Rising Renewable Energy Integration Drives Growth in Ancillary...

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2026-05-08 16:40:41 -

Rising Renewable Energy Integration Drives Growth in Ancillary Services for Power Market

The global Ancillary Services for Power Market was valued at US$ 8.0 billion in 2022 and is projected to reach US$ 16.9 billion by the end of 2031, expanding at a CAGR of 7.8% from 2023 to 2031. Market growth is driven by the increasing integration of renewable energy sources, rising demand for grid stability and reliability, and growing investments in smart grid infrastructure and advanced...

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