Pumped hydro storage is a kind of hydroelectric energy storage used by electric power systems for load balancing. The increasing adoption of renewable energy solutions is one of the major factors supporting the growth of the pumped hydro storage market. The growing demand for sustainable energy mix is creating opportunities for the companies operating in the market to achieve a strong market position. Also, the pumped hydro storage market has the presence of some of the well-established players operating in the pumped hydro storage market.
MARKET DYNAMICS
Increasing demand for energy storage, stringent government regulations against emissions, and Upsurge in electricity demand are the major factors supporting the growth of the pumped hydro storage market. However, high capital costs might hinder the growth of the pumped hydro storage market. The pumped hydro storage market is expected to grow at a high CAGR in APAC owing to the increasing awareness regarding the renewable energy sources and supporting government regulations.
MARKET SCOPE
The "Global Pumped Hydro Storage Market Analysis to 2031" is a specialized and in-depth study of the pumped hydro storage market with a special focus on the global market trend analysis. The report aims to provide an overview of pumped hydro storage market with detailed market segmentation by system, application, and geography. The global pumped hydro storage market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading pumped hydro storage market players and offers key trends and opportunities in the pumped hydro storage market.
MARKET SEGMENTATION
The global pumped hydro storage market is segmented on the basis of system and application. Based on system, the market is segmented as open loop, closed loop, and innovative. On the application the market is segmented as natural reservoirs and man-made reservoirs.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global pumped hydro storage market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The pumped hydro storage market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting pumped hydro storage market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors affecting the pumped hydro storage market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global pumped hydro storage market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The pumped hydro storage market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting pumped hydro storage market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors affecting the pumped hydro storage market in these regions.
MARKET PLAYERS
The reports cover key developments in the pumped hydro storage market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from pumped hydro storage market are anticipated to lucrative growth opportunities in the future with the rising demand for pumped hydro storage market. Below mentioned is the list of few companies engaged in the pumped hydro storage market.
The report also includes the profiles of key pumped hydro storage market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- ABSAROKA ENERGY LLC
- Duke Energy Corporation.
- Enel Spa
- GENERAL ELECTRIC
- Genex Power
- J-POWER
- RWE AG
- Siemens Energy
- Toshiba Energy Systems & Solutions Corporation
- Voith GmbH & Co. KGaA
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Pumped Hydro Storage Market - By System
1.3.2 Pumped Hydro Storage Market - By Application
1.3.3 Pumped Hydro Storage Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. PUMPED HYDRO STORAGE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. PUMPED HYDRO STORAGE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. PUMPED HYDRO STORAGE MARKET - GLOBAL MARKET ANALYSIS
6.1. PUMPED HYDRO STORAGE - GLOBAL MARKET OVERVIEW
6.2. PUMPED HYDRO STORAGE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. PUMPED HYDRO STORAGE MARKET - REVENUE AND FORECASTS TO 2028 - SYSTEM
7.1. OVERVIEW
7.2. SYSTEM MARKET FORECASTS AND ANALYSIS
7.3. OPEN LOOP
7.3.1. Overview
7.3.2. Open Loop Market Forecast and Analysis
7.4. CLOSED LOOP
7.4.1. Overview
7.4.2. Closed Loop Market Forecast and Analysis
7.5. INNOVATIVE
7.5.1. Overview
7.5.2. Innovative Market Forecast and Analysis
8. PUMPED HYDRO STORAGE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. NATURAL RESERVOIRS
8.3.1. Overview
8.3.2. Natural Reservoirs Market Forecast and Analysis
8.4. MAN-MADE RESERVOIRS
8.4.1. Overview
8.4.2. Man-made Reservoirs Market Forecast and Analysis
9. PUMPED HYDRO STORAGE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Pumped Hydro Storage Market Overview
9.1.2 North America Pumped Hydro Storage Market Forecasts and Analysis
9.1.3 North America Pumped Hydro Storage Market Forecasts and Analysis - By System
9.1.4 North America Pumped Hydro Storage Market Forecasts and Analysis - By Application
9.1.5 North America Pumped Hydro Storage Market Forecasts and Analysis - By Countries
9.1.5.1 United States Pumped Hydro Storage Market
9.1.5.1.1 United States Pumped Hydro Storage Market by System
9.1.5.1.2 United States Pumped Hydro Storage Market by Application
9.1.5.2 Canada Pumped Hydro Storage Market
9.1.5.2.1 Canada Pumped Hydro Storage Market by System
9.1.5.2.2 Canada Pumped Hydro Storage Market by Application
9.1.5.3 Mexico Pumped Hydro Storage Market
9.1.5.3.1 Mexico Pumped Hydro Storage Market by System
9.1.5.3.2 Mexico Pumped Hydro Storage Market by Application
9.2. EUROPE
9.2.1 Europe Pumped Hydro Storage Market Overview
9.2.2 Europe Pumped Hydro Storage Market Forecasts and Analysis
9.2.3 Europe Pumped Hydro Storage Market Forecasts and Analysis - By System
9.2.4 Europe Pumped Hydro Storage Market Forecasts and Analysis - By Application
9.2.5 Europe Pumped Hydro Storage Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Pumped Hydro Storage Market
9.2.5.1.1 Germany Pumped Hydro Storage Market by System
9.2.5.1.2 Germany Pumped Hydro Storage Market by Application
9.2.5.2 France Pumped Hydro Storage Market
9.2.5.2.1 France Pumped Hydro Storage Market by System
9.2.5.2.2 France Pumped Hydro Storage Market by Application
9.2.5.3 Italy Pumped Hydro Storage Market
9.2.5.3.1 Italy Pumped Hydro Storage Market by System
9.2.5.3.2 Italy Pumped Hydro Storage Market by Application
9.2.5.4 United Kingdom Pumped Hydro Storage Market
9.2.5.4.1 United Kingdom Pumped Hydro Storage Market by System
9.2.5.4.2 United Kingdom Pumped Hydro Storage Market by Application
9.2.5.5 Russia Pumped Hydro Storage Market
9.2.5.5.1 Russia Pumped Hydro Storage Market by System
9.2.5.5.2 Russia Pumped Hydro Storage Market by Application
9.2.5.6 Rest of Europe Pumped Hydro Storage Market
9.2.5.6.1 Rest of Europe Pumped Hydro Storage Market by System
9.2.5.6.2 Rest of Europe Pumped Hydro Storage Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Pumped Hydro Storage Market Overview
9.3.2 Asia-Pacific Pumped Hydro Storage Market Forecasts and Analysis
9.3.3 Asia-Pacific Pumped Hydro Storage Market Forecasts and Analysis - By System
9.3.4 Asia-Pacific Pumped Hydro Storage Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Pumped Hydro Storage Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Pumped Hydro Storage Market
9.3.5.1.1 Australia Pumped Hydro Storage Market by System
9.3.5.1.2 Australia Pumped Hydro Storage Market by Application
9.3.5.2 China Pumped Hydro Storage Market
9.3.5.2.1 China Pumped Hydro Storage Market by System
9.3.5.2.2 China Pumped Hydro Storage Market by Application
9.3.5.3 India Pumped Hydro Storage Market
9.3.5.3.1 India Pumped Hydro Storage Market by System
9.3.5.3.2 India Pumped Hydro Storage Market by Application
9.3.5.4 Japan Pumped Hydro Storage Market
9.3.5.4.1 Japan Pumped Hydro Storage Market by System
9.3.5.4.2 Japan Pumped Hydro Storage Market by Application
9.3.5.5 South Korea Pumped Hydro Storage Market
9.3.5.5.1 South Korea Pumped Hydro Storage Market by System
9.3.5.5.2 South Korea Pumped Hydro Storage Market by Application
9.3.5.6 Rest of Asia-Pacific Pumped Hydro Storage Market
9.3.5.6.1 Rest of Asia-Pacific Pumped Hydro Storage Market by System
9.3.5.6.2 Rest of Asia-Pacific Pumped Hydro Storage Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Pumped Hydro Storage Market Overview
9.4.2 Middle East and Africa Pumped Hydro Storage Market Forecasts and Analysis
9.4.3 Middle East and Africa Pumped Hydro Storage Market Forecasts and Analysis - By System
9.4.4 Middle East and Africa Pumped Hydro Storage Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Pumped Hydro Storage Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Pumped Hydro Storage Market
9.4.5.1.1 South Africa Pumped Hydro Storage Market by System
9.4.5.1.2 South Africa Pumped Hydro Storage Market by Application
9.4.5.2 Saudi Arabia Pumped Hydro Storage Market
9.4.5.2.1 Saudi Arabia Pumped Hydro Storage Market by System
9.4.5.2.2 Saudi Arabia Pumped Hydro Storage Market by Application
9.4.5.3 U.A.E Pumped Hydro Storage Market
9.4.5.3.1 U.A.E Pumped Hydro Storage Market by System
9.4.5.3.2 U.A.E Pumped Hydro Storage Market by Application
9.4.5.4 Rest of Middle East and Africa Pumped Hydro Storage Market
9.4.5.4.1 Rest of Middle East and Africa Pumped Hydro Storage Market by System
9.4.5.4.2 Rest of Middle East and Africa Pumped Hydro Storage Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Pumped Hydro Storage Market Overview
9.5.2 South and Central America Pumped Hydro Storage Market Forecasts and Analysis
9.5.3 South and Central America Pumped Hydro Storage Market Forecasts and Analysis - By System
9.5.4 South and Central America Pumped Hydro Storage Market Forecasts and Analysis - By Application
9.5.5 South and Central America Pumped Hydro Storage Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Pumped Hydro Storage Market
9.5.5.1.1 Brazil Pumped Hydro Storage Market by System
9.5.5.1.2 Brazil Pumped Hydro Storage Market by Application
9.5.5.2 Argentina Pumped Hydro Storage Market
9.5.5.2.1 Argentina Pumped Hydro Storage Market by System
9.5.5.2.2 Argentina Pumped Hydro Storage Market by Application
9.5.5.3 Rest of South and Central America Pumped Hydro Storage Market
9.5.5.3.1 Rest of South and Central America Pumped Hydro Storage Market by System
9.5.5.3.2 Rest of South and Central America Pumped Hydro Storage Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. PUMPED HYDRO STORAGE MARKET, KEY COMPANY PROFILES
11.1. ABSAROKA ENERGY LLC
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. DUKE ENERGY CORPORATION.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. ENEL SPA
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. GENERAL ELECTRIC
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. GENEX POWER
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. J POWER
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. RWE AG
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SIEMENS ENERGY
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. TOSHIBA ENERGY SYSTEMS AND SOLUTIONS CORPORATION
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. VOITH GMBH AND CO. KGAA
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. ABSAROKA ENERGY LLC
2. Duke Energy Corporation.
3. Enel Spa
4. GENERAL ELECTRIC
5. Genex Power
6. J POWER
7. RWE AG
8. Siemens Energy
9. Toshiba Energy Systems and Solutions Corporation
10. Voith GmbH and Co. KGaA
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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