Analysts’ Viewpoint on Market Scenario
The ancillary services for power market size is expected to grow at a steady pace in the near future due to increase in adoption of renewable energy sources. Improvements in energy storage technology and emergence of smart grid solutions are also projected to boost the demand for ancillary services in the power sector in the next few years.
Ancillary services help balance the supply and demand of electricity in real time, regulate voltage and frequency levels, and ensure the overall smooth functioning of the power system. Without ancillary services, the grid could experience disruptions, blackouts, or voltage fluctuations, which would be detrimental to consumers, businesses, and the economy.
Ancillary services assure grid resilience by continuously balancing electricity supply and demand, regulating frequency and voltage, and providing operational reserves. They are essential for preserving system stability during times of high demand and unexpected crises. Implementation of regulations to expand the scope of ancillary services is likely to offer lucrative opportunities for vendors in the global ancillary services for power industry.
Ancillary services perform various tasks in the power sector including frequency control, load following, voltage support, reactive power support, black start capability, operating reserves, and energy imbalance. Most of these services are designed expressly for the integration of renewable energy sources. The need for various services depends on power grid features and the unique difficulties each region faces.
Growth in renewable energy capacity, surge in power demand, and rise in need for grid stability are projected to contribute to the ancillary services for power market growth during the forecast period. Increase in development of grid infrastructure and government initiatives supporting the integration of renewable energy sources are also driving the demand for ancillary services in the power sector.
Countries and regions across the globe have different market structures for additional services. These services can sometimes be purchased through centralized market processes run by regional transmission organizations or independent system operators. These services could also be provided through contracts between service providers and grid operators.
Governments across the world are focused on reducing their carbon footprint, prompting them to boost the adoption of renewable energy sources. Ancillary services play a vital role in managing the intermittent and variable nature of renewables. Various services, such as frequency regulation, ramping capability, and grid stability support, are essential to integrate renewable energy into power grids. Thus, increase in adoption of renewable energy sources is propelling the ancillary services for power market development.
Renewable energy integration, demand fluctuations, transmission and distribution constraints, and grid-connected energy storage pose various challenges for grid operators for maintaining grid stability and reliability. Ancillary services play a crucial role in addressing these challenges by providing services such as frequency regulation, ramping capability, and grid stability support.
Frequency regulation helps balance the supply and demand of electricity in real time, compensating for fluctuations caused by renewable energy sources. Ramping capability ensures a smooth transition between high and low power generation periods, thereby minimizing grid instability. Grid stability support services help maintain voltage levels within acceptable limits and address grid imbalances caused by intermittent renewable energy generation.
Advancements in grid technologies, energy storage systems, and demand response technologies are driving the ancillary services for power market value. These technologies enable grid operators to respond more effectively to grid fluctuations, integrate renewable energy sources, and provide ancillary services more efficiently and cost-effectively.
Advanced grid technologies, such as Advanced Metering Infrastructure (AMI), Phasor Measurement Units (PMUs), and grid control systems, enable grid operators to monitor and manage the power grid more effectively. These technologies provide real-time data on electricity usage, voltage levels, and grid stability, allowing for more accurate and efficient provision of ancillary services.
Development and deployment of energy storage systems, such as batteries, pumped hydro storage, and flywheels, have revolutionized the power sector. Energy storage plays a crucial role in providing ancillary services such as frequency regulation, load balancing, and ramping capability. Storage systems store excess energy during periods of low demand and release it during peak demand, or when renewable energy generation is low, ensuring grid stability and minimizing the need for conventional backup power sources.
According to the latest ancillary services for power market trends, the frequency regulation application segment is expected to dominate the industry during the forecast period. Frequency regulation, also known as primary control or automatic generation control, is a critical ancillary service that ensures the balance between electricity supply and demand in real time. It involves continuously adjusting the output of power generation sources to match the varying demand for electricity and maintaining the system's frequency within acceptable limits.
Frequency regulation is particularly important in the context of renewable energy integration, as renewable sources such as wind and solar are inherently variable in their generation output. These fluctuations can impact the overall system frequency, which needs to be maintained at a stable level to ensure the proper functioning of electrical equipment and grid stability.
According to the latest ancillary services for power market forecast, Europe is projected to hold largest share from 2023 to 2031. Rise in integration of renewable energy is driving market dynamics in the region. Europe is likely to witness high demand for ancillary services for frequency regulation and grid balancing.
The industry in North America is estimated to grow at a steady pace in the near future. Presence of a diverse energy sector, which includes the use of natural gas, coal, and renewable sources, is fueling market statistics in the region. Rapid industrialization and urbanization are anticipated to drive market progress in Asia Pacific during the forecast period.
The global industry is highly consolidated, with a small number of large-scale vendors controlling majority of the ancillary services for power market share. Ancillary service providers are investing significantly in comprehensive research and development activities, primarily to expand their service portfolio. They are also collaborating strategically to accelerate innovation and broaden their regional and international presence.
National Grid plc, NextEra Energy, Inc., Duke Energy Corporation, Siemens AG, General Electric Company, Schneider Electric SE, Mitsubishi Electric Corporation, Eaton Corporation plc, and ABB Ltd. are key entities operating in this industry.
Key players have been profiled in the ancillary services for power market report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments.
Attribute | Detail |
---|---|
Market Value in 2022 |
US$ 8.0 Bn |
Market Forecast Value in 2031 |
US$ 16.9 Bn |
Growth Rate (CAGR) |
7.8% |
Forecast Period |
2023-2031 |
Historical Data Available for |
2021 |
Quantitative Units |
US$ Bn for Value and Units for Volume |
Market Analysis |
It includes cross-segment analysis at the global as well as regional level. Furthermore, the qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces analysis, value chain analysis, and key trend analysis. |
Competition Landscape |
|
Format |
Electronic (PDF) + Excel |
Market Segmentation |
|
Regions Covered |
|
Countries Covered |
|
Companies Profiled |
|
Customization Scope |
Available upon request |
Pricing |
Available upon request |
The global market was valued at US$ 8.0 Bn in 2022
It is expected to grow at a CAGR of 7.8% from 2023 to 2031
Rise in adoption of renewable energy sources and technological advancements in ancillary services for power sector
Frequency regulation was the largest application segment in 2022
Europe recorded the highest demand in 2022
National Grid plc, NextEra Energy, Inc., Duke Energy Corporation, Siemens AG, General Electric Company, Schneider Electric SE, Mitsubishi Electric Corporation, Eaton Corporation plc, and ABB Ltd.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Key Facts and Figures
1.4. Trends Impacting Market
1.5. TMR’s Growth Opportunity Wheel
2. Market Overview
2.1. Market Segmentation
2.2. Market Trends
2.3. Market Dynamics
2.3.1. Drivers
2.3.2. Restraints
2.3.3. Opportunities
2.4. Porter’s Five Forces Analysis
2.5. Regulatory Analysis
2.6. Value Chain Analysis
2.6.1. List of Raw Material Suppliers
2.6.2. List of Key Manufacturers
2.6.3. List of Suppliers/Distributors
2.6.4. List of Potential Customers
2.7. Product Specification Analysis
2.8. Overview of Manufacturing Process
2.9. Cost Structure Analysis
3. COVID-19 Impact Analysis
4. Production Output Analysis, 2022
5. Price Trend Analysis
6. Global Ancillary Services for Power Market Analysis and Forecast, by Service Type, 2023-2031
6.1. Introduction and Definitions
6.2. Global Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Service Type, 2023-2031
6.2.1. Frequency Controlled Ancillary Services
6.2.2. Network Controlled Ancillary Services
6.2.3. Others
6.3. Global Ancillary Services for Power Market Attractiveness, by Service Type
7. Global Ancillary Services for Power Market Analysis and Forecast, by Application, 2023-2031
7.1. Introduction and Definitions
7.2. Global Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2023-2031
7.2.1. Frequency Regulation
7.2.2. Voltage Compensation
7.2.3. Renewable Integration
7.2.4. Operational Management
7.2.5. Others
7.3. Global Ancillary Services for Power Market Attractiveness, by Application
8. Global Ancillary Services for Power Market Analysis and Forecast, by End-use, 2023-2031
8.1. Introduction and Definitions
8.2. Global Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2023-2031
8.2.1. Residential
8.2.2. Commercial
8.2.3. Industrial
8.3. Global Ancillary Services for Power Market Attractiveness, by End-use
9. Global Ancillary Services for Power Market Analysis and Forecast, by Region, 2023-2031
9.1. Key Findings
9.2. Global Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Region, 2023-2031
9.2.1. North America
9.2.2. Europe
9.2.3. Asia Pacific
9.2.4. Middle East & Africa
9.2.5. Latin America
9.3. Global Ancillary Services for Power Market Attractiveness, by Region
10. North America Ancillary Services for Power Market Analysis and Forecast, 2023-2031
10.1. Key Findings
10.2. North America Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Service Type, 2023-2031
10.3. North America Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2023-2031
10.4. North America Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2023-2031
10.5. North America Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Country, 2023-2031
10.5.1. U.S. Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Service Type, 2023-2031
10.5.2. U.S. Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2023-2031
10.5.3. U.S. Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2023-2031
10.5.4. Canada Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Service Type, 2023-2031
10.5.5. Canada Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2023-2031
10.5.6. Canada Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2023-2031
10.6. North America Ancillary Services for Power Market Attractiveness Analysis
11. Europe Ancillary Services for Power Market Analysis and Forecast, 2023-2031
11.1. Key Findings
11.2. Europe Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Service Type, 2023-2031
11.3. Europe Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2023-2031
11.4. Europe Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2023-2031
11.5. Europe Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Country and Sub-region, 2023-2031
11.5.1. Germany Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Service Type, 2023-2031
11.5.2. Germany Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2023-2031
11.5.3. Germany Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2023-2031
11.5.4. France Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Service Type, 2023-2031
11.5.5. France Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2023-2031
11.5.6. France Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2023-2031
11.5.7. U.K. Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Service Type, 2023-2031
11.5.8. U.K. Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2023-2031
11.5.9. U.K. Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2023-2031
11.5.10. Italy Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Service Type, 2023-2031
11.5.11. Italy. Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2023-2031
11.5.12. Italy Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2023-2031
11.5.13. Russia & CIS Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Service Type, 2023-2031
11.5.14. Russia & CIS Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2023-2031
11.5.15. Russia & CIS Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2023-2031
11.5.16. Rest of Europe Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Service Type, 2023-2031
11.5.17. Rest of Europe Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2023-2031
11.5.18. Rest of Europe Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2023-2031
11.6. Europe Ancillary Services for Power Market Attractiveness Analysis
12. Asia Pacific Ancillary Services for Power Market Analysis and Forecast, 2023-2031
12.1. Key Findings
12.2. Asia Pacific Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Service Type
12.3. Asia Pacific Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2023-2031
12.4. Asia Pacific Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2023-2031
12.5. Asia Pacific Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Country and Sub-region, 2023-2031
12.5.1. China Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Service Type, 2023-2031
12.5.2. China Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2023-2031
12.5.3. China Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2023-2031
12.5.4. Japan Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Service Type, 2023-2031
12.5.5. Japan Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2023-2031
12.5.6. Japan Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2023-2031
12.5.7. India Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Service Type, 2023-2031
12.5.8. India Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2023-2031
12.5.9. India Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2023-2031
12.5.10. ASEAN Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Service Type, 2023-2031
12.5.11. ASEAN Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2023-2031
12.5.12. ASEAN Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2023-2031
12.5.13. Rest of Asia Pacific Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Service Type, 2023-2031
12.5.14. Rest of Asia Pacific Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2023-2031
12.5.15. Rest of Asia Pacific Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2023-2031
12.6. Asia Pacific Ancillary Services for Power Market Attractiveness Analysis
13. Latin America Ancillary Services for Power Market Analysis and Forecast, 2023-2031
13.1. Key Findings
13.2. Latin America Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Service Type, 2023-2031
13.3. Latin America Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2023-2031
13.4. Latin America Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2023-2031
13.5. Latin America Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Country and Sub-region, 2023-2031
13.5.1. Brazil Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Service Type, 2023-2031
13.5.2. Brazil Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2023-2031
13.5.3. Brazil Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2023-2031
13.5.4. Mexico Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Service Type, 2023-2031
13.5.5. Mexico Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2023-2031
13.5.6. Mexico Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2023-2031
13.5.7. Rest of Latin America Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Service Type, 2023-2031
13.5.8. Rest of Latin America Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2023-2031
13.5.9. Rest of Latin America Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2023-2031
13.6. Latin America Ancillary Services for Power Market Attractiveness Analysis
14. Middle East & Africa Ancillary Services for Power Market Analysis and Forecast, 2023-2031
14.1. Key Findings
14.2. Middle East & Africa Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Service Type, 2023-2031
14.3. Middle East & Africa Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2023-2031
14.4. Middle East & Africa Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2023-2031
14.5. Middle East & Africa Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Country and Sub-region, 2023-2031
14.5.1. GCC Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Service Type, 2023-2031
14.5.2. GCC Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2023-2031
14.5.3. GCC Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2023-2031
14.5.4. South Africa Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Service Type, 2023-2031
14.5.5. South Africa Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2023-2031
14.5.6. South Africa Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2023-2031
14.5.7. Rest of Middle East & Africa Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Service Type, 2023-2031
14.5.8. Rest of Middle East & Africa Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2023-2031
14.5.9. Rest of Middle East & Africa Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2023-2031
14.6. Middle East & Africa Ancillary Services for Power Market Attractiveness Analysis
15. Competition Landscape
15.1. Ancillary Services for Power Market Company Market Share Analysis, 2022
15.2. Company Profiles (Details - Overview, Financials, Recent Developments, and Strategy)
15.2.1. National Grid plc
15.2.1.1. Company Description
15.2.1.2. Business Overview
15.2.1.3. Financial Overview
15.2.1.4. Strategic Overview
15.2.2. NextEra Energy, Inc.
15.2.2.1. Company Description
15.2.2.2. Business Overview
15.2.2.3. Financial Overview
15.2.2.4. Strategic Overview
15.2.3. Duke Energy Corporation
15.2.3.1. Company Description
15.2.3.2. Business Overview
15.2.3.3. Financial Overview
15.2.3.4. Strategic Overview
15.2.4. Siemens AG
15.2.4.1. Company Description
15.2.4.2. Business Overview
15.2.4.3. Financial Overview
15.2.4.4. Strategic Overview
15.2.5. General Electric Company
15.2.5.1. Company Description
15.2.5.2. Business Overview
15.2.5.3. Financial Overview
15.2.5.4. Strategic Overview
15.2.6. Schneider Electric SE
15.2.6.1. Company Description
15.2.6.2. Business Overview
15.2.6.3. Financial Overview
15.2.6.4. Strategic Overview
15.2.7. Mitsubishi Electric Corporation
15.2.7.1. Company Description
15.2.7.2. Business Overview
15.2.7.3. Financial Overview
15.2.7.4. Strategic Overview
15.2.8. Eaton Corporation plc
15.2.8.1. Company Description
15.2.8.2. Business Overview
15.2.8.3. Financial Overview
15.2.8.4. Strategic Overview
15.2.9. ABB Ltd.
15.2.9.1. Company Description
15.2.9.2. Business Overview
15.2.9.3. Financial Overview
15.2.9.4. Strategic Overview
16. Primary Research: Key Insights
17. Appendix
List of Tables
Table 1: Global Ancillary Services for Power Market Forecast, by Service Type, 2023-2031
Table 2: Global Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Service Type, 2023-2031
Table 3: Global Ancillary Services for Power Market Forecast, by Application, 2023-2031
Table 4: Global Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2023-2031
Table 5: Global Ancillary Services for Power Market Forecast, by End-use, 2023-2031
Table 6: Global Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2023-2031
Table 7: Global Ancillary Services for Power Market Forecast, by region, 2023-2031
Table 8: Global Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Region, 2023-2031
Table 9: North America Ancillary Services for Power Market Forecast, by Service Type, 2023-2031
Table 10: North America Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Service Type, 2023-2031
Table 11: North America Ancillary Services for Power Market Forecast, by Application, 2023-2031
Table 12: North America Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2023-2031
Table 13: North America Ancillary Services for Power Market Forecast, by End-use, 2023-2031
Table 14: North America Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2023-2031
Table 15: North America Ancillary Services for Power Market Forecast, by Country, 2023-2031
Table 16: North America Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Country, 2023-2031
Table 17: U.S. Ancillary Services for Power Market Forecast, by Service Type, 2023-2031
Table 18: U.S. Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Service Type, 2023-2031
Table 19: U.S. Ancillary Services for Power Market Forecast, by Application, 2023-2031
Table 20: U.S. Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2023-2031
Table 21: U.S. Ancillary Services for Power Market Forecast, by End-use, 2023-2031
Table 22: U.S. Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2023-2031
Table 23: Canada Ancillary Services for Power Market Forecast, by Service Type, 2023-2031
Table 24: Canada Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Service Type, 2023-2031
Table 25: Canada Ancillary Services for Power Market Forecast, by Application, 2023-2031
Table 26: Canada Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2023-2031
Table 27: Canada Ancillary Services for Power Market Forecast, by End-use, 2023-2031
Table 28: Canada Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2023-2031
Table 29: Europe Ancillary Services for Power Market Forecast, by Service Type, 2023-2031
Table 30: Europe Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Service Type, 2023-2031
Table 31: Europe Ancillary Services for Power Market Forecast, by Application, 2023-2031
Table 32: Europe Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2023-2031
Table 33: Europe Ancillary Services for Power Market Forecast, by End-use, 2023-2031
Table 34: Europe Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2023-2031
Table 35: Europe Ancillary Services for Power Market Forecast, by Country and Sub-region, 2023-2031
Table 36: Europe Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Country and Sub-region, 2023-2031
Table 37: Germany Ancillary Services for Power Market Forecast, by Service Type, 2023-2031
Table 38: Germany Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Service Type, 2023-2031
Table 39: Germany Ancillary Services for Power Market Forecast, by Application, 2023-2031
Table 40: Germany Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2023-2031
Table 41: Germany Ancillary Services for Power Market Forecast, by End-use, 2023-2031
Table 42: Germany Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2023-2031
Table 43: France Ancillary Services for Power Market Forecast, by Service Type, 2023-2031
Table 44: France Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Service Type, 2023-2031
Table 45: France Ancillary Services for Power Market Forecast, by Application, 2023-2031
Table 46: France Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2023-2031
Table 47: France Ancillary Services for Power Market Forecast, by End-use, 2023-2031
Table 48: France Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2023-2031
Table 49: U.K. Ancillary Services for Power Market Forecast, by Service Type, 2023-2031
Table 50: U.K. Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Service Type, 2023-2031
Table 51: U.K. Ancillary Services for Power Market Forecast, by Application, 2023-2031
Table 52: U.K. Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2023-2031
Table 53: U.K. Ancillary Services for Power Market Forecast, by End-use, 2023-2031
Table 54: U.K. Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2023-2031
Table 55: Italy Ancillary Services for Power Market Forecast, by Service Type, 2023-2031
Table 56: Italy Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Service Type, 2023-2031
Table 57: Italy Ancillary Services for Power Market Forecast, by Application, 2023-2031
Table 58: Italy Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2023-2031
Table 59: Italy Ancillary Services for Power Market Forecast, by End-use, 2023-2031
Table 60: Italy Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2023-2031
Table 61: Spain Ancillary Services for Power Market Forecast, by Service Type, 2023-2031
Table 62: Spain Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Service Type, 2023-2031
Table 63: Spain Ancillary Services for Power Market Forecast, by Application, 2023-2031
Table 64: Spain Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2023-2031
Table 65: Spain Ancillary Services for Power Market Forecast, by End-use, 2023-2031
Table 66: Spain Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2023-2031
Table 67: Russia & CIS Ancillary Services for Power Market Forecast, by Service Type, 2023-2031
Table 68: Russia & CIS Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Service Type, 2023-2031
Table 69: Russia & CIS Ancillary Services for Power Market Forecast, by Application, 2023-2031
Table 70: Russia & CIS Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2023-2031
Table 71: Russia & CIS Ancillary Services for Power Market Forecast, by End-use, 2023-2031
Table 72: Russia & CIS Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2023-2031
Table 73: Rest of Europe Ancillary Services for Power Market Forecast, by Service Type, 2023-2031
Table 74: Rest of Europe Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Service Type, 2023-2031
Table 75: Rest of Europe Ancillary Services for Power Market Forecast, by Application, 2023-2031
Table 76: Rest of Europe Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2023-2031
Table 77: Rest of Europe Ancillary Services for Power Market Forecast, by End-use, 2023-2031
Table 78: Rest of Europe Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2023-2031
Table 79: Asia Pacific Ancillary Services for Power Market Forecast, by Service Type, 2023-2031
Table 80: Asia Pacific Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Service Type, 2023-2031
Table 81: Asia Pacific Ancillary Services for Power Market Forecast, by Application, 2023-2031
Table 82: Asia Pacific Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2023-2031
Table 83: Asia Pacific Ancillary Services for Power Market Forecast, by End-use, 2023-2031
Table 84: Asia Pacific Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2023-2031
Table 85: Asia Pacific Ancillary Services for Power Market Forecast, by Country and Sub-region, 2023-2031
Table 86: Asia Pacific Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Country and Sub-region, 2023-2031
Table 87: China Ancillary Services for Power Market Forecast, by Service Type, 2023-2031
Table 88: China Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Service Type 2023-2031
Table 89: China Ancillary Services for Power Market Forecast, by Application, 2023-2031
Table 90: China Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2023-2031
Table 91: China Ancillary Services for Power Market Forecast, by End-use, 2023-2031
Table 92: China Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2023-2031
Table 93: Japan Ancillary Services for Power Market Forecast, by Service Type, 2023-2031
Table 94: Japan Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Service Type, 2023-2031
Table 95: Japan Ancillary Services for Power Market Forecast, by Application, 2023-2031
Table 96: Japan Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2023-2031
Table 97: Japan Ancillary Services for Power Market Forecast, by End-use, 2023-2031
Table 98: Japan Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2023-2031
Table 99: India Ancillary Services for Power Market Forecast, by Service Type, 2023-2031
Table 100: India Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Service Type, 2023-2031
Table 101: India Ancillary Services for Power Market Forecast, by Application, 2023-2031
Table 102: India Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2023-2031
Table 103: India Ancillary Services for Power Market Forecast, by End-use, 2023-2031
Table 104: India Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2023-2031
Table 105: India Ancillary Services for Power Market Forecast, by End-use, 2023-2031
Table 106: India Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by End-use 2023-2031
Table 107: ASEAN Ancillary Services for Power Market Forecast, by Service Type, 2023-2031
Table 108: ASEAN Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Service Type, 2023-2031
Table 109: ASEAN Ancillary Services for Power Market Forecast, by Application, 2023-2031
Table 110: ASEAN Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2023-2031
Table 111: ASEAN Ancillary Services for Power Market Forecast, by End-use, 2023-2031
Table 112: ASEAN Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2023-2031
Table 113: Rest of Asia Pacific Ancillary Services for Power Market Forecast, by Service Type, 2023-2031
Table 114: Rest of Asia Pacific Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Service Type, 2023-2031
Table 115: Rest of Asia Pacific Ancillary Services for Power Market Forecast, by Application, 2023-2031
Table 116: Rest of Asia Pacific Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2023-2031
Table 117: Rest of Asia Pacific Ancillary Services for Power Market Forecast, by End-use, 2023-2031
Table 118: Rest of Asia Pacific Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2023-2031
Table 119: Latin America Ancillary Services for Power Market Forecast, by Service Type, 2023-2031
Table 120: Latin America Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Service Type, 2023-2031
Table 121: Latin America Ancillary Services for Power Market Forecast, by Application, 2023-2031
Table 122: Latin America Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2023-2031
Table 123: Latin America Ancillary Services for Power Market Forecast, by End-use, 2023-2031
Table 124: Latin America Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2023-2031
Table 125: Latin America Ancillary Services for Power Market Forecast, by Country and Sub-region, 2023-2031
Table 126: Latin America Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Country and Sub-region, 2023-2031
Table 127: Brazil Ancillary Services for Power Market Forecast, by Service Type, 2023-2031
Table 128: Brazil Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Service Type, 2023-2031
Table 129: Brazil Ancillary Services for Power Market Forecast, by Application, 2023-2031
Table 130: Brazil Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2023-2031
Table 131: Brazil Ancillary Services for Power Market Forecast, by End-use, 2023-2031
Table 132: Brazil Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2023-2031
Table 133: Mexico Ancillary Services for Power Market Forecast, by Service Type, 2023-2031
Table 134: Mexico Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Service Type, 2023-2031
Table 135: Mexico Ancillary Services for Power Market Forecast, by Application, 2023-2031
Table 136: Mexico Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2023-2031
Table 137: Mexico Ancillary Services for Power Market Forecast, by End-use, 2023-2031
Table 138: Mexico Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2023-2031
Table 139: Rest of Latin America Ancillary Services for Power Market Forecast, by Service Type, 2023-2031
Table 140: Rest of Latin America Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Service Type, 2023-2031
Table 141: Rest of Latin America Ancillary Services for Power Market Forecast, by Application, 2023-2031
Table 142: Rest of Latin America Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2023-2031
Table 143: Rest of Latin America Ancillary Services for Power Market Forecast, by End-use, 2023-2031
Table 144: Rest of Latin America Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2023-2031
Table 145: Middle East & Africa Ancillary Services for Power Market Forecast, by Service Type, 2023-2031
Table 146: Middle East & Africa Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Service Type, 2023-2031
Table 147: Middle East & Africa Ancillary Services for Power Market Forecast, by Application, 2023-2031
Table 148: Middle East & Africa Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2023-2031
Table 149: Middle East & Africa Ancillary Services for Power Market Forecast, by End-use, 2023-2031
Table 150: Middle East & Africa Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2023-2031
Table 151: Middle East & Africa Ancillary Services for Power Market Forecast, by Country and Sub-region, 2023-2031
Table 152: Middle East & Africa Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Country and Sub-region, 2023-2031
Table 153: GCC Ancillary Services for Power Market Forecast, by Service Type, 2023-2031
Table 154: GCC Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Service Type, 2023-2031
Table 155: GCC Ancillary Services for Power Market Forecast, by Application, 2023-2031
Table 156: GCC Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2023-2031
Table 157: GCC Ancillary Services for Power Market Forecast, by End-use, 2023-2031
Table 158: GCC Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2023-2031
Table 159: South Africa Ancillary Services for Power Market Forecast, by Service Type, 2023-2031
Table 160: South Africa Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Service Type, 2023-2031
Table 161: South Africa Ancillary Services for Power Market Forecast, by Application, 2023-2031
Table 162: South Africa Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2023-2031
Table 163: South Africa Ancillary Services for Power Market Forecast, by End-use, 2023-2031
Table 164: South Africa Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2023-2031
Table 165: Rest of Middle East & Africa Ancillary Services for Power Market Forecast, by Service Type, 2023-2031
Table 166: Rest of Middle East & Africa Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Service Type, 2023-2031
Table 167: Rest of Middle East & Africa Ancillary Services for Power Market Forecast, by Application, 2023-2031
Table 168: Rest of Middle East & Africa Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2023-2031
Table 169: Rest of Middle East & Africa Ancillary Services for Power Market Forecast, by End-use, 2023-2031
Table 170: Rest of Middle East & Africa Ancillary Services for Power Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2023-2031
List of Figures
Figure 1: Global Ancillary Services for Power Market Volume Share Analysis, by Service Type, 2022, 2025, and 2031
Figure 2: Global Ancillary Services for Power Market Attractiveness, by Service Type
Figure 3: Global Ancillary Services for Power Market Volume Share Analysis, by Application, 2022, 2025, and 2031
Figure 4: Global Ancillary Services for Power Market Attractiveness, by Application
Figure 5: Global Ancillary Services for Power Market Volume Share Analysis, by End-use, 2022, 2025, and 2031
Figure 6: Global Ancillary Services for Power Market Attractiveness, by End-use
Figure 7: Global Ancillary Services for Power Market Volume Share Analysis, by Region, 2022, 2025, and 2031
Figure 8: Global Ancillary Services for Power Market Attractiveness, by Region
Figure 9: North America Ancillary Services for Power Market Volume Share Analysis, by Service Type, 2022, 2025, and 2031
Figure 10: North America Ancillary Services for Power Market Attractiveness, by Service Type
Figure 11: North America Ancillary Services for Power Market Attractiveness, by Service Type
Figure 12: North America Ancillary Services for Power Market Volume Share Analysis, by Application, 2022, 2025, and 2031
Figure 13: North America Ancillary Services for Power Market Attractiveness, by Application
Figure 14: North America Ancillary Services for Power Market Volume Share Analysis, by End-use, 2022, 2025, and 2031
Figure 15: North America Ancillary Services for Power Market Attractiveness, by End-use
Figure 16: North America Ancillary Services for Power Market Attractiveness, by Country
Figure 17: Europe Ancillary Services for Power Market Volume Share Analysis, by Service Type, 2022, 2025, and 2031
Figure 18: Europe Ancillary Services for Power Market Attractiveness, by Service Type
Figure 19: Europe Ancillary Services for Power Market Volume Share Analysis, by Application, 2022, 2025, and 2031
Figure 20: Europe Ancillary Services for Power Market Attractiveness, by Application
Figure 21: Europe Ancillary Services for Power Market Volume Share Analysis, by End-use, 2022, 2025, and 2031
Figure 22: Europe Ancillary Services for Power Market Attractiveness, by End-use
Figure 23: Europe Ancillary Services for Power Market Volume Share Analysis, by Country and Sub-region, 2022, 2025, and 2031
Figure 24: Europe Ancillary Services for Power Market Attractiveness, by Country and Sub-region
Figure 25: Asia Pacific Ancillary Services for Power Market Volume Share Analysis, by Service Type, 2022, 2025, and 2031
Figure 26: Asia Pacific Ancillary Services for Power Market Attractiveness, by Service Type
Figure 27: Asia Pacific Ancillary Services for Power Market Volume Share Analysis, by Application, 2022, 2025, and 2031
Figure 28: Asia Pacific Ancillary Services for Power Market Attractiveness, by Application
Figure 29: Asia Pacific Ancillary Services for Power Market Volume Share Analysis, by End-use, 2022, 2025, and 2031
Figure 30: Asia Pacific Ancillary Services for Power Market Attractiveness, by End-use
Figure 31: Asia Pacific Ancillary Services for Power Market Volume Share Analysis, by Country and Sub-region, 2022, 2025, and 2031
Figure 32: Asia Pacific Ancillary Services for Power Market Attractiveness, by Country and Sub-region
Figure 33: Latin America Ancillary Services for Power Market Volume Share Analysis, by Service Type, 2022, 2025, and 2031
Figure 34: Latin America Ancillary Services for Power Market Attractiveness, by Service Type
Figure 35: Latin America Ancillary Services for Power Market Volume Share Analysis, by Application, 2022, 2025, and 2031
Figure 36: Latin America Ancillary Services for Power Market Attractiveness, by Application
Figure 37: Latin America Ancillary Services for Power Market Volume Share Analysis, by End-use, 2022, 2025, and 2031
Figure 38: Latin America Ancillary Services for Power Market Attractiveness, by End-use
Figure 39: Latin America Ancillary Services for Power Market Volume Share Analysis, by Country and Sub-region, 2022, 2025, and 2031
Figure 40: Latin America Ancillary Services for Power Market Attractiveness, by Country and Sub-region
Figure 41: Middle East & Africa Ancillary Services for Power Market Volume Share Analysis, by Service Type, 2022, 2025, and 2031
Figure 42: Middle East & Africa Ancillary Services for Power Market Attractiveness, by Service Type
Figure 43: Middle East & Africa Ancillary Services for Power Market Volume Share Analysis, by Application, 2022, 2025, and 2031
Figure 44: Middle East & Africa Ancillary Services for Power Market Attractiveness, by Application
Figure 45: Middle East & Africa Ancillary Services for Power Market Volume Share Analysis, by End-use, 2022, 2025, and 2031
Figure 46: Middle East & Africa Ancillary Services for Power Market Attractiveness, by End-use
Figure 47: Middle East & Africa Ancillary Services for Power Market Volume Share Analysis, by Country and Sub-region, 2022, 2025, and 2031
Figure 48: Middle East & Africa Ancillary Services for Power Market Attractiveness, by Country and Sub-region