“Global Excitation Systems Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global excitation systems market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global excitation systems market report has been segmented on the basis of type, controller type, application, and region.
Excitation systems is used to provide necessary field current to the rotor winding of the synchronous machine or generator. The main requirement of an excitation system is reliability of operation, ease of maintenance, stability and fast transient response under all service conditions.
Increasing demand for excitation systems in synchronous machines owing to the ability of ensuring long-term reliable operations, is a major factor expected to drive growth of the global excitation systems market over the forecast period. In addition, increasing popularity of synchronous machines due to optimized energy use and less maintenance costs, also anticipated to increase demand for excitation systems and drives growth of the target market over the forecast period. Moreover, increasing research and development of new innovative products with low maintenance cost, is among some factors estimated to drive growth of the potential market over the long run.
However, difficulty in maintenance due to complex design of the system is a major factor, may hamper demand for excitation systems and restrain growth of the global excitation systems market over the forecast period.
Growing demand for excitation systems in solar and wind power applications is expected to create a lucrative opportunity for growth of the global excitation systems market over the forecast period. In addition, increasing demand for synchronous machines in the HVDC network is another factor expected to create a lucrative opportunity for driving growth of the target market.
Analysis by Segment:
On the basis of type, the brushless segment is expected to hold major share in terms of revenue in the target market during the forecast period. On the basis of controller type, the digital controller segment is estimated to account for significant share in terms of value and volume in the target market during the forecast period. On the basis of application, the synchronous generators segment is anticipated to register highest growth in terms of revenue in the target market during the forecast period.
Analysis by Region:
The excitation systems market in the Asia Pacific is expected to register for highest share in terms of revenue and is expected to dominate the target market in the next coming years. The Asia Pacific excitation systems market is projected witness fastest growth rate in the target market over the forecast period. The North America excitation systems market is estimated to account for significant growth in the target market over the forecast period. The Europe excitation systems market is anticipated to register a moderate growth rate in terms of revenue in the global excitation systems market over the forecast period. Growing renewable energy based capacity additions, in turn increase demand for excitation systems in synchronous machines, is expected to fuel growth of the target market over the forecast period.
Market Segmentation and Key Players Operating in The Global Excitation Systems Market:
Segmentation on the Basis of Type:
- Static Excitation Systems
- Brushless Excitation Systems
Segmentation on the Basis of Controller Type:
- Analog Control
- Digital Control
Segmentation on the Basis of Application:
- Synchronous Generators
- Synchronous Machines
Segmentation on the Basis of Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- ABB Ltd.
- Rolls-Royce plc
- Voith GmbH & Co. KGaA
- Tenel, s.r.o.
- Basler Electric Company Inc.
- KONČAR - Electronics and Informatics Inc.
- Andritz AG
- Siemens AG
- General Electric Company
- Cummins Generator Technologies Limited
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