Home > Energy & Power > Energy Storage Systems > Pumped Hydro Storage > Pumped Hydro Storage Market

Pumped Hydro Storage Market Share

Report ID: GMI2019
Published Date: Jun 2024
Report Format: PDF

Download Free Sample

Pumped Hydro Storage Market Share

Pumped Hydro Storage Company Market Share Analysis, 2023

General Electric is one of the global leaders in the energy sector offering innovative solutions for pumped hydro storage systems. These systems which are essential for energy storage and grid stability use the gravitational potential energy of water stored in elevated reservoirs to generate electricity during peak demand periods. Its advanced technology in this domain includes high-efficiency turbines and generators, comprehensive grid integration solutions, and sophisticated control systems that optimize performance and reliability.

Moreover, with decades of experience and a strong commitment to sustainability, the company's pumped hydro storage solutions help utilities enhance grid resilience, support renewable energy integration, and reduce carbon emissions, making them a pivotal player in the transition to a cleaner, more efficient energy landscape.

Pumped Hydro Storage Market Companies

The key industry players include:

Absaroka Energy, LLC
ANDRITZ
EDF
Enel Spa
Eskom Holdings SOC Ltd.
General Electric
Genex Power
Greenko Group
J-POWER
Litostroj Power
Mitsubishi Heavy Industries, Ltd.
Nevada Hydro Corporation
Northland Power, Inc.
Obermeyer Hydro, Inc.
RusHydro
Schluchseewerk AG
Sinohydro Corporation
Tata Power
Toshiba Energy System & Solutions Corporation
Voith GmbH & Co. KGaA

Authors: Ankit Gupta, Abhishek Chopra

Frequently Asked Questions (FAQ) :

The market size of pumped hydro storage was reached USD 349 billion in 2023 and will grow at 11.8% CAGR through 2032, driven by the rising renewable energy integration coupled with surging need for reliable energy storage solutions.

The open loop systems segment of the pumped hydro storage market will exceed USD 600 billion by 2032, owing to its lower environmental impact and ability to support large-scale renewable integration.

Asia Pacific pumped hydro storage market is set to surpass USD 500 billion by 2032, attributed to increasing investments in energy infrastructure including transmission networks and smart grid projects.

Absaroka, Energy, LLC, ANDRITZ, EDF, Enel Spa, Eskom Holdings SOC Ltd., General Electric, Genex Power, Greenko Group, J-POWER, Litostroj Power, Mitsubishi Heavy Industries, Ltd., Nevada Hydro Corporation, and Northland Power, Inc. among others.