Taking this thread on a related tangent, I am less concerned about the "Concentration space" than the "Reaction space".
I am not so much interested in rehashing the power level of Counterspell, Shield, Absorb Elements -- for purposes of this discussion I accept that the Wizard get great stuff at the cost of a slot is okay by some reasonable definition of okay. That said, I do think there is a serious Action Economy misbalance here. Casting two spells in a round is casting two spells in a round, and that is super powerful.
The problem here is not the Wizard in isolation. The problem here is that the Wizard does this an average of >1 times per combat, while in most combats the Fighter and Cleric does this zero times. The gap here is far too large IMNSHO.
To get to the point, I think some classes need medium power Reactions baked into the class chassis. The Rogue does well enough here with Uncanny Dodge. The Fighter might get a single Opportunity Attack once in a blue moon, but they basically need to pay the high cost of a Feat or a specialty subclass to do better than that. Some Cleric subclasses have something, but those mainly are appreciated because the Reaction cost is so irrelevant due to lack of options.