What’s Driving the Pumped Hydro Storage Market Trends? | Top Key Players are Toshiba, Eskom Holdings SOC Ltd, EDF, Voith Group, Alstom Power, Enel, Northland Power Inc., Sinohydro

Pumped Hydro Storage Market growth will be driven by increasing expansion and refurbishment of ageing power plants with an aim to improve operational flexibility. Ongoing R&D activities and innovations including network frequency control and variable speed technologies will complement the business outlook. Lack of effective monitoring systems along with increasing electricity outages primarily across emerging economies will further propel the product demand.

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Open loop accounted for over 95% share of global pumped hydro storage market in 2017. Abundant availability of natural water stream coupled with easy compatibility with hydro power plant will positively impact the product demand. Limited cost of refilling the upper reservoir and low capital requirement for construction will further augment the industry landscape.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Toshiba
2. Eskom Holdings SOC Ltd
3. EDF
4. Voith Group
5. Alstom Power
6. Enel
7. Northland Power Inc.
8. Sinohydro

Chapter 3 Pumped Hydro Storage Market Industry Insights

3.1 Industry segmentation

3.2 Industry landscape, 2014 – 2024 (USD Billion)

3.3 Industry ecosystem analysis

3.3.1 Vendor matrix

3.4 Innovation & sustainability

3.4.1 Voith

3.4.2 Genex Power

3.4.3 General Electric

3.4.4 Toshiba

3.4.5 Nevada Hydro

3.5 Regulatory landscape

3.5.1 U.S.

3.5.1.1 Hydropower Regulatory Efficiency Act

3.5.1.2 Federal Energy Regulatory Commission (FERC)

3.5.1.3 National Hydropower Association (NHA)

3.5.1.4 Federal Power Act (FPA) (1935)

3.5.1.5 National Environmental Policy Act (NEPA) (1970)

3.5.1.6 Clean Water Act (CWA) (1972)

3.5.1.7 Coastal Zone Management Act (CZMA) (1972)

3.5.1.8 Rivers and Harbors Act (1899)

3.5.1.9 HR 267: The Hydropower Regulatory Efficiency Act (2013)

3.5.2 Europe

3.5.2.1 Horizon 2020 Program

3.5.2.2 Climate policies

3.5.3 UK

3.5.3.1 Energy Act 2008

3.5.3.2 Climate Change Act, 2008

3.5.4 China

3.5.4.1 Renewable Energy Law

3.5.4.2 Laws on Domestic Dam Building

3.5.4.3 International Hydropower Association

3.5.4.3.1 Emission Trading Scheme

3.5.4.3.2 Green bonds

3.5.5 Japan

3.5.5.1 Regulatory reforms in Electricity

3.5.5.2 Renewable Portfolio Standard, 2003

3.6 Existing pumped hydro storage project across Australia & New Zealand

3.7 Announced & upcoming projects across Australia & New Zealand

3.7.1 Announced projects

3.7.2 Upcoming projects

3.8 Potential sites across Australia & New Zealand

3.9 Price trend analysis

3.10 Industry impact forces

3.10.1 Growth drivers.

3.10.1.1 North America

3.10.1.1.1 Growing demand for sustainable energy mix

3.10.1.1.2 Increasing demand for energy storage

3.10.1.2 Europe

3.10.1.2.1 Favorable government policies

3.10.1.2.2 Stringent government regulations against emissions

3.10.1.3 Asia Pacific

3.10.1.3.1 Increasing concerns toward security of supply

3.10.1.3.2 Upsurge in electricity demand

3.10.1.3.3 Ongoing renewable energy integration reforms

3.10.1.4 Rest of world

3.10.1.4.1 Growing adoption of sustainable energy mix

3.10.2 Industry pitfall & challenge

3.10.2.1 High capital cost

3.11 Major pumped hydro storage outlook

3.11.1 Operational

3.11.2 Announced

3.12 Growth potential analysis

3.13 Porter’s Analysis

3.14 Competitive landscape, 2017

3.14.1 Strategy dashboard

3.14.1.1 Voith Hydro

3.14.1.2 Toshiba

3.14.1.3 Enel

3.14.1.4 J POWER

3.14.1.5 Genex Power Limited

3.15 PESTEL Analysis

Rapid technological advancements coupled with surging demand for sustainable energy storage will stimulate the Japan pumped hydro storage market. Increasing adoption of eco-friendly technologies along with growing concerns toward energy securities will encourage the product adoption.

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Grid stability, large-scale storage capacity and energy efficiency are some of the prominent features which will stimulate the pumped hydro storage market growth. Growing electricity demand from off grid remote areas primarily across emerging economies will positively influence the industry growth. As per the European Association for Storage of Energy, the average efficiency range for PHS systems is 70-80% when compared to other available counterparts.

Spain pumped hydro storage market is predicted to exceed 9 GW by 2024. Stringent codes & standards coupled with ongoing investments toward the development of microgrid network will stimulate the product demand. As per 2012/27/EU directive, the European Commission has introduced the regulatory standards to promote energy efficiency across the region.

Open loop accounted for over 95% share of global pumped hydro storage market in 2017. Abundant availability of natural water stream coupled with easy compatibility with hydro power plant will positively impact the product demand. Limited cost of refilling the upper reservoir and low capital requirement for construction will further augment the industry landscape.

Favorable government regulations toward upgradation & expansion of existing electricity network coupled with growing adoption of sustainable technologies will augment the business landscape. Advancement in distributed generation technologies along with ongoing expansion of microgrid network will further propel the product penetration. Pumped Hydro Storage Market is predicted to exceed USD 390 billion by 2024.

Top players across the pumped hydro storage market includes Alstom Power, Voith Group, EDF, Absaroka, J-Power, Eskom Holdings SOC Ltd, Genex, Toshiba, Snowdonia, DONGFANG ELECTRIC CORPORATION (DEC), Sinohydro, Northland Power Inc., Schluchseewerk AG and, Enel.

Browse key industry insights spread across 164 pages with 144 market data tables & 29 figures & charts from the report, Pumped Hydro Storage Market in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/pumped-hydro-storage-market

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