Pumped Hydro Storage Market Size & Share, by Type (Open-Loop, Closed-Loop), End-user (Government Agency, Grid Operators, Electricity Utilities) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 4909
  • Published Date: May 02, 2023
  • Report Format: PDF, PPT

Companies Dominating the Pumped Hydro Storage Landscape

    • Nevada Hydro Corporation
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • GE Renewable Energy
    • Siemens Energy
    • Enel SpA
    • Duke Energy Corporation
    • Voith GmbH & Co. KGaA
    • Genex Power Limited
    • Toshiba Energy System & Solutions Corporation
    • Greenko Energy
    • Eskom Holdings SOC Ltd.

Browse Key Market Insights with Data Illustration:


In The News

  • GE Renewable Energy integrated all the units at 1.2 GW Jinzhai pumped hydro storage power plant in China. The Jinzhai pumped storage plant can conserve up to 120,000 tons of coal and reduce 240,000 tons of carbon dioxide emissions per year by acting as a sustainable gigantic energy storage system.
  • Greenko Group announced the investment of RS 10,000 crore to set up a pumped storage project (PSP) with a daily capacity of 11 GWh in Neemuch district, Madhya Pradesh, India.  Over 4,000 people are expected to be employed as a result of this initiative.

Author Credits:  Payel Roy, Dhruv Bhatia

  • Report ID: 4909
  • Published Date: May 02, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Rising initiatives to increase the pumped hydro storage capacity and the growing technological developments are the major factors driving the growth of the market.

The market size of Pumped Hydro Storage is anticipated to attain a CAGR of 10% over the forecast period, i.e., 2023-2035.

The major players in the market are GE Renewable Energy, Siemens Energy, Enel SpA, Duke Energy Corporation, Voith GmbH & Co. KGaA, Genex Power Limited, Toshiba Energy System & Solutions Corporation, Greenko Energy, Eskom Holdings SOC Ltd.

The electricity utilities segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
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