Global Excitation Systems Market Analysis 2021

The Global Excitation Systems market is expected to reach $4.04 billion by 2027 growing at a CAGR of 6.4% from 2020 to 2027. Excitations systems are used to feed DC voltage to the rotor windings in order to generate the magnetic field as per the operating conditions. Such systems provide stability and reliability of the working operation of the synchronous machines. Moreover, the amount of excitation required for the synchronous machines depends on the load power factor, load current, and speed of the machine. These systems are undergoing continuous improvements in line with larger and complex power systems. Factors such as increase in demand for uninterrupted and reliable power supply in several industries, rise in 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 of excitation systems is restraining the market growth. Based on controller type, the digital segment is going to have a lucrative growth during the forecast period as digital excitation systems provide a significant improvement in generator performance by improving transient as well as dynamic stability. Easy conversion of analog to digital controls is another key factor that is likely to promote the demand for digital control systems. The key vendors mentioned are WEG, Voith Group, Amtech Power Ltd., Tenel, SVEA Power, ANDRITZ Group, S.R.O., Reivax, PLUTON Group, Nidec Corporation, Excitation & Engineering Services Ltd, Mitsubishi Electric Corporation, Veo Oy, L & S Electric, KONČAR Group, General Electric, F&S PROZESSAUTOMATION GmbH, Melrose Industries PLC, Emerson, Basler Electric, Automation Electronics India, Nelumbo Icona Controls Pvt. Ltd, Siemens Energy and ABB. Controller Types Covered: • Digital • Analog Types Covered: • Static Excitation System • DC (Direct Current) Excitation System • AC (Alternating Current) Excitation System Applications Covered: • Synchronous Motors • Synchronous Generators End Users Covered: • Power Generation Industry • Original Equipment Manufacturer (OEM) • Marine • Heavy Industries Components Covered: • Power System Stabilizer (PSS) • Exciter • Automatic Voltage Regulator (AVR) Excitation Methods Covered: • Shunt or Self Excited • Permanent Magnet Generator (PMG) • Excitation Boost System (EBS) • Auxiliary Winding (AUX) Sales Channels Covered: • Direct • Indirect Regions Covered: • North America • Europe • Asia Pacific • South America • Middle East & Africa Key Questions Answered in this Report: • How this market evolved since the year 2019 • Market size estimations, forecasts and CAGR for all the segments presented in the scope • Key Market Developments and financials of the key players • Opportunity Analysis for the new entrants • SWOT Analysis of the key players • Fastest growing markets analyzed during the forecast period

1 Market Synopsis

2 Research Outline
2.1 Research Snapshot
2.2 Research Methodology
2.3 Research Sources
2.3.1 Primary Research Sources
2.3.2 Secondary Research Sources

3 Market Dynamics
3.1 Drivers
3.2 Restraints

4 Market Environment
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 Controller Type
5.1 Introduction
5.2 Digital
5.3 Analog

6 Global Excitation Systems Market, By Type
6.1 Introduction
6.2 Static
6.3 DC (Direct Current) Excitation System
6.4 AC (Alternating Current) Excitation System

7 Global Excitation Systems Market, By Application
7.1 Introduction
7.2 Synchronous Motors
7.3 Synchronous Generators

8 Global Excitation Systems Market, By End User
8.1 Introduction
8.2 Power Generation Industry
8.3 Original Equipment Manufacturer (OEM)
8.4 Marine
8.5 Heavy Industries

9 Global Excitation Systems Market, By Component
9.1 Introduction
9.2 Power System Stabilizer (PSS)
9.3 Exciter
9.4 Automatic Voltage Regulator (AVR)

10 Global Excitation Systems Market, By Excitation Method
10.1 Introduction
10.2 Shunt or Self Excited
10.3 Permanent Magnet Generator (PMG)
10.4 Excitation Boost System (EBS)
10.5 Auxiliary Winding (AUX)

11 Global Excitation Systems Market, By Sales Channel
11.1 Introduction
11.2 Direct
11.3 Indirect

12 Global Excitation Systems Market, By Geography
12.1 Introduction
12.2 North America
12.3 Europe
12.4 Asia Pacific
12.5 South America
12.6 Middle East & Africa

13 Strategic Benchmarking

14 Vendors Landscape
14.1 WEG
14.2 Voith Group
14.3 Amtech Power Ltd.
14.4 Tenel
14.5 SVEA Power
14.6 ANDRITZ Group
14.7 S.R.O.
14.8 Reivax
14.9 PLUTON Group
14.10 Nidec Corporation
14.11 Excitation & Engineering Services Ltd
14.12 Mitsubishi Electric Corporation
14.13 Veo Oy
14.14 L & S Electric
14.15 KONČAR Group
14.16 General Electric
14.17 F&S PROZESSAUTOMATION GmbH
14.18 Melrose Industries PLC
14.19 Emerson
14.20 Basler Electric
14.21 Automation Electronics India
14.22 Nelumbo Icona Controls Pvt. Ltd
14.23 Siemens Energy
14.24 ABB

List of Data Tables
1 Global Excitation Systems Market Outlook, By Region (2019-2027) ($MN)
2 Global Excitation Systems Market Outlook, By Controller Type (2019-2027) ($MN)
3 Global Excitation Systems Market Outlook, By Digital (2019-2027) ($MN)
4 Global Excitation Systems Market Outlook, By Analog (2019-2027) ($MN)
5 Global Excitation Systems Market Outlook, By Type (2019-2027) ($MN)
6 Global Excitation Systems Market Outlook, By Static (2019-2027) ($MN)
7 Global Excitation Systems Market Outlook, By DC (Direct Current) Excitation System (2019-2027) ($MN)
8 Global Excitation Systems Market Outlook, By AC (Alternating Current) Excitation System (2019-2027) ($MN)
9 Global Excitation Systems Market Outlook, By Application (2019-2027) ($MN)
10 Global Excitation Systems Market Outlook, By Synchronous Motors (2019-2027) ($MN)
11 Global Excitation Systems Market Outlook, By Synchronous Generators (2019-2027) ($MN)
12 Global Excitation Systems Market Outlook, By End User (2019-2027) ($MN)
13 Global Excitation Systems Market Outlook, By Power Generation Industry (2019-2027) ($MN)
14 Global Excitation Systems Market Outlook, By Original Equipment Manufacturer (OEM) (2019-2027) ($MN)
15 Global Excitation Systems Market Outlook, By Marine (2019-2027) ($MN)
16 Global Excitation Systems Market Outlook, By Heavy Industries (2019-2027) ($MN)
17 Global Excitation Systems Market Outlook, By Component (2019-2027) ($MN)
18 Global Excitation Systems Market Outlook, By Power System Stabilizer (PSS) (2019-2027) ($MN)
19 Global Excitation Systems Market Outlook, By Exciter (2019-2027) ($MN)
20 Global Excitation Systems Market Outlook, By Automatic Voltage Regulator (AVR) (2019-2027) ($MN)
21 Global Excitation Systems Market Outlook, By Excitation Method (2019-2027) ($MN)
22 Global Excitation Systems Market Outlook, By Shunt or Self Excited (2019-2027) ($MN)
23 Global Excitation Systems Market Outlook, By Permanent Magnet Generator (PMG) (2019-2027) ($MN)
24 Global Excitation Systems Market Outlook, By Excitation Boost System (EBS) (2019-2027) ($MN)
25 Global Excitation Systems Market Outlook, By Auxiliary Winding (AUX) (2019-2027) ($MN)
26 Global Excitation Systems Market Outlook, By Sales Channel (2019-2027) ($MN)
27 Global Excitation Systems Market Outlook, By Direct (2019-2027) ($MN)
28 Global Excitation Systems Market Outlook, By Indirect (2019-2027) ($MN)
29 North America Excitation Systems Market Outlook, By Controller Type (2019-2027) ($MN)
30 North America Excitation Systems Market Outlook, By Type (2019-2027) ($MN)
31 North America Excitation Systems Market Outlook, By Application (2019-2027) ($MN)
32 North America Excitation Systems Market Outlook, By End User (2019-2027) ($MN)
33 North America Excitation Systems Market Outlook, By Component (2019-2027) ($MN)
34 North America Excitation Systems Market Outlook, By Excitation Method (2019-2027) ($MN)
35 North America Excitation Systems Market Outlook, By Sales Channel (2019-2027) ($MN)
36 Europe Excitation Systems Market Outlook, By Controller Type (2019-2027) ($MN)
37 Europe Excitation Systems Market Outlook, By Type (2019-2027) ($MN)
38 Europe Excitation Systems Market Outlook, By Application (2019-2027) ($MN)
39 Europe Excitation Systems Market Outlook, By End User (2019-2027) ($MN)
40 Europe Excitation Systems Market Outlook, By Component (2019-2027) ($MN)
41 Europe Excitation Systems Market Outlook, By Excitation Method (2019-2027) ($MN)
42 Europe Excitation Systems Market Outlook, By Sales Channel (2019-2027) ($MN)
43 Asia Pacific Excitation Systems Market Outlook, By Controller Type (2019-2027) ($MN)
44 Asia Pacific Excitation Systems Market Outlook, By Type (2019-2027) ($MN)
45 Asia Pacific Excitation Systems Market Outlook, By Application (2019-2027) ($MN)
46 Asia Pacific Excitation Systems Market Outlook, By End User (2019-2027) ($MN)
47 Asia Pacific Excitation Systems Market Outlook, By Component (2019-2027) ($MN)
48 Asia Pacific Excitation Systems Market Outlook, By Excitation Method (2019-2027) ($MN)
49 Asia Pacific Excitation Systems Market Outlook, By Sales Channel (2019-2027) ($MN)
50 South America Excitation Systems Market Outlook, By Controller Type (2019-2027) ($MN)
51 South America Excitation Systems Market Outlook, By Type (2019-2027) ($MN)
52 South America Excitation Systems Market Outlook, By Application (2019-2027) ($MN)
53 South America Excitation Systems Market Outlook, By End User (2019-2027) ($MN)
54 South America Excitation Systems Market Outlook, By Component (2019-2027) ($MN)
55 South America Excitation Systems Market Outlook, By Excitation Method (2019-2027) ($MN)
56 South America Excitation Systems Market Outlook, By Sales Channel (2019-2027) ($MN)
57 Middle East & Africa Excitation Systems Market Outlook, By Controller Type (2019-2027) ($MN)
58 Middle East & Africa Excitation Systems Market Outlook, By Type (2019-2027) ($MN)
59 Middle East & Africa Excitation Systems Market Outlook, By Application (2019-2027) ($MN)
60 Middle East & Africa Excitation Systems Market Outlook, By End User (2019-2027) ($MN)
61 Middle East & Africa Excitation Systems Market Outlook, By Component (2019-2027) ($MN)
62 Middle East & Africa Excitation Systems Market Outlook, By Excitation Method (2019-2027) ($MN)
63 Middle East & Africa Excitation Systems Market Outlook, By Sales Channel (2019-2027) ($MN)