Hydraulic Turbine Market Size & Share, by Application (Power Generation, Energy Storage, Industrial Applications, Irrigation & Water Supply); Capacity; Type; Component - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2026-2035

Hydraulic Turbine Market - Regional Analysis

APAC Market Insights

The Asia Pacific is the dominating region in the hydraulic turbine market, and is expected to hold a market share of 48.4% by 2035. This region is propelled by the extensive investments in clean energy to meet the rapidly increasing demand for electricity and the ambitious climate goals. The key driver is the development of hydro projects on a large scale, mainly in China and India, as they are essential for base load power and flood control. The rise in pumped storage hydropower projects to stabilize grids that are increasingly reliant on intermittent solar and wind power is the key trend driving the market growth.

China is leading the hydraulic turbine market in the Asia Pacific region during the forecast period 2026 to 2035. As per the Berkeley University of California report in July 2025, the country is driven by its 14th Five-Year Plan, targeting 62 GW of new pumped storage by 2025. Furthermore, Suneco Hydro, a prominent hydro turbine generator manufacturer in China, exports 86% of its products to Europe, North America, South Africa, Thailand, and more. This solidifies China's global market dominance, with a primary focus on large-scale power generation and grid stability to support the nation's immense renewable energy and decarbonization goals.

China’s Pumped Hydropower Storage Installed Capacity From 2015 to 2022

Source: Berkeley University of California  July 2025

The hydraulic turbine market in India is growing at a fast pace, mainly due to the highly publicized National Mission on Hydro Power and the substantial project allocations like the 2,880 MW Dibang Project. As per the PIB report in March 2024, India is expected to generate 11,000 million units of hydro power annually.  The potential of the country is being released by the changes in the hydro tariffs and the promotion of foreign investments along with other government measures. The focus is mainly on both large-scale projects for baseload power and small-hydro systems to electrify remote regions, positioning India as the fastest-growing major market in the APAC region.

Europe Market Insights

The hydraulic turbine market in Europe is influenced by the refurbishment and modernization of its aging fleet. The digitization of hydropower plants is the most significant trend, where IoT and AI are integrated for predictive maintenance and grid balancing services to support intermittent renewables such as wind and solar. Strict EU Green Deal targets for renewable energy and the REPowerEU plan's focus on energy independence are the main policy drivers. Growth is concentrated in upgrading existing facilities for higher efficiency and flexibility, alongside developing new, small-scale hydropower and modern pumped-storage projects.

The UK hydraulic turbine market is largely focused on small hydropower and new pumped storage projects that aim to stabilize the national grid. As per the Net Zero Go data, which is managed by Energy Systems Catapult in 2025, the fund of £1 billion is announced to surge the commercialization of low-carbon technologies, systems, and business models in power, buildings, and industry. This, in turn, is the main enabler and accelerator of advanced hydropower and pumped storage projects development nationwide.

The hydraulic turbine market in Germany holds the highest revenue share by 2035 in the Europe market. The dominance is driven by the Energiewende policy that prioritizes the phase out of nuclear and fossil fuels, hence creating a demand for flexible, reliable, and clean power sources to stabilize the grid along with volatile wind and solar output. The federal Environment Ministry allocates significant funds via the Renewable Energies research program that supports the hydraulic market indirectly.

Hydro Power Generation in Europe from 2014 to 2024

Source: International Hydropower Association 2022

North America Market Insights

The major factor behind the growth of the North America hydraulic turbine market is the modernization and refurbishment of the region's old hydropower fleet. The main trend is the use of digital controls and IoT sensors to enhance efficiency and grid stability, thus supporting variable renewables like wind and solar. The main drivers of the market include incentives by the government for carbon-free power and the need for reliable, long-duration storage. The U.S. leads with huge investment, while Canada is untapped with vast hydro potential.

The U.S. hydraulic turbine market is driven by the modernization and powering up of its existing fleet that represents a significant part of the nation’s non-federal hydropower capacity. The major trend is the deployment of enhanced pumped storage hydropower to improve the grid reliability and integrate variable renewable resources. As per the ICT news data in 2025, the U.S. has 450 hydroelectric stations accounting for more than 16 gigawatts. The country is now witnessing a major shift in the hydropower facility.

Canada’s market is characterized by massive investments in both large-scale projects for the export of clean electricity and small-scale systems for the electrification of remote communities. The key trend is the use of the country's vast hydro infrastructure to create hybrid systems that includes solar and wind to produce more resilient microgrids. For example, Norcan Hydraulic Turbine Inc. replaced a 1,295 mm (51 in.), 2,584 kW Francis runner in eastern Canada along with the essential components such as brushes, pins, wicket gates, guide bearing, and main shaft. This highlights the nation's commitment to modernizing its hydro infrastructure to generate power that is both reliable and sustainable.