Pumped Hydro Storage Market, By Type (Open Loop, Closed Loop), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Description

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:
- Open Loop
- Closed Loop
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

Product Code: CMI5307

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
- Drivers
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
- Duke Energy Corporation
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Future Plans
- EON SE.
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Future Plans
- Enel SPA
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
- Iberdrola SA
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Future Plans
- General Electric Company
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Future Plans
- Siemens AG
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Future Plans
- Andritz AG
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
- Voith GmbH & Co. KGaA
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Future Plans
- Ansaldo Energia SpA
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Future Plans

8. Section

References
Research Methodology
About us and Sales Contact