Hydraulic Turbines Market Report 2025 (Global Edition)

Global Hydraulic Turbines Market Report 2025 Market Size Split by Type (Reaction, Impulse), by Rating (Small (Less than 1MW), Medium (1MW to 10MW), Large (10MW and above)), by Application (Power Gener...

Hydraulic Turbines Market Report Description

We have various report editions of Hydraulic Turbines Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.

Competitive Landscape of the Hydraulic Turbines Market

The competitive landscape of the hydraulic turbines market is characterized by a wide spectrum of participants competing to gain market share through product innovation, strategic partnerships, and aggressive marketing efforts. Key players in the market include established electronics manufacturers, specialized hydraulic turbine companies, and emerging start-ups aiming to disrupt the market with creative techniques.

In February 2019, GE Renewable Energy was selected to deliver seven 60MW Francis turbines for the new Nachtigal hydropower plant in Cameroon. The contract, worth $87 million, will be conducted with Elecnor in a consortium led by GE Renewable Energy. (Source: https://www.renewableenergymagazine.com/small_hydro/ge-renewable-energy-awarded-87-million-hydropower-20190227-contract-20190227)

Top Companies Market Share in Hydraulic Turbines Industry: (In no particular order of Rank)

• General Electric Company
• Siemens AG
• Andritz AG
• Toshiba Hydroelectric Power
• Kirloskar Brothers Ltd
• Litostroj Power Group
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Hydraulic Turbines Market

Which Region Dominates the Hydraulic Turbines Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue due to the increasing investments in renewable energy, growing emphasis on reducing carbon emissions, and advancements in turbine technology. Government incentives and policies promoting sustainable energy sources further propel market growth.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the hydraulic turbines market due to the region's increasing energy demand, significant hydropower potential, and government investments in renewable energy projects. Rapid industrialization, urbanization, and advancements in turbine technology also contribute to market growth, aiming to meet the region's growing electricity needs sustainably and reduce dependency on fossil fuels.

The current report Scope analyzes Hydraulic Turbines Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Hydraulic Turbines

According to Cognitive Market Research, the global hydraulic turbines market size was estimated at USD 1158.5 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 463.40 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the hydraulic turbines market with a market size of USD 365.62 million in 2024 and is projected to grow at a CAGR of 4.2% during the forecast period. The nation's stringent government regulations amplify the demand.
• The Canadian hydraulic turbines market had a market share of USD 55.61 million in 2024 and is projected to grow at a CAGR of 5.2% during the forecast period. Canada's continuous technological improvements.
• The Mexico hydraulic turbines market is projected to witness growth at a CAGR of 4.9% during the forecast period, with a market size of USD 42.17 million in 2024.

Europe Hydraulic Turbines

According to Cognitive Market Research, the global hydraulic turbines market size was estimated at USD 1158.5 Million, out of which Europe held the market more than 30% of the global revenue with a market size of USD 347.55 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.

• The United Kingdom's hydraulic turbines market had a market share of USD 58.39 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. In the UK, hydraulic turbine sales witness an upswing due to the nation's adoption of technology.
• The France hydraulic turbines market is projected to witness growth at a CAGR of 3.9% during the forecast period, with a market size of USD 31.97 million in 2024.
• According to Cognitive Market Research, the German hydraulic turbines market size was valued at USD 68.81 million in 2024 and is projected to grow at a CAGR of 4.9% during the forecast period. In Germany, hydraulic turbine sales surged due to the growing number of product innovations.
• The Italy hydraulic turbines market is projected to witness growth at a CAGR of 4.1% during the forecast period, with a market size of USD 29.87 million in 2024.
• The Russian hydraulic turbines market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 53.87 million in 2024.
• The Spain hydraulic turbines market is projected to witness growth at a CAGR of 3.8% during the forecast period with a market size of USD 28.50 million in 2024
• The Luxembourg hydraulic turbines market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 10.77 million in 2024.
• The Portugal hydraulic turbines market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 7.30 million in 2024.
• The Greece hydraulic turbines market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD 4.17 million in 2024.
• Rest of Europe's hydraulic turbines market is projected to witness growth at a CAGR of 3.4% during the forecast period, with a market size of USD 53.87 million in 2024.

Asia Pacific Hydraulic Turbines

According to Cognitive Market Research, the global hydraulic turbines market size was estimated at USD 1158.5 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 266.46 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2031.

• According to Cognitive Market Research, the China hydraulic turbines market size was valued at USD 119.90 million in 2024 and is projected to grow at a CAGR of 7.7% during the forecast period. Hydraulic turbine sales surged in China due to the rise in the need for cleaner technologies for power production.
• The Japan hydraulic turbines market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 36.77 million in 2024.
• The India hydraulic turbines market had a market share of USD 31.97 million in 2024 and is projected to grow at a CAGR of 10.0% during the forecast period. India's government initiatives augment the demand.
• The South Korean hydraulic turbines market is projected to witness growth at a CAGR of 7.3% during the forecast period, with a market size of USD 26.65 million in 2024.
• The Australian hydraulic turbines market is projected to witness growth at a CAGR of 7.9% during the forecast period, with a market size of USD 13.86 million in 2024.
• The South East Asia hydraulic turbines market is projected to witness growth at a CAGR of 9.2% during the forecast period, with a market size of USD 18.39 million in 2024.
• The Rest of the Asia Pacific hydraulic turbines market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD 18.92 million in 2024.

South America Hydraulic Turbines

According to Cognitive Market Research, the global hydraulic turbines market size was estimated at USD 1158.5 Million, out of which the Latin America market has more than 5% of the global revenue with a market size of USD 57.93 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil hydraulic turbines market size was valued at USD 24.79 million in 2024 and is projected to grow at a CAGR of 6.20% during the forecast period. Hydraulic Turbines sales flourish in Brazil due to the rising prevalence of respiratory ailments.
• Argentina's hydraulic turbines market had a market share of USD 9.73 million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period. Argentina's stringent environmental regulations augment the demand.
• Colombia's hydraulic turbines market is projected to witness growth at a CAGR of 5.4% during the forecast period, with a market size of USD 5.16 million in 2024.
• Peru hydraulic turbines market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 4.75 million in 2024.
• Chile hydraulic turbines market is projected to witness growth at a CAGR of 5.9% during the forecast period, with a market size of USD 4.17 million in 2024.
• The Rest of Latin America's hydraulic turbines market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 9.33 million in 2024.

Middle East and Africa Hydraulic Turbines

According to Cognitive Market Research, the global hydraulic turbines market size was estimated at USD 1158.5 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 23.17 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2031.

• The GCC Countries' hydraulic turbines market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 9.92 million in 2024. Hydraulic turbine sales flourish due to the presence of major market players.
• Egypt hydraulic turbines market is projected to witness growth at a CAGR of 6.20% during the forecast period with a market size of USD 2.43 million in 2024.
• The South African hydraulic turbines market is projected to witness growth at a CAGR of 6.9% during the forecast period, with a market size of USD 3.66 million in 2024. Hydraulic turbine sales flourished in South Africa due to the integration of digital technologies.
• The Turkey hydraulic turbines market is projected to witness growth at a CAGR of 5.4% during the forecast period, with a market size of USD 1.99 million in 2024.
• The Nigeria hydraulic turbines market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD 2.43 million in 2024.
• The Rest of MEA hydraulic turbines market is projected to witness growth at a CAGR of 4.9% during the forecast period with a market size of USD 2.73 million in 2024.

Hydraulic Turbines Market Analysis

Hydraulic Turbines Market Hydraulic Turbines Type Segment Analysis

According to Cognitive Market Research, reaction stands out as the dominating category due to the increasing demand for renewable energy, technological advancements, and rising electricity consumption. Governments' focus on sustainable energy solutions, coupled with investments in infrastructure development and the modernization of existing power plants, further boosts market growth.

Impulse emerge as the fastest-growing category over the projected period due to increasing demand for renewable energy, advancements in turbine technology, and government initiatives promoting clean energy. Rising global energy consumption and the need for sustainable power sources further fuel market growth, along with investments in hydropower infrastructure and the replacement of aging power generation equipment.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Hydraulic Turbines Industry. Request a Free Sample PDF!

According to Cognitive Market Research, the dominating category is medium (1MW to 10MW) due to increasing demand for renewable energy, government incentives for clean energy projects, and advancements in turbine technology. Hydropower's reliability and low operational costs compared to fossil fuels further boost market growth alongside the global shift towards sustainable and environmentally friendly power generation solutions.

The fastest-growing category in the hydraulic turbines market is large (10MW and above) due to growing demand for renewable energy, governmental policies promoting sustainable energy, and advancements in turbine technology. Increasing investments in hydropower projects and the need to modernize aging infrastructure also contribute to market growth.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Hydraulic Turbines Application Segment Analysis

According to Cognitive Market Research, the dominating category is power generation due to advancements in renewable energy and government incentives. Hydraulic turbines play a key role, driven by the shift towards sustainable energy solutions, increasing hydroelectric projects, and technological innovations improving efficiency and reducing costs. Enhanced grid infrastructure and environmental benefits further support market growth.

The fastest-growing category in the hydraulic turbines market is driving machinery due to increasing energy demand, technological advancements, and a push for renewable energy sources. Growth in hydropower projects and infrastructure development, particularly in emerging economies, further boosts this market.

• Power Generation
• Driving Machinery
• Other

Hydraulic Turbines End User Segment Analysis

End User Segment Analysis

According to Cognitive Market Research, the dominating category is commercial due to increasing investments in renewable energy projects and technological advancements improving turbine efficiency and durability. Government policies supporting sustainable energy, coupled with the need to reduce carbon footprints, further boost market growth.

The fastest-growing category in the hydraulic turbines market is residential due to increasing demand for renewable energy, government incentives, and advancements in turbine technology. The push for sustainable power sources and the need to reduce carbon emissions are propelling market growth. Additionally, rising energy costs and the desire for energy independence among homeowners contribute to the market's expansion.

• Industrial
• Commercial
• Residential

Author's Detail

Vinayak Bali

Senior Research Analyst at Cognitive Market Research

LinkedIn

Profile

Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.

Author's Conclusion