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Global Pumped Storage Power System Market Research Report 2024
Synopsis
Pumped Storage Power System is a type of hydroelectric energy storage. It is a configuration of two water reservoirs at different elevations that can generate power as water moves down from one to the other (discharge), passing through a turbine.Pumped Storage Power System provides system flexibility and makes it easy for deployment with intermittent sources such as wind and solar. There are also drawbacks associated with Pumped Storage Power System, which include its relatively lower energy density compared with some other energy storage systems.
Global Pumped Storage Power System market is projected to reach US$ 854.9 million in 2029, increasing from US$ 575 million in 2022, with the CAGR of 5.5% during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole Pumped Storage Power System market research.
According to statistics from Data Europa, as of 2020, the cumulative installed capacity has reached 48.38GW, and pumped hydro storage currently accounts for 94% of the European energy storage market, with Spain and Germany having the largest capacities.
Report Scope
This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global Pumped Storage Power System market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.
By Company
Voith
Merus
Drax Group
GE Renewable Energy
Siemens
Duke Energy
Black & Veatch
Ludington
Enel Group
Segment by Type
Large Energy Storage System (Greater Than 30MW)
Small Energy Storage System (100kw-30Mw)
Micro Energy Storage System (Less Than 100KW)
Segment by Application
Water Storage
Power Generation
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
The Pumped Storage Power System report covers below items:
Chapter 1: Product Basic Information (Definition, Type and Application)
Chapter 2: Global market size, regional market size. Market Opportunities and Challenges
Chapter 3: Companies’ Competition Patterns
Chapter 4: Product Type Analysis
Chapter 5: Product Application Analysis
Chapter 6 to 10: Country Level Value Analysis
Chapter 11: Companies’ Outline
Chapter 12: Market Conclusions
Chapter 13: Research Methodology and Data Source
Pumped Storage Power System is a type of hydroelectric energy storage. It is a configuration of two water reservoirs at different elevations that can generate power as water moves down from one to the other (discharge), passing through a turbine.Pumped Storage Power System provides system flexibility and makes it easy for deployment with intermittent sources such as wind and solar. There are also drawbacks associated with Pumped Storage Power System, which include its relatively lower energy density compared with some other energy storage systems.
Global Pumped Storage Power System market is projected to reach US$ 854.9 million in 2029, increasing from US$ 575 million in 2022, with the CAGR of 5.5% during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole Pumped Storage Power System market research.
According to statistics from Data Europa, as of 2020, the cumulative installed capacity has reached 48.38GW, and pumped hydro storage currently accounts for 94% of the European energy storage market, with Spain and Germany having the largest capacities.
Report Scope
This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global Pumped Storage Power System market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.
By Company
Voith
Merus
Drax Group
GE Renewable Energy
Siemens
Duke Energy
Black & Veatch
Ludington
Enel Group
Segment by Type
Large Energy Storage System (Greater Than 30MW)
Small Energy Storage System (100kw-30Mw)
Micro Energy Storage System (Less Than 100KW)
Segment by Application
Water Storage
Power Generation
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
The Pumped Storage Power System report covers below items:
Chapter 1: Product Basic Information (Definition, Type and Application)
Chapter 2: Global market size, regional market size. Market Opportunities and Challenges
Chapter 3: Companies’ Competition Patterns
Chapter 4: Product Type Analysis
Chapter 5: Product Application Analysis
Chapter 6 to 10: Country Level Value Analysis
Chapter 11: Companies’ Outline
Chapter 12: Market Conclusions
Chapter 13: Research Methodology and Data Source
Index1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Pumped Storage Power System Market Size Growth Rate by Type: 2018 VS 2022 VS 2029
1.2.2 Large Energy Storage System (Greater Than 30MW)
1.2.3 Small Energy Storage System (100kw-30Mw)
1.2.4 Micro Energy Storage System (Less Than 100KW)
1.3 Market by Application
1.3.1 Global Pumped Storage Power System Market Growth by Application: 2018 VS 2022 VS 2029
1.3.2 Water Storage
1.3.3 Power Generation
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Pumped Storage Power System Market Perspective (2018-2029)
2.2 Pumped Storage Power System Growth Trends by Region
2.2.1 Global Pumped Storage Power System Market Size by Region: 2018 VS 2022 VS 2029
2.2.2 Pumped Storage Power System Historic Market Size by Region (2018-2023)
2.2.3 Pumped Storage Power System Forecasted Market Size by Region (2024-2029)
2.3 Pumped Storage Power System Market Dynamics
2.3.1 Pumped Storage Power System Industry Trends
2.3.2 Pumped Storage Power System Market Drivers
2.3.3 Pumped Storage Power System Market Challenges
2.3.4 Pumped Storage Power System Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Pumped Storage Power System Players by Revenue
3.1.1 Global Top Pumped Storage Power System Players by Revenue (2018-2023)
3.1.2 Global Pumped Storage Power System Revenue Market Share by Players (2018-2023)
3.2 Global Pumped Storage Power System Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Pumped Storage Power System Revenue
3.4 Global Pumped Storage Power System Market Concentration Ratio
3.4.1 Global Pumped Storage Power System Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Pumped Storage Power System Revenue in 2022
3.5 Pumped Storage Power System Key Players Head office and Area Served
3.6 Key Players Pumped Storage Power System Product Solution and Service
3.7 Date of Enter into Pumped Storage Power System Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Pumped Storage Power System Breakdown Data by Type
4.1 Global Pumped Storage Power System Historic Market Size by Type (2018-2023)
4.2 Global Pumped Storage Power System Forecasted Market Size by Type (2024-2029)
5 Pumped Storage Power System Breakdown Data by Application
5.1 Global Pumped Storage Power System Historic Market Size by Application (2018-2023)
5.2 Global Pumped Storage Power System Forecasted Market Size by Application (2024-2029)
6 North America
6.1 North America Pumped Storage Power System Market Size (2018-2029)
6.2 North America Pumped Storage Power System Market Growth Rate by Country: 2018 VS 2022 VS 2029
6.3 North America Pumped Storage Power System Market Size by Country (2018-2023)
6.4 North America Pumped Storage Power System Market Size by Country (2024-2029)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Pumped Storage Power System Market Size (2018-2029)
7.2 Europe Pumped Storage Power System Market Growth Rate by Country: 2018 VS 2022 VS 2029
7.3 Europe Pumped Storage Power System Market Size by Country (2018-2023)
7.4 Europe Pumped Storage Power System Market Size by Country (2024-2029)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Pumped Storage Power System Market Size (2018-2029)
8.2 Asia-Pacific Pumped Storage Power System Market Growth Rate by Region: 2018 VS 2022 VS 2029
8.3 Asia-Pacific Pumped Storage Power System Market Size by Region (2018-2023)
8.4 Asia-Pacific Pumped Storage Power System Market Size by Region (2024-2029)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Pumped Storage Power System Market Size (2018-2029)
9.2 Latin America Pumped Storage Power System Market Growth Rate by Country: 2018 VS 2022 VS 2029
9.3 Latin America Pumped Storage Power System Market Size by Country (2018-2023)
9.4 Latin America Pumped Storage Power System Market Size by Country (2024-2029)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Pumped Storage Power System Market Size (2018-2029)
10.2 Middle East & Africa Pumped Storage Power System Market Growth Rate by Country: 2018 VS 2022 VS 2029
10.3 Middle East & Africa Pumped Storage Power System Market Size by Country (2018-2023)
10.4 Middle East & Africa Pumped Storage Power System Market Size by Country (2024-2029)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Voith
11.1.1 Voith Company Detail
11.1.2 Voith Business Overview
11.1.3 Voith Pumped Storage Power System Introduction
11.1.4 Voith Revenue in Pumped Storage Power System Business (2018-2023)
11.1.5 Voith Recent Development
11.2 Merus
11.2.1 Merus Company Detail
11.2.2 Merus Business Overview
11.2.3 Merus Pumped Storage Power System Introduction
11.2.4 Merus Revenue in Pumped Storage Power System Business (2018-2023)
11.2.5 Merus Recent Development
11.3 Drax Group
11.3.1 Drax Group Company Detail
11.3.2 Drax Group Business Overview
11.3.3 Drax Group Pumped Storage Power System Introduction
11.3.4 Drax Group Revenue in Pumped Storage Power System Business (2018-2023)
11.3.5 Drax Group Recent Development
11.4 GE Renewable Energy
11.4.1 GE Renewable Energy Company Detail
11.4.2 GE Renewable Energy Business Overview
11.4.3 GE Renewable Energy Pumped Storage Power System Introduction
11.4.4 GE Renewable Energy Revenue in Pumped Storage Power System Business (2018-2023)
11.4.5 GE Renewable Energy Recent Development
11.5 Siemens
11.5.1 Siemens Company Detail
11.5.2 Siemens Business Overview
11.5.3 Siemens Pumped Storage Power System Introduction
11.5.4 Siemens Revenue in Pumped Storage Power System Business (2018-2023)
11.5.5 Siemens Recent Development
11.6 Duke Energy
11.6.1 Duke Energy Company Detail
11.6.2 Duke Energy Business Overview
11.6.3 Duke Energy Pumped Storage Power System Introduction
11.6.4 Duke Energy Revenue in Pumped Storage Power System Business (2018-2023)
11.6.5 Duke Energy Recent Development
11.7 Black & Veatch
11.7.1 Black & Veatch Company Detail
11.7.2 Black & Veatch Business Overview
11.7.3 Black & Veatch Pumped Storage Power System Introduction
11.7.4 Black & Veatch Revenue in Pumped Storage Power System Business (2018-2023)
11.7.5 Black & Veatch Recent Development
11.8 Ludington
11.8.1 Ludington Company Detail
11.8.2 Ludington Business Overview
11.8.3 Ludington Pumped Storage Power System Introduction
11.8.4 Ludington Revenue in Pumped Storage Power System Business (2018-2023)
11.8.5 Ludington Recent Development
11.9 Enel Group
11.9.1 Enel Group Company Detail
11.9.2 Enel Group Business Overview
11.9.3 Enel Group Pumped Storage Power System Introduction
11.9.4 Enel Group Revenue in Pumped Storage Power System Business (2018-2023)
11.9.5 Enel Group Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Published By : QY Research
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