Press release
Pumped Hydro Storage Global Market Report 2025: Analysis, Market Size, Key Players, Trends, and Future Outlook
Pumped Hydro Storage Global Market
What Is The Projected Market Size Of The Global Pumped Hydro Storage Global Market Report 2025 And Its Growth Rate?
• The pumped hydro storage market size will grow from $408.33 billion in 2024 to $442.04 billion in 2025 at a CAGR of 8.3%.
• This growth in the historic period can be attributed to the need for energy storage solutions, grid stability, reliability, renewable energy integration, electricity market dynamics, and hydropower expansion.
• Further growth is expected, with the market size reaching $642.15 billion in 2029 at a CAGR of 9.8%.
• This future growth can be credited to growing renewable energy capacity, focus on decentralized energy systems, energy transition, electrification, integration with variable renewable sources, and hybrid energy storage systems.
What Is Driving The Growth In The Pumped Hydro Storage Global Market Report 2025?
The rising electricity demand is playing a pivotal role in the growth of the pumped hydro storage market. As prosperity increases and commercial activities expand, the need for electricity follows suit. This demand is met by producing electricity in pumped hydro storage facilities where water is allowed to flow through a turbine generator. Reports from the International Energy Agency (IEA) and the Energy Information Administration suggest that the global economic recovery and increased electricity consumption in the US indicate a surge in electricity demand, eventually driving the growth of the pumped hydro storage market.
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Who Are the Key Players Driving Pumped Hydro Storage Global Market Report 2025 Growth?
• Enel Group
• Electricite de France SA (EDF)
• Hitachi Energy Ltd.
• General Electric Co
• Iberdrola SA
• Mitsubishi Heavy Industries Ltd.
• Siemens Energy AG
• ABB Ltd.
• Duke Energy Corporation
• Chubu Electric Power Company Inc.
• Statkraft AS
• Eskom
• Genex Power Limited
• Alstom Pvt Ltd.
• Andritz Group
• Dongfang Electric
• Voith GmbH & Co KGaA
• China Three Gorges Corporation
• Snowy Hydro Limited
• Greenko Group
• EON SE
• Toshiba Energy System & Solutions Corporation
• San Diego County Water Authority
• RusHydro
• FirstLight Power
• Schluchseewerk
• Gridflex Energy
• National Grid plc
• NextEra Energy Inc.
What Are The Key Trends In The Pumped Hydro Storage Global Market Report 2025?
• Advancements in storage technologies
• Increased deployment of pumped hydro storage
• Energy transition and grid balancing
• Global expansion of pumped storage projects
• Market trends in retrofits and upgrades
What Are The Segments Of The Global Pumped Hydro Storage Global Market Report 2025?
• By Type: Open-Loop, Closed-Loop
• By Source: Natural Reservoirs, Man-Made Reservoirs
• By End User: Government Agency, Grid Operators, Electricity Utilities, Other End Users
Which Region Leads The Pumped Hydro Storage Global Market Report 2025?
Asia-Pacific was the largest region in the pumped hydro storage market in 2024. Europe is projected to be the fastest-growing region in the coming years. The report covers all regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Pumped Hydro Storage Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Pumped Hydro Storage Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Pumped Hydro Storage Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Pumped Hydro Storage Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Pumped Hydro Storage Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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