The global hydro turbine market is set for steady growth as countries accelerate their transition toward renewable and low-carbon energy systems. Valued at US$ 2.6 billion in 2024, the market is projected to expand at a compound annual growth rate (CAGR) of 5.9% from 2025 to 2035, reaching approximately US$ 4.9 billion by 2035. This growth reflects increasing investments in hydropower generation, grid stability, and sustainable energy infrastructure worldwide.

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Hydropower's Role in the Global Energy Transition

Hydropower remains the largest source of renewable electricity globally, contributing more than 16% of total electricity generation. As nations commit to achieving net-zero carbon goals, the modernization and expansion of hydropower infrastructure have become crucial. Hydro turbines-essential components that convert hydraulic energy into mechanical energy-are witnessing heightened demand for both new installations and rehabilitation of aging plants.

Moreover, the growing integration of variable renewable sources such as solar and wind has elevated the importance of hydropower as a flexible and reliable baseload and storage solution. The ability of hydropower plants to stabilize grids and balance intermittent generation makes hydro turbines indispensable in the global energy mix.

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