The Key Players in Global Automatic Generation Control (AGC) Market 2016-2020

Wednesday 12 October 2016, Amsterdam

The report, now available on ASDReports, recognizes the following companies as the key players in the global automatic generation control (AGC) market: ABB, GE-Alstom Grid, OSI, and Siemens.

Other Prominent Vendors in the market are: ANDRITZ, DEIF, ENERCON, Hitachi, Maverick Technologies, and Regal-Beloit.

Commenting on the report, an analyst said: “Increase in distribution generation will be a key trend for market growth. Distribution generation refers to the small-scale power generation through the use of generators or renewables at the point of consumption. This process is gaining popularity due to reduction in cost of energy systems such as solar PV and support from various countries due to its economic and emission benefits.”

According to the report, increase in investments in smart grid technologies will be a key driver for market growth. The growth in global population has triggered an increased demand for electricity. Transmission and distribution losses, rise in demand for power, and the demand-supply mismatch are leading to global power crisis. To overcome this challenge, countries such as the US, China, India, and the UK have started adopting smart grid technologies such as phasor measurement units, RTU’s IED, and smart meters.

Further, the report states that deregulation of power market will be a challenge for the market. The electrical grid is a complex and dynamic system, as it involves various activities such as power generation, transmission, and distribution. Earlier, the whole grid was largely owned and managed by a single entity; however, the power system changed drastically due to the deregulation that started in Europe and the US since the 1990s. The deregulation gave rise to generation companies, distribution companies, transmission companies and independent system operators where in each activity was treated separately.

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.