We use cookies for a better user experience. Read our Privacy Policy
I AgreeThe competition for ancillary services has intensified due to the rising trend of distributed power generation. As such, the ancillary services for power market is fragmented with emerging market players accounting for a cumulative revenue share of ~88%. Thus, rising amount of intermittent distributed generation of wind and solar energy has fueled the demand for ancillary services. Greater fluctuation in system frequency and local network congestion are some of the key drivers that are catalyzing growth of the ancillary services for power market.
On the other hand, renewable power sources, such as the solar and wind energy are growing popular, owing to their cost efficiency attributes as compared to conventional power. As such, Europe is growing as the hub for harnessing the advantages of wind energy, resulting in increased demand for ancillary services for power. There is a need for better policies and regulations to streamline the ancillary services for power pertaining to renewable energy (RE) sources.
Request a sample to get extensive insights into the Ancillary Services for Power Market
Since electricity is stored in limited volumes, in several cases, consumer demands exceed the generation of electricity. Hence, companies in the ancillary services for power market are increasing their R&D activities in adjustable power reserves that play an instrumental role in upward and downward balancing. For instance, RTE France- an ancillary services provider for renewable energy, is increasing efforts to innovate in both automatically and manually activated reserves to meet specific needs of users.
To understand how our report can bring difference to your business strategy, Ask for a brochure
The ancillary services for power market is projected to reach a revenue of ~US$ 16 Bn by the end of 2030. This is evident, since coal-based electricity generation in the India ancillary services for power market is being replaced by renewable energy plants. Thus, renewable energy generation is one of the key trends, which is fueling growth for the market of ancillary services for power.
Companies in the ancillary services for power market are undertaking pilot projects pertaining to renewable energy plants in redispatch. However, output fluctuations and network congestions are some of the key challenges that are restricting the adoption of RE plants.
The global ancillary services for power market is projected to advance at a CAGR of ~8% during the assessment period. The trend of RE generation is becoming increasingly prominent in countries of Asia. As such, Asia Pacific is predicted to generate the second-highest revenue among all regions in the market for ancillary services for power. However, technical and political challenges pertaining to output fluctuations and network congestion are likely to impede growth for the market of ancillary services for power. Hence, operators are investing in the establishment of robust storage facilities involving high-capacity batteries and pumped storage hydro power.
Distribution companies (discom) in the ancillary services for power market prepare power procurement plans to eliminate any uncertainties regarding the demand and supply of electricity. This planning is typically carried out for a long period of over seven years, medium and short-term period of only months to set the demand and generation expectations correctly for discoms. However, real-time balance of the demand and supply of electricity has its uncertainties, making it difficult to balance the grid. Hence, companies in the ancillary services for power market are increasing efforts to achieve a clear demarcation between energy trade and system imbalance handling.
A proposed hourly real-time demarcation is expected to deploy greater efficiency in ancillary services for power and price discovery.
Europe is at the forefront in terms of revenue growth in the ancillary services for power market. This is evident since discoms in the U.K. are increasing efforts to launch a new platform involving ancillary services for power, in order to modernize its grid management toolkit. For instance, National Grid ESO-an investor-owned energy company announced the launch of their Platform for Ancillary Services (PAS) program, which provides information related to the service providers, dispatch services, and others. Thus, the trend of electronic instructions is bringing about a change in the ancillary services for power market.
Companies in the ancillary services for power are adopting platforms that deploy robust internet connectivity between the grid operators and service providers.
Power Trading and Hourly Demarcations Grow Prominent amidst COVID-19 Crisis
New set of regulations are being introduced to manage real-time markets such as the ancillary services for power amidst the COVID-19 outbreak. The Central Electricity Regulatory Commission (CERC) in India has decided to defer implementations in the real-time power market and has introduced new set of regulations that are currently being practiced. Thus, grid operators and service providers in other countries are taking cues from the CERC in India and brainstorming over techniques that can help in better resource utilization.
Due to ongoing developments in the COVID-19 outbreak, companies in the India ancillary services for power market are shifting their focus from long-term contracts to short-term contracts due to potential uncertainties in energy trade demarcations. The concept of hourly ream-time demarcation is growing prominent amidst the COVID-19 pandemic to avoid instances of power fluctuations and network congestion. This has led to power trading where discoms can buy power a day before in real-time markets.
Stuck in a neck-to-neck competition with other brands? Request a custom report on Ancillary Services for Power Market
Analysts’ Viewpoint
New regulations pertaining to power trading and hourly demarcations are being practiced in the India ancillary services for power market amidst the COVID-19 pandemic. As such, due to the growing trend of renewable energy power in India, there is a need for effective grid management capabilities to deliver flexibility in distributed energy resources.
Ancillary services platforms are a novel introduction in the market and play a key role in effective grid management protocols. However, the issues of uncertainty in distributed energy resources and voltage deviation are restricting the adoption of RE plants in Asian countries. Hence, companies should streamline the processes in power bidding and introduce smart meters to avoid instances of voltage deviation.
Ancillary Services for Power Market – Segmentation
TMR’s research study assesses the global ancillary services for power market based on service type and region. This report presents extensive market dynamics and progressive trends associated with different segments, and how they are influencing the growth prospects of the ancillary services for power market.
Service Type |
Voltage Control & Reactive Power Support Black Start Operating Reserve Load Following Regulation Service Others |
Region |
North America Latin America Europe Asia Pacific Middle East & Africa |
Interested in this report?
Get a FREE Brochure now!
*Get Brochure Report (PDF) sent to your email within minutes
1. Executive Summary
1.1. Market Outlook
1.2. Key Facts and Figures
1.3. Key Trends
1.4. TMR’s Growth Opportunity Wheel
2. Market Overview
2.1. Market Segmentation
2.2. Market Indicators
3. Market Dynamics
3.1. Drivers and Restraints Snapshot Analysis
3.1.1.1. Drivers
3.1.1.2. Restraints
3.1.1.3. Opportunities
3.2. Porter’s Five Forces Analysis
3.2.1. Threat of Substitutes
3.2.2. Bargaining Power of Buyers
3.2.3. Bargaining Power of Suppliers
3.2.4. Threat of New Entrants
3.2.5. Degree of Competition
3.3. Regulatory Scenario
3.4. Value Chain Analysis
4. Global Ancillary Services for Power Market Value (US$ Mn) Analysis, by Service Type
4.1. Key Findings and Introduction
4.2. Global Ancillary Services for Power Market Value (US$ Mn) Forecast, by Service Type, 2019–2030
4.2.1. Global Ancillary Services for Power Market Value (US$ Mn) Forecast, by Voltage Control & Reactive Power Support, 2019–2030
4.2.2. Global Ancillary Services for Power Market Value (US$ Mn) Forecast, by Black Start, 2019–2030
4.2.3. Global Ancillary Services for Power Market Value (US$ Mn) Forecast, by Operating Reserve, 2019–2030
4.2.4. Global Ancillary Services for Power Market Value (US$ Mn) Forecast, by Load Following, 2019–2030
4.2.5. Global Ancillary Services for Power Market Value (US$ Mn) Forecast, by Regulation Service, 2019–2030
4.2.6. Global Ancillary Services for Power Market Value (US$ Mn) Forecast, by Others, 2019–2030
4.3. Global Ancillary Services for Power Market Attractiveness Analysis, by Service Type
5. Global Ancillary Services for Power Market Analysis, by Region
5.1. Key Findings
5.2. Global Ancillary Services for Power Market Value (US$ Mn) Forecast, by Region
5.2.1. North America
5.2.2. Europe
5.2.3. Asia Pacific
5.2.4. Latin America
5.2.5. Middle East & Africa
5.3. Global Ancillary Services for Power Market Attractiveness Analysis, by Region
6. North America Ancillary Services for Power Market Overview
6.1. Key Findings
6.2. North America Ancillary Services for Power Market Value (US$ Mn) Forecast, by Service Type, 2019–2030
6.3. North America Ancillary Services for Power Market Value (US$ Mn) Forecast, by Country
6.3.1. U.S. Ancillary Services for Power Market Value (US$ Mn) Forecast, by Service Type, 2019–2030
6.3.2. Canada Ancillary Services for Power Market Value (US$ Mn) Forecast, by Service Type, 2019–2030
6.4. North America Ancillary Services for Power Market Attractiveness Analysis, by Service Type
6.5. North America Ancillary Services for Power Market Attractiveness Analysis, by Country
7. Europe Ancillary Services for Power Market Overview
7.1. Key Findings
7.2. Europe Ancillary Services for Power Market Value (US$ Mn) Forecast, by Service Type, 2019–2030
7.3. Europe Ancillary Services for Power Market Value (US$ Mn) Forecast, by Country and Sub-region
7.3.1. Germany Ancillary Services for Power Market Value (US$ Mn) Forecast, by Service Type, 2019–2030
7.3.2. U.K. Ancillary Services for Power Market Value (US$ Mn) Forecast, by Service Type, 2019–2030
7.3.3. France Ancillary Services for Power Market Value (US$ Mn) Forecast, by Service Type, 2019–2030
7.3.4. Italy Ancillary Services for Power Market Value (US$ Mn) Forecast, by Service Type, 2019–2030
7.3.5. Russia & CIS Ancillary Services for Power Market Value (US$ Mn) Forecast, by Service Type, 2019–2030
7.3.6. Rest of Europe Ancillary Services for Power Market Value (US$ Mn) Forecast, by Service Type, 2019–2030
7.4. Europe Ancillary Services for Power Market Attractiveness Analysis, by Service Type
7.5. Europe Ancillary Services for Power Market Attractiveness Analysis, by Country and Sub-region
8. Asia Pacific Ancillary Services for Power Market Overview
8.1. Key Findings
8.2. Asia Pacific Ancillary Services for Power Market Value (US$ Mn) Forecast, by Service Type, 2019–2030
8.3. Asia Pacific Ancillary Services for Power Market Value (US$ Mn) Forecast, by Country and Sub-region
8.3.1. China Ancillary Services for Power Market Value (US$ Mn) Forecast, by Service Type, 2019–2030
8.3.2. Japan Ancillary Services for Power Market Value (US$ Mn) Forecast, by Service Type, 2019–2030
8.3.3. India Ancillary Services for Power Market Value (US$ Mn) Forecast, by Service Type, 2019–2030
8.3.4. Japan Ancillary Services for Power Market Value (US$ Mn) Forecast, by Service Type, 2019–2030
8.3.5. ASEAN Ancillary Services for Power Market Value (US$ Mn) Forecast, by Service Type, 2019–2030
8.3.6. Rest of Asia Pacific Ancillary Services for Power Market Value (US$ Mn) Forecast, by Service Type, 2019–2030
8.4. Asia Pacific Ancillary Services for Power Market Attractiveness Analysis, by Service Type
8.5. Asia Pacific Ancillary Services for Power Market Attractiveness Analysis, by Country and Sub-region
9. Latin America Ancillary Services for Power Market Overview
9.1. Key Findings
9.2. Latin America Ancillary Services for Power Market Value (US$ Mn) Forecast, by Service Type, 2019–2030
9.3. Latin America Ancillary Services for Power Market Value (US$ Mn) Forecast, by Country and Sub-region
9.3.1. Brazil Ancillary Services for Power Market Value (US$ Mn) Forecast, by Service Type, 2019–2030
9.3.2. Mexico Ancillary Services for Power Market Value (US$ Mn) Forecast, by Service Type, 2019–2030
9.3.3. Rest of Latin America Ancillary Services for Power Market Value (US$ Mn) Forecast, by Service Type, 2019–2030
9.4. Latin America Ancillary Services for Power Market Attractiveness Analysis, by Service Type
9.5. Latin America Ancillary Services for Power Market Attractiveness Analysis, by Country and Sub-region
10. Middle East & Africa Ancillary Services for Power Market Overview
10.1. Key Findings
10.2. Middle East & Africa Ancillary Services for Power Market Value (US$ Mn) Forecast, by Service Type, 2019–2030
10.3. Middle East & Africa Ancillary Services for Power Market Value (US$ Mn) Forecast, by Country and Sub-region
10.3.1. GCC Ancillary Services for Power Market Value (US$ Mn) Forecast, by Service Type, 2019–2030
10.3.2. South Africa Ancillary Services for Power Market Value (US$ Mn) Forecast, by Service Type, 2019–2030
10.3.3. Rest of Middle East & Africa Ancillary Services for Power Market Value (US$ Mn) Forecast, by Service Type, 2019–2030
10.4. Middle East & Africa Ancillary Services for Power Market Attractiveness Analysis, by Service Type
10.5. Middle East & Africa Ancillary Services for Power Market Attractiveness Analysis, by Country and Sub-region
11. Competition Landscape
11.1. Competition Matrix
11.2. Global Ancillary Services for Power Market Share Analysis, by Company (2018)
11.3. Market Footprint Analysis
11.4. Company Profiles
11.4.1. Snowy Hydro Limited
11.4.1.1. Company Details
11.4.1.2. Company Description
11.4.1.3. Business Overview
11.4.1.4. Financial Details
11.4.1.5. Strategic Overview/Recent Developments
11.4.2. New York Independent System Operator
11.4.2.1. Company Details
11.4.2.2. Company Description
11.4.2.3. Business Overview
11.4.2.4. Financial Details
11.4.2.5. Strategic Overview/Recent Developments
11.4.3. Elia
11.4.3.1. Company Details
11.4.3.2. Company Description
11.4.3.3. Business Overview
11.4.3.4. Financial Details
11.4.3.5. Strategic Overview/Recent Developments
11.4.4. PJM
11.4.4.1. Company Details
11.4.4.2. Company Description
11.4.4.3. Business Overview
11.4.4.4. Financial Details
11.4.4.5. Strategic Overview/Recent Developments
11.4.5. Transelectrica SA
11.4.5.1. Company Details
11.4.5.2. Company Description
11.4.5.3. Business Overview
11.4.5.4. Financial Details
11.4.5.5. Strategic Overview/Recent Developments
11.4.6. General Electric Company
11.4.6.1. Company Details
11.4.6.2. Company Description
11.4.6.3. Business Overview
11.4.6.4. Financial Details
11.4.6.5. Strategic Overview/Recent Developments
11.4.7. Independent Electricity System Operator
11.4.7.1. Company Details
11.4.7.2. Company Description
11.4.7.3. Business Overview
11.4.7.4. Financial Details
11.4.7.5. Strategic Overview/Recent Developments
11.4.8. Midcontinent Independent System Operator, Inc.
11.4.8.1. Company Details
11.4.8.2. Company Description
11.4.8.3. Business Overview
11.4.8.4. Financial Details
11.4.8.5. Strategic Overview/Recent Developments
11.4.9. Electric Reliability Council of Texas
11.4.9.1. Company Details
11.4.9.2. Company Description
11.4.9.3. Business Overview
11.4.9.4. Financial Details
11.4.9.5. Strategic Overview/Recent Developments
11.4.10. Alberta Electric System Operator
11.4.10.1. Company Details
11.4.10.2. Company Description
11.4.10.3. Business Overview
11.4.10.4. Financial Details
11.4.10.5. Strategic Overview/Recent Developments
11.4.11. Southwest Power Pool, Inc.
11.4.11.1. Company Details
11.4.11.2. Company Description
11.4.11.3. Business Overview
11.4.11.4. Financial Details
11.4.11.5. Strategic Overview/Recent Developments
12. Primary Research – Key Insights
13. Appendix
13.1. Research Methodology and Assumptions
List of Tables
Table 01: Global Ancillary Services for Power Market Value (US$ Mn) Forecast, by Service Type, 2019–2030
Table 02: Global Ancillary Services for Power Market Value (US$ Mn) Forecast, by Region, 2019–2030
Table 03: North America Ancillary Services for Power Market Value (US$ Mn) Forecast, by Country, 2019–2030
Table 04: North America Ancillary Services for Power Market Value (US$ Mn) Forecast, by Service Type, 2019–2030
Table 05: U.S. Ancillary Services for Power Market Value (US$ Mn) Forecast, by Service Type, 2019–2030
Table 06: Canada Ancillary Services for Power Market Value (US$ Mn) Forecast, by Service Type, 2019–2030
Table 07: Europe Ancillary Services for Power Market Value (US$ Mn) Forecast, by Country and Sub-region, 2019–2030
Table 08: Europe Ancillary Services for Power Market Value (US$ Mn) Forecast, by Service Type, 2019–2030
Table 09: Germany Ancillary Services for Power Market Value (US$ Mn) Forecast, by Service Type, 2019–2030
Table 10: U.K. Ancillary Services for Power Market Value (US$ Mn) Forecast, by Service Type, 2019–2030
Table 11: Italy Ancillary Services for Power Market Value (US$ Mn) Forecast, by Service Type, 2019–2030
Table 12: France Ancillary Services for Power Market Value (US$ Mn) Forecast, by Service Type, 2019–2030
Table 13: Spain Ancillary Services for Power Market Value (US$ Mn) Forecast, by Service Type, 2019–2030
Table 14: Russia & CIS Ancillary Services for Power Market Value (US$ Mn) Forecast, by Service Type, 2019–2030
Table 15: Rest of Europe Ancillary Services for Power Market Value (US$ Mn) Forecast, by Service Type, 2019–2030
Table 16: Asia Pacific Ancillary Services for Power Market Value (US$ Mn) Forecast, by Country and Sub-region, 2019–2030
Table 17: Asia Pacific Ancillary Services for Power Market Value (US$ Mn) Forecast, by Service Type, 2019–2030
Table 18: China Ancillary Services for Power Market Value (US$ Mn) Forecast, by Service Type, 2019–2030
Table 19: India Ancillary Services for Power Market Value (US$ Mn) Forecast, by Service Type, 2019–2030
Table 20: Japan Ancillary Services for Power Market Value (US$ Mn) Forecast, by Service Type, 2019–2030
Table 21: ASEAN Ancillary Services for Power Market Value (US$ Mn) Forecast, by Service Type, 2019–2030
Table 22: Rest of Asia Pacific Ancillary Services for Power Market Value (US$ Mn) Forecast, by Service Type, 2019–2030
Table 23: Middle East & Africa Ancillary Services for Power Market Value (US$ Mn) Forecast, by Country and Sub-region, 2019–2030
Table 24: Middle East & Africa Ancillary Services for Power Market Value (US$ Mn) Forecast, by Service Type, 2019–2030
Table 25: GCC Ancillary Services for Power Market Value (US$ Mn) Forecast, by Service Type, 2019–2030
Table 26: South Africa Ancillary Services for Power Market Value (US$ Mn) Forecast, by Service Type, 2019–2030
Table 27: Rest of Middle East & Africa Ancillary Services for Power Market Value (US$ Mn) Forecast, by Service Type, 2019–2030
Table 28: Latin America Ancillary Services for Power Market Value (US$ Mn) Forecast, by Country and Sub-region, 2019–2030
Table 29: Latin America Ancillary Services for Power Market Value (US$ Mn) Forecast, by Service Type, 2019–2030
Table 30: Brazil Ancillary Services for Power Market Value (US$ Mn) Forecast, by Service Type, 2019–2030
Table 31: Mexico Ancillary Services for Power Market Value (US$ Mn) Forecast, by Service Type, 2019–2030
Table 32: Rest of Latin America Ancillary Services for Power Market Value (US$ Mn) Forecast, by Service Type, 2019–2030
List of Figures
Figure 01: Global Ancillary Services for Power Market Value Share Analysis, by Service Type, 2019–2030
Figure 02: Global Ancillary Services for Power Market Attractiveness Analysis, by Service Type
Figure 03: Global Ancillary Services for Power Market Value Share Analysis, by Region, 2019, 2025, and 2030
Figure 04: Global Ancillary Services for Power Market Attractiveness Analysis, by Region
Figure 05: North America Ancillary Services for Power Market Value (US$ Mn), 2019–2030
Figure 06: North America Ancillary Services for Power Market Value Share Analysis, by Country, 2019, 2025, and 2030
Figure 07: North America Ancillary Services for Power Market Attractiveness Analysis, by Country
Figure 08: North America Ancillary Services for Power Market Value Share Analysis, by Service Type, 2018, 2023, and 2027
Figure 09: North America Ancillary Services for Power Market Attractiveness Analysis, by Service Type
Figure 10: Europe Ancillary Services for Power Market Value (US$ Mn), 2019–2030
Figure 11: Europe Ancillary Services for Power Market Value Share Analysis, by Country and Sub-region, 2019, 2025, and 2030
Figure 12: Europe Ancillary Services for Power Market Attractiveness Analysis, by Country and Sub-region
Figure 13: Europe Ancillary Services for Power Market Value Share Analysis, by Service, 2019, 2025, and 2030
Figure 14: Europe Ancillary Services for Power Market Attractiveness Analysis, by Service Type
Figure 15: Asia Pacific Ancillary Services for Power Market Value (US$ Mn), 2019–2030
Figure 16: Asia Pacific Ancillary Services for Power Market Value Share Analysis, by Country and Sub-region, 2019, 2025, and 2030
Figure 17: Asia Pacific Ancillary Services for Power Market Attractiveness Analysis, by Country and Sub-region
Figure 18: Asia Pacific Ancillary Services for Power Market Value Share Analysis, by Service, 2019, 2025, and 2030
Figure 19: Asia Pacific Ancillary Services for Power Market Attractiveness Analysis, by Service Type
Figure 05: Middle East & Africa Ancillary Services for Power Market Value (US$ Mn), 2019–2030
Figure 21: Middle East & Africa Ancillary Services for Power Market Value Share Analysis, by Country and Sub-region, 2019, 2025, and 2030
Figure 22: Middle East & Africa Ancillary Services for Power Market Attractiveness Analysis, by Country and Sub-region
Figure 23: Middle East & Africa Ancillary Services for Power Market Value Share Analysis, by Service, 2019, 2025, and 2030
Figure 24: Middle East & Africa Ancillary Services for Power Market Attractiveness Analysis, by Service Type
Figure 25: Latin America Ancillary Services for Power Market Value (US$ Mn), 2019–2030
Figure 26: Latin America Ancillary Services for Power Market Value Share Analysis, by Country and Sub-region, 2019, 2025, and 2030
Figure 27: Latin America Ancillary Services for Power Market Attractiveness Analysis, by Country and Sub-region
Figure 28: Latin America Ancillary Services for Power Market Value Share Analysis, by Service, 2019, 2025, and 2030
Figure 29: Latin America Ancillary Services for Power Market Attractiveness Analysis, by Service Type
Figure 30: Global Ancillary Services for Power Market Industry Share Analysis, by Company, 2019
Figure 31: Snowy Hydro Limited Consolidated Net Sales (US$ Mn) and Y-o-Y Growth (%), 2015–2019
Figure 32: New York Independent System Operator Consolidated Net Sales (US$ Mn) and Y-o-Y Growth (%), 2014–2018
Figure 33: Elia Consolidated Net Sales (US$ Mn) and Y-o-Y Growth (%), 2014–2018
Figure 34: PJM Consolidated Net Sales (US$ Bn) and Y-o-Y Growth (%), 2014–2018
Figure 35: Transelectrica SA Consolidated Net Sales (US$ Mn) and Y-o-Y Growth (%), 2014–2018
Figure 36: General Electric Net Sales (US$ Bn) and Y-o-Y Growth (%), 2014–2018
Figure 37: Midcontinent Independent System Operator, Inc. Net Sales (US$ Mn) and Y-o-Y Growth (%), 2014–2018
Figure 38: Alberta Electric System Operator Net Sales (US$ Bn) and Y-o-Y Growth (%), 2014–2018
Complete the form below and we'll get back to you shortly.