy, Grundfos, Toshiba Energy Systems Solutions, Siemens Energy, Harbin Electric International Company Limited, Alstom, Calpeda, Xylem, Flowserve, Bharat Heavy Electricals Limited, Andritz, Dongfang Electric Corporation Limited, Hitachi Energy, Others.
What are the current and future trends for Hydraulic Turbine market?
Current trend in the Hydraulic Turbine market is the increasing demand for renewable energy sources, while the future trend is the adoption of advanced technologies for improved efficiency and performance.
What are the challenges facing the Hydraulic Turbine market?
Challenges facing the Hydraulic Turbine market include competition from alternative energy sources and high initial investment costs.
Which regions dominate the Hydraulic Turbine market?
Asia-Pacific and Europe dominate the Hydraulic Turbine market due to the increasing focus on renewable energy sources and hydropower generation in these regions.
Report Features
This report gives the most complete information. The report on Hydraulic Turbine Market format has been designed so that it can provide the best value to the business. It offers crucial insights into the market’s dynamic and will aid in strategic decision-making for current players as well as those looking to join the market.
What Deliverables Will You Get in this Report?
Key questions this report answers | Relevant contents in the report |
How big is the sales opportunity? | In-depth analysis of the Global Hydraulic Turbine Market |
How lucrative is the future? | Market forecast and trend data and emerging trends |
Which regions offer the best sales opportunities? | Global, regional and country level historical data and forecasts |
Which are the most attractive Hydraulic Turbine market Key segments? | Market segment analysis and |
Which are the top Key players and Their Hydraulic Turbine market positioning? | Competitive landscape analysis, Market share analysis |
How complex is the business environment? | Porter’s five forces analysis, PEST analysis, Life cycle analysis |
What are the factors affecting the Hydraulic Turbine market? | Drivers & Restraints |
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