The report offers detailed coverage of Hydro-Pumped Storage Plants industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Hydro-Pumped Storage Plants by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
Hydro-pumped Storage is an altered use of conventional hydropower technology to store and manage energy. Hydro pumped storage projects store electricity by circulating water between an upper and lower reservoir. The electric energy is converted to potential energy and stored in the form of water at an upper elevation. Pumping the water uphill for temporary storage recharges the battery and during periods of high electricity demand the stored water is released back through the turbines and converted back to electricity like a conventional hydropower station.
The increasing demand for energy storage systems and the emergence of ancillary services are two of the primary factors that are driving
The report forecast global Hydro-Pumped Storage Plants market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2020-2025.
First, this report covers the present status and the future prospects of the global Hydro-Pumped Storage Plants market for 2015-2025.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].
Key Companies
ABB
Alstom
Gugler
Voith hydro
Hong Kong Pumped Storage Development Company Limited
Sulzer
Toshiba Corp
Tractebel Engineering
By the product type, the market is primarily split into
Single Reversible Pump Turbines
Separate Pump
Turbine Generators
By the end users/application, this report covers the following segments
Energy Balancing
Stability
Storage Capacity
Ancillary Grid Services
At the same time, we classify Hydro-Pumped Storage Plants according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
Market Segment as follows:
By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Hydro-Pumped Storage Plants market for the forecast period 2020 - 2025?
• What are the driving forces in the Hydro-Pumped Storage Plants market for the forecast period 2020 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Hydro-Pumped Storage Plants industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?