In addition to providing the necessary electrical infrastructure for all kinds of power plants (conventional, wind, solar), grid services ensure that the power generated reaches subs.
This report contains market size and forecasts of Power Grid Services in Global, including the following market information:
Global Power Grid Services Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Power Grid Services market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Reactive Power Compensation Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Power Grid Services include Siemens AG, ABB Ltd, Aker Solutions ASA, Bandak Group AS, Cameron International Corp, Dril-Quip Inc., Expro International Group Holdings Limited, FMC Technologies Inc. and General Electric Co., etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Power Grid Services companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Power Grid Services Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Power Grid Services Market Segment Percentages, by Type, 2021 (%)
Reactive Power Compensation
Voltage Regulation
Flicker Control
Active Power Filtering
Harmonic Cancellation
Global Power Grid Services Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Power Grid Services Market Segment Percentages, by Application, 2021 (%)
Industrial Electricity
Residential Electricity
Global Power Grid Services Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Power Grid Services Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Power Grid Services revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Power Grid Services revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Siemens AG
ABB Ltd
Aker Solutions ASA
Bandak Group AS
Cameron International Corp
Dril-Quip Inc.
Expro International Group Holdings Limited
FMC Technologies Inc.
General Electric Co.
JDR Cable Systems (Holdings) Ltd
Nexans SA
Norddeutsche Seekabelwerke Gmbh (NSW)
Oceaneering International Inc.
Parker Hannifin Corporation
Prysmian Group
Schlumberger Limited
SIEM Offshore Contractors
Technip SA