Excitation Systems Market Research Report - Global Forecast till 2030

Excitation Systems Market Research Report Information: by Type (DC Excitation System, AC Excitation System (Rotating Thyristor Excitation System and Brushless excitation System) and Static Excitation System), Controller Type (Analog and Digital), Application (Synchronous Motors and Synchronous Generators) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America) - Forecast till 2030

ID: MRFR/E&P/7148-HCR | August 2022 | Region: Global | 111 Pages         

Table of Contents

1 Executive Summary

2 Market Introduction

2.1 Market Definition

2.2 Scope of the Study

2.3 Market Structure

3 Research Methodology

3.1 Primary Research

3.2 Secondary Research

3.3 Market Controller Type Estimation

3.4 Forecast Model

3.5 List of Assumptions

3.6 Limitations of the Study

4 Market Insights

5 Market Dynamics

5.1 Introduction

5.2 Market Drivers

5.3 Market Restraints

5.4 Market Opportunities

5.5 Porter’s Five Forces Analysis

5.5.1 Threat of New Entrants

5.5.2 Bargaining Power of Buyers

5.5.3 Bargaining Power of Suppliers

5.5.4 Threat of Substitutes

5.5.5 Rivalry

5.6 Value Chain/Supply Chain Analysis

6 Global Excitation Systems Market, by Type

6.1 Introduction

6.2 DC Excitation System

6.2.1 Market Estimates & Forecast, 2020-2027

6.2.2 Market Estimates & Forecast, by Region, 2020-2027

6.3 AC Excitation System

6.3.1 Market Estimates & Forecast, 2020-2027

6.3.2 Market Estimates & Forecast, by Region, 2020-2027

6.3.3 Rotating Thyristors Excitation System

6.3.3.1 Market Estimates & Forecast, 2020-2027

6.3.3.2 Market Estimates & Forecast, by Region, 2020-2027

6.3.4 Brushless Excitation System

6.3.4.1 Market Estimates & Forecast, 2020-2027

6.3.4.2 Market Estimates & Forecast, by Region, 2020-2027

6.4 Static Excitation System

6.4.1 Market Estimates & Forecast, 2020-2027

6.4.2 Market Estimates & Forecast, by Region, 2020-2027

7 Global Excitation Systems Market, by Controller Type

7.1 Introduction

7.2 Analog

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast, by Region, 2020-2027

7.3 Digital

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast, by Region, 2020-2027

8 Global Excitation Systems Market, by Application

8.1 Introduction

8.2 Synchronous Generators

8.2.1 Market Estimates & Forecast, 2020-2027

8.2.2 Market Estimates & Forecast, by Region, 2020-2027

8.3 Synchronous Motors

8.3.1 Market Estimates & Forecast, 2020-2027

8.3.2 Market Estimates & Forecast, by Region, 2020-2027

9 Global Excitation Systems Market, by Region

9.1 Introduction

9.2 North America

9.2.1 Market Estimates & Forecast, by Type, 2020-2027

9.2.2 Market Estimates & Forecast, by Controller Type, 2020-2027

9.2.3 Market Estimates & Forecast, by Application, 2020-2027

9.2.4 Market Estimates & Forecast, by Country, 2020-2027

9.2.5 US

9.2.5.1 Market Estimates & Forecast, by Type, 2020-2027

9.2.5.2 Market Estimates & Forecast, by Controller Type, 2020-2027

9.2.5.3 Market Estimates & Forecast, by Application, 2020-2027

9.2.6 Canada

9.2.6.1 Market Estimates & Forecast, by Type, 2020-2027

9.2.6.2 Market Estimates & Forecast, by Controller Type, 2020-2027

9.2.6.3 Market Estimates & Forecast, by Application, 2020-2027

9.2.7 Mexico

9.2.7.1 Market Estimates & Forecast, by Type, 2020-2027

9.2.7.2 Market Estimates & Forecast, by Controller Type, 2020-2027

9.2.7.3 Market Estimates & Forecast, by Application, 2020-2027

9.3 Europe

9.3.1 Market Estimates & Forecast, by Type, 2020-2027

9.3.2 Market Estimates & Forecast, by Controller Type, 2020-2027

9.3.3 Market Estimates & Forecast, by Application, 2020-2027

9.3.4 Market Estimates & Forecast, by Country, 2020-2027

9.3.5 Germany

9.3.5.1 Market Estimates & Forecast, by Type, 2020-2027

9.3.5.2 Market Estimates & Forecast, by Controller Type, 2020-2027

9.3.5.3 Market Estimates & Forecast, by Application, 2020-2027

9.3.6 UK

9.3.6.1 Market Estimates & Forecast, by Type, 2020-2027

9.3.6.2 Market Estimates & Forecast, by Controller Type, 2020-2027

9.3.6.3 Market Estimates & Forecast, by Application, 2020-2027

9.3.7 France

9.3.7.1 Market Estimates & Forecast, by Type, 2020-2027

9.3.7.2 Market Estimates & Forecast, by Controller Type, 2020-2027

9.3.7.3 Market Estimates & Forecast, by Application, 2020-2027

9.3.8 Rest of Europe

9.3.8.1 Market Estimates & Forecast, by Type, 2020-2027

9.3.8.2 Market Estimates & Forecast, by Controller Type, 2020-2027

9.3.8.3 Market Estimates & Forecast, by Application, 2020-2027

9.4 Asia-Pacific

9.4.1 Market Estimates & Forecast, by Type, 2020-2027

9.4.2 Market Estimates & Forecast, by Controller Type, 2020-2027

9.4.3 Market Estimates & Forecast, by Application, 2020-2027

9.4.4 Market Estimates & Forecast, by Country, 2020-2027

9.4.5 China

9.4.5.1 Market Estimates & Forecast, by Type, 2020-2027

9.4.5.2 Market Estimates & Forecast, by Controller Type, 2020-2027

9.4.5.3 Market Estimates & Forecast, by Application, 2020-2027

9.4.6 Japan

9.4.6.1 Market Estimates & Forecast, by Type, 2020-2027

9.4.6.2 Market Estimates & Forecast, by Controller Type, 2020-2027

9.4.6.3 Market Estimates & Forecast, by Application, 2020-2027

9.4.7 Australia

9.4.7.1 Market Estimates & Forecast, by Type, 2020-2027

9.4.7.2 Market Estimates & Forecast, by Controller Type, 2020-2027

9.4.7.3 Market Estimates & Forecast, by Application, 2020-2027

9.4.8 India

9.4.8.1 Market Estimates & Forecast, by Type, 2020-2027

9.4.8.2 Market Estimates & Forecast, by Controller Type, 2020-2027

9.4.8.3 Market Estimates & Forecast, by Application, 2020-2027

9.4.9 Rest of Asia-Pacific

9.4.9.1 Market Estimates & Forecast, by Type, 2020-2027

9.4.9.2 Market Estimates & Forecast, by Controller Type, 2020-2027

9.4.9.3 Market Estimates & Forecast, by Application, 2020-2027

9.5 Middle East & Africa

9.5.1 Market Estimates & Forecast, by Type, 2020-2027

9.5.2 Market Estimates & Forecast, by Controller Type, 2020-2027

9.5.3 Market Estimates & Forecast, by Application, 2020-2027

9.5.4 Market Estimates & Forecast, by Country, 2020-2027

9.5.5 Saudi Arabia

9.5.5.1 Market Estimates & Forecast, by Type, 2020-2027

9.5.5.2 Market Estimates & Forecast, by Controller Type, 2020-2027

9.5.5.3 Market Estimates & Forecast, by Application, 2020-2027

9.5.6 UAE

9.5.6.1 Market Estimates & Forecast, by Type, 2020-2027

9.5.6.2 Market Estimates & Forecast, by Controller Type, 2020-2027

9.5.6.3 Market Estimates & Forecast, by Application, 2020-2027

9.5.7 South Africa

9.5.7.1 Market Estimates & Forecast, by Type, 2020-2027

9.5.7.2 Market Estimates & Forecast, by Controller Type, 2020-2027

9.5.7.3 Market Estimates & Forecast, by Application, 2020-2027

9.5.8 Rest of Middle East & Africa

9.5.8.1 Market Estimates & Forecast, by Type, 2020-2027

9.5.8.2 Market Estimates & Forecast, by Controller Type, 2020-2027

9.5.8.3 Market Estimates & Forecast, by Application, 2020-2027

9.6 South America

9.6.1 Market Estimates & Forecast, by Type, 2020-2027

9.6.2 Market Estimates & Forecast, by Controller Type, 2020-2027

9.6.3 Market Estimates & Forecast, by Application, 2020-2027

9.6.4 Market Estimates & Forecast, by Country, 2020-2027

9.6.5 Argentina

9.6.5.1 Market Estimates & Forecast, by Type, 2020-2027

9.6.5.2 Market Estimates & Forecast, by Controller Type, 2020-2027

9.6.5.3 Market Estimates & Forecast, by Application, 2020-2027

9.6.6 Brazil

9.6.6.1 Market Estimates & Forecast, by Type, 2020-2027

9.6.6.2 Market Estimates & Forecast, by Controller Type, 2020-2027

9.6.6.3 Market Estimates & Forecast, by Application, 2020-2027

9.6.7 Rest of South America

9.6.7.1 Market Estimates & Forecast, by Type, 2020-2027

9.6.7.2 Market Estimates & Forecast, by Controller Type, 2020-2027

9.6.7.3 Market Estimates & Forecast, by Application, 2020-2027

10 Competitive Landscape

10.1 Competitive Scenario

10.2 Competitive Benchmarking of the Global Excitation Systems Market

10.3 Major Growth Key Strategies in the Global Excitation Systems Market

10.4 Market Share Analysis: Global Excitation Systems Market

10.5 XXXX: The Leading Player in Terms of Number of Developments in Global Excitation System Market

10.6 Product Development in Global Excitation Systems Market

10.7 Mergers and Acquisitions in Global Excitation Systems Market

10.8 Contracts and Agreements in Global Excitation Systems Market

10.9 Expansions and Investments in Global Excitation Systems Market

11 Company Profile

11.1 ABB (Switzerland)

11.1.1 Company Overview

11.1.2 Products/Services Offered

11.1.3 Financial Overview

11.1.4 Key Developments

11.1.5 Key Strategies

11.1.6 SWOT Analysis

11.2 Voith (Germany)

11.2.1 Company Overview

11.2.2 Products/Services Offered

11.2.3 Financial Overview

11.2.4 Key Developments

11.2.5 Key Strategies

11.2.6 SWOT Analysis

11.3 Tenel, s.r.o. (Czech Republic)

11.3.1 Company Overview

11.3.2 Products/Services Offered

11.3.3 Financial Overview

11.3.4 Key Developments

11.3.5 Key Strategies

11.3.6 SWOT Analysis

11.4 Basler Electric (US)

11.4.1 Company Overview

11.4.2 Products/Services Offered

11.4.3 Financial Overview

11.4.4 Key Developments

11.4.5 Key Strategies

11.4.6 SWOT Analysis

11.5 KONČAR (Croatia)

11.5.1 Company Overview

11.5.2 Products/Services Offered

11.5.3 Financial Overview

11.5.4 Key Developments

11.5.5 Key Strategies

11.5.6 SWOT Analysis

11.5.7 SWOT Analysis

11.6 Automation Electronics (India)

11.6.1 Company Overview

11.6.2 Products/Services Offered

11.6.3 Financial Overview

11.6.4 Key Developments

11.6.5 Key Strategies

11.6.6 SWOT Analysis

11.7 Amtech Power Ltd. (India)

11.7.1 Company Overview

11.7.2 Products/Services Offered

11.7.3 Financial Overview

11.7.4 Key Developments

11.7.5 Key Strategies

11.7.6 SWOT Analysis

11.8 ANDRITZ (Austria)

11.8.1 Company Overview

11.8.2 Products/Services Offered

11.8.3 Financial Overview

11.8.4 Key Developments

11.8.5 Key Strategies

11.8.6 SWOT Analysis

11.9 Siemens (Germany)

11.9.1 Company Overview

11.9.2 Products/Services Offered

11.9.3 Financial Overview

11.9.4 Key Developments

11.9.5 Key Strategies

11.9.6 SWOT Analysis

11.10 General Electric (US)

11.10.1 Company Overview

11.10.2 Products/Services Offered

11.10.3 Financial Overview

11.10.4 Key Developments

11.10.5 Key Strategies

11.10.6 SWOT Analysis

11.11 VEO (Finland)

11.11.1 Company Overview

11.11.2 Products/Services Offered

11.11.3 Financial Overview

11.11.4 Key Developments

11.11.5 Key Strategies

11.11.6 SWOT Analysis

11.12 Nidec (Japan)

11.12.1 Company Overview

11.12.2 Products/Services Offered

11.12.3 Financial Overview

11.12.4 Key Developments

11.12.5 Key Strategies

11.12.6 SWOT Analysis

11.13 Reivax (Canada)

11.13.1 Company Overview

11.13.2 Products/Services Offered

11.13.3 Financial Overview

11.13.4 Key Developments

11.13.5 Key Strategies

11.13.6 SWOT Analysis  

List of Tables

Table 1 Global Excitation Systems Market, by Region, 2020-2027 (USD Million)

Table 2 North America Excitation Systems Market, by Country, 2020-2027 (USD Million)

Table 3 Europe Excitation Systems Market, by Country, 2020-2027 (USD Million)

Table 4 Asia-Pacific Excitation Systems Market, by Country, 2020-2027 (USD Million)

Table 5 Middle East & Africa Excitation Systems Market, by Country, 2020-2027 (USD Million)

Table 6 South America Excitation System Market, by Country, 2020-2027 (USD Million)

Table 7 Global Excitation Systems Market, by Type, 2020-2027 (USD Million)

Table 8 North America Excitation Systems Market, by Type, 2020-2027 (USD Million)

Table 9 Europe Excitation Systems Market, by Type, 2020-2027 (USD Million)

Table 10 Asia-Pacific Excitation Systems Market, by Type, 2020-2027 (USD Million)

Table 11 Middle East & Africa Excitation Systems Market, by Type, 2020-2027 (USD Million)

Table 12 South America Excitation Systems Market, by Type, 2020-2027 (USD Million)

Table 13 Global Excitation Systems Market, by Controller Type, 2020-2027 (USD Million)

Table 14 North America Excitation Systems Market, by Controller Type, 2020-2027 (USD Million)

Table 15 Europe Excitation Systems Market, by Controller Type, 2020-2027 (USD Million)

Table 16 Asia-Pacific Excitation Systems Market, by Controller Type, 2020-2027 (USD Million)

Table 17 Middle East & Africa Excitation Systems Market, by Controller Type, 2020-2027 (USD Million)

Table 18 South America Excitation Systems Market, by Controller Type, 2020-2027 (USD Million)

Table 19 Global Excitation Systems Market, by Application, 2020-2027 (USD Million)

Table 20 North America Excitation Systems Market, by Application, 2020-2027 (USD Million)

Table 21 Europe Excitation Systems Market, by Application, 2020-2027 (USD Million)

Table 22 Asia-Pacific Excitation Systems Market, by Application, 2020-2027 (USD Million)

Table 23 Middle East & Africa Excitation Systems Market, by Application, 2020-2027 (USD Million)

Table 24 South America Excitation Systems Market, by Application, 2020-2027 (USD Million)

Table 25 US Excitation Systems Market, by Type, 2020-2027 (USD Million)

Table 26 US Excitation Systems Market, by Controller Type, 2020-2027 (USD Million)

Table 27 US Excitation Systems Market, by Application, 2020-2027 (USD Million)

Table 28 Canada Excitation Systems Market, by Type, 2020-2027 (USD Million)

Table 29 Canada Excitation Systems Market, by Controller Type, 2020-2027 (USD Million)

Table 30 Canada Excitation Systems Market, by Application, 2020-2027 (USD Million)

Table 31 Mexico Excitation Systems Market, by Type, 2020-2027 (USD Million)

Table 32 Mexico Excitation Systems Market, by Controller Type, 2020-2027 (USD Million)

Table 33 Mexico Excitation Systems Market, by Application, 2020-2027 (USD Million)

Table 34 Europe Excitation Systems Market, by Country, 2020-2027 (USD Million)

Table 35 Europe Excitation Systems Market, by Type, 2020-2027 (USD Million)

Table 36 Europe Excitation Systems Market, by Controller Type, 2020-2027 (USD Million)

Table 37 Europe Excitation Systems Market, by Application, 2020-2027 (USD Million)

Table 38 Germany Excitation Systems Market, by Type, 2020-2027 (USD Million)

Table 39 Germany Excitation Systems Market, by Controller Type, 2020-2027 (USD Million)

Table 40 Germany Excitation Systems Market, by Application, 2020-2027 (USD Million)

Table 41 UK Excitation Systems Market, by Type, 2020-2027 (USD Million)

Table 42 UK Excitation Systems Market, by Controller Type, 2020-2027 (USD Million)

Table 43 UK Excitation Systems Market, by Application, 2020-2027 (USD Million)

Table 44 France Excitation Systems Market, by Type, 2020-2027 (USD Million)

Table 45 France Excitation Systems Market, by Controller Type, 2020-2027 (USD Million)

Table 46 France Excitation Systems Market, by Application, 2020-2027 (USD Million)

Table 47 Rest of Europe Excitation Systems Market, by Type, 2020-2027 (USD Million)

Table 48 Rest of Europe Excitation Systems Market, by Controller Type, 2020-2027 (USD Million)

Table 49 Rest of Europe Excitation Systems Market, by Application, 2020-2027 (USD Million)

Table 50 Rest of Europe Excitation Systems Market, by Plant Type, 2020-2027 (USD Million)

Table 51 Asia-Pacific Excitation Systems Market, by Country, 2020-2027 (USD Million)

Table 52 Asia-Pacific Excitation Systems Market, by Type, 2020-2027 (USD Million)

Table 53 Asia-Pacific Excitation Systems Market, by Controller Type, 2020-2027 (USD Million)

Table 54 Asia-Pacific Excitation Systems Market, by Application, 2020-2027 (USD Million)

Table 55 China Excitation Systems Market, by Type, 2020-2027 (USD Million)

Table 56 China Excitation Systems Market, by Controller Type, 2020-2027 (USD Million)

Table 57 China Excitation Systems Market, by Application, 2020-2027 (USD Million)

Table 58 Japan Excitation Systems Market, by Type, 2020-2027 (USD Million)

Table 59 Japan Excitation Systems Market, by Controller Type, 2020-2027 (USD Million)

Table 60 Japan Excitation Systems Market, by Application, 2020-2027 (USD Million)

Table 61 Australia Excitation Systems Market, by Type, 2020-2027 (USD Million)

Table 62 Australia Excitation Systems Market, by Controller Type, 2020-2027 (USD Million)

Table 63 Australia Excitation Systems Market, by Application, 2020-2027 (USD Million)

Table 64 India Excitation Systems Market, by Type, 2020-2027 (USD Million)

Table 65 India Excitation Systems Market, by Controller Type, 2020-2027 (USD Million)

Table 66 India Excitation Systems Market, by Application, 2020-2027 (USD Million)

Table 67 Rest of Asia-Pacific Excitation Systems Market, by Type, 2020-2027 (USD Million)

Table 68 Rest of Asia-Pacific Excitation Systems Market, by Controller Type, 2020-2027 (USD Million)

Table 69 Rest of Asia-Pacific Excitation Systems Market, by Application, 2020-2027 (USD Million)

Table 70 Middle East & Africa Excitation Systems Market, by Country, 2020-2027 (USD Million)

Table 71 Middle East & Africa Excitation Systems Market, by Type, 2020-2027 (USD Million)

Table 72 Middle East & Africa Excitation Systems Market, by Controller Type, 2020-2027 (USD Million)

Table 73 Middle East & Africa Excitation Systems Market, by Application, 2020-2027 (USD Million)

Table 74 Saudi Arabia Excitation Systems Market, by Type, 2020-2027 (USD Million)

Table 75 Saudi Arabia Excitation Systems Market, by Controller Type, 2020-2027 (USD Million)

Table 76 Saudi Arabia Excitation Systems Market, by Application, 2020-2027 (USD Million)

Table 77 UAE Excitation Systems Market, by Type, 2020-2027 (USD Million)

Table 78 UAE Excitation Systems Market, by Controller Type, 2020-2027 (USD Million)

Table 79 UAE Excitation Systems Market, by Application, 2020-2027 (USD Million)

Table 80 South Africa Excitation Systems Market, by Type, 2020-2027 (USD Million)

Table 81 South Africa Excitation Systems Market, by Controller Type, 2020-2027 (USD Million)

Table 82 South Africa Excitation Systems Market, by Application, 2020-2027 (USD Million)

Table 83 Rest of Middle East & Africa Excitation Systems Market, by Type, 2020-2027 (USD Million)

Table 84 Rest of Middle East & Africa Excitation Systems Market, by Controller Type, 2020-2027 (USD Million)

Table 85 Rest of Middle East & Africa Excitation Systems Market, by Application, 2020-2027 (USD Million)

Table 86 South America Excitation Systems Market, by Type, 2020-2027 (USD Million)

Table 87 South America Excitation Systems Market, by Controller Type, 2020-2027 (USD Million)

Table 88 South America Excitation Systems Market, by Application, 2020-2027 (USD Million)

Table 89 Argentina Excitation Systems Market, by Type, 2020-2027 (USD Million)

Table 90 Argentina Excitation Systems Market, by Controller Type, 2020-2027 (USD Million)

Table 91 Argentina Excitation Systems Market, by Application, 2020-2027 (USD Million)

Table 92 Brazil Excitation Systems Market, by Type, 2020-2027 (USD Million)

Table 93 Brazil Excitation Systems Market, by Controller Type, 2020-2027 (USD Million)

Table 94 Brazil Excitation Systems Market, by Application, 2020-2027 (USD Million)

Table 95 Rest of South America Excitation Systems Market, by Type, 2020-2027 (USD Million)

Table 96 Rest of South America Excitation Systems Market, by Controller Type, 2020-2027 (USD Million)

Table 97 Rest of South America Excitation Systems Market, by Application, 2020-2027 (USD Million)

List of Figures

Figure 1 Research Process of MRFR

Figure 2 Top-Down and Bottom-Up Approach

Figure 3 Market Dynamics

Figure 4 Impact Analysis: Market Drivers

Figure 5 Impact Analysis: Market Restraints

Figure 6 Porter’s Five Forces Analysis

Figure 7 Value Chain Analysis

Figure 8 Global Excitation Systems Market Share, by Type, 2020 (%)

Figure 9 Global Excitation Systems Market, by Type, 2020-2027 (USD Million)

Figure 10 Global Excitation Systems Market Share, by Controller Type, 2020 (%)

Figure 11 Global Excitation Systems Market, by Controller Type, 2020-2027 (USD Million)

Figure 12 Global Excitation Systems Market Share, by Application, 2020 (%)

Figure 13 Global Excitation Systems Market, by Application, 2020-2027 (USD Million)

Figure 14 North America Excitation Systems Market Share (%), 2020

Figure 15 North America Excitation Systems Market, by Country, 2020-2027 (USD Million)

Figure 16 Europe Excitation Systems Market Share (%), 2020

Figure 17 Europe Excitation Systems Market, by Country, 2020-2027 (USD Million)

Figure 18 Asia-Pacific Excitation Systems Market Share (%), 2020

Figure 19 Asia-Pacific Excitation Systems Market, by Country, 2020-2027 (USD Million)

Figure 20 Middle East & Africa Excitation Systems Market Share (%), 2020

Figure 21 Middle East & Africa Excitation Systems Market, by Region, 2020-2027 (USD Million)

Figure 22 South America Excitation Systems Market Share (%), 2020

Figure 23 South America Excitation Systems Market, by Country, 2020-2027 (USD Million)


Excitation Systems Market

Excitation System Market size is projected to reach USD 3.08 Billion by 2025, with 4.03% CAGR between 2019 and 2025.

Segmentation

By Type Dc Excitation System Ac Excitation System Static Excitation System
By Controller Type Analog Digital
By Application Synchronous Motors Synchronous Generators

Key Players

  • General Electric (US)
  • VEO (Finland)
  • Amtech Power Ltd (India)
  • KONČAR (Croatia)
  • Voith (Germany)
  • Siemens (Germany)
  • Basler Electric (US)
  • Tenel s.r.o. (Czech Republic)
  • Nidec (Japan)
  • Andritz (Austria)
  • Reivax (Canada)
  • Automation Electronics (India)
  • ABB (Switzerland)

Drivers

  • Rising demand for synchronous machines
  • Ability to provide reliable operations for synchronous machines
  • Growing need for synchronous machines in renewable energy
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Excitation Systems Market Scenario


Excitation System Market size is projected to reach USD 3.08 Billion by 2025, with 4.03% CAGR between 2019 and 2025. 


Due to the ability to assure long-term reliable operations for synchronous machines and the rising demand for synchronous machines globally, the Global Excitation System Market is predicted to grow rapidly during the forecast period. An excitation system generates flux by passing a current through the windings, providing field current to the synchronous machine's rotor winding. Such solutions ensure that the synchronous machines' operations are stable and reliable. Furthermore, the amount of excitation needed for synchronous machines is determined by the load power factor, load current, and machine speed.


The increased demand for synchronous machines and the capacity to deliver reliable operations for synchronous machines are two significant aspects driving the global excitation system market forward. Furthermore, the global excitation system business will benefit from the increased need for synchronous machines in renewable energy. During the forecast period, such factors are projected to generate an opportunity for the worldwide excitation systems market. However, the market for excitation systems is projected to be constrained by the complexity of the processes


The major factors driving the growth of the global excitation system market include the rising demand for synchronous machines and the ability to provide reliable operations for synchronous machines. Additionally, the growing need for synchronous machines in renewable energy creates opportunities for the global excitation system industry. For instance, in November 2019, Reivax (Canada) along with the partnership of General Electric (US) contracted with Seattle City Light (US) to supply static excitation systems for boundary dam power station. Such factors are expected to create an opportunity for the global excitation systems market during the forecast period.


Key Players


The Key Players operating in the Global Excitation System Market are General Electric (US), VEO (Finland), Amtech Power Ltd (India), KONČAR (Croatia), Voith (Germany),  Siemens (Germany), Basler Electric (US), Tenel, s.r.o. (Czech Republic), Nidec (Japan), Andritz (Austria), Reivax  (Canada), Automation Electronics (India), ABB (Switzerland) and others.


Industry News



  • In November 2019, Reivax (Canada) and General Electric (US) partnered to offer static excitation equipment for a boundary dam power station to Seattle City Light (US). Emerson was awarded a contract by Oklahoma Gas and Electric (OG&E) in November 2020 to modernize and unify nine separate control systems across four units at the OG&E Redbud combined-cycle plant. Oklahoma Gas and Electric (OG&E) gained multiple benefits by deploying Emerson's Ovation technology at its Redbud combined-cycle power plant, including the capacity to cold start each unit 25 to 35 minutes faster, allowing the company to generate megawatts more quickly while lowering fuel costs.

  • In August 2019, ABB launched the Unitrol 1000 series, the world's first excitation system that complies with the new European grid code, providing benefits to consumers while also reducing grid network hazards.


Many Major Players such as ABB, Siemens, and others are focusing on the development of the excitation system that is highly competitive and provides greater efficiency with efficient excitation voltage. Such players are actively focusing on new product development as a key strategy in order to offer the best suitable excitation system. For instance, in August 2019, ABB introduced a Unitrol 1000 series, the world’s first excitation system that is compliant with the new European grid code to provide benefits to consumers as well as helps minimize the risks associated with the grid networks. However, the process complexity is expected to restrain the growth of the excitation systems market.    


The Global Excitation System Market is expected to grow at 3.24% CAGR during the forecast period.


Excitation System Market Segmentation


The Global Excitation System Market has been segmented based on type, controller type, end-use, and region. By type, the global market includes DC excitation system, AC excitation system, and static excitation system. AC excitation system is further segmented into rotating thyristors excitation system and brushless excitation system. The AC excitation System segment is expected to hold a larger share due to its various benefits including low maintenance cost of rotor excitation system as compared to other types of excitation systems and low contact resistance. On the basis of controller type, the global market is segmented into analog and digital. The digital segment is expected to grow with the highest CAGR during the forecast period as it improves the transient and dynamic stability, thus enhances the performance of the generator. By application, the global excitation system market has been segmented into synchronous generators and synchronous motors. The synchronous generators segment is expected to hold the largest share within the global excitation system market owing to the increasing demand for synchronous generators in hydropower generating stations.
Excitation System 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. 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.


The Global Excitation System Market is expected to witness high growth during the forecast period owing to the ability to ensure long-term reliable operations for synchronous machines and rising demand for synchronous machines, globally.  


By region, the Global Excitation System Market is segmented into Asia-Pacific, North America, Europe, South America, and the Middle East & Africa. Asia-Pacific is expected to be the largest and fastest-growing region in the global excitation system market, owing to the increasing share of renewable energy supporting the excitation system in the region during the forecast period.


Intended Audience



  • Government and research organization

  • Consulting companies in the excitation system market

  • Raw material suppliers

  • Research consultants

  • Investors and shareholders



Report Scope:
Report Attribute/Metric Details
  Market Size

  • 2025:USD 3.08 Billion
  • 2030 : Significant value
  •   CAGR   4.03% CAGR (2022-2030)
      Base Year   2021
      Forecast Period   2022 to 2030
      Historical Data   2019 & 2020
      Forecast Units   Value (USD Billion)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   Type , Controller Type and Application
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   General Electric (US), VEO (Finland), Amtech Power Ltd (India), KONČAR (Croatia), Voith (Germany), Siemens (Germany), Basler Electric (US), Tenel, s.r.o. (Czech Republic), Nidec (Japan), Andritz (Austria), Reivax (Canada), Automation Electronics (India), ABB (Switzerland)
      Key Market Opportunities   Growing need for synchronous machines in renewable energy
      Key Market Drivers

  • Rising demand for synchronous machines
  • Ability to provide reliable operations for synchronous machines


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    Frequently Asked Questions (FAQ) :

    The excitation systems market can surge at 3.24% CAGR by 2025.

    By 2025, the excitation systems market can value at USD 3.30 Bn.

    Nidec (Japan), Reivax (Canada), Andritz (Austria), and Automation Electronics (India) are some notable companies in the excitation systems market.

    AC excitation system, DC excitation system, and static excitation system are types of excitation systems.

    Synchronous motors and generators are applications of excitation systems.