Pumped Hydro Storage Market | Global Market Analysis Report
The pumped hydro storage market is projected to grow from USD 436.2 billion in 2025 to USD 1,330.8 billion by 2035, at a CAGR of 11.8%. Closed Loop will dominate with a
The Pumped Hydro Storage Market is growing at a CAGR of 5.87% over the next 5 years. Siemens AG, Enel SpA, Duke Energy Co., Voith GmbH & Co. KGaA, General Electric Company are the major companies operating in Pumped Hydro Storage Market.
The electricity utilities segment is estimated to hold 40% share of the global pumped hydro storage market in the coming years owing to the growing capacity of pumped hydro storage for producing more electricity.
Besides China's mid- and long-term plans for pumped storage hydropower development, published in September 2021, it set out ambitious targets to reach a total installed capacity of at least 62 MW by 2025 and 120 GW by 2030.
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