Product Code: CMI5307
The Global Pumped Hydro Storage Market was valued at US$ 348.25 Bn in 2023, exhibiting a CAGR of 6.9% in terms of revenue, over the forecast period (2023 to 2030) to reach US$ 554.21 Bn by 2030.
Report Coverage |
Report Details |
Base Year: |
2022 |
Market Size in 2023: |
US$ 348.25 Bn |
Historical Data for: |
2018 to 2021 |
Forecast Period: |
2023 - 2030 |
Forecast Period 2023 to 2030 CAGR: |
6.90% |
2030 Value Projection: |
US$ 554.21 Bn |
Figure 1: Global Pumped Hydro Storage Market, By Application, 2023
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 (Research and development)activities.
On the other hand, the environmental and social impact of PHS projects is projected to hinder market growth.
Key features of the study:
This report provides an in-depth analysis of the global pumped hydro storage market, and provides market size (US$ Bn) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 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 analysing the global pumped hydro storage market
Global Pumped Hydro Storage Market Detailed Segmentation:
- By Type:
- By Region:
- U.S.
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
- Company Profiles
- Duke Energy Corporation
- EON SE
- Enel SPA
- Electricite de France SA (EDF)
- Iberdrola SA
- General Electric Company
- Siemens AG
- Andritz AG
- Mitsubishi Heavy Industries, Ltd
- Voith GmbH & Co. KGaA
- Ansaldo Energia SpA
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Type
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Supply Side Drivers
- Demand Side Drivers
- Economic Drivers
- Restraints
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Mergers and Acquisitions
- New Product Approvals/Launch
- Promotion and Marketing Initiatives
- Cost Tier Down Analysis
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, 2023-2030 (US$ Billion)
- Introduction
- Market Share Analysis, 2023 and 2030
- Y-o-Y Growth Analysis, 2023-2030 (%)
- Segment Trends
- Open Loop
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Billion)
- Closed Loop
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Billion)
6. Global Pumped Hydro Storage Market, By Region, 2023-2030 (US$ Billion)
- Introduction
- Market Share Analysis, By Region, 2023 and 2030
- Y-o-Y Growth Analysis, By Region, 2023-2030 (%)
- North America
- Market Share Analysis, By Country, 2023 and 2030
- Y-o-Y Growth Analysis, By Country, 2023-2030 (%)
- U.S.
- Country Trends
- Market Size and Forecast, By Type, 2023-2030 (US$ Billion)
- Market Size and Forecast, By Type, 2023-2030 (US$ Billion)
- Canada
- Country Trends
- Market Size and Forecast, By Type, 2023-2030 (US$ Billion)
- Market Size and Forecast, By Type, 2023-2030 (US$ Billion)
- Europe
- Market Share Analysis, By Country, 2023 and 2030
- Y-o-Y Growth Analysis, By Country, 2023-2030 (%)
- U.K.
- Country Trends
- Market Size and Forecast, By Type, 2023-2030 (US$ Billion)
- Market Size and Forecast, By Type, 2023-2030 (US$ Billion)
- Germany
- Country Trends
- Market Size and Forecast, By Type, 2023-2030 (US$ Billion)
- Market Size and Forecast, By Type, 2023-2030 (US$ Billion)
- France
- Country Trends
- Market Size and Forecast, By Type, 2023-2030 (US$ Billion)
- Market Size and Forecast, By Type, 2023-2030 (US$ Billion)
- Italy
- Country Trends
- Market Size and Forecast, By Type, 2023-2030 (US$ Billion)
- Market Size and Forecast, By Type, 2023-2030 (US$ Billion)
- Spain
- Country Trends
- Market Size and Forecast, By Type, 2023-2030 (US$ Billion)
- Market Size and Forecast, By Type, 2023-2030 (US$ Billion)
- Russia
- Country Trends
- Market Size and Forecast, By Type, 2023-2030 (US$ Billion)
- Market Size and Forecast, By Type, 2023-2030 (US$ Billion)
- Rest of Europe
- Country Trends
- Market Size and Forecast, By Type, 2023-2030 (US$ Billion)
- Market Size and Forecast, By Type, 2023-2030 (US$ Billion)
- Asia Pacific
- Market Share Analysis, By Country, 2023 and 2030
- Y-o-Y Growth Analysis, By Country, 2023-2030 (%)
- China
- Country Trends
- Market Size and Forecast, By Type, 2023-2030 (US$ Billion)
- Market Size and Forecast, By Type, 2023-2030 (US$ Billion)
- India
- Country Trends
- Market Size and Forecast, By Type, 2023-2030 (US$ Billion)
- Market Size and Forecast, By Type, 2023-2030 (US$ Billion)
- Japan
- Country Trends
- Market Size and Forecast, By Type, 2023-2030 (US$ Billion)
- Market Size and Forecast, By Type, 2023-2030 (US$ Billion)
- ASEAN
- Country Trends
- Market Size and Forecast, By Type, 2023-2030 (US$ Billion)
- Market Size and Forecast, By Type, 2023-2030 (US$ Billion)
- Australia
- Country Trends
- Market Size and Forecast, By Type, 2023-2030 (US$ Billion)
- Market Size and Forecast, By Type, 2023-2030 (US$ Billion)
- South Korea
- Country Trends
- Market Size and Forecast, By Type, 2023-2030 (US$ Billion)
- Market Size and Forecast, By Type, 2023-2030 (US$ Billion)
- Rest of Asia Pacific
- Country Trends
- Market Size and Forecast, By Type, 2023-2030 (US$ Billion)
- Market Size and Forecast, By Type, 2023-2030 (US$ Billion)
- Latin America
- Market Share Analysis, By Country, 2023 and 2030
- Y-o-Y Growth Analysis, By Country, 2023-2030 (%)
- Brazil
- Country Trends
- Market Size and Forecast, By Type, 2023-2030 (US$ Billion)
- Market Size and Forecast, By Type, 2023-2030 (US$ Billion)
- Mexico
- Country Trends
- Market Size and Forecast, By Type, 2023-2030 (US$ Billion)
- Market Size and Forecast, By Type, 2023-2030 (US$ Billion)
- Argentina
- Country Trends
- Market Size and Forecast, By Type, 2023-2030 (US$ Billion)
- Market Size and Forecast, By Type, 2023-2030 (US$ Billion)
- Rest of Latin America
- Country Trends
- Market Size and Forecast, By Type, 2023-2030 (US$ Billion)
- Market Size and Forecast, By Type, 2023-2030 (US$ Billion)
- Middle East
- Market Share Analysis, By Country, 2023 and 2030
- Y-o-Y Growth Analysis, By Country, 2023-2030 (%)
- GCC
- Country Trends
- Market Size and Forecast, By Type, 2023-2030 (US$ Billion)
- Market Size and Forecast, By Type, 2023-2030 (US$ Billion)
- Israel
- Country Trends
- Market Size and Forecast, By Type, 2023-2030 (US$ Billion)
- Market Size and Forecast, By Type, 2023-2030 (US$ Billion)
- Rest of Middle East
- Country Trends
- Market Size and Forecast, By Type, 2023-2030 (US$ Billion)
- Market Size and Forecast, By Type, 2023-2030 (US$ Billion)
- Africa
- Market Share Analysis, By Sub-region, 2023 and 2030
- Y-o-Y Growth Analysis, By Sub-region, 2023-2030 (%)
- North Africa
- Sub-region Trends
- Market Size and Forecast, By Type, 2023-2030 (US$ Billion)
- Market Size and Forecast, By Type, 2023-2030 (US$ Billion)
- Central Africa
- Sub-region Trends
- Market Size and Forecast, By Type, 2023-2030 (US$ Billion)
- Market Size and Forecast, By Type, 2023-2030 (US$ Billion)
- South Africa
- Sub-region Trends
- Market Size and Forecast, By Type, 2023-2030 (US$ Billion)
- Market Size and Forecast, By Type, 2023-2030 (US$ Billion)
7. Competitive Landscape
- Heat Map Analysis
- Market Share Analysis (3x3 Matrix)
- Company Profiles
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Electricite de France SA (EDF)
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Mitsubishi Heavy Industries, Ltd
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
8. Section
- References
- Research Methodology
- About us and Sales Contact