As the global economy mends, the 2021 growth of Ancillary Services for Power will have significant change from previous year. According to our (LP Information) latest study, the global Ancillary Services for Power market size is USD million in 2022 from USD million in 2021, with a change of % between 2021 and 2022. The global Ancillary Services for Power market size will reach USD million in 2028, growing at a CAGR of % over the analysis period.
The United States Ancillary Services for Power market is expected at value of US$ million in 2021 and grow at approximately % CAGR during review period. China constitutes a % market for the global Ancillary Services for Power market, reaching US$ million by the year 2028. As for the Europe Ancillary Services for Power landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period. In APAC, the growth rates of other notable markets (Japan and South Korea) are projected to be at % and % respectively for the next 5-year period.
Global main Ancillary Services for Power players cover Snowy Hydro, New York Independent System Operator, Elia Group, and PJM, etc. In terms of revenue, the global largest two companies occupy a share nearly % in 2021.
This report presents a comprehensive overview, market shares, and growth opportunities of Ancillary Services for Power market by product type, application, key players and key regions and countries.
Segmentation by type: breakdown data from 2017 to 2022 in Section 2.3; and forecast to 2028 in section 10.7.
Frequency Service
Non-frequency Service
Segmentation by application: breakdown data from 2017 to 2022, in Section 2.4; and forecast to 2028 in section 10.8.
Voltage Control and Reactive Power Support
Non-spinning Reserve
Load Following
Regulation
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major players in the market. The key players covered in this report: Breakdown data in in Chapter 3.
Snowy Hydro
New York Independent System Operator
Elia Group
PJM
Transelectrica
General Electric
Independent Electricity System Operator
Midcontinent Independent System Operator
Alberta Electric System Operator
Southwest Power Pool