The anticipated growth of the United States Power Ancillary Service Market is attributed to regulatory frameworks and policies, specifically those pertaining to pipeline infrastructure and environmental compliance throughout the forecast period.
According to the TechSci Research report, titled “United States Power Ancillary Service Market – By Region, Competition, Forecast and Opportunities, 2018-2028,” robust growth is expected in the United States Power Ancillary Service Market. Strict energy efficiency standards and regulations mandated by governmental bodies such as the U.S. Department of Energy (DOE) and the Environmental Protection Agency (EPA) drive the adoption of high-efficiency electric motors. Compliance with these standards is essential for manufacturers to meet market demands.
The Frequency Controlled Ancillary Services segment is projected to dominate the market based on service type during the forecast period. This segment has witnessed technological advancements, including the integration of advanced control systems, smart grid technologies, and energy storage solutions. These technologies enhance the efficiency and responsiveness of frequency control measures, allowing for quicker and more accurate adjustments to changes in the grid. Market mechanisms for Frequency Controlled Ancillary Services may involve both regulation and deregulation models, impacting providers’ participation in competitive markets or involvement with grid operators and utilities, depending on the regulatory environment.
The Frequency Regulation segment is expected to dominate the market based on application throughout the forecast period. Some electric motors, particularly those used in industrial applications, can be part of demand response programs. Regulatory support for demand response initiatives and flexible load management can drive the adoption of electric motors for frequency regulation purposes, aligning with broader grid modernization initiatives. The strategic deployment of electric motors, incorporating smart technologies and control systems, contributes to frequency regulation objectives as part of grid modernization efforts.
Key market players in the United States Power Ancillary Service Market include AES Corporation, Duke Energy Corporation, Exelon Corporation, California Independent System Operator (CAISO), PJM Interconnection, ERCOT (Electric Reliability Council of Texas), General Electric (GE), Siemens Energy, NextEra Energy, and Invenergy.
The report suggests that the South US, particularly states such as Texas, is poised to be the dominant force in the United States Power Ancillary Service Market. Energy-intensive industries in these states, including oil and gas, may influence the demand for electric motors based on economic conditions, energy prices, and regulatory policies. State-specific regulations and energy policies can impact the adoption of energy-efficient electric motors, with incentives and mandates playing a significant role in influencing market dynamics.
The report, titled “United States Power Ancillary Service Market Segmented By Service Type (Frequency Controlled Ancillary Services, Network Controlled Ancillary Services, and Others), By Application (Frequency Regulation, Voltage Compensation, Renewable Integration, Operational Management, and Others), By End-User (Residential, Commercial, and Industrial), By Region, and By Competition, 2018-2028,” evaluates the future growth potential of the United States Power Ancillary Service Market. The report provides statistics and information on market size, structure, and future market growth, aiming to offer cutting-edge market intelligence and assist decision-makers in making informed investment decisions. Additionally, the report identifies and analyzes emerging trends, essential drivers, challenges, and opportunities in the United States Power Ancillary Service Market.
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