Global Pumped Storage Power System Market 2025 by Company, Regions, Type and Application, Forecast to 2031

Publication ID:

GIR052503814

Publication Date:

May 7, 2025

Pages:

Publisher:

GIR

Countries:

Global [1]

USD 3,480.00

Utilities [2]

General Energy [3]

Energy Trading & Marketing [4]

Energy & Utilities [5]

Description:

The global Pumped Storage Power System market size was valued at US$ 638 million in 2024 and is forecast to a readjusted size of USD 916 million by 2031 with a CAGR of 5.4% during review period.
Pumped Storage Power System is a type of hydroelectric energy storage. It is a configuration of two water reservoirs at different elevations that can generate power as water moves down from one to the other (discharge), passing through a turbine.Pumped Storage Power System provides system flexibility and makes it easy for deployment with intermittent sources such as wind and solar. There are also drawbacks associated with Pumped Storage Power System, which include its relatively lower energy density compared with some other energy storage systems.
According to statistics from Data Europa, as of 2020, the cumulative installed capacity has reached 48.38GW, and pumped hydro storage currently accounts for 94% of the European energy storage market, with Spain and Germany having the largest capacities.
This report is a detailed and comprehensive analysis for global Pumped Storage Power System market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Pumped Storage Power System market size and forecasts, in consumption value ($ Million), 2020-2031
Global Pumped Storage Power System market size and forecasts by region and country, in consumption value ($ Million), 2020-2031
Global Pumped Storage Power System market size and forecasts, by Type and by Application, in consumption value ($ Million), 2020-2031
Global Pumped Storage Power System market shares of main players, in revenue ($ Million), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Pumped Storage Power System
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Pumped Storage Power System market based on the following parameters - company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Voith, Merus, Drax Group, GE Renewable Energy, Siemens, Duke Energy, Black & Veatch, Ludington, Enel Group, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market segmentation
Pumped Storage Power System market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for Consumption Value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Large Energy Storage System (Greater Than 30MW)
Small Energy Storage System (100kw-30Mw)
Micro Energy Storage System (Less Than 100KW)
Market segment by Application
Water Storage
Power Generation
Market segment by players, this report covers
Voith
Merus
Drax Group
GE Renewable Energy
Siemens
Duke Energy
Black & Veatch
Ludington
Enel Group
Market segment by regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia and Rest of Asia-Pacific)
South America (Brazil, Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
The content of the study subjects, includes a total of 13 chapters:
Chapter 1, to describe Pumped Storage Power System product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of Pumped Storage Power System, with revenue, gross margin, and global market share of Pumped Storage Power System from 2020 to 2025.
Chapter 3, the Pumped Storage Power System competitive situation, revenue, and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Type and by Application, with consumption value and growth rate by Type, by Application, from 2020 to 2031
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2020 to 2025.and Pumped Storage Power System market forecast, by regions, by Type and by Application, with consumption value, from 2026 to 2031.
Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis.
Chapter 12, the key raw materials and key suppliers, and industry chain of Pumped Storage Power System.
Chapter 13, to describe Pumped Storage Power System research findings and conclusion.

Please Note - This is an on demand report and will be delivered in 2 business days (48 Hours) post payment.

Table Of Contents:

1 Market Overview
1.1 Product Overview and Scope
1.2 Market Estimation Caveats and Base Year
1.3 Classification of Pumped Storage Power System by Type
1.3.1 Overview: Global Pumped Storage Power System Market Size by Type: 2020 Versus 2024 Versus 2031
1.3.2 Global Pumped Storage Power System Consumption Value Market Share by Type in 2024
1.3.3 Large Energy Storage System (Greater Than 30MW)
1.3.4 Small Energy Storage System (100kw-30Mw)
1.3.5 Micro Energy Storage System (Less Than 100KW)
1.4 Global Pumped Storage Power System Market by Application
1.4.1 Overview: Global Pumped Storage Power System Market Size by Application: 2020 Versus 2024 Versus 2031
1.4.2 Water Storage
1.4.3 Power Generation
1.5 Global Pumped Storage Power System Market Size & Forecast
1.6 Global Pumped Storage Power System Market Size and Forecast by Region
1.6.1 Global Pumped Storage Power System Market Size by Region: 2020 VS 2024 VS 2031
1.6.2 Global Pumped Storage Power System Market Size by Region, (2020-2031)
1.6.3 North America Pumped Storage Power System Market Size and Prospect (2020-2031)
1.6.4 Europe Pumped Storage Power System Market Size and Prospect (2020-2031)
1.6.5 Asia-Pacific Pumped Storage Power System Market Size and Prospect (2020-2031)
1.6.6 South America Pumped Storage Power System Market Size and Prospect (2020-2031)
1.6.7 Middle East & Africa Pumped Storage Power System Market Size and Prospect (2020-2031)
2 Company Profiles
2.1 Voith
2.1.1 Voith Details
2.1.2 Voith Major Business
2.1.3 Voith Pumped Storage Power System Product and Solutions
2.1.4 Voith Pumped Storage Power System Revenue, Gross Margin and Market Share (2020-2025)
2.1.5 Voith Recent Developments and Future Plans
2.2 Merus
2.2.1 Merus Details
2.2.2 Merus Major Business
2.2.3 Merus Pumped Storage Power System Product and Solutions
2.2.4 Merus Pumped Storage Power System Revenue, Gross Margin and Market Share (2020-2025)
2.2.5 Merus Recent Developments and Future Plans
2.3 Drax Group
2.3.1 Drax Group Details
2.3.2 Drax Group Major Business
2.3.3 Drax Group Pumped Storage Power System Product and Solutions
2.3.4 Drax Group Pumped Storage Power System Revenue, Gross Margin and Market Share (2020-2025)
2.3.5 Drax Group Recent Developments and Future Plans
2.4 GE Renewable Energy
2.4.1 GE Renewable Energy Details
2.4.2 GE Renewable Energy Major Business
2.4.3 GE Renewable Energy Pumped Storage Power System Product and Solutions
2.4.4 GE Renewable Energy Pumped Storage Power System Revenue, Gross Margin and Market Share (2020-2025)
2.4.5 GE Renewable Energy Recent Developments and Future Plans
2.5 Siemens
2.5.1 Siemens Details
2.5.2 Siemens Major Business
2.5.3 Siemens Pumped Storage Power System Product and Solutions
2.5.4 Siemens Pumped Storage Power System Revenue, Gross Margin and Market Share (2020-2025)
2.5.5 Siemens Recent Developments and Future Plans
2.6 Duke Energy
2.6.1 Duke Energy Details
2.6.2 Duke Energy Major Business
2.6.3 Duke Energy Pumped Storage Power System Product and Solutions
2.6.4 Duke Energy Pumped Storage Power System Revenue, Gross Margin and Market Share (2020-2025)
2.6.5 Duke Energy Recent Developments and Future Plans
2.7 Black & Veatch
2.7.1 Black & Veatch Details
2.7.2 Black & Veatch Major Business
2.7.3 Black & Veatch Pumped Storage Power System Product and Solutions
2.7.4 Black & Veatch Pumped Storage Power System Revenue, Gross Margin and Market Share (2020-2025)
2.7.5 Black & Veatch Recent Developments and Future Plans
2.8 Ludington
2.8.1 Ludington Details
2.8.2 Ludington Major Business
2.8.3 Ludington Pumped Storage Power System Product and Solutions
2.8.4 Ludington Pumped Storage Power System Revenue, Gross Margin and Market Share (2020-2025)
2.8.5 Ludington Recent Developments and Future Plans
2.9 Enel Group
2.9.1 Enel Group Details
2.9.2 Enel Group Major Business
2.9.3 Enel Group Pumped Storage Power System Product and Solutions
2.9.4 Enel Group Pumped Storage Power System Revenue, Gross Margin and Market Share (2020-2025)
2.9.5 Enel Group Recent Developments and Future Plans
3 Market Competition, by Players
3.1 Global Pumped Storage Power System Revenue and Share by Players (2020-2025)
3.2 Market Share Analysis (2024)
3.2.1 Market Share of Pumped Storage Power System by Company Revenue
3.2.2 Top 3 Pumped Storage Power System Players Market Share in 2024
3.2.3 Top 6 Pumped Storage Power System Players Market Share in 2024
3.3 Pumped Storage Power System Market: Overall Company Footprint Analysis
3.3.1 Pumped Storage Power System Market: Region Footprint
3.3.2 Pumped Storage Power System Market: Company Product Type Footprint
3.3.3 Pumped Storage Power System Market: Company Product Application Footprint
3.4 New Market Entrants and Barriers to Market Entry
3.5 Mergers, Acquisition, Agreements, and Collaborations
4 Market Size Segment by Type
4.1 Global Pumped Storage Power System Consumption Value and Market Share by Type (2020-2025)
4.2 Global Pumped Storage Power System Market Forecast by Type (2026-2031)
5 Market Size Segment by Application
5.1 Global Pumped Storage Power System Consumption Value Market Share by Application (2020-2025)
5.2 Global Pumped Storage Power System Market Forecast by Application (2026-2031)
6 North America
6.1 North America Pumped Storage Power System Consumption Value by Type (2020-2031)
6.2 North America Pumped Storage Power System Market Size by Application (2020-2031)
6.3 North America Pumped Storage Power System Market Size by Country
6.3.1 North America Pumped Storage Power System Consumption Value by Country (2020-2031)
6.3.2 United States Pumped Storage Power System Market Size and Forecast (2020-2031)
6.3.3 Canada Pumped Storage Power System Market Size and Forecast (2020-2031)
6.3.4 Mexico Pumped Storage Power System Market Size and Forecast (2020-2031)
7 Europe
7.1 Europe Pumped Storage Power System Consumption Value by Type (2020-2031)
7.2 Europe Pumped Storage Power System Consumption Value by Application (2020-2031)
7.3 Europe Pumped Storage Power System Market Size by Country
7.3.1 Europe Pumped Storage Power System Consumption Value by Country (2020-2031)
7.3.2 Germany Pumped Storage Power System Market Size and Forecast (2020-2031)
7.3.3 France Pumped Storage Power System Market Size and Forecast (2020-2031)
7.3.4 United Kingdom Pumped Storage Power System Market Size and Forecast (2020-2031)
7.3.5 Russia Pumped Storage Power System Market Size and Forecast (2020-2031)
7.3.6 Italy Pumped Storage Power System Market Size and Forecast (2020-2031)
8 Asia-Pacific
8.1 Asia-Pacific Pumped Storage Power System Consumption Value by Type (2020-2031)
8.2 Asia-Pacific Pumped Storage Power System Consumption Value by Application (2020-2031)
8.3 Asia-Pacific Pumped Storage Power System Market Size by Region
8.3.1 Asia-Pacific Pumped Storage Power System Consumption Value by Region (2020-2031)
8.3.2 China Pumped Storage Power System Market Size and Forecast (2020-2031)
8.3.3 Japan Pumped Storage Power System Market Size and Forecast (2020-2031)
8.3.4 South Korea Pumped Storage Power System Market Size and Forecast (2020-2031)
8.3.5 India Pumped Storage Power System Market Size and Forecast (2020-2031)
8.3.6 Southeast Asia Pumped Storage Power System Market Size and Forecast (2020-2031)
8.3.7 Australia Pumped Storage Power System Market Size and Forecast (2020-2031)
9 South America
9.1 South America Pumped Storage Power System Consumption Value by Type (2020-2031)
9.2 South America Pumped Storage Power System Consumption Value by Application (2020-2031)
9.3 South America Pumped Storage Power System Market Size by Country
9.3.1 South America Pumped Storage Power System Consumption Value by Country (2020-2031)
9.3.2 Brazil Pumped Storage Power System Market Size and Forecast (2020-2031)
9.3.3 Argentina Pumped Storage Power System Market Size and Forecast (2020-2031)
10 Middle East & Africa
10.1 Middle East & Africa Pumped Storage Power System Consumption Value by Type (2020-2031)
10.2 Middle East & Africa Pumped Storage Power System Consumption Value by Application (2020-2031)
10.3 Middle East & Africa Pumped Storage Power System Market Size by Country
10.3.1 Middle East & Africa Pumped Storage Power System Consumption Value by Country (2020-2031)
10.3.2 Turkey Pumped Storage Power System Market Size and Forecast (2020-2031)
10.3.3 Saudi Arabia Pumped Storage Power System Market Size and Forecast (2020-2031)
10.3.4 UAE Pumped Storage Power System Market Size and Forecast (2020-2031)
11 Market Dynamics
11.1 Pumped Storage Power System Market Drivers
11.2 Pumped Storage Power System Market Restraints
11.3 Pumped Storage Power System Trends Analysis
11.4 Porters Five Forces Analysis
11.4.1 Threat of New Entrants
11.4.2 Bargaining Power of Suppliers
11.4.3 Bargaining Power of Buyers
11.4.4 Threat of Substitutes
11.4.5 Competitive Rivalry
12 Industry Chain Analysis
12.1 Pumped Storage Power System Industry Chain
12.2 Pumped Storage Power System Upstream Analysis
12.3 Pumped Storage Power System Midstream Analysis
12.4 Pumped Storage Power System Downstream Analysis
13 Research Findings and Conclusion
14 Appendix
14.1 Methodology
14.2 Research Process and Data Source
14.3 Disclaimer

Companies Mentioned:

Voith
Merus
Drax Group
GE Renewable Energy
Siemens
Duke Energy
Black & Veatch
Ludington
Enel Group

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