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Global Pumped Hydro Storage Market Research Report: Forecast (2023-2028)

By Type (Open-Loop, Closed-Loop), By Region (North America, South America, Europe, The Middle East & Africa, Asia-Pacific), By Company (ANDRITZ HYDRO GmbH, Voith GmbH & Co. KGaA, Siemens, GE Renewable... ... iemens, GE Renewable Energy, ABB Ltd., Alstom Hydro France, Mitsubishi Electric Corporation, Toshiba Corporation, Hyundai Heavy Industries Co., Ltd., Hitachi Energy, J-Power, Dongfang Electric Corporation, Harbin Electric Company Limited, Obermeyer Hydro, Inc., Others) Read more

Energy
May 2023
Pages 189
Report Format: PDF, Excel, PPT

Market Definition

Pumped storage hydropower (PSH) is a method of storing hydroelectric energy. It is a design of two differing elevation water reservoirs that may create electricity when water flows down from one to the other (discharge) and via a turbine. Further, power is also required when the machine pumps water back into the top reservoir (recharge). This hydropower functions similarly to a massive battery that can store energy & then release it when required.

Market Insights & Analysis: Global Pumped Hydro Storage Market (2023-28)

The Global Pumped Hydro Storage market is projected to grow at a CAGR of around 6.27% during the forecast period, i.e., 2023-28. The market growth imputes to the rising environmental concerns, increasing demand for reliable & sustainable energy storage solutions, affordability for large-scale energy storage, and much longer technical lifetime, an average of around 75-100 years. Along with this, the integration of renewable energy sources into the electricity grid can lead to fluctuations in supply & demand, which can cause instability in the grid. They can help stabilize the grid by storing excess energy during times of low demand & releasing it during high demand.

Many governments around the world are implementing policies & incentives to encourage the growth of renewable energy & energy storage. These policies can include subsidies, tax credits, and renewable energy targets. As renewable energy continues to grow & become more integrated into the grid, the demand for pumped hydro storage is expected to enhance.

Report Coverage	Details
Study Period	Historical Data: 2018-21
	Base Year: 2022
	Forecast Period: 2023-28
CAGR (2023-2028)	6.27%
Regions Covered	North America: US, Canada, Mexico
	Europe: The UK, Norway, Germany, Spain, Rest of Europe
	Asia-Pacific: China, Japan, India, Indonesia, Rest of Asia-Pacific
	South America: Brazil, Argentina, Rest of South America
	Middle East & Africa: Turkey, South Africa, Rest of the Middle East & Africa
Key Companies Profiled	ANDRITZ HYDRO GmbH, Voith GmbH & Co. KGaA, Siemens, GE Renewable Energy, ABB Ltd., Alstom Hydro France, Mitsubishi Electric Corporation, Toshiba Corporation, Hyundai Heavy Industries Co., Ltd., Hitachi Energy, J-Power, Dongfang Electric Corporation, Harbin Electric Company Limited, Obermeyer Hydro, Inc., Others
Unit Denominations	USD Million/Billion

In addition, the demand for sustainable energy is rising quickly in the manufacturing industry as the number of e-vehicle production elevates year-on-year & also governments from all over the world, like India, China, the UK, and the US, are implementing regulations to reduce carbon emissions to achieve net zero coalition has led to a surge in demand for this method. For instance, according to International Energy Agency (IEA), China continued to be the top producer of EVs, accounting for nearly 41% of global EV production in 2021, with around 1.33 million units produced.

Moreover, technological advancement has made this system more efficient & cost-effective. For instance, improvements in turbine design & control systems have raised the efficiency of these systems, while new materials & manufacturing techniques have reduced the cost of construction. Further, escalating the market growth in the coming years.

Global Pumped Hydro Storage Market Research Report (2023-2028) - Table of Contents

Market Segmentation
Introduction
1. Product Definition
2. Research Process
3. Assumptions
Executive Summary
Global Energy Storage Infrastructure Outlook, 2022
Global Hydropower Industry Outlook, 2022
1. Installed Capacity by Region
2. Year on Year Capacity Growth, 2018-2022
3. Key Developments, By Region
  1. By Government Initiatives
  2. By Investment
Global Pumped Hydro Storage Market Regulations & Policies
Global Pumped Hydro Storage Market Trends & Insights
Global Pumped Hydro Storage Market Dynamics
1. Growth Drivers
2. Challenges
Global Pumped Hydro Storage Market Hotspot & Opportunities
Global Pumped Hydro Storage Market Outlook, 2018- 2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. Installed Capacity in GWh
2. Market Share & Analysis
  1. By Type
    1. Open-Loop
    2. Closed-Loop
  2. By Region
    1. North America
    2. South America
    3. Europe
    4. The Middle East & Africa
    5. Asia-Pacific
  3. By Company
    1. Competition Characteristics
    2. Revenue Shares
North America Pumped Hydro Storage Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. Installed Capacity in GWh
2. Market Share & Analysis
  1. By Type
  2. By Country
    1. The US
    2. Canada
    3. Mexico
3. The US Pumped Hydro Storage Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. Installed Capacity in GWh
  2. Market Share & Analysis
    1. By Type
4. Canada Pumped Hydro Storage Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. Installed Capacity in GWh
  2. Market Share & Analysis
    1. By Type
5. The Mexico Pumped Hydro Storage Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. Installed Capacity in GWh
  2. Market Share & Analysis
    1. By Type
South America Pumped Hydro Storage Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. Installed Capacity in GWh
2. Market Share & Analysis
  1. By Type
  2. By Country
    1. Brazil
    2. Argentina
    3. Rest of South America
3. Brazil Pumped Hydro Storage Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. Installed Capacity in GWh
  2. Market Share & Analysis
    1. By Type
4. Argentina Pumped Hydro Storage Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. Installed Capacity in GWh
  2. Market Share & Analysis
    1. By Type
Europe Pumped Hydro Storage Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. Installed Capacity in GWh
2. Market Share & Analysis
  1. By Type
  2. By Country
    1. The UK
    2. Norway
    3. Germany
    4. Spain
    5. Rest of Europe
3. The UK Pumped Hydro Storage Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. Installed Capacity in GWh
  2. Market Share & Analysis
    1. By Type
4. Norway Pumped Hydro Storage Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. Installed Capacity in GWh
  2. Market Share & Analysis
    1. By Type
5. Germany Pumped Hydro Storage Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. Installed Capacity in GWh
  2. Market Share & Analysis
    1. By Type
6. Spain Pumped Hydro Storage Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. Installed Capacity in GWh
  2. Market Share & Analysis
    1. By Type
The Middle East & Africa Pumped Hydro Storage Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. Installed Capacity in GWh
2. Market Share & Analysis
  1. By Type
  2. By Country
    1. Turkey
    2. South Africa
    3. Rest of the Middle East & Africa
3. Turkey Pumped Hydro Storage Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. Installed Capacity in GWh
  2. Market Share & Analysis
    1. By Type
4. South Africa Pumped Hydro Storage Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. Installed Capacity in GWh
  2. Market Share & Analysis
    1. By Type
Asia-Pacific Pumped Hydro Storage Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. Installed Capacity in GWh
2. Market Share & Analysis
  1. By Type
  2. By Country
    1. China
    2. Japan
    3. India
    4. Indonesia
    5. Rest of Asia-Pacific
3. China Pumped Hydro Storage Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. Installed Capacity in GWh
  2. Market Share & Analysis
    1. By Type
4. Japan Pumped Hydro Storage Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. Installed Capacity in GWh
  2. Market Share & Analysis
    1. By Type
5. India Pumped Hydro Storage Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. Installed Capacity in GWh
  2. Market Share & Analysis
    1. By Type
6. Indonesia Pumped Hydro Storage Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. Installed Capacity in GWh
  2. Market Share & Analysis
    1. By Type
Competition Outlook
1. Competition Matrix
  1. Product Portfolio
  2. Target Markets
  3. Research & Development
  4. Strategic Alliances
  5. Strategic Initiatives
2. Company Profiles (Business Description, Solutions Offered, Business Segments, Financials, Future Plans)
  1. ANDRITZ HYDRO GmbH
  2. Voith GmbH & Co. KGaA
  3. Siemens
  4. GE Renewable Energy
  5. ABB Ltd.
  6. Alstom Hydro France
  7. Mitsubishi Electric Corporation
  8. Toshiba Corporation
  9. Hyundai Heavy Industries Co., Ltd.
  10. Hitachi Energy
  11. J-Power
  12. Dongfang Electric Corporation
  13. Harbin Electric Company Limited
  14. Obermeyer Hydro, Inc.
  15. Others
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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