Excitation Systems Market - Trends Forecast Till 2028

Excitation Systems Market, by Type (Static and Brushless), Controller Type (Analog and Digital), Application (Synchronous Generators and Synchronous Motors), End User (Power Generation, Heavy Industries, and OEMs) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: December, 2021

Base Year Estimate: 2020

Report ID: D-EN-ESM-1030

Format:  

Number of Pages: 346

Domain: Energy

Excitation Systems Market – Trends Forecast Till 2028

The global excitation systems market size is projected to reach USD 3.5 billion by 2026 at a CAGR of 4.5% from USD 2.8 billion in 2021 during the forecast period 2021-2028.

Excitation system is defined as a system which provides field current to the rotor winding of a generator. Well-designed excitation system provides reliability of operation, stability and fast transient response. There are 3 major types of excitation system are 1. Direct current commutator exciters, alternator supplied rectifier excitation system, and static excitation system.

With the significant increase in the demand for synchronous machines along with the added advantage provided by them are some of the factors that have supported long-term expansion for Excitation Systems Market.

The COVID-19 pandemic is causing widespread concern and economic hardship for consumers, businesses, and communities across the globe. The decreased supply for electricity along with the decline in business activities have impacted the market in a negative way.

Excitation Systems Market Research Report

Asia Pacific is expected to be the largest market during the forecast period. The increased capacity in terms of renewable energy has led to the expansion of market in the region.

Excitation Systems Market is segmented into Type, Controller Type, Application, End User and geography.

On the basis of Type

  • Static
  • Brushless

On the basis of End-User

  • Power Generation Industry
    • Hydroelectric Power Plants
    • Thermal Power Plants
  • Heavy Industries
    • Marine
    • Others
  • OEMs

On the basis of Implementation

  • Synchronous Generators
  • Synchronous Motors

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Excitation Systems Market Primary Respondent

 

Key Players

  • ABB
  • Siemens Energy
  • General Electric
  • ANDRITZ Group
  • Voith Group
  • Emerson
  • Melrose Industries PLC
  • Mitsubishi Electric Corporation
  • WEG
  • Tenel
  • S.R.O.
  • Basler Electric
  • Automation Electronics India
  • Amtech Power Ltd.
  • Reivax
  • Veo Oy
  • L & S Electric
  • PLUTON Group
  • NR Electric Co., Ltd
  • Birr Machines
  • SVEA Power
  • Excitation & Engineering Services Ltd , Nelumbo Icona Controls Pvt. Ltd
  • F&S PROZESSAUTOMATION GmbH

Recent Developments

  • In November 2020, Emerson signed a contract offered by Oklahoma Gas and Electric (OG&E) for the OG&E Redbud combined-cycle plant in order to upgrade and unify nine disparate control systems across four units.
  • In November 2020, ABB was able to win a contract for providing excitation systems and speed regulation for four generator units at the Governador José Richa hydropower plant on the Iguazu River.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Excitation Systems Market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Market Revenue In 2021

USD 2.8 billion

Growth Rate

CAGR of 4.5% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year

2020

Units Considered

Revenue in USD million and CAGR from 2021 to 2028

Report Segmentation

Type, Controller Type, Application, End User and geography

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

ABB, Siemens Energy, General Electric , ANDRITZ Group, Voith Group ,  Nidec Corporation , KONČAR Group, Emerson ,  Melrose Industries PLC , Mitsubishi Electric Corporation , WEG ,  Tenel, S.R.O., Basler Electric , Automation Electronics India , Amtech Power Ltd. ,  Reivax , Veo Oy, L & S Electric , PLUTON Group, NR Electric Co., Ltd, Birr Machines, SVEA Power, Excitation & Engineering Services Ltd , Nelumbo Icona Controls Pvt. Ltd , F&S PROZESSAUTOMATION GmbH

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