Asia-Pacific Pumped Hydro Storage Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers the Asia-Pacific Pumped Hydro Storage Market Size and Share, and It is Segmented by Type (Open Loop and Closed Loop) and Geography (China, South Korea, India, Japan, and the Rest of Asia-Pacific). The Report Offers the Market Size and Forecasts for the Asia-Pacific Pumped Hydro Storage Market in Terms of Installed Capacity for all the Above Segments.

Asia-Pacific Pumped Hydro Storage Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Asia-Pacific Pumped Hydro Storage Market Size

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Asia-Pacific Pumped Hydro Storage Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Volume (2025) 85.85 gigawatt
Market Volume (2030) 108.02 gigawatt
CAGR 4.70 %
Market Concentration Low

Major Players

Asia-Pacific Pumped Hydro Storage Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Asia-Pacific Pumped Hydro Storage Market Analysis

The Asia-Pacific Pumped Hydro Storage Market size in terms of installed base is expected to grow from 85.85 gigawatt in 2025 to 108.02 gigawatt by 2030, at a CAGR of 4.7% during the forecast period (2025-2030).

  • Over the medium term, factors such as increasing adoption of renewable energy coupled with supportive government policies are projected to thrive in the Asia-Pacific pumped hydro storage market.
  • On the other hand, the competition from other energy storage technologies is expected to threaten the growth of the pumped hydro storage market in the region.
  • Nevertheless, the growing technological advancements in pumped hydro storage technology are expected to create significant opportunities for the market during the forecasted period.
  • China is predicted to capture the largest market share in the coming years due to government initiatives to increase the pumped hydro storage capacity.Nevertheless, the growing technological advancements in pumped hydro storage technology are expected to create significant opportunities for the market during the forecasted period.
  • China is predicted to capture the largest market share in the coming years due to government initiatives to increase the pumped hydro storage capacity.

Asia-Pacific Pumped Hydro Storage Industry Overview

The Asia-Pacific pumped hydro storage market is fragmented. Some of the key players (in no particular order) include Enel SpA, General Electric Company, Siemens AG, Voith GmBH & Co. KGAa, and Tokyo Electric & Power Company.

Asia-Pacific Pumped Hydro Storage Market Leaders

  1. Enel SpA

  2. General Electric Company

  3. Siemens AG

  4. Voith GmBH & Co. KGAa

  5. Tokyo Electric & Power Company

  6. *Disclaimer: Major Players sorted in no particular order
Asia-Pacific Pumped Hydro Storage Market Concentration
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Asia-Pacific Pumped Hydro Storage Market News

  • Jun 2023: Torrent Power, a private-sector integrated utility in India, marked an accord with the Maharashtra state government to develop three pumped storage hydro projects aggregating to 5.7 GW capacity. The projects involve an estimated investment of USD 3.27 billion and employ about 13,500 people during the construction phase.
  • Feb 2023: GE Hydro Solutions inaugurated the final two 300 MW turbines at a pumped hydro energy storage plant in Anhui Province, China.

Asia-Pacific Pumped Hydro Storage Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Installed Capacity and Forecast in GW, till 2028
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.1.1 Renewable Energy Integration
    • 4.5.1.2 Supportive Government Policies and Regulations
    • 4.5.2 Restraints
    • 4.5.2.1 Competition with Other Energy Storage Technologies
  • 4.6 Supply Chain Analysis
  • 4.7 Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitutes Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Type
    • 5.1.1 Open Loop
    • 5.1.2 Closed Loop
  • 5.2 Geography (Regional Market Analysis {Market Size and Demand Forecast till 2028 (for regions only)})
    • 5.2.1 China
    • 5.2.2 South Korea
    • 5.2.3 India
    • 5.2.4 Japan
    • 5.2.5 Rest of Asia-Pacific

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Enel SpA
    • 6.3.2 General Electric Company
    • 6.3.3 Siemens AG
    • 6.3.4 Voith GmBH & Co. KGaA
    • 6.3.5 Tokyo Electric & Power Company
    • 6.3.6 Stantec
    • 6.3.7 Black & Veatch Holding Company
    • 6.3.8 Andritz AG
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Increasing Technological Advancements
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Asia-Pacific Pumped Hydro Storage Industry Segmentation

Pumped hydro storage technology is a type of hydroelectric energy storage. It includes a configuration of two reservoirs at different elevations that generate power as water moves from one to another, passing through a turbine.

The Asia-Pacific pumped hydro storage market is segmented by type and geography. By type, the market is segmented into open loop and closed loop. The report also covers the market size and forecasts for the Asia-Pacific pumped hydro storage market across the major countries. For each segment, the market sizing and forecasts have been done based on installed capacity (in GW).

Type Open Loop
Closed Loop
Geography (Regional Market Analysis {Market Size and Demand Forecast till 2028 (for regions only)}) China
South Korea
India
Japan
Rest of Asia-Pacific
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Asia-Pacific Pumped Hydro Storage Market Research FAQs

How big is the Asia-Pacific Pumped Hydro Storage Market?

The Asia-Pacific Pumped Hydro Storage Market size is expected to reach 85.85 gigawatt in 2025 and grow at a CAGR of 4.70% to reach 108.02 gigawatt by 2030.

What is the current Asia-Pacific Pumped Hydro Storage Market size?

In 2025, the Asia-Pacific Pumped Hydro Storage Market size is expected to reach 85.85 gigawatt.

Who are the key players in Asia-Pacific Pumped Hydro Storage Market?

Enel SpA, General Electric Company, Siemens AG, Voith GmBH & Co. KGAa and Tokyo Electric & Power Company are the major companies operating in the Asia-Pacific Pumped Hydro Storage Market.

What years does this Asia-Pacific Pumped Hydro Storage Market cover, and what was the market size in 2024?

In 2024, the Asia-Pacific Pumped Hydro Storage Market size was estimated at 81.82 gigawatt. The report covers the Asia-Pacific Pumped Hydro Storage Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Asia-Pacific Pumped Hydro Storage Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Asia-Pacific Pumped Hydro Storage Industry Report

Statistics for the 2025 Asia-Pacific Pumped Hydro Storage market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Pumped Hydro Storage analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.