Pumped Hydro Storage Market: Global Market Size, Forecast, Insights, Segmentation, and Competitive Landscape with Impact of COVID-19 & Russia-Ukraine War

Pumped Hydro Storage Market: Global Market Size, Forecast, Insights, Segmentation, and Competitive Landscape with Impact of COVID-19 & Russia-Ukraine War


The global pumped hydro storage market is expected to grow at a CAGR of around 5.5% during 2025-2034. This report on global pumped hydro storage market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the global pumped hydro storage market by segmenting the market based on system, source, and region. Also, detailed profiles of companies operating in the pumped hydro storage market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.

Market Drivers

• High Storage Capacity
• Flexibility in Power Output

Market Challenges

• High Initial Investments

Historical & Forecast Period

Base Year: 2024
Historical Period: 2020-2024
Forecast Period: 2025-2034

Market by System

• Open Loop
• Closed Loop

Market by Source

• Natural Reservoirs
• Man-Made Reservoirs

Market by Region

• Europe
Germany
United Kingdom
France
Italy
Spain
Russia
Netherlands
Rest of Europe
• North America
United States
Canada
• Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Rest of Asia Pacific
• Latin America
Mexico
Brazil
Argentina
Rest of Latin America
• Middle East & Africa
Saudi Arabia
Turkey
Iran
United Arab Emirates
Rest of Middle East & Africa


1. Preface
1.1 Objective
1.2 Target Audience & Key Offerings
1.3 Report’s Scope
1.4 Research Methodology
1.4.1 Phase I
1.4.2 Phase II
1.4.3 Phase III
1.5 Assumptions
2. Key Insights
3. Global Pumped Hydro Storage Market
3.1. Introduction
3.2. Market Drivers
3.3. Market Challenges
4. Global Pumped Hydro Storage Market Analysis
4.1. Market Portraiture
4.2. Market Size
4.3. Market Forecast
4.4. Impact of COVID-19
4.5. Impact of Russia-Ukraine War
5. Global Pumped Hydro Storage Market by System
5.1. Introduction
5.2. Open Loop
5.3. Closed Loop
6. Global Pumped Hydro Storage Market by Source
6.1. Introduction
6.2. Natural Reservoirs
6.3. Man-Made Reservoirs
7. Global Pumped Hydro Storage Market by Region
7.1. Introduction
7.2. Europe
7.2.1. Germany
7.2.2. United Kingdom
7.2.3. France
7.2.4. Italy
7.2.5. Spain
7.2.6. Russia
7.2.7. Netherlands
7.2.8. Rest of the Europe
7.3. North America
7.3.1. United States
7.3.2. Canada
7.4. Asia Pacific
7.4.1. China
7.4.2. Japan
7.4.3. India
7.4.4. South Korea
7.4.5. Australia
7.4.6. Indonesia
7.4.7. Rest of the Asia Pacific
7.5. Latin America
7.5.1. Mexico
7.5.2. Brazil
7.5.3. Argentina
7.5.4. Rest of Latin America
7.6. Middle East & Africa
7.6.1. Saudi Arabia
7.6.2. Turkey
7.6.3. Iran
7.6.4. United Arab Emirates
7.6.5. Rest of Middle East & Africa
8. SWOT Analysis
9. Porter’s Five Forces
10. Market Value Chain Analysis
11. Competitive Landscape
11.1. Competitive Scenario
11.2. Company Profiles
11.2.1. Absaroka Energy, LLC
11.2.2. Andritz
11.2.3. DEC
11.2.4. Enel Spa
11.2.5. Eskom Holdings SOC Ltd.
11.2.6. General Electric
11.2.7. EDF
11.2.8. Genex Power Limited
11.2.9. Greenko Energy
11.2.10. J-POWER
11.2.11. KGaA
11.2.12. Litostroj Power
11.2.13. Mitsubishi Heavy Industries Machinery Systems. Ltd.
11.2.14. Nevada Hydro Corporation
11.2.15. Northland Power. Inc.
11.2.16. Obermeyer Hydro , Inc.
11.2.17. RusHydro
11.2.18. Schluchseewerk AG
11.2.19. Sinohydro Corporation
11.2.20. Tata Power
11.2.21. Toshiba Energy System & Solutions Corporation
11.2.22. Voith GmbH & Co.
List of Figures
Figure 1: Global Pumped Hydro Storage Market (in US$ Million), 2020-2024
Figure 2: Global Pumped Hydro Storage Market by System, 2024
Figure 3: Global Pumped Hydro Storage Market by Source, 2024
Figure 4: Global Pumped Hydro Storage Market by Region, 2024
Figure 5: Global Pumped Hydro Storage Market (in US$ Million), 2025-2034
Figure 6: Global Pumped Hydro Storage Market by System (in %), 2024 & 2034
Figure 7: Global Open Pumped Hydro Storage Market (in US$ Million), 2020-2024
Figure 8: Global Open Pumped Hydro Storage Market (in US$ Million), 2025-2034
Figure 9: Global Closed Pumped Hydro Storage Market (in US$ Million), 2020-2024
Figure 10: Global Closed Pumped Hydro Storage Market (in US$ Million), 2025-2034
Figure 11: Global Pumped Hydro Storage Market by Source (in %), 2024 & 2034
Figure 12: Global Natural Reservoirs Pumped Hydro Storage Market (in US$ Million), 2020-2024
Figure 13: Global Natural Reservoirs Pumped Hydro Storage Market (in US$ Million), 2025-2034
Figure 14: Global Man-Made Reservoirs Pumped Hydro Storage Market (in US$ Million), 2020-2024
Figure 15: Global Man-Made Reservoirs Pumped Hydro Storage Market (in US$ Million), 2025-2034
Figure 16: Global Pumped Hydro Storage Market by Region (in %), 2024 & 2034
Figure 17: Europe Pumped Hydro Storage Market (in US$ Million), 2020-2024
Figure 18: Europe Pumped Hydro Storage Market (in US$ Million), 2025-2034
Figure 19: Europe Pumped Hydro Storage Market by Country (in %), 2024 & 2034
Figure 20: Germany Pumped Hydro Storage Market (in US$ Million), 2020-2034
Figure 21: United Kingdom Pumped Hydro Storage Market (in US$ Million), 2020-2034
Figure 22: France Pumped Hydro Storage Market (in US$ Million), 2020-2034
Figure 23: Italy Pumped Hydro Storage Market (in US$ Million), 2020-2034
Figure 24: Spain Pumped Hydro Storage Market (in US$ Million), 2020-2034
Figure 25: Russia Pumped Hydro Storage Market (in US$ Million), 2020-2034
Figure 26: Netherlands Pumped Hydro Storage Market (in US$ Million), 2020-2034
Figure 27: North America Pumped Hydro Storage Market (in US$ Million), 2020-2024
Figure 28: North America Pumped Hydro Storage Market (in US$ Million), 2025-2034
Figure 29: North America Pumped Hydro Storage Market by Country (in %), 2024 & 2034
Figure 30: United States Pumped Hydro Storage Market (in US$ Million), 2020-2034
Figure 31: Canada Pumped Hydro Storage Market (in US$ Million), 2020-2034
Figure 32: Asia Pacific Pumped Hydro Storage Market (in US$ Million), 2020-2024
Figure 33: Asia Pacific Pumped Hydro Storage Market (in US$ Million), 2025-2034
Figure 34: Asia Pacific Pumped Hydro Storage Market by Country (in %), 2024 & 2034
Figure 35: China Pumped Hydro Storage Market (in US$ Million), 2020-2034
Figure 36: Japan Pumped Hydro Storage Market (in US$ Million), 2020-2034
Figure 37: India Pumped Hydro Storage Market (in US$ Million), 2020-2034
Figure 38: South Korea Pumped Hydro Storage Market (in US$ Million), 2020-2034
Figure 39: Australia Pumped Hydro Storage Market (in US$ Million), 2020-2034
Figure 40: Indonesia Pumped Hydro Storage Market (in US$ Million), 2020-2034
Figure 41: Latin America Pumped Hydro Storage Market (in US$ Million), 2020-2024
Figure 42: Latin America Pumped Hydro Storage Market (in US$ Million), 2025-2034
Figure 43: Latin America Pumped Hydro Storage Market by Country (in %), 2024 & 2034
Figure 44: Mexico Pumped Hydro Storage Market (in US$ Million), 2020-2034
Figure 45: Brazil Pumped Hydro Storage Market (in US$ Million), 2020-2034
Figure 46: Argentina Pumped Hydro Storage Market (in US$ Million), 2020-2034
Figure 47: Middle East & Africa Pumped Hydro Storage Market (in US$ Million), 2020-2024
Figure 48: Middle East & Africa Pumped Hydro Storage Market (in US$ Million), 2025-2034
Figure 49: Middle East & Africa Pumped Hydro Storage Market by Country (in %), 2024 & 2034
Figure 50: Saudi Arabia Pumped Hydro Storage Market (in US$ Million), 2020-2034
Figure 51: Turkey Pumped Hydro Storage Market (in US$ Million), 2020-2034
Figure 52: Iran Pumped Hydro Storage Market (in US$ Million), 2020-2034
Figure 53: UAE Pumped Hydro Storage Market (in US$ Million), 2020-2034
Figure 54: Market Value Chain
List of Tables
Table 1: Global Pumped Hydro Storage Market Portraiture
Table 2: Global Pumped Hydro Storage Market by System (in US$ Million), 2024 & 2034
Table 3: Global Pumped Hydro Storage Market by Source (in US$ Million), 2024 & 2034
Table 4: Global Pumped Hydro Storage Market by Region (in US$ Million), 2024 & 2034
Table 5: Europe Pumped Hydro Storage Market by Country (in US$ Million), 2024 & 2034
Table 6: North America Pumped Hydro Storage Market by Country (in US$ Million), 2024 & 2034
Table 7: Asia Pacific Pumped Hydro Storage Market by Country (in US$ Million), 2024 & 2034
Table 8: Latin America Pumped Hydro Storage Market by Country (in US$ Million), 2024 & 2034
Table 9: Middle East & Africa Pumped Hydro Storage Market by Country (in US$ Million),
2024 & 2034
Table 10: List of Key Players

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