Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Pumped Hydro Storage Market by Type (Closed-loop System, Open-loop System, Other, ), By Application (Natural Reservoirs, Man-made Reservoirs, ) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Pumped Hydro Storage Market by Type (Closed-loop System, Open-loop System, Other, ), By Application (Natural Reservoirs, Man-made Reservoirs, ) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 157749 3300 Machinery & Equipment 377 237 Pages 4.7 (42)

Market Overview:

The global pumped hydro storage market is expected to grow from USD 9.5 billion in 2018 to USD 16.8 billion by 2030, at a CAGR of 6.0% from 2018 to 2030. The growth of the global pumped hydro storage market can be attributed to the increasing demand for energy and rising concerns about climate change. The closed-loop system segment is expected to hold the largest share of the global pumped hydro storage market in 2018, owing to its advantages such as low environmental impact and high efficiency over other systems.

Global Pumped Hydro Storage Industry Outlook

Product Definition:

Pumped hydro storage (PHS) is a technology used to store energy in the form of potential energy of water. It uses two reservoirs at different elevations, one containing water and the other empty. When electricity is needed, water from the upper reservoir is pumped down to the lower reservoir, turning turbines that generate electricity as it flows back up. Pumped hydro storage systems are important because they can respond quickly to changes in demand for power and can store large amounts of energy.

Closed-loop System:

Closed-loop systems are used to store energy in the form of water. The system stores the kinetic energy created by moving water and uses it later for generating electricity when needed. In a closed-loop system, there is no loss of head due to flow, as in open-loop systems; therefore, these systems can be used for applications where high heads are required such as hydropower plants or large reservoirs.

Open-loop System:

Open-loop system is a pump that can be operated without any load connected to it. It is used in various applications such as water supply, drainage, and sewage treatment plants. The most common application of open-loop system is for irrigation purposes where the flow rate can be adjusted by varying the stroke length of the pump.

Application Insights:

Natural reservoirs accounted for the largest market share in 2017 and are expected to continue their dominance over the forecast period. Closed-loop system is widely used in natural reservoirs owing to its low energy consumption as compared to open-loop system. Moreover, natural reservoir pumps can be installed at a lower altitude as compared to other systems due these geographical constraints of mountain ranges and valleys across various regions.

The man-made reservoir segment is anticipated register notable growth over the forecast period owing to its ability supply constant hydroelectric power even during peak hours without depending on weather or water flow conditions from nature¢â‚¬â„¢s mercy.

Regional Analysis:

North America is expected to be the largest regional market over the forecast period owing to early adoption of PHS technology in countries such as the U.S., Canada, and Mexico. The region accounted for a share of more than 40% in 2017 owing to increasing demand for reliable renewable energy sources along with growing need for peak-shifting electricity generation capacity.

Asia Pacific is anticipated to witness significant growth rate during the forecast period due to rapid development of large hydroelectric reservoirs and extensive exploration & production (E&P) activities in countries such as China, India, South Korea, Australia among others are driving industry expansion across this region. Moreover, favorable government policies encouraging investments through tax benefits are also expected drive industry growth over next eight years from 2018’s perspective.

Europe was estimated at USD X billion in 2017.

Growth Factors:

  • Increasing demand for energy storage solutions to store renewable energy
  • Government initiatives and policies to promote the use of renewable energy sources
  • Declining costs of pumped hydro storage systems
  • Growing demand for grid-scale energy storage systems
  • Proliferation of microgrids and distributed generation

Scope Of The Report

Report Attributes

Report Details

Report Title

Pumped Hydro Storage Market Research Report

By Type

Closed-loop System, Open-loop System, Other,

By Application

Natural Reservoirs, Man-made Reservoirs,

By Companies

EDF, Voith Hydro, Schluchseewerk, Toshiba, Dongfang Electric, Northland Power, SinoHydro, Eskom, J-Power, Enel,

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global Pumped Hydro Storage Market Report Segments:

The global Pumped Hydro Storage market is segmented on the basis of:


Closed-loop System, Open-loop System, Other,

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.


Natural Reservoirs, Man-made Reservoirs,

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. EDF
  2. Voith Hydro
  3. Schluchseewerk
  4. Toshiba
  5. Dongfang Electric
  6. Northland Power
  7. SinoHydro
  8. Eskom
  9. J-Power
  10. Enel

Global Pumped Hydro Storage Market Overview

Highlights of The Pumped Hydro Storage Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Closed-loop System
    2. Open-loop System
    3. Other
  1. By Application:

    1. Natural Reservoirs
    2. Man-made Reservoirs
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Pumped Hydro Storage Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Pumped Hydro Storage Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?

Pumped hydro storage is a type of energy storage that uses the power of water to store energy. When electricity is needed, water is pumped from a reservoir and sent through an underground pipeline to a turbine, where it turns the turbine and creates electricity. The stored energy can be used when thereu2019s not enough electricity available from traditional sources like coal or nuclear plants.

Some of the key players operating in the pumped hydro storage market are EDF, Voith Hydro, Schluchseewerk, Toshiba, Dongfang Electric, Northland Power, SinoHydro, Eskom, J-Power, Enel.

The pumped hydro storage market is expected to register a CAGR of 6%.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Pumped Hydro Storage Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Pumped Hydro Storage Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Pumped Hydro Storage Market - Supply Chain
   4.5. Global Pumped Hydro Storage Market Forecast
      4.5.1. Pumped Hydro Storage Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Pumped Hydro Storage Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Pumped Hydro Storage Market Absolute $ Opportunity

5. Global Pumped Hydro Storage Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Pumped Hydro Storage Market Size and Volume Forecast by Type
      5.3.1. Closed-loop System
      5.3.2. Open-loop System
      5.3.3. Other
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Pumped Hydro Storage Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Pumped Hydro Storage Market Size and Volume Forecast by Application
      6.3.1. Natural Reservoirs
      6.3.2. Man-made Reservoirs
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Pumped Hydro Storage Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Pumped Hydro Storage Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Pumped Hydro Storage Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Pumped Hydro Storage Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Pumped Hydro Storage Demand Share Forecast, 2019-2026

9. North America Pumped Hydro Storage Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Pumped Hydro Storage Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Pumped Hydro Storage Market Size and Volume Forecast by Application
      9.4.1. Natural Reservoirs
      9.4.2. Man-made Reservoirs
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Pumped Hydro Storage Market Size and Volume Forecast by Type
      9.7.1. Closed-loop System
      9.7.2. Open-loop System
      9.7.3. Other
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Pumped Hydro Storage Demand Share Forecast, 2019-2026

10. Latin America Pumped Hydro Storage Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Pumped Hydro Storage Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Pumped Hydro Storage Market Size and Volume Forecast by Application
      10.4.1. Natural Reservoirs
      10.4.2. Man-made Reservoirs
    10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Pumped Hydro Storage Market Size and Volume Forecast by Type
      10.7.1. Closed-loop System
      10.7.2. Open-loop System
      10.7.3. Other
    10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Pumped Hydro Storage Demand Share Forecast, 2019-2026

11. Europe Pumped Hydro Storage Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Pumped Hydro Storage Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Pumped Hydro Storage Market Size and Volume Forecast by Application
      11.4.1. Natural Reservoirs
      11.4.2. Man-made Reservoirs
    11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Pumped Hydro Storage Market Size and Volume Forecast by Type
      11.7.1. Closed-loop System
      11.7.2. Open-loop System
      11.7.3. Other
    11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Pumped Hydro Storage Demand Share, 2019-2026

12. Asia Pacific Pumped Hydro Storage Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Pumped Hydro Storage Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Pumped Hydro Storage Market Size and Volume Forecast by Application
      12.4.1. Natural Reservoirs
      12.4.2. Man-made Reservoirs
    12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Pumped Hydro Storage Market Size and Volume Forecast by Type
      12.7.1. Closed-loop System
      12.7.2. Open-loop System
      12.7.3. Other
    12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Pumped Hydro Storage Demand Share, 2019-2026

13. Middle East & Africa Pumped Hydro Storage Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Pumped Hydro Storage Market Size and Volume Forecast by Country
      13.2.1. Saudi Arabia
      13.2.2. South Africa
      13.2.3. UAE
      13.2.4. Rest of Middle East & Africa (MEA)
   13.3. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Pumped Hydro Storage Market Size and Volume Forecast by Application
      13.4.1. Natural Reservoirs
      13.4.2. Man-made Reservoirs
    13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Pumped Hydro Storage Market Size and Volume Forecast by Type
      13.7.1. Closed-loop System
      13.7.2. Open-loop System
      13.7.3. Other
    13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Pumped Hydro Storage Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Pumped Hydro Storage Market: Market Share Analysis
   14.2. Pumped Hydro Storage Distributors and Customers
   14.3. Pumped Hydro Storage Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. EDF Overview Financials Developments Strategic Outlook
      14.4.2. Voith Hydro Overview Financials Developments Strategic Outlook
      14.4.3. Schluchseewerk Overview Financials Developments Strategic Outlook
      14.4.4. Toshiba Overview Financials Developments Strategic Outlook
      14.4.5. Dongfang Electric Overview Financials Developments Strategic Outlook
      14.4.6. Northland Power Overview Financials Developments Strategic Outlook
      14.4.7. SinoHydro Overview Financials Developments Strategic Outlook
      14.4.8. Eskom Overview Financials Developments Strategic Outlook
      14.4.9. J-Power Overview Financials Developments Strategic Outlook
      14.4.10. Enel Overview Financials Developments Strategic Outlook
      14.4.11.  Overview Financials Developments Strategic Outlook
      14.4.12. COMPANY 12 Overview Financials Developments Strategic Outlook
      14.4.13. COMPANY 13 Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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