Report overview
Electricity ancillary services refer to functions that help grid operators maintain a reliable electricity system. Ancillary services maintain the proper flow and direction of electricity, address imbalances between supply and demand, and help the system recover after a power system event. In systems with significant variable renewable energy (RE) penetration, additional ancillary services may be required to manage increased variability and uncertainty. Electricity ancillary services include a wide variety of electrical efficiency and safety nets, all focussed on ensuring the power system delivers enough output to meet demand yet remains stable.
This report aims to provide a comprehensive presentation of the global market for Electricity Ancillary Services, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Electricity Ancillary Services. This report contains market size and forecasts of Electricity Ancillary Services in global, including the following market information:
Global Electricity Ancillary Services Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Electricity Ancillary Services market was valued at US$ 8390.1 million in 2022 and is projected to reach US$ 14350 million by 2029, at a CAGR of 8.0% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global key players of Electricity Ancillary Services include PJM, ERCOT, CAISO, ISO-NE, Elia, etc. The top five players hold a share over 21%. Europe is the largest market, has a share about 39%, followed by North America and Asia-Pacific, with share 31% and 22%, separately. In terms of product type, Frequency Control is the largest segment, occupied for a share of 25%, and in terms of application, Industrial Electricity has a share about 66 percent.
We surveyed the Electricity Ancillary Services companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Electricity Ancillary Services Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Electricity Ancillary Services Market Segment Percentages, by Type, 2022 (%)
Frequency Control
Reactive Power & Voltage Control
Black Start
Operating Reserve
Load Following
Others
Global Electricity Ancillary Services Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Electricity Ancillary Services Market Segment Percentages, by Application, 2022 (%)
Industrial Electricity
Residential Electricity
Global Electricity Ancillary Services Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Electricity Ancillary Services Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Electricity Ancillary Services revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Electricity Ancillary Services revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
PJM
ERCOT
CAISO
ISO-NE
Elia
NYISO
Energinet
Snowy Hydro
Transelectrica
SPP
IESO
AESO
MISO
Outline of Major Chapters:
Chapter 1: Introduces the definition of Electricity Ancillary Services, market overview.
Chapter 2: Global Electricity Ancillary Services market size in revenue.
Chapter 3: Detailed analysis of Electricity Ancillary Services company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Electricity Ancillary Services in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
