South America Pumped Hydro Storage Market Size & Share Analysis - Growth, Trends, And Forecasts (2025 - 2030)

The Report Covers South America Pumped Hydro Storage Market Size and Share, and It is Segmented by Type (Open-Loop and Closed-Loop) and Geography (Brazil, Argentina, Colombia, and Rest of South America). The Report Offers the Market Size and Forecasts in Installed Capacity for all the Above Segments.

South America Pumped Hydro Storage Market Size & Share Analysis - Growth, Trends, And Forecasts (2025 - 2030)

South America Pumped Hydro Storage Market Size

South America Pumped Hydro Storage Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Volume (2025) 1.05 gigawatt
Market Volume (2030) 1.37 gigawatt
CAGR 5.40 %
Market Concentration Low

Major Players

South America Pumped Hydro Storage Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of South America Pumped Hydro Storage Market with other markets in Energy & Power Industry

Oil and Gas

Power

Battery

Decommissioning

Emerging Energy Technologies

Energy Storage Technology

South America Pumped Hydro Storage Market Analysis

The South America Pumped Hydro Storage Market size is estimated at 1.05 gigawatt in 2025, and is expected to reach 1.37 gigawatt by 2030, at a CAGR of 5.4% during the forecast period (2025-2030).

  • Over the long term, increasing government targets to integrate renewable energy coupled with significant hydropower potential is likely to drive the pump hydro storage market’s growth during the forecast period.
  • On the other hand, penetration of other energy storage techniques is expected to hamper the growth of the South American pump hydro storage market during the forecast period.
  • Nevertheless, an increase in technological advancements is likely to create lucrative growth opportunities for the South American pump hydro storage market during the forecast period.
  • Argentina is expected to dominate the market due to its large population, increasing electricity demand, and a higher number of power outages, which are expected to propel the need for pump hydro storage during the forecast period.

South America Pumped Hydro Storage Industry Overview

The South American pump hydro storage market is semi-fragmented. Some of the major players in the market (in no particular order) include Voith GmbH & Co KGaA, ContourGlobal PLC, Andritz AG, Vale S.A., and Siemens AG.

South America Pumped Hydro Storage Market Leaders

  1. Voith GmbH & Co KGaA

  2. Andritz AG

  3. Vale S.A.

  4. Siemens AG

  5. ContourGlobal plc

  6. *Disclaimer: Major Players sorted in no particular order
South America Pumped Hydro Storage Market Concentration
Need More Details on Market Players and Competiters?
Download PDF

South America Pumped Hydro Storage Market News

  • June 2024: Colbun SA planned to use the Pacific Ocean to draw water into a pumped-storage hydropower plant (HPP). The project is likley to be in the northern part of Chile, which is expected to have a capacity of around 800 MW, with a cost of around USD 1.4 billion.
  • September 2023: Argentine launched a USD 100 million tender to overhaul a 750MW pumped storage hydropower plant. The overhaul process is expected to recover the full production potential of the facility, Río Grande, which is running at around half of its nameplate capacity.

South America Pumped Hydro Storage Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Pumped Hydro Storage Installed Capacity and Forecast, till 2029
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.1.1 Growing Emphasis on Renewable Energy Integration
    • 4.5.1.2 Significant Hydropower Potential
    • 4.5.2 Restraints
    • 4.5.2.1 Competition From Other Energy Storage Technologies
  • 4.6 Supply Chain Analysis
  • 4.7 Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitute Products and Services
    • 4.7.5 Intensity of Competitive Rivalry
  • 4.8 Investment Analysis

5. MARKET SEGMENTATION

  • 5.1 By Type
    • 5.1.1 Open-loop
    • 5.1.2 Closed-loop
  • 5.2 By Geography
    • 5.2.1 Brazil
    • 5.2.2 Argentina
    • 5.2.3 Colombia
    • 5.2.4 Rest of South America

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Voith GmbH & Co KGaA
    • 6.3.2 Norte Energia SA
    • 6.3.3 ContourGlobal PLC
    • 6.3.4 Centrais Eletricas Brasileiras SA
    • 6.3.5 Andritz AG
    • 6.3.6 Vale SA
    • 6.3.7 Siemens AG
    • 6.3.8 Mitsubishi Heavy Industries Ltd
    • 6.3.9 General Electric Company
    • 6.3.10 Iberdrola SA
  • *List Not Exhaustive
  • 6.4 Market Ranking/Share (%) Analysis
  • 6.5 List of Other Prominent Companies

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Technological Advancement
**Subject to Availability
You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

South America Pumped Hydro Storage Industry Segmentation

Pumped storage hydrostorage is a type of hydroelectric energy storage. It combines two water reservoirs at different elevations that can generate power as water moves down from one to the other (discharge), passing through a turbine.

The South American pumped storage hydro market is segmented by type and geography. The type is segmented into open-loop and closed-loop. The report also covers the market size and forecasts for the South American pumped hydro storage market across the major regions. For each segment, market sizing and forecasts were made based on installed capacity.

By Type Open-loop
Closed-loop
By Geography Brazil
Argentina
Colombia
Rest of South America
Need A Different Region or Segment?
Customize Now

South America Pumped Hydro Storage Market Research FAQs

How big is the South America Pumped Hydro Storage Market?

The South America Pumped Hydro Storage Market size is expected to reach 1.05 gigawatt in 2025 and grow at a CAGR of 5.40% to reach 1.37 gigawatt by 2030.

What is the current South America Pumped Hydro Storage Market size?

In 2025, the South America Pumped Hydro Storage Market size is expected to reach 1.05 gigawatt.

Who are the key players in South America Pumped Hydro Storage Market?

Voith GmbH & Co KGaA, Andritz AG, Vale S.A., Siemens AG and ContourGlobal plc are the major companies operating in the South America Pumped Hydro Storage Market.

What years does this South America Pumped Hydro Storage Market cover, and what was the market size in 2024?

In 2024, the South America Pumped Hydro Storage Market size was estimated at 0.99 gigawatt. The report covers the South America Pumped Hydro Storage Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the South America Pumped Hydro Storage Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

South America Pumped Hydro Storage Industry Report

Statistics for the 2025 South America Pumped Hydro Storage market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South America Pumped Hydro Storage analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.