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Pumped Hydroelectric Energy Storage (PHES) Trends and Forecast
The future of the global pumped hydroelectric energy storage (PHES) market looks promising with opportunities in the construction, wind energy, and electrical & electronic markets. The global pumped hydroelectric energy storage (PHES) market is expected to grow with a CAGR of 6.3% from 2024 to 2030. The major drivers for this market are increasing penetration of renewable energy sources, rising need for enhanced global energy storage industry, and developments in pump and turbine technology.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Pumped Hydroelectric Energy Storage (PHES) by Segment
The study includes a forecast for the global pumped hydroelectric energy storage (PHES) by source, application, end use, and region.
Pumped Hydroelectric Energy Storage (PHES) Market by Source [Shipment Analysis by Value from 2018 to 2030]:
• Natural Reservoirs
• Man-Made Reservoirs
Pumped Hydroelectric Energy Storage (PHES) Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Energy Management
• Frequency Control
• Provision Of Reserve
• Others
Pumped Hydroelectric Energy Storage (PHES) Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Construction
• Wind Energy
• Electrical & Electronics
• Others
Pumped Hydroelectric Energy Storage (PHES) Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Pumped Hydroelectric Energy Storage (PHES) Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies pumped hydroelectric energy storage (PHES) companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the pumped hydroelectric energy storage (PHES) companies profiled in this report include-
• General Electric
• Siemens
• Andritz
• Mitsubishi Heavy Industrie
• EON SE
• Powerchina
• Hitachi
Pumped Hydroelectric Energy Storage (PHES) Market Insights
Lucintel forecasts that natural reservoir is expected to witness higher growth over the forecast period due to its lower construction costs and minimal environmental impact.
Within this market, electrical & electronic will remain the highest growing segment due to increasing application in microgrids and off-grid systems.
APAC is expected to witness highest growth over the forecast period due to strong investment in renewable energy and rapidly developing economies in the region.
Features of the Global Pumped Hydroelectric Energy Storage (PHES) Market
Market Size Estimates: Pumped hydroelectric energy storage (PHES) market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Pumped hydroelectric energy storage (PHES) market size by source, application, end use, and region in terms of value ($B).
Regional Analysis: Pumped hydroelectric energy storage (PHES) market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different sources, applications, end uses, and regions for the pumped hydroelectric energy storage (PHES) market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the pumped hydroelectric energy storage (PHES) market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for pumped hydroelectric energy storage (PHES) market?
Answer: The global pumped hydroelectric energy storage (PHES) market is expected to grow with a CAGR of 6.3% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the pumped hydroelectric energy storage (PHES) market?
Answer: The major drivers for this market are increasing penetration of renewable energy sources, rising need for enhanced global energy storage industry, and developments in pump and turbine technology.
Q3. What are the major segments for pumped hydroelectric energy storage (PHES) market?
Answer: The future of the pumped hydroelectric energy storage (PHES) market looks promising with opportunities in the construction, wind energy, and electrical & electronic markets.
Q4. Who are the key pumped hydroelectric energy storage (PHES) market companies?
Answer: Some of the key pumped hydroelectric energy storage (PHES) companies are as follows:
• General Electric
• Siemens
• Andritz
• Mitsubishi Heavy Industrie
• EON SE
• Powerchina
• Hitachi
Q5. Which pumped hydroelectric energy storage (PHES) market segment will be the largest in future?
Answer: Lucintel forecasts that natural reservoir is expected to witness higher growth over the forecast period due to its lower construction costs and minimal environmental impact.
Q6. In pumped hydroelectric energy storage (PHES) market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to strong investment in renewable energy and rapidly developing economies in the region.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the pumped hydroelectric energy storage (PHES) market by source (natural reservoirs and man-made reservoirs), application (energy management, frequency control, provision of reserve, and others), end use (construction, wind energy, electrical & electronics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Pumped Hydroelectric Energy Storage Market, Pumped Hydroelectric Energy Storage Market Size, Pumped Hydroelectric Energy Storage Market Growth, Pumped Hydroelectric Energy Storage Market Analysis, Pumped Hydroelectric Energy Storage Market Report, Pumped Hydroelectric Energy Storage Market Share, Pumped Hydroelectric Energy Storage Market Trends, Pumped Hydroelectric Energy Storage Market Forecast, Pumped Hydroelectric Energy Storage Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Pumped Hydroelectric Energy Storage (PHES) Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Pumped Hydroelectric Energy Storage (PHES) Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Pumped Hydroelectric Energy Storage (PHES) Market by Source
3.3.1: Natural Reservoirs
3.3.2: Man-Made Reservoirs
3.4: Global Pumped Hydroelectric Energy Storage (PHES) Market by Application
3.4.1: Energy Management
3.4.2: Frequency Control
3.4.3: Provision Of Reserve
3.4.4: Others
3.5: Global Pumped Hydroelectric Energy Storage (PHES) Market by End Use
3.5.1: Construction
3.5.2: Wind Energy
3.5.3: Electrical & Electronics
3.5.4: Others
3.6: Global Pumped Hydroelectric Energy Storage (PHES) Market by
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Pumped Hydroelectric Energy Storage (PHES) Market by Region
4.2: North American Pumped Hydroelectric Energy Storage (PHES) Market
4.2.2: North American Pumped Hydroelectric Energy Storage (PHES) Market by End Use: Construction, Wind Energy, Electrical & Electronics, and Others
4.3: European Pumped Hydroelectric Energy Storage (PHES) Market
4.3.1: European Pumped Hydroelectric Energy Storage (PHES) Market by Source: Natural Reservoirs and Man-Made Reservoirs
4.3.2: European Pumped Hydroelectric Energy Storage (PHES) Market by End Use: Construction, Wind Energy, Electrical & Electronics, and Others
4.4: APAC Pumped Hydroelectric Energy Storage (PHES) Market
4.4.1: APAC Pumped Hydroelectric Energy Storage (PHES) Market by Source: Natural Reservoirs and Man-Made Reservoirs
4.4.2: APAC Pumped Hydroelectric Energy Storage (PHES) Market by End Use: Construction, Wind Energy, Electrical & Electronics, and Others
4.5: ROW Pumped Hydroelectric Energy Storage (PHES) Market
4.5.1: ROW Pumped Hydroelectric Energy Storage (PHES) Market by Source: Natural Reservoirs and Man-Made Reservoirs
4.5.2: ROW Pumped Hydroelectric Energy Storage (PHES) Market by End Use: Construction, Wind Energy, Electrical & Electronics, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Pumped Hydroelectric Energy Storage (PHES) Market by Source
6.1.2: Growth Opportunities for the Global Pumped Hydroelectric Energy Storage (PHES) Market by Application
6.1.3: Growth Opportunities for the Global Pumped Hydroelectric Energy Storage (PHES) Market by End Use
6.1.4: Growth Opportunities for the Global Pumped Hydroelectric Energy Storage (PHES) Market by Region
6.2: Emerging Trends in the Global Pumped Hydroelectric Energy Storage (PHES) Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Pumped Hydroelectric Energy Storage (PHES) Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Pumped Hydroelectric Energy Storage (PHES) Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: General Electric
7.2: Siemens
7.3: Andritz
7.4: Mitsubishi Heavy Industrie
7.5: EON SE
7.6: PowerChina
7.7: Hitachi
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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