Hydro Turbine Market Size
Market Size in USD Bn
CAGR6.6%
| Study Period | 2025-2032 |
| Base Year of Estimation | 2024 |
| CAGR | 6.6% |
| Market Concentration | Medium |
| Major Players | General Electric Company, Siemens AG, Andritz AG, Voith Group, Toshiba Corporation and Among Others |
*Disclaimer: Major players are listed in no particular order.
*Source: Coherent Market Insights
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Hydro Turbine Market Analysis
The hydro turbine market is estimated to be valued at USD 10.55 Bn in 2025 and is expected to reach USD 16.50 Bn by 2032. It is projected to grow at a compound annual growth rate (CAGR) of 6.6% from 2025 to 2032. Growth in renewable energy adoption and supportive government policies promoting clean energy are fueling growth of the hydro turbines market.