| Product Code: ETC5524316 | Publication Date: Nov 2023 | Updated Date: Apr 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |

The Ireland Hydraulic Turbines Market experienced a peak size of €0.37 million in 2023, following a period of fluctuation. From 2020 to 2024, the market size ranged between €0.07 million to €0.24 million, showcasing volatility. The forecasted trend from 2025 to 2030 suggests a steady decline with an expected size of €0.20 million in 2030. The CAGR for 2022-24 stands at -3.72%, while for 2025-30 it is projected at -1.72%. The downward trend can be attributed to global economic uncertainties impacting investment in renewable energy projects. Despite this, Ireland is set to launch a new renewable energy initiative in 2027, focusing on enhancing hydraulic turbine technology to boost market growth and sustainability. This initiative aligns with the country's commitment to achieving renewable energy targets and reducing carbon emissions.

In the Ireland Hydraulic Turbines Market, exports witnessed fluctuations during the period under review. Starting at €11.6 thousand in 2019, exports declined sharply in 2024 to €395 thousand before showing a slight recovery to around €297 million in 2025. This decline can be attributed to various factors such as changes in global demand, supply chain disruptions, and competitive pressures. In contrast, imports experienced a steady increase from €272.2 thousand in 2019 to €520.8 million in 2025. The surge in imports could be linked to growing infrastructure projects in Ireland requiring more hydraulic turbines and components. The CAGR for exports from 2022 to 2024 was notably negative at -93.73%, indicating a substantial decrease in outbound shipments. Similarly, imports saw a CAGR of -58.17% during the same period, reflecting a significant contraction in foreign purchases. To capitalize on the increasing imports and rebound from the export decline, local manufacturers in Ireland may consider enhancing product quality, exploring new markets, and leveraging digital transformation to stay competitive in the global market for hydraulic turbines.
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 Ireland Hydraulic Turbines Market Overview |
3.1 Ireland Country Macro Economic Indicators |
3.2 Ireland Hydraulic Turbines Market Revenues & Volume, 2022 & 2032F |
3.3 Ireland Hydraulic Turbines Market - Industry Life Cycle |
3.4 Ireland Hydraulic Turbines Market - Porter's Five Forces |
3.5 Ireland Hydraulic Turbines Market Revenues & Volume Share, By Designs, 2022 & 2032F |
3.6 Ireland Hydraulic Turbines Market Revenues & Volume Share, By Capacity, 2022 & 2032F |
3.7 Ireland Hydraulic Turbines Market Revenues & Volume Share, By Applications, 2022 & 2032F |
4 Ireland Hydraulic Turbines Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Government initiatives promoting renewable energy sources |
4.2.2 Increasing focus on sustainability and environmental conservation |
4.2.3 Growth in industrial and infrastructural projects requiring hydraulic turbines |
4.3 Market Restraints |
4.3.1 High initial investment costs for hydraulic turbine installations |
4.3.2 Limited availability of suitable water resources for hydropower projects |
5 Ireland Hydraulic Turbines Market Trends |
6 Ireland Hydraulic Turbines Market Segmentations |
6.1 Ireland Hydraulic Turbines Market, By Designs |
6.1.1 Overview and Analysis |
6.1.2 Ireland Hydraulic Turbines Market Revenues & Volume, By Impulse Turbine, 2022 - 2032F |
6.1.3 Ireland Hydraulic Turbines Market Revenues & Volume, By Reaction Turbine, 2022 - 2032F |
6.2 Ireland Hydraulic Turbines Market, By Capacity |
6.2.1 Overview and Analysis |
6.2.2 Ireland Hydraulic Turbines Market Revenues & Volume, By Less Than 1000 kW, 2022 - 2032F |
6.2.3 Ireland Hydraulic Turbines Market Revenues & Volume, By Between 1000 - 10000 kW, 2022 - 2032F |
6.2.4 Ireland Hydraulic Turbines Market Revenues & Volume, By More Than 10000 kW, 2022 - 2032F |
6.3 Ireland Hydraulic Turbines Market, By Applications |
6.3.1 Overview and Analysis |
6.3.2 Ireland Hydraulic Turbines Market Revenues & Volume, By Marine, 2022 - 2032F |
6.3.3 Ireland Hydraulic Turbines Market Revenues & Volume, By Oil and Gas, 2022 - 2032F |
6.3.4 Ireland Hydraulic Turbines Market Revenues & Volume, By Power Storage and Generation, 2022 - 2032F |
6.3.5 Ireland Hydraulic Turbines Market Revenues & Volume, By Others, 2022 - 2032F |
7 Ireland Hydraulic Turbines Market Import-Export Trade Statistics |
7.1 Ireland Hydraulic Turbines Market Export to Major Countries |
7.2 Ireland Hydraulic Turbines Market Imports from Major Countries |
8 Ireland Hydraulic Turbines Market Key Performance Indicators |
8.1 Percentage of electricity generated from hydropower sources in Ireland |
8.2 Number of new hydropower projects initiated annually |
8.3 Investment in research and development for improving hydraulic turbine efficiency |
9 Ireland Hydraulic Turbines Market - Opportunity Assessment |
9.1 Ireland Hydraulic Turbines Market Opportunity Assessment, By Designs, 2022 & 2032F |
9.2 Ireland Hydraulic Turbines Market Opportunity Assessment, By Capacity, 2022 & 2032F |
9.3 Ireland Hydraulic Turbines Market Opportunity Assessment, By Applications, 2022 & 2032F |
10 Ireland Hydraulic Turbines Market - Competitive Landscape |
10.1 Ireland Hydraulic Turbines Market Revenue Share, By Companies, 2025 |
10.2 Ireland Hydraulic Turbines Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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