Excitation Systems Market
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PUBLISHED: 2021 ID: SMRC20748
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Excitation Systems Market Forecasts to 2028 – Global Analysis By Controller Type (Analog, Digital), Application (Synchronous Generators, Synchronous Motors), Channel (Direct, Indirect), End User (Marine, OEM) and By Geography

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4.1 (94 reviews)
Published: 2021 ID: SMRC20748

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Excitation Systems Market is accounted for $2.58 billion in 2020 and is expected to reach $3.93 billion by 2028 growing at a CAGR of 5.4% during the forecast period. Increase in demand for uninterrupted and reliable power supply in several industries, rising demand for synchronous machines by industrial users, and increasing the popularity of solar and wind power are driving the market growth. However, complex design leading to difficulty in maintenance is hampering the growth of the market.
 
An excitation system is used to produce the flux by passing current in the windings and thus provides field current to the rotor winding of a synchronous machine. These systems are undergoing continuous improvements in line with larger and complex power systems. Such systems provide stability and reliability of the working operation of the synchronous machines.
 
Based on the controller type, the digital segment is going to have lucrative growth during the forecast period due to the easy conversion of analog to digital controls. These systems provide a significant improvement in generator performance by improving transient as well as dynamic stability. By geography, Asia Pacific is going to have high growth during the forecast period owing to the rapidly growing renewable energy-based capacity additions, development of infrastructure related to smart cities, growing industrialization and urbanization.

Some of the key players profiled in the Excitation Systems Market include Veo Oy, ABB, Siemens Energy, WEG, Nelumbo Icona Controls Pvt. Ltd, Basler Electric, Emerson, Excitation & Engineering Services Ltd, F&S PROZESSAUTOMATION GmbH, General Electric, KONČAR Group, L & S Electric, Melrose Industries PLC, Nidec Corporation , Automation Electronics India, Mitsubishi Electric Corporation, PLUTON Group, Reivax, S.R.O., ANDRITZ Group, SVEA Power, Tenel, Amtech Power Ltd. and Voith Group. 

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 2.58 billion

Estimated Period:

2020

Compound Annual Growth Rate (CAGR) from 2020 to 2028:

5.4%

Predicted 2028 Value:

USD 3.93 billion

Forecast Years:

2021-2028

Tables, Graphs& Figures

200

Chapters Covered:

Type, Controller Type, Component, Application, Excitation Method, Sales Channel, End User and Region

Core Drivers and Opportunities:

  • Increase in demand for uninterrupted and reliable power supply in several industries
  • Rising demand for synchronous machines by industrial users
  • Increasing the popularity of solar and wind power

Restraining Factors & Market Threats:

  • Complex design leading to difficulty in maintenance
  • Shortage of components/parts used in manufacturing excitation systems


Types Covered:
• DC (Direct Current) Excitation System
• AC (Alternating Current) Excitation System
• Static Excitation System

Controller Types Covered:
• Analog
• Digital   

Components Covered:
• Automatic Voltage Regulator (AVR)
• Exciter
• Power System Stabilizer (PSS) 
 
Applications Covered:
• Synchronous Generators
• Synchronous Motors

Excitation Methods Covered:
• Auxiliary Winding (AUX)
• Excitation Boost System (EBS)
• Permanent Magnet Generator (PMG)
• Shunt or Self Excited 

Sales Channels Covered:
• Direct
• Indirect

End Users Covered:
• Power Generation Industry
• Heavy Industries
• Marine
• Original Equipment Manufacturer (OEM)

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Key Questions Answered In The Report

The Global Excitation Systems Market is majorly driven by increasing the popularity of solar and wind power, rising demand for synchronous machines by industrial users and increase in demand for uninterrupted and reliable power supply in several industries.

The digital segment is growing at a highest CAGR owing to the easy conversion of analog to digital controls and these systems provide a significant improvement in generator performance by improving transient as well as dynamic stability.

North America dominated with a significant market share due to the increasing investments in the development of solar and wind power generation projects in the region, rise in the demand for green energy and stringent government regulations.

Asia Pacific market is growing at a highest CAGR owing to the growing industrialization and urbanization, rapidly growing renewable energy based capacity additions supporting the demand for excitation systems for synchronous machines and development of infrastructure related to smart cities.

Key players in Excitation Systems Market include Veo Oy, ABB, Siemens Energy, WEG, Nelumbo Icona Controls Pvt. Ltd, Basler Electric, Emerson, Excitation & Engineering Services Ltd, F&S PROZESSAUTOMATION GmbH, General Electric, KON?AR Group, L & S Electric, Melrose Industries PLC, Nidec Corporation, Automation Electronics India, Mitsubishi Electric Corporation, PLUTON Group, Reivax, S.R.O., ANDRITZ Group, SVEA Power, Tenel, Amtech Power Ltd. and Voith Group.

Table of Contents

1 Executive Summary            
              
2 Preface   
          
 2.1 Abstract            
 2.2 Stake Holders           
 2.3 Research Scope            
 2.4 Research Methodology          
  2.4.1 Data Mining          
  2.4.2 Data Analysis          
  2.4.3 Data Validation          
  2.4.4 Research Approach          
 2.5 Research Sources           
  2.5.1 Primary Research Sources          
  2.5.2 Secondary Research Sources         
  2.5.3 Assumptions          
              
3 Market Trend Analysis           
 3.1 Introduction           
 3.2 Drivers            
 3.3 Restraints           
 3.4 Opportunities           
 3.5 Threats            
 3.6 Application Analysis          
 3.7 End User Analysis           
 3.8 Emerging Markets           
 3.9 Impact of Covid-19           
              
4 Porters Five Force Analysis           
 4.1 Bargaining power of suppliers           
 4.2 Bargaining power of buyers          
 4.3 Threat of substitutes          
 4.4 Threat of new entrants          
 4.5 Competitive rivalry           
              
5 Global Excitation Systems Market, By Type         
 5.1 Introduction            
 5.2 DC (Direct Current) Excitation System         
 5.3 AC (Alternating Current) Excitation System        
  5.3.1 Rotating Thyristor Excitation System        
  5.3.2 Brushless Excitation System         
 5.4 Static Excitation System           
              
6 Global Excitation Systems Market, By Controller Type        
 6.1 Introduction           
 6.2 Analog            
 6.3 Digital            
              
7 Global Excitation Systems Market, By Component         
 7.1 Introduction           
 7.2 Automatic Voltage Regulator (AVR)         
 7.3 Exciter            
 7.4 Power System Stabilizer (PSS)          
              
8 Global Excitation Systems Market, By Application         
 8.1 Introduction           
 8.2 Synchronous Generators          
 8.3 Synchronous Motors          
              
9 Global Excitation Systems Market, By Excitation Method        
 9.1 Introduction           
 9.2 Auxiliary Winding (AUX)          
 9.3 Excitation Boost System (EBS)           
 9.4 Permanent Magnet Generator (PMG)         
 9.5 Shunt or Self Excited          
              
10 Global Excitation Systems Market, By Sales Channel        
 10.1 Introduction           
 10.2 Direct            
 10.3 Indirect            
               
11 Global Excitation Systems Market, By End User         
 11.1 Introduction           
 11.2 Power Generation Industry          
  11.2.1 Thermal Power Plants         
  11.2.2 Hydroelectric Power Plants         
 11.3 Heavy Industries            
 11.4 Marine            
 11.5 Original Equipment Manufacturer (OEM)         
              
12 Global Excitation Systems Market, By Geography         
 12.1 Introduction           
 12.2 North America           
  12.2.1 US           
  12.2.2 Canada           
  12.2.3 Mexico           
 12.3 Europe            
  12.3.1 Germany           
  12.3.2 UK           
  12.3.3 Italy           
  12.3.4 France           
  12.3.5 Spain           
  12.3.6 Rest of Europe          
 12.4 Asia Pacific           
  12.4.1 Japan           
  12.4.2 China           
  12.4.3 India           
  12.4.4 Australia           
  12.4.5 New Zealand          
  12.4.6 South Korea          
  12.4.7 Rest of Asia Pacific          
 12.5 South America           
  12.5.1 Argentina          
  12.5.2 Brazil           
  12.5.3 Chile           
  12.5.4 Rest of South America         
 12.6 Middle East & Africa          
  12.6.1 Saudi Arabia          
  12.6.2 UAE           
  12.6.3 Qatar            
  12.6.4 South Africa          
  12.6.5 Rest of Middle East & Africa         
              
13 Key Developments            
 13.1 Agreements, Partnerships, Collaborations and Joint Ventures       
 13.2 Acquisitions & Mergers          
 13.3 New Product Launch          
 13.4 Expansions           
 13.5 Other Key Strategies          
              
14 Company Profiling            
 14.1 Veo Oy            
 14.2 ABB            
 14.3 Siemens Energy           
 14.4 WEG            
 14.5 Nelumbo Icona Controls Pvt. Ltd          
 14.6 Basler Electric           
 14.7 Emerson            
 14.8 Excitation & Engineering Services Ltd         
 14.9 F&S PROZESSAUTOMATION GmbH         
 14.10 General Electric           
 14.11 KONČAR Group           
 14.12 L & S Electric           
 14.13 Melrose Industries PLC          
 14.14 Nidec Corporation            
 14.15 Automation Electronics India          
 14.16 Mitsubishi Electric Corporation         
 14.17 PLUTON Group            
 14.18 Reivax            
 14.19 S.R.O.            
 14.20 ANDRITZ Group           
 14.21 SVEA Power           
 14.22 Tenel            
 14.23 Amtech Power Ltd.            
 14.24 Voith Group           


List of Tables              
1 Global Excitation Systems Market Outlook, By Region (2019-2028) ($MN)       
2 Global Excitation Systems Market Outlook, By Type (2019-2028) ($MN)       
3 Global Excitation Systems Market Outlook, By DC (Direct Current) Excitation System (2019-2028) ($MN)    
4 Global Excitation Systems Market Outlook, By AC (Alternating Current) Excitation System (2019-2028) ($MN)   
5 Global Excitation Systems Market Outlook, By Rotating Thyristor Excitation System (2019-2028) ($MN)    
6 Global Excitation Systems Market Outlook, By Brushless Excitation System (2019-2028) ($MN)     
7 Global Excitation Systems Market Outlook, By Static Excitation System (2019-2028) ($MN)     
8 Global Excitation Systems Market Outlook, By Controller Type (2019-2028) ($MN)       
9 Global Excitation Systems Market Outlook, By Analog (2019-2028) ($MN)       
10 Global Excitation Systems Market Outlook, By Digital (2019-2028) ($MN)       
11 Global Excitation Systems Market Outlook, By Component (2019-2028) ($MN)      
12 Global Excitation Systems Market Outlook, By Automatic Voltage Regulator (AVR) (2019-2028) ($MN)    
13 Global Excitation Systems Market Outlook, By Exciter (2019-2028) ($MN)       
14 Global Excitation Systems Market Outlook, By Power System Stabilizer (PSS) (2019-2028) ($MN)    
15 Global Excitation Systems Market Outlook, By Application (2019-2028) ($MN)      
16 Global Excitation Systems Market Outlook, By Synchronous Generators (2019-2028) ($MN)     
17 Global Excitation Systems Market Outlook, By Synchronous Motors (2019-2028) ($MN)     
18 Global Excitation Systems Market Outlook, By Excitation Method (2019-2028) ($MN)     
19 Global Excitation Systems Market Outlook, By Auxiliary Winding (AUX) (2019-2028) ($MN)     
20 Global Excitation Systems Market Outlook, By Excitation Boost System (EBS) (2019-2028) ($MN)    
21 Global Excitation Systems Market Outlook, By Permanent Magnet Generator (PMG) (2019-2028) ($MN)    
22 Global Excitation Systems Market Outlook, By Shunt or Self Excited (2019-2028) ($MN)     
23 Global Excitation Systems Market Outlook, By Sales Channel (2019-2028) ($MN)      
24 Global Excitation Systems Market Outlook, By Direct (2019-2028) ($MN)       
25 Global Excitation Systems Market Outlook, By Indirect (2019-2028) ($MN)      
26 Global Excitation Systems Market Outlook, By End User (2019-2028) ($MN)      
27 Global Excitation Systems Market Outlook, By Power Generation Industry (2019-2028) ($MN)     
28 Global Excitation Systems Market Outlook, By Thermal Power Plants (2019-2028) ($MN)     
29 Global Excitation Systems Market Outlook, By Hydroelectric Power Plants (2019-2028) ($MN)     
30 Global Excitation Systems Market Outlook, By Heavy Industries (2019-2028) ($MN)      
31 Global Excitation Systems Market Outlook, By Marine (2019-2028) ($MN)       
32 Global Excitation Systems Market Outlook, By Original Equipment Manufacturer (OEM) (2019-2028) ($MN)   
              
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

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