India Pumped Hydro Storage Market Size, Share, Price Trends and Forecast 2022-27
The latest research study by IMARC Group " India Pumped Hydro Storage Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 " offers a comprehensive analysis of the industry, which comprises insights on India pumped hydro storage market size. The India pumped hydro storage market is expected to exhibit a CAGR of 10.25% during 2022-2027. Pumped hydro storage (PHS) refers to a hydroelectric energy repository used for load balancing in electric power systems. It is a configuration of two water reservoirs at several elevations that can yield power as water moves down from one to the other (discharge), passing via a turbine. Pumped hydro storage plants provide various benefits, such as frequency regulation, load balancing, backup reserve, peak shaving, black start capability, etc. They also offer fast ramping up/down and peak/off-peak balancing support, owing to their inherent flexibility. As a result, pumped hydro storage finds widespread applica