Hydro Turbine Generator Unit Market, By Turbine Type (Francis, Pelton, Kaplan, and Others (Turgo, Cross-Flow, etc.)), By Generator Type (Synchronous and Asynchronous), By Head Range (Low Head (< 100 meters), Medium Head (100 - 300 meters), High Head (300 meters)), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Aug 2024

Code : CMI4432

Pages :240

Formats :

Excel and PDF

Industry : Industrial Automation and Machinery

Market Concentration and Competitive Landscape

Hydro Turbine Generator Unit Market Concentration By Players

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Growing Investment in Hydroelectric Power Projects

The urgent need to transition away from carbon-intensive fuels and curtail emissions is bringing massive private capital into clean energy sector. Several studies have indicated that hydropower, if tapped to its full potential, can meet a substantial portion of rising power demand while offering reliability and resilience. This has galvanized both governments and major corporations to invest heavily in scaling up hydro capacities around the world. Multi-billion-dollar investments are being made to undertake big hydropower developments featuring advanced technologies.

Countries with hydro endowments are leveraging public-private partnerships and offering different incentive structures to attract institutional and impact investors towards hydropower ventures. International developmental organizations and climate finance instruments are also catalyzing investment flows into building new run-of-river and storage-type hydropower stations. Mega hydropower complexes combining power generation, irrigation and flood controls are being constructed. Small-scale mini and micro-hydel projects are equally gaining ground due to modular capabilities and shorter timelines for implementation.

Each new hydro project signifies increased installed base for hydraulic turbines and generators to power water wheels involved. Project developers and power producers therefore remain keen buyers for hydro turbine generator units required across the full project lifecycle from initial infrastructure laying to long-term O&M needs. With more capital being unlocked and allocated to the hydropower sector worldwide, equipment manufacturers stand to gain significantly as suppliers of choice. Steady rise in investment commitments towards hydro facilities thus fosters parallel growth of the turbine generator market to equip these emerging renewable energy assets.

Key Players Insights