DUBLIN, October 14, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Automatic Generation Control Market 2016-2020" report to their offering.
The global automatic generation control (AGC) market is forecast to grow at a CAGR of 2.83% during the period 2016-2020.
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.
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
- GE-Alstom Grid
- Maverick Technologies
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Geographical segmentation
PART 08: Key leading countries
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Key vendor analysis
PART 16: Appendix
PART 17: About the Author
For more information about this report visit http://www.researchandmarkets.com/research/wtq89l/global_automatic
Research and Markets
Laura Wood, Senior Manager
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SOURCE Research and Markets