- The key vendors in the Global Hydro Pumped Storage Plants Market 2014-2018 are ABB Ltd., Alstom SA, Gugler GmbH, J-Power and Voith Hydro.
London, 23 September 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on the Global Hydro Pumped Storage Plants Market 2014-2018. One major trend emerging in the market is the advances in technology in the hydro-pumped storage plants. At present, highly efficient equipment is used in hydro-pumped storage plants, which increases the overall efficiency of the plants.
Hydro-pumped storage is an altered use of conventional hydropower technology to store and manage energy. Hydro-pumped storage projects store electricity by circulating water between an upper and lower reservoir. The electrical energy is converted to potential energy and stored in the form of water at an upper elevation. Pumping the water uphill for temporary storage recharges the battery, and during periods of high electricity demand the stored water is released back through the turbines and converted back to electricity as in the case of a conventional hydropower station.
“Many international and regional vendors have invested in the Global Hydro-pumped Storage Plants market because of benefits such as long-term profits and the lack of fuel charges,” says Faisal Ghaus, Vice President of TechNavio Research.
“Nowadays, hydro-pumped storage plants include highly efficient reversible pump turbines, adjustable-speed pump turbines, new equipment controls such as static frequency converters and generator insulation systems, and improved underground tunneling construction methods and design capabilities.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
