Quick Summary:
As the global marketplace continues to evolve, so does the demand for effective and efficient energy regulation. The automatic generation control market is on the brink of substantial growth, fueled by rising demands in both residential and commercial sectors and an increase in nuclear and renewable power plants.
Our comprehensive report offers an intricate analysis of this burgeoning market. We shed light on trends, growth drivers, challenges, and provide a detailed vendor analysis including major players such as ABB Ltd., Andritz AG, General Electric Co., and Schneider Electric SE. We also highlight future growth opportunities resulting from the emergence of smart grids, an increase in cross-border electricity trading and a rising demand for mobile power stations. Our report will equip you with the insights needed to strategize and leverage forthcoming growth in the automatic generation control market. With an extensive focus on profit, pricing, competition, and industry influencers, our research ensures reliability and a depth of understanding that suits any business executive.
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The automatic generation control market is forecasted to grow by USD 257.3 mn during 2023-2028, accelerating at a CAGR of 3.78% during the forecast period. The report on the automatic generation control market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the increase in the number of residential and commercial building projects, the growing number of nuclear power plants, and rising renewable power generation.
The automatic generation control market is segmented as below:
By Application
- Non-renewable energy power plants
- Renewable energy power plants
By Type
- Turbine governor control
- Load frequency control
- Economic dispatch
By Geographical Landscape
- North America
- APAC
- Europe
- South America
- Middle East and Africa
The report on the automatic generation control market covers the following areas:
- Automatic generation control market sizing
- Automatic generation control market forecast
- Automatic generation control market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
List of Exhibits
Executive Summary
The publisher recognizes the following companies as the key players in the global automatic generation control market: ABB Ltd., Andritz AG, DEIF AS, Emerson Electric Co., ENERCON GmbH, ETAP Operation Technology Inc., General Electric Co., Hitachi Ltd., Honeywell International Inc., Hubbell Inc., Larsen and Toubro Ltd., Mitsubishi Electric Corp., Regal Beloit Corp., Rockwell Automation Inc., Schneider Electric SE, Schweitzer Engineering Laboratories Inc., Siemens AG, Suzlon Energy Ltd., Wartsila Corp., and Yokogawa Electric Corp..Commenting on the report, an analyst from the research team said: 'The latest trend gaining momentum in the market is the emergence of smart grids.'
According to the report, one of the major drivers for this market is the increase in a number of residential and commercial building projects.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned
A selection of companies mentioned in this report includes:
- ABB Ltd.
- Andritz AG
- DEIF AS
- Emerson Electric Co.
- ENERCON GmbH
- ETAP Operation Technology Inc.
- General Electric Co.
- Hitachi Ltd.
- Honeywell International Inc.
- Hubbell Inc.
- Larsen and Toubro Ltd.
- Mitsubishi Electric Corp.
- Regal Beloit Corp.
- Rockwell Automation Inc.
- Schneider Electric SE
- Schweitzer Engineering Laboratories Inc.
- Siemens AG
- Suzlon Energy Ltd.
- Wartsila Corp.
- Yokogawa Electric Corp.
