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The automatic generation control market size is estimated to increase by USD 257.3 million and grow at a CAGR of 3.78% between 2023 and 2028. The surge in residential and commercial construction projects is paralleled by a growing number of nuclear power plants and an upswing in renewable energy generation, propelling market expansion. However, this growth faces challenges from cyber threats targeting these systems. Additionally, the rapid evolution of electricity demands further complicates the landscape. Compounding these factors, the closure of coal-fired power plants adds another dimension to the market dynamics. Despite these obstacles, the overall trend suggests a resilient industry adapting to changing energy landscapes, where innovation and security measures play critical roles in sustaining growth amidst evolving challenges.
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The non-renewable energy power plants segment is estimated to witness significant growth during the forecast period. The non-renewable energy power plants segment contains coal power, nuclear power, oil power, and natural gas power plants. Non-renewable energy power plants (NREPPs) use natural resources to generate electricity. Nuclear power is considered non-renewable because of the limited supply of uranium.
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Some of the benefits of NREPPs include the capability to generate high amounts of electricity, easily available and easy to use, conveniently transported across the globe, and easy to store. This encourages governments to invest in NREPPs. Thus, an increase in the installation of NREPPs can drive the growth of the global market during the forecast period.
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APAC is estimated to contribute 32% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
Another region offering significant growth opportunities to market players is North America. The growth of the residential and commercial sectors in North America will lead to an increase in demand for power, thereby driving the demand.
In addition, the availability of low borrowing costs and wage growth are leading to an increase in demand for more housing units in North America. This is encouraging enterprises in the construction industry to invest in construction and infrastructural development activities. Furthermore, the establishment of new REPPs will increase the demand that can improve their performance. Owing to the above-mentioned factors, the adoption systems will increase in North America during the forecast period.
In the realm of power generation and distribution, the effectiveness of control mechanisms is paramount, particularly in the context of diverse energy sources ranging from traditional power plants to emerging renewable energy projects. Nuclear energy and nuclear power plants contribute to the energy mix, relying on precise load regulation and closed-loop systems managed by turbine-governor control and Setpoint controllers. These systems ensure stable grid frequency and power output, crucial for maintaining grid stability. With the increasing integration of renewable energy sources such as wind and solar plants, alongside hydropower plants and thermal power plants, the role of Turbine-Governor Control and Load-Frequency Control becomes even more critical. By minimizing Area Control Error (ACE) and optimizing power generation, these mechanisms enable a resilient power system capable of meeting fluctuating electricity demands while facilitating the transition towards a sustainable energy future. Industrial automation products play a vital role in ensuring the efficiency and reliability of these control systems, fostering a dynamic energy ecosystem.
The rising renewable power generation is the key factor driving market growth. With the rising concerns regarding environmental pollution and global warming, governments are increasingly investing in renewable power sources. The addition of renewable energy capacity will lead to an increase in the size of the grids. Power control and safety equipment are required at the generating point and the point of interconnection between the supply line and the transmission network.
Moreover, the global capacity is expected to grow significantly. Another significant factor supporting the adoption of renewable energy is its decreasing cost. Hence, with the growing adoption of renewable power generation, the demand for AGC will increase, thereby driving the growth of the market during the forecast period.
Rising demand for mobile power plants is the primary trend shaping market growth. Many people across the world, especially in underdeveloped and developing nations, have minimal or no access to electricity. Power shortages have become a significant barrier to the development of the economy in developing countries. Therefore, the demand for flexible and quick power generation is rising across the world.
Moreover, flexible and quick power generation plants are easy to set up and deploy, which makes them effective for providing power in any remote location or during emergency situations. In mobile power plants, automatic generation control can be used to adjust the power outputs of generators based on the changes in load demand. Therefore, the increasing demand for mobile power plants will drive market growth during the forecast period.
Fast-changing electricity requirements is a challenge that affects market growth. These systems maintain nominal frequency and balance power distribution as scheduled, but with fast-changing electricity requirements, these systems sometimes fail to meet the performance requirements. Moreover, in multi-machine power systems, the outputs of individual machines are determined by various constraints, including availability and costs.
Moreover, as the load on networks in multi-machine power systems constantly changes, the complexities regarding hardware and software in automatic generation control can impact the output of these systems. Hence, fast-changing electricity requirements can impact the output offered by these systems. Therefore, enterprises seek alternatives to automatic generation systems, which may impede the growth of the market during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
ABB Ltd.: The company offers automatic generation control solutions to help maintain stable plant operation of frequency and voltage and coordinated control of generator power outputs.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Million" for the period 2024 to 2028, as well as historical data from 2018 to 2023 for the following segments
The market is witnessing significant growth driven by the need to efficiently manage power output and ensure grid stability amidst a changing energy landscape. Leveraging control mechanisms and real-time monitoring, AGC systems regulate system frequency and real power interchange across balancing authority areas. With the rise of nuclear fission and renewable energy sources like hydropower plants, thermal power plants, wind energy projects, and solar plants, AGC plays a pivotal role in maintaining grid frequency and optimizing energy consumption. In parallel, advancements in industrial automation products enhance manufacturing processes and supply chain efficiency, while mitigating GHG emissions. AGC facilitates load-frequency control and Turbine-Governor Control, ensuring seamless integration of renewable energy and automation into the power system. As local industries embrace digital solutions for industrial control and automation, AGC emerges as a cornerstone for sustainable power management and grid stability in the face of aging infrastructure and fluctuating demands.
In the realm of power generation and distribution, the Automatic Generation Control (AGC) market is witnessing a transformative phase, propelled by a confluence of factors. Advanced control mechanisms are at the forefront, orchestrating the delicate balance between supply and demand, while minimizing factory downtime through proactive adjustments. The integration of digital solutions empowers smoother operations, optimizing industrial activities across diverse sectors. Embracing renewable energy sources like hydropower and solar energy, alongside traditional thermal and nuclear plants, AGC ensures efficient utilization and grid stability. As automation and modern production reshape industries, AGC acts as the linchpin, synchronizing feedback signals to regulate critical parameters like turbine speed and electric generator output. Through closed-loop systems and meticulous load regulation, AGC mitigates Area Control Error (ACE), bolstering resilience in the face of aging grid infrastructure. Furthermore, it facilitates secondary control and ancillary services, ensuring a dynamic and reliable energy ecosystem for the future.
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Automatic Generation Control Market Scope |
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Report Coverage |
Details |
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Page number |
176 |
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Base year |
2023 |
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Historic period |
2018 - 2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3.78% |
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Market growth 2024-2028 |
USD 257.3 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
3.18 |
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Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 32% |
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Key countries |
US, China, Japan, Germany, and UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
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. |
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Market dynamics |
Parent market analysis, market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the market forecast period |
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Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
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
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