Market Overview

The Global Pumped Hydro Storage (CAES) Market was valued at USD 354,639.1 million in 2023 and is expected to reach USD 604,795.2 million by 2031 while growing at a CAGR of 6.9% during the forecast period (2024-2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global pumped hydro storage market growth. Pumped Hydro Storage (PHS) utilizes water's gravitational potential energy for grid energy storage, making it one of the oldest and widely used large-scale methods. These systems comprise two reservoirs at different elevations. Excess electricity pumps water from the lower to the upper reservoir, and during high demand, stored water is released downhill through turbines to generate electricity.

Increasing Renewable Energy Integration and Grid Stability and Reliability drive the growth of the pumped hydro storage market. However, obstacles like high initial capital costs, and environmental and regulatory challenges may impede market expansion.

Furthermore, the global pumped hydro storage industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Type Analysis

The Global Pumped Hydro Storage Market is segmented among Open-loop, and Closed-loop, based on Type. In 2023, Closed-loop accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Pumped Hydro Storage Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while North America is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are General Electric Company, Siemens AG, Andritz AG, Mitsubishi Heavy Industries Ltd, Voith GmbH & Co. KGaA, and Ansaldo Energia SpA.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Pumped Hydro Storage Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Pumped Hydro Storage Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Pumped Hydro Storage Market Segmentation, By Type  

• Global Pumped Hydro Storage Market Share Analysis, By Type  

• Global Pumped Hydro Storage Market Growth Analysis, By Type  

• Global Pumped Hydro Storage Market Trends, By Type  

o Open-loop

o Closed-loop

6. Global Pumped Hydro Storage Market Segmentation, By Region

• Global Pumped Hydro Storage Market Share Analysis, By Region

• Global Pumped Hydro Storage Market Growth Analysis, By Region

• Global Pumped Hydro Storage Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

7. Competitive Landscape

• General Electric Company*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Siemens AG

• Andritz AG

• Mitsubishi Heavy Industries Ltd

• Voith GmbH & Co. KGaA

• Ansaldo Energia SpA

 *Similar analysis will be provided for each company listed above.