Market Forecast by Countries (China, India, Japan, Australia, Indonesia, Philippines, Thailand, Malaysia, Singapore, Rest of Asia), By Designs (Impulse Turbine, Reaction Turbine), By Capacity (Less Than 1000 kW, Between 1000 - 10000 kW, More Than 10000 kW), By Applications (Marine, Oil and Gas, Power Storage and Generation, Others) And Competitive Landscape
Product Code: ETC057332 | Publication Date: May 2021 | Updated Date: Dec 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | Asia Pacific Hydraulic Turbines Market |
Forecast period | 2025-2031 |
Forecast size | USD 8.9 billion by 2031 |
CAGR | 6.4% |
Growing Sector | Power Generation |
Asia Pacific Hydraulic Turbines Market report thoroughly covers the market by countries, designs, capacities, and applications. The market report provides an unbiased and detailed analysis of ongoing market trends, opportunities/high growth areas, and drivers, helping stakeholders align their strategies with current and future market dynamics.
The Asia Pacific Hydraulic Turbines Market was valued at USD 5.6 billion in 2025 and is projected to reach USD 8.9 billion by 2031, growing at a CAGR of 6.4% during the forecast period. The growth is driven by the region's increasing focus on renewable energy projects and the significant hydroelectric potential in countries like China, India, and Indonesia. Investments in upgrading existing hydroelectric facilities and the addition of small and medium-sized hydro projects are further fueling the market expansion.
The Asia Pacific Hydraulic Turbines Market has been witnessing steady growth as countries focus on achieving energy security and reducing carbon emissions. This market is central to the region’s strategy of leveraging abundant water resources for sustainable power generation. Government initiatives such as incentives for renewable energy projects and public-private partnerships are further accelerating the adoption of hydraulic turbines in the region.
According to 6Wresearch, the Asia Pacific Hydraulic Turbines Market is anticipated to grow at a CAGR of 6.4% during the forecast period 2025-2031. The Asia Pacific Hydraulic Turbines Market is primarily driven by the growing emphasis on renewable energy sources. With governments implementing ambitious policies to reduce reliance on fossil fuels, hydroelectricity is emerging as a preferred option due to its reliability and scalability. Countries such as China and India have launched massive hydropower projects, contributing to the rising demand for hydraulic turbines.
Furthermore, rural electrification programs across developing countries in Southeast Asia are bolstering investments in small hydro plants, which are cost-effective and environmentally sustainable. Another driver is technological innovation in turbine designs, improving efficiency and reducing maintenance costs. Reaction and impulse turbines with enhanced durability are being developed to cater to varied water flow conditions, enabling installations in diverse terrains. These advancements are particularly relevant in regions with seasonal water availability, ensuring year-round power generation. This trend is reflected in the Asia Pacific Hydraulic Turbines Market Growth.
However, challenges persist in the market. High initial capital costs associated with the installation of hydraulic turbines deter small-scale developers from investing. Additionally, environmental concerns regarding the impact of dams and hydroelectric facilities on aquatic ecosystems have led to stricter regulations, delaying project approvals. Geopolitical tensions and land acquisition issues in countries like India and China also act as bottlenecks for large-scale hydro projects.
The Asia Pacific Hydraulic Turbines Market is witnessing a surge in small and micro-hydro projects, particularly in rural and off-grid areas. Governments are actively promoting decentralized renewable energy systems to ensure energy access in remote regions. These projects are cost-effective and have minimal environmental impact, making them an attractive option for investors and policymakers alike.
The Asia Pacific Hydraulic Turbines Market presents lucrative opportunities for investors looking to capitalize on the region’s growing renewable energy sector. With countries such as China and India prioritizing hydropower in their energy mix, investments in advanced turbine technologies that enhance efficiency and durability are highly promising. Localized manufacturing is another area of opportunity, especially in Southeast Asian countries where import costs of turbines pose a significant challenge. Establishing regional production facilities not only reduces costs but also facilitates quicker project execution, making it an attractive prospect for investors.
Key players in the Asia Pacific Hydraulic Turbines Market include Andritz AG, General Electric, Voith GmbH, Alstom SA, and Siemens Energy. These companies dominate the market with their extensive product portfolios, advanced turbine technologies, and robust global distribution networks. Their focus on innovation and strategic partnerships with regional governments and utilities has solidified their position in this growing market.
The Asia Pacific Hydraulic Turbines Market is shaped by stringent government regulations aimed at ensuring environmental sustainability and project safety. Many countries have introduced policies to incentivize renewable energy projects, such as tax breaks and low-interest loans. These measures have made hydropower projects more economically viable, boosting demand for hydraulic turbines. Environmental concerns are leading to stricter guidelines for dam construction and water resource management. Developers must now conduct thorough environmental impact assessments before initiating projects.
This has lengthened the approval process but ensures the sustainable development of hydroelectric infrastructure. Governments are also focusing on modernizing aging hydroelectric plants to comply with updated safety standards and improve efficiency. This involves retrofitting older turbines with advanced models, creating significant opportunities for turbine manufacturers.
The Asia Pacific Hydraulic Turbines Market is poised for substantial growth as governments intensify efforts to transition toward renewable energy. Hydropower will continue to play a central role in achieving climate goals and meeting the region’s growing energy demands. The increasing adoption of small and medium-sized hydropower projects is expected to drive significant growth, especially in rural and off-grid areas. Technological advancements in turbine designs, including hybrid and floating turbines, will further fuel market growth. As research and development efforts expand, manufacturers are likely to introduce more efficient and cost-effective solutions tailored to diverse regional needs. Over the next decade, the market will see heightened activity as public and private stakeholders collaborate to achieve energy security and environmental sustainability.
The report offers a comprehensive study of the following market segments and their leading categories:
According to Ashutosh, Senior Research Analyst, 6Wresearch, the Impulse Turbines are expected to dominate the Asia Pacific Hydraulic Turbines Market by 2031, driven by their suitability for high head and low flow applications. These turbines are extensively used in hydropower plants in countries like China and India, where the focus on renewable energy is increasing. The segment is estimated to contribute USD 2.4 billion to the market size by 2031, supported by technological advancements in turbine efficiency.
The Between 1000 - 10,000 kW capacity segment is projected to be the fastest-growing category within the Asia Pacific Hydraulic Turbines Market. This category is well-suited for medium-scale power generation projects, especially in emerging economies like Indonesia and the Philippines, where rural electrification programs are gaining momentum. The segment is expected to reach USD 1.8 billion by 2031 due to increasing government investments in small and medium hydropower plants.
The Power Storage and Generation segment is anticipated to dominate the market, owing to the increasing adoption of hydropower for renewable energy generation. Governments across the region are actively investing in hydropower storage projects to balance energy demand and supply. This segment is estimated to account for USD 3.1 billion in the market by 2031, reflecting its importance in achieving energy sustainability.
China and India are expected to lead the Asia Pacific Hydraulic Turbines Market due to the large-scale deployment of hydropower plants and ongoing investments in renewable energy projects. China alone is projected to account for USD 4.2 billion in market size by 2031, driven by its ambitious hydropower expansion plans. India follows closely, with a focus on electrification initiatives in rural areas and an increasing reliance on hydroelectric power to meet its growing energy demands.
The Market Report includes the following segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Asia Pacific Hydraulic Turbines Market Overview |
3.1 Asia Pacific Regional Macro Economic Indicators |
3.2 Asia Pacific Hydraulic Turbines Market Revenues & Volume, 2020 & 2030F |
3.3 Asia Pacific Hydraulic Turbines Market - Industry Life Cycle |
3.4 Asia Pacific Hydraulic Turbines Market - Porter's Five Forces |
3.5 Asia Pacific Hydraulic Turbines Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 Asia Pacific Hydraulic Turbines Market Revenues & Volume Share, By Designs, 2020 & 2030F |
3.7 Asia Pacific Hydraulic Turbines Market Revenues & Volume Share, By Capacity, 2020 & 2030F |
3.8 Asia Pacific Hydraulic Turbines Market Revenues & Volume Share, By Applications, 2020 & 2030F |
4 Asia Pacific Hydraulic Turbines Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Asia Pacific Hydraulic Turbines Market Trends |
6 Asia Pacific Hydraulic Turbines Market, 2020 - 2030 |
6.1 Asia Pacific Hydraulic Turbines Market, Revenues & Volume, By Designs, 2020 - 2030 |
6.2 Asia Pacific Hydraulic Turbines Market, Revenues & Volume, By Capacity, 2020 - 2030 |
6.3 Asia Pacific Hydraulic Turbines Market, Revenues & Volume, By Applications, 2020 - 2030 |
7 China Hydraulic Turbines Market, 2020 - 2030 |
7.1 China Hydraulic Turbines Market, Revenues & Volume, By Designs, 2020 - 2030 |
7.2 China Hydraulic Turbines Market, Revenues & Volume, By Capacity, 2020 - 2030 |
7.3 China Hydraulic Turbines Market, Revenues & Volume, By Applications, 2020 - 2030 |
8 India Hydraulic Turbines Market, 2020 - 2030 |
8.1 India Hydraulic Turbines Market, Revenues & Volume, By Designs, 2020 - 2030 |
8.2 India Hydraulic Turbines Market, Revenues & Volume, By Capacity, 2020 - 2030 |
8.3 India Hydraulic Turbines Market, Revenues & Volume, By Applications, 2020 - 2030 |
9 Japan Hydraulic Turbines Market, 2020 - 2030 |
9.1 Japan Hydraulic Turbines Market, Revenues & Volume, By Designs, 2020 - 2030 |
9.2 Japan Hydraulic Turbines Market, Revenues & Volume, By Capacity, 2020 - 2030 |
9.3 Japan Hydraulic Turbines Market, Revenues & Volume, By Applications, 2020 - 2030 |
10 Australia Hydraulic Turbines Market, 2020 - 2030 |
10.1 Australia Hydraulic Turbines Market, Revenues & Volume, By Designs, 2020 - 2030 |
10.2 Australia Hydraulic Turbines Market, Revenues & Volume, By Capacity, 2020 - 2030 |
10.3 Australia Hydraulic Turbines Market, Revenues & Volume, By Applications, 2020 - 2030 |
11 Indonesia Hydraulic Turbines Market, 2020 - 2030 |
11.1 Indonesia Hydraulic Turbines Market, Revenues & Volume, By Designs, 2020 - 2030 |
11.2 Indonesia Hydraulic Turbines Market, Revenues & Volume, By Capacity, 2020 - 2030 |
11.3 Indonesia Hydraulic Turbines Market, Revenues & Volume, By Applications, 2020 - 2030 |
12 Philippines Hydraulic Turbines Market, 2020 - 2030 |
12.1 Philippines Hydraulic Turbines Market, Revenues & Volume, By Designs, 2020 - 2030 |
12.2 Philippines Hydraulic Turbines Market, Revenues & Volume, By Capacity, 2020 - 2030 |
12.3 Philippines Hydraulic Turbines Market, Revenues & Volume, By Applications, 2020 - 2030 |
13 Thailand Hydraulic Turbines Market, 2020 - 2030 |
13.1 Thailand Hydraulic Turbines Market, Revenues & Volume, By Designs, 2020 - 2030 |
13.2 Thailand Hydraulic Turbines Market, Revenues & Volume, By Capacity, 2020 - 2030 |
13.3 Thailand Hydraulic Turbines Market, Revenues & Volume, By Applications, 2020 - 2030 |
14 Malaysia Hydraulic Turbines Market, 2020 - 2030 |
14.1 Malaysia Hydraulic Turbines Market, Revenues & Volume, By Designs, 2020 - 2030 |
14.2 Malaysia Hydraulic Turbines Market, Revenues & Volume, By Capacity, 2020 - 2030 |
14.3 Malaysia Hydraulic Turbines Market, Revenues & Volume, By Applications, 2020 - 2030 |
15 Singapore Hydraulic Turbines Market, 2020 - 2030 |
16 Rest of Asia Hydraulic Turbines Market, 2020 - 2030 |
16.1 Rest of Asia Hydraulic Turbines Market, Revenues & Volume, By Designs, 2020 - 2030 |
16.2 Rest of Asia Hydraulic Turbines Market, Revenues & Volume, By Capacity, 2020 - 2030 |
16.3 Rest of Asia Hydraulic Turbines Market, Revenues & Volume, By Applications, 2020 - 2030 |
17 Asia Pacific Hydraulic Turbines Market Key Performance Indicators |
18 Asia Pacific Hydraulic Turbines Market - Opportunity Assessment |
18.1 Asia Pacific Hydraulic Turbines Market Opportunity Assessment, By Countries, 2020 & 2030F |
18.2 Asia Pacific Hydraulic Turbines Market Opportunity Assessment, By Designs, 2020 & 2030F |
18.3 Asia Pacific Hydraulic Turbines Market Opportunity Assessment, By Capacity, 2020 & 2030F |
18.4 Asia Pacific Hydraulic Turbines Market Opportunity Assessment, By Applications, 2020 & 2030F |
19 Asia Pacific Hydraulic Turbines Market - Competitive Landscape |
19.1 Asia Pacific Hydraulic Turbines Market Revenue Share, By Companies, 2023 |
19.2 Asia Pacific Hydraulic Turbines Market Competitive Benchmarking, By Operating and Technical Parameters |
20 Company Profiles |
21 Recommendations |
22 Disclaimer |