The European Hydro turbine Market has been estimated at USD XX billion in 2015 and is projected to reach USD XX billion by 2020, at a CAGR of XX% during the forecast period from 2015 to 2020. Hydro turbines are the device that converts hydraulic energy into the mechanical energy. The turbines transfer the energy from a flowing fluid to rotating shaft. Hydropower is a relatively mature industry that has been generating electricity since 19th century. Hydropower is providing approximately 17% of the world’s electricity and more than 50% of clean, renewable electricity output annually, worldwide. Europe region had an installed capacity of hydro energy of 227 GW in 2011. Hydro technology with a lower environmental impact such as low head turbines, small hydro and run-of river are extremely popular to meet energy needs.

These Hydro turbines offer solutions to both Power generation companies as well as the agricultural applications. Which include electricity production, agriculture, marine applications, mechanical drive, industrial, pumps.

This market is strongly driven by a number of factors, such as Increasing Energy Demand, rise in demand for CleanTech, European Policy targets that show inclination towards this technology etc. However, this market faces certain drawbacks, such Design challenges of the turbine, Ecological concern related to dams, Relocation and rehabilitation of affected stakeholders, Environmental Issues, long gestation period & high installation cost of dams, and others. These factors may act as a roadblock to the growth of the market.

This market is broadly segmented into two main types of hydro turbines: impulse and reaction. And reaction turbines were further divided into Kaplan, francis and reversible francis. The type of hydropower turbine selected for a project is based on the height of standing water?referred to as "head"?and the flow, or volume of water, at the site. Other deciding factors include how deep the turbine must be set, efficiency, and cost.

The market has also been geographically segmented into Austria, France, Germany, Greece, Italy, Norway, Romania, Russia, Spain, Sweden, Switzerland, Turkey and others, with Russia occupying the largest consumer base in the world. France and Spain follow the list in the same order. It has been estimated that only a third of the total world hydropower capacity has been developed, with most of this development and growth occurring in Europe and have made this region an area of immense potential and opportunities. However, the price sensitivity in this region has considerably hindered the growth of this market. Sweden currently with its hydro power share in its total mix, is highest in Europe.

The market has more relevance today since trends show that more countries are inclined towards renewable energy. The major companies dominating this market for its products, services, and continuous product developments are Alstom, Andritz, CAPSTONE TURBINE CORPORATION, CINK, GESS, Fitz Water Wheel, GUGLER Water Turbines, HYDRO ENERGY, SUPERLIT, WWS-Wasserkraft and others. The current trends in mergers and acquisitions indicate that the smaller companies are acquiring the bigger ones for higher innovations by utilizing their core competencies. The technology offers a huge potential of change in hydro power production market all over the world.