Market Overview
United States Power Ancillary Service Market was valued at USD 6.09 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 6.14% through 2028. Governments and utility companies often offer incentives and rebates to encourage the adoption of energy-efficient technologies. These programs provide financial benefits to businesses and consumers who invest in high-efficiency electric motors, making them more attractive from a cost perspective.
Key Market Players
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
Invenergy
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