Global Pumped Hydroelectric Storage Market: Trends, Growth, and Sustainability
The Global Pumped Hydroelectric Energy Storage Market Size is Anticipated to Exceed USD 899.62 Billion by 2033, Growing at a CAGR of 8.75% from 2023 to 2033. Energy is stored in pumped hydroelectric energy storage by raising water from a lower reservoir to a higher level reservoir, utilizing low-cost electric power during off-peak times to run the pumps.