Hydro Generators Market Size (2024 - 2029)

The hydro generators market is experiencing growth driven by an increasing emphasis on renewable energy and alternative fuels to mitigate CO2 emissions. Despite challenges such as high capital expenditure, limited economical sites, and additional costs related to social and environmental impacts, the market has rebounded to pre-pandemic levels. Opportunities are emerging from global initiatives to reduce carbon emissions, with the Asia-Pacific region, particularly China and India, leading in installed hydropower capacity.

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Market Size of Hydro Generators Industry

Hydro Generators Market Summary
Study Period 2021 - 2029
Base Year For Estimation 2023
CAGR 8.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration High

Major Players

Hydro Generators Market Major Players

*Disclaimer: Major Players sorted in no particular order

Hydro Generators Market Analysis

The hydro generators market is expected to register a CAGR of more than 8% during the forecast period.

The market was negatively impacted by COVID-19. Presently the market has now reached pre-pandemic levels.

  • The primary factors that drive the market are the growing focus on renewable energy to reduce CO2 emissions and the growing focus on alternative fuels to achieve an imperishable form of energy.
  • However, factors such as high CAPEX requirements, especially in the key markets, limited economical sites, and the extra expenditure, that arise to address social and environmental impacts, are expected to hinder the market growth during the forecast period.
  • The initiatives to reduce carbon emissions in countries are expected to create opportunities shortly. For instance, Indonesia has developed a strategy for hydropower development to boost its industrial growth and reduce carbon emissions by 29% by 2030. 
  • The Asia-Pacific region is expected to continue to dominate the hydro generators market, with the highest installed hydropower capacity. China and India are the prominent countries in the region that are dominating the market with majority of the total installed global hydropower capacity.

Hydro Generators Industry Segmentation

Hydro generators are the most important component of hydropower projects that are connected to a turbine to convert mechanical energy into electrical energy.

The market is segmented by size and geography. By size, the market is segmented into large, small, and micro. The report also covers the market size and forecasts for the hydro generators market across the major regions. For each segment, the market sizing and forecasts have been done on the revenue (USD Billion).

Size
Large
Small
Micro
Geography
North America
Asia-Pacific
Europe
South America
Middle East & Africa
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Hydro Generators Market Size Summary

The hydro generators market is poised for significant growth, driven by an increasing emphasis on renewable energy sources to mitigate carbon emissions and the pursuit of sustainable energy alternatives. Despite the initial setbacks caused by the COVID-19 pandemic, the market has rebounded to pre-pandemic levels. However, challenges such as high capital expenditure requirements, limited economically viable sites, and additional costs associated with social and environmental impacts may impede growth. Nonetheless, initiatives aimed at reducing carbon emissions, such as Indonesia's hydropower development strategy, are expected to create new opportunities. The Asia-Pacific region, particularly China and India, continues to dominate the market, boasting the highest installed hydropower capacity globally.

The market for large hydro generators, which utilize Francis and Kaplan turbines, is expected to expand as global electricity demand rises and new large-scale hydropower projects come online. The United States, with its significant pumped storage capacity, and countries like China and India are key players in this sector. Notable projects, such as the Wudongde and Dasu hydropower projects, are set to enhance capacity further. The market is characterized by a few major players, including General Electric Company and Voith GmbH & Co. KGaA, who are actively involved in upgrading and expanding hydropower facilities. These developments, alongside supportive government policies, are anticipated to drive the hydro generator market's growth in the coming years.

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Hydro Generators Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Market Size and Demand Forecast in USD billion, till 2027

    3. 1.3 Recent Trends and Developments

    4. 1.4 Government Policies and Regulations

    5. 1.5 Market Dynamics

      1. 1.5.1 Drivers

      2. 1.5.2 Restraints

    6. 1.6 Supply Chain Analysis

    7. 1.7 Porter's Five Forces Analysis

      1. 1.7.1 Bargaining Power of Suppliers

      2. 1.7.2 Bargaining Power of Consumers

      3. 1.7.3 Threat of New Entrants

      4. 1.7.4 Threat of Substitute Products and Services

      5. 1.7.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Size

      1. 2.1.1 Large

      2. 2.1.2 Small

      3. 2.1.3 Micro

    2. 2.2 Geography

      1. 2.2.1 North America

      2. 2.2.2 Asia-Pacific

      3. 2.2.3 Europe

      4. 2.2.4 South America

      5. 2.2.5 Middle East & Africa

Hydro Generators Market Size FAQs

The Hydro Generators Market is projected to register a CAGR of greater than 8% during the forecast period (2024-2029)

General Electric Company, Voith GmbH & Co. KGaA, Hitachi Mitsubishi Hydro Corporation, Toshiba America Energy Systems Corporation and Andritz AG are the major companies operating in the Hydro Generators Market.

Hydro Generators Market Report Snapshots

Hydro Generators Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)