Marché mondial des turbines hydroélectriques – Tendances et prévisions du secteur jusqu’en 2029

Analyse et taille du marché des turbines hydroélectriques

En 2020, l'hydroélectricité a généré 4 370 térawattheures (TWh) d'électricité mondiale, soit la plus grande part de toutes les sources d'énergie renouvelables et à faible émission de carbone. La contribution de l'hydroélectricité, qui est 55 % supérieure à celle de l'énergie nucléaire et supérieure à celle de toutes les autres énergies renouvelables (ER) réunies, est la plus grande source d'énergie à faible émission de carbone dans le panier énergétique primaire mondial. L'hydroélectricité et le stockage par pompage continuent de jouer un rôle essentiel dans notre lutte contre le changement climatique en offrant d'importants services d'électricité, de stockage et de flexibilité. Les arguments en faveur des incitations gouvernementales ont été renforcés par la capacité de l'hydroélectricité à augmenter ou à diminuer rapidement l'offre d'électricité pour suivre la charge, répondre à la demande de pointe et compenser la production intermittente à partir de sources d'énergie renouvelables (ER) selon les besoins. Par conséquent, le marché devrait prospérer à un rythme positif au cours de la période de prévision.

Français Le marché mondial des turbines hydroélectriques était évalué à 1 450,00 millions USD en 2021 et devrait atteindre 2 805,48 millions USD d'ici 2029, enregistrant un TCAC de 8,60 % au cours de la période de prévision 2022-2029. En plus des informations sur le marché telles que la valeur marchande, le taux de croissance, les segments de marché, la couverture géographique, les acteurs du marché et le scénario du marché, le rapport de marché organisé par l'équipe de recherche sur le marché de Data Bridge comprend également les avancées technologiques, le cadre réglementaire, PESTEL, l'analyse des cinq forces de Porter, les normes de l'industrie en un coup d'œil, les coûts des matières premières/les dépenses opérationnelles - aperçu, analyse de la chaîne d'approvisionnement, critères de sélection des fournisseurs, analyse des prix, analyse de la production et scénario de la chaîne climatique.

Portée et segmentation du marché des turbines hydroélectriques

Market Definition

A device that can convert water's kinetic energy into mechanical energy is a hydropower turbine. They operate exceptionally well and are a necessary component of hydroelectric power plants. Over 90% of the kinetic energy of moving water can reportedly be converted into mechanical energy using turbines.

Hydropower Turbine Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• Mounting Usage of Hydroelectricity

The hydroelectricity is the main renewable energy source that meets more than 16% of the global electrical demand. As a result, hydropower turbines are ideal for producing this kind of energy. The market's growth is expected to be accelerated by the introduction of state-of-the-art hydropower turbines, which can produce clean energy for small cities, villages, and private use and can draw electricity from basic water sources. These turbines are frequently used in the marine and aviation industries as well as in the automation of heating, cooling, and ventilation systems in buildings. The primary factors driving market expansion are the high potential and need for hydroelectric power generation, cheap maintenance costs, excellent energy conversion, and the absence of a fuel requirement.

• Numerous Beneficial Features

The hydropower turbine is extremely efficient, and it may operate effectively even at low discharge. Furthermore, it's pretty easy to put together and the installation is not that difficult. Changes in flow rate can be accommodated by modifying the hydropower turbine. A single nozzle is used for very low flow rates, whereas numerous nozzles are used for high flow rates. Such benefits therefore boost the hydropower turbine market's acceptance rate, fueling the market's expansion over the forecast period.

Additionally, it is projected that the popularity of emerging technologies such run-of-river, low head turbines, and mini hydro plants will boost market demand. In order to promote sustainable development among many nations throughout the world, environmental degradation and knowledge of climate change are driving many significant stakeholders to employ environmentally friendly power production technology. It is anticipated that these elements will promote market expansion in the forecasted timeline.

Opportunities

• Technological Advancements and Integration of the IIOT Devices

Furthermore, various technological progressions coupled with integration of the IIOT devices to improve efficiency by the market players further extend profitable opportunities to the market over the forecast period of 2022 to 2029. For instance, the N.T.N. Micro Hydro Turbine, a tiny hydroelectric generator with independent power that can generate electricity efficiently when installed in an existing water channel, was revealed by N.T.N. Corporation in July 2017.

• Increasing Government Policies and Grants

Moreover, various favorable initiatives and grants provided by the government is estimated to offer lucrative opportunities to the market growth. For instance, the Energy Policy Act of 2005's Section 242 allowed for financial incentives to encourage the production of hydroelectricity in 2014. According to this law, industry participants may be paid up to 1.8 cents per kilowatt hour (kWh) of energy produced, with a maximum annual compensation of $750,000. Additionally, under the renewable electricity production tax credit system, industry participants are qualified to receive tax credits worth up to 1.1 cents per kWh.

Restraints/Challenges

• High Costs

Even though hydropower turbines have a high capacity factor, their application is being hindered by the high installation costs associated with the need for supporting infrastructure. Because of this, even small technological errors can be challenging and expensive to fix. As a result, high installation and maintenance costs are a hindrance to the global market for hydropower turbines.

• Drawbacks associated with Hydropower turbine

The market's expansion is being constrained by a number of factors, including complicated turbine designs, ecological problems with dams, lengthy gestation periods, and high installation costs for dams. Consequently, such determinants will challenge the growth of the hydropower turbine market.

This hydropower turbine market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the hydropower turbine market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Hydropower Turbine Market

The recent outbreak of coronavirus had a negative impact on the hydropower turbine market. Investments in the hydropower sector have suffered as a result of the disruption in the supply chain of raw materials such as the concrete and turbines caused by the coronavirus outbreak. Hydropower projects that depend on local suppliers for enormous volumes of concrete and other materials during the building phase have also been unable to meet demand due to stopped manufacturing, a lack of employees, and restrictions on travel. In a number of countries, construction has been approved, with contractors abiding by public health advice including social disengagement and self-isolation. It is projected that the slowing and cancellation of several hydropower projects over the coming years as a result of a faulty supply chain and a workforce shortage will reduce demand for water turbines.

Global Hydropower Turbine Market Scope

The hydropower turbine market is segmented on the basis of type, power rating, depth, head length, product and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Reactive
• Impulse
• Gravity
• Others

 Power Rating

• 9≤1 M.W.
• 1 - 10 M.W.
• >10 M.W.

Depth

• 0 ≤ 30 m
• 30 ≤ 50 m
• 50 m

Head Length

• 2-25 m
• 25-70 m
• >70 m

 Product

• Pelton
• Turgo
• Cross Flow
• Archimedean screw

Application

• Power Generation
• Power Storage
• Marine
• Aeronautics

Hydropower Turbine Market Regional Analysis/Insights

The hydropower turbine market is analyzed and market size insights and trends are provided by country, type, power rating, depth, head length, product and application as referenced above.

The countries covered in the hydropower turbine market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Poland, Norway, Finland, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Nigeria, Algeria, Angola, Ghana, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the hydropower turbine market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the increased concerns for carbon emissions from governments across emerging nations, such as China, India, and South Korea.

North America on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the increased subsidies provided by governments on water turbines will aid in the acceptance of wind energy in the economy. Moreover, other eco-friendly energy norms imposed by governments of these countries are anticipated to accelerate the rate of market expansion within the region

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Hydropower Turbine Market Share Analysis

The hydropower turbine market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to hydropower turbine market.

Some of the major players operating in the hydropower turbine market are

• FLOVEL Energy Private Limited (India)
• FOURESS Engineering (India) Private Limited. (India)
• Voith GmbH & Co. KGaA (Germany)
• ANDRITZ (Austria)
• Bharat Heavy Electricals Limited (India)
• SNC-Lavalin Group (Canada)
• Gilbert Gilkes & Gordon Ltd (U.K.)
• Toshiba Corporation (Japan)
• Doosan Corporation (Corée du Sud)
• Hitachi Ltd. (Japon)
• Nordex SE (Allemagne)
• M avel, as (République tchèque)
• Ganz EEM (Hongrie)
• General Electric (États-Unis)
• Siemens (Espagne)
• ABB (Suisse)
• Kolektor (Slovénie)
• Canyon Hydro (États-Unis)

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