The boom in hydropower investments and supportive government programmes and regulations to encourage the adoption of renewable technologies are the main factors driving the Water Turbine Market. Global demand for renewable energy is rising as a result of country-level policy initiatives like Nationally Determined Contributions (NDCs) and Sustainable Development Goals (SDGs). However, during the anticipated timeframe, high production costs are anticipated to be a significant limitation on the market for water turbines worldwide. Fossil fuels including coal, oil, and natural gas continue to be a major component of the power generation process. The crew's safety must also be taken into account when installing water turbines. The upkeep of water turbines is expensive. The market for water turbines is being hampered by these concerns.
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