Summary

Europe Pump Hydro Storage Market Research Report by Plant Configuration (Open-Loop Systems, Closed-Loop Systems), by Capacity (Small-Scale Plants, Medium-Scale Plants, Large-Scale Plants), by End Use (Residential, Commercial, Industrial, Utility), and by Country (Germany, UK, France, Russia, Italy, Spain, Netherlands, Switzerland, Norway, Rest of Europe) Forecast till 2032

Market Overview
The Europe pump hydro storge market is projected to reach USD 29,692.90 Million by 2035, growing at a CAGR of 9.3% from 2025 to 2035. Pump hydro storage is a form of energy storage that uses two water reservoirs at different elevations to store and generate electricity. Water is pumped to the higher reservoir during low demand and released to the lower one through turbines during high demand, producing power efficiently.
The rising electricity demand across Europe is a key driver for the Pumped Hydro Storage (PHS) market, fueled by rapid urbanization, industrial growth, and the electrification of transport and heating. Moreover, PHS is a vital instrument for grid stability and reliability as renewable integration continues to rise. European countries are carrying out a large-scale PHS infrastructure plan to both expand and modernize their capacities while simultaneously making sure that their power systems are sustainable and resistant to future shocks.

Key Company Development
In August 2023, ANDRITZ revolutionized its small-scale hydropower innovation by presenting the upgrade of its Advanced HydroMatrix® turbine technology. By merging optimized hydraulic design features with state-of-the-art digital technology, the new generation system remarkably improves performance and conserves nature. It is worth noting that the upgrade serves as a strong green-hydropower message of the company, providing all the benefits of improved operational flexibility and reliability in addition to worldwide installation opportunities for a minimum impact on the environment.

Major Players
Major players in the Europe pump hydro storage market are ANDRITZ, Enel S.p.A., Siemens, Iberdrola S.A., Voith GmbH & Co. KGaA, Statkraft AS, AFRY AB, GUGLER Water Turbines GmbH, Repsol, and EDF (Électricité de France).

Report Attribute Details
• Market Size 2024: USD 11,205.5 Million
• Market Size 2035: USD 29692.90294 Million
• CAGR (2025-2035): 9.3%
• Base Year: 2024
• Market Forecast Period: 2025-2035

Market Segmentations
• By Plant Configuration: Open-Loop Systems - 9.8%, Closed-Loop Systems - 8.4%.
• By Capacity: Small-Scale Plants - 11.2%, Medium-Scale Plants - 9.7%.
• By Country: Germany – 9.2%, UK – 8.6%.
• By End Use: Residential – 10.2%, Commercial – 9.6%.

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Table of Contents

TABLE OF CONTENTS
1 EXECUTIVE SUMMARY . 15
2 MARKET INTRODUCTION . 21
2.1 DEFINITION . 21
2.2 SCOPE OF THE STUDY . 21
2.3 RESEARCH OBJECTIVE . 21
2.4 MARKET STRUCTURE . 22
3 RESEARCH METHODOLOGY . 23
3.1 OVERVIEW . 23
3.2 DATA FLOW . 25
3.2.1 DATA MINING PROCESS . 25
3.3 PURCHASED DATABASE: . 26
3.4 SECONDARY SOURCES: . 27
3.4.1 SECONDARY RESEARCH DATA FLOW: . 28
3.5 PRIMARY RESEARCH: . 29
3.5.1 PRIMARY RESEARCH DATA FLOW: . 30
3.6 APPROACHES FOR MARKET SIZE ESTIMATION: . 31
3.6.1 CONSUMPTION & NET TRADE APPROACH . 31
3.7 DATA FORECASTING. 31
3.7.1 DATA FORECASTING TECHNIQUE . 32
3.8 DATA MODELING . 33
3.8.1 MICROECONOMIC FACTOR ANALYSIS: . 33
3.8.2 DATA MODELING: . 34
3.9 TEAMS AND ANALYST CONTRIBUTION . 35
4 MARKET DYNAMICS . 38
4.1 INTRODUCTION . 38
4.2 DRIVERS . 39
4.2.1 INCREASING DEMAND FOR RENEWABLE ENERGY . 39
4.2.2 RISING ELECTRICITY DEMAND . 40
4.3 RESTRAINTS . 42
4.3.1 HIGH INITIAL INVESTMENT AND OTHER COSTS . 42
4.3.2 ENVIRONMENTAL AND LOCATION CONCERNS . 44
4.4 OPPORTUNITY . 45
4.4.1 ADVANCEMENT IN PUMPED HYDRO STORAGE TECHNOLOGY . 45
4.5 IMPACT ANALYSIS OF COVID-19 . 46
4.5.1 IMPACT ON SUPPLY CHAIN OF PUMPED HYDRO STORAGE MARKET . 46
4.5.2 IMPACT ON MARKET DEMAND OF PUMPED HYDRO STORAGE MARKET . 46
5 MARKET FACTOR ANALYSIS . 47
5.1 SUPPLY CHAIN ANALYSIS . 47
5.1.1 PARTICIPANTS . 48
5.1.1.1 RAW MATERIALS SOURCING . 48
5.1.1.2 EQUIPMENT MANUFACTURER & TECHNOLOGY PROVIDER . 48
5.1.1.3 ENGINEERING, PROCUREMENT, AND CONSTRUCTION . 48
5.1.1.4 GRID INTEGRATION & ENERGY STORAGE OPERATIONS . 48
5.1.1.5 ENERGY TRADING & DISTRIBUTION . 49
5.1.1.6 END-USERS . 49
5.2 PORTER’S FIVE FORCES MODEL . 50
5.2.1 BARGAINING POWER OF SUPPLIERS . 50
5.2.2 BARGAINING POWER OF BUYERS . 51
5.2.3 THREAT OF NEW ENTRANTS . 51
5.2.4 THREAT OF SUBSTITUTES . 51
5.2.5 INTENSITY OF RIVALRY . 51
5.3 REGULATORY LANDSCAPE . 52
5.3.1 GOVERNMENT POLICIES AND INITIATIVES . 52
5.3.2 IMPACT ON THE MARKET . 53
5.3.3 PATENT ANALYSIS . 53
5.4 ENVIRONMENTAL IMPACT AND SUSTAINABILITY . 54
5.4.1 CARBON FOOTPRINT . 54
5.4.2 SUSTAINABILITY INITIATIVES . 54
5.5 PESTEL ANALYSIS . 55
6 EUROPE PUMPED HYDRO STORAGE MARKET, BY PLANT CONFIGURATION . 57
6.1 INTRODUCTION . 57
6.2 OPEN-LOOP SYSTEMS . 57
6.3 CLOSED-LOOP SYSTEMS . 57
7 EUROPE PUMPED HYDRO STORAGE MARKET, BY CAPACITY. 59
7.1 INTRODUCTION . 59
7.2 SMALL-SCALE PLANTS . 59
7.3 MEDIUM-SCALE PLANTS . 59
7.4 LARGE-SCALE PLANTS . 59
8 EUROPE PUMPED HYDRO STORAGE MARKET, BY END USE . 61
8.1 INTRODUCTION . 61
8.2 RESIDENTIAL . 61
8.3 COMMERCIAL . 61
8.4 INDUSTRIAL . 61
8.5 UTILITY . 62
9 EUROPE PUMPED HYDRO STORAGE MARKET, BY COUNTRY . 63
9.1 INTRODUCTION . 63
9.1.1.1 GERMANY . 64
9.1.1.2 FRANCE . 65
9.1.1.3 UK . 66
9.1.1.4 ITALY. 67
9.1.1.5 SPAIN . 68
9.1.1.6 RUSSIA . 69
9.1.1.7 NETHERLANDS. 70
9.1.1.8 SWITZERLAND . 71
9.1.1.9 NORWAY . 72
9.1.1.10 REST OF EUROPE . 73
10 COMPETITIVE LANDSCAPE . 75
10.1 INTRODUCTION . 75
10.2 COMPETITION DASHBOARD . 75
10.3 COMPANY MARKET SHARE ANALYSIS, 2023 (%) . 76
10.4 COMPETITIVE BENCHMARKING . 77
10.5 LEADING PLAYERS IN TERMS OF THE NUMBER OF DEVELOPMENTS IN THE MARKET . 78
10.6 COMPARATIVE ANALYSIS: KEY PLAYERS FINANCIAL, 2023 . 78
10.7 KEY DEVELOPMENTS & GROWTH STRATEGIES . 79
10.7.1 NEW PRODUCT LAUNCH/SERVICE DEPLOYMENT . 79
10.7.2 JOINT VENTURES . 79
11 COMPANY PROFILES . 80
11.1 ANDRITZ . 80
11.1.1 COMPANY OVERVIEW . 80
11.1.2 FINANCIAL OVERVIEW . 81
11.1.3 KEY DEVELOPMENTS . 81
11.1.4 SWOT ANALYSIS . 82
11.1.5 KEY STRATEGY . 82
11.2 ENEL S.P.A . 83
11.2.1 COMPANY OVERVIEW . 83
11.2.2 FINANCIAL OVERVIEW . 84
11.2.3 KEY DEVELOPMENTS . 85
11.2.4 SWOT ANALYSIS . 85
11.2.5 KEY STRATEGY . 86
11.3 SIEMENS. . 87
11.3.1 COMPANY OVERVIEW . 87
11.3.2 FINANCIAL OVERVIEW . 88
11.3.3 KEY DEVELOPMENTS . 88
11.3.4 SWOT ANALYSIS . 89
11.3.5 KEY STRATEGY . 89
11.4 IBERDROLA S.A GROUP . 90
11.4.1 COMPANY OVERVIEW . 90
11.4.2 FINANCIAL OVERVIEW . 91
11.4.3 KEY DEVELOPMENTS . 92
11.4.4 SWOT ANALYSIS . 92
11.4.5 KEY STRATEGY . 93
11.5 VOITH GMBH . 94
11.5.1 COMPANY OVERVIEW . 94
11.5.2 FINANCIAL OVERVIEW . 95
11.5.3 KEY DEVELOPMENTS . 95
11.5.4 SWOT ANALYSIS . 96
11.5.5 KEY STRATEGY . 96
11.6 STATKRAFT AS . 97
11.6.1 COMPANY OVERVIEW . 97
11.6.2 FINANCIAL OVERVIEW . 98
11.6.3 KEY DEVELOPMENTS . 98
11.6.4 SWOT ANALYSIS . 99
11.6.5 KEY STRATEGY . 99
11.7 AFRY AB . 100
11.7.1 COMPANY OVERVIEW . 100
11.7.2 FINANCIAL OVERVIEW . 101
11.7.3 KEY DEVELOPMENTS . 101
11.7.4 SWOT ANALYSIS . 102
11.7.5 KEY STRATEGY . 102
11.8 GUGLER WATER TURBINES GMBH . 103
11.8.1 COMPANY OVERVIEW . 103
11.8.2 FINANCIAL OVERVIEW . 104
11.8.3 KEY DEVELOPMENTS . 104
11.8.4 SWOT ANALYSIS . 104
11.8.5 KEY STRATEGY . 105
11.9 REPSOL . 106
11.9.1 COMPANY OVERVIEW . 106
11.9.2 FINANCIAL OVERVIEW . 107
11.9.3 KEY DEVELOPMENTS . 107
11.9.4 SWOT ANALYSIS . 108
11.9.5 KEY STRATEGY . 108
11.10 EDF . 109
11.10.1 COMPANY OVERVIEW . 109
11.10.2 FINANCIAL OVERVIEW . 110
11.10.3 KEY DEVELOPMENTS . 110
11.10.4 SWOT ANALYSIS . 111
11.10.5 KEY STRATEGY . 111
11.11 DATA CITATIONS . 113