In 2023, Italy and Austria dominated the global export market of hydraulic turbines and water wheels with capacities of 1000-10000 kW, holding shares of 22.44% and 22.33%, respectively. Over the previous year, Austria showed a growth of 4.8%, outperforming Italy's 3.2% increase. Notably, Slovenia, Bulgaria, and India experienced substantial growth, with 6.85%, 5.82%, and 6.22% respective increases, indicating emerging strength. Conversely, Germany observed a slight decline, while China, France, and the Czech Republic faced significant drops, particularly China with a reduction of 16.01%.
Looking ahead, several future trends are worth attention:
- Continued demand in Europe could foster further growth in Italy and Austria, sustaining their leading positions.
- Declines in China and the U.S. may signal shifts in manufacturing or regional trade strategy that could reshape competitive dynamics.
- Emerging markets like Slovenia, Bulgaria, and India could become increasingly pivotal as they continue to expand their shares in the global market.
- The focus on renewable energy sources suggests potential growth in this sector, with technological advancements possibly influencing export figures.
Top countries in Export of Hydraulic Turbines and Water Wheels of a Power 1000-10000 kW Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 22.44 | 2023 | +4.08% | +3.2% | View data |
| 2 | 2 Austria | 22.33 | 2023 | +3.49% | +4.8% | View data |
| 3 | 3 Slovenia | 9.72 | 2023 | +0.92% | +6.85% | View data |
| 4 | 4 Bulgaria | 7.67 | 2023 | +4.71% | +5.82% | View data |
| 5 | 5 India | 7.49 | 2023 | +2.57% | +6.22% | View data |
| 6 | 6 Germany | 6.05 | 2023 | -1.47% | -0.83% | View data |
| 7 | 7 China | 4.14 | 2023 | -22.13% | -16.01% | View data |
| 8 | 8 United Kingdom | 3.12 | 2023 | -2.78% | +2.63% | View data |
| 9 | 9 Brazil | 2.11 | 2023 | +3.45% | +6.43% | View data |
| 10 | 10 Norway | 1.94 | 2023 | +5.47% | +2.3% | View data |
