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Subject: SVY

Economies Adopting Regulations to Promote Ancillary Services for Renewable Energy Penetration, Europe to Take Lead in Ancillary Services for Power Market: TMR

ALBANY, New York, July 16, 2020 /PRNewswire/ -- Ancillary services occupy key role in maintaining the reliability of electricity grids and quality of power in the light of constant fluctuations in distributed power generation. Intermittent renewable energy integration, notably of wind and solar energy, is a key part of evolution of demand for ancillary services for power industry.


In 2019, the global valuation of the ancillary services for power market stood at ~US$ 7 bn in 2019. Clocking a CAGR of ~8%, it is expected to reach worth of ~US$ 16 bn by 2030-end.

Analysts at Transparency Market Research opine that new regulations have come to forefront in the wake of COVID-19 pandemic, which will shape the outlook of ancillary services for power market. Streamlining the processes in power bidding and deployment of smart meters will reduce uncertainty in distributed energy resources, affirm the analysts.

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Key Findings of Ancillary Services for Power Market

Explore 112 pages of top-notch research, incisive insights, and detailed country-level projections of Ancillary Services for Power Market (Service Type: Voltage Control & Reactive Power Support, Black Start, Load Following, Operating Reserve, Regulation Service, and Others) - Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030 at https://www.transparencymarketresearch.com/pressrelease/ancillary-services-power-market.htm

Ancillary Services for Power Market: Key Driving Factors and Promising Avenues

Increasing drive for integration of intermittent distributed generation of wind and solar energy is a key trend bolstering the uptake of ancillary services in the power sector in several parts of the world. Managing a variable power reserves reliably has driven the need for ancillary services for the power market. Numerous regulatory trends and macroeconomic factors have propelled the growth of the market.

View Detailed Table of Contents at https://www.transparencymarketresearch.com/report-toc/42677

Ancillary Services for Power Market: Competitive Landscape

The presence of relatively large number of players both at regional and global level has raised the ante for new entrants and incumbents in the ancillary services for power market. Not only is the landscape intensely competitive, there exists a high degree of fragmentation.

Some of the players eyeing high stakes in the ancillary services for power market are PJM Interconnection LLC, Elia System Operator, Electric Reliability Council of Texas, Midcontinent Independent System Operator, Inc., General Electric, Transelectrica SA, and Snowy Hydro Limited.

Analyze Ancillary Services for Power Market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study

Ancillary Services for Power Market: Key Impediments for Stakeholders

Ongoing COVID-19 pandemic has spurred stakeholders in electricity market to follow power trading and adopt an hourly demarcation in the ancillary services for power market. Consequently, this has created unique uncertainties in energy trade demarcations for distribution companies.

Further, voltage deviation in distributed energy processes is significant concern for players in ancillary services for power market, which demands a high degree of efficiency in ancillary services. Moreover, renewable energy plants also need to keep a check in output fluctuations, dampening the adoption of renewables in the overall energy mix in some nations.

Purchase Premium Research Report on Ancillary Services for Power Market @ https://www.transparencymarketresearch.com/checkout.php?rep_id=42677&ltype=S

Global Ancillary Services for Power Market

Ancillary Services for Power Market, by Service Type

Ancillary Services for Power Market, by Region

Explore Transparency Market Research's award-winning coverage of the global Chemicals and Materials Industry,

High-performance Anti-corrosion Coatings Market - Global high-performance anti-corrosion coatings market is projected to grow at a CAGR of more than 5.0% between 2019 and 2027. The market is driven by growth of the global oil & gas industry. Asia Pacific accounts for a major share of the global market, due to growth of construction, marine, and oil & gas industries in the region.

Polyaspartic Coatings Market - Global polyaspartic coatings market is projected to grow at a CAGR of more than 6.5% between 2019 and 2027. Rising demand for protective coatings for transportation structural maintenance to impede the deterioration process and elongate the service lives of infrastructures is fuelling the demand for polyaspartic coatings

Smart Fault Detection System for Power Transmission Market - The global smart fault detection system for power transmission market can be segmented based on the application and geography. This system can be applied mainly for substations, switching stations, circuit switchers, manual switches and remote controlled switches. Europe and North America are major markets for smart fault detection system for power transmission.

Micro Combined Heat and Power Market - Rising demand for advanced renewable technologies to reduce carbon presence and to maintain clean energy supply is one of the important factors boosting growth of the global micro combined heat and power market in coming years. Government stringent regulation toward the reduction of tax and subsidiary are some of the factors positively augmenting for the growth of the global micro combined heat and power market in coming years.

Temporary Power Systems Market - Temporary power systems market depend on flywheel energy storage, hydrogen fuel cells, batteries, and generators. Sometimes, the power is lost due to the grid failure, scheduled blackouts, extreme weather, and substation faults. Many emergency power systems are generator based in modern buildings. Generators are generally driven by diesel engines. Small buildings may employ gasoline-driven generators, while large buildings employ gas turbines.

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About Transparency Market Research

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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