Excitation Systems Market research report by Delvens focuses on primary sections such as – market segments, market outlook, competitive landscape, and company profiles. The segments provide details in terms of various perspectives such as end-use industry, product or service type, and any other relevant segmentation as per the market’s current scenario which includes various aspects to perform further marketing activity, 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 to 2030.
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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.
Regional Analysis of Excitation Systems Market
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.
Recent Developments
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.
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.
Key Players: Excitation Systems Market
- ABB
- Siemens Energy
- General Electric
- ANDRITZ Group
- Voith Group
- Emerson
- Melrose Industries PLC
- Mitsubishi Electric Corporation
- WEG
- Reivax
- Veo Oy
- L & S Electric
- PLUTON Group
- NR Electric Co., Ltd
- Birr Machines
- SVEA Power and More
The Report helps to identify the opportunities in Global Regions:
- North America (the United States, Canada, and Mexico)
- Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
- South America (Brazil etc.)
- The Middle East and Africa (North Africa and GCC Countries)
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