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 provides a deep insight into the global Electricity Ancillary Services market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
Market Value:
Global Electricity Ancillary Services market size was estimated at USD 8154 million in 2024 and is projected to reach USD 16711.94 million by 2032, exhibiting a CAGR of 8.30% during the forecast period.
By Applications:
Industrial Electricity Residential Electricity
By Types:
•Frequency Control
•Reactive Power & Voltage Control
•Black Start
•Operating Reserve
•Load Following
Key players include:
• PJM
• ERCOT
• CAISO
• ISO-NE
• Elia
• NYISO
• Energinet
• Snowy Hydro
