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Pumped Hydro Storage Market: Global Trends and Forecast to 2026

Author : Ronak Bora | Published Date : 2020-08-20 

Pumped hydro storage market growth is set to showcase significant growth in coming years on account of the stringent federal regulations to reduce emission levels and growing inclination towards the adoption of sustainable energy technologies.

Several nations have started to explore sustainable alternatives for energy generation. In fact, as per UNEP data, Europe invested USD 61.2 billion in terms of renewable energy investments in 2018. When compared to 2017 data, European renewable energy market has shown a growth of 39% in 2018.

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Expansion of current grid infrastructure due to favorable regulatory norms may increase the usage of pumped hydro storage. Meanwhile, rising cases of power outages in developing nations would further fuel the need for better grid infrastructure.

Pumped Hydro Storage Market in 2019, exceeded USD 300 Billion and is anticipated to represent a cumulative installation of 200 GW by 2026. Increasing demand for sustainable energy mix on account of stringent government norms toward emissions will stimulate the PHS industry growth.

Some major findings of the pumped hydro storage market report include:

  • Demand for sustainable energy storage technologies is growing on account of exponential increase in electricity consumption.
  • Stringent energy efficiency norms & regulations across the developed nations is anticipated to drive the industry growth.
  • Increasing investments toward renewable energy technology
  • Leading players in the pumped hydro storage market includes Voith, EDF, Genex, Enel and J-Power
  • Industry players are opting for extensive research & development activities and innovations to enhance their industry presence.
  • Government authorities are aiming toward energy efficiency and emission reductions which has led to a significant increase in the PHS installation.

Favorable regulatory norms toward expansion of existing grid infrastructure coupled with ongoing deployment of sustainable energy technologies will propel the pumped hydro storage market growth. In addition, growing power outrages across the developing nations along with lack of effective monitoring systems will boost the industry growth. According to UNEP the renewable energy investments in Europe accounted for USD 61.2 billion in 2018 an increase of 39% when compared with 2017.

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The key players operating across the PHS industry includes Schluchseewerk AG, Nevada, Voith, Northland Power, Genex, SinoHydro, EDF, Toshiba, RusHydro, Abroska, GE Alstom, Donfang Electric, Enel and J-Power.

Table of Contents (ToC) of the report:

Chapter 3   Pumped Hydro Storage Market Industry Insights

3.1   Industry segmentation

3.2   Industry landscape, 2015 – 2026 (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.   Hydropower Regulatory Efficiency Act   Federal Energy Regulatory Commission (FERC)   National Hydropower Association (NHA)   Federal Power Act (FPA) (1935)   National Environmental Policy Act (NEPA) (1970)   Clean Water Act (CWA) (1972)   Coastal Zone Management Act (CZMA) (1972)   Rivers and Harbors Act (1899)   HR 267: The Hydropower Regulatory Efficiency Act (2013)

3.5.2   Europe   Horizon 2020 Program   Climate policies

3.5.3   UK   Energy Act 2008   Climate Change Act, 2008   National Renewable Energy Action Plan   Scotland

3.5.4   China   Renewable Energy Law   Laws on Domestic Dam Building   International Hydropower Association   Emission Trading Scheme   Green bonds

3.5.5   Japan   Regulatory reforms in Electricity   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.   North America   Growing demand for sustainable energy mix   Increasing demand for energy storage   Europe   Favorable government policies   Stringent government regulations against emissions   Asia Pacific   Increasing concerns toward security of supply   Upsurge in electricity demand   Ongoing renewable energy integration reforms   Rest of world   Growing adoption of sustainable energy mix

3.10.2   Industry pitfall & challenge   High capital cost

3.11   Operational pumped hydro storage projects across key countries

3.11.1   U.S.

3.11.2   Canada

3.11.3   Austria

3.11.4   France

3.11.5   Italy

3.11.6   Germany

3.11.7   Spain

3.11.8   Switzerland

3.11.9   UK

3.11.10    China

3.11.11    India

3.11.12    Japan

3.11.13    South Korea

3.12   Announced pumped hydro projects

3.12.1   U.S.

3.12.2   Canada

3.12.3   Japan

3.13   Growth potential analysis

3.14   Porter’s Analysis

3.15   Competitive landscape, 2019

3.15.1   Strategy dashboard   Voith Hydro   Enel   J POWER   Genex Power Limited   Toshiba

3.16   PESTEL Analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/pumped-hydro-storage-market

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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