During the forecast period, the > 100MW (Large Hydro) segment of the hydro turbine generator unit market is anticipated to have a leading position in terms of generating unit capacity. huge water turbines are powered by the flowing water in huge hydropower plants, and dams are necessary to store water in rivers, lakes, and reservoirs for later release. Along with being used for irrigation, home, commercial, and industrial purposes, this water is conserved for later use.
With a CAGR of 3.5% from 2020 to 2027, the market for Hydro Turbine Generator Units is projected to grow from its current value of US$ 7,320.0 Mn in 2019 to US$ 9,510.0 Mn by 2027.
Key Companies in the Hydro Turbine Generator Unit Industry:
1. Andritz AG: Austrian headquarters; constructed in 1851. FAndritz AG is a producer of cutting-edge industrial machinery. It operates through the following 4 operating segments: Along with automation and software solutions, process expertise, and service, ANDRITZ Metals includes suppliers of technology, facilities, and digital solutions for metal forming. For the manufacture of all varieties of pulp, paper, board, and tissue, ANDRITZ Pulp & Paper provides environmentally friendly technology, automation, and service solutions.The Milan, Italy-based Bonetti Group has agreed to be acquired by global technology company ANDRITZ. The acquisition was finalised on June 30, 2022.
2. General Electric: In 1892, two businesses were combined to become GE, one of which had ties to Thomas Edison, an American inventor. GE is now a world leader in the energy transition as well as air travel. Built in 1892. United States headquarters. Opus One Solutions (Dec 2021), Muottikolmio (Sep 2020), and REI Nuclear (Dec 2018) are the most recent acquisitions.
3. The Voith Group: Creator of hydropower systems that deliver a steady stream of electricity. Customers may access effective and cutting-edge hydropower thanks to the company's turbine technology, which is well-positioned for the future market of ocean current turbines because to its concept of resilience and lifespan. Established in 2000. Headquarters in Germany's Heidenheim. Voith successfully acquires all of Voith Hydro's interests from its former joint venture partner Siemens Energy.
4. Toshiba Energy Systems & Solutions Corporation: The second-biggest diversified industrial company in Japan and its major semiconductor maker, Toshiba was founded in 1875. After an accounting scandal in 2015, Toshiba restructured into six key business units: digital solutions, retail and printing solutions, building solutions, energy systems and solutions, and infrastructure, storage, and electronic device solutions. With a market share of 16.5% in 2017, Toshiba ranked as the second-largest maker of NAND flash memory and focuses its corporate resources there. The acquisition of the EtaPRO® business from GP Strategies Corporation, a leading provider of workforce transformation solutions, was completed today, Toshiba America Energy Systems Corporation, an affiliate of Toshiba Energy Systems & Solutions Corporation, which is a global leader in energy solutions, announced in 2021. In May 2021, the deal was initially disclosed.
5. Harbin Electric International Company Limited: A Chinese Company called Harbin Electric Co Ltd makes machinery for power plants. Thermal power equipment, hydropower equipment, power station engineering services, power station auxiliary equipment and ancillary products, nuclear products, AC & DC motors, and others make up the company's six business segments.
6. Dongfeng Electric Machinery Co., Ltd.: A Chinese Company called Dongfang Electric Corp Ltd produces and sells energy generation machinery. The business specialised in the production of power equipment and in the contracting of thermal, hydro, nuclear, wind, gas turbine, and combined cycle power plants for international power projects. Clean and efficient energy equipment, renewable energy equipment, engineering and trade, modern manufacturing services, and emerging growth sector are the five reporting segments' primary delivered or given goods and services. Head office in China.
7. Power Machines: Manufacturer of electrical and power equipment for industries and power plants. In order to equip thermal, nuclear, hydraulic, and gas-turbine power plants with precise machinery using power engineering, the company specialises in designing, manufacturing, and delivering turbines, generators, boilers, power transformers, automation systems, excitation systems of generators, and electric motors. Built in 1856. Head office in Russia.
*Definition: Hydraulic turbines are the prime movers that convert the energy of the falling water into a rotational mechanical energy and consequently to an electric energy through the use of the generators that are connected to the turbines.
