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

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. 

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:
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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