Since electricity cannot be stored in large volumes at reasonable cost, part of the job of the power grid operator is to make sure that supply and demand balance at every moment. This means that the power grid is making adjustments every single second as demand changes (actually, much more quickly than one second). Many of these adjustments are automated responses. Go ahead and turn the light on and off in the room you're sitting in. Believe it or not, there is a huge network of sensors on the power grid that can tell that electricity usage is going up and down by some small amount, and making automatic adjustments to power plant outputs in response.
This report contains market size and forecasts of Electricity Ancillary Services in Global, including the following market information:
Global Electricity Ancillary Services Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Electricity Ancillary Services market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Frequency Control Service Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Electricity Ancillary Services include FMC Technologies, ABB, General Electrics, Aker Solutions, Cameron International and Siemens, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has 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, 2017-2022, 2023-2028 ($ millions)
Global Electricity Ancillary Services Market Segment Percentages, by Type, 2021 (%)
Frequency Control Service
Spinning Reserve Service
Operating Reserve Service
Global Electricity Ancillary Services Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Electricity Ancillary Services Market Segment Percentages, by Application, 2021 (%)
Industrial Electricity
Residential Electricity
Global Electricity Ancillary Services Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Electricity Ancillary Services Market Segment Percentages, By Region and Country, 2021 (%)
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, 2017-2022 (estimated), ($ millions)
Key companies Electricity Ancillary Services revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
FMC Technologies
ABB
General Electrics
Aker Solutions
Cameron International
Siemens