Exaltation (noun)

1. The act of raising to a higher rank or dignity; elevation.
2. The state of being joyful and proud; elation.
3. The act of praising or worshiping highly; glorification.

Origin:

From middle french exaltation, from latin exaltationem, from exaltare ("to raise high"), from ex- ("out, up") + altus ("high").

Examples:

1. The exaltation of the new king was celebrated with a grand procession.
2. The successful launch filled the team with exaltation.
3. The exaltation of the saint in the local church was the occasion of a grand celebration.
4. Her music was a source of exaltation for people of all ages.
5. The exaltation of the team's hard work and dedication was celebrated with a banquet.