The global pumped hydro storage market was estimated at 535.3 million U.S. dollars in 2023 and it was projected to grow at a compound annual growth rate (CAGR) of over 10 percent between 2023 and 2030, reaching 1,086 million U.S. dollars that year. In 2022, the installed pumped hydro storage capacity worldwide surpassed 135 gigawatts.
Pumped hydro storage market size worldwide from 2023 to 2030
(in million U.S. dollars)
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Pumped hydro storage market size worldwide from 2023 to 2030
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* Estimate ** Starting from this year, figures are forecasts.
Supplementary notes
For the Statista estimate an exponential development of the values between 2023 and 2030 was assumed to estimate the annual values. The values for 2023 and 2030 were provided by the source.
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Research and Markets, & Statista. (July 15, 2023). Pumped hydro storage market size worldwide from 2023 to 2030 (in million U.S. dollars) [Graph]. In Statista. Retrieved April 12, 2025, from https://www.statista.com/statistics/1307036/global-pumped-hydro-storage-market-value/
Research and Markets, und Statista. "Pumped hydro storage market size worldwide from 2023 to 2030 (in million U.S. dollars)." Chart. July 15, 2023. Statista. Accessed April 12, 2025. https://www.statista.com/statistics/1307036/global-pumped-hydro-storage-market-value/
Research and Markets, Statista. (2023). Pumped hydro storage market size worldwide from 2023 to 2030 (in million U.S. dollars). Statista. Statista Inc.. Accessed: April 12, 2025. https://www.statista.com/statistics/1307036/global-pumped-hydro-storage-market-value/
Research and Markets, and Statista. "Pumped Hydro Storage Market Size Worldwide from 2023 to 2030 (in Million U.S. Dollars)." Statista, Statista Inc., 15 Jul 2023, https://www.statista.com/statistics/1307036/global-pumped-hydro-storage-market-value/
Research and Markets & Statista, Pumped hydro storage market size worldwide from 2023 to 2030 (in million U.S. dollars) Statista, https://www.statista.com/statistics/1307036/global-pumped-hydro-storage-market-value/ (last visited April 12, 2025)
Pumped hydro storage market size worldwide from 2023 to 2030 (in million U.S. dollars) [Graph], Research and Markets, & Statista, July 15, 2023. [Online]. Available: https://www.statista.com/statistics/1307036/global-pumped-hydro-storage-market-value/
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