Automatic Generation Control Market Size, Demand and Strategies 2024

1. Downloaded from: justpaste.it/1nzat Automatic Generation Control Market Size, Share and Application 2024 Automatic Generation Control Market size has the potential to grow by USD 207.72 million during 2020-2024, and the market’s growth momentum will accelerate during the forecast period. Get Sample of the Report: https://www.technavio.com/talk-to-us? report=IRTNTR41576&type=sample&src=report This report provides a detailed analysis of the market by application (non-renewable energy power plants and renewable energy power plants) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including ABB Ltd., ANDRITZ AG, DEIF AS, Enercon Engineering Inc., General Electric Co., Hitachi Ltd., Open Systems International Inc., Regal Beloit Corp., Rockwell Automation Inc., and Siemens AG. Market Competitive Analysis The automatic generation control market is concentrated. The increasing investments by various governments in the expansion and establishment of power plants is expected to create ample growth opportunities for vendors in the automatic generation control market. Hitachi Ltd., Open Systems International Inc., Regal Beloit Corp., Rockwell Automation Inc., and Siemens AG are some of the major market participants. Although the growing number of nuclear power plants will offer immense growth opportunities, the threat from cyber-attacks in the automatic generation control will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. To help clients improve their market position, this automatic generation control market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this automatic generation control market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of their future growth opportunities. Automatic Generation Control Market: Key Drivers and Trends The growing number of nuclear power plants will be a significant factor in driving the growth of the automatic generation control market. Various countries are focusing on setting up nuclear power plants as the electricity produced by these plants is inexpensive, and the power generation process does not release greenhouse gases (CO2 and methane) into the environment. For instance, UAE is testing the third reactor of the Barakah Nuclear Energy Plant in Al Dhafra, UAE, to cater to the country’s rising electricity needs. The 1,000 MW PWR Type Hualong One power plant in Argentina built with the help of Chinese technologies, and financial support will also help in meeting the energy needs of the country. Moreover, the US government has agreed to build six atomic

2. power plants in India. Automatic generation control is used in nuclear power plants to stabilize the fluctuation of grid frequency and adjust the output of electric power according to the variation of demand. With the growing number of power plants, the demand for automatic generation control will also increase during the forecast period. The increasing renewable power generation will also fuel the growth of the automatic generation control market. The growing concerns regarding environmental pollution and global warming have compelled governments to invest in renewable power sources. The increase in the size of energy grids due to the addition of renewable energy capacity will drive the demand for various power control and safety equipment, including automatic generation control. Regulations regarding emission control, the use of renewable energy in some of the biggest power generating and consuming nations, and the decreasing cost of renewable energy will further support the growth of the automatic generation control market. During 2020-2024, the automatic generation control market will grow at a CAGR of over 4%. Contact us: Contact no- +91 806 191 4606 Email Id: enquiry@technavio.com