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City of Industry, CA -- (SBWIRE) -- 08/08/2018 -- This report presents the worldwide Hydro-Pumped Storage Plants market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Hydro-pumped Storage is an altered use of conventional hydropower technology to store and manage energy. Hydro pumped storage projects store electricity by circulating water between an upper and lower reservoir. The electric energy is converted to potential energy and stored in the form of water at an upper elevation. Pumping the water uphill for temporary storage recharges the battery and during periods of high electricity demand the stored water is released back through the turbines and converted back to electricity like a conventional hydropower station.
The increasing demand for energy storage systems and the emergence of ancillary services are two of the primary factors that are driving the global market for hydro-pumped storage plants. It has also been noted that hydro-pumped storage is gaining traction because of the increased importance of grid stability, along with the need for load balancing and energy storage. Moreover, the requirement of alternative energy sources with black start capability, reactive power generation, and an ability to operate as a spinning reserve are other factors that augur well for the future of this market during the forecast period.
Conversely, the most prominent restraint on the hydro-pumped storage plants market, according to the report, is the requirement of large bodies of water wherever these plants are set up. Additionally, not all locations are ideal for the height variation that is required between two reservoirs for the proper functioning of hydro-pumped storage plants. However, the report finds that the requirement of height variations can be easily overcome via manmade alterations to the topography, which results in a desired size and height measurement. As the pressure mounts on electrical grids globally to cater to the ever-growing demand for energy, the demand for ancillary services is increasing.
In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Hydro-Pumped Storage Plants.
The following manufacturers are covered in this report:
ABB
Alstom
Gugler
Voith hydro
Hong Kong Pumped Storage Development Company Limited
Sulzer
Toshiba Corp
Tractebel Engineering
Hydro-Pumped Storage Plants Breakdown Data by Type
Single Reversible Pump Turbines
Separate Pump
Turbine Generators
Hydro-Pumped Storage Plants Breakdown Data by Application
Energy Balancing
Stability
Storage Capacity
Ancillary Grid Services
Hydro-Pumped Storage Plants Production by Region
United States
Europe
China
Japan
Other Regions
Other Regions
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