Pumped Hydro Storage Market Is Expected to Be the Fastest-Growing Segment in 2023

Pumped Hydro Storage Market helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments


Pune, India -- (SBWIRE) -- 08/16/2018 -- Worldwide hydropower development grew steadily, with an estimated 22.448 GW of new capacity added. This includes 1.8 GW of pumped hydro storage (PHS), thereby bringing the world's total installed hydro capacity to 1,270 GW. With countries across the globe focusing on energy storage, pumped hydro storage has become the most sought after energy storage solution. Moreover, pumped hydro storage is now the only energy storage solution feasible to be deployed at a very large scale. Global initiatives towards harnessing renewable energy, supportive government policies and an increasing trend towards energy storage are expected to drive the market.

Data integration and capabilities are analyzed to support the findings and study the predicted geographical segmentations. Various key variables and regression models were considered to calculate the trajectory of Pumped Hydro Storage market. Detailed analysis is explained and given importance to with best working models.

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Top key Vendors:
Duke Energy Corp., E·ON SE, Chubu Electric Power Company Inc., Electric Power Development Co., Ltd., Électricité de France SA (EDF), Enel SpA, Energia de Portugal SA, Iberdrola SA, Korea Electric Power Corp. (KEPCO), Tokyo Electric Power Company Holdings(TEPCO), Mitsubishi Electric Corporation, Hitachi Ltd., Toshiba Corp., Sulzer AG, Voith GmbH & Co., Alstom SA, Dongfang Electrical Machinery Ltd, Andritz Hydro GmbH, Siemens AG, Doosan Corp., General Electric Co

PHS is a very versatile technology capable of providing valuable benefits from intra-hour through multiple-day time periods. PHS stores energy by using electricity to pump water from a lower reservoir to an upper reservoir and recovering the energy by allowing the water to flow back through turbines to produce power. PHS's low O&M, long life (approx. 50 years), and lack of cycling degradation sets it apart from other energy storage technologies such as batteries, flywheel, compressed air energy, thermal energy storage and several others. Hence, these advantages is likely to help the PHS market to maintain a decent growth during forecast period.

The ongoing market trends of Pumped Hydro Storage market and the key factors impacting the growth prospects are elucidated. With increase in the trend, the factors affecting the trend are mentioned with perfect reasons. Top manufactures, price, revenue, market share are explained to give a depth of idea on the competitive side.

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Table Of Content:

Chapter 1 Industry Overview of Pumped Hydro Storage

Chapter 2 Manufacturing Cost Structure Analysis of Pumped Hydro Storage

Chapter 3 Technical Data and Manufacturing Plants Analysis of Pumped Hydro Storage

Chapter 4 Global Pumped Hydro Storage Overall Market Overview

Chapter 5 Pumped Hydro Storage Regional Market Analysis

Chapter 6 Major Manufacturers Analysis of Pumped Hydro Storage

Chapter 7 Development Trend of Analysis of Pumped Hydro Storage Market

Chapter 8 Pumped Hydro Storage Marketing Type Analysis

Chapter 9 Conclusion of the Global Pumped Hydro Storage Market Professional Survey Report 2018

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