Pumped Hydro Storage Market, By Type (Open-Loop, Closed-Loop), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
Pumped hydro storage (PHS) is an energy storage method that uses water to store energy. This process uses a reservoir, well, or rock formation to store water. When surplus electricity is generated, the pumped water is channeled over a turbine, generating electricity. This process is closed-loop and has the potential to store massive amounts of energy. Pumped hydro storage is a great way to store excess electricity and use it during times when demand is high. It is particularly useful in areas where the availability of peaker plants is limited. These plants are designed to operate during times of high demand, but are increasingly used to fill the gaps in the grid when intermittent renewable generation is insufficient.
Market Dynamics:
The pumped hydro storage market is growing in terms of revenue and installation in various geographies. Its key growth drivers include the availability of abundant natural resources, ease of construction, and power generation. Additionally, the rise in renewable energy generation and the increasing need for grid network load management are again contributing to the industry's growth. The industry's rapid growth is also supported by the emergence of newer technologies and ongoing R&D activities.
On the other hand, environmental and social impact of PHS projects is projected to hinder the market growth.
Key features of the study:
- This report provides in-depth analysis of the global pumped hydro storage market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global pumped hydro storage market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Operators(Duke Energy Corporation, EON SE, Enel SPA, and Electricite de France SA, and Iberdrola SA) Technology Providers(General Electric Company, Siemens AG, Andritz AG, Mitsubishi Heavy Industries, Ltd, Voith GmbH & Co. KGaA, and Ansaldo Energia SpA)
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global pumped hydro storage market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global pumped hydro storage market
- Global Pumped Hydro Storage Market, By Type:
- Open-Loop
- Closed-Loop
- Global Pumped Hydro Storage Market, Geography:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
- Company Profiles:
- Operators
EON SE
Enel SPA
Electricite de France SA (EDF)
Iberdrola SA
- Technology Providers
Siemens AG
Andritz AG
Mitsubishi Heavy Industries, Ltd
Voith GmbH & Co. KGaA
Ansaldo Energia SpA
- 1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- 2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snapshot, By Type
- Market Snapshot, By Geography
- Coherent Opportunity Map (COM)
- 3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Increasing adoption of renewable energy sources
- Restraints
- Growing competition from alternatives
- Opportunities
- Development of novel PSH technologies
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product launch/Approvals
- PEST Analysis
- PORTER’s Analysis
- Merger and Acquisition Scenario
- 4. Global Pumped Hydro Storage Market– Impact of Coronavirus (COVID-19) Pandemic
- COVID-19 Epidemiology
- Supply Side and Demand Side Analysis
- Economic Impact
- 5. Global Pumped Hydro Storage Market, By Type, 2017-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2017 – 2030
- Segment Trends
- Open-Loop
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
- Closed-Loop
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
- 6. Global Pumped Hydro Storage Market, By Region, 2017-2030, (US$ Bn)
- Introduction
- Market Share Analysis, By Country, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, For Country 2017–2030
- Country Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2017-2030,(US$ Bn)
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2017-2030,(US$ Bn)
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2017-2030,(US$ Bn)
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2017-2030,(US$ Bn)
- Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2017-2030,(US$ Bn)
- Rest of World
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2017-2030,(US$ Bn)
- 7. Competitive Landscape
- Duke Energy Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- EON SE
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Enel SPA
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- General Electric Company
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Siemens AG
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Andritz AG
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Mitsubishi Heavy Industries, Ltd
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Voith GmbH & Co. KGaA
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Ansaldo Energia SpA
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Electricite de France SA (EDF)
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Analyst Views
- 8. Section
- Research Methodology
- About us
- *Browse 24 market data tables and 28 figures on "PUMPED HYDRO STORAGE Market” - Global forecast to 2030
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