Hydro-Pumped Storage Plants Market by Application, Type and Geography - Forecast and Analysis 2023-2027

Published: Jun 2023 Pages: 170 SKU: IRTNTR75862

Hydro-pumped Storage Plants Market Report 2023-2027:

The hydro-pumped storage plants market size is estimated to grow at a CAGR of 7.71% between 2022 and 2027. The market size is forecast to increase by USD 147.54 billion. The accelerated growth of the market is by various factors, including the demand for new water resources due to urbanization and safety concerns, the increase in sustainable water storage technologies, and the stringent government regulations on greenhouse gas emissions.

This hydro-pumped storage plants market report extensively covers market segmentation by application (load balancing, ancillary grid services, stability, and storage capacity), type (open-loop and closed-loop), and geography (APAC, Europe, North America, South America, and the Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the size of the Hydro-pumped Storage Plants Market During the Forecast Period?

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Hydro-pumped Storage Plants Market: Key Drivers, Trends, and Challenges

Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Hydro-pumped Storage Plants Market Driver

The demand for new water resources due to urbanization and safety concerns is driving market growth. Increasing urbanization has resulted in greater demand for new water resources, which is driving hydro-pumped storage plants market growth. The global scarcity of water along with rising energy costs has resulted in water treatment plants incurring massive capital and maintenance costs. Hence, authorities have been urged to reuse sewage and groundwater through wastewater treatment.

Additionally, with diminishing freshwater resources and groundwater levels, the need for effective desalination of seawater is increasingly urgent. This has resulted in a positive impact on the demand for desalination plants and hydro-pumped storage plants. As per the Federation of Indian Chambers of Commerce and Industry (FICCI), the Indian water treatment plant industry is predicted to grow from USD 2.4 billion in 2019 to USD 4.3 billion by 2025. Hence, such trends are likely to propel the growth of the market during the forecast period.

Key Hydro-pumped Storage Plants Market Trends

Integration of pumps with IIoT is a key trend in the market. Technological advances in connected electronics and information relay technologies are resulting in shifting the upgrade of control systems in pumps and associated systems towards digital communication. Along with Industry 4.0, the adoption of the Industrial Internet of Things (IIoT) technologies in pumps is also expected to increase. It shall allow information collection across the entire water and wastewater treatment process, including the pumps. This data once collected from be analyzed to gain key insights and inform decisions to improve operational efficiency across the entire chain.

The oil and gas industry is one of the early adopters of such technology, particularly to leverage IIoT and big data analytics for accounting and controlling volatility in the industry. This can result in the implementation of automatic error detection and correction methods by using real-time data. It can even enable remote supervision and diagnosis and offer the option of predictive maintenance. This can be a huge advantage by reducing the likelihood of sudden failure of pumps and reducing downtimes. Hence, the above technological advances are likely to positively impact market growth during the forecast period.

Key Hydro-pumped Storage Plants Market Challenge

Volatility in raw material prices is challenging market growth. The fluctuating market price of raw materials like cast iron, bronze, stainless steel, aluminum, and copper used in the manufacture of hydro pumps is a challenge that reduces the adoption of pumps in highly price-sensitive countries. Some of the reasons for raw material price volatility include increased taxes and duties and production outages in many metal ore-producing countries worldwide. Additionally, the required raw materials, differing from product to product, are supplied by various vendors. This causes further pricing, supply chain management, and logistical difficulties.

Hence, vendors are opting to get into long-term partnerships with local raw material suppliers. This helps regional vendors offer competitive products, increasing competition for international vendors. However, fluctuating raw materials prices result in differing prices even for similar products, making it very difficult to justify the price variation. This is likely to negatively impact the profitability of vendors and hence is likely to hinder the growth of the market during the forecast period.

Hydro-pumped Storage Plants Market Customer Landscape

The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Hydro-pumped Storage Plants Market Customer Landscape

Who are the Major Hydro-pumped Storage Plants Market Companies?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

ALSTOM SA - The company offers hydro-pumped storage plants such as Hainan Qiongzhong pumped storage power station which is an important supporting facility for the Hainan Changjiang nuclear station in terms of peak load regulation.

The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market vendors, including:

  • Duke Energy Corp.
  • E.ON SE
  • Electricite de France SA
  • Enel Spa
  • Exelon Corp.
  • First Hydro Co.
  • General Electric Co.
  • Gilbert Gilkes and Gordon Ltd.
  • HD Hyundai Co. Ltd.
  • Hitachi Ltd.
  • Iberdrola SA
  • Mitsubishi Electric Corp.
  • Siemens AG
  • Sulzer Management Ltd.
  • Sumitomo Electric Industries Ltd.
  • Toshiba Corp.
  • voestalpine AG
  • Voith GmbH and Co. KGaA
  • Andritz AG

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Largest-Growing Segments in the Hydro-pumped Storage Plants Market?

The load balancing segment is estimated to witness significant growth during the forecast period. Balancing energy to maintain energy grid frequency and voltage can be achieved using hydro-pumped storage power plants. They can store and supply electricity quickly, hence ensuring the maintenance of a balance between power generation and consumption. 

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The load balancing segment was the largest segment and was valued at USD 86.08 billion in 2017. Besides load-balancing, they also provide services like tension control, frequency control, and spinning reserve which can boost grid reliability while reducing the need for conventional generators during peak hours. Hence, the various uses of the load-balancing segment are likely to boost the growth of the hydro-pumped storage plants during the forecast period.

Which are the Key Regions for the Hydro-pumped Storage Plants Market?

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APAC is estimated to contribute 44% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

APAC had the largest market share of the global hydro-pumped storage plants market in 2022, vastly due to the development of hydrogen-powered fuel cells for transportation. The increasing demand for clean energy generation has resulted in greater usage of fuel cell-based vehicles. This along with vast applications in electronic devices, such as smartphones, laptops, and other consumer electronics has increased hydro-pumped storage plants market growth. The surging regional demand for consumer electronics especially in India and China is positively impacting the market. The usage of hydrogen as an energy source has gained traction and involves storing renewable energy generated to be used later for various applications.  It is predicted that by 2030 that hydrogen generated from wind sources will be comparatively more economically feasible than natural gas. Hence, the above factors are likely to boost regional market growth during the forecast period.

The COVID-19 pandemic seriously impacted the regional hydro-pumped storage plants market by imposition of lockdowns which resulted in the closure of manufacturing units and the ceasing of operations of end-users. It had a negative impact on supply chain management in the region by reducing the supply and increasing the prices of raw materials. However large large-scale COVID-19 vaccination drives, the expanding focus on the hydrogen-based economy, and increasing technological advancements have boosted demand for hydro-pumped storage plants. Hence the above factors are predicted to positively impact the global hydro-pumped storage plants market growth during the forecast period.

Segment Overview

The hydro-pumped storage plants market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Application Outlook (USD Billion, 2017 - 2027)
    • Load balancing
    • Ancillary grid services
    • Stability
    • Storage capacity
  • Type Outlook (USD Billion, 2017 - 2027)
    • Open-loop
    • Closed-loop
  • Region Outlook (USD Billion, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Argentina
      • Brazil
      • Chile

Hydro-pumped Storage Plants Market Scope

Report Coverage

Details

Page number

170

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 7.71%

Market growth 2023-2027

USD 147.54 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

6.64

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 44%

Key countries

US, China, Japan, Italy, and Germany

Competitive landscape

 Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

ALSTOM SA, Duke Energy Corp., E.ON SE, Electricite de France SA, Enel Spa, Exelon Corp., First Hydro Co., General Electric Co., Gilbert Gilkes and Gordon Ltd., HD Hyundai Co. Ltd., Hitachi Ltd., Iberdrola SA, Mitsubishi Electric Corp., Siemens AG, Sulzer Management Ltd., Sumitomo Electric Industries Ltd., Toshiba Corp., voestalpine AG, Voith GmbH and Co. KGaA, and Andritz AG

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Hydro-pumped Storage Plants Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2023 and 2027
  • Precise estimation of the size of the market and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across APAC, Europe, North America, South America, and the Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global hydro-pumped storage plants market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global hydro-pumped storage plants market 2017 - 2021 ($ billion)
    • 4.2 Application Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ billion)
    • 4.3 Type Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ billion)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Load balancing - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Load balancing - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 35: Data Table on Load balancing - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 36: Chart on Load balancing - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Load balancing - Year-over-year growth 2022-2027 (%)
    • 6.4 Ancillary grid services - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Ancillary grid services - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Data Table on Ancillary grid services - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 40: Chart on Ancillary grid services - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Ancillary grid services - Year-over-year growth 2022-2027 (%)
    • 6.5 Stability - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Stability - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 43: Data Table on Stability - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 44: Chart on Stability - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Stability - Year-over-year growth 2022-2027 (%)
    • 6.6 Storage capacity - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Storage capacity - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 47: Data Table on Storage capacity - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 48: Chart on Storage capacity - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Storage capacity - Year-over-year growth 2022-2027 (%)
    • 6.7 Market opportunity by Application
      • Exhibit 50: Market opportunity by Application ($ billion)
      • Exhibit 51: Data Table on Market opportunity by Application ($ billion)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 52: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 53: Data Table on Type - Market share 2022-2027 (%)
    • 7.2 Comparison by Type
      • Exhibit 54: Chart on Comparison by Type
      • Exhibit 55: Data Table on Comparison by Type
    • 7.3 Open-loop - Market size and forecast 2022-2027
      • Exhibit 56: Chart on Open-loop - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 57: Data Table on Open-loop - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 58: Chart on Open-loop - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on Open-loop - Year-over-year growth 2022-2027 (%)
    • 7.4 Closed-loop - Market size and forecast 2022-2027
      • Exhibit 60: Chart on Closed-loop - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 61: Data Table on Closed-loop - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 62: Chart on Closed-loop - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on Closed-loop - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Type
      • Exhibit 64: Market opportunity by Type ($ billion)
      • Exhibit 65: Data Table on Market opportunity by Type ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 67: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 68: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 69: Chart on Geographic comparison
      • Exhibit 70: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 75: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 76: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 77: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 North America - Market size and forecast 2022-2027
      • Exhibit 79: Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 80: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 81: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 83: Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 84: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 85: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 91: Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 92: Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 93: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 Japan - Market size and forecast 2022-2027
      • Exhibit 95: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 96: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 97: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.10 US - Market size and forecast 2022-2027
      • Exhibit 99: Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 100: Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 101: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.11 Italy - Market size and forecast 2022-2027
      • Exhibit 103: Chart on Italy - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 104: Data Table on Italy - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 105: Chart on Italy - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on Italy - Year-over-year growth 2022-2027 (%)
    • 9.12 Germany - Market size and forecast 2022-2027
      • Exhibit 107: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 108: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 109: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 111: Market opportunity by geography ($ billion)
      • Exhibit 112: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 113: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 115: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 116: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 117: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 118: Matrix on vendor position and classification
            • 12.3 ALSTOM SA
              • Exhibit 119: ALSTOM SA - Overview
              • Exhibit 120: ALSTOM SA - Business segments
              • Exhibit 121: ALSTOM SA - Key offerings
              • Exhibit 122: ALSTOM SA - Segment focus
            • 12.4 Andritz AG
              • Exhibit 123: Andritz AG - Overview
              • Exhibit 124: Andritz AG - Business segments
              • Exhibit 125: Andritz AG - Key news
              • Exhibit 126: Andritz AG - Key offerings
              • Exhibit 127: Andritz AG - Segment focus
            • 12.5 Electricite de France SA
              • Exhibit 128: Electricite de France SA - Overview
              • Exhibit 129: Electricite de France SA - Business segments
              • Exhibit 130: Electricite de France SA - Key news
              • Exhibit 131: Electricite de France SA - Key offerings
              • Exhibit 132: Electricite de France SA - Segment focus
            • 12.6 Enel Spa
              • Exhibit 133: Enel Spa - Overview
              • Exhibit 134: Enel Spa - Product / Service
              • Exhibit 135: Enel Spa - Key offerings
            • 12.7 Exelon Corp.
              • Exhibit 136: Exelon Corp. - Overview
              • Exhibit 137: Exelon Corp. - Business segments
              • Exhibit 138: Exelon Corp. - Key offerings
              • Exhibit 139: Exelon Corp. - Segment focus
            • 12.8 General Electric Co.
              • Exhibit 140: General Electric Co. - Overview
              • Exhibit 141: General Electric Co. - Business segments
              • Exhibit 142: General Electric Co. - Key news
              • Exhibit 143: General Electric Co. - Key offerings
              • Exhibit 144: General Electric Co. - Segment focus
            • 12.9 HD Hyundai Co. Ltd.
              • Exhibit 145: HD Hyundai Co. Ltd. - Overview
              • Exhibit 146: HD Hyundai Co. Ltd. - Business segments
              • Exhibit 147: HD Hyundai Co. Ltd. - Key news
              • Exhibit 148: HD Hyundai Co. Ltd. - Key offerings
              • Exhibit 149: HD Hyundai Co. Ltd. - Segment focus
            • 12.10 Hitachi Ltd.
              • Exhibit 150: Hitachi Ltd. - Overview
              • Exhibit 151: Hitachi Ltd. - Business segments
              • Exhibit 152: Hitachi Ltd. - Key news
              • Exhibit 153: Hitachi Ltd. - Key offerings
              • Exhibit 154: Hitachi Ltd. - Segment focus
            • 12.11 Mitsubishi Electric Corp.
              • Exhibit 155: Mitsubishi Electric Corp. - Overview
              • Exhibit 156: Mitsubishi Electric Corp. - Business segments
              • Exhibit 157: Mitsubishi Electric Corp. - Key news
              • Exhibit 158: Mitsubishi Electric Corp. - Key offerings
              • Exhibit 159: Mitsubishi Electric Corp. - Segment focus
            • 12.12 Siemens AG
              • Exhibit 160: Siemens AG - Overview
              • Exhibit 161: Siemens AG - Business segments
              • Exhibit 162: Siemens AG - Key news
              • Exhibit 163: Siemens AG - Key offerings
              • Exhibit 164: Siemens AG - Segment focus
            • 12.13 Sulzer Management Ltd.
              • Exhibit 165: Sulzer Management Ltd. - Overview
              • Exhibit 166: Sulzer Management Ltd. - Business segments
              • Exhibit 167: Sulzer Management Ltd. - Key news
              • Exhibit 168: Sulzer Management Ltd. - Key offerings
              • Exhibit 169: Sulzer Management Ltd. - Segment focus
            • 12.14 Sumitomo Electric Industries Ltd.
              • Exhibit 170: Sumitomo Electric Industries Ltd. - Overview
              • Exhibit 171: Sumitomo Electric Industries Ltd. - Business segments
              • Exhibit 172: Sumitomo Electric Industries Ltd. - Key news
              • Exhibit 173: Sumitomo Electric Industries Ltd. - Key offerings
              • Exhibit 174: Sumitomo Electric Industries Ltd. - Segment focus
            • 12.15 Toshiba Corp.
              • Exhibit 175: Toshiba Corp. - Overview
              • Exhibit 176: Toshiba Corp. - Business segments
              • Exhibit 177: Toshiba Corp. - Key news
              • Exhibit 178: Toshiba Corp. - Key offerings
              • Exhibit 179: Toshiba Corp. - Segment focus
            • 12.16 voestalpine AG
              • Exhibit 180: voestalpine AG - Overview
              • Exhibit 181: voestalpine AG - Business segments
              • Exhibit 182: voestalpine AG - Key offerings
              • Exhibit 183: voestalpine AG - Segment focus
            • 12.17 Voith GmbH and Co. KGaA
              • Exhibit 184: Voith GmbH and Co. KGaA - Overview
              • Exhibit 185: Voith GmbH and Co. KGaA - Business segments
              • Exhibit 186: Voith GmbH and Co. KGaA - Key offerings
              • Exhibit 187: Voith GmbH and Co. KGaA - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 188: Inclusions checklist
                • Exhibit 189: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 190: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 191: Research methodology
                • Exhibit 192: Validation techniques employed for market sizing
                • Exhibit 193: Information sources
              • 13.5 List of abbreviations
                • Exhibit 194: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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              • Covid-19 impact and recovery analysis
              • Data on revenue-generating market segments
              • Details on the market shares of various regions
              • Five-force market analysis