Global Hydro-Pumped Storage Plants Market Growth 2023-2029

Global Hydro-Pumped Storage Plants Market Growth 2023-2029

Hydro-pumped Storage is an altered use of conventional hydropower technology to store and manage energy. Hydro pumped storage projects store electricity by circulating water between an upper and lower reservoir. The electric energy is converted to potential energy and stored in the form of water at an upper elevation. Pumping the water uphill for temporary storage recharges the battery and during periods of high electricity demand the stored water is released back through the turbines and converted back to electricity like a conventional hydropower station.

LPI (LP Information)' newest research report, the “Hydro-Pumped Storage Plants Industry Forecast” looks at past sales and reviews total world Hydro-Pumped Storage Plants sales in 2022, providing a comprehensive analysis by region and market sector of projected Hydro-Pumped Storage Plants sales for 2023 through 2029. With Hydro-Pumped Storage Plants sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Hydro-Pumped Storage Plants industry.

This Insight Report provides a comprehensive analysis of the global Hydro-Pumped Storage Plants landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Hydro-Pumped Storage Plants portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Hydro-Pumped Storage Plants market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Hydro-Pumped Storage Plants and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Hydro-Pumped Storage Plants.

The global Hydro-Pumped Storage Plants market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

The increasing demand for energy storage systems and the emergence of ancillary services are two of the primary factors that are driving the global market for hydro-pumped storage plants. It has also been noted that hydro-pumped storage is gaining traction because of the increased importance of grid stability, along with the need for load balancing and energy storage. Moreover, the requirement of alternative energy sources with black start capability, reactive power generation, and an ability to operate as a spinning reserve are other factors that augur well for the future of this market during the forecast period.

This report presents a comprehensive overview, market shares, and growth opportunities of Hydro-Pumped Storage Plants market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Single Reversible Pump Turbines
Separate Pump
Turbine Generators

Segmentation by application
Energy Balancing
Stability
Storage Capacity
Ancillary Grid Services

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ABB
Alstom
Gugler
Voith hydro
Hong Kong Pumped Storage Development Company Limited
Sulzer
Toshiba Corp
Tractebel Engineering

Key Questions Addressed in this Report

What is the 10-year outlook for the global Hydro-Pumped Storage Plants market?

What factors are driving Hydro-Pumped Storage Plants market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Hydro-Pumped Storage Plants market opportunities vary by end market size?

How does Hydro-Pumped Storage Plants break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.