Global Automatic Generation Control Market 2016-2020
An AGC is a closed loop control system that controls multiple generators in an interconnected power system within a specified area. Generators are usually equipped with a primary controller for controlling frequency/active power control and voltage/ reactive power control; however, in a grid there are multiple generators that have to function in tandem with each other. AGC is used as a secondary controller for multiple generators. This system will ensure that the frequency and voltage is within a specified range even between the interconnected utility connection, and share the total power generated between assigned generators.
Technavio’s analysts forecast the global automatic generation control (AGC) market to grow at a CAGR of 2.83% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global automatic generation control (AGC) market for 2016-2020. To calculate the market size, the report considers the application of AGC, as it helps monitor and control power and frequency of an electric grid to acceptable levels.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automatic Generation Control (AGC) Market 2016-2020
Technavio 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 from Technavio’s team 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.
ABB, GE-Alstom Grid, OSI, Siemens, ANDRITZ, DEIF, ENERCON, Hitachi, Maverick Technologies, and Regal-Beloit.
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