Pumped Hydro Storage Market set to hit $16.8 billion by 2035


Posted June 30, 2025 by Datastring

Industry revenue for Pumped Hydro Storage is estimated to rise to $16.8 billion by 2035 from $8.4 billion of 2024. The revenue growth of market players is expected to average at 6.5% annually for the period 2024 to 2035.

 
Pumped Hydro Storage is critical across several key applications including grid storage, peak shaving, load balancing and backup power. The report unwinds growth & revenue expansion opportunities at Pumped Hydro Storage’s Technology Type, End-User Applications, Capacity and Pump Type including industry revenue forecast.

Industry Leadership and Competitive Landscape

The Pumped Hydro Storage market is characterized by intense competition, with a number of leading players such as ABB Ltd, EDF, Alstom, Siemens, Toshiba, Voith, SONGZ, Hitachi, Andritz Hydro, IMPSA, HERA Hydroelectric and Schluchseewerk AG.
The Pumped Hydro Storage market is projected to expand substantially, driven by shift towards renewable energy and increasing grid stabilization needs. This growth is expected to be further supported by Industry trends like Technological Advancements and Cost-effectiveness.

Moreover, the key opportunities, such as advancements in pumped hydro storage technology, untapped market segments in developing nations and strategic collaboration for enhanced capacity, are anticipated to create revenue pockets in major demand hubs including China, U.S., Japan, Australia and Italy.

Regional Shifts and Evolving Eco Systems

North America and Asia-Pacific are the two most active and leading regions in the market. With challenges like high capital costs and geographical constraints, Pumped Hydro Storage market’s eco system from resource acquisition / component manufacturing / system integration to installation & maintenance is expected to evolve & expand further; and industry players will make strategic advancement in emerging markets including India, Brazil and South Africa for revenue diversification and TAM expansion.

𝐃𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 - 𝐡𝐭𝐭𝐩𝐬://𝐝𝐚𝐭𝐚𝐬𝐭𝐫𝐢𝐧𝐠𝐜𝐨𝐧𝐬𝐮𝐥𝐭𝐢𝐧𝐠.𝐜𝐨𝐦/𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲-𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬/𝐩𝐮𝐦𝐩𝐞𝐝-𝐡𝐲𝐝𝐫𝐨-𝐬𝐭𝐨𝐫𝐚𝐠𝐞-𝐦𝐚𝐫𝐤𝐞𝐭-𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡-𝐫𝐞𝐩𝐨𝐫𝐭

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 - 𝐡𝐭𝐭𝐩𝐬://𝐝𝐚𝐭𝐚𝐬𝐭𝐫𝐢𝐧𝐠𝐜𝐨𝐧𝐬𝐮𝐥𝐭𝐢𝐧𝐠.𝐜𝐨𝐦/𝐝𝐨𝐰𝐧𝐥𝐨𝐚𝐝𝐬𝐚𝐦𝐩𝐥𝐞/𝐩𝐮𝐦𝐩𝐞𝐝-𝐡𝐲𝐝𝐫𝐨-𝐬𝐭𝐨𝐫𝐚𝐠𝐞-𝐦𝐚𝐫𝐤𝐞𝐭-𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡-𝐫𝐞𝐩𝐨𝐫𝐭

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Last Updated June 30, 2025