About Hydro Generator
The Renewable Energy source is the future in Electricity and Energy production, while the share of hydropower will remain significant, as the developing countries are increasingly exploiting their large hydraulic potential, and the developed countries are focusing on further development of existing and new sites, even at small and mini scales. Each large Hydro Generator is engineered to run smoothly under any operating condition while reducing structural stress and improving reliability for the lifetime of the turbine. Hydroelectric Generator converts mechanical energy into electricity.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 3.5% |
The market is fragmented by many players and these players are involved in sustainable power production to the consumers. They are also involved in innovation to address tomorrow‘s challenges with unyielding integrity. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Hydro Generator market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ABB (Switzerland), GE Electric Company (United States), Siemens AG (Germany), Toshiba Corp. (Japan), WEG (EM) (India), Hitachi Ltd. (Japan), Regal Beloit (United States), XIANGTAN ELECTRIC (China), TMEIC Corp.(Japan), Voith Group (Germany), Dongfang Electric (China), AXCO-Motors Oy (Finland), Chongqing Hydropower Equipment (CHPE), Zhefu Fuchunjiang Co. Ltd.(China), Techcent Environment (China), VEM Group (Singapore), ATB Austria Antriebstechnik AG (Austria), Hongya Power Generating Equipment To Utilities Limited (China) and ShenYang Getai HydroPower Equipment (China) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Shandong Qingneng Power Co, Ltd.(China), Oceanvolt (Finland), Watt and Sea (France) and Cube Hydro Partners (United States).
Segmentation Overview
AMA Research has segmented the market of Global Hydro Generator market by Type (Large (over 50 MW), Medium (under 50 MW), Small (under 10 MW), Micro (under 100 kW) and Pico (under 5 kW)), Application (Conventional (dams), Pumped-storage, Run-of-the-river and Others) and Region.
On the basis of geography, the market of Hydro Generator has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Southeast Asia, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Grid Type, the sub-segment i.e. On-Grid will boost the Hydro Generator market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End user, the sub-segment i.e. Household will boost the Hydro Generator market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Turbine Type, the sub-segment i.e. Impulse Turbine will boost the Hydro Generator market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rapid growth of variable renewable energies (VRE) in the recent years is increasing the need for rapid-response energy storage technologies and will demand the need of Hydro Generators in the future.
Market Growth Drivers:
Increased demand of energy on Global scale, Rising demand for cleaner technologies for power production and High usage of Hydro Generators by the Hydro-power industry.
Challenges:
Designing the Hydro Generator Equipment and Ecological concerns and Difficulties in relocation and rehabilitation are some of the challenges for the market.
Restraints:
Regulatory policies that vary in different region and High installation cost of dams may hamper the growth and act as a roadblock of the market.
Opportunities:
China, the world's largest hydro power country, in its 13th five-year plan on energy development, aims to have an additional 60 GW of hydropower by 2020 is providing opportunity for the market manufacturers of Hydro Generator.
Market Leaders and their expansionary development strategies
In February 2023, GE Renewable Energy and Baker Hughes signed a definitive agreement to combine their oil and gas businesses. While not directly related to hydro, this merger could impact the oil and gas industry, potentially influencing future investments in renewable energy sources like hydro power.
In July 2023, Voith introduced its new Kaplan turbine, featuring an innovative runner design that optimizes performance across a wide range of flow conditions. This new turbine is targeted at run-of-river and low-head hydropower plants.
Key Target Audience
Manufacturers of Hydro Generator, Hydro Generator Wholesalers, Hydro Generator Retailers, Hydro Generator Investors, Traders, Distributors, Exporters and Importers and Association and Government bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.