The main objective of a power system is to provide quality and continuous supply of electricity to customers. The system is in equilibrium (50 Hz/60 Hz) when the demand and supply of power is balanced. To achieve this equilibrium, voltage and frequency of the grid needs to be balanced. Control mechanisms such as automatic voltage regulators are used to achieve an acceptable voltage and AGC ensures an acceptable frequency. The equilibrium of the power grid can be measured by the frequency of the grid. The variations in frequency and their impact are given in the below exhibit.

PART 01: Executive summary

Highlights

PART 02: Scope of the report

Market overview

Top-vendor offerings

PART 03: Market research methodology

Research methodology

Economic indicators

PART 04: Introduction

Key market highlights

PART 05: Market landscape

Market overview

Market size and forecast

Five forces analysis

PART 06: Market segmentation by application

Global AGC market by application

Global AGC market in thermal power plants

Global AGC market in hydropower plants

PART 07: Geographical segmentation

Global AGC market by geographical segmentation

AGC market in the Americas

AGC market in EMEA

AGC market in APAC

PART 08: Key leading countries

PART 09: Market drivers

Changes in grid structure drive demand for IT

implementation

Increase in investments in smart grid technologies

Deregulation of power market

PART 10: Impact of drivers

PART 11: Market challenges

Vulnerability of power grids to cyber attacks

Growing adoption of GMS

PART 12: Impact of drivers and challenges

PART 13: Market trends

Growth in integration of power resources

Increase in distribution generation

Rise in cross-border electricity interconnection

PART 14: Vendor landscape

Competitive scenario

Other prominent vendors

PART 15: Key vendor analysis

ABB

GE-Alstom Grid

OSI

Siemens

PART 16: Appendix

List of abbreviations

PART 17: Explore Technavio