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The Pumped Hydro Storage Market size was estimated at USD 486.22 million in 2022, USD 535.31 million in 2023, and is expected to grow at a CAGR of 10.56% to reach USD 1,085.80 million by 2030. Speak directly to the analyst to clarify any post sales queries you may have.
Pumped storage hydropower (PSH) is a well-established energy storage technology and is widely used due to its ability to store excess electricity generated from renewable sources when demand is low and release it at peak periods when there is a greater need for power. The rising need for efficient energy storage and the significant growth of large-scale grid energy infrastructure are leading to the escalated deployment of pumped hydro storage technologies. However, the high capital costs and specific topographic requirements may lead to reduced deployment of the hydro storage technology in the grid infrastructure. Moreover, the ongoing research and introduction of innovative pumped storage hydropower technologies, along with the inclination of governments worldwide toward renewable energy generation, are creating significant potential for the deployment of pumped storage technologies in the current and future grids.
Regional Insights
The potential for pumped hydro storage varies by country and geographic region, considering factors such as topography, access to water resources, and energy demand that help determine the feasibility and potential for pumped hydro storage. Mountainous regions with significant elevation differences in the landscape are most suited for pumped hydro storage. Countries such as China, Japan, and the United States have some of the largest pumped hydro storage facilities in the world due to their mountainous terrain. Asia and the United States have some of the largest pumped hydro storage facilities in the world. China currently has the largest pumped hydro storage capacity in the world, with several large facilities such as the Fengning plant and the Ludian plant. Japan also has a significantly pumped hydro storage capacity, with facilities such as the Okutataragi plant and the Kannagawa plant. Countries with abundant water supplies and good water management practices are more likely to have the capacity for pumped hydro storage. Countries with high energy demand, those with large populations or energy-intensive industries, have a greater need for pumped hydro storage.FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Pumped Hydro Storage Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Pumped Hydro Storage Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.Key Company Profiles
The report delves into recent significant developments in the Pumped Hydro Storage Market, highlighting leading vendors and their innovative profiles. These include AGL Energy Ltd., Andritz AG, Black & Veatch Holding Company, Duke Energy Corporation, Electric Power Development Co., Ltd., Enel S.p.A., Eskom Holdings SOC Ltd., General Electric Company, Genex Power Limited, Greenko Group, Hitachi Energy, Hydro-Electric Corporation, Litostroj Power d.o.o., Nevada Hydro Corporation, Obermeyer Hydro, Inc., Schluchseewerk AG, Siemens AG, Stantec Inc., Sunshine Hydro, Tata Power Company Limited, Toshiba Corporation, and Voith GmbH & Co. KGaA.Market Segmentation & Coverage
This research report categorizes the Pumped Hydro Storage Market to forecast the revenues and analyze trends in each of the following sub-markets:- Type
- Closed-Loop
- Open-Loop
- Application
- Energy Management
- Frequency Control
- End-Use
- Decentralised Systems
- Hydroelectric Dams
- Seawater
- Underground Reservoirs
- Underwater Reservoirs
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as
- What is the market size and forecast of the Pumped Hydro Storage Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Pumped Hydro Storage Market?
- What are the technology trends and regulatory frameworks in the Pumped Hydro Storage Market?
- What is the market share of the leading vendors in the Pumped Hydro Storage Market?
- Which modes and strategic moves are suitable for entering the Pumped Hydro Storage Market?
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Table of Contents
1. Preface
2. Research Methodology
4. Market Overview
5. Market Insights
6. Pumped Hydro Storage Market, by Type
7. Pumped Hydro Storage Market, by Application
8. Pumped Hydro Storage Market, by End-Use
9. Americas Pumped Hydro Storage Market
10. Asia-Pacific Pumped Hydro Storage Market
11. Europe, Middle East & Africa Pumped Hydro Storage Market
12. Competitive Landscape
13. Competitive Portfolio
14. Appendix
List of Figures
List of Tables
Companies Mentioned
- AGL Energy Ltd.
- Andritz AG
- Black & Veatch Holding Company
- Duke Energy Corporation
- Electric Power Development Co., Ltd.
- Enel S.p.A.
- Eskom Holdings SOC Ltd.
- General Electric Company
- Genex Power Limited
- Greenko Group
- Hitachi Energy
- Hydro-Electric Corporation
- Litostroj Power d.o.o.
- Nevada Hydro Corporation
- Obermeyer Hydro, Inc.
- Schluchseewerk AG
- Siemens AG
- Stantec Inc.
- Sunshine Hydro
- Tata Power Company Limited
- Toshiba Corporation
- Voith GmbH & Co. KGaA
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 190 |
| Published | March 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 535.31 Million |
| Forecasted Market Value ( USD | $ 1085.8 Million |
| Compound Annual Growth Rate | 10.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 22 |
