The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including Hydropower Turbine Market.
It was estimated prior to this unanticipated outbreak Hydropower Turbine Market will reach CAGR of 7.9% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
Hydropower Turbine Market Insights
Hydropower turbine market is likely to witness an impressive CAGR of 7.9% during the forecast period. The major factor contributing to the demand for hydropower turbines is the growing demand for clean energy.
Market Share Analysis
Hydropower Turbine Market Share: By Capacity Type
Based on the capacity type, the market is segmented as ≤1 MW, 1 - 10 MW, and >10 MW. The
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