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India Pumped Hydro Storage Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The India pumped hydro storage market is expected to exhibit a CAGR of 10.25% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Pumped hydro storage (PHS) refers to a type of hydroelectric energy storage that is used for load balancing in electric power systems. It is a configuration of two water reservoirs at different elevations that can generate power as water moves down from one to the other (discharge), passing through a turbine. Pumped storage hydro plants provide several benefits, such as peak shaving, frequency regulation, load balancing, backup reserve, black start capability, etc. Additionally, they offer very fast ramping up/down and peak/off-peak balancing support on account of their inherent flexibility. As a result, pumped hydro storage is widely recognized as an ideal supplier of regulation and contingency reserve ancillary services, thereby helping in managing renewable energy grid integration.

 

 
 

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India Pumped Hydro Storage Market Trends:

The rising concerns regarding energy security along with the escalating need for efficient energy storage are primarily driving the India pumped hydro storage market. In addition to this, the increasing requirement for load management of grid networks during peak hours to keep the grid frequency within the band required under India’s Electricity Grid Code is creating a positive outlook for the market. Furthermore, the launch of numerous schemes by the Indian government to encourage pump hydro storage establishments across the country is also propelling the market growth. For instance, the Government of India is providing budgetary support for the flood moderation component of hydroelectric storage projects and also introducing tariff rationalization measures to bring down hydropower tariffs. Apart from this, the emerging popularity of closed-loop pumped hydro storage systems on account of their minimal environmental impact across natural habitats is acting as a significant growth-inducing factor. Moreover, the introduction of favorable initiatives pertaining to the integration of clean energy storage systems, in confluence with the launch of energy-efficiency reforms, is also stimulating the product demand. Besides this, the inflating refurbishment of end-of-life dams and the increasing installation of PHS in existing water storage dams are further catalyzing the Indian market. Additionally, the rising focus on electrification of remote areas along with the continuous development of smart grid infrastructures is expected to drive the India pumped hydro storage market in the coming years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the India pumped hydro storage market report, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on type and sources.

Breakup by Type:

 

 
 

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  • Open-Loop
  • Closed-Loop
     

Breakup by Sources:

  • Natural Reservoirs
  • Man-Made Reservoirs
     

Breakup by Region:

  • North India
  • West and Central India
  • South India
  • East India
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Type, Sources, Region
Region Covered North India, West and Central India, South India, East India
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the India pumped hydro storage market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the India pumped hydro storage market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the sources?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the India pumped hydro storage market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    India Pumped Hydro Storage Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Type
    6.1    Open-Loop
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Closed-Loop
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by Sources
    7.1    Natural Reservoirs
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Man-Made Reservoirs
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Region
    8.1    North India
        8.1.1 Market Trends
        8.1.2 Market Breakup by State
        8.1.3 Market Forecast
    8.2    West and Central India
        8.2.1 Market Trends
        8.2.2 Market Breakup by State
        8.2.3 Market Forecast
    8.3    South India
        8.3.1 Market Trends
        8.3.2 Market Breakup by State
        9.3.3 Market Forecast
    8.4    East India
        8.4.1 Market Trends
        8.4.2 Market Breakup by State
        8.4.3 Market Forecast 
9    SWOT Analysis
    9.1    Overview
    9.2    Strengths
    9.3    Weaknesses
    9.4    Opportunities
    9.5    Threats
10    Value Chain Analysis
11    Porters Five Forces Analysis

    11.1    Overview
    11.2    Bargaining Power of Buyers
    11.3    Bargaining Power of Suppliers
    11.4    Degree of Competition
    11.5    Threat of New Entrants
    11.6    Threat of Substitutes
12    Price Analysis
13    Policy and Regulatory Landscape
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players

List of Figures

Figure 1: India: Pumped Hydro Storage Market: Major Drivers and Challenges
Figure 2: India: Pumped Hydro Storage Market: Sales Value (in Billion US$), 2016-2021
Figure 3: India: Pumped Hydro Storage Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: India: Pumped Hydro Storage Market: Breakup by Type (in %), 2021
Figure 5: India: Pumped Hydro Storage Market: Breakup by Sources (in %), 2021
Figure 6: India: Pumped Hydro Storage Market: Breakup by Region (in %), 2021
Figure 7: India: Pumped Hydro Storage (Open-Loop) Market: Sales Value (in Million US$), 2016 & 2021
Figure 8: India: Pumped Hydro Storage (Open-Loop) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 9: India: Pumped Hydro Storage (Closed-Loop) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: India: Pumped Hydro Storage (Closed-Loop) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: India: Pumped Hydro Storage (Natural Reservoirs) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: India: Pumped Hydro Storage (Natural Reservoirs) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: India: Pumped Hydro Storage (Man-Made Reservoirs) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: India: Pumped Hydro Storage (Man-Made Reservoirs) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: North India: Pumped Hydro Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: North India: Pumped Hydro Storage Market: Breakup by State (in %), 2021
Figure 17: North India: Pumped Hydro Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: West and Central India: Pumped Hydro Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: West and Central India: Pumped Hydro Storage Market: Breakup by State (in %), 2021
Figure 20: West and Central India: Pumped Hydro Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: South India: Pumped Hydro Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: South India: Pumped Hydro Storage Market: Breakup by State (in %), 2021
Figure 23: South India: Pumped Hydro Storage Market Forecast: Sales Value (in Million US$), 2022-2027 
Figure 24: East India: Pumped Hydro Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: East India: Pumped Hydro Storage Market: Breakup by State (in %), 2021
Figure 26: East India: Pumped Hydro Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: India: Pumped Hydro Storage Industry: SWOT Analysis
Figure 28: India: Pumped Hydro Storage Industry: Value Chain Analysis
Figure 29: India: Pumped Hydro Storage Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: India: Pumped Hydro Storage Market: Key Industry Highlights, 2021 and 2027
Table 2: India: Pumped Hydro Storage Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: India: Pumped Hydro Storage Market Forecast: Breakup by Sources (in Million US$), 2022-2027
Table 4: India: Pumped Hydro Storage Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 5: India: Pumped Hydro Storage Market: Competitive Structure
Table 6: India: Pumped Hydro Storage Market: Key Players


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