13 September 2018
Visiongain’s new 327 page report The Pumped Hydro Storage (PHS) Market 2016-2026: Project Data, CAPEX and Capacity Forecasts, Company Profiles and Patterns of Innovation indicates that the PHS market will see CAPEX of $3,853bn in 2016, including spending on new installations, expansions and upgrades.
The lead analyst of the report said: “The global pumped hydro storage market is in the midst of a period of revival, reflected in high levels of construction, spending and innovation. After years and sometimes decades of stagnation, the majority of mature PHS markets will see the commissioning of new PHS projects, while a number of emerging markets will see the construction of their first pumped hydro plants. The rapid expansion of some market spaces will not be without consequence to the established order in the market. After decades of dominance in the PHS market, the Japanese market will be overtaken by a relative newcomer, China, in terms of installed capacity by the end of 2015. The rapid ascension of the Chinese market – with 26.25 GW of its 27.9 GW total installed capacity commissioned since 2000 – is, however, only one of several important developments underway in the global PHS market. The rapid increase in the penetration of RES, the increasing prevalence and stringency of energy efficiency and emission reduction targets and the decommissioning of ageing power plants has prompted a revival in the PHS sector in many established markets. While the revival in some of these markets will not be of long duration due to the limited amount of required additional PHS capacity, increased activity can also be expected from a range of emerging or traditionally smaller markets (e.g. Portugal, Australia, and Indonesia). The combined effect of the construction boom in the Chinese market, the revival of a range of mature markets (e.g. Germany, Austria, Switzerland, Greece and Italy) and rapidly growing investment in a number of emerging markets will result in construction and spending commitments not seen since the boom of the market in the 1970s and 1980s.
The report contains 284 tables, charts and graphs that add visual analysis in order to explain developing trends within the PHS market, and offer insight into the historic and expected rate of capacity additions in different national markets and technology submarkets. Visiongain provides annual CAPEX forecasts and analysis for the period 2016-2026 for the global market, as well as a CAPEX and installed capacity forecasts for the 3 main technology submarkets (open-loop, closed-loop and innovative), 14 national markets (Japan, The United States, China, Germany, France, the United Kingdom, Italy, Spain, Portugal, Austria, South Korea, Switzerland, Greece and Indonesia) and the Rest of the World.
All CAPEX and Capacity forecasts are complemented with tables of existing and planned projects and an analysis of the drivers and restraints of the market in every market space. The report also offers an analysis of the main patterns of innovation (e.g. small scale PHS, seawater and underground installations) and their outlook in the market, alongside analysis of the average capacity, construction times and construction costs of installations in different national markets and submarkets. A companies’ chapter provides detailed analysis and outlooks for a selection of companies operating in the market, while the transcripts of exclusive interviews with Petr Maralík from CEZ and Alexander Goldin from RusHydro provide expert insight alongside visiongain’s forecasts and analysis.
The Pumped Hydro Storage (EST) Market 2016-2026 report will be of value to existing and potential stakeholders and investors in the PHS industry. It will be useful for anyone seeking an understanding of key market dynamics, the outlook of different national markets and submarkets as well as insight into patterns of innovation, and the evolution in construction times and costs.
Notes for Editors
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