Hydro Turbine Generator Unit Market - Size, Industry Share, Growth Trends and Forecasts (2025-2032)

By Turbine Type:

Based on turbine type, the market is segmented into francis turbine, propeller/kaplan turbine, kinetic turbine, pelton turbine, and others.

Trends in the turbine type:

• Increasing trend in adoption of francis turbines in hydropower plants due to its high efficiency, smooth operation, and increased versatility.
• There is a rising trend towards utilization of propeller/kaplan turbines in low-head hydroelectric power plants, attributing to its variable flow adaptability, and high efficiency at low head applications.

The francis turbine segment accounted for the largest revenue share of 32.64% in the total hydro turbine generator unit market share in 2024.

• The francis turbine refers to a type of hydro turbine that operates on the principle of converting the kinetic energy of water into mechanical energy. It is type of inward flow reaction turbine, wherein both the pressure and kinetic energy of the water contribute to its operation.
• Moreover, francis turbines are ideal for medium-head installations and can operate efficiently over a wide range of flow conditions.
• Additionally, francis turbines offer several benefits such as high efficiency, compact design, smooth operation, and increased versatility among others.
• For instance, Kirloskar Brothers Limited offers francis turbines in its product offerings. KBL francis turbines are generally used for sites that have medium head and medium discharge.
• According to the hydro turbine generator unit market analysis, the rising advancements associated with francis turbines are driving the hydro turbine generator unit market trends.

Propeller/kaplan turbine segment is anticipated to register significant CAGR growth during the forecast period.

• Propeller/kaplan turbines are designed to convert the energy in flowing water into mechanical energy. It often features adjustable blades that enable the turbine to optimize its performance under numerous water flow conditions.
• Moreover, these turbines provide several benefits such as high efficiency at low head applications, variable flow adaptability, and improved ability to handle fluctuations in water flow among others.
• For instance, in September 2023, GE Vernova completed the upgradation of its first among six kaplan turbine and generator units at the Qairokkum hydropower plant located in Tajikistan.
• Therefore, the increasing adoption of propeller/kaplan turbines in hydropower plants are projected to drive the hydro turbine generator unit market growth during the forecast period.

By End-Use:

Based on the end-use, the market is segmented into small hydropower plant, medium hydropower plant, and large hydropower plant.

Trends in the end-use:

• Factors including the growing demand for electricity, along with increasing need for clean and renewable source of energy are key trends propelling the growth of the segment.
• Rising adoption of advanced hydro turbine generator set in hydropower plants to ensure maximum efficiency and reliability in energy conversion and production is driving the market.

Large hydropower plant segment accounted for the largest revenue share in the overall hydro turbine generator unit market share in 2024, and it is anticipated to register substantial CAGR growth during the forecast period.

• Large hydropower plants refer to facilities that usually have a capacity of more than 30 megawatts (MW), while this capacity can vary depending on the country.
• Large hydropower plants typically utilize substantial water sources, such as large rivers or reservoirs, and are mainly designed for converting the energy from moving water into electricity on a large scale.
• Moreover, large hydropower plants can generate hundreds to thousands of megawatts, making them a prominent source of renewable energy.
• Additionally, large hydropower plants usually deploy highly efficient turbines that are ideal for various hydraulic conditions while the turbine generator set ensures maximum efficiency and reliability in energy conversion and production.
• For instance, in March 2024, the Indian government inaugurated the 2,880 MW multipurpose hydropower project, which is a large hydropower project, located in the Lower Dibang Valley district of Arunachal Pradesh, India. The project will generate 11,223 million units of hydropower each year, which will be fed into the northern grid.
• According to the analysis, the rising development of large hydroelectric power plant is driving the adoption of hydro turbine generators, in turn propelling the hydro turbine generator unit market size.