Insights on the Pumped Hydro Storage Global Market to 2026 - Featuring Duke Energy, Enel and Iberdrola Among Others - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Pumped Hydro Storage Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.

The global pumped hydro storage (PHS) market is expected to grow at a CAGR of more than 2% over the period of 2020-2025.

Companies Mentioned

• Duke Energy Corp.
• EON SE
• Enel SpA
• Electricite de France SA (EDF)
• Iberdrola SA
• General Electric Company
• Siemens AG
• Andritz AG
• Wartsila Oyj Abp
• Voith GmbH & Co. KGaA
• Ansaldo Energia SpA

Key Market Trends

Closed-Loop to Dominate the Market

• The pumped hydro storage units, where both reservoirs are artificial and none of the reservoirs are associated with natural inflows, are referred to as a closed-loop system. The development of a closed-loop system requires identification of water source and additional water to replace the losses that occurred.
• In this type of pumped hydro storage system, there is minimal interaction with aquatic life. Thus, it minimizes or even avoids the permitting and environmental review process.
• China, with more than 40 under construction and planned closed-loop projects is expected to promulgate the market. India and Indonesia also have several closed-loop powered hydro storage projects, leading to Asia-Pacific region driving the closed-loop unit demand.
• In October 2018, a bill named "America's Water Infrastructure Act of 2018" was passed in the United States, which includes provisions that significantly streamline the key aspects of the Federal Energy Regulatory Commission (FERC), licensing the process for closed-loop, pumped hydro storage facilities.
• With changes made in the regulations, the new, closed-loop pumped storage facilities may complete the licensing process by mid-2021, hence, driving the pumped hydro storage market.

Asia-Pacific to Dominate the Market

• As of 2018, Asia-Pacific accounts for more than 50% of the global installed capacity for pumped hydro storage and around 45% of global generated power from PHS, with China constituting of about 30 GW of installed capacity.
• According to the China Energy Storage Alliance's (CNESA), by the end of 2017, China's total operational energy storage capacity totaled 28.9 GW, an increase of 19% from the previous year. Pumped hydro energy storage made up the majority of this capacity, at nearly 99%. With more projects coming into operation in next five years, China is expected to retain its leading position in the market.
• In India, the PHS technology is expected to play a significant role in the proliferation of renewable energy generation in India. In March 2019, the Ministry of Power proposed changes in the electricity rule, to incentivize electricity supply at the times of peak demand, which is a big boost for growth in pumped PHS installation.
• India has 4.8 GW of pumped hydro storage capacity, with Indian government setting a target of 175 GW renewable power installed capacity during the forecast period. Thus, the new initiatives and projects are expected to drive the pumped hydro storage market.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET OVERVIEW

4.1 Introduction

4.2 Pumped Hydro Installed Capacity and Forecast in GW, till 2025

4.3 Hydro Power Installed Capacity and Forecast in GW, till 2025

4.4 Hydroelectricity Generation in TWh, 2013-2018

4.5 Recent Trends and Developments

4.6 Government Policies and Regulations

4.7 Market Dynamics

4.7.1 Drivers

4.7.2 Restraints

4.8 Supply Chain Analysis

4.9 Porter's Five Forces Analysis

5 MARKET SEGMENTATION

5.1 Type

5.2 Geography

6 COMPETITIVE LANDSCAPE

6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

6.2 Strategies Adopted by Leading Players

6.3 Company Profiles

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/f99t2p