Excitation Systems Market, to Grow at 3.24% CAGR by 2027

Pune, India, December 2019, MRFR Press Release/- Market Research Future has published a Half-Cooked Research Report on the Global Excitation Systems Market.

Market Highlights

The Global Excitation Systems Market is projected to be valued at USD 3.30 Billion by 2025, with 3.24% CAGR during the forecast period, 2019–2025. An excitation system provides field current to the rotor winding of a generator.

GLOBAL EXCITATION SYSTEMS MARKET, 2019–2025 

In 2018, Asia-Pacific dominated the global excitation systems market in terms of share: MRFR

The global market for excitation systems is segmented into five regions, namely North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The Asia-Pacific market is expected to hold the largest market share in the global excitation systems market during the forecast period. The dominant position of Asia-Pacific in the market is attributed to the increasing renewable energy-based capacity in China. The rise in demand for excitation systems in China is attributed to the need for uninterrupted and reliable power supply. The growing investments in renewable energy projects are estimated to propel the growth of excitation systems market in the region, which is expected to be the fastest-growing region during the forecast period.

The excitation systems market in Europe is expected to be dominated by Germany owing to the increasing demand for synchronous machines in the HVDC Network in the country. For instance, in 2016, a new EU project “PROgress on Meshed HVDC Offshore Transmission Networks” was launched in Germany which requires synchronous machines for the construction and operation of integrated offshore infrastructure of the project.

The excitation systems market in North America is dominated by Canada owing to the increasing demand for synchronous machines to be used for industrial, commercial, agricultural applications. For instance, Reivax (Canada) manufactures and supplies synchronous machine for various industrial applications which drives the excitation systems market in Canada during the forecast period.

The global market for excitation systems is segmented based on type, controller type, application, and region. By type, the global market is divided into DC excitation system, AC excitation system, and static excitation system. Furthermore, the AC excitation system segment is further segmented into a rotating thyristor excitation system and brushless excitation system. The AC excitation system segment is expected to dominate the global market and is likely to grow with the highest CAGR. Based on controller type, the global market is segmented as analog control and digital control. The digital control segment is expected to grow with the highest CAGR during the forecast period. By application, the market is segmented into synchronous generators and synchronous motors. The synchronous generators segment is expected to hold the largest market share during the forecast period.

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

Drivers 

Scope of the Report

This report provides an in-depth analysis of the global excitation systems market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size and share for Europe, North America, Asia-Pacific, South America, and the Middle East & Africa. The report also presents a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global excitation systems market by type, controller type, application, and region.

Access Report Details @ https://www.marketresearchfuture.com/reports/excitation-systems-market-8620

• 
  Type
  
  
  
  • DC Excitation System
  
  
  • 
    AC Excitation System
    
    
    
    • Rotating Thyristor Excitation System
    
    
    • Brushless Excitation System
    
    
    
    
  
  
  • Static Excitation System
  
  
  
  

• 
  Controller Type
  
  
  
  • Analog Control
  
  
  • Digital Control
  
  
  
  

• 
  Application
  
  
  
  • Synchronous Generators
  
  
  • Synchronous Motors
  
  
  
  

• 
  By Region
  
  
  
  • North America 
  
  
  • Asia-Pacific 
  
  
  • Europe
  
  
  • Middle East & Africa
  
  
  • South America
  
  
  
  

Key Players

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