Below are some of the key findings from the pumped hydroelectric storage turbines market research report

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Global pumped hydroelectric storage turbines industry overview

The growing need for bulk energy storage will be one of the crucial factors triggering the pumped hydroelectric storage turbines market growth. Renewable energy resources have increased the demand for firming resources or energy storage for managing grid requirements and the intermittent nature of renewable resources. Bulk storage units like pumped hydropower storage significantly reduce the need for conventional reserve generation capacity and support the development and optimal integration of renewable energy resource. Consequently, the need for bulk energy storage is directly driving the pumped hydroelectric storage turbines market growth.

One of the critical trends in hydroelectric storage turbines market is large scale deployment of ESS in power grids. Renewable energy generation spurs the need for energy demand management, to maintain an active time gap between power generation and power maintenance. This issue is solved by the use of ESS, which can keep the generated power and supply consistent during peak demand. The pumped hydroelectric storage turbines market forecast predicts that fueled by these factors, the market will grow at a CAGR of over 5% during the forecast period.

Top pumped hydroelectric storage turbines companies covered in this market research report

The pumped hydroelectric storage turbines market is highly fragmented where competitors offer several products such as small pump turbines, pump hydro turbine, turbines and pump-turbines, hydro-turbine, small hydro turbine. The market is in the growth phase and exposed to opportunities. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this pumped hydroelectric storage turbines industry analysis report will aid clients to identify new growth opportunities and design new growth strategies.

The report offers a complete analysis of various companies including:

• ANDRITZ
• GENERAL ELECTRIC
• Hitachi Mitsubishi Hydro
• TOSHIBA
• Voith

Pumped hydroelectric storage turbines market segmentation based on geographic regions

• Americas
• APAC
• EMEA

Global pumped hydro storage turbines market analysis reveals that the EMEA and Americas regions will both account for the highest pumped hydroelectric storage turbines market growth throughout the forecast period.

Pumped hydroelectric storage turbines market segmentation based on application

• Open loop
• Closed loop

The open loop segment will continue to dominate the pumped hydroelectric storage turbines market share, while closed-loop applications will account for the highest growth in the market. Additionally, the report also provides an accurate prediction of the contribution of the various application segments to the growth of the pumped hydroelectric storage turbines market size.

Key highlights of the global pumped hydroelectric storage turbines market for the forecast years 2018-2022:

• CAGR of the market during the forecast period 2018-2022
• Detailed information on factors that will accelerate the growth of the pumped hydroelectric storage turbines market during the next five years
• Precise estimation of the global pumped hydroelectric storage turbines market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• Growth of the pumped hydroelectric storage turbines industry across the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details on the factors that will challenge the growth of pumped hydroelectric storage turbines companies

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