Pumped Hydro Storage (PHS) Market Size, Share & Industry Analysis, By Type (Open Loop and Closed Loop), By Capacity (Below 500 MW, 500-1000 MW, and Above 1000 MW), and Regional Forecast, 2026-2034

Last Updated: January 19, 2026 | Format: PDF | Report ID: FBI110680

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Table of Content

Introduction
1. Research Scope
2. Market Segmentation
3. Research Methodology
4. Definitions & Assumptions
Executive Summary
Market Dynamics
1. Market Drivers
2. Market Restraints
3. Market Opportunities
Key Insights
1. Key Emerging Trends – For Major Countries
2. Latest Technological Advancement
3. Insight on Regulatory Landscape
4. Porters Five Forces Analysis
5. Impact of COVID-19 on the Pumped Hydro Storage Market
Global Pumped Hydro Storage Market (USD Billion & GW) Analysis, Insights, and Forecast, 2021-2034
1. Key Findings
2. Market Analysis, Insights, and Forecast – By Type
  1. Open Loop
  2. Closed Loop
3. Market Analysis, Insights, and Forecast – By Capacity
  1. Below 500 MW
  2. 500-1000MW
  3. Above 1000 MW
4. Market Analysis, Insights, and Forecast – By Region
  1. North America
  2. Europe
  3. Asia Pacific
  4. Latin America
  5. Middle East and Africa
North America Pumped Hydro Storage Market (USD Billion & GW) Analysis, Insights, and Forecast, 2021-2034
1. Key Findings
2. Market Analysis, Insights, and Forecast – By Type
  1. Open Loop
  2. Closed Loop
3. Market Analysis, Insights, and Forecast – By Capacity
  1. Below 500 MW
  2. 500-1000MW
  3. Above 1000 MW
4. Market Analysis, Insights, and Forecast – By Country
  1. U.S.
  2. Canada
Europe Pumped Hydro Storage Market (USD Billion & GW) Analysis, Insights, and Forecast, 2021-2034
1. Key Findings
2. Market Analysis, Insights, and Forecast – By Type
  1. Open Loop
  2. Closed Loop
3. Market Analysis, Insights, and Forecast – By Capacity
  1. Below 500 MW
  2. 500-1000MW
  3. Above 1000 MW
4. Market Analysis, Insights, and Forecast – By Country
  1. UK
  2. Germany
  3. France
  4. Italy
  5. Spain
  6. Switzerland
  7. Austria
  8. Russia
  9. Rest of Europe
Asia Pacific Pumped Hydro Storage Market (USD Billion & GW) Analysis, Insights, and Forecast, 2021-2034
1. Key Findings
2. Market Analysis, Insights, and Forecast – By Type
  1. Open Loop
  2. Closed Loop
3. Market Analysis, Insights, and Forecast – By Capacity
  1. Below 500 MW
  2. 500-1000MW
  3. Above 1000 MW
4. Market Analysis, Insights, and Forecast – By Country
  1. China
  2. India
  3. Japan
  4. Australia
  5. South Korea
  6. Rest of Asia Pacific
Latin America Pumped Hydro Storage Market (USD Billion & GW) Analysis, Insights, and Forecast, 2021-2034
1. Key Findings
2. Market Analysis, Insights, and Forecast – By Type
  1. Open Loop
  2. Closed Loop
3. Market Analysis, Insights, and Forecast – By Capacity
  1. Below 500 MW
  2. 500-1000MW
  3. Above 1000 MW
4. Market Analysis, Insights, and Forecast – By Country
  1. Brazil
  2. Argentina
  3. Rest of Latin America
Middle East and Africa Pumped Hydro Storage Market (USD Billion & GW) Analysis, Insights, and Forecast, 2021-2034
1. Key Findings
2. Market Analysis, Insights, and Forecast – By Type
  1. Open Loop
  2. Closed Loop
3. Market Analysis, Insights, and Forecast – By Capacity
  1. Below 500 MW
  2. 500-1000MW
  3. Above 1000 MW
4. Market Analysis, Insights, and Forecast – By Country
  1. South Africa
  2. Iran
  3. Rest of Middle East & Africa
Competitive Analysis
1. Company Market Share Analysis, 2025
2. Company Profile
  1. ANDRITZ AG
    1. Business Overview
    2. Product and Service Offerings
    3. Recent Developments
    4. Financials (Based on Availability)
  2. Siemens AG
    1. Business Overview
    2. Product and Service Offerings
    3. Recent Developments
    4. Financials (Based on Availability)
  3. Enel SpA
    1. Business Overview
    2. Product and Service Offerings
    3. Recent Developments
    4. Financials (Based on Availability)
  4. Duke Energy Co.
    1. Business Overview
    2. Product and Service Offerings
    3. Recent Developments
    4. Financials (Based on Availability)
  5. Voith GmbH & Co. KGaA
    1. Business Overview
    2. Product and Service Offerings
    3. Recent Developments
    4. Financials (Based on Availability)
  6. GE Vernova
    1. Business Overview
    2. Product and Service Offerings
    3. Recent Developments
    4. Financials (Based on Availability)
  7. Power Construction Corporation of China
    1. Business Overview
    2. Product and Service Offerings
    3. Recent Developments
    4. Financials (Based on Availability)
  8. Torrent Power
    1. Business Overview
    2. Product and Service Offerings
    3. Recent Developments
    4. Financials (Based on Availability)
  9. ITC Holdings
    1. Business Overview
    2. Product and Service Offerings
    3. Recent Developments
    4. Financials (Based on Availability)
  10. NextEra Energy, Inc.
    1. Business Overview
    2. Product and Service Offerings
    3. Recent Developments
    4. Financials (Based on Availability)
  11. China Energy Engineering Corporation
    1. Business Overview
    2. Product and Service Offerings
    3. Recent Developments
    4. Financials (Based on Availability)

Introduction
1. Research Scope
2. Market Segmentation
3. Research Methodology
4. Definitions & Assumptions
Executive Summary
Market Dynamics
1. Market Drivers
2. Market Restraints
3. Market Opportunities
Key Insights
1. Key Emerging Trends – For Major Countries
2. Latest Technological Advancement
3. Insight on Regulatory Landscape
4. Porters Five Forces Analysis
5. Impact of COVID-19 on the Pumped Hydro Storage Market
Global Pumped Hydro Storage Market (USD Billion & GW) Analysis, Insights, and Forecast, 2021-2034
1. Key Findings
2. Market Analysis, Insights, and Forecast – By Type
  1. Open Loop
  2. Closed Loop
3. Market Analysis, Insights, and Forecast – By Capacity
  1. Below 500 MW
  2. 500-1000MW
  3. Above 1000 MW
4. Market Analysis, Insights, and Forecast – By Region
  1. North America
  2. Europe
  3. Asia Pacific
  4. Latin America
  5. Middle East and Africa
North America Pumped Hydro Storage Market (USD Billion & GW) Analysis, Insights, and Forecast, 2021-2034
1. Key Findings
2. Market Analysis, Insights, and Forecast – By Type
  1. Open Loop
  2. Closed Loop
3. Market Analysis, Insights, and Forecast – By Capacity
  1. Below 500 MW
  2. 500-1000MW
  3. Above 1000 MW
4. Market Analysis, Insights, and Forecast – By Country
  1. U.S.
  2. Canada
Europe Pumped Hydro Storage Market (USD Billion & GW) Analysis, Insights, and Forecast, 2021-2034
1. Key Findings
2. Market Analysis, Insights, and Forecast – By Type
  1. Open Loop
  2. Closed Loop
3. Market Analysis, Insights, and Forecast – By Capacity
  1. Below 500 MW
  2. 500-1000MW
  3. Above 1000 MW
4. Market Analysis, Insights, and Forecast – By Country
  1. UK
  2. Germany
  3. France
  4. Italy
  5. Spain
  6. Switzerland
  7. Austria
  8. Russia
  9. Rest of Europe
Asia Pacific Pumped Hydro Storage Market (USD Billion & GW) Analysis, Insights, and Forecast, 2021-2034
1. Key Findings
2. Market Analysis, Insights, and Forecast – By Type
  1. Open Loop
  2. Closed Loop
3. Market Analysis, Insights, and Forecast – By Capacity
  1. Below 500 MW
  2. 500-1000MW
  3. Above 1000 MW
4. Market Analysis, Insights, and Forecast – By Country
  1. China
  2. India
  3. Japan
  4. Australia
  5. South Korea
  6. Rest of Asia Pacific
Latin America Pumped Hydro Storage Market (USD Billion & GW) Analysis, Insights, and Forecast, 2021-2034
1. Key Findings
2. Market Analysis, Insights, and Forecast – By Type
  1. Open Loop
  2. Closed Loop
3. Market Analysis, Insights, and Forecast – By Capacity
  1. Below 500 MW
  2. 500-1000MW
  3. Above 1000 MW
4. Market Analysis, Insights, and Forecast – By Country
  1. Brazil
  2. Argentina
  3. Rest of Latin America
Middle East and Africa Pumped Hydro Storage Market (USD Billion & GW) Analysis, Insights, and Forecast, 2021-2034
1. Key Findings
2. Market Analysis, Insights, and Forecast – By Type
  1. Open Loop
  2. Closed Loop
3. Market Analysis, Insights, and Forecast – By Capacity
  1. Below 500 MW
  2. 500-1000MW
  3. Above 1000 MW
4. Market Analysis, Insights, and Forecast – By Country
  1. South Africa
  2. Iran
  3. Rest of Middle East & Africa
Competitive Analysis
1. Company Market Share Analysis, 2025
2. Company Profile
  1. ANDRITZ AG
    1. Business Overview
    2. Product and Service Offerings
    3. Recent Developments
    4. Financials (Based on Availability)
  2. Siemens AG
    1. Business Overview
    2. Product and Service Offerings
    3. Recent Developments
    4. Financials (Based on Availability)
  3. Enel SpA
    1. Business Overview
    2. Product and Service Offerings
    3. Recent Developments
    4. Financials (Based on Availability)
  4. Duke Energy Co.
    1. Business Overview
    2. Product and Service Offerings
    3. Recent Developments
    4. Financials (Based on Availability)
  5. Voith GmbH & Co. KGaA
    1. Business Overview
    2. Product and Service Offerings
    3. Recent Developments
    4. Financials (Based on Availability)
  6. GE Vernova
    1. Business Overview
    2. Product and Service Offerings
    3. Recent Developments
    4. Financials (Based on Availability)
  7. Power Construction Corporation of China
    1. Business Overview
    2. Product and Service Offerings
    3. Recent Developments
    4. Financials (Based on Availability)
  8. Torrent Power
    1. Business Overview
    2. Product and Service Offerings
    3. Recent Developments
    4. Financials (Based on Availability)
  9. ITC Holdings
    1. Business Overview
    2. Product and Service Offerings
    3. Recent Developments
    4. Financials (Based on Availability)
  10. NextEra Energy, Inc.
    1. Business Overview
    2. Product and Service Offerings
    3. Recent Developments
    4. Financials (Based on Availability)
  11. China Energy Engineering Corporation
    1. Business Overview
    2. Product and Service Offerings
    3. Recent Developments
    4. Financials (Based on Availability)

Read Less

List of Figures

Figure 1: Global Pumped Hydro Storage Market Revenue Breakdown (USD Billion, %) by Region, 2025 & 2034

Figure 2: Global Pumped Hydro Storage Market Value Share (%), By Type, 2025 & 2034

Figure 3: Global Pumped Hydro Storage Market Forecast (USD Billion), by Open Loop, 2021-2034

Figure 4: Global Pumped Hydro Storage Market Forecast (USD Billion), by Closed Loop, 2021-2034

Figure 5: Global Pumped Hydro Storage Market Value Share (%), By Capacity, 2025 & 2034

Figure 6: Global Pumped Hydro Storage Market Forecast (USD Billion), by Below 500 MW, 2021-2034

Figure 7: Global Pumped Hydro Storage Market Forecast (USD Billion), by 500-1000MW, 2021-2034

Figure 8: Global Pumped Hydro Storage Market Forecast (USD Billion), by Above 1000 MW, 2021-2034

Figure 9: Global Pumped Hydro Storage Market Value (USD Billion), by Region, 2025 & 2034

Figure 10: Global Pumped Hydro Storage Market Value Share (%), by Region, 2025

Figure 11: North America Pumped Hydro Storage Market Value Share (%), By Type, 2025 & 2034

Figure 12: North America Pumped Hydro Storage Market Forecast (USD Billion), by Open Loop, 2021-2034

Figure 13: North America Pumped Hydro Storage Market Forecast (USD Billion), by Closed Loop, 2021-2034

Figure 14: North America Pumped Hydro Storage Market Value Share (%), By Capacity, 2025 & 2034

Figure 15: North America Pumped Hydro Storage Market Forecast (USD Billion), by Below 500 MW, 2021-2034

Figure 16: North America Pumped Hydro Storage Market Forecast (USD Billion), by 500-1000MW, 2021-2034

Figure 17: North America Pumped Hydro Storage Market Forecast (USD Billion), by Above 1000 MW, 2021-2034

Figure 18: North America Pumped Hydro Storage Market Value (USD Billion), by Country, 2025 & 2034

Figure 19: North America Pumped Hydro Storage Market Value Share (%), by Country, 2025

Figure 20: Europe Pumped Hydro Storage Market Value Share (%), By Type, 2025 & 2034

Figure 21: Europe Pumped Hydro Storage Market Forecast (USD Billion), by Open Loop, 2021-2034

Figure 22: Europe Pumped Hydro Storage Market Forecast (USD Billion), by Closed Loop, 2021-2034

Figure 23: Europe Pumped Hydro Storage Market Value Share (%), By Capacity, 2025 & 2034

Figure 24: Europe Pumped Hydro Storage Market Forecast (USD Billion), by Below 500 MW, 2021-2034

Figure 25: Europe Pumped Hydro Storage Market Forecast (USD Billion), by 500-1000MW, 2021-2034

Figure 26: Europe Pumped Hydro Storage Market Forecast (USD Billion), by Above 1000 MW, 2021-2034

Figure 27: Europe Pumped Hydro Storage Market Value (USD Billion), by Country, 2025 & 2034

Figure 28: Europe Pumped Hydro Storage Market Value Share (%), by Country, 2025

Figure 29: Asia Pacific Pumped Hydro Storage Market Value Share (%), By Type, 2025 & 2034

Figure 30: Asia Pacific Pumped Hydro Storage Market Forecast (USD Billion), by Open Loop, 2021-2034

Figure 31: Asia Pacific Pumped Hydro Storage Market Forecast (USD Billion), by Closed Loop, 2021-2034

Figure 32: Asia Pacific Pumped Hydro Storage Market Value Share (%), By Capacity, 2025 & 2034

Figure 33: Asia Pacific Pumped Hydro Storage Market Forecast (USD Billion), by Below 500 MW, 2021-2034

Figure 34: Asia Pacific Pumped Hydro Storage Market Forecast (USD Billion), by 500-1000MW, 2021-2034

Figure 35: Asia Pacific Pumped Hydro Storage Market Forecast (USD Billion), by Above 1000 MW, 2021-2034

Figure 36: Asia Pacific Pumped Hydro Storage Market Value (USD Billion), by Country, 2025 & 2034

Figure 37: Asia Pacific Pumped Hydro Storage Market Value Share (%), by Country, 2025

Figure 38: Latin America Pumped Hydro Storage Market Value Share (%), By Type, 2025 & 2034

Figure 39: Latin America Pumped Hydro Storage Market Forecast (USD Billion), by Open Loop, 2021-2034

Figure 40: Latin America Pumped Hydro Storage Market Forecast (USD Billion), by Closed Loop, 2021-2034

Figure 41: Latin America Pumped Hydro Storage Market Value Share (%), By Capacity, 2025 & 2034

Figure 42: Latin America Pumped Hydro Storage Market Forecast (USD Billion), by Below 500 MW, 2021-2034

Figure 43: Latin America Pumped Hydro Storage Market Forecast (USD Billion), by 500-1000MW, 2021-2034

Figure 44: Latin America Pumped Hydro Storage Market Forecast (USD Billion), by Above 1000 MW, 2021-2034

Figure 45: Latin America Pumped Hydro Storage Market Value (USD Billion), by Country, 2025 & 2034

Figure 46: Latin America Pumped Hydro Storage Market Value Share (%), by Country, 2025

Figure 47: Middle East & Africa Pumped Hydro Storage Market Value Share (%), By Type, 2025 & 2034

Figure 48: Middle East & Africa Pumped Hydro Storage Market Forecast (USD Billion), by Open Loop, 2021-2034

Figure 49: Middle East & Africa Pumped Hydro Storage Market Forecast (USD Billion), by Closed Loop, 2021-2034

Figure 50: Middle East & Africa Pumped Hydro Storage Market Value Share (%), By Capacity, 2025 & 2034

Figure 51: Middle East & Africa Pumped Hydro Storage Market Forecast (USD Billion), by Below 500 MW, 2021-2034

Figure 52: Middle East & Africa Pumped Hydro Storage Market Forecast (USD Billion), by 500-1000MW, 2021-2034

Figure 53: Middle East & Africa Pumped Hydro Storage Market Forecast (USD Billion), by Above 1000 MW, 2021-2034

Figure 54: Middle East & Africa Pumped Hydro Storage Market Value (USD Billion), by Country, 2025 & 2034

Figure 55: Middle East & Africa Pumped Hydro Storage Market Value Share (%), by Country, 2025

Figure 56: Company Market Share Analysis (%), 2025

List of Tables

Table 1: Global Pumped Hydro Storage Market Revenue (USD Billion) Forecast, by Type, 2021-2034

Table 2: Global Pumped Hydro Storage Market Revenue Volume (GW) Forecast, by Type, 2021-2034

Table 3: Global Pumped Hydro Storage Market Revenue (USD Billion) Forecast, by Capacity, 2021-2034

Table 4: Global Pumped Hydro Storage Market Volume (GW) Forecast, by Capacity, 2021-2034

Table 5: Global Pumped Hydro Storage Market Revenue (USD Billion) Forecast, by Region, 2021-2034

Table 6: Global Pumped Hydro Storage Market Volume (GW) Forecast, by Region, 2021-2034

Table 7: North America Pumped Hydro Storage Market Revenue (USD Billion) Forecast, by Type, 2021-2034

Table 8: North America Pumped Hydro Storage Market Revenue Volume (GW) Forecast, by Type, 2021-2034

Table 9: North America Pumped Hydro Storage Market Revenue (USD Billion) Forecast, by Capacity, 2021-2034

Table 10: North America Pumped Hydro Storage Market Volume (GW) Forecast, by Capacity, 2021-2034

Table 11: North America Pumped Hydro Storage Market Revenue (USD Billion) Forecast, by Country, 2021-2034

Table 12: North America Pumped Hydro Storage Market Volume (GW) Forecast, by Country, 2021-2034

Table 13: Europe Pumped Hydro Storage Market Revenue (USD Billion) Forecast, by Type, 2021-2034

Table 14: Europe Pumped Hydro Storage Market Revenue Volume (GW) Forecast, by Type, 2021-2034

Table 15: Europe Pumped Hydro Storage Market Revenue (USD Billion) Forecast, by Capacity, 2021-2034

Table 16: Europe Pumped Hydro Storage Market Volume (GW) Forecast, by Capacity, 2021-2034

Table 17: Europe Pumped Hydro Storage Market Revenue (USD Billion) Forecast, by Country, 2021-2034

Table 18: Europe Pumped Hydro Storage Market Volume (GW) Forecast, by Country, 2021-2034

Table 19: Asia Pacific Pumped Hydro Storage Market Revenue (USD Billion) Forecast, by Type, 2021-2034

Table 20: Asia Pacific Pumped Hydro Storage Market Revenue Volume (GW) Forecast, by Type, 2021-2034

Table 21: Asia Pacific Pumped Hydro Storage Market Revenue (USD Billion) Forecast, by Capacity, 2021-2034

Table 22: Asia Pacific Pumped Hydro Storage Market Volume (GW) Forecast, by Capacity, 2021-2034

Table 23: Asia Pacific Pumped Hydro Storage Market Revenue (USD Billion) Forecast, by Country, 2021-2034

Table 24: Asia Pacific Pumped Hydro Storage Market Volume (GW) Forecast, by Country, 2021-2034

Table 25: South Africa Pumped Hydro Storage Market Revenue (USD Billion) Forecast, by Type, 2021-2034

Table 26: South Africa Pumped Hydro Storage Market Revenue Volume (GW) Forecast, by Type, 2021-2034

Table 27: Latin America Pumped Hydro Storage Market Revenue (USD Billion) Forecast, by Capacity, 2021-2034

Table 28: Latin America Pumped Hydro Storage Market Volume (GW) Forecast, by Capacity, 2021-2034

Table 29: Latin America Pumped Hydro Storage Market Revenue (USD Billion) Forecast, by Country, 2021-2034

Table 30: Latin America Pumped Hydro Storage Market Volume (GW) Forecast, by Country, 2021-2034

Table 31: Middle East & Africa Pumped Hydro Storage Market Revenue (USD Billion) Forecast, by Type, 2021-2034

Table 32: Middle East & Africa Pumped Hydro Storage Market Revenue Volume (GW) Forecast, by Type, 2021-2034

Table 33: Middle East & Africa Pumped Hydro Storage Market Revenue (USD Billion) Forecast, by Capacity, 2021-2034

Table 34: Middle East & Africa Pumped Hydro Storage Market Volume (GW) Forecast, by Capacity, 2021-2034

Table 35: Middle East & Africa Pumped Hydro Storage Market Revenue (USD Billion) Forecast, by Country, 2021-2034

Table 36: Middle East & Africa Pumped Hydro Storage Market Volume (GW) Forecast, by Country, 2021-2034

STUDY PERIOD: 2021-2034
BASE YEAR: 2025
HISTORICAL DATA: 2021-2024
NO OF PAGES: 210

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