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US Excitation Systems Market

ID: MRFR/EnP/13299-HCR
100 Pages
Snehal Singh
October 2025

US Excitation Systems Market Research Report By Type (Static Excitation Systems, Dynamic Excitation Systems, Synchronous Excitation Systems, Hybrid Excitation Systems), By Application (Power Generation, Industrial Automation, Renewable Energy Systems, Transportation Systems), By End Use (Utilities, Manufacturing, Marine, Transportation) and By Control Method (Voltage Control, Current Control, Power Factor Control, Rotating Machine Control) - Forecast to 2035

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US Excitation Systems Market Summary

As per MRFR analysis, the US excitation systems market size was estimated at 438.75 USD Million in 2024. The US excitation systems market is projected to grow from 454.24 USD Million in 2025 to 642.75 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 3.53% during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The US excitation systems market is poised for growth driven by technological advancements and a shift towards renewable energy.

  • Technological advancements are enhancing the efficiency and reliability of excitation systems.
  • The regulatory influence is shaping the market landscape, promoting compliance and innovation.
  • The largest segment in the market is the conventional power generation sector, while the fastest-growing segment is the renewable energy sector.
  • Key market drivers include the growing demand for power stability and increased investment in infrastructure.

Market Size & Forecast

2024 Market Size 438.75 (USD Million)
2035 Market Size 642.75 (USD Million)
CAGR (2025 - 2035) 3.53%

Major Players

General Electric (US), Siemens (DE), Schneider Electric (FR), Emerson Electric (US), ABB (CH), Mitsubishi Electric (JP), Eaton (US), Rockwell Automation (US), Kraftanlagen (DE)

US Excitation Systems Market Trends

The excitation systems market is currently experiencing a notable transformation, driven by advancements in technology and increasing demand for efficient power generation. As the energy sector evolves, there is a growing emphasis on enhancing the reliability and performance of power systems. This shift is largely influenced by the need for renewable energy integration and the modernization of existing infrastructure. Consequently, manufacturers are focusing on developing innovative solutions that cater to these emerging requirements, which may lead to a more sustainable and resilient energy landscape. In addition, regulatory frameworks and government initiatives are playing a crucial role in shaping the excitation systems market. Policies aimed at reducing carbon emissions and promoting clean energy sources are prompting utilities to invest in modern excitation systems. This trend suggests a potential increase in the adoption of advanced technologies, such as digital control systems and real-time monitoring solutions. As the market continues to evolve, stakeholders must remain vigilant to adapt to these changes and capitalize on new opportunities that arise from the ongoing transformation of the energy sector.

Technological Advancements

The excitation systems market is witnessing rapid technological advancements, particularly in digital control systems. These innovations enhance the efficiency and reliability of power generation, allowing for better integration of renewable energy sources. As utilities seek to modernize their infrastructure, the demand for sophisticated excitation systems is likely to increase.

Regulatory Influence

Government regulations and policies are significantly impacting the excitation systems market. Initiatives aimed at reducing greenhouse gas emissions and promoting sustainable energy practices are driving utilities to upgrade their systems. This regulatory environment encourages investment in advanced excitation technologies, which may lead to a more efficient energy sector.

Focus on Renewable Energy

There is a growing emphasis on renewable energy sources within the excitation systems market. As the shift towards cleaner energy continues, utilities are increasingly adopting excitation systems that support the integration of wind, solar, and other renewable technologies. This trend indicates a potential shift in market dynamics, favoring solutions that enhance the stability and performance of renewable energy systems.

US Excitation Systems Market Drivers

Rising Focus on Energy Efficiency

The emphasis on energy efficiency is becoming increasingly prominent in the excitation systems market. As organizations strive to reduce operational costs and minimize environmental impact, the demand for efficient excitation systems is likely to grow. In 2025, energy-efficient technologies are projected to account for over 30% of the total market share in the excitation systems market. This shift towards efficiency not only aligns with regulatory requirements but also appeals to consumers who are more environmentally conscious. Manufacturers are thus incentivized to develop excitation systems that optimize energy use, thereby enhancing their competitive edge in the market.

Growing Demand for Power Stability

The increasing need for reliable power supply in various sectors is driving the excitation systems market. Industries such as manufacturing, healthcare, and data centers require stable power to maintain operations. As a result, the demand for excitation systems, which enhance the stability of power generation, is expected to rise. In 2025, the market is projected to reach approximately $1.5 billion, reflecting a growth rate of around 6% annually. This trend indicates that businesses are prioritizing power stability, thereby creating opportunities for innovation and investment in excitation systems. The excitation systems market is likely to benefit from this growing demand as companies seek to mitigate risks associated with power fluctuations.

Expansion of Renewable Energy Sources

The expansion of renewable energy sources is significantly influencing the excitation systems market. As the United States transitions towards cleaner energy, the integration of wind, solar, and hydroelectric power is becoming more prevalent. This shift necessitates the use of excitation systems that can effectively manage the variability associated with renewable energy generation. In 2025, it is estimated that renewable energy will contribute to over 25% of the total energy mix, thereby increasing the demand for specialized excitation systems. The excitation systems market is likely to see growth as companies develop solutions tailored to the unique challenges posed by renewable energy sources.

Increased Investment in Infrastructure

The ongoing investment in infrastructure development across the United States is significantly impacting the excitation systems market. With the government allocating substantial funds for upgrading power plants and transmission networks, the need for advanced excitation systems becomes apparent. In 2025, infrastructure spending is expected to exceed $1 trillion, with a notable portion directed towards enhancing power generation capabilities. This investment is likely to stimulate the excitation systems market, as modern systems are essential for improving efficiency and reliability in power generation. Consequently, manufacturers are encouraged to innovate and provide solutions that meet the evolving demands of the infrastructure sector.

Technological Integration in Power Generation

The integration of advanced technologies in power generation is reshaping the excitation systems market. Innovations such as digital controls, automation, and real-time monitoring are becoming standard in modern power plants. This technological evolution is expected to drive the excitation systems market, as operators seek systems that can seamlessly integrate with existing infrastructure. By 2025, it is anticipated that over 40% of new installations will incorporate these advanced technologies, reflecting a shift towards smarter power generation solutions. This trend suggests that companies must adapt to technological advancements to remain competitive in the excitation systems market.

Market Segment Insights

By Type: Static Excitation Systems (Largest) vs. Dynamic Excitation Systems (Fastest-Growing)

In the US excitation systems market, Static Excitation Systems represent the largest segment as they are widely utilized for their reliability and efficiency in power generation and transmission. This segment has garnered substantial market share, thanks to its established presence in various industrial applications. Conversely, Dynamic Excitation Systems are gaining traction, reflecting their adaptability and advanced technology that caters to modern requirements, thus showcasing their fast-growing market share. The growth of the Dynamic Excitation Systems segment is primarily driven by the increasing demand for enhanced performance and flexibility in power systems. Factors such as technological advancements, rising investments in power generation, and a shift towards renewable energy sources are contributing to this segment's robust growth trajectory. As utilities and industries prioritize efficiency and reliability, the adoption of Dynamic Excitation Systems is expected to accelerate, reducing operational costs and improving overall system performance.

Static Excitation Systems (Dominant) vs. Hybrid Excitation Systems (Emerging)

Static Excitation Systems are characterized by their consistent performance and reliability, making them the dominant choice in many power generation applications. Their ability to maintain voltage stability and control reactive power ensures efficient system operations. On the other hand, Hybrid Excitation Systems are emerging as a competitive alternative due to their combination of static and dynamic technologies, providing flexibility and efficiency. This hybrid approach allows for enhanced system performance under varying operational conditions, thereby attracting interest from utilities seeking innovative solutions. The emerging trend towards hybrid systems reflects the market's focus on sustainability and optimal energy management, positioning them as a significant part of future developments in the market.

By Application: Power Generation (Largest) vs. Renewable Energy Systems (Fastest-Growing)

In the US excitation systems market, Power Generation holds the largest share, driven primarily by its significance in maintaining grid stability and efficiency. Following closely is Industrial Automation, which leverages excitation systems for enhanced control and operational efficiency across numerous industries. Renewable Energy Systems, though a smaller segment currently, has shown rapid growth as green energy solutions gain traction. Finally, Transportation Systems highlight the adaptability of excitation technologies in various electrification projects. Growth trends in the US excitation systems market are influenced significantly by the transition towards sustainable energy sources and the increasing demand for reliable power systems. Power Generation remains steady, yet Renewable Energy Systems are poised for exponential growth due to government incentives and advancements in technology. Industrial Automation also continues to expand, thanks to Industry 4.0 integration. Meanwhile, Transportation Systems are emerging as critical drivers in electrification initiatives, emphasizing the need for innovative excitation solutions.

Power Generation: Dominant vs. Renewable Energy Systems: Emerging

Power Generation leads the segmentation by significantly impacting the overall performance and reliability of electrical grids. This segment benefits from steady investment and regulatory support aimed at enhancing grid resilience. On the other hand, Renewable Energy Systems represent an emerging segment, capitalizing on technological advancements in solar and wind energy. These systems require innovative excitation solutions to maintain efficiency and stability amid fluctuating energy inputs. While Power Generation is well-established, the growth dynamics in Renewable Energy Systems showcase a market in transformation, driven by an increasing focus on sustainability and the decarbonization of energy sectors.

By End Use: Utilities (Largest) vs. Manufacturing (Fastest-Growing)

The market share distribution within the US excitation systems market reveals that Utilities dominate the segment, accounting for the largest portion of demand. This sector's reliance on reliable excitation systems to maintain grid stability and manage fluctuations is pivotal. Conversely, Manufacturing follows closely, characterized by its growing adoption of advanced excitation systems to optimize operation efficiency and productivity, thus gradually increasing its share. The growth trends in the US excitation systems market are heavily influenced by the transition towards renewable energy sources and the modernization of aging infrastructure. Utilities are primarily driven by regulatory pressures and the need for resilience in power supply. Meanwhile, Manufacturing is emerging rapidly, spurred by technological advancements and operational productivity goals, making it a significant growth area for excitation system suppliers.

Utilities: Dominant vs. Manufacturing: Emerging

In the context of the US excitation systems market, the Utilities sector is positioned as the dominant force, driven by the necessity for stable power management and reliability. The sector utilizes advanced excitation systems to regulate voltage and improve system stability, making it indispensable for maintaining the grid's integrity. On the other hand, the Manufacturing sector is seen as an emerging segment, actively integrating state-of-the-art excitation solutions to enhance production processes. Its growth is fueled by the increasing focus on efficiency and cost reduction, allowing manufacturing plants to meet higher production demands while minimizing energy consumption.

By Control Method: Voltage Control (Largest) vs. Current Control (Fastest-Growing)

The US excitation systems market displays a diverse range of control methods, with Voltage Control securing the largest market share. This method has established itself as a preferred choice among various industries due to its efficiency in maintaining voltage levels in power systems, which is crucial for reliability and stability. Current Control, while currently holding a smaller share, is gaining traction rapidly as industries seek to optimize energy usage and boost performance. The growth trends within this segment showcase an increasing demand for advanced technologies that enhance operational efficiency. As renewable energy sources gain prominence, methods like Current Control are becoming integral in managing fluctuations in power supply. Drivers such as regulatory pressures for energy efficiency and the implementation of smarter grid solutions are propelling the adoption of innovative control methods, underscoring a shift towards more dynamic and responsive excitation systems.

Voltage Control (Dominant) vs. Power Factor Control (Emerging)

Voltage Control is the cornerstone of the US excitation systems market, offering superior stability and performance in electrical systems. The growing focus on grid reliability further solidifies its dominant position, as it effectively mitigates voltage fluctuations. On the other hand, Power Factor Control is emerging as a significant contender, particularly in industries that are progressively becoming more energy-conscious. This segment focuses on correcting power factor issues to enhance energy efficiency and minimize utility costs. The advancements in Power Factor Control technology are tailored to address the demands of modern electrical grids, making it an attractive solution for businesses aiming to optimize their energy usage. As these technologies evolve, both segments are poised to play pivotal roles in shaping the future of excitation systems.

Get more detailed insights about US Excitation Systems Market

Key Players and Competitive Insights

The excitation systems market in the US is characterized by a dynamic competitive landscape, driven by technological advancements and increasing demand for efficient power generation solutions. Key players such as General Electric (US), Siemens (DE), and Emerson Electric (US) are at the forefront, each adopting distinct strategies to enhance their market presence. General Electric (US) focuses on innovation in digital solutions, particularly in integrating AI and IoT technologies into their excitation systems, which enhances operational efficiency and reliability. Siemens (DE), on the other hand, emphasizes sustainability, aligning its product offerings with the growing demand for environmentally friendly solutions. Emerson Electric (US) is actively pursuing strategic partnerships to expand its service capabilities, thereby enhancing customer engagement and satisfaction.

The business tactics employed by these companies reflect a concerted effort to optimize supply chains and localize manufacturing processes. The market structure appears moderately fragmented, with several players vying for market share, yet the influence of major companies remains substantial. This competitive environment fosters innovation and drives improvements in product offerings, as companies seek to differentiate themselves through advanced technologies and customer-centric solutions.

In October 2025, General Electric (US) announced a partnership with a leading renewable energy firm to develop next-generation excitation systems tailored for wind and solar applications. This strategic move is likely to position General Electric (US) as a leader in the renewable sector, capitalizing on the increasing shift towards sustainable energy sources. Similarly, in September 2025, Siemens (DE) unveiled a new line of excitation systems designed to enhance grid stability, which is crucial as the energy landscape evolves. This initiative not only reinforces Siemens' commitment to sustainability but also addresses the pressing need for reliable energy solutions in a changing market.

In August 2025, Emerson Electric (US) launched a comprehensive digital platform aimed at optimizing the performance of excitation systems through real-time data analytics. This platform is expected to provide customers with actionable insights, thereby improving operational efficiency and reducing downtime. Such innovations are indicative of Emerson's strategy to leverage technology for enhanced service delivery and customer satisfaction.

As of November 2025, the competitive trends in the excitation systems market are increasingly defined by digitalization, sustainability, and the integration of AI technologies. Strategic alliances are becoming more prevalent, as companies recognize the value of collaboration in driving innovation and expanding market reach. The competitive differentiation is likely to evolve from traditional price-based competition towards a focus on technological advancements, reliability, and supply chain efficiency. This shift underscores the importance of innovation and adaptability in maintaining a competitive edge in the rapidly changing landscape of the excitation systems market.

Key Companies in the US Excitation Systems Market market include

Industry Developments

Recent developments in the US Excitation Systems Market have included significant advancements and increased investments in technology by key players such as Emerson Electric and ABB. There has been notable growth in the market valuation, attributed to heightened demand for automation and improved efficiency in industrial processes. Major companies, including Schneider Electric and Rockwell Automation, are expanding their product offerings to include more robust and reliable excitation systems aimed at optimizing performance in various applications. 

In terms of mergers and acquisitions, reports surfaced in September 2023 of Emerson Electric acquiring a controlling stake in a technology firm specializing in digital control solutions, indicating a strategic move to enhance their market presence. Additionally, Regal Beloit announced in August 2023 an acquisition of a competitor, further solidifying its position in the sector. The last couple of years have seen transformative changes in the market, particularly during 2021, when a surge in renewable energy projects prompted increased investments in excitation systems nationwide, further illustrating a shift towards modernized and sustainable solutions in the power industry.

As these trends continue, they indicate a robust growth trajectory for the US Excitation Systems Market that is likely to evolve further in the coming years.

Future Outlook

US Excitation Systems Market Future Outlook

The Excitation Systems Market is projected to grow at a 3.53% CAGR from 2024 to 2035, driven by technological advancements, increasing demand for renewable energy, and regulatory support.

New opportunities lie in:

  • Development of advanced digital excitation control systems
  • Integration of excitation systems with renewable energy sources
  • Expansion into emerging markets with tailored solutions

By 2035, the excitation systems market is expected to achieve robust growth and enhanced technological integration.

Market Segmentation

US Excitation Systems Market Type Outlook

  • Static Excitation Systems
  • Dynamic Excitation Systems
  • Synchronous Excitation Systems
  • Hybrid Excitation Systems

US Excitation Systems Market End Use Outlook

  • Utilities
  • Manufacturing
  • Marine
  • Transportation

US Excitation Systems Market Application Outlook

  • Power Generation
  • Industrial Automation
  • Renewable Energy Systems
  • Transportation Systems

US Excitation Systems Market Control Method Outlook

  • Voltage Control
  • Current Control
  • Power Factor Control
  • Rotating Machine Control

Report Scope

MARKET SIZE 2024 438.75(USD Million)
MARKET SIZE 2025 454.24(USD Million)
MARKET SIZE 2035 642.75(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR) 3.53% (2024 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
Market Forecast Period 2025 - 2035
Historical Data 2019 - 2024
Market Forecast Units USD Million
Key Companies Profiled General Electric (US), Siemens (DE), Schneider Electric (FR), Emerson Electric (US), ABB (CH), Mitsubishi Electric (JP), Eaton (US), Rockwell Automation (US), Kraftanlagen (DE)
Segments Covered Type, Application, End Use, Control Method
Key Market Opportunities Integration of advanced digital technologies enhances efficiency in the excitation systems market.
Key Market Dynamics Technological advancements drive innovation in excitation systems, enhancing efficiency and reliability in power generation applications.
Countries Covered US

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FAQs

What is the projected value of the US Excitation Systems Market by 2035?

The US Excitation Systems Market is expected to be valued at 1300.0 million USD by the year 2035.

What is the expected CAGR for the US Excitation Systems Market from 2025 to 2035?

The expected CAGR for the US Excitation Systems Market from 2025 to 2035 is 3.751 percent.

What was the market value of Static Excitation Systems in 2024?

The market value of Static Excitation Systems in 2024 was 220.0 million USD.

Which segment holds the largest market share in the US Excitation Systems Market?

Dynamic Excitation Systems holds the largest market share, valued at 260.0 million USD in 2024.

Who are the major players in the US Excitation Systems Market?

Major players in the market include LeroySomer, Emerson Electric, Regal Beloit, ABB, and Rockwell Automation.

What is the expected market size for Hybrid Excitation Systems by 2035?

The expected market size for Hybrid Excitation Systems by 2035 is 220.0 million USD.

How is the Synchronous Excitation Systems segment projected to grow by 2035?

The Synchronous Excitation Systems segment is projected to grow to 360.0 million USD by 2035.

What challenges might impact the US Excitation Systems Market in the upcoming years?

Challenges may include fluctuating raw material prices and regulatory changes affecting market dynamics.

What are the expected growth drivers for the US Excitation Systems Market?

Growth drivers include the increasing demand for power generation and advancements in excitation technology.

What market trend is influencing the US Excitation Systems Market towards 2035?

The trend towards automation and efficiency in power systems is significantly influencing the market.

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