The global pumped hydroelectric energy storage (PHES) market is expected to grow with a CAGR of 6.3% from 2024 to 2030.
The future of the global pumped hydroelectric energy storage (PHES) market looks promising with opportunities in the construction, wind energy, and electrical & electronic markets. The major drivers for this market are increasing penetration of renewable energy sources, rising need for enhanced global energy storage industry, and developments in pump and turbine technology.
Within this market, electrical & electronic will remain the highest growing segment due to increasing application in microgrids and off-grid systems.
APAC is expected to witness highest growth over the forecast period due to strong investment in renewable energy and rapidly developing economies in the region.
Answer: The global pumped hydroelectric energy storage (PHES) market is expected to grow with a CAGR of 6.3% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the pumped hydroelectric energy storage (PHES) market?
Answer: The major drivers for this market are increasing penetration of renewable energy sources, rising need for enhanced global energy storage industry, and developments in pump and turbine technology.
Q3. What are the major segments for pumped hydroelectric energy storage (PHES) market?
Answer: The future of the pumped hydroelectric energy storage (PHES) market looks promising with opportunities in the construction, wind energy, and electrical & electronic markets.
Q4. Who are the key pumped hydroelectric energy storage (PHES) market companies?
Answer: Some of the key pumped hydroelectric energy storage (PHES) companies are as follows:
Answer: The publisher forecasts that natural reservoir is expected to witness higher growth over the forecast period due to its lower construction costs and minimal environmental impact.
Q6. In pumped hydroelectric energy storage (PHES) market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to strong investment in renewable energy and rapidly developing economies in the region.
Q7. Do we receive customization in this report?
Answer: Yes, the publisher provides 10% customization without any additional cost.
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
This product will be delivered within 1-3 business days.
The future of the global pumped hydroelectric energy storage (PHES) market looks promising with opportunities in the construction, wind energy, and electrical & electronic markets. The major drivers for this market are increasing penetration of renewable energy sources, rising need for enhanced global energy storage industry, and developments in pump and turbine technology.
Pumped Hydroelectric Energy Storage (PHES) by Segment
This study includes a forecast for the global pumped hydroelectric energy storage (PHES) by source, application, end use, and region.Pumped Hydroelectric Energy Storage (PHES) Market by Source [Shipment Analysis by Value from 2018 to 2030]:
- Natural Reservoirs
- Man-Made Reservoirs
Pumped Hydroelectric Energy Storage (PHES) Market by Application [Shipment Analysis by Value from 2018 to 2030]:
- Energy Management
- Frequency Control
- Provision Of Reserve
- Others
Pumped Hydroelectric Energy Storage (PHES) Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
- Construction
- Wind Energy
- Electrical & Electronics
- Others
Pumped Hydroelectric Energy Storage (PHES) Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Pumped Hydroelectric Energy Storage (PHES) Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies pumped hydroelectric energy storage (PHES) companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the pumped hydroelectric energy storage (PHES) companies profiled in this report include:- General Electric
- Siemens
- Andritz
- Mitsubishi Heavy Industries
- EON SE
- PowerChina
- Hitachi
Pumped Hydroelectric Energy Storage (PHES) Market Insights
Natural reservoir is expected to witness higher growth over the forecast period due to its lower construction costs and minimal environmental impact.Within this market, electrical & electronic will remain the highest growing segment due to increasing application in microgrids and off-grid systems.
APAC is expected to witness highest growth over the forecast period due to strong investment in renewable energy and rapidly developing economies in the region.
Features of the Global Pumped Hydroelectric Energy Storage (PHES) Market
- Market Size Estimates: Pumped hydroelectric energy storage (PHES) market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Pumped hydroelectric energy storage (PHES) market size by source, application, end use, and region in terms of value ($B).
- Regional Analysis: Pumped hydroelectric energy storage (PHES) market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different sources, applications, end uses, and regions for the pumped hydroelectric energy storage (PHES) market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the pumped hydroelectric energy storage (PHES) market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for pumped hydroelectric energy storage (PHES) market?Answer: The global pumped hydroelectric energy storage (PHES) market is expected to grow with a CAGR of 6.3% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the pumped hydroelectric energy storage (PHES) market?
Answer: The major drivers for this market are increasing penetration of renewable energy sources, rising need for enhanced global energy storage industry, and developments in pump and turbine technology.
Q3. What are the major segments for pumped hydroelectric energy storage (PHES) market?
Answer: The future of the pumped hydroelectric energy storage (PHES) market looks promising with opportunities in the construction, wind energy, and electrical & electronic markets.
Q4. Who are the key pumped hydroelectric energy storage (PHES) market companies?
Answer: Some of the key pumped hydroelectric energy storage (PHES) companies are as follows:
- General Electric
- Siemens
- Andritz
- Mitsubishi Heavy Industries
- EON SE
- PowerChina
- Hitachi
Answer: The publisher forecasts that natural reservoir is expected to witness higher growth over the forecast period due to its lower construction costs and minimal environmental impact.
Q6. In pumped hydroelectric energy storage (PHES) market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to strong investment in renewable energy and rapidly developing economies in the region.
Q7. Do we receive customization in this report?
Answer: Yes, the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the pumped hydroelectric energy storage (PHES) market by source (natural reservoirs and man-made reservoirs), application (energy management, frequency control, provision of reserve, and others), end use (construction, wind energy, electrical & electronics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
This product will be delivered within 1-3 business days.
Table of Contents
1. Executive Summary
2. Global Pumped Hydroelectric Energy Storage (PHES) Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- General Electric
- Siemens
- Andritz
- Mitsubishi Heavy Industries
- EON SE
- PowerChina
- Hitachi
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
LOADING...
