Excitation Systems Market Analysis

Global Excitation Systems Market Overview:

Excitation Systems Market Size was valued at USD 2.6 Billion in 2023. The Excitation Systems market industry is projected to grow from USD 2.70 Billion in 2024 to USD 3.57 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.53% during the forecast period (2024 - 2032). The requirement for synchronous machines to deliver stable performance, constant power supply, and sufficient plant operations are the key market drivers enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Basler Electric unveiled its DECS-450 brushless digital excitation control system as the latest addition to its integrated excitation systems product line in September 2020. The DECS-450 is based on the DECS microprocessor platform and offers improved voltage regulation accuracy at 0.10%, five excitation control modes, and programmable logic integration.

Hitachi ABB Power Grids launched a year-long pilot project of the first-ever hybrid solution in the world combining a STATCOM (static compensator) with a synchronous condenser, a 4-pole motor with an input of brushless excitation system. Through collaboration with SP Energy Networks, The University of Strathclyde and Technical University Denmark.

ABB was awarded a contract involving four generator units at the Governador José Richa hydropower plant located at Iguazu River for supplying excitation systems and speed controls. With this, Copel (Companhia Paranaense de Energia) was able to improve the visibility of operational data by using predictive diagnostics for that purpose.

ANDRITZ signed a contract with Companhia Hidrelétrica do São Francisco (CHESF) in May 2020 to perform complete modernization and digitalization of the Sobradinho hydropower plant located on São Francisco, Brazil’s river. Repair service includes medium and low-voltage cubicles, turbines’ governor & protection, exaction systems, transformers etc.

Nidec Leroy-Somer released TAL 0473 in March 2020. The TAL 0473 delivers nominal power from 400 kVA to 660 kVA at 50 Hz (from495 kVA up to825 kVA at60Hz). It comes standard with an SHUNT excitation system and an R150 regulator.

Brushless excitation systems are used in large synchronous machines such as generators and motors. A brushless excitation system, which can deliver significant amounts of power in modern power plants, is a big plus.

Excitation Systems Market Trends

• 
  

  Growing synchronous machine is driving the market growth

  
  

Market CAGR for excitation systems is being driven by the rising use of synchronous machine. An increase in demand for synchronous machines is necessary for dependable operation, a steady supply of power, and appropriate plant operations. Synchronized machines may be used to construct both synchronous generators and motors. The synchronous machine and excitation system provide for a steady and dependable power supply, which is necessary for efficient plant operation. 

The synchronous machine's excitation mechanism therefore affects operational readiness and ensures reliable long-term operation. Electric utilities, such as power generating plants, transmission, conveyance, and other utilities in rising nations, are driving up demand for simultaneous machines with excitation control systems for matrix dependability applications.   Concerns over warming, carbon emissions, and increasing pollution have changed energy use across nations. The government is implementing plans to address these environmental problems.

Additionally, renewable energy is expected to produce a third of the world's electricity. Hydropower still provides over half of the world's renewable electricity. Solar and wind power, the greatest renewable energy source in the world, gives the industry the most growth potential. The growing need for renewable energy is a crucial element driving the market for excitation systems. The annual report of the International Renewable Energy Agency states that 3 068 GW of renewable energy was available worldwide as of the end of 2021. 

The capacity for producing renewable energy rose by 260 GW in 2021. A total of 1.46 Terawatts of renewable energy capacity will be available by 2021, with Asia adding 60%. China added 121 GW, making it the biggest provider of the continent's new capacity. Consequently, it is anticipated that increased demand for renewable energy will drive the excitation systems market over the forecast period.

Synchronous machines, which are essential for dependable operation, a consistent supply of power, and suitable plant operations, are becoming increasingly in demand. Both synchronous generators and motors may be built using synchronized machinery. The synchronous machine and excitation system enable a dependable and continuous power supply for efficient plant operation. 

As a consequence, the synchronous machine's excitation mechanism has an impact on operational readiness and guarantees dependable long-term operation. The expansion of the business sector is being fueled by the rise in demand with simultaneous machine with excitation control systems for matrices dependable applications from electric utilities, including power production facilities, transmission, conveyance, and other utilities in developing countries. Thus, driving the Excitation Systems market revenue.

Excitation Systems Market Segment Insights:

Excitation Systems Type Insights

Based on type, the Excitation Systems market segmentation includes DC excitation systems, AC excitation systems, and static excitation systems. The static excitation system segment dominated the market, accounting for 35% of market revenue. Several advantages, including high performance, compact size, minimal losses, exceptional reliability, and excellent system responsiveness, boosted demand over the study period. 

In addition, increasing expenditures have been made on the infrastructure for transmission, power generation, and distribution in response to the predicted growth in energy demand from developing nations.

Excitation Systems Controller Type Insights

Based on controller type, the Excitation Systems market segmentation includes analog and digital. The analog segment dominated the market. Because it was convenient to migrate from analog to digital control, and because the digital excitation control systems' better transient and dynamic stability significantly improved generator performance, this factor contributed to the market's growth.

Excitation Systems Application Insights

The Excitation Systems market segmentation, based on Application, includes synchronous motors and synchronous generators. The synchronous generators generated the most income. The synchronous generator's purpose during operation is to deliver automatically controlled DC to the turbo-generator excitation winding. The generator system comprises a power generating system, automated regulators, protection and control systems, and other functional excitation systems. 

Various producers who compete in the electric vehicle industry are moving away from conventional induction motors and towards synchronous motors. As synchronous generators are produced in the next years, it is projected that growth in the power-generating industry will create a platform for synchronous generator sales growth.

Figure 1: Excitation Systems Market, by Application, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Excitation Systems Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American Excitation Systems market will dominate this market; due to crucial advancements in end-use sectors, including oil and gas, synthetics, energy, mash, and paper, interest in simultaneous machines is rising.

Further, the major countries studied in the market report are The US, Canada, Spain, China, German, France, the UK, Italy, Japan, India, Australia, South Korea, and Brazil.

Figure 2: Excitation Systems Market Share By Region 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe has the second-largest market share for Excitation Systems. Growing urbanization and increasing income levels contribute to an increase in the demand for electrical equipment and electricity in the residential sector. Furthermore, the German Excitation Systems market dominated, while the UK Excitation Systems market grew fastest in Europe.

From 2023 to 2032, the Asia Pacific Excitation Systems Market will develop quickly due to the rise of renewable energy-based capacity, which is anticipated to raise demand for synchronous machine excitation control systems. The demand for electricity and electrical equipment in the residential sector grows as urbanization and income levels rise. Furthermore, the China Excitation Systems market had the highest market share, while the India Excitation Systems market was the fastest expanding in Asia.

Excitation Systems Key Market Players & Competitive Insights

Leading market companies are extensively spending R&D on increasing their product lines, which will help the Excitation Systems market grow even more. Important market developments include new product releases, contractual agreements, acquisitions and mergers, greater investments, and collaboration with other organizations. The Excitation Systems industry must produce cost-effective merchandise to flourish and thrive in a more competitive and increasing market climate.

Manufacturing locally to reduce operating costs is an effective business strategy manufacturers use in the worldwide Excitation Systems industry to serve clients and expand the market sector. The Excitation Systems industry has provided some of the most important benefits recently.  GE Renewable Energy, ABB and other major competitors in the Excitation Systems market are seeking to improve market demand by investing in R&D efforts.

ABB is building a more sustainable and resource-conserving future. The company's solutions combine technological know-how with software to enhance the creation, motion, and operation of things. Building on more than 130 years of excellence, ABB's 105,000 employees are committed to fostering innovations that speed up industrial development. ABB Ltd. is a holding company that creates and provides power and automation solutions. 

Through the following divisions, it does business: Electrification, Robotics & Discrete Automation, Industrial Automation, and Corporate and Other. In November 2019, The contract for a Copal hydroelectric power facility in Brazil has been awarded to ABB. The hydroelectric plant's performance and dependability have increased due to upgrades in the contract's excitation system and turbine speed restrictions.

The world's largest economy and the remotest settlements are powered by GE Renewable Energy, which uses the planet's vast resources of wind, sun, and water to produce green electricity. They design energy products, grid solutions, and digital services with an inventive spirit and an entrepreneurial approach to provide their clients worldwide with market-leading value.

GE Renewable Energy has installed more than 400 gigawatts of clean, renewable energy and provided grid solutions to more than 90% of utilities worldwide. It combines onshore and offshore wind, blades, hydro, storage, utility-scale solar, and grid solutions. In June 2020, The Kundah hydropower plant in India chose GE Renewable Energy to install and provide 500MV of turbine capacity. 

GE created, produced, and managed the storage turbine, excitation system, control & protection system, and other systems for the facility.

Key Companies in the Excitation Systems market include

• 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).

Excitation Systems Industry Developments

November 2020:Four generating units of the Governador José Richa hydroelectric facility on the Iguazu River will have excitation systems and speed regulation provided by ABB thanks to a contract the company secured. The solution used Predictive diagnostics to help Copel (Companhia Paranaense de Energia) improve the visibility of its operational data.

May 2020:The Sobradinho hydropower plant, located on the So Francisco River in Brazil, will undergo a complete renovation and digitization according to a contract that ANDRITZ signed with Companhia Hidrelétrica do So Francisco (CHESF). The range of supplies includes transformers, cooling, ventilation systems, excitation systems, turbine governors, and protection. It also includes medium- and low-voltage cubicles.

Excitation Systems Market Segmentation:

Excitation Systems Type Outlook

• DC Excitation System


• AC Excitation System


• Static Excitation System

Excitation Systems Controller Type Outlook

• Analog


• Digital

Excitation Systems Application Outlook

• Synchronous Motors


• Synchronous Generators

Excitation Systems Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America