Market Overview

Global Hydropower Turbines Market 2018-2022 | Development in the Pumped Hydro Storage Market to Fuel Growth | Technavio

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The global hydropower turbines market is expected to post a CAGR of over 4%
during the period 2018-2022, according to the latest market research
report by Technavio.

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Technavio has published a new market research report on the global hydropower turbines market from 2 ...

Technavio has published a new market research report on the global hydropower turbines market from 2018-2022. (Graphic: Business Wire)

A key factor driving the growth of the market is the increased need for
bulk energy storage. The increase in the demand for energy is a global
phenomenon owing to the rapid developments observed in sectors such as
infrastructure, and the use of technology to support functioning demands
for power. The need for power will continue to increase with the growing
size of the population and the growth of the global economy. Adoption of
renewable energies for power production is one of the solutions to
reduce power shortages.

This market research report on the global
hydropower turbines market 2018-2022
also provides an analysis
of the most important trends expected to impact the market outlook
during the forecast period. Technavio classifies an emerging trend as a
major factor that has the potential to significantly impact the market
and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time
only:
View
market snapshot before purchasing

In this report, Technavio highlights the growth in pumped hydro storage
market as one of the key emerging trends in the global hydropower
turbines market:

Global hydropower turbines market: Growth in
the pumped hydro storage market

Pumped hydro storage is a water storage mechanism that is used for
hydropower generation based on electricity demand. The mechanism
involves water pumped from a lower reservoir to an elevated reservoir
with the help of reversible pumps.

"These pumps use the excess electricity produced by pumping water
back into the elevated reservoir during low power requirements to
produce electricity when required. Some of the benefits of pumped hydro
storage includes stability, storage capacity, and ancillary benefits,"
says
a senior analyst at Technavio for research on power.

Global hydropower turbines market: Segmentation
analysis

This market research report segments the global hydropower turbines
market by application (small hydropower turbines and large hydropower
turbines) and geographical regions (APAC, EMEA, and the Americas).

The large hydropower turbines segment held the largest market share in
2017, accounting for nearly 72% of the market. This application segment
is expected to dominate the global market throughout the forecast period.

APAC led the market in 2017 with a market share of nearly 42% of the
market share. The market share occupied by this region is anticipated to
increase during 2018-2022.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market sizing
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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