Global Pumped Heat Electrical Storage Market Growth (Status and Outlook) 2025-2031

The global Pumped Heat Electrical Storage market size is predicted to grow from US$ million in 2025 to US$ million in 2031; it is expected to grow at a CAGR of %from 2025 to 2031.

In Pumped Heat Electrical Storage (PHES), electricity is used to drive a storage engine connected to two large thermal stores. To store electricity, the electrical energy drives a heat pump, which pumps heat from the “cold store” to the “hot store” (similar to the operation of a refrigerator).

United States market for Pumped Heat Electrical Storage is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

China market for Pumped Heat Electrical Storage is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Europe market for Pumped Heat Electrical Storage is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Global key Pumped Heat Electrical Storage players cover Steffes, Caldwell Energy Company, MAN Energy Solutions, Antora Energy, Malta, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.

LPI (LP Information)' newest research report, the “Pumped Heat Electrical Storage Industry Forecast” looks at past sales and reviews total world Pumped Heat Electrical Storage sales in 2024, providing a comprehensive analysis by region and market sector of projected Pumped Heat Electrical Storage sales for 2025 through 2031. With Pumped Heat Electrical Storage sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Pumped Heat Electrical Storage industry.

This Insight Report provides a comprehensive analysis of the global Pumped Heat Electrical Storage landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Pumped Heat Electrical Storage portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Pumped Heat Electrical Storage market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Pumped Heat Electrical Storage and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Pumped Heat Electrical Storage.

This report presents a comprehensive overview, market shares, and growth opportunities of Pumped Heat Electrical Storage market by product type, application, key players and key regions and countries.

Segmentation by Type:
Sensible Heat Storage
Latent Heat Storage
Sorption and Chemical Energy Storage

Segmentation by Application:
Solar Energy
Wind Energy
Waste Energy Storage
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Steffes
Caldwell Energy Company
MAN Energy Solutions
Antora Energy
Malta
MGA Thermal
Stash Energy
Inficold

Please note: The report will take approximately 2 business days to prepare and deliver. Show more