Market Size of Asia-Pacific Pumped Hydro Storage Industry
| Study Period | 2020-2029 |
| Base Year For Estimation | 2023 |
| Market Volume (2024) | 82 gigawatt |
| Market Volume (2029) | 103.10 gigawatt |
| CAGR (2024 - 2029) | 4.70 % |
| Market Concentration | Low |
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 82 gigawatt in 2024 to 103.10 gigawatt by 2029, at a CAGR of 4.70% during the forecast period (2024-2029).
- 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.
