Global Automatic Generation Control Market 2024-2028

Global Automatic Generation Control Market 2024-2028

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.

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.

Technavio's 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

This study identifies the emergence of smart grids as one of the prime reasons driving the automatic generation control market growth during the next few years. Also, the growth of cross-border electricity trading and rising demand for mobile power plants will lead to sizable demand in the market.

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 robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automatic generation control market vendors that include 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.. Also, the automatic generation control market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

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.