Global Hydro Turbine Market Analysis, Growth, Trends & Forecast 2018-2023 - ResearchAndMarkets.com

DUBLIN--()--The "Global Hydro Turbine Market - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

In 2016, an estimated 31.5 GW of hydropower capacity became operational, including pumped storage, thus increasing the total global installed hydro power capacity to 1,246 GW.

This capacity addition is mainly driven by the demand for reliable, clean, and affordable power from countries that seek to meet the carbon reduction goals prescribed in the Paris Agreement. Moreover, the rapid growth of variable renewable energies (VRE) in the recent years is increasing the need for rapid-response energy storage technologies. The landscape for grid-scale energy storage is evolving, from being almost exclusively supplied by pumped-hydropower storage, to include various new technologies. Of these, battery storage is evolving and growing at a rapid pace, even as pumped hydropower storage continues to supply over 95% of energy storage requirements worldwide.

China alone accounts for almost one-third of the global hydropower capacity, and added approximately 11.74 GW of new capacity in 2016, including 3.74 GW of pumped storage, boosting its total installed capacity to 331 GW, including 26.7 GW of pumped storage. The most notable of China's hydropower fleet under construction is the Wudongde project on the Jinsha River in the southwest, which will provide 10.2 GW installed capacity, when complete. The project will have 12 turbines of 850 MW installed. The project began the construction phase in 2014, with the first generator scheduled to be commissioned in 2018. It is expected to be completed in 2020, and will be the sixth-largest hydropower project in the world, in terms of installed capacity.

Companies Mentioned

  • General Electric Co.
  • Siemens AG
  • Andritz AG
  • Canyon Industries Inc.
  • Cornell Pump Company
  • Gilbert Gilkes & Gordon Ltd
  • Kirloskar Brothers Limited
  • Nautilus LLC
  • Norcan Hydraulic Turbine Inc.
  • Waterwheel Factory
  • WWS-Wasserkraft GmbH

Key Topics Covered:

1. Executive Summary

2. Research Methodology

3. Market Overview

4. Market Dynamics

5. Value Chain Analysis

6. Industry Attractiveness - Porter's Five Forces Analysis

7. Market Segmentation and Analysis

8. Regional Market Analysis

9. Key Company Analysis

10. Competitive Landscape

11. Disclaimer

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Contacts

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Laura Wood, Senior Manager
press@researchandmarkets.com
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Related Topics: Turbines

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Turbines