Rising improvement in smart grid solutions is expected to drive market expansion in the near future at a CAGR of 8.20% during the forecast period 2023 to 2032

Market Research Future (MRFR) has published a cooked research report on the “Global Ancillary Services Power Market” that contains information from 2018 to 2032. The ancillary services power market is estimated to register a CAGR of 8.20% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global ancillary services power market— General Electric Company, Siemens AG, ABB Ltd., Schneider Electric SE, Enel S.p.A., Duke Energy Corporation, Dominion Energy, Inc., NextEra Energy, Inc., EDF Energy, BP plc., Total SE and others

Market Highlights

The global ancillary services power market is accounted to register a CAGR of 8.20% during the forecast period and is estimated to reach USD 18.2 Billion by 2032.

The ancillary services power market is crucial for maintaining grid stability and reliability. As renewable energy integration rises, the demand for ancillary services like frequency regulation and voltage control is growing to ensure efficient power distribution.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Ancillary Services Power Market Research Report

Segment Analysis

The global ancillary services power market has been segmented based type and application.

On the basis of type, the market is segmented into spinning, non-spinning and others. The spinning segment dominated the market in 2022. The rising use of renewable energy sources like wind and solar power in the energy mix is driving the demand for spinning reserves. In contrast to conventional power plants, renewable energy sources are variable and intermittent, meaning that the amount of energy they produce might fluctuate dramatically.

Based on application, the global ancillary services power market has been segmented into grid stability, frequency regulation and voltage support. The grid stability category generated the most income in 2022. Thanks to the modern grid's often high degree of interconnectedness, power frequently crosses regional, governmental, and even international borders. This complexity makes ancillary services that can control and stabilize the grid across numerous locations and systems more essential.

Regional Analysis

The global ancillary services power market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe ancillary services power market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The ancillary services power market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World ancillary services power market comprises of Middle East, Africa, and Latin America.

The North America ancillary services power market dominated this market in 2022 (45.80%). As part of the integration of renewable energy from Canadian hydropower into the grid in the northeastern United States (known as the "New England Clean Energy Connect"), ancillary services are required to control the flow of electricity across borders and guarantee system stability. This cross-border energy trade illustrates the requirement of synchronized auxiliary services to facilitate efficient power transfers between areas.

Moreover, the second-largest market share belongs to the Europe. Within the European Union, advanced auxiliary services are required for cross-border power exchange. For instance, the integration of Norwegian hydropower into the European grid calls for effective management of power flows across borders. Initiatives like the NordLink interconnector, which also emphasizes the significance of ancillary services in maintaining cross-border grid stability, have made this integration possible.

Additionally, the Asia-Pacific ancillary services power market is expected to grow at the fastest CAGR from 2023 to 2032. Power demand is increasing as a result of China and India's growing economies. In order to sustain this growth and maintain the grid's stability, ancillary services are required. The construction of major coal and nuclear power plants and the integration of renewable energy sources highlights the variety of energy sources that ancillary services must manage to ensure stability.

Furthermore, the rest of the world's ancillary services power market is divided into the Middle East, Africa, and Latin America. The ancillary services power market in Latin America is vital for grid stability, particularly with rising renewable energy integration. The region's focus on maintaining efficient power distribution fuels demand for services like frequency regulation and voltage control.

Key Findings of the Study

• The global ancillary services power market is expected to reach USD 18.2 Billion by 2032, at a CAGR of 8.20% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market. The economic expansion of China and India fuels a rising need for power. Ancillary services are necessary to support this expansion and keep the grid stable.


• Based on application, the grid stability segment was attributed to holding the largest market in 2022.


• General Electric Company, Siemens AG, ABB Ltd., Schneider Electric SE, Enel S.p.A., Duke Energy Corporation, Dominion Energy, Inc., NextEra Energy, Inc., EDF Energy, BP plc., Total SE and others