According to a new market report published by Transparency Market Research (titled “Hydro Turbine Market (Type – Impulse Turbine (Pelton Turbine and Cross Flow Turbine) and Reaction Turbine (Kaplan Turbine, Francis Turbine, and Bulb Turbine); Installation Site – Pico Hydro Plants (0 kw – 5 kw), Micro Hydro Plants (5 kw – 100 kw), Mini Hydro Plants (100 kw – 500 kw), and Large Hydro Plants (more than 500 kw); Head Type – Low Head (Less than 30 m), Medium Head (30 m to 300 m), and High Head (300 m to 1500 m) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 - 2027,” the global hydro turbine market is expected to reach a value of US$ 3,020.3 Mn by 2027. In terms of value, the market is estimated to expand at a CAGR of 4.7% during the forecast period from 2018 to 2027. Based on volume, the market stood at around 7,015 units in 2017. The Asia Pacific hydro turbine market is projected to witness the highest growth during the forecast period both in terms of value (US$ Mn) and volume (Units). The market witnessed considerable growth in the Asia Pacific region due to increasing government initiatives to deal with frequent power shortages. China and India are major economies estimated to drive the market in the near future.