Press release
Middle East and Africa Ancillary Services Power Market Updation Drives Infrastructure Growth
Ancillary Services Power Market
The global ancillary services power market is projected to expand at a robust CAGR of 6.2% from 2024 to 2030, reaching an estimated valuation of USD 55 billion by 2030. Growing integration of renewable energy sources, grid modernization initiatives, and the increasing need for grid stability and reliability are key drivers for this surge.
Ancillary services such as frequency regulation, voltage control, spinning reserves, and black start capabilities are gaining prominence as power grids evolve to accommodate fluctuating power generation from wind and solar energy. Leading industry players are investing in advanced technology and infrastructure to meet the growing market demand.
Competitive Landscape and Higher Demand Regions
The market is highly competitive with prominent companies like Siemens AG, General Electric (GE) Energy, ABB Ltd, Schneider Electric, and Eaton Corporation focusing on strategic partnerships, innovations, and regional expansions. The Asia Pacific region stands out as the highest demand zone due to rapid urbanization, increased renewable integration, and investments in smart grids.
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Regional Market Insights
United States: Growth Driven by Renewable Integration and Grid Modernization
The United States is witnessing significant growth in ancillary services power due to heightened renewable energy adoption and regulatory mandates for grid reliability. Investments in advanced frequency regulation and demand response services are transforming the market.
M&A Activity: General Electric (GE) Energy recently acquired a technology startup specializing in grid-scale battery storage solutions, enhancing its ancillary service offerings in North America.
Asia Pacific: Opportunities from Rapid Urbanization and Renewable Expansion
The Asia Pacific region offers vast opportunities driven by countries like China, India, and Japan, where power grids are evolving to support extensive solar and wind capacity. Governments are investing in smart grid infrastructure, boosting demand for ancillary services to maintain grid stability.
Recent Development: Siemens AG inaugurated a new smart grid control center in India, aimed at optimizing ancillary services and improving grid performance.
Europe: Trends in Decarbonization and Regulatory Support
Europe is a frontrunner in decarbonization efforts, propelling demand for ancillary services power to balance the growing share of intermittent renewable sources. Regulations are pushing utilities towards adopting advanced ancillary services like frequency response and voltage control.
Consolidation: ABB Ltd strengthened its European footprint by acquiring a grid automation firm in Germany, enhancing its ancillary services portfolio.
Middle East and Africa: Updation and Infrastructure Development
The Middle East and Africa region is updating its power infrastructure with a focus on grid modernization and renewable energy projects. Countries like UAE and South Africa are investing in ancillary services to ensure grid stability amid increasing renewable penetration.
Industry Update: Schneider Electric secured a contract to deploy ancillary service solutions in South Africa, supporting the country's renewable integration targets.
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Breaking Down the Ancillary Services Power Market: Key Segments Shaping the Industry
by Type
Frequency Controlled Ancillary Services
Network Controlled Ancillary Services
The market is divided into two segments based on type: network-controlled ancillary services and frequency-controlled ancillary services. In 2024, the greatest Ancillary Services Power Market share was held by the Frequency Controlled Ancillary Services category. Through real-time load and power generation balancing, the frequency-controlled ancillary services help to maintain the required frequency. Primary frequency control, secondary response, and tertiary frequency control are the three degrees of frequency control. Frequencies fluctuate as a result of a fluctuating load on the power supply caused by the growing demand for electric gadgets and appliances. The innovations in frequency-controlled ancillary services are driving the market growth at a high CAGR in the forecast period.
by Service
Voltage Control & Reactive Power Support
Black Start
Operating Reserve
Load Following
Regulation Service
Other Service
Voltage Control and Reactive Power Support, Black Start, Operating Reserve, Load Following, Regulation Service, and Other Services are the market segments based on service. Over the course of the projected period, the Black Start section is anticipated to expand quickly. Gas power plants, hydroelectric power plants, and compressed air storage power plants all use the black start. These plants are capable of producing a lot of energy, but they require an outside power source to begin producing electricity. This power plant uses the black start to start up on its own without the need for an external power source. Black start's rise in the auxiliary services power industry is being driven by the expansion of energy generation and the increase in power demand.
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Meet the Industry Leaders Revolutionizing the Ancillary Services Power Market
1. New York Independent System Operator [New York, USA]
2. Independent Electricity System Operator [Ontario, Canada]
3. Midcontinent Independent System Operator, Inc. [Carmel, Indiana, USA]
4. Electric Reliability Council of Texas [Taylor, Texas, USA]
5. Southwest Power Pool, Inc. [Little Rock, Arkansas, USA]
6. Snowy Hydro Limited [Australia - note: originally Australian, but included here for convenience as it operates globally]
Europe:
1.Elia [Brussels, Belgium]
Asia Pacific:
1.Transelectrica SA [Bucharest, Romania]
2.Alberta Electric System Operator [Calgary, Alberta, Canada]
Uncover Key Insights Answering the Biggest Questions in the Ancillary Services Power Market
What is Ancillary Services Power ?
What is the growth rate of the Ancillary Services Power Market?
Which are the factors expected to drive the Ancillary Services Power market growth?
What is the CAGR at which the Ancillary Services Power market will grow during the forecast period?
What are the different segments of the Ancillary Services Power Market?
Which is the fastest growing region in the Ancillary Services Power market?
What growth strategies are the players considering to increase their presence in Ancillary Services Power ?
What are the upcoming opportunities and trends for the Ancillary Services Power Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Ancillary Services Power Market?
Who are the leading companies and what are their portfolios in Ancillary Services Power Market?
What segments are covered in the Ancillary Services Power Market?
Who are the key players in the Ancillary Services Power market?
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Explore the Revolutionary Products Powering Market Success
Past Size and Competitive Landscape
• Past Pricing and price curve by region
• Size, Share, Size Forecast by different segment
• Dynamics Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Segmentation A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape Profiles of selected key players by region from a strategic perspective
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