x

Global Pumped Hydro Storage Market to Soar at a CAGR of 4.4% by 2026 as Reduction of Carbon Footprints Gains Momentum

Author: QYResearch  |   Published Date: 2020-02-10   |   Views: 101



Los Angeles, February 10, 2020 -Global pumped hydro storage market is expected to rise in demand during the forecast period as it provides the most reliable and competitive way of storing electricity. QY Research has recently published a report titled “Global Pumped Hydro Storage Market Size, Status and Forecast 2020-2026”. The report lays out the factors that determine the growth opportunities in the global market. According to the report, the global pumped hydro storage market is expected to reach US$247000 mn by 2026 from US$183000 mn in 2019, registering a CAGR of 4.4%.


Global Pumped Hydro Storage Market.jpg

 

Get PDF sample copy of the report athttps://www.qyresearch.com/sample-form/form/1493967/global-pumped-hydro-storage-market 

 

Demand for Increased Electricity to Boost the Pumped Hydro Storage Market

 

Soaring demand for electricity generation is expected to create a massive demand for reliable electric power system across the globe. The conventional technologies such as gas-fired and hydropower combustion turbines have limited ability to deliver whereas, pumped hydro storage is commercially and technologically proven to be provide better output. The demand for sustainable energy is rising as demand for power is increasing with rise in population. The demand for bulk storage is also rising to satisfy the existing demands. Government bodies are implementing stringent regulations and investing to improve and expand micro grid network. The plans of government bodies to work towards emission reduction by integrating renewable energy technologies will bring opportunities in the global market.

 

The market will further witness rise in demand due to energy efficient compliance and labelling plans along with innovations for developing technologically-advanced systems.

 

Continuous Water Access to Boost Open Loop Pumped Hydro Storage Segment

 

Open loop pumped hydro storage is expected to rise in demand during the forecast period as it will be directly and continuously connected with natural flowing water resources thus, making the access easier.

 

Technologically-developed North America to Lead the Global Market

 

North America is expected to lead the global market as this region is technologically advanced and has extensive investment for development of microgrid network with integration of advanced generation technology. This region also has promising regulatory measures such as water programs, subsidies, incentives, and fiscal & asset leveraging schemes that will be favourable for market growth.

 

Manufacturers of equipment sector play a pivotal role in value chain as it determines the overall price of PHS systems thus, these companies are engaging in research and development activities to design efficient and improved systems.

 

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


About Us:

QY Research established in 2007, focus on custom research, management consulting, IPO consulting, industry chain research, data base and seminar services. The company owned a large basic data base (such as National Bureau of statistics database, Customs import and export database, Industry Association Database etc), expert’s resources (included energy automotive chemical medical ICT consumer goods etc.


Contact US

QY Research, INC.

17890 Castleton, Suite 218,

Los Angeles, CA – 91748

USA: +1 626 428 8800

China: +86 1082 945 717

Japan: +81 9038 009 273

India: +91 9766 478 224

Emails – enquiry@qyresearch.com

QYR Clients

  • csl
  • croozer
  • crital alert
  • cristal
  • corveneng
  • coperion
  • contijpi medical
  • compass minerals
  • compass minerals
  • compass minerals
  • compass minerals
  • compass minerals
  • compass minerals
  • compass minerals
  • compass minerals
  • compass minerals
  • compass minerals
  • compass minerals
  • compass minerals
  • compass minerals
More Clients...