Technavio has been monitoring the automatic generation control market and it is poised to grow by $ 207.72 mn during 2020-2024, progressing at a CAGR of about 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200814005014/en/
Technavio has announced its latest market research report titled Global Automatic Generation Control Market 2020-2024 (Graphic: Business Wire)
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact
The market is concentrated, and the degree of concentratation will accelerate during the forecast period. 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 are some of the major 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.
The growing number of nuclear power plants has been instrumental in driving the growth of the market. However, threat from cyber-attacks in the automatic generation control might hamper market growth.
Automatic Generation Control Market 2020-2024 : Segmentation
Automatic Generation Control Market is segmented as below:
Non-renewable Energy Power Plants
Renewable Energy Power Plants
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR41576
Automatic Generation Control Market 2020-2024 : Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our automatic generation control market report covers the following areas:
Automatic Generation Control Market size
Automatic Generation Control Market trends
Automatic Generation Control Market industry analysis
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.
Automatic Generation Control Market 2020-2024 : Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the automatic generation control market, including some of the vendors such as 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. Backed with competitive intelligence and benchmarking, our research reports on the automatic generation control market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Automatic Generation Control Market 2020-2024 : Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist automatic generation control market growth during the next five years
Estimation of the automatic generation control market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the automatic generation control market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of automatic generation control market vendors
Table Of Contents :
Value chain analysis
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Application
Comparison by Application placement
NREPP - Market size and forecast 2019-2024
REPP - Market size and forecast 2019-2024
Market opportunity by Application
North America - Market size and forecast 2019-2024
APAC - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Drivers, Challenges, and Trends
Volume driver - Demand led growth
Volume driver - Supply led growth
Volume driver - External factors
Volume driver - Demand shift in adjacent markets
Price driver - Inflation
Price driver - Shift from lower to higher priced units
Market positioning of vendors
Enercon Engineering Inc.
General Electric Co.
Open Systems International Inc.
Regal Beloit Corp.
Rockwell Automation Inc.
Scope of the report
Currency conversion rates for US$
List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200814005014/en/