The Global Pumped Hydro Storage (PHS) Market Report 2015
An essential attribute of any nation’s electric power system is grid reliability - ensuring that electric generation matches electric demand in real-time. The primary challenge in ensuring reliability is that electricity has no shelf life - it must be generated when needed - and electricity demand continually changes, especially between daytime periods of peak demand and night-time periods of low demand. Due to the technology-cost gap of other storage technologies and other factors such as the growing penetration of renewables, pumped hydro is resurging globally: in China and Europe, and it is again being considered in Japan, Canada, and the US.
Why you should buy The Global Pumped Hydro Storage Market 2015
Why you should buy The Global Pumped Hydro Storage Market 2015
- 173 pages of comprehensive analysis
- 37 tables, charts, and graphs quantifying the market in detail
- Global Pumped Hydro Storage market forecasts between 2015 and 2020
- Outlooks for selected Pumped Hydro Storage markets including:
- US
- India
- Malaysia
- Australia
- Brazil
- Nigeria
- Kazakhstan
- A SWOT analysis that examines the cloud computing market
- 46 key companies identified and profiled operating within the Pumped Hydro Storage market, including 2015 market share information.
Executive Summary
Benefits of the Report
Intended Audience
Report Contributors
Methodology
Introduction to the Pumped Hydro Storage Market
What are Utility-Scale Electricity Storage Technologies?
Brief PHS History
Description of Pumped Hydro Storage Technologies and System Components
Figure 1: Pumped Storage Project
Figure 2: PHS System Utilizes Seawater
Figure 3: Excavated PHS Concept
PHS Pumps and Turbines
Figure 4: Cross section of a Reversible Pump Turbine
Figure 5: Reversible Pump Turbine During Assembly
Figure 6: Generator for a Reversible Pump Turbine
Underground Pumped Hydro Storage
Gravity Power Module Pumped Hydro Storage
Figure 7: Cross section of Gravity Power Module (GPM) System
PHS Utility Applications
Table 1: Utility Applications of PHS
Emerging Competing Utility-Scale Electricity Storage Technologies
Figure 8: Comparison of PHS, CAES, and Emerging Technologies
PHS Industry Organisation
Figure 9: Industry Structure for Procurement/Installation of PHS Technologies
Utility-Scale Electricity Storage Developers
Engineering and Project Management Contractors
Component Manufacturers and Fabricators
Construction and Procurement Contractors
Raw Materials Producers
Global SWOT of Industry
Strengths
Weaknesses
Opportunities
Threats
Global Pumped Hydro Storage Industry Outlook
Table 2: Global Pumped Hydro Storage Market Forecast 2011-2020 ($m, AGR %)
Figure 10: Global Pumped Hydro Storage Market Forecast 2011-2020 ($m)
PHS Appurtenances Sub-Market
Table 3: PHS Appurtenances Sub-Market Forecast 2011-2020 ($m, AGR %)
Figure 11: PHS Appurtenances Sub-Market Forecast 2011-2020 ($m)
PHS Power Train Sub-Market
Table 4: PHS Power Train Sub-Market Forecast 2011-2020 ($m, AGR %)
Figure 12: PHS Power Train Sub-Market Forecast 2011-2020 ($m)
Drivers & Restraints of the Pumped Hydro Storage
Table 5: Global Pumped Hydro Storage Market Drivers and Restraints 2015
Global Pumped Hydro Storage Market Drivers
Benefits of Utility-scale Electricity Storage Technologies
Grid benefits
Load Levelling
Figure 13: Stylized Representation of a Daily Load Curve
Capacity Factor/Dispatch for Intermittent Renewables
Peaking Power Support
Offset of Needed Peaking Power Generation Capacity
Offset of Needed Renewable Generation Capacity
Economic Benefits
Energy Arbitrage
Investment Deferral
Renewable Energy Dispatch and Timing Benefits (ability to meet Renewable Energy targets, etc.)
Restraints of the Pumped Hydro Storage Market
Challenges For implementing Large Scale EES
Costs and Economic Viability
High Capital Cost for Compressed Air Energy Storage System
Drawbacks of Utility-scale Electricity Storage Technologies
Physical Constraints and Land Requirements
Water Use
Environmental Concerns
Energy Loss During Storage
Economic Risk
Leading National Pumped Hydro Storage Market
Table 6: Leading National Pumped Hydro Storage Markets Forecast 2011-2020 ($m, AGR %)
Asia-Pacific Pumped Hydro Storage Market Forecast
Table 7: Asia-Pacific Pumped Hydro Storage Market Forecast Summary 2015-2020 ($m, % Share, CAGR %)
Table 8: Asia-Pacific Pumped Hydro Storage Market Forecast 2011-2020 ($m, AGR %)
Figure 14: US Pumped Hydro Storage Market Forecast 2011-2020 ($m, AGR %)
Industry Trends
Figure 15: Pumped storage projects growth in China, by Capacity (kW)
Major Industry Players
Table 9: Major Asian PHS component manufacturers and engineers
Table 10: Major Historic UES Projects in Asia-Pacific (MW)
Table 11: Announced Asian-Pacific PHS Projects (MW)
Key Drivers for the Asian-Pacific Market
China Market Outlook
Japan Market Outlook
Table 12: Announced Asian-Pacific PHS Projects (MW)
Vietnam Market Outlook
Table 13: Announced Asian-Pacific PHS Projects (MW)
India Market Outlook
Table 14: India Pumped Hydro Storage Projects
Europe Pumped Hydro Storage Market Forecast
Table 15: European Pumped Hydro Storage Market Forecast Summary 2015-2020 ($m, % Share, CAGR %)
Table 16: European Pumped Hydro Storage Market Forecast 2011-2020 ($m, AGR %)
Figure 16: European Pumped Hydro Storage Market Forecast 2011-2020 ($m, AGR %)
European PHS Industry Trends
Figure 17: PHS Installations in European Countries, Total Installed Capacity (MW) and Percentage of Total Generation Capacity as PHS (%)
Major Industry Players
Table 17: Major European UES component manufacturers and engineers
Table 18: Announced European PHS Projects (MW)
Figure 18: Announced European PHS Capacity, by Country (MW)
Figure 19: European PHS Electricity generation, by Country (TWh)
Key Drivers for the European Market
European Market Projected Trends
North America Pumped Hydro Storage Market Forecast
Table 19: North America Pumped Hydro Storage Market Forecast Summary 2015-2020 ($m, % Share, CAGR %)
Table 20: North America Pumped Hydro Storage Market Forecast 2011-2020 ($m, AGR %)
Figure 20: North America Pumped Hydro Storage Market Forecast 2011-2020 ($m, AGR %)
The US Pumped Hydro Storage Market Forecast
Figure 21: US UES Storage technologies in use by market share (GW)
Figure 22: Cumulative Commissioned PHS Installations in the United States, by Capacity 2009-2014 (MW)
Major Industry Players
Table 21: Major North American UES component manufacturers and engineers
Table 22: Major Historic UES Projects in North America (MW)
Figure 23: U.S Pumped hydro storage capacity location (MW)
Figure 24: U.S Potential new pumped storage plant sites at greenfield hydroelectric plant sites. (MW)
Table 23: Federal Energy Regulatory Commission PHS Permitting Activity AS of October 2014 (MW)
Figure 25: issued Preliminary Permits for Pumped Storage Projects Map
Figure 26: Locations of Select Proposed PHS Projects
Key Drivers for the North American Market
Rest of the World Pumped Hydro Storage Market Forecast
Table 24: RoW Pumped Hydro Storage Market Forecast Summary 2015-2020 ($m, % Share, CAGR %)
Table 25: RoW Pumped Hydro Storage Market Forecast 2011-2020 ($m, AGR %)
Figure 27: RoW Pumped Hydro Storage Market Forecast 2011-2020 ($m, AGR %)
Industry Trends
Major Industry Players
Major RoW UES Industry Facets
Table 26: Major Historic UES Projects in Latin America & Africa (MW)
Table 27: Announced Rest of the world PHS Projects (MW)
Key Drivers for the Rest of the World Market
Growth Potential for the Rest of the World Market
Rest of the World Market Projected Trends
The Moroccan Pumped Hydro Storage Market Forecast
The Egyptian Pumped Hydro Storage Market Forecast
The Chilean Pumped Hydro Storage Market Forecast
The Israeli Pumped Hydro Storage Market Forecast
The South Africa Pumped Hydro Storage Market Forecast
Regulatory Developments
United States Regulatory Support and Incentives
Federal
U.S. Internal Revenue Service
Renewable Electricity Production Tax Credit
Table 28: Renewable Electricity Production Tax Credit: In-service deadline 2014 (¢/kWh)
Figure 28: impact of production tax credit expiration and extension on U.S. annual installed wind capacity
Qualifying Advanced Energy Manufacturing Investment Tax Credit
Clean Renewable Energy Bonds
Qualified Energy Conservation Bonds
U.S. Department of the Treasury
Renewable Energy Grants
U.S. Department of Energy
Green Power Purchasing Goal
Loan Guarantee Program
Innovative Technology Loan Guarantee Program
Temporary Loan Guarantee Program
Smart Grid Investment Grant Program
International Regulatory Support and Incentives: Europe
European Union
EU Climate and Energy Package: Renewable Energy Targets
An Energy Policy for Europe
European Council Action Plan (2007–2009) Energy Policy for Europe
Seventh Framework Program for Research and Technological Development
Table 29: Energy Research Under
International Regulatory Support and Incentives: Asia-Pacific
Australia
Renewable Energy Target
Clean Energy Program
China
India
Indonesia
New Zealand
Thailand
Company Profiles
Pumped Hydrologic Storage Products and Systems
Turbines
ABB, Ltd.
Alstom Hydro S.L
Andritz Hydro GmbH
Ansaldo Energia
B. Maier Wasserkraft GmbH Anlagenbau
Bharat Heavy Electricals, Ltd
Chongqing Lisong Electromechanical Equipment Co., Ltd
Dongfang Electric Co., Ltd
Ebara Corp
Gilbert Gilkes & Gordon, Ltd.
Global Hydro Energy GmbH
Gravity Power LLC
Gugler Water Turbines GmbH
Harbin Electric Machinery Co., Ltd
Hitachi, Ltd. Power Systems Co
Hunan Lingling Hengyuan Generating Equipment Co., Ltd
HydroWorks Limited
Hyundai Ideal Electric Co
IMPSA International, Inc.
Ingeteam Energy, SA
JSC Turbo Engineering-Ruselprom
Kirloskar Brothers, Ltd
Litostroj Power d.o.o.
MarelliMotori
Mavel a.s.
Meidensha Corp
Mitsubishi Heavy Industries, Ltd.
OJSC Power Machines
OJSC Turboatom
Orengine International, Ltd
Ossberger GmbH Co
Parsons Peebles Generation, Ltd.
Pentair Inc
Rainpower Norway AS
Reivax Automação e Controle S/A
Sicmemotori SpA
SPP Pumps
STE Energy
Sundyne Corp.
TES Vsetin A.S.
Toshiba Hydro Power
UCM Resita Turbines
VAPTECH
Voith Hydro GmbH Co. KG
Wasserkraft Volk AG
Weir American Hydro
Conclusions
Glossary Of Terms
Methodology
How We Generate Our Industry Forecasts
Disclaimer
Appendix A
Appendix B
COMPANIES MENTIONED
ABB, Ltd.
Alstom Hydro S.L
Alstom Hydro China
Andritz Hydro GmbH
Ansaldo Energia
B. Maier Wasserkraft GmbH Anlagenbau
Bharat Heavy Electricals, Ltd
China National Electric Engineering Co., Ltd
Chongqing Lisong Electromechanical Equipment Co., Ltd
Dongfang Electric Co., Ltd
Ebara Corp
Gilbert Gilkes & Gordon, Ltd.
Global Hydro Energy GmbH
Gravity Power LLC
Gugler Water Turbines GmbH
Harbin Electric Machinery Co., Ltd
Hitachi, Ltd. Power Systems Co
Hunan Lingling Hengyuan Generating Equipment Co., Ltd
HydroWorks Limited
Hyundai Ideal Electric Co
IMPSA International, Inc.
Ingeteam Energy, SA
JSC Turbo Engineering-Ruselprom
Kirloskar Brothers, Ltd
Litostroj Power
MarelliMotori SpA
Mavel a.s.
Meidensha Corp
Mitsubishi Electric
OJSC Power Machines
OJSC Turboatom
Orengine International, Ltd
Ossberger GmbH
Parsons Peebles Generation, Ltd
Pacific Gas and Electric
Pentair plc
Rainpower Norway AS
Reivax Automação e Controle S/A
Sicmemotori SpA
Societe Electrique de l'Our S.A.
SPP Pumps
STE energy
Sundyne Corp
TES Vsetin A.S.
Toshiba’s Power Systems Co
UCM Resita Turbines
VAPTECH
Voith Hydro GmbH
Wasserkraft Volk AG
Weir American Hydro
Benefits of the Report
Intended Audience
Report Contributors
Methodology
Introduction to the Pumped Hydro Storage Market
What are Utility-Scale Electricity Storage Technologies?
Brief PHS History
Description of Pumped Hydro Storage Technologies and System Components
Figure 1: Pumped Storage Project
Figure 2: PHS System Utilizes Seawater
Figure 3: Excavated PHS Concept
PHS Pumps and Turbines
Figure 4: Cross section of a Reversible Pump Turbine
Figure 5: Reversible Pump Turbine During Assembly
Figure 6: Generator for a Reversible Pump Turbine
Underground Pumped Hydro Storage
Gravity Power Module Pumped Hydro Storage
Figure 7: Cross section of Gravity Power Module (GPM) System
PHS Utility Applications
Table 1: Utility Applications of PHS
Emerging Competing Utility-Scale Electricity Storage Technologies
Figure 8: Comparison of PHS, CAES, and Emerging Technologies
PHS Industry Organisation
Figure 9: Industry Structure for Procurement/Installation of PHS Technologies
Utility-Scale Electricity Storage Developers
Engineering and Project Management Contractors
Component Manufacturers and Fabricators
Construction and Procurement Contractors
Raw Materials Producers
Global SWOT of Industry
Strengths
Weaknesses
Opportunities
Threats
Global Pumped Hydro Storage Industry Outlook
Table 2: Global Pumped Hydro Storage Market Forecast 2011-2020 ($m, AGR %)
Figure 10: Global Pumped Hydro Storage Market Forecast 2011-2020 ($m)
PHS Appurtenances Sub-Market
Table 3: PHS Appurtenances Sub-Market Forecast 2011-2020 ($m, AGR %)
Figure 11: PHS Appurtenances Sub-Market Forecast 2011-2020 ($m)
PHS Power Train Sub-Market
Table 4: PHS Power Train Sub-Market Forecast 2011-2020 ($m, AGR %)
Figure 12: PHS Power Train Sub-Market Forecast 2011-2020 ($m)
Drivers & Restraints of the Pumped Hydro Storage
Table 5: Global Pumped Hydro Storage Market Drivers and Restraints 2015
Global Pumped Hydro Storage Market Drivers
Benefits of Utility-scale Electricity Storage Technologies
Grid benefits
Load Levelling
Figure 13: Stylized Representation of a Daily Load Curve
Capacity Factor/Dispatch for Intermittent Renewables
Peaking Power Support
Offset of Needed Peaking Power Generation Capacity
Offset of Needed Renewable Generation Capacity
Economic Benefits
Energy Arbitrage
Investment Deferral
Renewable Energy Dispatch and Timing Benefits (ability to meet Renewable Energy targets, etc.)
Restraints of the Pumped Hydro Storage Market
Challenges For implementing Large Scale EES
Costs and Economic Viability
High Capital Cost for Compressed Air Energy Storage System
Drawbacks of Utility-scale Electricity Storage Technologies
Physical Constraints and Land Requirements
Water Use
Environmental Concerns
Energy Loss During Storage
Economic Risk
Leading National Pumped Hydro Storage Market
Table 6: Leading National Pumped Hydro Storage Markets Forecast 2011-2020 ($m, AGR %)
Asia-Pacific Pumped Hydro Storage Market Forecast
Table 7: Asia-Pacific Pumped Hydro Storage Market Forecast Summary 2015-2020 ($m, % Share, CAGR %)
Table 8: Asia-Pacific Pumped Hydro Storage Market Forecast 2011-2020 ($m, AGR %)
Figure 14: US Pumped Hydro Storage Market Forecast 2011-2020 ($m, AGR %)
Industry Trends
Figure 15: Pumped storage projects growth in China, by Capacity (kW)
Major Industry Players
Table 9: Major Asian PHS component manufacturers and engineers
Table 10: Major Historic UES Projects in Asia-Pacific (MW)
Table 11: Announced Asian-Pacific PHS Projects (MW)
Key Drivers for the Asian-Pacific Market
China Market Outlook
Japan Market Outlook
Table 12: Announced Asian-Pacific PHS Projects (MW)
Vietnam Market Outlook
Table 13: Announced Asian-Pacific PHS Projects (MW)
India Market Outlook
Table 14: India Pumped Hydro Storage Projects
Europe Pumped Hydro Storage Market Forecast
Table 15: European Pumped Hydro Storage Market Forecast Summary 2015-2020 ($m, % Share, CAGR %)
Table 16: European Pumped Hydro Storage Market Forecast 2011-2020 ($m, AGR %)
Figure 16: European Pumped Hydro Storage Market Forecast 2011-2020 ($m, AGR %)
European PHS Industry Trends
Figure 17: PHS Installations in European Countries, Total Installed Capacity (MW) and Percentage of Total Generation Capacity as PHS (%)
Major Industry Players
Table 17: Major European UES component manufacturers and engineers
Table 18: Announced European PHS Projects (MW)
Figure 18: Announced European PHS Capacity, by Country (MW)
Figure 19: European PHS Electricity generation, by Country (TWh)
Key Drivers for the European Market
European Market Projected Trends
North America Pumped Hydro Storage Market Forecast
Table 19: North America Pumped Hydro Storage Market Forecast Summary 2015-2020 ($m, % Share, CAGR %)
Table 20: North America Pumped Hydro Storage Market Forecast 2011-2020 ($m, AGR %)
Figure 20: North America Pumped Hydro Storage Market Forecast 2011-2020 ($m, AGR %)
The US Pumped Hydro Storage Market Forecast
Figure 21: US UES Storage technologies in use by market share (GW)
Figure 22: Cumulative Commissioned PHS Installations in the United States, by Capacity 2009-2014 (MW)
Major Industry Players
Table 21: Major North American UES component manufacturers and engineers
Table 22: Major Historic UES Projects in North America (MW)
Figure 23: U.S Pumped hydro storage capacity location (MW)
Figure 24: U.S Potential new pumped storage plant sites at greenfield hydroelectric plant sites. (MW)
Table 23: Federal Energy Regulatory Commission PHS Permitting Activity AS of October 2014 (MW)
Figure 25: issued Preliminary Permits for Pumped Storage Projects Map
Figure 26: Locations of Select Proposed PHS Projects
Key Drivers for the North American Market
Rest of the World Pumped Hydro Storage Market Forecast
Table 24: RoW Pumped Hydro Storage Market Forecast Summary 2015-2020 ($m, % Share, CAGR %)
Table 25: RoW Pumped Hydro Storage Market Forecast 2011-2020 ($m, AGR %)
Figure 27: RoW Pumped Hydro Storage Market Forecast 2011-2020 ($m, AGR %)
Industry Trends
Major Industry Players
Major RoW UES Industry Facets
Table 26: Major Historic UES Projects in Latin America & Africa (MW)
Table 27: Announced Rest of the world PHS Projects (MW)
Key Drivers for the Rest of the World Market
Growth Potential for the Rest of the World Market
Rest of the World Market Projected Trends
The Moroccan Pumped Hydro Storage Market Forecast
The Egyptian Pumped Hydro Storage Market Forecast
The Chilean Pumped Hydro Storage Market Forecast
The Israeli Pumped Hydro Storage Market Forecast
The South Africa Pumped Hydro Storage Market Forecast
Regulatory Developments
United States Regulatory Support and Incentives
Federal
U.S. Internal Revenue Service
Renewable Electricity Production Tax Credit
Table 28: Renewable Electricity Production Tax Credit: In-service deadline 2014 (¢/kWh)
Figure 28: impact of production tax credit expiration and extension on U.S. annual installed wind capacity
Qualifying Advanced Energy Manufacturing Investment Tax Credit
Clean Renewable Energy Bonds
Qualified Energy Conservation Bonds
U.S. Department of the Treasury
Renewable Energy Grants
U.S. Department of Energy
Green Power Purchasing Goal
Loan Guarantee Program
Innovative Technology Loan Guarantee Program
Temporary Loan Guarantee Program
Smart Grid Investment Grant Program
International Regulatory Support and Incentives: Europe
European Union
EU Climate and Energy Package: Renewable Energy Targets
An Energy Policy for Europe
European Council Action Plan (2007–2009) Energy Policy for Europe
Seventh Framework Program for Research and Technological Development
Table 29: Energy Research Under
International Regulatory Support and Incentives: Asia-Pacific
Australia
Renewable Energy Target
Clean Energy Program
China
India
Indonesia
New Zealand
Thailand
Company Profiles
Pumped Hydrologic Storage Products and Systems
Turbines
ABB, Ltd.
Alstom Hydro S.L
Andritz Hydro GmbH
Ansaldo Energia
B. Maier Wasserkraft GmbH Anlagenbau
Bharat Heavy Electricals, Ltd
Chongqing Lisong Electromechanical Equipment Co., Ltd
Dongfang Electric Co., Ltd
Ebara Corp
Gilbert Gilkes & Gordon, Ltd.
Global Hydro Energy GmbH
Gravity Power LLC
Gugler Water Turbines GmbH
Harbin Electric Machinery Co., Ltd
Hitachi, Ltd. Power Systems Co
Hunan Lingling Hengyuan Generating Equipment Co., Ltd
HydroWorks Limited
Hyundai Ideal Electric Co
IMPSA International, Inc.
Ingeteam Energy, SA
JSC Turbo Engineering-Ruselprom
Kirloskar Brothers, Ltd
Litostroj Power d.o.o.
MarelliMotori
Mavel a.s.
Meidensha Corp
Mitsubishi Heavy Industries, Ltd.
OJSC Power Machines
OJSC Turboatom
Orengine International, Ltd
Ossberger GmbH Co
Parsons Peebles Generation, Ltd.
Pentair Inc
Rainpower Norway AS
Reivax Automação e Controle S/A
Sicmemotori SpA
SPP Pumps
STE Energy
Sundyne Corp.
TES Vsetin A.S.
Toshiba Hydro Power
UCM Resita Turbines
VAPTECH
Voith Hydro GmbH Co. KG
Wasserkraft Volk AG
Weir American Hydro
Conclusions
Glossary Of Terms
Methodology
How We Generate Our Industry Forecasts
Disclaimer
Appendix A
Appendix B
COMPANIES MENTIONED
ABB, Ltd.
Alstom Hydro S.L
Alstom Hydro China
Andritz Hydro GmbH
Ansaldo Energia
B. Maier Wasserkraft GmbH Anlagenbau
Bharat Heavy Electricals, Ltd
China National Electric Engineering Co., Ltd
Chongqing Lisong Electromechanical Equipment Co., Ltd
Dongfang Electric Co., Ltd
Ebara Corp
Gilbert Gilkes & Gordon, Ltd.
Global Hydro Energy GmbH
Gravity Power LLC
Gugler Water Turbines GmbH
Harbin Electric Machinery Co., Ltd
Hitachi, Ltd. Power Systems Co
Hunan Lingling Hengyuan Generating Equipment Co., Ltd
HydroWorks Limited
Hyundai Ideal Electric Co
IMPSA International, Inc.
Ingeteam Energy, SA
JSC Turbo Engineering-Ruselprom
Kirloskar Brothers, Ltd
Litostroj Power
MarelliMotori SpA
Mavel a.s.
Meidensha Corp
Mitsubishi Electric
OJSC Power Machines
OJSC Turboatom
Orengine International, Ltd
Ossberger GmbH
Parsons Peebles Generation, Ltd
Pacific Gas and Electric
Pentair plc
Rainpower Norway AS
Reivax Automação e Controle S/A
Sicmemotori SpA
Societe Electrique de l'Our S.A.
SPP Pumps
STE energy
Sundyne Corp
TES Vsetin A.S.
Toshiba’s Power Systems Co
UCM Resita Turbines
VAPTECH
Voith Hydro GmbH
Wasserkraft Volk AG
Weir American Hydro
