Hydraulic Turbine Market Size and Outlook 2031

Report Description

Forecast Period	2027-2031
Market Size (2025)	USD 1.61 Billion
CAGR (2026-2031)	5.34%
Fastest Growing Segment	Residential
Largest Market	Asia Pacific
Market Size (2031)	USD 2.20 Billion

Market Overview

The Global Hydraulic Turbine Market will grow from USD 1.61 Billion in 2025 to USD 2.20 Billion by 2031 at a 5.34% CAGR. A hydraulic turbine is a rotary machine that converts the potential and kinetic energy of flowing water into mechanical energy, which is subsequently transformed into electricity by a generator. The market is primarily driven by the escalating global demand for dispatchable renewable energy and the critical need for grid stability services to balance intermittent power from wind and solar sectors. Additionally, the modernization and refurbishment of aging hydropower infrastructure to extend asset lifespan serve as a robust catalyst for industry growth. According to the International Hydropower Association, in 2024, global hydropower capacity expanded by 24.6 GW, underscoring the continued demand for these power generation technologies.

However, market expansion is significantly impeded by the high initial capital investment and long gestation periods associated with large-scale hydropower projects. The substantial funding required for civil engineering works and equipment, combined with rigorous environmental permitting processes, often delays project execution and deters investors. These financial and regulatory barriers represent a considerable challenge that restricts the rapid deployment of new hydraulic turbine installations in many regions.

Key Market Drivers

Rising Global Demand for Clean and Renewable Energy Generation acts as the foremost catalyst for the hydraulic turbine market, fundamentally reshaping investment priorities toward dispatchable low-carbon solutions. As nations strive to meet net-zero targets, the role of hydropower has evolved from a traditional baseload source to a critical enabler of broader renewable integration, necessitating advanced turbine technologies. This transition is supported by unprecedented capital flows into the sector, which directly funds the procurement of electro-mechanical equipment. According to the International Energy Agency (IEA), June 2024, in the 'World Energy Investment 2024' report, global investment in clean energy technologies is set to exceed USD 2 trillion in 2024, effectively doubling the amount spent on fossil fuels and securing substantial funding for new hydroelectric infrastructure.

Simultaneously, the Expansion of Pumped Hydro Storage for Grid Stabilization and Energy Balancing is driving specific demand for reversible turbines and variable-speed technologies. These systems serve as giant water batteries, absorbing excess power from intermittent sources like wind and solar and releasing it during peak demand, a function vital for grid resilience. According to the International Hydropower Association (IHA), June 2024, in the '2024 World Hydropower Outlook', global pumped storage hydropower capacity expanded significantly to reach 179 GW in 2023. This sub-sector's vitality is evident in major equipment contracts; according to the Voith Group, December 2024, in the 'Annual Report 2023/24', their Hydro division secured orders worth € 2.11 billion during the fiscal year, highlighting the robust commercial momentum for turbine manufacturers.

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Key Market Challenges

The high initial capital investment and long gestation periods associated with large-scale projects constitute a primary impediment to the growth of the Global Hydraulic Turbine Market. Investors are frequently deterred by the lengthy duration between capital deployment and revenue generation, which contrasts sharply with the rapid project cycles of competing renewable sectors like wind and solar. This delayed return on investment, compounded by the risks of construction cost overruns and complex civil engineering requirements, reduces the attractiveness of hydraulic turbine installations for private equity. Consequently, many planned projects struggle to reach financial close, leading to a stagnation in the development pipeline and limiting the deployment of new turbine technology.

The impact of these financial and regulatory barriers results in a persistent gap between necessary and actual infrastructure spending. Rigorous environmental permitting processes further prolong timelines, adding to pre-development costs that developers must absorb without guaranteed realization. According to the International Hydropower Association, in 2024, the global hydropower sector required an annual investment of approximately USD 130 billion to meet future capacity targets, yet actual funding levels remained significantly lower at around USD 65 billion. This profound funding deficit illustrates how high costs and protracted development schedules directly stifle market expansion.

Key Market Trends

The Integration of IIoT and Digital Twin Technologies for Predictive Maintenance is fundamentally reshaping the operational landscape of the hydraulic turbine market. As utilities face pressure to maximize asset availability and reduce operational expenditures, the deployment of sensor-embedded turbines and AI-driven analytics has become a standard requirement for both new installations and refurbishment projects. These digital ecosystems create virtual replicas of physical assets, allowing operators to predict component failures and optimize performance parameters in real-time, thereby circumventing the costly downtime associated with traditional reactive maintenance. This technological shift is driving significant commercial momentum in the retrofit sector; according to Andritz, October 2025, in the 'Q3 2025 Financial Results', the company's Hydropower division recorded a 17.3% year-over-year increase in order intake, a growth trajectory heavily supported by complex modernization projects that integrate these advanced digital capabilities.

Simultaneously, the Adoption of Small-Scale and Micro Hydropower Architectures is emerging as a critical trend to bypass the financial and regulatory bottlenecks plaguing large-scale infrastructure. Investors and developers are increasingly pivoting toward modular, run-of-river, and low-head turbine solutions that require lower upfront capital and entail shorter permitting timelines compared to mega-dams. This trend promotes decentralized energy generation, particularly in remote or ecologically sensitive regions where minimizing the civil engineering footprint is paramount. The resilience of this sub-sector is evident in recent capacity additions; according to the International Renewable Energy Agency (IRENA), March 2025, in the 'Renewable Capacity Statistics 2025', global renewable hydropower capacity—excluding pumped storage—expanded by 15.0 GW in 2024, highlighting the sustained deployment of these conventional and smaller-scale dispatchable assets.

Segmental Insights

The residential segment is positioned as the fastest-growing category within the global hydraulic turbine market, primarily driven by the rising deployment of micro and pico hydropower systems. This growth is largely attributed to the increasing demand for decentralized energy solutions in remote and off-grid locations where small water streams allow for independent power generation. Additionally, homeowners are adopting these compact systems to mitigate rising utility costs and achieve energy autonomy. Supportive government initiatives promoting rural electrification and renewable energy adoption further bolster demand, making small-scale hydraulic turbines a practical solution for sustainable residential power.

Regional Insights

Based on insights from trusted market research, Asia Pacific commands the leading position in the Global Hydraulic Turbine Market, fueled by aggressive infrastructure development in China and India. This dominance is anchored in the region's escalating energy requirements resulting from rapid industrial expansion and urbanization. National energy authorities are prioritizing hydroelectric power to meet zero-emission targets, leading to a surge in both large-scale dam construction and pumped-storage hydro projects. Additionally, the modernization of aging facilities and efforts toward rural electrification utilize the region's vast hydrological resources, ensuring sustained market expansion.

Recent Developments

In September 2025, Voith finalized the second turbine upgrade at the Roxburgh Hydropower Station in New Zealand as part of a broader modernization effort with Contact Energy. The project involved replacing aging infrastructure with advanced components, including a new stainless-steel runner weighing 28.5 tonnes, designed to deliver higher output from the same water flow. Following a successful ten-day endurance run and efficiency testing, the upgraded unit met all performance guarantees. This collaboration highlighted the effective combination of global manufacturing capabilities and local site execution to extend the operational life of critical energy infrastructure.
In July 2025, Andritz secured a significant contract from Hidroeléctrica de Cahora Bassa to rehabilitate the Cahora Bassa hydropower plant in Mozambique. The agreement encompassed the design, engineering, manufacturing, and supply of five new 480 MVA generators and five Francis turbine runners, alongside advanced control systems. This modernization initiative aimed to increase the capacity of each turbine by more than 4% to 433 MW. Valued in the mid-three-digit million-euro range, the project was established to improve the long-term efficiency and reliability of the station, which serves as a vital energy source for Southern Africa.
In May 2025, Toshiba Energy Systems & Solutions Corporation completed the delivery and installation of hydropower generation equipment for the Ninghai Pumped-Storage Power Plant in Zhejiang, China. The facility, operated by State Grid Xinyuan Co. Ltd., became fully operational with four 350 MW hydro turbines and associated balance-of-plant systems provided by the company. This project represented the second pumped-storage plant in China to utilize the manufacturer's technology, contributing to a rapid commissioning timeline. The newly installed units were designed to effectively balance electricity supply and demand, enhancing grid stability in the region.
In December 2024, Harbin Electric Corporation introduced a new generation of hydraulic turbines designed with an ultra-wide load range and high stability. This breakthrough technology enabled the units to operate safely and stably across a full load spectrum of 0 to 100%, transforming the equipment from simple power generation tools into dynamic energy regulation assets. The company stated that this innovation would significantly support the integration of intermittent renewable sources like wind and solar into the grid. Supported by 22 patents, this development marked a major technological advancement for the global hydraulic turbine industry.

Key Market Players

Voith GmbH & Co. KGaA
Andritz Hydro GmbH
GE Hydro Power
lstom
Siemens AG
Litostroj Power Group
Harbin Hydropower Equipment Co., Ltd.
Dongfang Electric Machinery Co., Ltd.
Canyon Hydro
Cornell Pump Company

By Product	By Rating	By Head Type	By End-User	By Region
Reaction Impulse	Small (Less Than 1MW) Medium (1MW to 10MW) Large (10MW and Above)	Low Head Turbine (Up to 30m) Medium Head Turbine (30 to 300m) High Head Turbine (Above 300m)	Industrial Commercial Residential	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Hydraulic Turbine Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Hydraulic Turbine Market, By Product:

Reaction
Impulse

Hydraulic Turbine Market, By Rating:

Small (Less Than 1MW)
Medium (1MW to 10MW)
Large (10MW and Above)

Hydraulic Turbine Market, By Head Type:

Low Head Turbine (Up to 30m)
Medium Head Turbine (30 to 300m)
High Head Turbine (Above 300m)

Hydraulic Turbine Market, By End-User:

Industrial
Commercial
Residential

Hydraulic Turbine Market, By Region:

North America

United States
Canada
Mexico

Europe

France
United Kingdom
Italy
Germany
Spain

Asia Pacific

China
India
Japan
Australia
South Korea

South America

Brazil
Argentina
Colombia

Middle East & Africa

South Africa
Saudi Arabia
UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Hydraulic Turbine Market.

Available Customizations:

Global Hydraulic Turbine Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Hydraulic Turbine Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market

3.2. Overview of Key Market Segmentations

3.3. Overview of Key Market Players

3.4. Overview of Key Regions/Countries

3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Hydraulic Turbine Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Product (Reaction, Impulse)

5.2.2. By Rating (Small (Less Than 1MW), Medium (1MW to 10MW), Large (10MW and Above))

5.2.3. By Head Type (Low Head Turbine (Up to 30m), Medium Head Turbine (30 to 300m), High Head Turbine (Above 300m))

5.2.4. By End-User (Industrial, Commercial, Residential)

5.2.5. By Region

5.2.6. By Company (2025)

5.3. Market Map

6. North America Hydraulic Turbine Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Product

6.2.2. By Rating

6.2.3. By Head Type

6.2.4. By End-User

6.2.5. By Country

6.3. North America: Country Analysis

6.3.1. United States Hydraulic Turbine Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Product

6.3.1.2.2. By Rating

6.3.1.2.3. By Head Type

6.3.1.2.4. By End-User

6.3.2. Canada Hydraulic Turbine Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Product

6.3.2.2.2. By Rating

6.3.2.2.3. By Head Type

6.3.2.2.4. By End-User

6.3.3. Mexico Hydraulic Turbine Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Product

6.3.3.2.2. By Rating

6.3.3.2.3. By Head Type

6.3.3.2.4. By End-User

7. Europe Hydraulic Turbine Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Product

7.2.2. By Rating

7.2.3. By Head Type

7.2.4. By End-User

7.2.5. By Country

7.3. Europe: Country Analysis

7.3.1. Germany Hydraulic Turbine Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Product

7.3.1.2.2. By Rating

7.3.1.2.3. By Head Type

7.3.1.2.4. By End-User

7.3.2. France Hydraulic Turbine Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Product

7.3.2.2.2. By Rating

7.3.2.2.3. By Head Type

7.3.2.2.4. By End-User

7.3.3. United Kingdom Hydraulic Turbine Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Product

7.3.3.2.2. By Rating

7.3.3.2.3. By Head Type

7.3.3.2.4. By End-User

7.3.4. Italy Hydraulic Turbine Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Product

7.3.4.2.2. By Rating

7.3.4.2.3. By Head Type

7.3.4.2.4. By End-User

7.3.5. Spain Hydraulic Turbine Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Product

7.3.5.2.2. By Rating

7.3.5.2.3. By Head Type

7.3.5.2.4. By End-User

8. Asia Pacific Hydraulic Turbine Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Product

8.2.2. By Rating

8.2.3. By Head Type

8.2.4. By End-User

8.2.5. By Country

8.3. Asia Pacific: Country Analysis

8.3.1. China Hydraulic Turbine Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Product

8.3.1.2.2. By Rating

8.3.1.2.3. By Head Type

8.3.1.2.4. By End-User

8.3.2. India Hydraulic Turbine Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Product

8.3.2.2.2. By Rating

8.3.2.2.3. By Head Type

8.3.2.2.4. By End-User

8.3.3. Japan Hydraulic Turbine Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Product

8.3.3.2.2. By Rating

8.3.3.2.3. By Head Type

8.3.3.2.4. By End-User

8.3.4. South Korea Hydraulic Turbine Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Product

8.3.4.2.2. By Rating

8.3.4.2.3. By Head Type

8.3.4.2.4. By End-User

8.3.5. Australia Hydraulic Turbine Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Product

8.3.5.2.2. By Rating

8.3.5.2.3. By Head Type

8.3.5.2.4. By End-User

9. Middle East & Africa Hydraulic Turbine Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Product

9.2.2. By Rating

9.2.3. By Head Type

9.2.4. By End-User

9.2.5. By Country

9.3. Middle East & Africa: Country Analysis

9.3.1. Saudi Arabia Hydraulic Turbine Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Product

9.3.1.2.2. By Rating

9.3.1.2.3. By Head Type

9.3.1.2.4. By End-User

9.3.2. UAE Hydraulic Turbine Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Product

9.3.2.2.2. By Rating

9.3.2.2.3. By Head Type

9.3.2.2.4. By End-User

9.3.3. South Africa Hydraulic Turbine Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Product

9.3.3.2.2. By Rating

9.3.3.2.3. By Head Type

9.3.3.2.4. By End-User

10. South America Hydraulic Turbine Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Product

10.2.2. By Rating

10.2.3. By Head Type

10.2.4. By End-User

10.2.5. By Country

10.3. South America: Country Analysis

10.3.1. Brazil Hydraulic Turbine Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Product

10.3.1.2.2. By Rating

10.3.1.2.3. By Head Type

10.3.1.2.4. By End-User

10.3.2. Colombia Hydraulic Turbine Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Product

10.3.2.2.2. By Rating

10.3.2.2.3. By Head Type

10.3.2.2.4. By End-User

10.3.3. Argentina Hydraulic Turbine Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Product

10.3.3.2.2. By Rating

10.3.3.2.3. By Head Type

10.3.3.2.4. By End-User

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)

12.2. Product Launches (If Any)

12.3. Recent Developments

13. Global Hydraulic Turbine Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry

14.2. Potential of New Entrants

14.3. Power of Suppliers

14.4. Power of Customers

14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. Voith GmbH & Co. KGaA

15.1.1. Business Overview

15.1.2. Products & Services

15.1.3. Recent Developments

15.1.4. Key Personnel

15.1.5. SWOT Analysis

15.2. Andritz Hydro GmbH

15.3. GE Hydro Power

15.4. lstom

15.5. Siemens AG

15.6. Litostroj Power Group

15.7. Harbin Hydropower Equipment Co., Ltd.

15.8. Dongfang Electric Machinery Co., Ltd.

15.9. Canyon Hydro

15.10. Cornell Pump Company

16. Strategic Recommendations

17. About Us & Disclaimer

Report Description

Table of content

Figures and Tables

Frequently asked questions

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