Global Hydro-pumped Storage Plants Market: Overview

The ever-increasing global population and the limited availability of non-renewable energy resources make it mandatory to conserve as much energy as possible and use it efficiently. Hydro-pumped storage plants are used by the power industry for the purposes of peak shaving and load balancing. These facilities store energy in the form of water in an upper reservoir, pumped from another reservoir at a lower elevation. This enables the generation of power as and when required as well as conserve it during low demand intervals.

The players in the market for hydro-pumped storage plants generate maximum revenue from the sale of power during peak loads at a premium cost, thereby balancing the load on conventional energy sources. The report observes that hydro-pumped storage plants can be harnessed better when used alongside wind energy turbines. These wind turbines pump water back into the reservoir during lean demand, resulting in the better utilization of excess generation. According to the report, the global market for hydro-pumped storage plants is to expand at a healthy CAGR during the forecast period of 2014 to 2020.

Based on technology, the global market for hydro-pumped storage can be segmented into single reversible pump turbines and separate pump and turbine generators. Recent developments in this sector are giving rise to a few new technologies such as micro hydro-pumped storage plants, seawater hydro-pumped storage plants, and underground hydro-pumped storage plants. By application, this market can be segmented on the basis of the service they provide, such as energy balancing, stability, storage capacity, and ancillary grid services.

Global Hydro-pumped Storage Plants Market: Trends and Opportunities

The report finds that the increasing demand for energy storage systems and the emergence of ancillary services are two of the primary factors that are driving the global market for hydro-pumped storage plants. It has also been noted that hydro-pumped storage is gaining traction because of the increased importance of grid stability, along with the need for load balancing and energy storage. Moreover, the requirement of alternative energy sources with black start capability, reactive power generation, and an ability to operate as a spinning reserve are other factors that augur well for the future of this market during the forecast period.

Conversely, the most prominent restraint on the hydro-pumped storage plants market, according to the report, is the requirement of large bodies of water wherever these plants are set up. Additionally, not all locations are ideal for the height variation that is required between two reservoirs for the proper functioning of hydro-pumped storage plants. However, the report finds that the requirement of height variations can be easily overcome via manmade alterations to the topography, which results in a desired size and height measurement. As the pressure mounts on electrical grids globally to cater to the ever-growing demand for energy, the demand for ancillary services is increasing.

Global Hydro-pumped Storage Plants Market: Region-wise Outlook

The earliest development of hydro-pumped storage plants occurred in the central European region, especially in the U.K., Austria, Italy, and Switzerland. As a result, Europe served as the most prominent market for these energy storage plants in 2012, followed by Asia Pacific and North America. The report rates Japan as a significant market for hydro-pumped storage in Asia Pacific region while the U.S. accounted for over 95% of the installed pumped storage hydro generating capacity in 2012, with Canada occupying the remaining. Africa is rated as a relatively nascent market but a few countries in these regions are showing promising potential for the future.

Companies Mentioned in the Research Report

Some of the prominent players in the global market for hydro-pumped storage plants are Alstom, First Hydro, Exelon, Voith, and J-Power. To present a thorough evaluation of the competitive landscape, the report provides vital details of these players such as production, capacity, price, cost, gross, and segmented revenue.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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