DUBLIN--(BUSINESS WIRE)--The "Global Pumped Hydroelectric Storage Turbines Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.
The analysts forecast the global pumped hydroelectric storage turbines market to grow at a CAGR of 5.2% during the period 2018-2022.
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.
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.
One trend in the market is large scale deployment of ESS in power grids. Voltage fluctuations, power surges and loss of power are the primary causes of damage to electronic devices. The adoption of electronic devices for personal, commercial, and industrial purposes has increased significantly..
One driver in the market is need for bulk energy storage. Over the last few years, renewable energy projects, especially wind and solar projects, have increased in number and gained momentum, owing to favorable tax incentives provided by various governments worldwide and increasing GHG emissions globally.
The report states that one challenge in the market is environmental issues associated with open-loop systems. Earlier, almost all operating pumped hydroelectric storage projects required the construction of at least one dam along the main stem rivers, which alters the ecology of the river system.
- GENERAL ELECTRIC
- Hitachi Mitsubishi Hydro
Key Topics Covered:
1: Executive Summary
2: Scope Of The Report
3: Research Methodology
4: Market Landscape
5: Market Sizing
6: Five Forces Analysis
7: Market Segmentation By Application
8: Customer Landscape
9: Regional Landscape
10: Decision Framework
11: Drivers And Challenges
12: Market Trends
13: Vendor Landscape
14: Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/bffd8x/global_pumped?w=4