Univdatos Whatsapp

Hydraulic Turbines Holds Huge Potential in Solving the Energy Crisis. Asia Pacific to Witness the Highest Growth.

Hydraulic Turbines market is expected to exceed the market valuation of more than US$ XX million by 2027 expanding at a reasonable CAGR of around XX% during the forecast period (2021-2027). Hydropower is the energy derived from flowing water. This technique is being used since more than 2,000 years ago by the ancient Greeks who used waterpower to run wheels for grinding grain. Today hydraulic power is the most cost-effective way of generating electricity and is the most preferred method where available. For example, 99% of Norway’s electricity comes from hydropower. The Three Gorges Dam in China is the world’s largest hydropower plant today with 22.5 gigawatts of energy production. The three gorges dam can produce 80 to 100 terawatt-hours of energy per year, which is enough to supply between 70 million and 80 million households. Small scale micro hydropower projects can make a huge difference in communities in remote locations. Small scale hydropower facilities can easily operate in rivers without interfering with their flow, due to this small-scale hydropower is considered more environmentally friendly than large scale options.

For a detailed analysis of the Hydraulic Turbines Market browse through https://univdatos.com/report/hydraulic-turbines-market/

The shape of the blade can influence the efficiency of the turbine. The bowl blade shaped turbine has the maximum efficiency of 25.512% which may be because the bowl shape can hold water and thus water can exert more thrust on the bowl blade, causing a tangential velocity that increases the tangential speed of the turbine power. The flat blade has the lowest turbine efficiency of only 5.784%, probably because the water striking the flat blade spreads immediately, leaving the turbine blade so that the tangential velocity and power of the turbine produced is not as great as the shape of the curved blade, half-cylinder blade, rice-spoon blade and the shape of the bowl blade. Kinetic NRG, a company based in the United States is focused on developing a new hydro powered generation technology to deliver low cost and reliable electricity. The first technology produced by the company called Hydro-Kinetic Energy Generator (HEG) system, measures 1.5 meters in diameter and produces an output of 30 kilowatts (kW) from water flows of 2.0 meters per second.

Due to the unprecedented constraints during the Covid-19 pandemic on social and economic activity and particularly on mobility, there have been severe impacts on energy use. The energy demand is expected to decrease by 6% in 2020 which is the largest drop in 70 years according to IEA. Additionally, there was expected to be an 8% decline in CO2 emissions in 2020, falling to their lowest level since 2010. This drop is also because of the slight increase in the usage of renewable energy sources in the recent years. However, the reopening of lockdowns in expected to drastically increase the usage of electricity and because of the increasing awareness about renewable energy sources, the use of renewable energy after the opening of lockdowns is also expected to grow.

Based on Technology, the hydraulic turbines market is segmented into Impulse Turbine and Reaction Turbine. Amongst technology, the Impulse Turbine segment of the market was valued at US$ XX million in 2020 and is likely to reach US$ XX million by 2027 growing at a CAGR of XX% from 2021-2027. Both Impulse and Reaction turbines are used for small scale hydropower with the selection depending on the head and flow rate conditions of the site. Head can be broken down into various classifications depending on the head conditions and is divided into low, medium, and high depending on less than 10 m, 10-50 m and greater than 50 m.

For a detailed analysis of the Capacity in the Hydraulic Turbines Market browse through

Based on Capacity, the hydraulic turbines market is segmented into Less Than 1000 kW, Between 1000 – 10000 kW, and More Than 10000 kW. Amongst capacity, More Than 10000 kW segment accounted for a market valuation of US$ XX million in 2020 and is expected to reach US$ XX million by the year 2027, at a CAGR of XX% over the analyzed period. Initial installation and infrastructure cost for hydraulic turbines is high and is not used for small scale application. The biggest hydraulic turbine plants around the world include Three Gorges in China produces 22.5 GW of energy; Itaipu in Brazil and Paraguay produces 14 GW of energy; Xiluodu in China produces 13.86 GW of energy and there are many larger hydraulic turbine plants like these around the world which are also increasing in number with the increasing popularity of hydraulic electricity around the world.

Based on Application, the hydraulic turbines market is segmented into Marine, Oil and Gas, Power Storage and Generation, and Others. The power storage and generation segment generated revenue of US$ XX million in 2020 and is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of US$ XX million by 2027F. The Government of India initiated the 1,000 MW Pakal Dul hydroelectric project in 2018 and the 330 MW Krishnaganga hydroelectric project in Jammu and Kashmir’s Kishtwar district. Furthermore, China installed additional 8.54 GW of hydropower in 2018 increasing China’s total installed capacity to 352 GW.

Based on end-user, the Hydraulic Turbines market is segmented into Residential, Commercial, and Industrial. Amongst end-user, the industrial segment of the market was valued at US$ XX million in 2020 and is likely to reach US$ XX million by 2027 growing at a CAGR of XX% from 2021-2027. Key reason for the high rise in the industrial segment is attributed to the strong demand from various industrial end-user for generation of hydropower. The new government incentives and tax credit schemes are expected to attract new end-users.

Request for Sample of the report browse through https://univdatos.com/get-a-free-sample-form-php/?product_id=9987

Additionally, the report provides detailed initiatives that are being taken in the field of Hydraulic Turbines, globally. The report provides a detailed analysis of regions including North America (the U.S, Canada, and Rest of North America), Europe (Germany, France, Spain, Italy, UK, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of Asia-Pacific), and the Rest of the World. Asia Pacific dominated the market in 2020, with XX% share.

General Electric Company, Siemens AG, Andritz AG, Canyon Industries Inc., Voith GmbH & Co. KGaA, Gilbert Gilkes & Gordon Ltd., Kirloskar Brothers Ltd., Norcan Hydraulic Turbine Inc., Litostroj Power Group, and WWS-Wasserkraft GmbH are some of the prominent players operating in the Hydraulic Turbines market. Several M&As along with partnerships have been undertaken by these players to make Hydraulic Turbines as cost-effective and as widely available as possible.

Hydraulic Turbines Market Segmentation

Market Insight, by Technology

  • Impulse Turbine
  • Reaction Turbine

Market Insight, by Capacity

  • Less Than 1000 kW
  • Between 1000 – 10000 kW
  • More Than 10000 kW

Market Insight, by Application

  • Marine
  • Oil and Gas
  • Power Storage and Generation
  • Others

Market Insight, by End-User

  • Residential
  • Commercial
  • Industrial

Market Insight, by Region

  • North America Hydraulic Turbines Market
    • United States
    • Canada
    • Rest of North America
  • Europe Hydraulic Turbines Market
    • France
    • Germany
    • Italy
    • Spain
    • United Kingdom
    • Rest of Europe
  • Asia-Pacific Hydraulic Turbines Market
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia-Pacific
  • Rest of World Hydraulic Turbines Market

Top Company Profiles

  • General Electric Company
  • Siemens AG
  • Andritz AG
  • Canyon Industries Inc.
  • Voith GmbH & Co. KGaA
  • Gilbert Gilkes & Gordon Ltd
  • Kirloskar Brothers Ltd
  • Norcan Hydraulic Turbine Inc.
  • Litostroj Power Group
  • WWS-Wasserkraft GmbH

Leave A Comment

Select Language