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Global Electricity Ancillary Services Market Research Report 2024
Synopsis
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.
The global Electricity Ancillary Services market was valued at US$ 8154 million in 2023 and is anticipated to reach US$ 14240 million by 2030, witnessing a CAGR of 8.3% during the forecast period 2024-2030.
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.
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.
Report Scope
The Electricity Ancillary Services market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Electricity Ancillary Services market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Electricity Ancillary Services companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
PJM
ERCOT
CAISO
ISO-NE
Elia
NYISO
Energinet
Snowy Hydro
Transelectrica
SPP
IESO
AESO
MISO
Segment by Type
Frequency Control
Reactive Power & Voltage Control
Black Start
Operating Reserve
Load Following
Others
Segment by Application
Industrial Electricity
Residential Electricity
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Electricity Ancillary Services companies’ competitive landscape, revenue 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, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. 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, and capacity of each country in the world.
Chapter 11: 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 12: The main points and conclusions of the report.
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.
The global Electricity Ancillary Services market was valued at US$ 8154 million in 2023 and is anticipated to reach US$ 14240 million by 2030, witnessing a CAGR of 8.3% during the forecast period 2024-2030.
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.
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.
Report Scope
The Electricity Ancillary Services market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Electricity Ancillary Services market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Electricity Ancillary Services companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
PJM
ERCOT
CAISO
ISO-NE
Elia
NYISO
Energinet
Snowy Hydro
Transelectrica
SPP
IESO
AESO
MISO
Segment by Type
Frequency Control
Reactive Power & Voltage Control
Black Start
Operating Reserve
Load Following
Others
Segment by Application
Industrial Electricity
Residential Electricity
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Electricity Ancillary Services companies’ competitive landscape, revenue 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, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. 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, and capacity of each country in the world.
Chapter 11: 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 12: The main points and conclusions of the report.
Index1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Electricity Ancillary Services Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Frequency Control
1.2.3 Reactive Power & Voltage Control
1.2.4 Black Start
1.2.5 Operating Reserve
1.2.6 Load Following
1.2.7 Others
1.3 Market by Application
1.3.1 Global Electricity Ancillary Services Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Industrial Electricity
1.3.3 Residential Electricity
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Electricity Ancillary Services Market Perspective (2019-2030)
2.2 Electricity Ancillary Services Growth Trends by Region
2.2.1 Global Electricity Ancillary Services Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Electricity Ancillary Services Historic Market Size by Region (2019-2024)
2.2.3 Electricity Ancillary Services Forecasted Market Size by Region (2025-2030)
2.3 Electricity Ancillary Services Market Dynamics
2.3.1 Electricity Ancillary Services Industry Trends
2.3.2 Electricity Ancillary Services Market Drivers
2.3.3 Electricity Ancillary Services Market Challenges
2.3.4 Electricity Ancillary Services Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Electricity Ancillary Services Players by Revenue
3.1.1 Global Top Electricity Ancillary Services Players by Revenue (2019-2024)
3.1.2 Global Electricity Ancillary Services Revenue Market Share by Players (2019-2024)
3.2 Global Electricity Ancillary Services Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Electricity Ancillary Services Revenue
3.4 Global Electricity Ancillary Services Market Concentration Ratio
3.4.1 Global Electricity Ancillary Services Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Electricity Ancillary Services Revenue in 2023
3.5 Electricity Ancillary Services Key Players Head office and Area Served
3.6 Key Players Electricity Ancillary Services Product Solution and Service
3.7 Date of Enter into Electricity Ancillary Services Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Electricity Ancillary Services Breakdown Data by Type
4.1 Global Electricity Ancillary Services Historic Market Size by Type (2019-2024)
4.2 Global Electricity Ancillary Services Forecasted Market Size by Type (2025-2030)
5 Electricity Ancillary Services Breakdown Data by Application
5.1 Global Electricity Ancillary Services Historic Market Size by Application (2019-2024)
5.2 Global Electricity Ancillary Services Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Electricity Ancillary Services Market Size (2019-2030)
6.2 North America Electricity Ancillary Services Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Electricity Ancillary Services Market Size by Country (2019-2024)
6.4 North America Electricity Ancillary Services Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Electricity Ancillary Services Market Size (2019-2030)
7.2 Europe Electricity Ancillary Services Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Electricity Ancillary Services Market Size by Country (2019-2024)
7.4 Europe Electricity Ancillary Services Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Electricity Ancillary Services Market Size (2019-2030)
8.2 Asia-Pacific Electricity Ancillary Services Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Electricity Ancillary Services Market Size by Region (2019-2024)
8.4 Asia-Pacific Electricity Ancillary Services Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Electricity Ancillary Services Market Size (2019-2030)
9.2 Latin America Electricity Ancillary Services Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Electricity Ancillary Services Market Size by Country (2019-2024)
9.4 Latin America Electricity Ancillary Services Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Electricity Ancillary Services Market Size (2019-2030)
10.2 Middle East & Africa Electricity Ancillary Services Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Electricity Ancillary Services Market Size by Country (2019-2024)
10.4 Middle East & Africa Electricity Ancillary Services Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 PJM
11.1.1 PJM Company Detail
11.1.2 PJM Business Overview
11.1.3 PJM Electricity Ancillary Services Introduction
11.1.4 PJM Revenue in Electricity Ancillary Services Business (2019-2024)
11.1.5 PJM Recent Development
11.2 ERCOT
11.2.1 ERCOT Company Detail
11.2.2 ERCOT Business Overview
11.2.3 ERCOT Electricity Ancillary Services Introduction
11.2.4 ERCOT Revenue in Electricity Ancillary Services Business (2019-2024)
11.2.5 ERCOT Recent Development
11.3 CAISO
11.3.1 CAISO Company Detail
11.3.2 CAISO Business Overview
11.3.3 CAISO Electricity Ancillary Services Introduction
11.3.4 CAISO Revenue in Electricity Ancillary Services Business (2019-2024)
11.3.5 CAISO Recent Development
11.4 ISO-NE
11.4.1 ISO-NE Company Detail
11.4.2 ISO-NE Business Overview
11.4.3 ISO-NE Electricity Ancillary Services Introduction
11.4.4 ISO-NE Revenue in Electricity Ancillary Services Business (2019-2024)
11.4.5 ISO-NE Recent Development
11.5 Elia
11.5.1 Elia Company Detail
11.5.2 Elia Business Overview
11.5.3 Elia Electricity Ancillary Services Introduction
11.5.4 Elia Revenue in Electricity Ancillary Services Business (2019-2024)
11.5.5 Elia Recent Development
11.6 NYISO
11.6.1 NYISO Company Detail
11.6.2 NYISO Business Overview
11.6.3 NYISO Electricity Ancillary Services Introduction
11.6.4 NYISO Revenue in Electricity Ancillary Services Business (2019-2024)
11.6.5 NYISO Recent Development
11.7 Energinet
11.7.1 Energinet Company Detail
11.7.2 Energinet Business Overview
11.7.3 Energinet Electricity Ancillary Services Introduction
11.7.4 Energinet Revenue in Electricity Ancillary Services Business (2019-2024)
11.7.5 Energinet Recent Development
11.8 Snowy Hydro
11.8.1 Snowy Hydro Company Detail
11.8.2 Snowy Hydro Business Overview
11.8.3 Snowy Hydro Electricity Ancillary Services Introduction
11.8.4 Snowy Hydro Revenue in Electricity Ancillary Services Business (2019-2024)
11.8.5 Snowy Hydro Recent Development
11.9 Transelectrica
11.9.1 Transelectrica Company Detail
11.9.2 Transelectrica Business Overview
11.9.3 Transelectrica Electricity Ancillary Services Introduction
11.9.4 Transelectrica Revenue in Electricity Ancillary Services Business (2019-2024)
11.9.5 Transelectrica Recent Development
11.10 SPP
11.10.1 SPP Company Detail
11.10.2 SPP Business Overview
11.10.3 SPP Electricity Ancillary Services Introduction
11.10.4 SPP Revenue in Electricity Ancillary Services Business (2019-2024)
11.10.5 SPP Recent Development
11.11 IESO
11.11.1 IESO Company Detail
11.11.2 IESO Business Overview
11.11.3 IESO Electricity Ancillary Services Introduction
11.11.4 IESO Revenue in Electricity Ancillary Services Business (2019-2024)
11.11.5 IESO Recent Development
11.12 AESO
11.12.1 AESO Company Detail
11.12.2 AESO Business Overview
11.12.3 AESO Electricity Ancillary Services Introduction
11.12.4 AESO Revenue in Electricity Ancillary Services Business (2019-2024)
11.12.5 AESO Recent Development
11.13 MISO
11.13.1 MISO Company Detail
11.13.2 MISO Business Overview
11.13.3 MISO Electricity Ancillary Services Introduction
11.13.4 MISO Revenue in Electricity Ancillary Services Business (2019-2024)
11.13.5 MISO Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Published By : QY Research
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