Excitation Systems Market Growth, Analysis, Scope, Trends and Forecast to 2025

Excitation Systems Market Highlights    

The Global Excitation Systems Market is projected to be valued at USD 3.30 Billion by 2025, with 3.24% CAGR during the forecast period, 2019–2025. An excitation system provides field current to the rotor winding of a generator. The Global Excitation System Market is expected to witness high growth during the forecast period owing to the ability to ensure long-term reliable operations for synchronous machines and rising demand for synchronous machines, globally. 

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Top Manufacturers:

·       ABB (Switzerland),

·       Voith (Germany),

·       Nidec (Japan),

·       Tenel, s.r.o. (Czech Republic),

·       Basler Electric (US),

·       KONČAR (Croatia),

·       Reivax (Canada),

·       Automation Electronics (India),

·       Amtech Power Ltd. (India),

·       Andritz (Austria),

·       Siemens (Germany),

·       General Electric (Japan), and

·       VEO (Finland).

Segmental Analysis

The global market for excitation systems is segmented based on type, controller type, application, and region.

By type, the global Excitation Systems Market is divided into DC excitation system, AC excitation system, and static excitation system. Furthermore, the AC excitation system segment is further segmented into a rotating thyristor excitation system and brushless excitation system. The AC excitation system segment is expected to dominate the global market and is likely to grow with the highest CAGR.

Based on controller type, the global market is segmented as analog control and digital control. The digital control segment is expected to grow with the highest CAGR during the forecast period.

By application, the market is segmented into synchronous generators and synchronous motors. The synchronous generators segment is expected to hold the largest market share during the forecast period.

Intended Audience:

• Government and research organization
• Consulting companies in the excitation system market
• Raw material suppliers
• Research consultants
• Investors and shareholders

 Regional Analysis

The global market for excitation systems is segmented into five regions, namely North America, Europe, Asia-Pacific, Middle East & Africa, and South America.

The Asia-Pacific market is expected to hold the largest market share in the global excitation systems market during the forecast period. The dominant position of Asia-Pacific in the market is attributed to the increasing renewable energy-based capacity in China. The rise in demand for excitation systems in China is attributed to the need for uninterrupted and reliable power supply. The growing investments in renewable energy projects are estimated to propel the growth of excitation systems market in the region, which is expected to be the fastest-growing region during the forecast period.

The excitation systems market in Europe is expected to be dominated by Germany owing to the increasing demand for synchronous machines in the HVDC Network in the country. For instance, in 2016, a new EU project “PROgress on Meshed HVDC Offshore Transmission Networks” was launched in Germany which requires synchronous machines for the construction and operation of integrated offshore infrastructure of the project.

The excitation systems market in North America is dominated by Canada owing to the increasing demand for synchronous machines to be used for industrial, commercial, agricultural applications. For instance, Reivax (Canada) manufactures and supplies synchronous machine for various industrial applications which drives the excitation systems market in Canada during the forecast period.

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Table Of Contents

1 Executive Summary

2 Market Introduction

2.1 Market Definition

2.2 Scope Of The Study

2.3 Market Structure

3 Research Methodology

3.1 Primary Research

3.2 Secondary Research

3.3 Market Controller Type Estimation

3.4 Forecast Model

3.5 List Of Assumptions

3.6 Limitations Of The Study

4 Market Insights

5 Market Dynamics

5.1 Introduction

5.2 Market Drivers

5.3 Market Restraints

5.4 Market Opportunities

5.5 Porter’s Five Forces Analysis

5.5.1 Threat Of New Entrants

5.5.2 Bargaining Power Of Buyers

5.5.3 Bargaining Power Of Suppliers

5.5.4 Threat Of Substitutes

5.5.5 Rivalry

5.6 Value Chain/Supply Chain Analysis

Continued…..

List Of Tables

Table 1 Global Excitation Systems Market, By Region, 2019-2025 (USD Million)

Table 2 North America Excitation Systems Market, By Country, 2019-2025 (USD Million)

Table 3 Europe Excitation Systems Market, By Country, 2019-2025 (USD Million)

Table 4 Asia-Pacific Excitation Systems Market, By Country, 2019-2025 (USD Million)

Table 5 Middle East & Africa Excitation Systems Market, By Country, 2019-2025 (USD Million)

Continued…..

List Of Figures

Figure 1 Research Process Of MRFR

Figure 2 Top-Down And Bottom-Up Approach

Figure 3 Market Dynamics

Figure 4 Impact Analysis: Market Drivers

Figure 5 Impact Analysis: Market Restraints

Figure 6 Porter’s Five Forces Analysis

Figure 7 Value Chain Analysis

Figure 8 Global Excitation Systems Market Share, By Type, 2018 (%)

Figure 9 Global Excitation Systems Market, By Type, 2019–2025 (USD Million)

Figure 10 Global Excitation Systems Market Share, By Controller Type, 2018 (%)

Continued……..

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