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Pumped Hydro Storage Market: Current Analysis and Forecast (2022-2028)

Publisher UnivDatos Market Insights
Published Feb 01, 2023
Length 124 Pages
SKU # Univ17823816

Description

Pumped Hydro Storage Market: Current Analysis and Forecast (2022-2028)

Pumped storage hydropower (PSH) is a type of hydroelectric energy storage. It is a configuration of two water reservoirs at different elevations that can generate power as water moves down from one to the other (discharge), passing through a turbine. According to the U.S. Energy Information Administration (USEIA) more than 97% of all installed capacity of energy storage, is provided by pumped storage hydropower, with thermal storage, batteries, and other storage technologies making up the remaining mix of grid managing solutions.

Moreover, factors such as the growing need for reliable and clean energy sources coupled with the perks of hydrogen energy storage like high reliable power generation & reduced carbon emissions will boost market growth over the forecast period. In addition, the integration of variable renewable energy sources and ensuring grid stability coupled with increasing government targets to phase out fossil fuels is likely to aid the market’s growth during the forecast period.
  • Based on the system, the pumped hydro storage market is segmented into open loop, closed loop, and innovative. The closed-loop segment caters substantial share of the market. Closed-loop pumped hydro storage provides high flexibility, reliability, and high-power output. Since the closed-loop pumped-hydro systems are not connected to existing river systems, their impact on the environment is less compared to open-loop pumped hydro storage systems. Moreover, closed-loop can easily position where support to the grid is required and therefore do not need to be positioned near an existing river.
  • For a better understanding of the market adoption of the pumped hydro storage market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, and the Rest of North America), Europe (Germany, U.K., France, Spain, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. Asia Pacific is anticipated to grow at a substantial CAGR during the forecast period. This is mainly attributed to the continued disinvestment in fossil fuels in the region has led to the development of renewable energy, hydropower, and pumped hydro storage facilities in China, Japan, and other Asian Countries.
  • Some of the major players operating in the market include Sinohydro Corporation, General Electric, Northland Power, Inc., Eskom Holdings SOC Ltd, Nevada Hydro Corporation, Enel Spa, Greenko Energy, Tata Power, Toshiba Energy System & Solutions Corporation, and Absaroka Energy.

Table of Contents

124 Pages
1 MARKET INTRODUCTION
1.1. Market Definitions
1.2. Main Objective
1.3. Stakeholders
1.4. Limitation
2 RESEARCH METHODOLOGY OR ASSUMPTION
2.1. Research Process of the Pumped Hydro Storage Market
2.2. Research Methodology of the Pumped Hydro Storage Market
2.3. Respondent Profile
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 IMPACT OF COVID-19 ON PUMPED HYDRO STORAGE MARKET
6 Pumped HYDRO STORAGE MARKET REVENUE (USD BN), 2020-2028F
7 MARKET INSIGHTS BY SYSTEM
7.1. Open Loop
7.2. Closed Loop
7.3. Innovative
8 MARKET INSIGHTS BY REGION
8.1. North America
8.1.1. U.S.
8.1.2. Canada
8.1.3. Rest of North America
8.2. Europe
8.2.1. Germany
8.2.2. U.K.
8.2.3. France
8.2.4. Italy
8.2.5. Spain
8.2.6. Rest of Europe
8.3. Asia-Pacific
8.3.1. China
8.3.2. Japan
8.3.3. India
8.3.4. Rest of Asia-Pacific
8.4. Rest of the World
9 PUMPED HYDRO STORAGE MARKET DYNAMICS
9.1. Market Drivers
9.2. Market Challenges
9.3. Impact Analysis
10 PUMPED HYDRO STORAGE MARKET OPPORTUNITIES
11 PUMPED HYDRO STORAGE MARKET TRENDS
12 DEMAND AND SUPPLY-SIDE ANALYSIS
12.1. Demand Side Analysis
12.2. Supply Side Analysis
13 VALUE CHAIN ANALYSIS
14 COMPETITIVE SCENARIO
14.1. Competitive Landscape
14.1.1. Porters Fiver Forces Analysis
15 COMPANY PROFILED
15.1. Sinohydro Corporation
15.2. General Electric
15.3. Northland Pumped, Inc.
15.4. Eskom Holdings SOC Ltd
15.5. Nevada Hydro Corporation
15.6. Enel Spa
15.7. Greenko Energy
15.8. Tata Pumped
15.9. Toshiba Energy System & Solutions Corporation
15.10. Absaroka Energy
16 DISCLAIMER

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