Rising Electricity Demand Fuels Growth of Automatic Generation Control Market: A Key Catalyst Accelerating Automatic Generation Control Market Growth in 2025

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

Automatic Generation Control Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, the automatic generation control market has seen robust growth. It is projected to rise from a worth of $12.95 billion in 2024 to a value of $14.13 billion in 2025, displaying a compound annual growth rate (CAGR) of 9.1%. Factors such as fluctuations in load, integration of renewable energy, grid interconnection, demand response initiatives, and generation outages have fuelled this growth during the historical period.

Automatic Generation Control Market Size Forecast: What's the Projected Valuation by 2029?
The market for automatic generation control is anticipated to experience robust expansion in the forthcoming years. It's projected to elevate to $19.89 billion in 2029, with a compound annual growth rate (CAGR) of 8.9%. The proliferating incorporation of distributed energy resources, the integration of electric vehicles, the escalating amalgamation of energy markets, and concerns regarding cybersecurity contribute to this growth during the forecast period. The period is also expected to witness significant trends such as the adoption of edge computing, integration of blockchain technology, growth of virtual power plants (VPPs), emergence of grid-interactive buildings, and the use of multi-agent systems (MAS).

View the full report here:
https://www.thebusinessresearchcompany.com/report/automatic-generation-control-global-market-report

What Are the Drivers Transforming the Automatic Generation Control Market?
The escalating need for electricity is predicted to fuel the expansion of the automatic generation control markets in the future. Electricity, a form of energy stemming from electron movement in conductors such as wires or circuits, is linked with the existence and movement of electric charges as a physical occurrence. Factors like population expansion, urban growth, economic progress, and technological innovation are contributing to the growing electricity demand. Automatic generation control (AGC) is employed in power systems to optimize their operation, decrease energy misalignments, and guarantee a stable electricity supply to end users. For example, the International Energy Agency, an independent intergovernmental organization based in France, forecasted in January 2024 that global power demand will increase at an annual rate of 3.4% until 2026. By 2023, the proportion of electricity in total energy usage had risen to 20%. Data centres, which consumed about 460 terawatt-hours (TWh) in 2022, are expected to use over 1,000 TWh by 2026. Consequently, the surging electricity demand is stimulating the expansion of the automatic generation control market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14852&type=smp

What Long-Term Trends Will Define the Future of the Automatic Generation Control Market?
Leading firms in the automatic generation control market are concentrating their efforts on creating innovative solutions, such as advanced control for buildings, in order to gain a competitive advantage. The advanced control system for buildings is a complex and smart mechanism that manages various functional elements of building operations, including heating, ventilation, air conditioning (HVAC), lighting, security, and energy management. For example, in January 2024, Honeywell International Inc., a tech firm based in the United States, unveiled its Advanced Control for Buildings. This innovative platform, which incorporates cutting-edge cybersecurity, faster network speeds, and high-tech features, is set to revolutionize the realm of building management. Its purpose is to automate building processes, enhance energy efficiency, and tackle the issues faced by building managers when trying to optimize safety, operational productivity, and energy conservation. Its aim is to revolutionize building management and enhance energy efficiency. In addition, the platform utilizes automation and machine learning to streamline operations, while providing built-in cybersecurity and technology for faster network speeds using current wiring infrastructure.

Which Segments in the Automatic Generation Control Market Offer the Most Profit Potential?
The automatic generation controlmarket covered in this report is segmented -

1) By Type: Turbine Governor Control, Load Frequency Control
2) By Component: Hardware, Software, Services
3) By Application: Hydro Power Plant, Thermal Power Plant, Nuclear Power Plant, Solar Power Plant, Wind Power Plant

Subsegments:
1) By Turbine Governor Control: Steam Turbine Governor Control, Gas Turbine Governor Control, Hydro Turbine Governor Control, Combined Cycle Turbine Governor Control
2) By Load Frequency Control: Primary Frequency Control, Secondary Frequency Control, Tertiary Frequency Control, Economic Dispatch and Load Control

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=14852&type=smp

Which Firms Dominate the Automatic Generation Control Market by Market Share and Revenue in 2025?
Major companies operating in the automatic generation control market are Hitachi Ltd., Siemens AG, GE-Alstom Grid LLC, General Electric Co., Mitsubishi Electric Corp., Schneider Electric SE, Honeywell International Inc., ASEA Brown Boveri Ltd., Larsen and Toubro Ltd., Emerson Electric Co., ANDRITZ AG, Rockwell Automation Inc., Wartsila Corp., ENERCON GmbH, Regal-Beloit Corporation, Hubbell Inc., Voith Group, Yokogawa Electric Corp., Woodward Inc., OSI Systems Inc., Schweitzer Engineering Laboratories Inc., DEIF A/S, Maverick Technologies LLC, ETAP Operation Technology Inc., Suzlon Energy Ltd.

Which Regions Offer the Highest Growth Potential in the Automatic Generation Control Market?
Asia-Pacific was the largest region in the automatic generation control market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automatic generation control market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=14852

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.