Hydro Generators Market is segmented By Capacity (101 to 250 W, 251 to 500 W, 501 to 750 W, 751 W and above, Up to 100 W), By Type (On-Site Generation....
Market Size in USD
CAGR6.8%
Study Period | 2024 - 2031 |
Base Year of Estimation | 2023 |
CAGR | 6.8% |
Market Concentration | High |
Major Players | General Electric Company, Siemens AG, Andritz AG, Voith Group, Toshiba Corporation |
The hydro generators market is estimated to be valued at USD 156.22 billion in 2024 and is expected to reach USD 247.55 billion by 2031. It is projected to grow at a compound annual growth rate (CAGR) of 6.8% from 2024 to 2031. The hydro generators market has seen consistent growth with increasing global efforts to reduce carbon emissions and transition to more sustainable energy sources.