Hydro Generators Market Size (2024 - 2029)

Hydro Generators Market Analysis

The hydro generators market is expected to register a CAGR of more than 8% during the forecast period.

The market was negatively impacted by COVID-19. Presently the market has now reached pre-pandemic levels.

• The primary factors that drive the market are the growing focus on renewable energy to reduce CO2 emissions and the growing focus on alternative fuels to achieve an imperishable form of energy.
• However, factors such as high CAPEX requirements, especially in the key markets, limited economical sites, and the extra expenditure, that arise to address social and environmental impacts, are expected to hinder the market growth during the forecast period.
• The initiatives to reduce carbon emissions in countries are expected to create opportunities shortly. For instance, Indonesia has developed a strategy for hydropower development to boost its industrial growth and reduce carbon emissions by 29% by 2030. 
• The Asia-Pacific region is expected to continue to dominate the hydro generators market, with the highest installed hydropower capacity. China and India are the prominent countries in the region that are dominating the market with majority of the total installed global hydropower capacity.

Hydro Generators Industry Segmentation

Hydro generators are the most important component of hydropower projects that are connected to a turbine to convert mechanical energy into electrical energy.

The market is segmented by size and geography. By size, the market is segmented into large, small, and micro. The report also covers the market size and forecasts for the hydro generators market across the major regions. For each segment, the market sizing and forecasts have been done on the revenue (USD Billion).