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Rapid growth of highly volatile energy generation by means of renewable sources such as hydro, solar, wind, and others is expected to increase the demand for excitation systems in synchronous machines during the forecast period.
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Opportunity Analysis and Industry Forecast, 2016-2023 Excitation Systems Market by Type , Controller Type , Application , and End User (Power Generation and Other Industrial): Global Opportunity Analysis and Industry Forecast, 2021-2030 • Pages: 220 Tables: 156 Charts: 71
Global Excitation Systems Market Outlook (2021 – 2030) • Top Impacting Factors: • The global excitation systems market size was valued at $2.1 billion in 2020, and is projected to reach $3.4 billion by 2030, growing at a CAGR of 4.6% from 2021 to 2030. • Excitation system is used to excite field winding of synchronous machine with the help of DC supply and helps to control the field current reactive power flow of the system and field voltage. • rise in demand for electricity from developing economies resulted in increased investment toward power generation, transmission and distribution infrastructure, which in turn is expected to fuel the growth of the excitation systems market from 2021 to 2030. • By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. • Pages: 220 Tables: 156 Charts: 71
Global Excitation Systems Market Outlook (2021 – 2030) • The power generation segment acquired the largest excitation systems market share, owing to rise in demand for electricity from developing and developed economies, which resulted in increased demand for synchronous machines • The excitation systems market is analyzed and estimated in accordance with the impacts of the drivers, restraints, and opportunities. • It provides stability when starting the synchronous machines. • The role of excitation systems in synchronous generator is to maintain a constant terminal voltage and in case of synchronous motor, it is used to maintain constant power factor. • Pages: 220 Tables: 156 Charts: 71
Global Excitation Systems Market Outlook (2021 – 2030) • Key Findings of Global Excitation Systems Market : • The report provides an extensive qualitative and quantitative analysis of the current market trends and future estimations of the global from 2021 to 2030 to determine the prevailing excitation systems market opportunities. • A comprehensive analysis of the factors that drive and restrict the global market growth is provided. • Estimations and excitation systems market forecast are based on factors impacting the growth, in terms of value. • Profiles of leading players operating in the excitation systems market are provided to understand the global competitive scenario. • Pages: 220 Tables: 156 Charts: 71
Global Excitation Systems Market Outlook (2021 – 2030) • The key players profiled in the report include: • ANDRITZ AG • WEG GROUP • GENERAL ELECTRIC • BASLER ELECTRIC COMPANY • SIEMENS AG • VOITH GmbH & CO. KGAA • ABB LTD • MITSUBISHI ELECTRIC CORPORATION • FUJI ELECTRIC CO.LTD. • TENEL • S.R.O. • Pages: 220 Tables: 156 Charts: 71
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