Conversely, the most prominent restraint on the hydro-pumped storage plants market, according to the report, is the requirement of large bodies of water wherever these plants are set up. Additionally, not all locations are ideal for the height variation that is required between two reservoirs for the proper functioning of hydro-pumped storage plants. However, the report finds that the requirement of height variations can be easily overcome via manmade alterations to the topography, which results in a desired size and height measurement. As the pressure mounts on electrical grids globally to cater to the ever-growing demand for energy, the demand for ancillary services is increasing.
Global Hydro-pumped Storage Plants Market: Region-wise Outlook
The earliest development of hydro-pumped storage plants occurred in the central European region, especially in the U. K., Austria, Italy, and Switzerland. As a result, Europe served as the most prominent market for these energy storage plants in 2012, followed by Asia Pacific and North America. The report rates Japan as a significant market for hydro-pumped storage in Asia Pacific region while the U. S. accounted for over 95 % of the installed pumped storage hydro generating capacity in 2012, with Canada occupying the remaining. Africa is rated as a relatively nascent market but a few countries in these regions are showing promising potential for the future.
Companies Mentioned in the Research Report
Some of the prominent players in the global market for hydro-pumped storage plants are Alstom, First Hydro, Exelon, Voith, and J-Power. To present a thorough evaluation of the competitive landscape, the report provides vital details of these players such as production, capacity, price, cost, gross, and segmented revenue.
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