openPR Logo
Press release

Pumped-Storage Hydroelectricity Market : Key Trends and Forecast Research Report 2025

08-07-2017 07:10 AM CET | Energy & Environment

Press release from: TMR Research

Pumped-Storage Hydroelectricity Market : Key Trends

Global Pumped-Storage Hydroelectricity Market: Snapshot

Pumped-storage hydroelectricity is growing at a significant pace across the globe, thanks to the world’s rising appetite for electricity and the vast surge in renewables. To help accommodate the rising supply of wind energy, for instance, utilities in Spain, where the production of wind energy has increased from about 6% of the country’s total energy production in 2004 to more than 20% presently, utilities have turned to pumped-storage facilities. Pumped-storage hydroelectricity is playing a key role in the field of energy storage today and a massive portion of world’s installed storage capacity is pumped hydro.

As the world embraces wind and solar power, pumped-storage hydroelectricity will witness a huge surge in the next few years. Power generators and utilities are building new pumped-storage hydroelectricity facilities across Europe and Asia Pacific countries as a way of striking a balance between power supply and demand across grid networks. Presently, over 290 pumped-storage hydroelectricity plants are operational globally, with a capacity totaling nearly 150 GW. According to the U.S. Department of Energy’s (DOE) Global Energy Storage Database, more than 45 projects with total capacities of more than 30 GW are under development across the globe.

Request Sample Copy of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=227

Countries across the globe have ambitious plans to increase the share of renewables in their energy mixes and several government regulations and incentives are encouraging developments in the fields of renewables such as solar and wind power. To accommodate the potential hyper growth of renewables in the near future, the storage capacity of pumped-storage hydroelectricity will also significantly rise.

Global Pumped-Storage Hydroelectricity Market: Inclusive Insight

Pumped-storage hydroelectric (PSH) refers to a system of hydroelectric energy storage, which is utilized by the power industry for peak saving and load balancing. In this system, water is transferred from a lower elevation to a reservoir at higher elevation, and stored. Low cost off-peak electric power is used for this transfer, whereas during the peak demand, the stored water is utilized to run turbines and generate energy. As the cost of electric energy fluctuates, these pumped-storage hydroelectricity systems generated electricity is sold at premium prices and thereby balancing the load on conventional energy sources.

Request TOC of the Report @ https://www.tmrresearch.com/sample/sample?flag=T&rep_id=227

Pumped storage hydropower plants can be exploited better when used alongside wind energy turbines. The wind turbines pump water back into the reservoir during lean demand times thus resulting in better utilization of excess generation. Pumped storage hydro is capable of supplying a large number of ancillary services ranging from load balancing to voltage control. These plants can also serve as ideal spinning reserves and are useful for black start services to utility grids. Overall, these plants are an integral part of any robust energy generation mix and satisfy the requirement of ample backup power in times of grid failures or other supply related emergencies.

With the ever escalating demand for electric energy, the global market for pumped-storage hydroelectricity is projected for a healthy growth rate during the forecast period of 2017 to 2025. This report is a comprehensive analysis of the market for the same in current scenario, and based on several prominent factors that are expected to influence the growth rate, it presents figurative opportunities available. The report also profiles some of the key companies currently operational in the global pumped-storage hydroelectricity market, including their market share and strategic developments. By technology, the market can be segmented into single reversible pump turbine and separate pump and turbine generators. The end use application of pumped storage hydroelectricity can be segmented on the basis of the service they provide. Some of the services provided by pumped storage hydro are energy balancing, stability, storage capacity and ancillary grid services.

Get Discount @ https://www.tmrresearch.com/sample/sample?flag=D&rep_id=227

Global Pumped-Storage Hydroelectricity Market: Prospects and Inhibitors

The increasing demand for energy storage systems and the emergence of ancillary services are two of the primary driving factors of the market. In the recent times, increased importance has been given to stable form of energy, and technological advancements has made pumped-storage hydroelectricity serve the demand efficiently. Other factors favoring the global pumped-storage hydroelectricity market include the need for alternative energy sources with black start capabilities, reactive power generation, and the assurance to operate as a spinning reserve. Conversely, the availability of large bodies of water along with a height variation between the two reservoirs are noted by the report as two primary restraining factors over the market. However, this barrier can be overcome via man-made alterations to the topography, which also helps in desired size and height measurements.

Global Pumped-Storage Hydroelectricity Market: Prospects and Inhibitors

Europe currently serves the maximum demand, especially from the country-wide markets of the U.K., Switzerland, Austria, and Italy. Asia Pacific market is driven by Japan while the U.S. contributes nearly 95% of the demand from the North American region.

Alstom, First Hydro, Exelon, Voith and J-Power are some of the key players in this market.

About TMR Research

TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.

Our savvy custom-built reports span a gamut of industries such as pharmaceuticals, chemicals and metals, food and beverages, and technology and media, among others. With actionable insights uncovered through in-depth research of the market, we try to bring about game-changing success for our clients.

Contact:

Rohit Bhisey
Head - Internet Marketing
Tel: +1-415-520-1050
Email: sales@tmrresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Pumped-Storage Hydroelectricity Market : Key Trends and Forecast Research Report 2025 here

News-ID: 655785 • Views: 157

More Releases from TMR Research

Artichokes Market Key Players, Latest Trends, Future Strategies And Growth Forec …
Global Artichokes Market: Overview Several botanists have studied the properties of edible plants over the years. This has led them to discover the health benefits of these plants, quite apparently for animals, and selectively for humans. Artichoke has also gained popularity due to increased spending on botanical and medical research. It is expected that the global artichokes market would expand at a sturdy pace in the years to follow. Research studies
Cereal Bar Market Growth, Analysis of Key Players, Trends, Drivers By 2030
Cereal Bar Market: Overview Apart from regular cereal bars used as a snack bar or mini meal, calcium fortified cereal bars are witnessing increasing uptake. Calcium fortified cereal bars are increasingly being consumed by women between 18 and 50 years to prevent osteoporosis. This marks a new trend for the growth of cereal bar market. Cereal bars are available in various types as combination of cereals, nuts, seeds, honey, and dried fruits.
Kaempferol Market Size, Technology, Implementation, Analytical Overview, Forecas …
Global Kaempferol Market: Overview In pathogenesis of several diseases like inflammatory diseases, oxidative stress has a vital role to play. In the process of aging, organs like kidney are particularly in jeopardy due to oxidative stress. Oxidant induced kidney diseases are acute renal failure, toxic nephropathies, nephritis, pyelonephritis, and vasculitis. Treatment with kaempferol has proved to be effective as it restrained accumulation of oxidative stress. Oxidative stress plays an important role in
Halal Ingredients Market Rising Trends, Huge Demand, Business Strategies, High G …
Global Halal Ingredients Market: Overview Growing Muslim population who adopt Islamic dietary guidelines is a key factor driving the evolution of the halal ingredients market over the period of assessment (2018–2028). Halal ingredients and halal products are becoming increasingly popular amongst the non-Muslim populations as well, thereby opening new avenues in the global halal ingredient market. According to Pew Research Center, a leading fact tank based out of Washington DC, Muslim population

All 5 Releases


More Releases for Pumped

Pumped Hydroelectric Energy Storage (PHES) Market 2019:Top Key Players are Bath …
The global Pumped Hydroelectric Energy Storage Market 2019 research is a professional and in-depth study on the current state of the industry and provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. This report presents the worldwide Pumped Hydroelectric Energy Storage Market size (value, production and consumption), splits the breakdown (data status 2014-2018 and forecast to 2025), by manufacturers, region, type and application. This study
Pumped Hydroelectric Energy Storage (PHES) Market 2019 Analysis - Covers Top 10 …
The Global Pumped Hydroelectric Energy Storage (PHES) Market status and forecast, categorizes the global Pumped Hydroelectric Energy Storage (PHES) market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, and other regions (India, Southeast Asia). The major manufacturers covered in this report Bath County Pumped Storage Station Huizhou Pumped Storage Power Station Guangdong Pumped Storage Power Station Okutataragi Pumped Storage Power
Global Pumped Hydroelectric Energy Storage (PHES) Market SWOT analysis & Top key …
The report global Pumped Hydroelectric Energy Storage (PHES) Market presents the current scenario of the industry also the factors that are anticipated to impact the futuristic growth is also presented through our in-depth analysis. The overall market growth and revenue generated in the year 2018 is portrayed along with the evaluation of the state of the market by 2023. The multi-facet display of the Global Pumped Hydroelectric Energy Storage (PHES) Market
Pumped Hydroelectric Energy Storage Market present scenario and the growth prosp …
Pumped Hydroelectric Energy Storage Market report covers the present scenario and the growth prospects of the global pumped hydroelectric storage turbines market for 2018-2025. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. Key Players covered in this Pumped Hydroelectric Energy Storage Market research report: Bath County Pumped Storage Station, Huizhou Pumped Storage
Pumped Hydroelectric Energy Storage Market 2018: Bath County Pumped Storage Stat …
Pumped Hydroelectric Energy Storage Market 2018 Market Research Report offers current Industry Size, Share, growth history and most significant regions development status. The report provides an intact view of Global Pumped Hydroelectric Energy Storage Industry by evaluating the impact of the technological advancements, extensive product specification and rotating investment behavior. This report is a valuable source of guidance for companies and individuals offering Industry Chain Structure, Business Strategies and Proposals
Pumped Hydroelectric Energy Storage (PHES) 2018 Global Key Players –Bath Count …
Pumped Hydroelectric Energy Storage (PHES) Market 2018                               Wiseguyreports.Com Adds “Pumped Hydroelectric Energy Storage (PHES) – Global Market Demand, Growth, Opportunities, Manufacturers, Analysis of Top Key Players and Forecast to 2025” To Its Research Database. Description:  In this report, the global Pumped Hydroelectric Energy Storage (PHES) market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017