The increasing demand for energy
storage systems and emergence ancillary services is one of the main
market drivers for pumped storage hydro in the future. Hydro-pumped
storage plants system is a form of hydroelectric energy storage used by
the power industry for the purposes of peak shaving and load balancing.
In hydro-pumped storage plants, water flows from a lower elevation
reservoir to another reservoir at a higher elevation where it is stored.
During times of peak demand this stored water is utilized to run
turbines whereas the low cost off-peak electric power is used to pump
back the water to the upper reservoir. These hydro-pumped storage plants
systems generate maximum revenue from the sale of power during peak
loads at the highest prices thereby balancing the load on conventional
energy sources. Hydro-pumped storage plants can be harnessed better when
used alongside wind energy turbines. The wind turbines pump water back
into the reservoir during lean demand times thus resulting in better
utilization of excess generation.
Browse Full Report With TOC:http://www.mrrse.com/analysis/228429
An increasing importance given toward
grid stability coupled with the need for load balancing and energy
storage are driving the growth of hydro-pumped storage plants. Other
drivers for this industry include the need for alternative energy
sources with black start capability, reactive power generation, and an
ability to operate as a spinning reserve. The biggest restraint here is
the availability of large bodies of water coupled with a height
variation required between the two reservoirs. This can be overcome
fairly easily through manmade alterations to the topography resulting in
the desired size and height measurements. As more pressure is put on
the electrical grids around the world to supply the ever growing demand
for energy, ancillary service demand is increasing.
Hydro-pumped storage plants are
capable of supplying a large number of ancillary services ranging from
load balancing to voltage control. Hydro-pumped storage plants can also
serve as excellent spinning reserves and also provide black start
services to utility grids. Overall, hydro-pumped storage plants are an
integral part of any robust energy generation mix and satisfy the
requirement of ample backup power in times of grid failures or other
supply related emergencies. The technological segmentation consists of
single reversible pump turbine and separate pump & turbine
generators. Recent developments are giving rise to technologies such as
micro hydro-pumped storage plants, seawater hydro-pumped storage plants,
and underground hydro-pumped storage plants facilities. The end use
application of pumped storage hydroelectricity can be segmented on the
basis of the service they provide. Some of the services provided by
pumped storage hydro are energy balancing, stability, storage capacity
and ancillary grid services.
The earliest hydro-pumped storage
plants developments occurred in the central European region, especially
in the U.K, Switzerland, Austria, and Italy. In 2012, Europe was the
market leader in hydro-pumped storage plants generation, followed by the
Asia Pacific and North America. Japan is the major market player in
pumped storage hydro facilities in Asia-Pacific followed by South Korea
and Taiwan. In North America, the U.S. accounts for over 95% of the
installed pumped storage hydro generating capacity with Canada occupying
the balance. Africa is a relatively nascent market but is showing
promising potential in the future. There are a large number of projects
in the pipeline in most of regions which have significant potential to
double the capacity installed currently if realized. Some of the key
players in this market are Alstom, First Hydro, Exelon, Voith and
J-Power among others.
To Get Download Full Report with TOC: http://www.mrrse.com/sample/toc/228429
This research report analyzes this
market on the basis of its market segments, major geographies, and
current market trends. Geographies analyzed under this research report
include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of
current trends in the market, industry growth drivers, and restraints.
It provides market projections for the coming years. It includes
analysis of recent developments in technology, Porter’s five force model
analysis and detailed profiles of top industry players. The report also
includes a review of micro and macro factors essential for the existing
market players and new entrants along with detailed value chain
analysis.
Reasons for Buying this Report
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a six-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
- It provides distinctive graphics and exemplified SWOT analysis of major market segments
Contact Us
State Tower
90 State Street, Suite 700
Albany, NY 12207
United States
Toll Free: 866-997-4948
(USA-CANADA)
Tel: +1-518-618-1030
Website: http://www.mrrse.com/
