Global Impulse Hydropower Turbine Market – Industry Trends and Forecast to 2029

Global Impulse Hydropower Turbine Market, By Power Rating (9≤1 M.W., 1 - 10 M.W., >10 M.W.), Depth (> 0 ≤ 30 m, > 30 ≤ 50 m, > 50 m), Head Length (2-25 m, 25-70 m, >70 m), Product (Pelton, Turgo, Cross Flow, Archimedean screw),  Application (Power Generation, Power Storage, Marine, Aeronautics) – Industry Trends and Forecast to 2029

Impulse Hydropower Turbine Market Analysis and Size

The hydropower generated 4,370 Terawatt-hours (TWh) of the world's electricity in 2020, the most of any renewable and low-carbon energy source. The contribution of hydropower, which is 55 percent greater than that of nuclear power and more than all other renewable energy (RE), is the greatest source of low carbon energy in the world's primary energy basket. Hydropower and pumped storage continue to be instrumental in our fight against climate change by offering important power, storage, and flexibility services. The case for government incentives was made stronger by hydropower's capacity to quickly ramp up or down power supply to follow load, meet peak demand, and compensate for intermittent generation from renewable energy (RE) sources as needed. Consequently, the market is projected to flourish at a positive rate over the forecast period.

Global impulse hydropower turbine market was valued at USD 350.00 million in 2021 and is expected to reach USD 549.48 million by 2029, registering a CAGR of 5.80% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes technological advancements, regulatory framework, PESTEL, porter's five forces analysis, industry standards-at a glance, raw material costs/ operational expenditure-overview, supply chain analysis, vendor selection criteria, pricing analysis, production analysis, and climate chain scenario.

Impulse Hydropower Turbine Market Scope and Segmentation

Market Definition

An impulse hydropower turbine basically uses the velocity of the water to move the runner and discharges at atmospheric pressure. Each bucket on the runner receives a stream of water. The water hits the runner before flowing out the bottom of the turbine housing because there is no suction on the down side of the turbine.

Impulse Hydropower Turbine Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• High Usage of Hydroelectricity

The primary renewable energy source that supplies more than 16% of the world's electrical needs is hydroelectricity. Consequently, hydropower turbines are excellent for this type of energy production. It is anticipated that the introduction of cutting-edge developments in hydropower turbines, which can generate clean energy for small cities, villages, and private usage and can draw power from modest water sources, will hasten the market's expansion. These turbines are widely employed in the automation of buildings' heating, cooling, and ventilation systems as well as in the marine and aviation industries. The main drivers of market expansion are high potential and need for hydroelectric power generation, low maintenance costs, excellent energy conversion, and the need for no fuel.

• Beneficial Features of Impulse Hydropower Turbine

The impulse hydropower turbine is quite effective; even at modest discharge, this turbine can function well. Moreover, the installation is not very complicated and it is really simple to put together. The impulse hydropower turbine can be modified to accommodate changes in flow rate. At very low flow rates, a single nozzle is utilized, while at high flow rates, many nozzles are employed. Consequently, these advantages further increase the adoption rate of the impulse hydropower turbine market, thus propelling the market’s growth during forecast period.

Furthermore the popularity of new technologies including run-of-river, low head turbines, and tiny hydro plants is also anticipated to increase market demand. Many important stakeholders are being driven to use environmentally friendly power production technologies to foster sustainable development among diverse nations worldwide by increasing environmental deterioration and awareness of climate change. It is projected that such factors will encourage market expansion in the coming years.

Opportunities

• Technological Advancements and Integration of the IIOT Devices

Furthermore, technological advancements coupled with integration of the IIOT devices to improve efficiency by the market players further extend profitable opportunities to the market players in the forecast period of 2022 to 2029. For instance, in July 2017, N.T.N. Corporation unveiled the N.T.N. Micro Hydro Turbine, a tiny hydroelectric generator with independent power that can generate electricity effectively when installed in an existing water channel.

• Increasing Government Policies

Moreover, numerous favorable initiatives and subsidies provided by the government is estimated to offer lucrative opportunities to the market growth. For instance, Section 242 of the Energy Policy Act of 2005 authorized cash for incentives to promote the generation of hydroelectricity in 2014. This statute allows for maximum compensation of $750,000 per year and allows industry participants to receive up to 1.8 cents per kilowatt hour (kWh) of energy generated. Additionally, industry participants are eligible to obtain tax credits up to 1.1 cents per kWh under the renewable electricity production tax credit system.

Restraints/Challenges

• High Costs

The high cost of setting up hydropower turbines due to the need for supporting infrastructure prevents the implementation of impulse hydropower turbines even after having a high capacity factor. As a result, even minor technical issues can be difficult and costly to resolve. As a result, the global impulse hydropower turbine market is hampered by high installation and maintenance costs.

• Drawbacks associated with Impulse Hydropower Turbine

The various limitations such as the complex turbine design, ecological issues with dams, protracted gestation periods, and expensive dam installation costs, are restricting the market’s growth. These limitations will largely challenge to the growth of the impulse hydropower turbine market.

This impulse hydropower turbine market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the impulse hydropower turbine market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Impulse Hydropower Turbine Market

The recent outbreak of coronavirus had a negative impact on the impulse hydropower turbine market, due to the disruption in the supply chain of raw materials like concrete and turbines brought on by the coronavirus pandemic, investments in the hydropower sector have suffered. In addition to this, owing to halted manufacturing, a lack of workers, and limitations on travel, hydropower projects that depend on local suppliers for massive amounts of concrete and other materials during the building phase have been unable to meet demand. Construction has been permitted to proceed in several nations, with contractors adhering to public health recommendations including social withdrawal and self-isolation. The development is, however, inherently slower.

Over the next few years, it's anticipated that the slowdown and cancellation of a number of hydropower projects due to a broken supply chain and a labor shortage will hurt demand for water turbines.

Global Impulse Hydropower Turbine Market Scope

The impulse hydropower turbine market is segmented on the basis of power rating, depth, head length, product and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Power Rating

• 9≤1 M.W.
• 1 - 10 M.W.
• >10 M.W.

Depth

• 0 ≤ 30 m
• 30 ≤ 50 m
• 50 m

Head Length

• 2-25 m
• 25-70 m
• >70 m

 Product

• Pelton
• Turgo
• Cross Flow
• Archimedean screw

Application

• Power Generation
• Power Storage
• Marine
• Aeronautics

Impulse Hydropower Turbine Market Regional Analysis/Insights

The impulse hydropower turbine market is analyzed and market size insights and trends are provided by country, power rating, depth, head length, product and application as referenced above.

The countries covered in the impulse hydropower turbine market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Poland, Norway, Finland, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Nigeria, Algeria, Angola, Ghana, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the impulse hydropower turbine market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the increased concerns for carbon emissions from governments across emerging nations, such as China, India, and South Korea.

North America on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the increased subsidies provided by governments on water turbines will aid in the acceptance of wind energy in the economy. Moreover, other eco-friendly energy norms imposed by governments of these countries are anticipated to accelerate the rate of market expansion within the region

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Impulse Hydropower Turbine Market Share Analysis

The impulse hydropower turbine market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to impulse hydropower turbine market.

Some of the major players operating in the impulse hydropower turbine market are

• FLOVEL Energy Private Limited (India)
• FOURESS Engineering (India) Private Limited. (India)
• Voith GmbH & Co. KGaA (Germany)
• ANDRITZ (Austria)
• Bharat Heavy Electricals Limited (India)
• SNC-Lavalin Group (Canada)
• Gilbert Gilkes & Gordon Ltd (U.K.)
• Toshiba Corporation (Japan)
• Doosan Corporation (South Korea)
• Hitachi Ltd. (Japan)
• Nordex S.E. (Germany)
• M a v e l, a.s. (Czech Republic)
• Ganz E.E.M. (Hungary)
• General Electric (U.S.)
• Siemens (Spain)
• ABB (Switzerland)
• Kolektor (Slovenia)
• Canyon Hydro (U.S.)