Acumen Research and Consulting Hydro Turbine Market Size 2019 - 2026 | Page 3

Segment Insights The type-based turbine segment in 2018 represented a value in the global hydro turbine market of approximately US$ 1500 Mn. As these turbines are preferred for power production because of their benefit of being immersed in the water and because they are using water pressure energy to generate energy, the demand for reactivity-turbines is increasing. The medium-head segment (30 m to 300 m) is expected to reach around US$ 1150 million at a CAGR of 4.5% by 2026, based on type of head. A low head dam has a water drop of below 30 m and a capacity of production up to 15,000 kW. High-head (300 to 1 500) dams can generate more power at lower costs than low-head dams but large dams can be restricted by economic, environmental or inappropriate locations. In contrast, many existing medium-head barriers and drops can be installed at medium-sized generation plants. New medium head dams could also be constructed to increase output. The key to their utility is their ability to generate electricity close to where necessary, which inevitably reduces the power lost during transmission. During the forecast period, these factors are expected to increase the medium head segment (30 to 300 m). The installation location is expected to be around US$ 2000 million at a CAGR of over 4.5% by 2026 for large hydropower plants (over 500 kw) segment. Explore Our Market Blog@ https://www.acumenresearchandconsulting.com/blogs Regional Outlook On the basis of the region, North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America have divided the global hydro turbine market. In terms of both value (US$ Mn) and volume (Units) the Asia Pacific hydro turbine market is expected to grow at its peak during the forecast period. As government initiatives to cope with frequent power shortages have increased, the market has seen considerable growth across Asia-Pacific. It is estimated that China and India will push the market in the near future with major economies. Would like to place an order or any question, please feel free to contact at [email protected] | [phone]