Global Pumped Hydroelectric Storage Turbines Market 2018-2022
About Pumped Hydroelectric Storage Turbines
Pumped hydroelectric storage is used for harnessing the energy of water flow in storage plants to generate electricity for load balancing. During high power demand, water is released through a turbine for renewable electricity generation. Pumped hydroelectric storage turbines are required to run the generators and, hence, electricity is generated.
Technavio’s analysts forecast the global pumped hydroelectric storage turbines market to grow at a CAGR of 5.2% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global pumped hydroelectric storage turbines market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography: