Global Hydraulic Turbines Market is accounted for $2.23 billion in 2020 and is expected to reach $3.69 billion by 2028 growing at a CAGR of 6.5% during the forecast period. Rapid exhausting conventional sources of energy and growth in prominence of various technologies such as run-of-river, low head turbines, and small hydro plants are driving the market growth.
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By geography, North America is going to have high growth during the forecast period owing to governmental incentives for the hydro turbine technology in order to reduce pollution, advanced technology, and increasing focus on renewable energy.
Some of the key players profiled in the Hydraulic Turbines Market include General Electric, Canyon Industries, Waterwheel Factory, Siemens, Norcan Hydraulic Turbine, Kirloskar Brothers, Gilbert Gilkes and Gordon, Cornell Pump, Nautilus, andritz and WWS-Wasserkraft.
Products Covered in Hydraulic Turbines Market
• Impulse Hydraulic Turbine
• Reaction Hydraulic Turbine
Installation Sites Covered:
• Pico Hydro Plants
• Mini Hydro Plants
• Micro Hydro Plants
• Large Hydro Plants
Power Generation Capacities Covered:
• Power More Than 10000 kW
• Power Less than 1000 kW
• Power Between 1000-10000 kW
Head Types Covered:
• Water Turbines
• Vapor Turbines
• Steam Turbines
• Gas Turbines
• Residential Rooftop
• Power Storage and Generation
• Oil and Gas
• Industrial Purpose
• Commercial Generation
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