Pumped Hydroelectric Energy Storage (PHES) Market Report: Trends, Forecast and Competitive Analysis to 2030

Pumped Hydroelectric Energy Storage (PHES) Market Report: Trends, Forecast and Competitive Analysis to 2030

Pumped Hydroelectric Energy Storage (PHES) Trends and Forecast

The future of the global pumped hydroelectric energy storage (PHES) market looks promising with opportunities in the construction, wind energy, and electrical & electronic markets. The global pumped hydroelectric energy storage (PHES) market is expected to grow with a CAGR of 6.3% from 2024 to 2030. The major drivers for this market are increasing penetration of renewable energy sources, rising need for enhanced global energy storage industry, and developments in pump and turbine technology.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Pumped Hydroelectric Energy Storage (PHES) by Segment

The study includes a forecast for the global pumped hydroelectric energy storage (PHES) by source, application, end use, and region.

Pumped Hydroelectric Energy Storage (PHES) Market by Source [Shipment Analysis by Value from 2018 to 2030]:

• Natural Reservoirs
• Man-Made Reservoirs

Pumped Hydroelectric Energy Storage (PHES) Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Energy Management
• Frequency Control
• Provision Of Reserve
• Others

Pumped Hydroelectric Energy Storage (PHES) Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Construction
• Wind Energy
• Electrical & Electronics
• Others

Pumped Hydroelectric Energy Storage (PHES) Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Pumped Hydroelectric Energy Storage (PHES) Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies pumped hydroelectric energy storage (PHES) companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the pumped hydroelectric energy storage (PHES) companies profiled in this report include-

• General Electric
• Siemens
• Andritz
• Mitsubishi Heavy Industries
• EON SE
• PowerChina
• Hitachi

Pumped Hydroelectric Energy Storage (PHES) Market Insights

Lucintel forecasts that natural reservoir is expected to witness higher growth over the forecast period due to its lower construction costs and minimal environmental impact.

Within this market, electrical & electronic will remain the highest growing segment due to increasing application in microgrids and off-grid systems.

APAC is expected to witness highest growth over the forecast period due to strong investment in renewable energy and rapidly developing economies in the region.

Features of the Global Pumped Hydroelectric Energy Storage (PHES) Market

Market Size Estimates: Pumped hydroelectric energy storage (PHES) market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Pumped hydroelectric energy storage (PHES) market size by source, application, end use, and region in terms of value ($B).

Regional Analysis: Pumped hydroelectric energy storage (PHES) market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different sources, applications, end uses, and regions for the pumped hydroelectric energy storage (PHES) market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the pumped hydroelectric energy storage (PHES) market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the growth forecast for pumped hydroelectric energy storage (PHES) market?

Answer: The global pumped hydroelectric energy storage (PHES) market is expected to grow with a CAGR of 6.3% from 2024 to 2030.

Q2. What are the major drivers influencing the growth of the pumped hydroelectric energy storage (PHES) market?

Answer: The major drivers for this market are increasing penetration of renewable energy sources, rising need for enhanced global energy storage industry, and developments in pump and turbine technology.

Q3. What are the major segments for pumped hydroelectric energy storage (PHES) market?

Answer: The future of the pumped hydroelectric energy storage (PHES) market looks promising with opportunities in the construction, wind energy, and electrical & electronic markets.

Q4. Who are the key pumped hydroelectric energy storage (PHES) market companies?

Answer: Some of the key pumped hydroelectric energy storage (PHES) companies are as follows:

• General Electric
• Siemens
• Andritz
• Mitsubishi Heavy Industries
• EON SE
• PowerChina
• Hitachi

Q5. Which pumped hydroelectric energy storage (PHES) market segment will be the largest in future?

Answer: Lucintel forecasts that natural reservoir is expected to witness higher growth over the forecast period due to its lower construction costs and minimal environmental impact.

Q6. In pumped hydroelectric energy storage (PHES) market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to strong investment in renewable energy and rapidly developing economies in the region.

Q7. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the pumped hydroelectric energy storage (PHES) market by source (natural reservoirs and man-made reservoirs), application (energy management, frequency control, provision of reserve, and others), end use (construction, wind energy, electrical & electronics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?