Published by Coherent Market Insights
Posted on October 1, 2021
4 min readLast updated: February 1, 2026
The water turbine market is expanding due to rising demand for renewable energy. Key regions include Asia Pacific and Europe, driven by government policies.
A turbine is an engine that captures energy from fluid flow. Turbines consist of a moving part also known as the rotor assembly, which is a drum or a shaft with blades attached to it. The rotors are powered by water coming in contact with the blades, thereby forming rotational energy. Water turbines help in the generation of hydroelectric power by converting the kinetic energy of flowing water into mechanical energy with the help of the attached blades.
The growing population and urbanization have compelled the governments to increase the power generation capacity. The augmenting demand for power across the globe, increased carbon footprint, and global warming has encouraged the focus towards renewable sources of power generation. The shift towards unconventional sources of power generation is one of the major factors driving the growth of water turbines market.
Top Key Players in Water Turbine market: General Electric, Alterra Power Corporation, Energy Development Corporation, Canyon Industries inc., Gilbert Gikes & Gordon Ltd, and Sumitomo Corporation
Regional Analysis For Water Turbine Market:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Water Turbine market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
North American market for water turbines is expected to grow substantially over the forecast period due to rising demand from the hydropower and marine industries. Increased government regulations and encouragement for unconventional sources of power generation have shown a positive impact on the growth of the water turbine market in the region. The federal regulatory reforms were altered post-2013 relaxing the licensing policy in the U.S typically for the non-powered dams (NPD’s), which has propelled the need for water turbines.
Water turbine Market Outlook:
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The post Water Turbine market is Expecting Gigantic Growth in Upcoming Years with In-depth Insights on Key players, Regions, Demands appeared first on Gatorledger.
The article discusses the growth and insights of the water turbine market, focusing on renewable energy trends.
Key players include General Electric, Alterra Power Corporation, and Sumitomo Corporation.
Asia Pacific and Europe are significant regions driving the growth of the water turbine market.
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