Pumped-Storage Hydroelectricity Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2022 - 2032

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Pumped-Storage Hydroelectricity Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2022 - 2032

Status : October, 2022 | Energy & Mining

Report Digest


Pumped-Storage Hydroelectricity Market: Overview

The pumped-storage hydroelectricity market is anticipated to grow at a CAGR of 10% and is likely to cross the cumulative installation around 300 GW in the forthcoming years from 2022 to 2032. Increasing efforts by the government toward the expansion of grid infrastructure are estimated to bolster growth opportunities in the pumped-storage hydroelectricity market in the foreseeable years. 

Strict regulatory reforms in order to reduce the emission of carbon are predicted to drive growth avenues in the market. Constant efforts for capacity expansion in order to meet the rising demand for power are expected to bolster sales opportunities in the pumped-storage hydroelectricity market.

Pumped-Storage Hydroelectricity Market: Key Trends

Rapid integration of renewable sources along with associated long-term benefits is projected to augment the interest towards increased adoption of PHS technology. In addition to this, high storage capacity, flexibility in power output, and ability to serve with low operational costs are likely to serve as pivotal factors to drive demand opportunities in the pumped-storage hydroelectricity market. Expansion of sustainable energy and an upsurge in the investments for capacity expansion is also predicted to increase the deployment of industry solutions.

On the flip side, the high initial investments have been projected to restrict expansion opportunities in the pumped-storage hydroelectricity market.

Pumped-Storage Hydroelectricity Market: Competitive Dynamics and Key Developments

The players operating in the pumped-storage hydroelectricity market are incorporating numerous strategies, for instance, portfolio expansion, collaborations, novel product launches, agreements, partnerships, acquisitions & mergers, and many more to propel novel growth opportunities in the forthcoming years.

The key players serving in the pumped-storage hydroelectricity market include:

  • Schluchseewerk AG
  • Eskom Holdings SOC Ltd.
  • Sinohydro Corporation
  • Genex Power Limited
  • EDF
  • J-POWER
  • Voith GmbH & Co.
  • General Electric
  • Northland Power, Inc.
  • KGaA
  • Nevada Hydro Corporation

Pumped-Storage Hydroelectricity Market: Regional Assessment

Asia Pacific, Europe, and North America are the key regions that are analyzed in the research report on the pumped-storage hydroelectricity market. Of these, Asia Pacific is estimated to grow at a noteworthy speed owing to the increasing installation of industry solutions. Favorable government initiatives to deploy sustainable electrical networks are expected to bolster growth opportunities in the pumped-storage hydroelectricity market. Moreover, increasing concerns related to the security of power supply along with the ongoing integration of PHS systems for power quality are anticipated to enhance growth opportunities in the pumped-storage hydroelectricity market in the near future.

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5-Point Growth Formula

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The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

Frequently Asked Questions

Increasing efforts by the government to expand grid infrastructure to drive growth avenues in the pumped-storage hydroelectricity market.
Asia Pacific, Europe, and North America
Constant efforts for capacity expansion in order to meet the growing demand for power are projected to create novel growth avenues in the market.
The high storage capacity, ability to serve with low operational costs, and flexibility in power output are expected to attract trends in the market.
The high initial investments is estimated to restrict growth avenues in the market.