Hydro Turbine Generator Unit Market – Global Size, Share, Outlook, and Opportunity Analysis, 2019-2020 & Forecast to 2027 – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Hydro Turbine Generator Unit Market – Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027” report has been added to ResearchAndMarkets.com’s offering.
The global hydro turbine generator unit market is expected to grow significantly during the forecast period, owing to the digitisation of hydro power plants.
The Internet of Things (IoT) has the potential to significantly transform the industrial sector. With the industrial internet of things (IIoT), the hydro power plants of the future will enter auto-pilot mode where subtle changes occur based on real-time and historical data. The IIoT and Industry 4.0 are moving the hydropower market into the future.
The move towards digitisation is changing the way in which hydropower plants are operated and maintained. The International Hydropower Association (IHA) estimates that, by 2030, over half of the world’s hydropower plants will be due for upgrade and modernisation or have already been renovated. Digitisation plays a key role in the modernisation of the existing fleet of hydropower facilities.
Therefore, digitisation of hydro power plant will offer various growth opportunities for the global hydro turbine generator unit market during the forecast period. For instance, in June 2019, General Electric signed a contract with Hydro-Quebec, a Canadian government company, to upgrade existing Hydro Quebec’s Montagnais substation’s protection and control systems.
Among turbine type, Francis turbine segment is expected to exhibit the significant growth during the forecast period. Francis turbines are the most frequently used turbines for hydropower plants. This turbine is used for medium or large scale hydroelectric plants. Therefore, growing demand of Francis turbine is expected to drive growth of the hydro turbine generator unit market.
For instance, in 2019, General Electric signed a contract with Nachtigal Hydro Power Company, jointly owned by the Republic of Cameroon, Electricite de France (EDF), International Finance Corporation, Africa 50, and STOA to provide seven new 60 MW Francis turbines.
Detailed Segmentation
Global Hydro Turbine Generator Unit Market, By Component:
- Turbine
- Generator
Global Hydro Turbine Generator Unit Market, By Turbine Type:
- Pelton Turbine
- Francis Turbine
- Kaplan Turbine
- Turgo Turbine
- Bulb Turbine
- Crossflow Turbine
- Others
Global Hydro Turbine Generator Unit Market, By Generating Unit Capacity:
- < 50MW (Small Hydro)
- 50 – 100MW (Medium Hydro)
- > 100MW (Large Hydro)
Global Hydro Turbine Generator Unit Market, By Technology:
- Impulse Turbines
- Reaction Turbines
Global Hydro Turbine Generator Unit Market, By Product Type:
- Refurbished
- New
Key Topics Covered:
1. Research Objectives and Assumptions
2. Market Purview
3. Market Dynamics, Regulations, and Trends Analysis
4. Global Hydro Turbine Generator Unit Market, By Component, 2017-2027 (US$ Million)
5. Global Hydro Turbine Generator Unit Market, By Turbine Type, 2017-2027 (US$ Million)
6. Global Hydro Turbine Generator Unit Market, By Generating Unit Capacity, 2017-2027 (US$ Million)
7. Global Hydro Turbine Generator Unit Market, By Technology, 2017-2027 (US$ Million)
8. Global Hydro Turbine Generator Unit Market, By Product Type, 2017-2027 (US$ Million)
9. Global Hydro Turbine Generator Unit Market, By Region, 2017-2027 (US$ Million)
10. Competitive Landscape
- Andritz AG
- General Electric
- The Voith Group
- Toshiba Energy Systems & Solutions Corporation
- Harbin Electric International Company Limited
- Dongfeng Electric Machinery Co., Ltd.
- Power Machines
- Hitachi Mitsubishi Hydro Corporation
- IMPSA
- Zhefu Holding Group Co., Ltd.
- Bharat Heavy Electricals Limited (BHEL)
- Gilbert Gilkes & Gordon Ltd.
- Kirloskar Brothers Limited
- WWS Wasserkraft GmbH
- FLOVEL Energy Private Limited
- Litostroj Power
For more information about this report visit https://www.researchandmarkets.com/r/t1wq55
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